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Users need a reason to hold a local token before merchants have a reason to accept it. Merchants need enough users and liquidity before accepting it becomes worthwhile. Liquidity providers need enough trading activity to make money, but more trading activity requires more users, restarting the cycle.
We haven't written up this one. TechCabal has the full story — the link below goes straight to it.
TOP STORY: Swiss M&A activity has rebounded sharply this year, but private equity firms are capturing a smaller share of transactions as cash-rich corporate buyers become more aggressive in the…
Great links, images, and reading from Chartbook Newsletter by Adam Tooze
Key PointsApple has a great compounding business, and the new iPhone Duo should be a growth driver.
Australia-listed land-lease community operator Ingenia Communities Group has rejected an improved AUD2.06bn (€1.47bn) cash takeover proposal from private equity firm Warburg Pincus, saying the offer…
