Some books to read about ... not cryptocurrencies but the effect we have been seeing in this days

in #cryptocurrency8 years ago (edited)

I have been reading a lot... but a book that blowed my mind was one written by George Soros: "The alchemy of finance"

I have learned a lot from this book, because and in relation with cryptocurrencies Soros says: "is credit that matters, not money", that the idea in economics that an equilibrium is achievable is an ideal, and "that the participants' biases plays a causal role in historical events".

Why do i quote this ideas? Because i think that everything depends on trust. The value of cryptocurrencies, of a stock, of everything depends on trust. That is why Soros says that Credit is what matters... because you only give credit to something you trust.

And also, what matters is what people tend to think about something... for example about a currency. Do not think about a cryptocurrency but about any method you use to exchange for something else. When you receive this method is because you think you can use it again. And that is why he also says that the particpants' biases plays a causal role in historical events, because it became a self-fulfilling prophecy, where those who tend to think that a coin is much more worthy tends to make it more valuable.

I think we are living in a new exciting world, where lot's of changes are coming and we must be prepared to embrace and roll with them!

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