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> Happens in everything. Corporations can fail. Trad-finance institutions can fail. Sovereign currencies can fail. Corporations can also succeed. Circular perp
by majormajor 4y ago
> Happens in everything. Corporations can fail. Trad-finance institutions can fail. Sovereign currencies can fail.
Corporations can also succeed. Circular perpetual motion machines leveraged against their own bullshit to claim ever-higher valuations while telling folks "you don't need to know about crypto, just give us your money" on TV? That's never gonna work out. It's fundamentally broken.
You try to equate crypto skeptisicm with general anti-innovation thinking but... what was the innovation in FTX or Luna or [insert other implosions here]? Seeing hype as innovation is hardly sound thinking.
Show me some actual "future of investment" innovation and see if I'm as critical about it. Or any non-fintech innovation for that part. Lots of interesting technological developments happening, they just mostly aren't in the crypto hype bubble.