throwaway392321

5 ms·

1.
by throwaway392321 5y ago
> No, that is obviously not the only kind of value you can have. That is one. I am saying bitcoin has none of them. Please elucidate me on the "kind of value" that cash or cash settled derivatives have, and that that bitcoin wo
2.
by throwaway392321 5y ago
> I mean, it can't? The "price" is literally defined as the price of the latest trade. Check out how an order book works: https://en.wikipedia.org/wiki/Order_book . I'm referring to the bid and th
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by throwaway392321 5y ago
> Cryptocurrency trading is not the same as a regular market. Could you substantiate what you see here with a concrete difference? Particularly in terms of my argument that an asset price can move without actual trades being made. If pos
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by throwaway392321 5y ago
Markets are not zero sum in aggregate. Every trade is zero sum-- a buyer has to be matched with a seller at a price. However, the price of an asset can move without any trades. Your perspective would seem to imply that overall economic grow
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by throwaway392321 5y ago
> 2. an incredible amount of additional energy is being generated at point B for no reason 1) Why would the amount of energy at point B be "incredible"? It would be proportional to the amount of energy that is needed at point A
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by throwaway392321 5y ago
> Here’s a question for you. Which makes more BTC: (1) the world today, (2) an alternate reality where the mining algorithm is the same but it’s being run on Matryoshka brains enveloping every star in the universe (all operating at the B