pull down to refresh
0 sats \ 8 replies \ @spiderman OP 2h \ parent \ on: Best Way to Improve Rust via Quant-Dev/Trading Projects? tech
You are a pure ball of joy, are not you?
But how come you are hanging out in this territory? I thought you go to the bitcoin territory 🤣
I am everywhere even if you do not see me.
I do not post in some territories because I DO NOT WANT TO FEED THEM.
reply
Okay, but regarding trading, you are wrong.
Traders, via their greed, bring price signal and liquidity to the market. The price signal is what makes price discovery possible. Pick up any book on market microstructure analysis, and you will see what I mean.
This has nothing to do with btc vs fiat. Price discovery is as important (or more) under a bitcoin standard as under fiat. You think the price of copper, zinc, oil or the proper derisking against their fluctuations are not important?
reply
No, are not important.
People can thrive without them. This is a wrong assumption that these speculations have something to do with capitalism. They don't. Speculation is not producing anything, just moving around fake volume of capital.
Do not get drunk with water.
There are more examples of people, producing grains and food and materials, that were fucked by these speculators on the "market"...
The price must be determined only by demand and offer, by how much a producer could produce in a year and how much demand of that product is in a year.
Not by speculators that can manipulate the price market by clicking some buttons and fuck up the producers...
I will use Bitcoin even if would be 0$. The cost in $ is meaningless.
Important is that somebody else is accepting it in exchange for other products and services.
Here is a good article from 2014
https://fee.org/articles/what-gave-bitcoin-its-value/
reply
Of course we can still use bitcoin. It has nothing to do with Bitcoin vs fiat.
The prices of wheat, corn, or copper can all be denominated in bitcoin, like kg per sats or something. But price discovery will still be not only desirable but inevitable.
reply
you are too blind to see the true path... The Force will never be with you.
I suggest you to learn more economy and read Mises before going to start that project.
reply
People van thrive without any price signal of iron, corn, wheat or whatever have you?
People can thrive without risk hedging for loan defaults from corporates or car loans?
reply
reply
Please start producing wheat or corn and let me see how you will thrive producing, when some speculator will fuck up the price of grains on the market and all you will produce is more debt...
Then say again that these traders are "good"...
reply