Post
Topic
Board Economics
Merits 2 from 2 users
Re: FTX drama and it’s long term consequences: Bitcoin is a confidence Game.
by
KEN L
on 14/11/2022, 09:34:58 UTC
⭐ Merited by fillippone (1) ,JayJuanGee (1)
The essence of finance is consensus. If there is confidence in the consensus, the price of the currency will be higher and higher, and the industry will become more and more prosperous. Once the confidence is blocked, the consensus will also be blocked. At this time, the consensus will collapse, and the confidence will become more and more prosperous. Collapse, consensus building and confidence are the basic principles of value.