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As Warren Buffet said, crypto never created value. These "coins" were just silly trinkets, like tulips, intrinsically worthless.

As Warren Buffet said, crypto never created value. These "coins" were just silly trinkets, like tulips, intrinsically worthless. | BOY. IT ONLY TOOK ABOUT A WEEK FOR ALT-RIGHTIES TO STOP PRAISING CRYPTOCURRENCY AS A PARALLEL FINANCIAL SYSTEM THAT WOULD TAKE DOWN "BIG GOVERNMENT FIAT MONEY" AND START DEMONIZING IT AS A "DEMOCRAT MONEY-LAUNDERING SCHEME"; IN REALITY, CRYPTO'S JUST THE SAME AS IT EVER WAS: A THINLY-VEILED PONZI SCHEME WHOSE GAME OF MUSICAL CHAIRS FINALLY STOPPED. | image tagged in ftx implosion crypto crash | made w/ Imgflip meme maker
63 views 1 upvote Made by Slobama 2 years ago in Politics_Redux
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There's already a whole cottage industry of conspiracy theorizing over the recent FTX crash, tying into the existing RWNJ multiverse of an alleged web of Biden corruption in Ukraine.

Don't waste your time. Alt-righties are just big mad that this Sam Bankman-Fried guy was a Democratic Party donor - not to mention, Jewish to boot. So this latest crypto crash also goes into the same bucket to swirl around with thousand-year-old anti-Semitic tropes.

In reality, crypto has been in deep trouble for some time now - whether traditionally crypto-curious alt-righties knew it or not.

For some plain common sense on the crypto subject, you could do worse than Warren Buffet.

https://sports.yahoo.com/warren-buffett-dismissed-bitcoin-worthless-092907947.html
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BOY. IT ONLY TOOK ABOUT A WEEK FOR ALT-RIGHTIES TO STOP PRAISING CRYPTOCURRENCY AS A PARALLEL FINANCIAL SYSTEM THAT WOULD TAKE DOWN "BIG GOVERNMENT FIAT MONEY" AND START DEMONIZING IT AS A "DEMOCRAT MONEY-LAUNDERING SCHEME"; IN REALITY, CRYPTO'S JUST THE SAME AS IT EVER WAS: A THINLY-VEILED PONZI SCHEME WHOSE GAME OF MUSICAL CHAIRS FINALLY STOPPED.