Cynicus Rex

A hammer is a tool because no one but the hammer merchants gain financially if everyone were to buy a hammer. Crypto“currencies” are not purely tools but instead multi-level marketing pyramid Ponzi schemes because as soon as one has it they have everything to gain the more people buy it after them.

“Thirdly, early adopters mine or buy large proportions of the total supply at negligible costs while late adopters mine or buy negligible proportions at large costs. It follows that holders immediately have every incentive to get as many people to buy after them. Like stocks? Like stocks, but without the dividends or anything tangible in the real world [10]. Congratulations, you got yourself a pyramid scheme †.”

“† The stock market has largely become a pyramid/Ponzi scheme as well since most of the money does not exist and profits come from buyers or new entrants, i.e., the greater fool [16].” —Money corrupts; bitcoin corrupts absolutely, https://www.cynicusrex.com/file/cryptocultscience.html

It gives credence to greed incentivizing unethical contraptions.

Immoral baskets that incentivize greed are to be avoided.

Then they should transition away from multi-level marketing pyramid Ponzi schemes too. I deleted my Protonmail account when Proton began peddling crypto“currencies”.

Thanks for the share, had no idea. It felt so nice that I already added two contributions to OpenStreetMap.

“What’s a browser?” —the general populace

I just install uBlock Origin on every device I come across. Graffiti software.