Nov 10, 2022
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I know nothing about crypto or NFTs and i would like to keep it that way but please tell me that crypto crashing means nfts are going away too? PLEASE
Crypto and NFTs have both experienced HUGE crashes over the past few weeks, leading to some absolutely delicious headlines like this:
But the most notable crypto-crash nightmare is definitely LUNA, founded by Do Kwon, a truly obnoxious and unlikable dude. In three wild months, Luna went from about $50 to almost $120 to... oh dear.
LUNA was a supposed "stablecoin" with low-risk frequently peddled by big finance-bro influencers on twitter. This crash is historic, unprecedented, and kind of hilarious. I'm still watching from afar with opera glasses while this goes down.
I bring you schadenfreude.
Inside the Cyrpto Crash with Zeke Faux by Adam Conover
Crypto is an anarcho-libertarian Ponzi scheme. Creating pretend currencies is not a rational economic strategy.
(via Bitcoin Burnt Chiffon Top by ZinnatBanli)
finally. it all comes to an end now