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A comment on UST Stablecoin Loses Dollar Peg. Parent comment
It relies on a continual influx (and ideally growth) of new people who do the actual work that the old, burnt out, and jaded don't want to do anymore.
Eventually, there will be a generation that puts in the work, but receives no reward in the old age because the house of cards collapses.
In my opinion, our goal as a society should be to prolong the ponzi scheme for as long as possible, ideally close to the heat death of the universe.
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It relies on a continual influx (and ideally growth) of new people who do the actual work that the old, burnt out, and jaded don't want to do anymore.
Eventually, there will be a generation that puts in the work, but receives no reward in the old age because the house of cards collapses.
In my opinion, our goal as a society should be to prolong the ponzi scheme for as long as possible, ideally close to the heat death of the universe.