BREAKING: Nintendo just delayed U.S. pre-orders for the Switch 2—because Trump’s tariff tantrum just slapped a 46% duty on imports from Vietnam, where the console’s built.
This isn’t just about gaming—it’s what happens when you throw a grenade into global supply chains and expect “America First” to mean anything other than price hikes and product delays.
The console still drops June 5. But if you’re wondering why you can’t reserve one yet, blame the guy who thinks trade policy is a reality show.
I’ve been in this space for ten years and I have never been more disgusted with crypto than I am today. Memes have taken the industry down a dark road.
What started off as a technology that would change the world, and other products that would help to make it better, faster, cheaper, and more transparent has devolved into nothing more than a casino.
It was always a casino in a sense, but still had some purpose, or at least a sense of purpose in what we were building.
Meme coins have changed all of that and brought us to the point where it really is just gambling, no utility, with very few winners, and a lot of advertisements to make think you are going to get rich when in reality 99% of people will lose all of their money.
The worst part is that most of these are people that can’t afford to lose that money.
And the money that got burned is not going back into the system, it has been syphoned out and those that lost money ain’t coming back to buy your alt coins.
I think we all thought this was kind of fun at the beginning, https://t.co/Xa1cAAULEo killed everything though by eliminating all barriers to entry and making it easy to launch. Even I experimented briefly with it at the beginning, and lost all the money I allocated to the experiment because I would not dump on followers which apparently it’s the only way to make money. A true pyramid scheme.
Outside of $BTC, you are going to have to be very selective in what you are buying because one thing we know is not everything pumps, but eventually, everything dumps.
And institutions aren’t coming for your alt coins.
This is not a good look for an industry that frankly was already ugly.
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