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Update financial-perpetual-motion-machine.md 

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@ -8,7 +8,7 @@ aliases: notes/financial-perpetual-motion-machine.md
*Does crypto technology “magic” allow it to transcend the principles of economics?*
# Update December 2022
# Update November 2022
Since this post was written, FTX, one of the worlds largest crypto exchanges, has controversially and spectacularly [collapsed](/notes/post-ftx-collapse.md). This provides yet more compelling evidence that the crypto boom was the result of a financial bubble, rather than a magical perpetual motion machine.