Egregoros

I really think crypto MIGHT be dead/dying this time. Not sure, but things feel bad

@sun People overextended on speculative value. Although these crashes are like a yearly thing at this point.
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@phnt @sun fun how this shit just is an acceleration of fiat currency
constant boom bust cycles as a result of it being just commodities backed by nothing but supply and demand

@demha @phnt I think it is materially quite different but I appreciate that the result is the pretty much the same. I think a better observation is simply crypto was an experiment is no-regulation money and it pretty much plays out how you'd expect. there's a theoretical good outcome but actual humans seem to make that impossible in reality

@sun @phnt in all honesty i think the problem is ecological vs le humans is le imperfect instead but id need to expand that which im too lazy to do

@demha @phnt that’s fine I respect differences of opinion on this