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RE: RE: Stablecoin Ponzis Are The New NFT Grift
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RE: Stablecoin Ponzis Are The New NFT Grift

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Yes i think Richard Heart exploits greed and that opportunist psychology so he's able to manipulate that. However i think it's a deeper rooted situation. if you go back to the 1950's to 1960's it's the era of families where you only need one earner.

So at this stage people live in an economy where it's alot more social cohesion between company and people and community. So that was the era where if your wife was pregnant your boss would go i need to give you a raise you having a baby. You wouldn't have to beg him for a raise. That's when capitalism in america worked the best.

The problem is by the time you get to the 1980's .. it's changed to the concept greed is good.. The idea of the selfish gene is in full effect. What else is in full effect is capitalism decline and it's road to destruction.

So the reason people move the way they move is because they are still under the false narrative that profit is more useful to them than social cohesion and companies, products or services that do good useful things.

The reason they choose the shitcoins is because they are still under the false idea that profit is better. Profit is not better if it were better the profit model would move our society to a more higher quality standard of living and it's not doing that because greed does not do that. That's why in the 50's and 60's companies didn't only adopt that quality .. but many other qualities and performed much better.

So it comes down to two ideas.. Either people are waking up to this and there is a natural bottleneck or delayed response.. or they still through lack of understanding believe profit and greed is good. Which is why they will select the shitcoins over bitcoin and lose all their money..

Why? because bitcoin greed index is much less and bitcoin is much more practical and solution based just like the social companies of the 50's and 60's than the shitcoins that promise 1600% returns a year, lol

I'll leave with this story themarkymark@themarkymark of hive punk nfts... do you know how to catch a monkey?

You find something shiny and create an aperture where as long as the monkey's hand is open it can proceed in and out of this aperture.

However when the monkey manniman@manniman latches on to the shiny item his greed won't allow him to release it.. His fist is now closed. Without an open fist the monkey is trapped edicted@edicted

His greed and lack of ability to reason has become his undoing.

@mykos: Yes i think Richard | Ecency