4 ms·
The hushed tones of 'that is obviously bullshit'.
by nullc 4y ago
The hushed tones of 'that is obviously bullshit'.
- moistly 4y agoThat is what aggravates me the most: that there is so much money sloshing around out there, desperate to be spent, and it goes to obvious bullshit instead of building bio-sand water filters for every off-grid community in the world, or ensuring everyone in the world gets a sandwich at least once a day, or basically ANYTHING that would make the world a better place for everyone. Instead, over-privileged, over-wealthy, over-gullible people are wasting the economy on digital artifacts. What a senseless waste.
- nullc 4y agoIf it's any consolation I expect that a significant portion of the "billions" they're talking about simply never existed. E.g. I print a trillion tokens, keep most in my pocket but give out some chunks to friends and put a few percent on the open market. They trade on the open market for $1 and tada I'm a trillionaire. The token price crashes and now my friends have lost billions. But it was all just a mirage. There are real losses in that example-- the suckers that bought the tokens for $1 on the market-- but they may be tiny compared to the numbers being discussed.