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stcredzero
on April 3, 2013
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Bitcoin’s Rise: What If It Is Not A Bubble?
> Historically, the ability to short-sell a commodity has never been a requirement for efficient price discovery
Can someone clarify or refute this?
rrrrtttt
on April 3, 2013
[–]
Banning short selling removes the profit motive from price discovery. So maybe the price will eventually reach the equilibrium point, but it would be much slower.
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Can someone clarify or refute this?