[epistemer]

He makes some good arguments and is certainly better read in economics than the youtube conspiracy theory video level/back cover summary of the Creature from Jekyll Island economics most crypto enthusiast stochastic parrot back as truth.

The 24/7 crypto is a scam community is extremely odd though. I can't stand the sport of NASCAR but I can't imagine enveloping my entire thought and identity around how much I think NASCAR is a bullshit sport and trying to convince people to stop watching NASCAR.

Finding an anti-passion to that degree seems extraordinarily unhealthy mentally.

[jackpeterfletch]

Well NASCAR is just a sport.

Crypto might well be the biggest vehicle for financial fraud the world has ever seen.

Whatever you think of Crypto more broadly, millions of innocent people are being prayed on, who have lost collectively, literally billions of dollars, some more vulnerable to the impact of that than others.

To a lot of (good) people, it’s unacceptable to allow that to go unchallenged.

So yeah I think I can see how it’s a bit different.

[momo_O]

> Crypto might well be the biggest vehicle for financial fraud the world has ever seen.

How do you measure this? If by “total value defrauded” then fiat has to be #1.

[FormerBandmate]

It’s an extension of the culture war. Tons of right wing culture warriors got really rich off crypto without doing anything to deserve that wealth, so left wing culture warriors are naturally opposed to it. You check out /r/Buttcoin, they also hate GameStop (valid) and Elon Musk (much less so, he’s doing great work outside of Twitter despite his immaturity) for those same fundamental reasons. It’s more of the same social media derangement cycle that sucks in so many people on both sides, even if they fundamentally have a point about a lot of crypto being based on nothing

[dvngnt_]

what you wrote in parentheses is enough to not like elon.

didn't he falsely accuse someone for being a pedo because they said his submarine would not have saved the people trapped in the Thailand cave?

[TomSwirly]

> so left wing culture warriors

I generally like this site because it has more mature adults.

Perhaps you'd be happier on Reddit?