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The Collapse of LUNA & UST and the Vulnerability in Crypto | Nathaniel Whittemore
Hidden Forces
The Use of the Token or the Coin to Rake Capital Has Been Negative
i think that the, by en large, the use of the token or the coin to raise capital for the project has actually been net negative. And so i think that that has actually not been beneficial. There's one part which i just want to kint to put a pin in, which is the two sides of the coin, of aspiration and desperation,. Where this ecosystem is filled with market participants who may feel that they don't have other opportunities elsewhere. I think ultimately why i can't get cynical about it, despite, you know, even being willing to kind of recognize so many of these faults, is the kind of positive aspirational energy that is there if you kind of peel it
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