I’m only laughing at the people who insisted that this would disrupt traditional finance
That is basically all of them because as soon as you buy some crypto you become materially invested in its success. Nobody that invests in crypto is out there spreading word that it's a scam and not to do it because their investment growing actively relies upon convincing other people to get into the scam.
I feel bad for these people but only in the same way that I feel bad for those that got into Amway and other ponzi schemes. They all become sellers of the scheme. They all become the scammers.
It's a complex emotion. Similar to the way I feel bad for people who get into Scientology but also simultaneously hate everyone that is in Scientology.
Nobody that invests in crypto is out there spreading word that it’s a scam and not to do it because their investment growing actively relies upon convincing other people to get into the scam.
I know a few people who bought into crypto openly acknowledging that it's purely speculative, though they did actually make money off it
That is basically all of them because as soon as you buy some crypto you become materially invested in its success. Nobody that invests in crypto is out there spreading word that it's a scam and not to do it because their investment growing actively relies upon convincing other people to get into the scam.
I feel bad for these people but only in the same way that I feel bad for those that got into Amway and other ponzi schemes. They all become sellers of the scheme. They all become the scammers.
It's a complex emotion. Similar to the way I feel bad for people who get into Scientology but also simultaneously hate everyone that is in Scientology.
I know a few people who bought into crypto openly acknowledging that it's purely speculative, though they did actually make money off it