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Crypto update: LOL who cares, crime is legal (davidgerard.co.uk)
submitted 1 week ago by dgerard@awful.systems to c/buttcoin@awful.systems
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[-] TootSweet@lemmy.world 6 points 1 week ago

Beanie Babies -> Blockchain -> AI -> Quantum Computing.

I was about to make the joke that the next one in the chain would be a "bubble bubble". There have been bubbles around tulip bulbs, fiber optics, milk bottle caps, ".com". The joke was going to be something about how the next bubble would be a "meta bubble" - a bubble fed by hype over how "great" whatever the next bubble is going to be. But just as I was about to make the joke, I realized it wasn't actually implausible. That could literally be the nature of the next bubble.

[-] bitofhope@awful.systems 7 points 1 week ago

In a way every bubble economy is already a meta-bubble in that they don't just aim to generate hype about tulips, but also to generate hype about hype about tulips.

And like @YourNetworkIsHaunted pointed out, it's a pretty good description of private equity in general. More abstractly, every stock market crash is a consequence of some first-order bubble winning the meta-bubble race.

[-] YourNetworkIsHaunted@awful.systems 4 points 1 week ago

I mean isn't that A16z (Marc the mark and the funky accounting bunch?) whole business strategy? Eventually they gotta just cut out the middleman, right?

this post was submitted on 25 Mar 2025
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