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Re: Jason Coombs post# 6206

Monday, 04/19/2021 2:27:59 AM

Monday, April 19, 2021 2:27:59 AM

Post# of 6440
Cryptoeconomics is a mystery. Even after accumulating substantial wealth as prices climbed, people I know have just lost almost all of their money because of a price decline they didn't see coming.

Price discovery in free markets should never be based on finding out who made the mistake of using margin leverage for their long-term holdings and transferring their formerly-profitable assets to others in a forced sale.

We can do better than making everything in the economy into a casino. Cryptoeconomics allows us to make new rules and to solve such problems.

A friendly reminder to crypto market perma-bear Peter Schiff: