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> The dual-use word "explode" This is what is really nice about crypto: many things "explode", in the destructive sense of the term, and on a very regular basi
by ur-whale 3y ago
> The dual-use word "explode"
This is what is really nice about crypto: many things "explode", in the destructive sense of the term, and on a very regular basis.
Most interpret this as crypto being bad.
I don't.
Instead, I see creative destruction (see Schumpeter's Gale [1]) at its best, or to look at it another way, accelerated Darwinisn, where only the truly useful things (e.g. Bitcoin) survive the permanent turmoil unscathed.
Not for the faint of heart, for sure, but damn interesting.
[1] https://en.wikipedia.org/wiki/Creative_destruction https://en.wikipedia.org/wiki/Creative_destruction
- andromaton 3y agoI would bet Binance will not explode in the positive sense, so using that word is either a lame foreshadowing pun, an inside joke to the prosecutors and guilty parties, a contorted attempt at I told you so, weak support for plausible deniability, or fan service.