Was thinking about this thread on morning doggy walk. Kept t...

El Guirri
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065ea2194d026f3925189112368bc8110afdfb0d0b893134a192202c7bded835...
Was thinking about this thread on morning doggy walk. Kept thinking about Jeff Booth comment that if prices aren't dropping, you don't live in a free market. Fantastic simplicity of understanding but that surely brings up the problem in it's purest form. Bitcoin enforces the idea of rational capital allocation in a system which inherently incentivises misallocation due to debasement. The competitive marketplace in that environment is characterized by fraud more than innovation. It's bloody complicated!
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