@74EagleScout76 @MrFireGamez1 The failed Benedetti Treaty of 1866.
It's down only from that point for Europe. Set the path for the WW1 / WW2 European suicide. No recovery possible now. It was a one way path.
@SchalkDormehl@RyanSAdams Except anyone can stake their eth. One of the main problem is, it's not easier and safer to stake without having to pay intermediaries.
@Evan_ss6@TheShortBear It just needs to be more useable and more sustainable than Bitcoin to win in the end. Which is exactly what is doing. Just not reflected in the price yet
The TAM of a digital bearer assets with minimum / neutralized inflation is orders of magnitude higher.
People are impatient
@MusialaEra More importantly France has probably more french born players playing for other national teams than all other teams combined.
All the north Africans and french speaking west African teams are filled with french born players.
@leflamand9@TomaszFroelich Relax the time to save Europe was 100 years ago. You are all literally a century late. Germany, France and the UK are equally responsible for that fact.
Now you are all rearranging the deck on Twitter on a Titanic that is already 3/4 sank...
@koeppelmann@ErikVoorhees It's the timeframe you look at that matters. Erik is right over the long-term.
And socialization can also be better done in a decentralized way eventually.
In crypto and defi (ie in honest markets), when a component fails, those closest to the component—whether wildly negligent or innocent victim—suffer the loss, and are burdened with that responsibility. Unequal, but proper.
In tradfi and banking (ie in coercively manipulated markets), when a component fails, the entire society is forced under the burden of its resolution. Costs are socialized. Equal, but improper.
The former, with time, becomes self-correcting, self-improving, and crucially, retains vitality. The latter, regardless of time, becomes stagnant and soulless, and here everyone can wallow in an equivalent grey.
Any man of agency should prefer the former, taking care over that to which he is proximate. It is from this that the virtue of markets emerges.