In Bangkok, ads for crypto everything and NFT stuff are ubiquitous. One of the biggest campaigns says “Join the Crypto Revolution.” I’m sure a lot of people are buying into this lottery who really should not.
Meanwhile in the consumer protection paradise of the EU, I went to watch the Giro d’Italia bicycle race and there were ads everywhere for the “Official Giro NFT.”
The beast hungers for the many…
Have you seen time square anytime over the last 2 years? its atrocious, worse than the ICO days
Nope, I’m going to NYC soon for the first time since 2000… Times Square is not on my bucket list but I will keep an eye out!
Better now than later. The longer this illusion takes to unravel, the more innocent people will get sucked in.
Nowadays though, the crypto folks are running huge ad campaigns in mainstream media at least in some places (the ad campaigns were huge when I recently visited South America). The consequence is that innocent people who happen to be financially uneducated and perhaps a bit naive are sucked into this stuff, and it is our duty as a society to protect people from that.
Not everybody can be an expert in finance, and not everybody should be! That's the point of division of labor. That's why a moderate amount of regulation that protects non-experts against being taken advantage of makes some sense.