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economics 

At what point in the lifetime of a finite issue cryptocurrency do you get a cabal of like 100 hodlers just sitting on 98% of it, each theoretically having billions of dollars worth of it, but would crash the thing if they sold 1% of what they have because demand is only measured on the margin, so basically none of those billions actually exists

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economics 

@faun You are partially describing the cause of economic stagnation in the age of gold standard and robber barons in the US. The hoarding of wealth during times of economic downturn with no lever to influence monetary supply is what made the Great Depression (the recessions before it) terrible

economics 

@dualhammers One of my dreams is to get people to a level of fluency with decision entanglement and monetary systems where we can chart the game in situations like this as a resolvable political issue.

I don't think most of the stakeholders here are acting in their own interest? They just don't comprehend what they're doing. Miners probably know, but the power to end this isn't exclusively held by the miners.

economics 

@dualhammers I feel like right now.. people don't even want to know when they're sitting on a bubble, they don't realize they wont be one of the winners.

economics 

@faun Not just they dont want to know. Many are being actively misled either by people who do not understand but see themseleves as experts or people actively grifting

economics 

@neauoire make a coin where the issuance is 1000000000001000 coins, but 1000000000000000 coins are held by Coins Georg, an account which is proven to be beyond the control of anyone, doesn't do anything, only holds. The market cap of the coin would be thousands of trillions even if the trading volume is small.

economics 

@faun put it on a disk, cast it into the sun.

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Merveilles is a community project aimed at the establishment of new ways of speaking, seeing and organizing information — A culture that seeks augmentation through the arts of engineering and design. A warm welcome to any like-minded people who feel these ideals resonate with them.