For anyone who is really looking to understand how the stock market works, I would recommend picking up a copy of "Trading and Exchanges: Market Microstructure for Practitioners" by Larry Harris.
Thanks for this informative post. I currently live in the Middle East and was just about to pick these up last night - but I was under the wrong impression they were the same as European truffles.
Imagine you are paranoid and you suspect someone is deceiving you. The reality of whether or not they are actually deceiving you does not have an impact on how much pain you feel.
Alternatively, someone with a mental condition that leads them to believe they are in pain would conceivably feel the same pain as someone who is actually being physically hurt.
> If you mail a torn banknote to the Treasury they will send you a brand new one.
Torn, yes. Lost/destroyed, no. I don't think the torn analogy represents the scenario being discussed.
> And how does a fork solve anything? You can't just say, hey throw away all your existing Bitcoin, we're starting from scratch and using this new one now.
That's exactly what Ethereum did. The old one was essentially "thrown away" and became known as Ethereum Classic. A small group of people stuck with the old one, but it's not the main one we think of when we say "Ethereum" these days.
> For example, what happens when a piece of bread is worth less than 1 satoshi
That does not seem to be an imminent danger. The price of Bitcoin would have to increase literally 1.4 million times for a satoshi to be worth a penny.
> To make matters worse, if a whole bunch of flames goes up in flames more can be printed to replace it. If Bitcoin goes missing[1], it's gone for good.
Isn't that the same with paper cash? If by a "whole bunch" you mean enough to cause a worldwide issue, then there are solutions to that. Maybe not great solutions, but there are some. Worst case, a hard fork. That's essentially what led to Ethereum vs Ethereum Classic, isn't it?
Cool! I use one of your competitors, Fax Fresh. One thing I like about them is that they clearly state they delete the fax from their servers once it's sent. I couldn't find such a statement in your privacy policy (though maybe I missed it). Can you elaborate on what happens to my fax after it's sent? Is it deleted from your server?