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Once everyone understands the fundamentals there may be no greater fools left. That would be recipe for an 'apocalypse'.

• bergenty 4y ago
  It’s possible but there are a lot of people invested in crypto and they’re not all fools. There are a lot of people that have never invested in crypto and they’re definitely not all fools.
  • HWR_14 4y ago
    "Greater fool" is a technical term, not a judgement.
    • bergenty 4y ago
      The underlying implication turns out to be pretty literal.
      • xwolfi 4y ago
        Greater dreamer works as well. The most important part is the infinite growth of expectation.
    • nailer 4y ago
      It's both.
• EarthLaunch 4y ago
  It's going to be a long time before even a significant minority of people understand the fundamentals.
• the_biot 4y ago
  Yet pyramid schemes/MLMs keep popping up, for decades. Their model isn't so different from what motivates people who get caught up in cryptocurrency and NFT scams.
• eliaspro 4y ago
  The principle of the "daily ten thousand" ensures there's a constant supply of new fools... https://xkcd.com/1053/ https://xkcd.com/1053/