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.
2minutebitcoin
npub1p6…9ej3v
2023-04-26 20:01:21
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-04-26 20:01:21Event JSON
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"content": "Volatility in truly decentralized is to be expected.\nIt is only the monopolized sectors that lack volatility - because it takes a handful of actors’ decisions to stop the volatility.\nThis 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)\n\nMonopolized, non-free market sectors don’t have volatility.",
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}