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Cryptoeconomics is a mystery. Even after accumulating substantial

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Jason Coombs   Monday, 04/19/21 02:27:59 AM
Re: Jason Coombs post# 6206
Post # of 6229 
Cryptoeconomics is a mystery. Even after accumulating substantial wealth as prices climbed, people I know have just lost almost all of their money because of a price decline they didn't see coming.

Price discovery in free markets should never be based on finding out who made the mistake of using margin leverage for their long-term holdings and transferring their formerly-profitable assets to others in a forced sale.

We can do better than making everything in the economy into a casino. Cryptoeconomics allows us to make new rules and to solve such problems.

A friendly reminder to crypto market perma-bear Peter Schiff:

https://twitter.com/jasoncoombsceo/status/1383855323262320645


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