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The space relies on obfuscation in technical and financial complexity to lure in folks who don't know better. This dynamic is causing significant harm to indivi
by arcticbull 4y ago
The space relies on obfuscation in technical and financial complexity to lure in folks who don't know better. This dynamic is causing significant harm to individuals, and meaningful misallocation of capital within the economy.
It's a bottle imp. [1] While it is fundamentally worthless, it relies on irrationality to create price in lieu.
[1] https://en.wikipedia.org/wiki/The_Bottle_Imp https://en.wikipedia.org/wiki/The_Bottle_Imp