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Mark_Friedenbach comments on Look for the Next Tech Gold Rush? - Less Wrong Discussion

34 Post author: Wei_Dai 19 July 2014 10:08AM

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Comment author: David_Gerard 20 July 2014 12:15:30PM *  0 points [-]

The interesting bit is the one where the market failed to work: we now know the Mt Gox price was hideously corrupted (and the tape-painting was long visible right there in the blockchain), but the other exchanges closely tracked the bogus Mt Gox price.

So look for an inefficient market as an opportunity.

Comment author: [deleted] 20 July 2014 02:56:06PM 0 points [-]

Bogus mtgox price? It was Chinese exchanges that were driving that runup, and mtgox following.