Post
By Cory Doctorow (GPG 0xBF3D9110957E5F4C)
doctorow.pluralistic.net
did:web:pluralistic.net
Spacex is just a continuation of the logic of crypto, in which something is valuable because some people think other people will pay more for it in the future, and *not* because it does useful things:
https://johnquiggin.com/2018/02/09/bitcoin-kills-the-efficient-market-hypothesis/
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2026-06-17T18:39:10.344Z