Barely Understanding Bitcoin, Buyer Loses Everything
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Replying to @theseatoms @Miles_Brundage
Your model of how to buy into a bubble depends on your idea of how long it takes a system built on a small core of stupidity, a rational bet on this stupidity, and a recursive chain of subsequent rational bets on that one, to catch up with rationality.
8:04 PM - 13 Dec 2017
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