@chamath "Value is transferred to randoms and it makes no sense." Spoken like a true investor class. It's gross when you see how these people try to keep things unfair.
Bitcoin is monetizing time arbitrage. Those who have a short-term horizon are scared away by volatility bursts or bored by temporary sideways plateaus. Those who have a long-term horizon accumulate purchasing power.
SEC, since the media meltdown about “Best Teams”
❌ Tennessee blown out by Ohio State
❌ Georgia lost by 13 to Notre Dame
❌ “Snub” Alabama lost to Michigan’s backups
❌ “Snub” South Carolina lost to Illinois