^This is a really important and I completely missed this. It’s similar to how the winner of an auction tends to be the type of person who mistakenly spends more than the item was worth to them (or anyone). The most visible EAs (billionaires) could be the winners in a game with massive net loss overall. Crypto is exactly that kind of thing.
^This is a really important and I completely missed this. It’s similar to how the winner of an auction tends to be the type of person who mistakenly spends more than the item was worth to them (or anyone). The most visible EAs (billionaires) could be the winners in a game with massive net loss overall. Crypto is exactly that kind of thing.