Robert ReichNov 23, 2022

Out of control speculation led to the Great Crash of 1929.

Wall Street deregulation led to the financial crisis of 2008.

Crypto delusion led to the crypto crash in 2022.

The worst is yet to come — just look at FTX.

All Ponzi schemes topple eventually. Crypto is no different.

Show threadFederation Bot
@rbreich there are some exceptions, like Cardano and Ethereum, which are used to purchase Web3 labor and services in their respective blockchains. But like the vapor coins, they are teetering on the same house of cards.
Nov 24, 2022 at 2:33amWeb