EMH says the market can be beaten with exceptional information. If anyone is exceptionally informed on cryptocurrencies (in 2011, and maybe 2014), it is certainly Wei Dai.
Yeah, I think this thread gives a lot of false hope to regular people, haha. He’s basically the grandfather of bitcoin. Is it a suprise he got rich of it?
EMH says the market can be beaten with exceptional information. If anyone is exceptionally informed on cryptocurrencies (in 2011, and maybe 2014), it is certainly Wei Dai.
To be more precise, weak-form and semi-strong-form efficiency can be beaten with exceptional information. Strong-form efficiency can not.
Yeah, I think this thread gives a lot of false hope to regular people, haha. He’s basically the grandfather of bitcoin. Is it a suprise he got rich of it?