[braingenious]

That’s cool. I personally think going out of one’s way to defend crypto cash grabs dressed up as art projects is also a waste of energy. That being said, people that think it’s a good idea to mint NFTs are rarely concerned with the actual, literal problem of wasting energy.

[adfjalkfja]

Ah well. It's gonna be a good 6 months for the haters

[braingenious]

It’s genuinely depressing that there are only two groups of people: HODLERS and haters. It won’t be a good six months or year or two years for people that bet their retirements, or houses, or savings on silly crypto shit. But sure! Let’s talk about people that chose not to participate in a scam, not those that did and had their lives ruined.

Was it haters that posted suicide hotline numbers in crypto reddits? or what

[adfjalkfja]

You're right that it is depressing how divided people are lately. Being more objective and less of a hater might help fix that.

It won't be a good 6 months for people that bet their retirements, or houses, or savings on the stock market either. Maybe they shouldn't have done that. They are both zero sum games. Both have scams. What's the difference?

I may be pro crypto with a long position, but I still told all those around me to be weary when they were all wanting to buy the peak. None of them were interested at all when BTC was at $4k. Human nature.

Just like it's human nature for the haters to jump out of the woodwork with "I told you so" every time the market wanes, which was my point. They loved it the last go round

[braingenious]

Yeah I think the people that will become homeless because of this (if you ask people somewhat like yourself that admittedly have made money on crypto) “abstract macroeconomic phenomenon” of a “dip” or whatever would agree that they maybe should not have bet their houses on this gambling game.

Thank you for your insight that since you personally expect to make money, it’s all good despite the massive losses of regular people.

[adfjalkfja]

They shouldn't have, glad we finally agree on something

[braingenious]

Yeah I absolutely agree that the ridiculous gambling phenomenon that has real life costs for many people and climate costs for everybody, even if in theory I could profit from it, is bad and grown adults shouldn’t put their money into it.

I further agree that these people whose lives have been ruined would not have incurred these consequences if there wasn’t such a big culture of speculators trying to legitimize online gambling with silly and misleading rhetoric.