Post
Topic
Board Bitcoin Discussion
Re: Open Letter to GMaxwell and Sincere Rational Core Devs
by
jbreher
on 09/03/2017, 23:53:25 UTC

Yeah - I get that subtext. The fly in that ointment is that the value of Bitcoin (for any rational definition of 'value', which OP steadfastly refuses to define) is increasing spectacularly. By this criteria alone, it cannot be the Nash Other Alternative.

IOW, in no way does it resemble a duck.

As an aside, this is the very property that has led to the economy singling out Bitcoin.
You don't understand the difference between value and price.  

Well, I will grant you one thing. As long as you keep refusing to define 'value', you are free to assert any relation between value and price that you care to. But to make an argument upon undefined terms is simply wasteful.

Find a handful of people that agree with you that the value of Bitcoin is unchanging and I'll reconsider my position.

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Just because and exchange tells you price is "x" doesn't mean the value is also "x".

Where did I state that conjecture?

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You are just again clearly showing you have no understanding of market theory or global/macro-economics.

If you say so, chief.