Altcoins serially take advantage of the informational and regulatory arbitrage in today's market structure.
Sadly, the individual is the market inefficiency where they derive their profit.
Arbitrage trading isn't the innovation.
#Bitcoin is the innovation.
Using energy is not bad, it's a part of life.
#Bitcoin's use of proof-of-work incentivizes clean energy.
#Bitcoin's use of proof-of-work gives the asset a production cost.
Scarcity necessitates a production cost. If money were free to create, it wouldn't have value.
@jackmallers@BusinessInsider@SBF_FTX rip all the greedy-gullible who took the bait, despite so many warnings.
@jackmallers you were not making a prediction here, you were providing a free service to the people ๐๐ค