A friendly reminder that crypto is negative-sum. If everyone who has taken money out returns it to everyone who has put money in, then there's a net loss.
Why? Because money was taken out to pay the electric companies for mining, to the tune of 10-20Bn so far.
Has that money generated real returns anywhere? Nope. Nothing was manufactured, created, or improved.
The sum is negative. All past and present holders of crypto, on net, are down 20bn -- and havent yet realised it.
Why? Because money was taken out to pay the electric companies for mining, to the tune of 10-20Bn so far.
Has that money generated real returns anywhere? Nope. Nothing was manufactured, created, or improved.
The sum is negative. All past and present holders of crypto, on net, are down 20bn -- and havent yet realised it.