Crypto = taking arguably the worst idea humanity ever had, already causing multiple recessions - glorifying & incentivizing wealth gained through pure speculation - spreading its high risk far & wide using our tech advances, and adding a hefty carbon footprint on top.
If you read a lot of business and economics history like I do, you see that LITERALLY every single recession or depression or crash has been caused by that particular generation's choice of what's the cleverest way to get wealthy through speculation.
But at least in the past, the speculation bubbles were linked to something tangible. Cotton, sugar, trains, oil, Internet,...all boom & bust cycles here at least left something tangible but with low profit margins.
Crypto is literally just a collective delusion of value.
Crypto is literally just a collective delusion of value.
Crypto is a lot of people putting a lot of carbon into the atmosphere based on a collective social contract that glamorizes #HODL at a large scale, so the 1-2% can cash out at peaks and get filthier richer.
Remember, no govt guarantees it. And it is useless without internet.
Remember, no govt guarantees it. And it is useless without internet.
If I were to drop you off at a random location anywhere on the earth for you to make your way back home, what would you rather have? Cash or crypto?
I know crypto bros will show up here with their inevitable angst and inflated sense of being offended, and will try all kinds of goalpost shifting.
But the plain fact is anything of actual value must be backed by a tangible product or a government guarantee. Else it's a scam.
But the plain fact is anything of actual value must be backed by a tangible product or a government guarantee. Else it's a scam.
"would I have a phone or computer with me?"
Nope!
You'll be dropped off at a random location wearing the clothes you're wearing and either cash in any currency you like in a backpack. Or a crypto balance.
Buy your own phone or computer.
Nope!
You'll be dropped off at a random location wearing the clothes you're wearing and either cash in any currency you like in a backpack. Or a crypto balance.
Buy your own phone or computer.
https://twitter.com/gauravsabnis/status/1591401761025261569?t=5WXlTqPe5GRTHoDnHIxOrQ&s=19
I can't believe people don't see that #HODL (Hold On for Dear Life) has been the basic motto of every pyramid scheme and ponzi scheme and chit fund scam.
At least amway actually manufactures stuff.
At least amway actually manufactures stuff.
The most hilarious are the folks who are both into crypto AND survivalist stuff.
Takes some amazing self delusion to think that our modern civilization is going to collapse to the extent that you have to stockpile seeds, but that somehow internet will still survive for crypto.🤭
Takes some amazing self delusion to think that our modern civilization is going to collapse to the extent that you have to stockpile seeds, but that somehow internet will still survive for crypto.🤭
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