Public
- Public
- Network
- Groups
- Featured
- Popular
- People

Screenshot: If ever there was a case for the triumph of faith over reason, one would need to look no further than the stratospheric growth of cryptocurrency between 2018 and 2021. The crypto community managed to convince thousands of investors that infinite growth was not only inevitable, but that an investment bubble was mathematically impossible. This, of course, was a lie, and the implosion of FTX and the downfall of its founder, Sam Bankman-Fried showed once and for all that pretty much the entire crypto industry was a Ponzi scheme stood on top of layer cake of fraud.

Download link

Screenshot: If ever there was a case for the triumph of faith over reason, one would need to look no further than the stratospheric growth of cryptocurrency between 2018 and 2021. The crypto community managed to convince thousands of investors that infinite growth was not only inevitable, but that an investment bubble was mathematically impossible. This, of course, was a lie, and the implosion of FTX and the downfall of its founder, Sam Bankman-Fried showed once and for all that pretty much the entire crypto industry was a Ponzi scheme stood on top of layer cake of fraud.
https://media.mastodon.scot/mastodon-scot-public/media_attachments/files/111/477/119/987/766/383/original/ad85970e3539d799.jpg

Notices where this attachment appears

Embed this notice
Peter Nimmo (peternimmo@mastodon.scot)'s status on Sunday, 26-Nov-2023 22:39:48 JST Peter Nimmo

Emily F. Gorcenski sums up #cryptocurrency beautifully. Just part of an amazing essay on the perverse #ethics of the #techbros. I think she's mostly correct on the #theology parallels. A long read, but highly recommended
#AI
#tech
#EffectiveAltruism
#Web3
#longtermism
#metaverse
#singularity
#OpenAI
#ChatGPT
@emilygorcenski
https://emilygorcenski.com/post/making-god/

In conversation about a year ago from mastodon.scot permalink