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Honestly sounds ridiculous until you look at some modern markets.

It is ridiculous, @denlillaapan will enlighten everyone again

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meh. It's the kind of stupid Mark-Twain-quote worthy shit I'm gonna have to correct and chase down for the rest of my goddamn miserable life.

I profoundly detest every idiot voicing this "tulip" take.

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1 sat \ 2 replies \ @c6e0ccf780 29 May -10 sats

It sounds ridiculous at first, but once you look at real markets, it’s actually pretty consistent with how incentives play out.