It is worth contemplating how the crypto/gambling ponzi laundo schemes have emerged on the second wave of the "something for/from nothing" culture that was launched in the internet "technology" boom where real value creation, actual utility, is irrelevant to the network effect of a fantastic idea strategially branded by capital. Even bet…
It is worth contemplating how the crypto/gambling ponzi laundo schemes have emerged on the second wave of the "something for/from nothing" culture that was launched in the internet "technology" boom where real value creation, actual utility, is irrelevant to the network effect of a fantastic idea strategially branded by capital. Even better if its draped in high-totem identity politik.
The kids trade on their phones with an open, even celebrated nihilistic cynicism of the entire system, full knowing it is all rigged - and so defect-defect it is! Its whales all the way down.
Hard to blame them for noticing. But the problem of cultural decay remains. Because the smart and motivated, even though they know its rigged, are still plowing their generative energies into the black hole. Just as the young girls dream of becoming an instagram influencer when they grow up.
The greatest ponzi in the world is not cap stacks in space, but rather the harvesting of children's potential into these black boxes of "wealth creation" that rob them of not just their savings played into the wrong end of a trade, but their faith and goodwill in each other, themselves, and their elders. A symptom of a broken people. Just as their unstated question, "why build anything real?", will echo through time, the real cost of which eclipsing the "losses" of infinitely refracted fiat.
It is worth contemplating how the crypto/gambling ponzi laundo schemes have emerged on the second wave of the "something for/from nothing" culture that was launched in the internet "technology" boom where real value creation, actual utility, is irrelevant to the network effect of a fantastic idea strategially branded by capital. Even better if its draped in high-totem identity politik.
The kids trade on their phones with an open, even celebrated nihilistic cynicism of the entire system, full knowing it is all rigged - and so defect-defect it is! Its whales all the way down.
Hard to blame them for noticing. But the problem of cultural decay remains. Because the smart and motivated, even though they know its rigged, are still plowing their generative energies into the black hole. Just as the young girls dream of becoming an instagram influencer when they grow up.
The greatest ponzi in the world is not cap stacks in space, but rather the harvesting of children's potential into these black boxes of "wealth creation" that rob them of not just their savings played into the wrong end of a trade, but their faith and goodwill in each other, themselves, and their elders. A symptom of a broken people. Just as their unstated question, "why build anything real?", will echo through time, the real cost of which eclipsing the "losses" of infinitely refracted fiat.