The funniest part of the #cryptocrash is seeing the libertoloids and cryptobros trying to isolate the individual causes of the crash as «yeah, _this_ was a #Ponzi scheme, but #cryptocurrencies as a whole aren't». It's just an unregulated speculative asset designed to grow in value the more idiots buy in it.
On the plus side, we have that they've gone quiet on its usefulness as a “store of value” that is immune to the inflation caused by governments printing money —and very well they should, since BTC has been stuck around 20K for months now, so it has basically lost as much value as the equivalent amount in State-controlled fiat currencies (if not more, depending on how the new 16-going-for-15K ends).
The annoying part of the #cryptocrash is that those still invested in the #scam are trying to paint the #bitcoin loss of value as an “opportunity” (to get more idiots in and thus pump the price up again).
You haven't heard the best part of it: #cryptobros are now out in mass advertising a new social network that is “better than #Twitter and better than #Mastodon”. All links include a per-account referral. Anybody wants to bet this crapola has a hidden #miner that distributes profits based on sign-ups?
