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Joined 9 months ago
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Cake day: March 23rd, 2025

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  • LOOOOLOLOL. I think there are some initial investors who, in the beginning, legitimately thought it would be a good deal. At this point, the investments are driven by hype, and investors know they are, but they’re gambling that they can ride it to the top without being caught holding the bag. That’s why it will collapse violently. Because the moment it starts going down, everyone is going to dump it.

    This is it. Bubbles happen BECAUSE investors know what they are doing. They ride the bubble hard, hoping to get out just before it pops. The later you jump, the more you gain. Unless you jump too late.

    All this, including the popping of the bubble, is done on purpose.

    High-level capitalism is certainly the place where you should never mistake mallice with incompetence.







  • The concept of a “corrupt industry” doesn’t really make sense.

    Corruption only works in non-profit/political/governmental contexts. It’s when you have a job that requires you to value some specific higher goal more than your own personal benefit.

    The whole purpose and the higher goal of an industry, same as capitalism in general is personal benefit. A capitalist cannot be corrupt. Or to put it differently: The thing that would make e.g. a public servant corrupt is the modus operandi of capitalism.

    Edit, since a lot of people don’t seem to get it:

    Corruption means that you have some higher purpose that is corrupted in favour of personal gain.

    Capitalism has no higher purpose than personal gain. A capitalist prioritizing personal gain is not corrupt, he is a capitalist.

    Saying a capitalist is corrupt is like trying to make water wetter or trying to burn a fire.

    What we call corruption for a public servant is ideal behavior for a capitalist.