Crypto people are losing their minds right now. I am left wondering why they ever thought their silly tokens were worth anything in the first place.
In my experience they have been delusional.
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The invention of Bitcoin spawned an absolute industry of fraud and affinity knockoffs. On the btctalkforums someone asked how long it would take before others created coins and tokens of their own... well not long at all and it's amazing to me it's still going on.
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I think it is easy to under-estimate the naïvety and stupidity of humans and to over-estimate how quickly humans learn things they don't immediately need.
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To me it just looks like touching a hot stove. Touch it once ok... but again and again I mean let's just move on.
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I think people get a high off of it all. Trading I mean.
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