What started as an attempt to get away from the worst kinds of financial capitalism turned into an absurdist parody of it.
A take away of mine from the whole saga is: it’s actually very hard to get money to do useful things.
Money “wants” to scam, pump and dump, and most of all to gamble. A casino is what every financial system “wants” to become. Take away the regulations and rules and casinos is all you get.
I feel like a loose analogy can be made with trying to build a heat engine, to get energy that “wants” to just dissipate into entropy to do useful work.
Maybe there’s some kind of weird connection there. Useful investments are a lot harder — meaning less thermodynamically favorable, less likely to exist, lower entropy — than scams and bullshit and gambling. If money has an easy way to flow why would it take the hard way?
We'll love bailing out the crypto scammers like we bailed larger banks.
None of us will benefit. Those who will, well, good for them, I suppose. That big pool will surely be full of, wet water, I suppose ?
It's not like anything matters anymore, right ? Enjoy !!!!