juraj on Nostr: Often with emergent phenomena, we can't really tell why exactly something happened, ...
Often with emergent phenomena, we can't really tell why exactly something happened, in a level of detail.
Why did Bitcoin trade at a certain price yesterday? There are many inputs coming to this, but real answer is that supply and demand met at a certain price. Everything else is guesswork and storytelling. There might be some truth to it, but it still only is a tiny thing that influenced the price. The price in this case is the information. That's the output of the inquiry, yet people still seek stories.
Why did Bitcoin trade at a certain price yesterday? There are many inputs coming to this, but real answer is that supply and demand met at a certain price. Everything else is guesswork and storytelling. There might be some truth to it, but it still only is a tiny thing that influenced the price. The price in this case is the information. That's the output of the inquiry, yet people still seek stories.