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by Animats
1353 days ago
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> Gains have to come from somewhere. Yes. Key concept. There were people in the crypto space who believed they'd invented financial perpetual motion. If you could run money through enough different transactions, you'd get a net gain without doing anything in the real world. That mostly went away when the entire crypto sector crashed. The "Line goes up" video[1] covers this mindset. [1] https://www.youtube.com/watch?v=YQ_xWvX1n9g |
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