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RE: EOS - "Ethereum Killer?" Near All-Time Lows Overnight - $1.20 Amid Kraken EOS/USD Delisting - Coins Worth Taking Risks On #6 - Diversify Your BTC At This All-Time High

in #eos7 years ago (edited)

Hi nandibear,

This may not be as thorough a response as you'd like, but yes, I'm quite familiar with the EMH. It's total bullshit. In fact, most modern economics is total bullshit (I have a graduate degree in econ).

Basically every single thing they teach you in economics is "ceteris parabis" or "all else equal", which is basically like EMH.

The market is demonstrably not efficient in practice, and even in perfect theory with perfectly rational actors and no collusion or cheating, I doubt it would be "perfectly efficient".

The idea that all market participants would have all information all the time and act perfectly rationally on it is straight up asinine.

The very fact Bitconnect still has a value is proof of this.