The latter is what prices the commodity that enables the network and the remittance use case LocalBitcoins represents.
For the most compelling uses of Bitcoin, low but reliable liquidity can be more valuable than usually high but fragile liquidity.pic.twitter.com/MhGwFg8Nw6
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Having a precisely accurate price is far less important than being able to sell in the first place.
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For transfer, but the rising continent of overall market cap. - no matter how volatile - is the health of the network. Futures can peg USD.
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Binary thinking. Most compelling use is for regular people to not get raped in hyperflationary environments, cashless societies
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it's way too low. A whale can manipulate the market in a single trade.
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Yes it's ridiculous. Even I can do big walls on bitstamp. I feel like I'm a rich whale or something
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ask not what the market should do for you but what you can do to foster a bigger market. Law of Averages does the rest
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wouldn't that be the case with any currency?
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But why on earth should we give up on high and reliable liquidity before we have to?
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How much of that is zero-fee algorithmic trading in China, before the authorities stepped in and increased KYC requirements?
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Your compelling use cases only involve financially well off users. Remember Satoshi's genesis block text message?
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