The striking thing about BTC and ETH: there is no debt and no leverage. No one will lend you a Bitcoin, let alone lend two while hodling one
This is a Nash equilibrium. Defeating this particularly stupid form of heat-death is a coordination problem.
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My guess is, first it has to win. But never be deceived: Bitcoin wants to eat your children. Moloch incarnate.
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@leashless will enjoy this horror framing
End of conversation
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