Also, the current woes of cryptoland could simply be an indicator that there is an impending liquidity crisis in the "real" market and institutional investors are dumping their funny money to secure their foothold in the real economy.
We will have to keep dealing with this shit regardless, but the sooner it gets laid bare that crypto is not a panacea, the better. Crypto is the embodiment of everything that is wrong about finance, but run by algorithms without even the prospect of state intervention. Just smart contracts running on autopilot like a dumpster filled with diapers and thermite.
I'm latheing that there's more than sub-prime-mortgage-esque scheme running around in the economy and that crypto collapsing will shake it out into the open. If anything crypto and bots have made such schemes easier to make, hide and scale.
Also, the current woes of cryptoland could simply be an indicator that there is an impending liquidity crisis in the "real" market and institutional investors are dumping their funny money to secure their foothold in the real economy.
We will have to keep dealing with this shit regardless, but the sooner it gets laid bare that crypto is not a panacea, the better. Crypto is the embodiment of everything that is wrong about finance, but run by algorithms without even the prospect of state intervention. Just smart contracts running on autopilot like a dumpster filled with diapers and thermite.
I'm latheing that there's more than sub-prime-mortgage-esque scheme running around in the economy and that crypto collapsing will shake it out into the open. If anything crypto and bots have made such schemes easier to make, hide and scale.
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