• Aceticon@lemmy.world
    link
    fedilink
    English
    arrow-up
    10
    ·
    4 months ago

    Seeing the whole thing as Knowingly Trading in Hype is actually a really good insight.

    Certainly it neatly explains a lot.

    • rottingleaf@lemmy.world
      link
      fedilink
      English
      arrow-up
      15
      ·
      4 months ago

      Also called a Ponzi scheme, where every participant knows it’s a scam, but hopes to find some more fools before it crashes and leave with positive balance.