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A comment on As a Crypto Winter Descends, Celebrities Quietly Delete Their NFT Profiles. Parent comment

Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by paulryanrogers on Thursday June 23, 2022 @08:38PM (#31856707)
Once everyone understands the fundamentals there may be no greater fools left. That would be recipe for an 'apocalypse'.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by EarthLaunch on Thursday June 23, 2022 @10:08PM (#31857115)
It's going to be a long time before even a significant minority of people understand the fundamentals.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by bergenty on Thursday June 23, 2022 @09:45PM (#31857034)
It’s possible but there are a lot of people invested in crypto and they’re not all fools. There are a lot of people that have never invested in crypto and they’re definitely not all fools.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by HWR_14 on Thursday June 23, 2022 @10:12PM (#31857133)
"Greater fool" is a technical term, not a judgement.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by bergenty on Thursday June 23, 2022 @10:18PM (#31857161)
The underlying implication turns out to be pretty literal.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by xwolfi on Friday June 24, 2022 @03:12AM (#31858619)
Greater dreamer works as well. The most important part is the infinite growth of expectation.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by nailer on Friday June 24, 2022 @04:24AM (#31859042)
It's both.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by the_biot on Friday June 24, 2022 @02:45AM (#31858488)
Yet pyramid schemes/MLMs keep popping up, for decades. Their model isn't so different from what motivates people who get caught up in cryptocurrency and NFT scams.
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Re:As a Crypto Winter Descends, Celebrities Quietly Delete T... by eliaspro on Friday June 24, 2022 @06:21AM (#31859778)
The principle of the "daily ten thousand" ensures there's a constant supply of new fools... https://xkcd.com/1053/
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