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A comment on The West Forgot How to Make Things. Now It's Forgetting How to Code. Parent comment

Re:The West Forgot How to Make Things. Now It's Forgetting H... by wredcoll on Sunday April 26, 2026 @01:38PM (#47912149)
> as stock prices are based on expectations of future profits.

I thought stock prices were based one what I thought I could sell it for next week.

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Re:The West Forgot How to Make Things. Now It's Forgetting H... by WalterBright on Sunday April 26, 2026 @01:43PM (#47912201)
If you could sell it for more next week, that means the next week buyers are expecting higher profits.
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Re:The West Forgot How to Make Things. Now It's Forgetting H... by wredcoll on Sunday April 26, 2026 @01:44PM (#47912220)
No, it just means they're expecting someone else to buy it from them at a higher price. See also: bitcoin.
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Re:The West Forgot How to Make Things. Now It's Forgetting H... by WalterBright on Sunday April 26, 2026 @01:51PM (#47912278)
Bitcoin is not a company selling a product.
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Re:The West Forgot How to Make Things. Now It's Forgetting H... by wredcoll on Sunday April 26, 2026 @10:13PM (#47917007)
What exactly is the difference? Someone tweets that next week bitcoin will be worth $x more, or elon tweets that tesla will be worth $x more next week?
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Re:The West Forgot How to Make Things. Now It's Forgetting H... by WalterBright on Sunday April 26, 2026 @11:01PM (#47917256)
Bitcoin isn't run by any organization.
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