In the last decade alone, the crypto bubble did a speed run from boom to bust. Demonstrating exactly how 19th century laissez-faire finance caused the Great Depression. The obsession with cryptonomics was driven by a complete loss of public confidence in the possibility of trustworthy finance institutions. Which in turn, was caused by the GFC.
(2/?)
Strypey /
npub1pw…qtc65
2024-07-24 14:15:20
in reply to nevent1q…2070
Author Public Key
npub1pwwm8s9zxssfm3aqv3g4fvqfh9kglr76m5z434cymju9gp9jhwwqdqtc65Published at
2024-07-24 14:15:20Event JSON
{
"id": "ea44caaf050ba362b9a00444b59316143677b94aa9052aed8ba3ff25f92edf25",
"pubkey": "0b9db3c0a234209dc7a0645154b009b96c8f8fdadd0558d704dcb85404b2bb9c",
"created_at": 1721823320,
"kind": 1,
"tags": [
[
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"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://mastodon.nzoss.nz/users/strypey/statuses/112841413146365651",
"activitypub"
]
],
"content": "In the last decade alone, the crypto bubble did a speed run from boom to bust. Demonstrating exactly how 19th century laissez-faire finance caused the Great Depression. The obsession with cryptonomics was driven by a complete loss of public confidence in the possibility of trustworthy finance institutions. Which in turn, was caused by the GFC.\n\n(2/?)",
"sig": "f99773747687de9aa3c2a398bf2b27f41986f43d2514d705eddcf3bed2e5f493c8a6c4136a1dec6a9fbf21398bc0676fcbcea5052db01c58f4f1af93eae1f260"
}