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TopicThe crypto bubble popped
DarkRoast
05/13/22 8:36:56 AM
#239:


whitelytning posted...
There were people jumping out of windows in the 1930 while others were making plays to get rich on the rebound. This happens with fluctuations in all major financial asset markets.

Except this isn't a financial asset market. It's a highly complicated casino posing as one.

Crypto has no value, and has no regulatory oversight. And Terra USD / Luna is a perfect example of why that matters.

In any case, the blockchain is the replacement for the cult leader. The blockchain can solve any world problem, is the greatest invention in mankind, will cure cancer, blah blah blah.

Anything that otherwise seems completely idiotic (NFTs) suddenly becomes 100% legit if it involves the blockchain. All rationality is dropped when the blockchain is brought in.

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