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