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the biggest advantage for your favorite new perps exchange is its tolerance for legal risk. that means the most bearish thing that could happen to it is legalization
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crypto is speedrunning finance (it only took 15 years for the industry to realize that making money is good)
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the rise of revenue-generating applications is terrible for the crypto venture class because the good ones become very profitable from very little capital. it's impossible to underwrite high multiples on these businesses
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crypto and bryan johnson are both in the business of selling charts that go up and to the right so it's no surprise they share so many customers
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in the limit how does sane crypto token regulation differ from securities regulation? besides being like 50% less onerous?
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