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ThickAsThieves: i just think your gloom and doom is misplaced or at least disproportionate
ThickAsThieves: the easiest would be an index fund, where i actually buy 1 of each stock and sell them as 1 index unti
ThickAsThieves: how does an index stock handle value when new assets are listed/de-listed?
ThickAsThieves: or is he simply too worried about flash crashes and such
ThickAsThieves: so if more backing bonds were purchased, might he lower prices?
ThickAsThieves: is maybe his own analysis says that lower prices are too risky
ThickAsThieves: he didnt wanna change the algo when he was losing money
ThickAsThieves: i think that reason is just an extension of one of two possible real reasons
ThickAsThieves: if you can properly cover your ass, and only intend to offer small amounts in mid-market
ThickAsThieves: i dont think time decay is built in but its possible his volatility portion of the algo outweights it
ThickAsThieves: but it's quite interesting to me that no one else does
ThickAsThieves: so you don't see bitcoin as a the populous currency of the future?
ThickAsThieves: you are saying my complaint is, damn the dollar is worth too much today
ThickAsThieves: but when i must pay my bills and buy things not available in btc, I then look to the exchange rate
ThickAsThieves: i still can't make the jump to fiat value being irrelevant