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@CornOnCrypto @josephdelong the "below minimum wage" part is crucial. the most overvalued web2 startups (like the most overvalued web3 startups) are just doing regulatory arbitrage and endrunning securities law, labor law, trade law, etc.Permalink On twitter.com
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@CornOnCrypto @josephdelong the assumption that they'll make trillions before those slow-witted regulators catch up is priced in. a pretty tendentious political assumption to make economic decisions on, if you ask me.On twitter.com