2 ms·
Plain bubble. https://en.wikipedia.org/wiki/Economic_bubble https://en.wikipedia.org/wiki/Economic_bubble Non-speculative use is all but nonexistent. ICOs are a
by davidgerard 9y ago
Plain bubble. https://en.wikipedia.org/wiki/Economic_bubble https://en.wikipedia.org/wiki/Economic_bubble Non-speculative use is all but nonexistent. ICOs are a bad excuse whitepaper attached to a tradeable ERC-20 token. There is no actual economic productivity there, just money going into a whirlwind.
I'm getting emails from friends whose retired parents are being targeted by crypto hucksters. My brother sent me an email this morning which was a glaringly obvious scam a friend of his had fallen for and was trying to get him in on.
I thought the bubble was bad a few months ago, right now it's clearly in batshit insane territory. What they're "mining" is the money from normal people who shouldn't be going within a mile of cryptos, and it'll be a bloodbath. The 2017 bubble is so much bigger than the 2013 bubble.
- quickthrower2 9y agoAre you saying dotn hodl?