This is spot on, not every transaction is a zero sum extraction event…
It’s hard to envision a world where the crypto ecosystem as whole continues to grow when CT not only doesn’t want to see people other than themselves make money, they publicly blast anyone that does.
Time to have an honest conversation about “extraction”
There’s a lot of dummies on this website that seem to think businesses making money = “extraction”
Question for all of said ppl - where exactly are the businesses going to make money other than providing services that people are willing to pay for?
Do we call McDonald’s selling hamburgers to hungry people extraction? No.
Do we call Pudgy selling plushies in Walmart extraction? No.
Do we call Hyperliquid making insane daily fees on bad perps traders extraction? No.
Do we call ico making money from infofi posting about Polkadot or any number of other projects extraction? No.
Do we call Disney making a movie and charging people to go see it extraction? No.
Do we call Nintendo making a video game and charging people to play it extraction? No.
So why, oh why, do we seem incapable of understanding that projects and teams that produce *entertainment* products are wholly within their rights to sell access or take fees without labelling it as “max extraction”?
I genuinely do not understand how some of your brains work.
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