Luke Burgis | Layer Zero
Bankless
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Mimetic Desire in Crypto Markets
This chapter explores the influence of mimetic desire on the evolution of NFTs and the cryptocurrency market. The speakers analyze the patterns of rivalry and competition among market participants, emphasizing how awareness of these social dynamics can foster ironic detachment and drive risky behaviors. Key topics include the cycles of market rallies, the psychology of leveraging investments, and the importance of focusing on long-term value rather than succumbing to speculative temptations.
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