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People are envious generally and when something they don't understand does well, they're confused. When that thing goes down, they feel relieved and their world
by metacritic12 5y ago
People are envious generally and when something they don't understand does well, they're confused. When that thing goes down, they feel relieved and their worldview makes more sense.
Schadenfreude in general.
- isoskeles 5y agoThe assumption that people who don’t want to buy crypto must not “understand” crypto is a cliché among that community, and it reeks of the kind of hubris that makes me okay with seeing this kind of crash.
- 52-6F-62 5y agoIt strikes me as similar to the reasons I see people rejoice when artists or the like struggle to make it. It validates one's life choices like giving up on dreams to take up a dull job that keeps the lights just barely on. Crabs in a bucket mentality. I for one would be happy if the kids find a better way forward that leaves fewer people in the dust (without instituting a new ecological drain, please). That's not happening yet, but some of the thought work shows progress to me, even if the execution isn't final and still lacking.