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Agreed, though I don't think I'd be surprised if this was completely true or completely false. Crypto, IHMO, is largely a MLM geared (predominately) towards me
by joshstrange 4y ago
Agreed, though I don't think I'd be surprised if this was completely true or completely false.
Crypto, IHMO, is largely a MLM geared (predominately) towards men. Just as Mary Kay, LuLu Roe, etc are geared towards women. It's the same "girlboss" energy "you are a smart investor" bullshit.
And it attracts the scummiest people (see: ICOs, pump and dumps, "influencers" pushing coins, NFTs.
I say this with a small bit of money in crypto but also as someone who would never recommend people put money they aren't willing to lose into it. It's all a gamble and I think the odds of it all coming crashing down are 100%, it's just a matter of time. In recent years I've even become grossed out by even holding any with the intention of withdrawing as it really just makes me a part of the problem. Any money I might make would come at the loss of the people left holding the bag when it all blows up.
All that said I do find many of the concepts of crypto (blockchain, smart contracts, etc) to be fascinating but the power needed to make this a reality is simply unsustainable and I'm not at all convinced by any PoS-type "innovations".