Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed
I would kinda restrain too from sneering at those people, but we also should not absolve them immediately. Critics should be in order. They are the victims, but they also had it coming, it’s not like it was the first time workers were duped into the pyramid scheme mired by the prospect of joining the renter parasite class. Also they conciously did wanted to do that, i get that due to the overwhelming TINA brainwash and shitty work conditions* they can be somewhat absolved from that but still - it can be turned into the argument why they were victimized.
*Worth noting that those people are from aristocracy of labour to begin with.
What’s special about crypto? I mean what is ethical about working and spending in the imperial core? And how does trading some crypto add to the depravity?
Crypto is special because it has a huge environmental cost while mostly just serving as an investment. It is far too unstable and the cost of executing transactions are too high to serve as a currency for most purposes.
From what I’ve seen it seems that it’s for the most part the same people getting rich off of crypto, as the ones who have gotten rich through conventional means, as they had the funds to invest early.
I would kinda restrain too from sneering at those people, but we also should not absolve them immediately. Critics should be in order. They are the victims, but they also had it coming, it’s not like it was the first time workers were duped into the pyramid scheme mired by the prospect of joining the renter parasite class. Also they conciously did wanted to do that, i get that due to the overwhelming TINA brainwash and shitty work conditions* they can be somewhat absolved from that but still - it can be turned into the argument why they were victimized.
*Worth noting that those people are from aristocracy of labour to begin with.
What’s special about crypto? I mean what is ethical about working and spending in the imperial core? And how does trading some crypto add to the depravity?
Crypto is special because it has a huge environmental cost while mostly just serving as an investment. It is far too unstable and the cost of executing transactions are too high to serve as a currency for most purposes.
From what I’ve seen it seems that it’s for the most part the same people getting rich off of crypto, as the ones who have gotten rich through conventional means, as they had the funds to invest early.
deleted by creator