From the New World cover image

Manny Rinconcruz - A Tornado of Cash, An Earthquake of Crackdowns, and a Drought of Courage

From the New World

CHAPTER

The Unintended Consequences of Cryptocurrency

i think that equity is a terrible way of financing a infstructure, but it's a great way of financing commercialization and then later industrialization. So we don't actually see the real kind of valuable use case for equities for a while, um, so i think that's kind of this unintended consequence. I like to think about crypto as just another case of,. um, this process of evolutionary differentiation. And then you have some sort of selection process that weeds out the sers and gives you the truly valuable stuff. The valuable stuff is usually stuff that you didn't anticipate, because if you could anticipate it, you would have already done it through intelligence, mine or something.

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