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7/ Which means, with truly epic irony, these currencies could get their value through (modest) inflation - ie stealing it from current cash-holders, just like central bank printing. Which is hilarious, counterintuitive, and yet flows straight from monetarist first principles.
8/ That's life on the frontier - there's so much missing, which means there's so much to build, hence the appeal to builders - of technologies & teams, but also models & ideas. And analysis lags technology, so cryptomacroeconomists have, if anything, even more work ahead. Yay!
