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RE: Join me in flagging @haejin - 46k in ABUSE REWARDS

in #steem7 years ago

The content is worth it OBVIOUSLY. You guys are terrible. This man wants to do nothing but help. You are down voting him because people like him, not because his content is poor. SHAME

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That's not how price discovery works.

Obviously it is.

Actually, price discovery involves haggling. You can't just have a bunch of asking prices without bids. Otherwise, the price runs away to high heaven. The asks and bids meet in the middle and you have an agreed price.

Likewise, if you just had bids alone, the price would collapse to zero. You don't want that either. Combined, you reach an equilibrium.