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Bonus: The Crypto Story by Matt Levine - Part 6

Bloomberg Crypto

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The Greatest Cryptocurrency Protocols

Olympus Dow offered yields of 7,000% and was worth $3 billion. It's the future of money because as long as everyone keeps buying, it will keep going up. In traditional finance, people devote their careers to finding arbitrages in which they can buy something at a low price and instantly sell the same thing at a high price. There are new enough that pricing anomalies exist but efficient enough that everything happens visibly on a virtual public code.

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