Bitcoin rally drives new crypto meme frenzy

“We can roll our eyes at these tokens’ lack of fundamental value, but in my opinion that overlooks that, in the end, the market decides,” Acheson said.
Click to expand...

The analysis that says we have a market, in currency, is flawed, though.

Markets are, by nature, creatures of purely voluntary interaction.

It's the minimum pre-requisite.

As soon as you have a single participant who is imposing terms and conditions courtesy of a legal privilege in the initiation of force, you are left with nothing but a sham. A faux market. The shadow, and not the substance.

Only individuals, operating under fully consented-to conditions, 'decide'.
 
Ah fsck it, I miss all the crypto rallies. But I also miss all the crashes.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter