[ExI] [mta] Re: "Crypto Coin Law" vs "Law of the Crypto Coin"?

[Gordon]

Brent Allsop <brent.allsop at canonizer.com> wrote:


> So are you and James saying that it isn't possible for very intelligent people to have real rational ways of seeing something, like a particular investment, is a sure thing...

I can't speak for James, but I am saying that no rational investor believes in sure things. Naive, gullible, unsophisticated investors do.

> You're only saying that because there has never been a sure financial bet before now!  


I'm saying it because I know a little bit about how investments in commodities work, and bitcoin is just another commodity. It is unique, yes, but there is nothing about its uniqueness that suggests it should not act like any other commodity.

It is something like a newly discovered precious metal, (digitally simulated), and one that lends itself to commercial transactions and thus might become widely accepted as a currency. I know something about how precious metals and currency markets work. They don't work according to anything like a "Moore's Law."

I mentioned in a recent post which was mostly ignored that I was intrigued by how Bitcoin's recent price action seemed to have been inversely correlated with the DXY index, which is an index of the USD vs. a basket of currencies of major US trading partners. I wonder if you understood a single word I said, and why it might be important.


Gordon
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