Tether's Troubles in November 2022

Re:Tether's Troubles in November 2022 by danrocks on Friday November 11, 2022 @07:41PM (#33568733)

This comment hits the nail on the head. Just this morning when I saw FTX and BlockFi's news I thought to myself "yeah all the electricity spent on this is bad, but the real problem is how many hours of human thought have been spent on coming up with these schemes just for them to blow up on our faces".

Crypto is like the mental virus in the movie "Pontypool" [0] - people are infected by it and cannot think about anything else.

[0] - https://www.rottentomatoes.com/m/pontypool

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Re:Tether's Troubles in November 2022 by mrbombastic on Friday November 11, 2022 @07:51PM (#33568795)

Is there a term for this type of highly interesting problem that is ultimately a waste of time? I have been calling it a “brain sink”in my head, it is deeply sad to me how many smart people have jumped on the bandwagon and what they could have done otherwise with their potential.

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Re:Tether's Troubles in November 2022 by shuckles on Friday November 11, 2022 @08:27PM (#33569055)

XKCD: https://xkcd.com/356/

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Re:Tether's Troubles in November 2022 by api on Friday November 11, 2022 @09:05PM (#33569278)

Now that the world is hyper connected we should expect an increasing number of increasingly virulent memetic plagues like this to emerge. Be skeptical out there.

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