Re:SEC charges Ripple and two executives
by dheera on Tuesday December 22, 2020 @04:34PM
(#25511518)
Yes, so much this. Fundamentals never mattered in crypto.
The true winners of crypto will be the ones who can come up with better models of human nature and hype, and all the factors at play, and leverage that to their success, just like the true winners at casinos are those who can learn to count cards, except with crypto they won't be able to kick you out.
It's also a market where market manipulation and insider trading is fair game, and that needs to be modelled in as well.
It's an interesting time we live in, and it's an interesting anarchic economy with its own interesting set of problems to solve.
Re:SEC charges Ripple and two executives
by pas on Tuesday December 22, 2020 @06:31PM
(#25512717)
Not even centralization? What happens if the SEC simply confiscates the servers? Wouldn't trading simply cease completely rendering all XRP instantly useless?
The true winners of crypto will be the ones who can come up with better models of human nature and hype, and all the factors at play, and leverage that to their success, just like the true winners at casinos are those who can learn to count cards, except with crypto they won't be able to kick you out.
It's also a market where market manipulation and insider trading is fair game, and that needs to be modelled in as well.
It's an interesting time we live in, and it's an interesting anarchic economy with its own interesting set of problems to solve.