[Chugalug] A comment on the Bitcoin .. fraud

Dan Lyke danlyke at flutterby.com
Mon Apr 15 17:03:09 UTC 2013


On Mon, Apr 15, 2013 at 10:00 AM, Stephen Kraus <ub3ratl4sf00 at gmail.com> wrote:
> Well in economics you have the ability to change values to influence the
> system doesn't exactly invalidate the results.

One of the problems with economics is that the measurement very
clearly changes the system. Knowledge about how the market works is
integrated back into the market extremely quickly, which means that
it's only knowledge about how the market works as long as it isn't
disclosed.

Dan


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