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by wayoutthere
1777 days ago
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The profit incentive in crypto created a real incentive to creating and exploiting asymmetric / proprietary information that mirrors existing finance markets. The sad truth is that this causes basically every crypto community to devolve into shilling and pricing discussions. It’s the same thing you see with stocks; anyone willing to give you insight into the market is likely playing the other side. Even technical discussions devolve into arguments about how things will be priced; but this is all because everyone is trying to make their altcoin a meme and become rich. When success equals a huge payday and the risk to shilling is so low, it infiltrates all discussion around a topic. |
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