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> the fringe, edgy, anti-corporate nature of cryptocurrencies that attracted so many in the first place. That was the first wave. This much bigger wave is peop
by tdeck 5y ago
> the fringe, edgy, anti-corporate nature of cryptocurrencies that attracted so many in the first place.
That was the first wave. This much bigger wave is people like your uncle who's not tech savvy but bought $100 in Bitcoin because they heard you could get rich from it. The ideological component is just window dressing (eventually a lot of ideology becomes window dressing so that's not too unusual).
- PragmaticPulp 5y ago> That was the first wave. This much bigger wave is people like your uncle who's not tech savvy but bought $100 in Bitcoin because they heard you could get rich from it Random uncles putting $100 into BitCoin isn't driving the market. Cryptocurrency is very corporate now, including a mix of shady corporations who love playing in this unregulated space. The average joe is just along for the ride, but they're being pitched the idea that decentralization is democratization. Meanwhile, there's nothing stopping a decentralized cryptocurrency from being owned by very centralized players. It is, after all, tradable by anyone.
- ketzo 5y ago> Random uncles putting $100 into BitCoin isn't driving the market. No, but the companies providing easy ways for tens of thousands of uncles to put $100 into the market definitely are driving the market. See: Robinhood, Venmo, PayPal, Coinbase, etc.
- d3ntb3ev1l 5y agoJack paid 300 million for that playlist
- webZero 5y agoSeriously? I do not know what is true anymore in this world. It feels like stupid people are running the show.