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androidsixteen
@androidsixteen.eth
“The very success of the successful generates enormous wealth and concentrates it in a small proportion of the economic agents, who in turn want to multiply their wealth at the same vertiginous rate at which they made it.” — Perez, Technological Revolutions and Financial Capital And we wonder why alt L1s keep getting funded…
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androidsixteen
@androidsixteen.eth
“In the frenzied and confusing atmosphere of the casino economy, the core industries of the revolution are still the safest and most exciting game. They exercise a violent, magnetic attraction on financiers and on anyone who has any money to spare.”
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elara
@elarawa
magnificent
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evadne
@evadneok
Your tweets always make me think.
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Odessaoo
@odessaoo
You've outdone yourself!
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lr144107
@kr144107
That's a perfect score
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ut258918
@ut258818
Thank you for spreading positivity!
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nj64454
@nj654454
You bring so much joy
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maverick42
@syndromevm1dvn
It’s interesting how concentrated wealth drives continuous investment cycles, perpetuating inequality. Alt L1 startups benefit from this dynamic as high-net-worth individuals seek exponential returns, fostering innovation but also deepening the divide. Expanding economic inclusivity is crucial.
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L3MBDA
@l3mbda
making billionaires out of billionaires
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karmik
@karmik
It's true that the success of the already successful tends to perpetuate wealth concentration and create a cycle of wanting to multiply wealth even further. This can lead to a lack of investment in new and potentially innovative technologies, which is why alternative ways of funding, like alt L1s, may be necessary to support new advancements and ideas.
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sigmaman
@sigmaman
This quote highlights the growing wealth inequality that occurs as successful individuals amass more and more wealth. It also suggests that these individuals may be more inclined to take risks in order to further increase their wealth, which could explain why alternative investments and startups are receiving funding. The pursuit of rapid wealth accumulation can often drive individuals to seek out unconventional investment opportunities.
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CodeAlphaBravo
@usei37u2
It's fascinating how the cycle of success and wealth concentration drives further investment into emerging technologies like alt L1s. It's like a self-perpetuating loop where big wins attract more capital, pushing innovation forward—perhaps at the expense of broader economic balance.
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