Seriously. They talked about smart contracts, Decentralized Autonomous Organizations, and made it sound like NFT’s would replace your mortgage.
Instead we got jpegs of monkeys and Logan Paul hustling digital eggs, and everyone trading on speculation with no one actually building anything other than scams.
I mean, the legitimate stuff is all still there and it’s all still growing. But it was eclipsed by a bunch of assholes trading tulip bulb scams. Now that the scams are no longer profitable and have mostly pulled up their stakes, everyone’s like, “Well I guess crypto was a bust, then!”
No one blames tulips for the bulb bubble. The bulbs all still worked just fine after the tulip market crashed. But you didn’t see it filling every page of every newspaper anymore, and that’s a good thing.
Of course there is also the fact that you basically cannot use crypto for any legitimate purpose anymore due to draconian AML laws that have been passed in the last ten years specifically to fuck with crypto.
Seriously. They talked about smart contracts, Decentralized Autonomous Organizations, and made it sound like NFT’s would replace your mortgage.
Instead we got jpegs of monkeys and Logan Paul hustling digital eggs, and everyone trading on speculation with no one actually building anything other than scams.
I mean, the legitimate stuff is all still there and it’s all still growing. But it was eclipsed by a bunch of assholes trading tulip bulb scams. Now that the scams are no longer profitable and have mostly pulled up their stakes, everyone’s like, “Well I guess crypto was a bust, then!”
No one blames tulips for the bulb bubble. The bulbs all still worked just fine after the tulip market crashed. But you didn’t see it filling every page of every newspaper anymore, and that’s a good thing.
Of course there is also the fact that you basically cannot use crypto for any legitimate purpose anymore due to draconian AML laws that have been passed in the last ten years specifically to fuck with crypto.
Out of genuine curiosity, what’s the legitimate stuff?