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The economy is a scam. All the newly printed money which has gone into tech over the past decade is a scam. The only thing that mattered at all was your social
by cryptica 6y ago
The economy is a scam. All the newly printed money which has gone into tech over the past decade is a scam. The only thing that mattered at all was your social connections; doesn't matter what the project was.
Is it a coincidence that the two fastest growing assets are owned by people who share a common history?
Mark Zuckerberg is the biggest shareholder in Facebook and the Winklevoss twins are the biggest Bitcoin investors... That's no coincidence. It's all about social connections. Your social proximity to Mark Zuckerberg and Winklevoss twins determines your future success 100%. Everything else doesn't matter. If that sounds ridiculous, that's because it is. It's a giant financial pyramid scheme.
In any pyramid scheme, those closest to the originator of the scheme make the most money... The difference in this case is that they can keep printing money forever so the scheme doesn't ever need to collapse.
The sooner we realize this, the sooner we will be able to fix the monetary system and go back to normal.
- mrlala 6y agoI mostly agree with this. As absurd as it sounds, I think you are basically correct. The people with money do what they can to keep propping things up because they are the ones that massively gain on it. They can afford to keep risking and risking, cashing out when it's convenient and if they take a hit? Oh well, I lost 50%.. or 500m. But you know what? I still have 500 million fucking dollars! As opposed to the normal people in which a 50% loss is devastating. It is such insanity how much money the people pulling the strings have. And they have convinced people "hey throw all your money into our gambling pot of doom!"