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mk  ·  989 days ago  ·  link  ·    ·  parent  ·  post: The Crypto Movement Is Destroying Itself

This is a very bad take. Bitcoin meant crypto to most people in 2017, but it no longer meant crypto then, and surely doesn't now. Of course, Bitcoin has devolved into a ponzi scheme. It doesn't look like a network supported by transaction costs (as Satoshi envisioned) can ever happen because blocks remain capped. So BTC hodlers always need more speculative demand.

But to conflate Bitcoin with the crypto movement today is clueless or dishonest. kleinbl00s AOL IM analogy is on the mark.

Warner Bros. dropped Space Jam NFTs on Ethereum yesterday: https://variety.com/2021/digital/news/space-jam-new-legacy-nft-lebron-james-1235016220/