2minutebitcoin on Nostr: Volatility in truly decentralized is to be expected. It is only the monopolized ...
Volatility in truly decentralized is to be expected.
It is only the monopolized sectors that lack volatility - because it takes a handful of actors’ decisions to stop the volatility.
This is why Rockefeller originated the cartel model. Previously, while oil was a nascent industry, they’d produce too much of it whenever the price went up and that made the industry incredibly inefficient, as it flip-flopped from start/stop production. (starting/stopping Oil production is a very cumbersome and slow process even today)
Monopolized, non-free market sectors don’t have volatility.
It is only the monopolized sectors that lack volatility - because it takes a handful of actors’ decisions to stop the volatility.
This is why Rockefeller originated the cartel model. Previously, while oil was a nascent industry, they’d produce too much of it whenever the price went up and that made the industry incredibly inefficient, as it flip-flopped from start/stop production. (starting/stopping Oil production is a very cumbersome and slow process even today)
Monopolized, non-free market sectors don’t have volatility.