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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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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Equivalent. You are still trying to judge which will outperform the others.
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If one is alreay better than others today, it will likely outperform others over time as more and more people realize this.
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You don't get to decide what is "better". The market does. And you don't know what "better" means to others even now, let alone in the future.
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So far the Market thinks Bitcoin is the best.
End of conversation
New conversation -
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I'd say the free market acts like a cartel in many situations. I.e. Boycotting...
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