I’m not arguing that speculators create things
Discussion
🤷♂️ his original post was about adding value
i don’t know what your arguing then.
Made my point in my initial response
“speculators..make economic progress possible”
“not arguing speculators create things”
whatever meaning you are assigning to these words is incoherent.
trading doesn’t create value
trading distorts true price signals
jor stated that fact without using the word speculator, and you jumped in to defend the speculator. you are having a conversation with yourself it seems.
trading doesn’t create value
i’m sorry that offends you, but it’s true
Yeah they don’t directly create physical things obviously
or indirectly
that’s what gets lost in the sauce of theory.
but to be fair to the austrians, they didn’t have bitcoin to help make these relations comprehensible.
that doesn’t take away from everything they get right. but its silly to think human beings won’t have to continue to course correct as we learn more and more