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Kind of like the apocryphal story of Joe Kennedy and the shoe shine boy’s stock tips, The crypto SuperBowl ads were a signal that it was about to come crashing

• stanleydrew 3y ago
  Calling run-of-the-mill pump and dump schemers "smart money" offends the sensibilities. It's "smart" only in the most anti-social sense of the word, like believing it's "smart" to act in bad faith as long as you get some benefit from it.
  • 15457345234 3y ago
    That unfortunately seems to be the modern definition of 'smart.'
• alasdair_ 3y ago
  > The crypto SuperBowl ads were a signal that it was about to come crashing down. Should we short Coca Cola, Nike and Pizza Hut because they too had superbowl ads? “Has a superbowl ad” doesn’t seem like a great signal to me, other than in retrospect when it’s easy to spot a loser.
  • gary_0 3y ago
    Coca Cola, Nike and Pizza Hut are products that everyone buys. It makes sense they would advertise during the Superbowl. But I don't personally know anybody non-techy who knows anything about crypto, never mind has any use for it (although I did have one friend who almost fell victim to an Internet scam that mentioned crypto). So it makes less sense why they would be advertising it on such a huge scale, before most average people had even come into contact with it (in a non-criminal context, anyways).
  • sumtechguy 3y ago
    What I never got was why I would want to use these things as currency. Cryptographically write down everything I ever do financially? I am going to go with no on that one. I do not really care I bought a stick of gum 20 years ago... These things strike me as a privacy nightmare.
• deleted 3y ago
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