Bitcoin: my answer to the repeated questions. No, there is NO way to properly short the bitcoin "bubble". Any strategy that doesn't entail options is nonergodic (subjected to blowup). Just as one couldn't rule out 5K, then 10K, one can't rule out 100K. Gabish?
Both very promising. Not sure about them as a use currency like bitcoin but could fulfill other just as promising niches from the way I currently understand them (low).
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Both are more or less scams. They made promises that cannot be fulfilled. Especially Iota.
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Decentralization is the opposite of efficiency. By definition, a decentralized application is less efficient than a centralized one, thus cannot compete. Sorry. The only justification for decentralization is censorship resistance.
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Certainly not true. You do not understand complex systems.
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Ok, go ahead and give some examples where a decentralized system is more efficient than a centralized one. Efficient - in the sense uses less energy, cheaper to produce etc..
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Compare soviet system to modern mixed economy. You think you can centrally tell everyone what prices they should take? Good luck bb
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You mistake robustness for efficiency. The Soviet Union achieved very fast economic development and became Super Power after a devastating war. All these thanks to centralized planning which is very efficient, but also very fragile. This is the tradeoff.
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You are not counting survival as efficiency. Is it efficient to die? Over the long run it’s more efficient to survive right?
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