Price of all traded goods is speculation or have you forgotten how markets work?
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Replying to @panekkkk @pierre_rochard and
im not speculating on soap or banana prices when I buy those. I buy them for their use-value / to consume them (not hold). there are speculative component and utility component
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Replying to @MustStopMurad @pierre_rochard and
Uh oh looks like you just contradicted Pierre.
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Replying to @panekkkk @pierre_rochard and
lame; your previous comment was falsepic.twitter.com/DgxY0A2WnO
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Replying to @MustStopMurad @pierre_rochard and
I was speaking about markets like forex and equities not food but thank you for pointing out that utility does get factored into price. I’ll be sure to cite this profusely until you delete it.
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Replying to @panekkkk @pierre_rochard and
you said “all traded goods” Mr Backpedal stocks and forex also have utility components btw Pierre said “the primary driver” which makes total sense. ppl barely use ETH for shit except for speculating on its very price. dApp DAUs are abysmal 4 years in, there’s barely any demandpic.twitter.com/vqL6WKXnPC
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Replying to @MustStopMurad @pierre_rochard and
I’m sorry, I don’t trade bananas sir. All cryptos are largely bought on speculation and if you think otherwise you’re even higher than I thought. If anything, off all the assets, ETH was being bought most for its utility such as to contribute to ICOs. Now watch me backpedal:pic.twitter.com/xfQVPU9E7K
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Replying to @panekkkk @MustStopMurad and
The problem in ETH and every smart contracting *Web3* platform is the creation of new monies on top of a new, unproven money. SoV forms the security foundation for the money utility. $0.02: All new monies should have sufficient security/SoV before unleashing new monies.
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Replying to @cryptow1re @MustStopMurad and
Maybe it happened too quickly or maybe it was necessary to drive investment and value to the base?pic.twitter.com/FI3fuPBhO3
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