Add up all the different buyers' and sellers' guesses about the future of oil (incorporating diffuse knowledge about damage to infrastructure, capacity to rebuild, and intentions of the actors) and (we're told) we'll get a number that accurately reflects the real situation.
And, unlike Pagerank, this number can't be manipulated by flooding the system with spurious, self-serving inputs. If you want to move this price, you have to buy or sell something, which costs money.
13/
Cory Doctorow
npub1yx…75qvv
2026-03-24 11:23:11 UTC
in reply to nevent1q…szeh
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npub1yxzkmtuyctjw2pffp6e9uvyrkp29hrqra2tm3xp3z9707z06muxsg75qvvSeen on
wss://relay.ditto.pubPublished at
2026-03-24 11:23:11 UTCEvent JSON
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