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RE: HODLing Bitcoin From One Natural Disaster To The Next

in #bitcoin7 years ago

Price gouging literally saves lives while well-intentioned laws preventing it means goods go to lucky first-comers, meaning the worst for those who need it most, plus price signals don't tell the rest of the economy to shift activities toward relief efforts. You can't legislate away supply/demand any more than gravity. If dollar prices not allowed to move, time/rationing will, which is a far crueler response.

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I didn't say gouging should be legislated away! Just saying that under extreme conditions, gouging isn't the right thing to do from a humanitarian/moral perspective. Not everything is numbers and statistics.