#CryptoCultScience

Angelino Desmetstardust@fosstodon.org
2025-03-07

@patrickleavy @signalapp Signal supports and peddles a crypto"currency", i.e., a techbro pyramid scheme. Anything that touches these insidious contraptions and doesn't become aware of its greed-inducing soul-destroying qualities goes into a decline.

arscyni.cc/file/crypto_cult_sc

#CryptoCultScience

Angelino Desmetstardust@fosstodon.org
2025-02-25

An overview of why crypto"currencies" are unethical greed-incentivizing pyramid schemes: arscyni.cc/file/crypto_cult_sc

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@veroandi #CryptoCultScience #PyramidScheme #Ponzi

Angelino Desmetstardust@fosstodon.org
2025-01-16

Almost without fail, every service that touches creeptocurrencies goes into a decline.

Don't expect Proton to make virtuous ethical choices anytime soon, especially now that Trump joined the cult. Once the greed bug has bitten, making a profit supersedes delivering a good product as the primary objective.

arscyni.cc/file/crypto_cult_sc

fosstodon.org/@stardust/112404

@Xavier @protonprivacy #CryptoCultScience #PyramidScheme #Ponzi #MLM #Proton

Angelino Desmetstardust@fosstodon.org
2024-12-05

Crypto Cult Science
“Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin's shortcomings, a financial instrument that brings out the worst in people—greed—won't change the world for the better.” —arscyni.cc/file/crypto_cult_sc

#CryptoCultScience #bitcoin #greed #PyramidScheme #CryptoCurrency

Angelino Desmetstardust@fosstodon.org
2024-03-29

Reposted my “Money corrupts; bitcoin corrupts absolutely” essay on Hacker News because these pyramid schemes are gaining traction again. Sigh.

cynicusrex.com/file/cryptocult
news.ycombinator.com/item?id=3

#crypto #scam #greed #HackerNews #latestagecapitalism #CryptoCultScience #ponzi

Angelino Desmetstardust@fosstodon.org
2024-01-11

“Spot #Bitcoin ETF receives official approval from the SEC” news.ycombinator.com/item?id=3

The #SEC giving credence to multi-level marketing pyramid Ponzi schemes, sigh. It's sad and disappointing because it means someone succumbed to greed once more. One of the most insidious human flaws.

cynicusrex.com/file/cryptocult #CryptoCultScience

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