LogFAQs > #965126133

IronBornCorps posted...

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.

Are you talking Safemoon, the coin we were all feverishly attached to, that was going to distribute 5% to all other holders while burning the other 5%, or any one of the endless farming tokens, which ended up "magically" decreasing in value at the exact same rate they returned APR?

Both of those completely tanked because
A) You simply can't just make money by doing nothing.
B) The developers got horny for the liquidity pool, they were morons who couldn't even code, they just copied and pasted everything they ever made, code made by developers who just wanted a quick buck
C) There was absolutely nothing to prevent the top 1% from owning 99.9% of all the money, because it's somehow even worse than real life in that regard. They then just wait for fresh blood to come in to take literally everyone else's money while we all get to pretend to look at the line going up. Why do you think every single crypto graph looks like the same exact thing? The first guys in are just waiting to cash out, every time.

And that third point is true for every single cryptocurrency, it's why every single one of them is a scam. We all only serve the purpose of being the idiot of being the one to have our money taken from the 3rd guy to buy bitcoin because they are all deflationary.