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A sceptic’s guide to crypto: bonus interview with a16z’s Chris Dixon

FT Tech Tonic

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Theorems and Ethereum Super Computers

Theoriem is a giant computer in the cloud that is owned by nobody. It does charge what are called gas fees, which essentially means you pay to use it. And so as ha system gets more popular, people are required to pay to using it. That money, that's thets, and that sort of i revenue, is given back toto,. the holders of that token called ether. So they're essentially making a bet that computer will get more popular.

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