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Replying to Avatar Jeff Booth

1) Prices in a free market fall to their marginal cost of production.

2) The marginal cost of production keeps falling towards zero due to technological advancements

Which means that if “your” prices are going up over time….1) it is not a free market and 2) you’re measuring from an inferior currency to Bitcoin.

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che 2y ago

I agree with you 95% of the way, I don’t think markets are 100% efficient though. So there may be some exceptions

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