Yellow posted...
Anyway thank fucking god it's crashing, can you imagine the dystopia of a fully privatized economy? We were insane to think that would work. Fucking Elon Musk was an evil genius to try to promote it.
Yeah, the idea of a public wallet that ties in all of your purchases and activity is utterly horrifying.
Thanks for your first post, it was illuminating.
IronBornCorps posted...
Is this a crash? It's almost like the sector has never experienced this before, definitely isn't the third or fourth "crash".
I mean, how could the price go down around the time taxes are due in the US after a bunch of legislation was passed on capital gains?
There are tons of schemes, scams, and bad actors in the sector, sure. That's why they are called ****coins.
I think the hyper capitalism argument is funny too, with a DAO and a global distributed wallet, we could easily accomplish a socialist Utopia. It so just happened to play out as venture capitalists saw the economic potential, and created their own ecosystem using the tech. Innovation has no political agenda.
Your incessant cheer-leading for crypto and hand-waving of all the legitimate problems with it makes me think you're one of those people invested and hoping to be the one at the top of the "pyramid", and thus arguing in bad faith...
Did you even watch the video, which explains why this supposed "utopia" would be an absolute fucking nightmare right out of 1984?