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Tim Tyler's avatar

Many traders are human. They willl likely discount the future by around 50% every generation. Large orgs will try to compensate - but it will still likely lead to some short-termism.

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Berder's avatar

If all you do is hold the asset without trading enough to push the price in a sustained manner, there is none of what you call "social value"; your information about the value of the asset is not available to a decision maker via the market price, because the market price has returned to the equilibrium which does not account for your info.

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