this post was submitted on 11 Mar 2025
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They are as cyclical as people are cyclical for falling for confidence scams again and again and again ... You can consider something based on how good an investment it is, or based on how ethical it is. Very seldom will both work out. People, don't cry about the rich getting richer, the poor getting poorer, assholes behaving more like assholes, and inflation skyrocketing when you normalize and even crowdsource this sort of relationship with your economy. Don't be surprised when the society that surrounds you is so burnout all you have to spend your money on is shit.
No. They are cyclical because of the way that crypto algorithms work, and the effects they have on the media and human greed.
This conversation isn't about ethics. It's about the silliness of the meme, but thank you. You are correct in saying that each individual investor needs to consider these issues as well.