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An apocalypse is a disclosure or revelation of great knowledge. In religious concepts an apocalypse usually discloses something very important that was hidden or provides a “vision of heavenly secrets that can make sense of earthly realities.”
Now the “cryptocalypse” is that NFTs might be a big ponzi, DeFi with high APIs even big ponzis and Metaverse real estates mightly big scams.
Jacob Silverman Shill Shared: No one could’ve known that the great recession of 2022-2026 would start with a guy mortgaging his house to buy stable coins, spending $400k for an ape NFT, taking out an NFT loan, staking the loan for 17000% APY, then losing it all to a smart contract coding error and/or rug pull.
Community Response: I was told NFTs were risk free and definitely not a Ponzi. Can one buy an NFT of a Tulip Bulb?
You can buy NFTS in Open Sea, which is a centralized market for decentralization, you can buy an NFT of an “Invisible Tulip Bulb”.
OpenSea automatically likes critical comments of those who use the terms NFT and OpenSea – what a great representation of the idiocy of the crypto cult.
I’m hoping for a few documentaries about all the crypto fraud going on. They’ve been warned. This isn’t like 2008, where no one could see the economic calamity coming. It’s like we’re living in a sequel to The Big Short, and the people who think they can get rich quick are still falling for the hustle.
Yeah, everyone can see this one coming. It’s so obviously a hype bubble. Crypto-bros can buy this NFT to feel patriotic and/or libertarian and satiate some of their other longings.
And the million-dollar purchase of an acre of virtual land with all the money you hand is going to be yet another scam like NFTs.
No point in blaming anyone. Who do you blame? The person that made the decision or the platform that makes it possible to take this kind of action. Does that mean because the opportunity to take these kinds of action exists? That means it’s a crime to be able to do so? BTW, I want regulation.
In all seriousness, I don’t see the cryptocalypse™ taking down the world economy *unless* some big financial organizations are into it far more than they are claiming to be. (But then whole thing is mirrors, string and baling wire. Nothing would really surprise me.)
