Everyone knows the famous pizza story and I’ve heard many people say what idiots those people that spent that much back then with todays bitcoin values. This is wrong.

The early adopters were not stupid and knew what they had. But they also knew you needed to sacrifice and spend to gain traction in crypto adoption.

Of course people that used bitcoin for Expedia travel when it was available would rather not think of the price of those ‘Economy’ seats. But it was important for adoption and a sacrifice. Ultimates it was a worthy sacrifice as their nags now have serious value.

Now, with impermanent loss and the extra effort of putting up and managing liquidity pools we have another group putting the ultimate goal ahead of immediate gratification and profit. That’s it, not all heroes have capes but some do provide liquidity.

TLDR: Liquidity providers: Thank you. Your risk and sacrifice is recognised and greatly appreciated