@molly0xfff
well - what's in it for them if they learn? Fewer clicks. What's in it for them if they play along with the hype and make the hype bigger? More clicks.
The end state of the internet, once humans are gone, will just be a few battery powered servers infected with bitcoin mining malware pointlessly adding to the blockchain and trying to infect each other.
@molly0xfff Certainly there will be more grifts and speculative bubbles in the future, the question is just what shape they'll take.
I think crypto is too radioactive to attract retail money, and that it is no longer the path of least resistance, even if BTC keeps going up. The regulatory crackdown is crippling the exchanges where the gambling happens, and retail sentiment around the derivative investment products (like NFTs) is at an all time low. The scam needs a new coat of paint.
@molly0xfff I'm hoping it goes away....cryptocurrencies literally fuel the ransomware economy.....I can't count the amount of people in my feeds that have had their wallets drained....so much loss and damage.
@molly0xfff I love the fact it’s 2023 and the world hasn’t figured out that stories like this run when a single rich dude needs a price to go up. It’s like we aren’t even trying.
@molly0xfff do any of these outlets ever suffer negative consequences for their crypto boosterism? there's nothing to learn if there's no negative reinforcement signal.
@molly0xfff it has been 20 years since the US invasion of Iraq and there are STILL people buying Iraqi dinar believing that someday a magical “revaluation” compared to the dollar will happen and they’ll be rich. It’s very similar to crypto; a decentralized ponzi like thing borne of the internet but with no centralized actor.
@molly0xfff Bitcoin may rise and fall, but overconfident men using pseudoscientific snake oil to solve financial problems... that, my friends, will outlive us all.
@molly0xfff [local news reporter] "So, Ms Laurie Strode, now that Michael Myers has for certain been killed after being shot and falling off the second floor balcony, what do you intend to do with the rest of your Halloween night?"
(we are all Laurie, lol)
@molly0xfff I see this a lot from web3isgoinggreat followers. If the only exposure you get is that, you get the impression that the sector is imploding.
Most don't realize how much money has entered that space and it has no where to go but continue to finance crypto projects.
Also a lot of crypto heads made for many unimaginable amounts of money in 2020-2021 ride, again, financing their further adventures.
At the moment I can't imagine what "it's over for crypto" looks like.
@molly0xfff one way to keep up with #crypto activity without having to listen to their nonsense but for the sake of just getting an idea of what is going and what is top of mind for them is to subscribe to podcasts like Bankless.
Those guys are obsessed and don't listen to their content, but just look at the show subjects and show notes. You will get the idea what the crypto community cares and works on the most.
@molly0xfff oh, my apologies, I should have made it more clear, my comment was meant for people reading your post and looking through this thread that might not be as familiar with the space.
You don't need any advice on how to find what's going on in crypto world, lol.
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