Re:The crypto crisis has created an advertising vacuum
by woodruffw on Monday July 04, 2022 @04:00PM
(#31981152)
> They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping.
This doesn't accurately reflect the source of my opprobrium, or many other commenters here. I don't particularly care about whether cryptocurrencies make people stinking rich. I care that they're terrible for the planet, morally and civically corrosive, and have hurt people that I care about (in the forms of scams, lies, and false advertising around returns).
As far as I concerned, many (but not all) of these critiques apply to the last 15 years of startups as well. The proximate causes might be slightly different (adtech and cheap VC money), but the outcomes are very similar. So you won't find me dancing on one grave and sobbing over the other. I'll be practicing my Hopak[1] instead.
This doesn't accurately reflect the source of my opprobrium, or many other commenters here. I don't particularly care about whether cryptocurrencies make people stinking rich. I care that they're terrible for the planet, morally and civically corrosive, and have hurt people that I care about (in the forms of scams, lies, and false advertising around returns).
As far as I concerned, many (but not all) of these critiques apply to the last 15 years of startups as well. The proximate causes might be slightly different (adtech and cheap VC money), but the outcomes are very similar. So you won't find me dancing on one grave and sobbing over the other. I'll be practicing my Hopak[1] instead.
[1]: https://www.britannica.com/art/hopak