The real tragedy of this whole crypto frenzy is how many people have apparently made it their life's mission to shill random coins on social media.
Isn't it absurd that so many people's primary hope to acquire wealth is by putting their money into something that was recommended to them on Twitter and that they don't even understand?
This is a zero-sum game, where the money you make, someone else loses. Crypto could be incredibly useful if it was simply a fully decentralised, cross-border, (anonymous) payment solution that is pegged to a basket of existing currencies. Wait, we already got that. It's called stable coins. But yeah, no 'get rich quick' in that one, so apparently a lot less interesting.
Who knows what amazing businesses could be created if the crypto preachers focused their energy and attention on actual value-producing entrepreneurship instead of FOMOing others into buying the random coin of the day.
Isn't it absurd that so many people's primary hope to acquire wealth is by putting their money into something that was recommended to them on Twitter and that they don't even understand?
This is a zero-sum game, where the money you make, someone else loses. Crypto could be incredibly useful if it was simply a fully decentralised, cross-border, (anonymous) payment solution that is pegged to a basket of existing currencies. Wait, we already got that. It's called stable coins. But yeah, no 'get rich quick' in that one, so apparently a lot less interesting.
Who knows what amazing businesses could be created if the crypto preachers focused their energy and attention on actual value-producing entrepreneurship instead of FOMOing others into buying the random coin of the day.