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If it's any consolation I expect that a significant portion of the "billions" they're talking about simply never existed. E.g. I print a trillion tokens, keep
by nullc 4y ago
If it's any consolation I expect that a significant portion of the "billions" they're talking about simply never existed.
E.g. I print a trillion tokens, keep most in my pocket but give out some chunks to friends and put a few percent on the open market. They trade on the open market for $1 and tada I'm a trillionaire. The token price crashes and now my friends have lost billions.
But it was all just a mirage.
There are real losses in that example-- the suckers that bought the tokens for $1 on the market-- but they may be tiny compared to the numbers being discussed.