
Tokenomics #9 The Collapse of the Terra Ecosystem Explained
Deconstructor of Fun
00:00
Seniorage
Seniorage is basically the same way that our fiat system works, in that em money is created out of thin air. O need to pay your old oil bills n in us Dollars. The govern has monopoly on violence. Basically, you have to use this coin in our payment system. But for you, i see that's obviously not the case. So i think overtime and things got a little bit out of hands, because you can do this in smaller quantities and doses. And biske anchor was just used to lock us t in the protoco ad. Very successful, until people started withdrawing it,.Basicallys jest anges may be adding to thatmabe quik taxonom on
Transcript
Play full episode