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Comment Re:He is largely correct (Score 1) 49

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:something is useless (Score 1) 49

Buy on rumor, sell on news. Bitcoin went up to $120k on the hope the Trump would do things to increase the value (if he did everything people wanted him to do, Bitcoin could have reasonably gone to $250k). The strategic bitcoin reserve was an effort by Trump that showed in fact he was not going to do everything people wanted him to do.

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) 49

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:ok cool (Score 2, Insightful) 150

There are some people who just can't be rehabilitated.

No that is too strong a claim. The best you can say is, "There are people we don't know how to rehabilitate."

Our understanding of the brain and psychology is so weak that over the next century or so, our knowledge is going to increase dramatically. Not long ago, people were seriously doing lobotomies (there's an argument to be made that we are still doing it today, but with chemicals. Certainly our understanding and treatment of ADHD will improve dramatically in the future, and what we do now will seem archaic if not barbaric).

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