@ada_ghost@dangambardello Takes more than a year and a half to undo distrust of an entire investment space. Especially with a snake oil salesman still running the show.
@ada_ghost@dangambardello The current shape of regulation is inadequate. The president literally made a Ponzi coin. He’s going to regulate his own incarceration?
@dangambardello What “believers” fail to realize is that crypto is a Ponzi scheme, but like all Ponzis has a compelling thesis / use case. The 4 yr cycle fits into it, and is psychologically and behaviourally self-fulfilling at this point. But it’s also a part of the over-arching scam of it all.
@rq_crypto@virtualbacon There are two types of investors in the crypto space:
1) Die-hard believers
2) Opportunists
The 2nd category has realized that there are other sectors with a better risk / reward ratio and have pivoted. News doesn’t move the dial because the opportunists aren’t here to pump.
@dangambardello Not dead? The desire of OGs to see the space thrive. Dead? The public need for crypto as a degen investing space. They’ve moved on to AI, online gambling, etc. The truth is, crypto tech isn’t being used exponentially. It’s still very niche, and thus a bad speculative investment.