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2min chapter
Understanding crypto
The New Bazaar
Cryptocurrency
Decision making under constraints is very hard, and it's why these kinds of systems exist. A harder to do when you've raised 25 or 50 million dollars to try to do something. What crypto is struggling with in a lot of these cases is pure community management. It's like it's a bunch of unmode ted forums, and everyone's going wild. Theres no on principles, there's no deal breake,. There's no mechanism for accountability. And what do you do? You just shut down the forum.
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