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I find it extremely ironic how the main selling point of cryptocurrency is that it's mathematically inflation-proof...but the crypto landscape is dominated by p
by anigbrowl 2y ago
I find it extremely ironic how the main selling point of cryptocurrency is that it's mathematically inflation-proof...but the crypto landscape is dominated by people just spinning up new currencies as vehicles for financial speculation that don't even pretend to have any nexus to economic value. It's like betting on which mobster can run the most profitable casino.
- Terr_ 2y agoThis time the name is extra-appropriate: https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory