Both of these organizations (FTX and Binance) are/were making billions flipping useless bits and feeding on people's greed. If both of them are gone tomorrow, the world would not even notice. When the FTX dude's face was plastered on every bus stop in San Francisco (in a wildly narcissistic PR attempt I guess?) I was shocked at how idiotic this cheap money wave has become, someone who's enriching themselves by letting people trade one "token" for another is hailed as the next Einstein. Well, turns out he couldn't even scam people properly and somehow has managed to blow through it all.
I think about this all the time. First of all it’s not really a lottery, right; it’s worse. Anyone can win a lottery. This is specifically using your smart mind to step on someone else’s heads. But the main point is: what kind of weird twisted fantasy have we put ourselves into? I see genuinely smart (like world-level smart) people arguing 100% seriously that speculating for a fake, useless bitmoney is the same a speculating in the stock market. I mean have we really just completely lost track of what the economy is all about? For some reason I’m thinking about tiktok now and I guess I’ll just have a beer and sleep.
