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Re:‘We’re a Cult’: Inside Bitcoin’s Shameless Hypefest by throwaway82652 on Monday April 11, 2022 @02:58PM (#30993124)
I don't blame the crash, the wild price fluctuation is an intentional design of the system that should be entirely expected by anyone invested in this. Personally I always thought cryptocurrency was a broken concept but I was willing to let the enthusiasts do it as long as they kept it to themselves. It's their money, after all. Then a bunch of things happened like the crazy price gouging on GPUs, the energy costs skyrocketing and not showing any signs of slowing down, the mainstreaming of NFTs and pay-to-play blockchain gaming and other blatant scams, the report after report on high-profile hacks and frauds and rug pulls, etc.... and it's become apparent that the damage from this can no longer remain self-contained.

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