this post was submitted on 17 Aug 2023
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I think that's exactly right. It was a grift, after all.
I just don't understand how anyone could have fallen for it. Let alone people with this kind of money, who have all the information in the world at their fingertips. Is it just about them finding certain techbros charismatic? Ooh, they have money, I'd better give them my money so that I can have money too?
Flabbergasting, the whole lot of it.
Well both crypto enthusiasts and art collectors are very used to the notion that an asset is as valuable as what people are willing to pay for it, regardless of intrinsic value, so I don’t find it too surprising.