Re:Flaws in Bitcoin make a lasting revival unlikely
by dragonwriter on Thursday March 28, 2019 @04:34AM
(#19510358)
> The difference is that speculative traders in a normal market are making bets about an actual real underlying value.
No, they are making bets about future market value. Ideas about “underlying” value are just a subset of the potential inputs to such a bet, but they are not what the bet is fundamentally on.
No, they are making bets about future market value. Ideas about “underlying” value are just a subset of the potential inputs to such a bet, but they are not what the bet is fundamentally on.