Instead of having no points of control, cryptocurrency is run like middle school—everything is determined by what the popular kids like or don't like that day. If Elon Musk has a double espresso this morning, the price will go up, if he tweets after bong rips, it will go down.
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But don't mistake this tacit silence for affirmation that this technology is useful. Nobody tells Pharaoh that pyramid building is a poor use of everyone's time unless they live safely outside the kingdom
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Link to my CNBC segment for those who asked to see:https://www.youtube.com/watch?v=igOmWeHMunw&t=1s …
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Is there a clip of the interview somewhere?
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It's funny that in crypto, unlike any other investment thing, people have issue with the idea that "person who is heavily invested in <thing>" might not give the most unbiased attitude to <thing >
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Doesn't even need to be VCs. The whole HODL TO THE MOON phenomenon is people who own a large amount of <thing> telling you you should raise the price of <thing> for reasons
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I still say "fantasy football for finance nerds" is the best and most accurate description of cryptocurrency. And fantasy football is a HUUUGE, *HUGE* industry!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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That's their problem they can't take criticism because they fear it. They know they're in a ponzi scheme, they know it doesn't solve inflation, they know it's a gamble, they know it's a pyramid scheme, they know it's not a currency but behaves more like a stock. LOL!
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