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Benefit of the hindsight (sub.wetshaving.social)
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[-] AA5B@lemmy.world 1 points 2 months ago* (last edited 2 months ago)

There were enough layers in that pyramid and enough years in construction to have room for more people to make a buck.

What’s the difference between a scam and a bubble, and is the bubble more legitimate or just a bigger, longer scam?

  • NFTs were a misuse of blockchain giving no real value. Plus it was very short term and really only rewarded scammers and manipulators. A true scam.
  • Crypto is better thought out and actually could serve as a currency. It has a bit more staying power and even enriched a few non-scammers. Does that make it a “bubble” ?
this post was submitted on 02 Jun 2025
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