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A comment on When Bitcoin miners take over a town (2018). Parent comment

Re:When Bitcoin miners take over a town (2018) by JumpCrisscross on Sunday February 21, 2021 @03:05PM (#26216616)
> a lot of people also tried to get in on the dot com bubble

Ex ante, it is difficult to differentiate a Pets.com from an Amazon, or a dot com bubble from a beanie baby boom.

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Re:When Bitcoin miners take over a town (2018) by rawtxapp on Sunday February 21, 2021 @03:08PM (#26216648)
> it is difficult to differentiate a Pets.com from an Amazon

Arguably a small minority were able to differentiate and it paid off very well for them.

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Re:When Bitcoin miners take over a town (2018) by tshaddox on Sunday February 21, 2021 @04:05PM (#26217175)
They may feel like they were able to differentiate, but without an actual explanation of how they differentiated, we can’t determine whether they differentiated or whether they got lucky.
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Re:When Bitcoin miners take over a town (2018) by JumpCrisscross on Sunday February 21, 2021 @03:11PM (#26216675)
> a small minority were able to differentiate and it paid off very well for them

True. But from a policy perspective this punts the problem. Ex ante, identifying the president from the deluded is difficult.

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Re:When Bitcoin miners take over a town (2018) by jfk13 on Sunday February 21, 2021 @06:58PM (#26218649)
> identifying the president from the deluded

I'm guessing you might have meant "prescient" there?

Then again, perhaps not.

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