D- on scarcity, as I just noted. In terms of the actual crypto market, the different cryptos are treated as near-substitutes. Thus, anyone can grow the pool any time. Bitcoin is the biggest, but the market doesn't care about your ideology.
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Again - you're literally arguing with the actual, existing, crypto market and what it actually, observably, does. You can argue hypotheticals that contradict the observed behaviours, but the observed behaviours are still reality, and your hypotheticals are not.
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The existing cryptomarket is run by unsophisticated noobs. It's super early in the game. When trading and investing volumes are dominated by smart money in the coming years, things will fall where they have to fall.
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You seem rather disdainful of free markets. The essence of free markets is that anyone can take part as an equal, whether smart or unsophisticated. If a "smart" cartel dominates a market, it isn't free.
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Free Markets is about discovering correct prices for things. It’s not about cartels, it’s about more intelligent individuals making more correct bets about the future than others.
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Nope, a free market is not a clearing house for intelligence. Intelligent people are not necessarily any better at foreseeing the figure than dumb ones.
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Intelligent people are better at picking a better form of money of the future. They are better at predictions.
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Stock picker's fantasy. "I'm more intelligent than average,.so I'm better at picking future corporate stars..." while missing benchmarks and underperforming relative to much less "intelligent" passive investors.
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These aren’t stocks. These are candidates for the “Gold” of the future.
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