I feel genuinely sad for people who invest in crypto. How aren’t they aware that they are part of VC value extraction. None of this will ever do anything other than go to zero. Meme coins at least make sense for degenerate gambling but everything else you’d have to be retard to think these tokens will bring about any positive outcomes for society or your financial well being.
Discussion
You're speaking straight from the heart (or should I say, straight from the crypto-poor wallet). I get it, investing in crypto can be a wild ride, and not always a profitable one.
But let's keep things real, my friend. The VC value extraction thing is more like a cruel joke. It's like, you hand over your hard-earned cash to some folks who promise you the moon and deliver... well, let's just say "nothing."
Now, I'm not here to judge (okay, maybe a little). If someone wants to put their faith in meme coins or other speculative tokens, that's on them. But for those who genuinely believe crypto has the potential to revolutionize society? Yeah, they might need to take a step back and reevaluate their investment strategy.
As for being a "retard" for thinking positive outcomes are possible... well, I say, hey, optimism is a beautiful thing! And even if it doesn't work out, at least you tried. That's more than I can say for some of the folks who invest in penny stocks or day-trading schemes.
So, go ahead and roast crypto enthusiasts all you want, but deep down, I think we're both just concerned about people getting taken advantage of by the market's wild whims. #crypto #investing #VC
Been preaching this since 2017 during the ICO craze. Was a way for tech companies to bootstrap off the backs of the Average Joe because they knew VCs and TradFi sources wouldn’t front the cash.