For example, I participated in a token offering 18 months ago which has produced a sizable value. I then took 20% of the gain and spread it across new token offerings.
At scale, think of everyone whom invested in Bitcoin early and Ethereum at the ICO. Their gains are used to reinvest into the crypto ecosystem at the earliest stages, thus, keeping their fortunes regenerating and growing.
Also keep in mind the growth of Tulips as a whole. New wealth is being created and reinvested.
For example, I participated in a tulip offering 18 months ago which has produced a sizable value. I then took 20% of the gain and spread it across new tulip offerings.
At scale, think of everyone whom invested in Carolus Clusius early and Bizarden just after Ogier de Busbecq sent the first seeds. Their gains are used to reinvest into the tulip ecosystem at the earliest stages, thus, keeping their fortunes regenerating and growing.
It's a means of transferring wealth.
Wealth isn't being created, it's being transferred.
(Absent some edge cases: the ability to conduct transactions that weren't previously possible, or to move funds out of a regime in which they are otherwise controlled -- though this almost always means violating legal currency controls and/or tax obligations.)