This is... a remarkably concise summary of why most crypto projects are bullshit: stephendiehl.com/blog/nothing-

One of many things that continues to boggle my mind is that investors are shoveling millions and millions of dollars into "decentralized finance" projects which can't process more than a dozen transactions per second, when existing financial systems *at a single company* execute literally millions of trades per second at a tiny fraction of the cost. How are DeFi exchanges going to compete?

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@aphyr wow

At this point pretty much every economist worth their weight in salt

so if i was an economist, i'd be worth about 93€

(unless you bulk buy me, which would be a more... economic choice)

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