Just had a thought about why this is powerful, especially in crypto.
In DeFi there are no GAAP standards. So most protocols lie.
Protocols report bullshit revenue numbers, where they collect x $ and and then immediately pay out 2x $, as COGS to feed the ponzi.
It's a sanity check to be able to take a share of topline revenue for buybacks and still have net income left over, even if it's small.
It shows the unit economics aren't totally upside down at least in this basic way.
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