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One thing I like about crypto is you can simulate economics experiments with funny money online. Ponzi Scheme? There are plenty of these going on. Want to inves
by reidjs 5y ago
One thing I like about crypto is you can simulate economics experiments with funny money online. Ponzi Scheme? There are plenty of these going on. Want to investigate Harberger's triangle/deadweight tax loss? Create a small game. Prediction markets? See auger.
As long as you approach it from the perspective of 'this money is probably worthless' it's all just a fun learning experience about economic theory.
The only problem is some people "invest" more than they are comfortable losing. And that causes some tragedy.