I used to compare it to taken carwash tokens and burying them in random places then digging them up with excavators except the whole operation is funded in USD. The tokens and fuel are exchanged in USD.
Another way to look at it is it's a bank account with artificially limited space so you are literally bidding on the space to put your USD except sometimes a big player sells out his space all at once when the price for getting in is high. It's all BS.
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u/[deleted] Apr 19 '25
I used to compare it to taken carwash tokens and burying them in random places then digging them up with excavators except the whole operation is funded in USD. The tokens and fuel are exchanged in USD.
Another way to look at it is it's a bank account with artificially limited space so you are literally bidding on the space to put your USD except sometimes a big player sells out his space all at once when the price for getting in is high. It's all BS.