Exodus from the blockchain

Economists were baffled. This was a commodity with no possibility of a market whatsoever. It was simply impossible for a market to exist – at any point in time, simply using it would confer greater value than exchanging it ever would. Trading it would always be a net loss, regardless of time, place or circumstance

This is not to say it was worthless. Far from it. It’s just that its utility is of such magnitude that no monetary boon, favor or extracurricular recompense could compete with simply putting it to immediate use. There were simply never any reason to exchange it, ever, much to the chagrin of those ideologically committed to letting market forces dictate distribution. One can not force a market into being when there are no conditions for it

If only, a noted ideologue lamented, there were some theory that could explain this strange anomaly, in such a way that we could understand its implications

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