I knew a guy who was majorly invested in crypto. Maybe had a few thousand usd worth invested. For him, it was a lottery ticket, with the hope of buying his way own of a life shitty jobs he felt he was trapped within. And perhaps he was indeed trapped. Surprisingly, people can’t magically jump into the labour aristocracy or petit bourgeois. I hear more and more that a lot of crypto is like a ponzi scheme and it makes me feel bad for people like him. It’s people like him who are perhaps the most susceptible.
What’s going on in crypto land? I’m out of the loop on all this
bitcoin has fallen from $71k to $17k in a year and now a major bitcoin exchange collapsed, because they were using their customers accounts as collateral for loans, then using those loans to invest, which only works as long as the market goes up forever and ever, if it goes down even slightly you owe $300 trillion somehow
And before anyone says anything, I know he’s a lib lol. But he has good hitman speedrun videos and occasionally puts out something else interesting like this.
Pretty good video, thanks for linking. And honestly idc what ideology you prefer, if you can do Hitman speedruns properly, I have to respect you at least a bit, ESPECIALLY if they do it Suit Only Silent Assassin
I knew a guy who was majorly invested in crypto. Maybe had a few thousand usd worth invested. For him, it was a lottery ticket, with the hope of buying his way own of a life shitty jobs he felt he was trapped within. And perhaps he was indeed trapped. Surprisingly, people can’t magically jump into the labour aristocracy or petit bourgeois. I hear more and more that a lot of crypto is like a ponzi scheme and it makes me feel bad for people like him. It’s people like him who are perhaps the most susceptible.
What’s going on in crypto land? I’m out of the loop on all this
bitcoin has fallen from $71k to $17k in a year and now a major bitcoin exchange collapsed, because they were using their customers accounts as collateral for loans, then using those loans to invest, which only works as long as the market goes up forever and ever, if it goes down even slightly you owe $300 trillion somehow
This guy has a pretty quick breakdown of what happened here https://youtu.be/--lJUyNyvek
And before anyone says anything, I know he’s a lib lol. But he has good hitman speedrun videos and occasionally puts out something else interesting like this.
Pretty good video, thanks for linking. And honestly idc what ideology you prefer, if you can do Hitman speedruns properly, I have to respect you at least a bit, ESPECIALLY if they do it Suit Only Silent Assassin