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A comment on Do kwon sent $80M a month to secret wallets?. Parent comment

Re:Do kwon sent $80M a month to secret wallets? by qgin on Thursday June 09, 2022 @04:21PM (#31686288)
People buy crypto in hopes of getting rich.

The "revolution" story is what people tell themselves to morally justify getting rich off the money of later buyers.

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Re:Do kwon sent $80M a month to secret wallets? by ckastner on Thursday June 09, 2022 @04:37PM (#31686518)
> People buy crypto in hopes of getting rich.

That is the key.

People will believe anything if it helps them believe they'll get rich quick, whether it's that crypto is revolutionary, or that tulip prices can only go up.

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Re:Do kwon sent $80M a month to secret wallets? by robocat on Thursday June 09, 2022 @05:01PM (#31686822)
A few people do get rich with crypto (without even cheating).

The startup ecosystem is very similar: the large majority of founders and many employees[1] don’t win. A few win very nicely thank you very much.

[1] eg https://news.ycombinator.com/item?id=31595393

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Re:Do kwon sent $80M a month to secret wallets? by Scoundreller on Thursday June 09, 2022 @04:58PM (#31686787)
I’d say that’s why they hold crypto. Many more buy and don’t hold very long at all, to buy things where the seller may also not hold very long at all.
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