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Update financial-perpetual-motion-machine.md 

financial-perpetual-motion-machine[s]: phrasing tweaks
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@ -61,7 +61,7 @@ Commentators have raised concerns about stablecoins in particular, describing th
“*If something were to shake confidence in stablecoins’ acceptance in the DeFi ecosystem (this ‘something’ could range from a hack, to a problem with the reserve of assets backing a stablecoin, to a problem with the smart contracts managing the value of a decentralized stablecoin), we could then expect holders to exchange their stablecoins for fiat currency and exchanges to seek redemption, forcing stablecoin issuers to start liquidating the reserve of assets backing the stablecoin, depressing the market value of those assets, and cutting off credit for the corporations in which MMFs usually invest through the commercial paper market.*”<sup>5</sup>
This fragility and extreme vulnerability to the [animal spirits](https://www.investopedia.com/terms/a/animal-spirits.asp#:~:text=%22Animal%20spirits%22%20is%20a%20term,of%20economic%20stress%20or%20uncertainty.) of investors pervades the entire crypto-economy. The core mechanism – of minting tokens with no use value and who’s market price is artificially driven by speculative hype – underpins the whole system. What might appear as a recipe for perpetual growth and financial gain in fact appears highly likely to have created a speculation fuelled bubble, with the complex token derivatives which characterize DeFi akin to castles built on foundations of sand. If this analysis is correct then not only is crypto far from a financial perpetual motion machine, but an economic time bomb.
This fragility and extreme vulnerability to the [animal spirits](https://www.investopedia.com/terms/a/animal-spirits.asp#:~:text=%22Animal%20spirits%22%20is%20a%20term,of%20economic%20stress%20or%20uncertainty.) of investors pervades the entire crypto-economy. The core mechanism – of minting tokens with no use value and who’s market price is artificially driven by speculative hype – underpins almost the whole system (with the small exception of tokens who are in some way backed by real world assets, whose value growth beyond the price of these assets still remains fuelled by speculaiton). What might appear as a recipe for perpetual growth and financial gain in fact appears highly likely to have created a speculation fuelled bubble, with the complex token derivatives which characterize DeFi akin to castles built on foundations of sand. If this analysis is correct then not only is crypto far from a financial perpetual motion machine, but an economic time bomb.
# 4. The best case scenario for crypto-assets: (1) ponzi, (2) acceptance, (3) diversification, (4) permanence<a name="para4"></a>