I've been contempt and pity for people who put all of their money in the Terra/Luna stablecoin. The $44Bn rugpull has come, and here's the plug pull.
I think this essay at Red Sails summs up the problems best with crypto. The result is catastrophic: multiple glorified variants of a furnace which directly consumes natural resources to generate heat and imaginary good boy points. No production of any use to anybody. Capitalism in one of its most suicidal modes.
And, back to coinbase, the seem to have locked the exchange, and/or have been having extensive "technical difficulties" when people try to get their money out.
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timeasmymeasure
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Date: 2022-05-12 10:42 pm (UTC)I think this essay at Red Sails summs up the problems best with crypto. The result is catastrophic: multiple glorified variants of a furnace which directly consumes natural resources to generate heat and imaginary good boy points. No production of any use to anybody. Capitalism in one of its most suicidal modes.
And, back to coinbase, the seem to have locked the exchange, and/or have been having extensive "technical difficulties" when people try to get their money out.