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Worse yet, they select for weak hands. You can think of an $IRON holder as a depositor--they are *forgoing the opportunity cost of holding any other asset or currency to hold $IRON.*
The type of person who apes into an 8-figure APY farm will just as quickly run for the exits.
Attack on Titan.
Iron F...
@jonwu_ on Twitter
The profit, called carried interest or carry, where one-fifth profits were shared, has evolved from the time of Phoenicians, who in the year 1200 CE commanded 20 percent of profits earned from trade and shipping merchandise.
The Business of Venture Capital
Mahendra Ramsinghani
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