Charles Won (aspnq)

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In fact, there are many types of consensus. Simply put, one type is vague consensus, and another is rule-based consensus. Vague consensus is usually conceptual; it's when a group believes something has value and keeps investing in it, driving its price up. This kind of increase is often rapid, like a SpaceX test rocket shooting into the sky and then, boom, crashing down to the ground.

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recast:farcaster://casts/0xbaf9385c972a51cb654a54172d65ee2188f129a3295258b17e7a1659a033d0fa

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What is consensus? In simple terms, consensus is a set of rules that is believed in by a group of people. Take Bitcoin as an example: if a group believes that 1 Bitcoin equals a certain amount of something, then Bitcoin gains value. However, this value is not stable. The group's belief that Bitcoin has value is a conceptual consensus, while differing opinions at the micro level cause fluctuations in Bitcoin's price.

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