I have something to say to those who said to us, when we told you that cryptocurrency was a tulip mania style bubble built on bluster, bullshit and suckers, that we didn’t understand and were just bitter about missing out. It is as follows:
HA HA HA HA HA HA HA HA HA HA HA SILLY FUCKERS TOLD YOU SO.
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Sarah Brown
in reply to Sarah Brown • •Conor Titania Mc Bride
in reply to Sarah Brown • • •Sarah Brown likes this.
kæt
in reply to Sarah Brown • • •Interesting commentary recently by Patrick Boyle mentioning a lot of people are linking this "era of scam" (crypto, AI, drop-shipping, passive income, etc) to moral hazard effects of the 2008 bailouts.
My understanding of it is that many in the US (which seems to be worst affected) went into 2008 thinking money was somehow a proxy for your "score at life" but came out of it thinking wealth was some kind of puzzle box to be cracked.
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Sarah Brown
in reply to kæt • •Sarah Brown
Unknown parent • •Tom Ritchford
in reply to Sarah Brown • • •There is one good use for cryptocurrencies - crime.
Which is the only reason I can conceive of that Bitcoin has risen all this year. After we destroy most of our ecosystem, Bitcoin will be seen by the survivors as one of the many signs of the collective mental illness of our society.
ideaPDish
in reply to Sarah Brown • • •If someone's paycheck depends on them not getting something,
Those folks are going to go out of their way not to understand it.