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Crypto lobbying is going ballistic

economist.com

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Re: Crypto lobbying is going ballistic

#8
post #6
post #4

I can't wait for this bubble to burst so I never have to hear about these tulips again.

Since when have you been waiting? What will you do in twenty years if it hasn't burst by then? And in forty? Continue to wait?

There's not a single problem it solves. A technical solution in search of a problem is a hilariously poor investment, esp when any distributed system will do the same work - but better. And all the "value" stuff on it like NFTs is just a giant ponzi scheme from any way you look at it.

Re: Crypto lobbying is going ballistic

#9
post #6
post #4

I can't wait for this bubble to burst so I never have to hear about these tulips again.

Since when have you been waiting? What will you do in twenty years if it hasn't burst by then? And in forty? Continue to wait?

In my case, probably, yeah. The market can be irrational for longer than you can stay solvent, they say. But it has to give eventually, and I’d rather have no stake in either its long term success or its demise.

It’s hard to know what happens when the hype dies. I don’t suspect cryptocurrency will cease to exist, but for the good of cryptocurrency’s long term future, you might hope for such a bubble burst, too.

Re: Crypto lobbying is going ballistic

#10
post #6
post #4

I can't wait for this bubble to burst so I never have to hear about these tulips again.

Since when have you been waiting? What will you do in twenty years if it hasn't burst by then? And in forty? Continue to wait?

The value of bitcoin has only been high for about 4 years, it isn't that long.
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