[Chugalug] A comment on the Bitcoin .. fraud

Stephen Kraus ub3ratl4sf00 at gmail.com
Mon Apr 15 17:11:45 UTC 2013


Well economics is difficult to predict because while it is a system, its a
very chaotic system which changes quickly from day to day and variables
come and go. But if you step back from the crowd, even chaos has patterns
that can be recognized and described.

Even a mosh pit has a patter and system.


On Mon, Apr 15, 2013 at 1:03 PM, Dan Lyke <danlyke at flutterby.com> wrote:

> 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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