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> Or get told “I just don’t get it” or “have fun staying poor”. Most moonboys or people on the inside are in absolute denial. Don't take it personally. I have
by Mo3 4y ago
> Or get told “I just don’t get it” or “have fun staying poor”.
Most moonboys or people on the inside are in absolute denial. Don't take it personally. I have an acquaintance who is a "DeFi" investor, you wouldn't believe how much incredibly, utterly stupid "projects" this rather smart intelligent man "invests" in. 95% of DeFi are simply cash grabs, and I have not yet seen ONE project that actually profits off being on a blockchain or would be worse off not being on one. It is absolute insanity and like the Dotcom bubble all over again, and the pop is going to hurt like never before.
- lokedhs 4y agoI'm not sure it'll hurt that much. The dotcom bust affected the entire economy and a vast number of people were directly invested in these companies. The impact of a complete implosion of the entirety of the cryptocurrency economy will not have anything close to that effect.
- highwaylights 4y agoyes and no. Almost everyone I know never talks about crypto until they've had a couple of drinks or have run out of chat, then suddenly they're talking about their favourite tokens. I suspect the numbers of people invested are every bit as widespread as the media would have you believe. I'd be willing to bet it reaches even further into places you wouldn't expect (e.g. largely opaque pensions and company "cash" balances).