"I think cypherpunks underestimated the casino use case with rug-pull incentive." —Adam Back

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hahaha yeah - don't underestimate humans' capacity to underestimate stuff

Oddly we ALSO have a capacity to overestimate the unknown - example: the Germans in WWII VASTLY overestimated the capabilities of the UK secret service...

💯

Spam is the example on how human nature tends to broke every working thing just for fun.

I read today that rug pulling is the road to hyper bitcoinization.

I can’t tell you how many people lost their pants this cycle to grifters (insiders with high extraction rates draining liquidity) and have finally grasped counterparty risk.

Newly minted maxis.