Comment Re:He is largely correct (Score 2) 85
"Supply" and "Demand" is a child's game explanation about markets.
I will cheer for you when you win the Nobel prize in economics for proving all the experts wrong.
Comment Re:something is useless (Score 2) 85
Comment Re:He is largely correct (Score 1) 85
At least we agree on something.
You don't know how to plot supply/demand curves. You have never seen a set of supply/demand curves. Your entire comment is nonsense.
Seriously, you can educate yourself out of ignorance! Fix your ignorance!
Comment Re:He is largely correct (Score 2) 85
"Supply and Demand" as "basic economics" only works in niche cases.
Wow, another Dunning-Kruger genius who is about to win a Nobel prize in economics by proving all experts wrong.
Comment Re:He is largely correct (Score 1) 85
Nope. Econ 101 fucks up. The COST is set by supply/demand.
Dunning-Kruger is strong with you.
neither neither supply nor demand is necessarily generated by need.
This shows your ignorance. You live in a parallel universe called "ignorance." There are two curves, a supply curve and a demand curve. Where they cross is the price.
Comment Re:He is largely correct (Score 1) 85
Only because no one has figured out how to force you to pay for it.
If someone forces you to pay for something, it's a distorted market. That's a different scenario.
Comment Re:something is useless (Score 4, Funny) 85
Comment Re:something is useless (Score 1) 85
So there's not a lot of hope that Trump will push Bitcoin up to $250k anymore. Wouldn't surprise me if it settled around $45k (based on organic use of legal and illegal money transfers).
Comment Re:He is largely correct (Score 0) 85
Having no intrinsic value means there is no floor to its value, unlike gold which at least exists physically has some uses.
Having intrinsic value does not mean there is a floor to its value. The value is set by demand and supply (ie, how much is available and how much people are willing to pay for that).
For example, air is arguably the most valuable thing we can possess, far more important than gold or even water. Yet, I will not pay a single cent for it because it is so abundant. I don't need to pay for it.
(You might consider watching some youtube videos about economics or something, solidify your understanding so you don't write stupid things.)
Comment Re:Volvo but not Polestar? (Score 1) 113
Comment Re:Shows you what they were thinking (Score 1) 94
The layoffs have ended, and "please don't quit."
Comment Re:Pony up (Score 1) 204
Northern winters are a little too chilly to be sticking my hand out the window to adjust the rearview mirror.
How often do you adjust your side mirrors? For me, it's once and then leave it there the rest of the life.
Comment British slang (Score 2) 74
Apparently "boffin" is a British slang term for a scientist/engineer. I had never heard the term, and with the word being at the beginning of the headline I thought it was a person's name. Then was confused when TFS and the Register article failed to tell me who they were.
Comment Nostradamus predicts... (Score 1) 14
Users would not wager money, and the app would probably rely on a video game-like points system instead, one person said, though the company had not ruled out the eventual use of real money betting.
... The effort, which insiders characterized as experimental but a top priority...
If it's a "top priority" the end goal is 100% to make this a real-money betting business to leverage the Facebook/Instagram userbase to create a racket the same as Kalshi. They will just develop a way to buy points the same way many video games have transactions for in-game currency.