this post was submitted on 17 Sep 2022
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Technology
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This. Here's the video, and it's absolutely worth a watch. Easy to watch in batches (it's >2h long), I watched it over a week or so. Very well argued and evidenced.
While we're at it, we need to talk about "market caps" and crypto-asset valuation. Molly White wrote a fantastic deep-dive into it. Tl;dr is: cryptocurrency valuation is inflated to high haven by what can best be described as "creative accounting". Which is to say:
Bingo.