Here’s my high-level explanation of the FTX crash. Imagine that I own a house and I create a million coins representing the value of the house. I give half of the coins to my wife. I then sell one of my coins to my wife for $10. Now the house has a nominal value of […]

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Comments This definitely makes more sense than Tyler's posts on the ... by Pipsterate * An excellent run down. Very clarifying. by Becker * “Imagine that I own a house and I create a million coins ... by Divorced guy Related Stories Africa’s Megalopolis * Can AI make crypto safer? * The Anti-Promethean Backlash