Crypto Enthusiast Motivations
Discussions center on the motivations of crypto supporters, debating whether they are driven by genuine technological belief or primarily by greed, speculation, FOMO, and financial self-interest to hype and profit from investments.
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Well you describe them as "crypto enthusiasts" so maybe the part of the crypto community you are interacting with is self-selecting?
I'm not seeing it. If crypto has a resurgence, it will only be because wealthy people invest in it to enable shady behavior.
There's a lot of people who have their money tied up in the crypto space. If it takes off, they get rich without doing anything. If it crashes, they become poor. So they have a huge incentive to push crypto even if it's not actually good for anyone but themselves.
It’s possible but there are a lot of people invested in crypto and they’re not all fools. There are a lot of people that have never invested in crypto and they’re definitely not all fools.
Funny how other crypto bros would say the opposite.But hey now you got my interest: if it's not for normal people for whom is crypto then in your opinion?
Crypto sounds like a winner. When would you bet against greed and FOMO?
Hackernews is full of people who know what they are doing. Blind faith is rarely what we use to be who we are.But I have to add: if you are rich enough and have money to spent, why wouldn't you believe in crypto? It's like web3: it takes a lot of knowledge to figure out what it is really about. Rich people don't have this time because they are busy. Why shouldn't we monetize this? If people really want to believe in fairy tales and it doesn't hurt anyone then you shou
Lots of people making bank in crypto have just been involved a long time. It's not all wealthy investors gambling, some believed (and still believe) the tech will make a meaningful positive difference in the world.
good luck trying to instill that in the mind of people in cryptoa lot of them are naively thinking "crypto will become the new world, i believe in it, it's obvious, we have to do it, we have to free the people from "
How is that odd? Crypto subreddits are full of posts describing exactly the above situation. People are trying to get rich quick, without understanding what "be your own bank" requires in terms of security.