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12 sats \ 1 reply \ @SimpleStacker 12 Nov 2022 \ on: You Can Forget About Crypto Now bitcoin
The mindset of these "elites" is breathtakingly stupid.
Did this guy really say that palling around with Bill Clinton and being on the cover of Fortune were signals that SBF was somehow more legit? LMAO!
If anything, the more visible someone is in a short time and the more connected to power they are, the less I trust them.
This is why the world needs Bitcoin. If people had trusted the blockchain and self-custody, instead of hucksters like Scam-Bankrun-Fraud, we wouldn't be in this mess!
That's because of the arrogance of the elites. They are thinking of the rest as cattle (deplorables). Here's the choice quote:
But the problem is more fundamental than losing a bit of money. Crypto was built on the idea that you shouldn’t have to trust banks with your money, that people should be able to hold it themselves, hopefully somewhere a little more secure than a mattress. And though you can still technically do that, there’s no guarantee that the value of your tokens won’t someday plummet to zero, thanks to the actions of a few rogue billionaires with outsize effects on the market. This is, transparently, a terrible deal, and a seeming betrayal of that dream of crypto utopianism—the vision of a future without shady intermediaries.
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