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Idan Levin 🎩
@idanlevin
The hardest part of building a functioning economy is perfecting circular economics. That's why many projects explode and then crash. Bitcoin was groundbreaking in achieving the right circular balance. It is a sort of alchemy to capture this circular movement
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spenser🪳
@spenser
Can you elaborate a bit more on what you mean by circular economy and what the ideal setup is vs common pitfalls?
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Idan Levin 🎩
@idanlevin
A circular economy has a buyer for every seller, and the presence of buyers attracts more sellers, creating even more buyers The most generic advice I can give, which may be useless: build something with potential utility that people believe in. Their belief will generate more utility Achieve this by creating something authentic that hits an exposed nerve in society
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spenser🪳
@spenser
thanks for the clarification! agreed that most crypto products lack fundamental utility or haven't reached scale where proper circular economy effects kick off building for speculators/bot farms hasnt helped either
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