Web3 truly is a fucked up space. All of the fuckertry happening over here is out of control. Literally a dystopian shithole of scams frauds crimes theft and ponzi schemes.... As much as i try to defend web3 since im a web3 dev it's getting real fuckin hard. The more i work in this space the more i understand economics and how all of this shitshow flows.

Without diving into details, I'll tell you right now from a very deep economic perspective: i realized that all of these cryptos are just.. shams, quasi buzz words to keep the "investors" giving them money. Essentially like wolf of wallstreet scams mixed with bernard madoff multi billion dollar ponzi schemes. The "investors" earn a lot of money.... But on paper! As unrealized gains. And by the time they are able to withdraw their money, that money becomes worthless because of insufficient liquidity in the pool that has been drained from top to bottom of the pyramid. So the only person truly getting filty rich is the one on top of this pyramid - the founders!

After the FTX disaster that happened 2 days ago the prices of ALL coins dropped drastically and it isnt stopping. So much for your glorified "decentralization" 😹😹😹😹😹

How can something be decentralized if its enough for 1 influential man to tweet some shit and the company/token price value drops or increases within minutes? In this case the whole of crypto got sliced by 1 influential man... Again. It's only a matter of time until someone else goes bankrupt and cycle repeats... Again.