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Cryptocurrency

Programming Throwdown

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The Double Auction Kind of Self Regulates

The price is the last successful transaction amount, that's right, ye? I mean, thedok to with thatttat the price at which we last knew the a transaction took place. And therefore somebody agree, two parties agreed that the value was that right exactly. So in this way, the double auction kind of self heals, itself regulates. Nobody really knows what the price should be, but it's, it's this dynamical system that's constantly adopting.

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