It's rarely tech bros that get fucked by cryptos, and almost always their 'marks'; the internet dads who lose their family's savings because someone hyped them up on the bitcoin subreddit.
I feel like every person including people I know irl that are into are grade A assholes. But yeah I get what you saying about the average Joe looking for a get rich quick scheme.
I mean, even if they are assholes, on a fundamental level Bitcoin produces nothing, so every real dollar that someone earns is a dollar that has been taken away from someone else, for nothing but the possibility of taking someone else's dollar in the future. It's a completely arbitrary method of wealth redistribution, skewing towards the technologically elite who can afford to participate in massive mining operations or just flat out manipulate the currency for their own ends.
It's a grift on an ideological level; the antithesis to the labor theory of value.
It's rarely tech bros that get fucked by cryptos, and almost always their 'marks'; the internet dads who lose their family's savings because someone hyped them up on the bitcoin subreddit.
I feel like every person including people I know irl that are into are grade A assholes. But yeah I get what you saying about the average Joe looking for a get rich quick scheme.
I mean, even if they are assholes, on a fundamental level Bitcoin produces nothing, so every real dollar that someone earns is a dollar that has been taken away from someone else, for nothing but the possibility of taking someone else's dollar in the future. It's a completely arbitrary method of wealth redistribution, skewing towards the technologically elite who can afford to participate in massive mining operations or just flat out manipulate the currency for their own ends.
It's a grift on an ideological level; the antithesis to the labor theory of value.