alt Hacker NewsWe could make the distinction between price discovery, i.e. what price are people currently willing to buy and sell at (short-term) vs value discovery (long-term).
We could make the distinction between price discovery, i.e. what price are people currently willing to buy and sell at (short-term) vs value discovery (long-term).
In the short term the market is a blockchain-enabled voting machine but in the long term it's an Elon Musk tweet-weighing machine.