[dba-Tech] Bitcoins

 "naive as communism" - used as oxymoron here?

-- Shamil

Среда, 10 апреля 2013, 18:15 -07:00 от Hans-Christian Andersen <hans.andersen at phulse.com>:
>I doubt it. It's human group psychology (herd mentality). If enough people are dumping something, suddenly fear and uncertainty sets in and everyone starts dumping it, even if there is no rational reason to.
>
>If everyone is expecting something to crash, then it becomes a self fulfilling prophecy. The opposite is true.
>
>I'm willing to bet that, if we saw a big group of people running frantically in one direction, most of us would look around for a moment and blink, and then join them even if you didn't see anything, because you would assume the others have knowledge of something that you do not.
>
>Which is why you need regulations and why those libertarian ideals of pure market capitalism and such are as naive as communism was.
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>Humans are not rational beings.
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>
>- Hans
>
>
>On 2013-04-10, at 5:32 PM, "Rocky Smolin" < rockysmolin at bchacc.com > wrote:
>
>> What would cause anything - stock, bond, currency, commodity, collectible -
>> anything, to go from 15 to 250 in three months.  IME, only two things -
>> feverish speculation and manipulation.  IME, nothing fundamental would ever
>> cause that.  Given the nature of bitcoin - unregulated, no real assets
>> behind it really - I suspect a combination of the two with the emphasis on
>> manipulation.  It smells of a 'pump and dump' scheme.
>> 
>> 
>> R
>> 
>> 
>> -----Original Message-----
>> From:  dba-tech-bounces at databaseadvisors.com
>> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Hans-Christian
>> Andersen
>> Sent: Wednesday, April 10, 2013 3:53 PM
>> To: Discussion of Hardware and Software issues
>> Subject: Re: [dba-Tech] Bitcoins
>> 
>>  http://www.businessinsider.com/bitcoin-plunges-2013-4
>> 
>> Lol
>> 
>> - Hans
>> 
<<< skipped >>>
>