GM to everyone who is on the other side of that trade. (Image via @nick)

Benevolent internet pseudonym. AKA @boredelonmusk elsewhere. Founder of EDISON and proprietor of fun. https://edison.wtf/


This is only the case if it’s a 0 sum game, which it’s not.

disappointed to see naval make such a common error. tokens work just like equity ownership in a business; a startup can be worth a billion dollars without a billion dollars changing hands. why is this so hard to understand?

I’m your exit liquidity. Literally I have LPs in Uniswap and Aerodrome, you’re welcome.

It’s something worth considering tbh. If their is no incentive for everyone to keep their 10k balance once the allowance no longer exists we could see a mass exodus and price collapse.