One take I often see on this app is the idea that crypto is zero sum.
"If one person makes money that means someone else is losing money."
This is totally not the case though... the industry is growing at 120% per year, its like the least zero sum sector in history...
1/x
"If one person makes money that means someone else is losing money."
This is totally not the case though... the industry is growing at 120% per year, its like the least zero sum sector in history...
1/x
I guess if you're just explicitly focused on trading vaporware it might be zero sum...
and certainly there are thing to be cynical about...
but overall its a legit flowering of insane creativity and value creation...
2/x
and certainly there are thing to be cynical about...
but overall its a legit flowering of insane creativity and value creation...
2/x
At the very least its a superior form of financial plumbing, and should continue growing as a result.
But human creation is not zero sum.
The idea that "value is only created by exploiting labor or the environment" is wrong.
3/x
But human creation is not zero sum.
The idea that "value is only created by exploiting labor or the environment" is wrong.
3/x
If one person creates an invention or writes a book and I pay them for that, its literally creating value from thin air.
The pie is not finite. It can be ever-expanding. Its only limited by our own creativity and hard work and imagination.
4/x
The pie is not finite. It can be ever-expanding. Its only limited by our own creativity and hard work and imagination.
4/x
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