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> everyone talked about what a scam it was The problem is, 'everyone' didn't. Mostly-reputable finance sources were cranking out article after article on smart
by 15457345234 3y ago
> everyone talked about what a scam it was
The problem is, 'everyone' didn't. Mostly-reputable finance sources were cranking out article after article on smart contracts and the crypto ecosystem etc which made the whole thing sound just as legitimate as any other part of the regulated sector.
A truly immense amount of whitewashing occurred and trickled down from on high, it was everywhere and it continues to this day.
Unfortunately blatant scamming appears to have become very normalised in what were previously relatively high-trust societies.
- wolverine876 3y agoI think that rejecting and trashing the 'high-trust' aspects are a specific goal of the broader cultural movement of which crypto scams are just one symptom.
- 15457345234 3y agoYup, and it's coming from a few specific places. I actually blocked reddit on my router the other day after encountering way too many 'if you see somebody stealing, no you didn't' comments in a thread. It really was the tipping point and something I should have done a long time ago.
- wolverine876 3y agoIf you mean it's also coming from the left (?), I don't think that's meaningful. The crypto uber-libertarian, ubermensch culture runs much of SV, significant parts of Wall Street, has run the White House, etc. The left-wing side has power - where? Nothing within orders of magnitude of the other source.