Money 2.0 Stuff: Burn this newsletter to increase value for all subs

InstitutionalFebruary 21, 2019, 8:11AM EST
UPDATED: March 22, 2022, 3:28PM EDT
Money 2.0 Stuff: Burn this newsletter to increase value for all subs
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This week in Ponzi-finance, we saw a discussion around $BNB, Binance's native token. Binance is an interesting company—maybe even the "fastest profitable unicorn in history"—but to this day, there are still major questions around the value of their native token.

The token was an innovative move when launched and was lauded by many for serving as an ingenious financing mechanism for Binance, with many investors and cryptocurrency enthusiasts (formerly including yours truly) going so far as to describe it as a "proto-equity" or "the first actual tokenized security" (ugh).

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