2) If you understand that the crypto innovation is that it’s a stock in an asset

2) If you understand that the crypto innovation is that it’s a stock in an asset-less, unbacked, uninsured corporation(technically a voluntary partnership) that it’s relatively difficult to steal shares from, and as such a divisible share of token money, you can predict behavior.


Source date (UTC): 2022-01-21 17:58:37 UTC

Original post: https://twitter.com/i/web/status/1484586242255704065

Replying to: https://twitter.com/i/web/status/1484586239055462401


IN REPLY TO:

Unknown author

1) My concern with crypto over the past decade is that discourse on crypto is not based on first principles of monetary instruments, and instead on sophistic and pseudoscientific analogy with extraordinary bias. I’ve been criticized for truthiness – but I was correct #cryptocrash

Original post: https://x.com/i/web/status/1484586239055462401

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