Cryptocurrency is one of the worst inventions of the 21st century. I am ashamed to share an industry with this exploitative grift. It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere. Fuck cryptocurrency.

https://drewdevault.com/2021/04/26/Cryptocurrency-is-a-disaster.html


I have a long history of disliking DD but this is a very fucking good post. furthermore the personal note at the bottom really gives me hope for him to become a less toxic and negative person. i really hope he can be more positive in the future; he is really fucking smart and we need people like him in the industry

@aetios
I love the fact that people still don't see that it is a bubble. One day, St.Elon sells his btc, and after 3 more millionares sells their, the price will drop to cents.

It's the funniest pyramid scheme I ever saw, because at this point, everyone can get out a millionare, but these idiots cannot accept the wictory and a good life. Instead, they wait until their millions turn back into cents...

@LukeAlmighty you know, every time i see people posting about their profits im like, dam, thats nice though, but i just don'ttrust it enough to give it a go. some people got lucky i guess. id rather play it safe

@aetios
People can remain retarded longer then global economy can remain solvent. Gamestop proved that.

So, go for it. Watch out for new cryptos, and find some younger then 1h.

buy them for 30 dollars, repeat... there is some chance you might become a millionare.

Do not go into debt though... that would be retarded.