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Everyone, and I mean literally everyone, I talk to is up money on Uniswap, a minimum of 2x. How can everyone win? Who are we taking the money from?

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SBF

@SBF_FTX

Replying to

@NaniXBT

When prices go up, people net win because the world is net long. When new coins are minted, *if you treat their current price as fair*, then they went up a _lot_ (from 0), and all of that price increase is net gain that can be split between users.

8:34 AM · Sep 28, 2020Twitter Web App

Replying to

and

this can also create a food chain -- one person makes money by minting a coin, another buys early and sells later, a third arbs the second for a few bps, ... and they end up splitting the total market cap of the newly minted coin

Replying to

and

yep, until some people from this world decided to realize their gains on people from "out of this world".