Davide
@0xdavide
❌📈When you read around "$XRP at 200$" or "X platform guarantees 10% per week" stay away because there is no infinite money! We often talk about "compound interest", "exponential growth" and "crazy prices" but always remember the well-known example of the "rice chessboard"! A merchant went to the King to show him a game he had invented: it was the game of chess. The King, intrigued, started playing and had a lot of fun. As a form of gratitude, the King asked his guest what he wanted as a gift. The merchant replied that he would be satisfied with receiving 1 grain of rice on the first square of the chessboard, 2 grains on the second, 4 grains on the third, etc. and so on up to the 64th square that completed the chessboard. The King, amazed by such modesty, ordered his officials to immediately satisfy the merchant's request.
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Davide
@0xdavide
✦Internet Speed: the increase in speed meets the physical limits of fiber optic infrastructure and transmission protocols. ✦Subprime mortgage crisis (2008): easy credit fueled an exponential growth in loans, until the system collapsed. ✦Aircraft speed: at some point it collided with the physical limits of the aircraft: limited number of seats and fuel consumption (making the expense unsustainable). ✦Oil extraction: production grows exponentially until extraction costs exceed profits.
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