Mock

/mɒk/
verb
tease or laugh at in a scornful or contemptuous manner.

I think that this sums up much of those in leadership positions today, with those mocked being us, the people who they lead. The example they set is generally the antithesis of how people in a healthy society should behave, yet lead by example is still an effective education tool, and those led will mimic the behaviours of those they follow. In a society that has made the individual the focus, in a culture that has incentivised attention, in a world who chooses who to follow based on personality, we have made a mockery of civil society.

The latest crypto mockery is the Trump coins. The "political pull of POTUS" should now be called, the rug pull of POTUS. It is pathetic. Yet, there is a Pareto principle in play when it comers to the support, because as I have mentioned before, most people "in crypto" are actually in it temporarily, trying to make more fiat. They are beholden to the legacy economy, which ultimately slows down the growth of a healthier economy where people control their own destiny. The people buying into Trump tokens think they are making themselves richer, but what is actually happening is that they have made the rich, even richer percentage wise. It is another financial mechanism used to concentrate wealth into the tiny minority.

Good job.

And I think that this is one of the drawbacks of humanity. We are more intent on maximising ourselves, even if it costs us as a whole. We like it that we win, even if everyone else loses. Humans don't seem prone to creating win-win scenarios. I think this is evidenced in how we support our leaders too, where if they benefit us, they are good, even if they are fundamentally dictators, tyrants or oppressors. We support bad people, because they get us what we want faster.

Or bad ideas.

Crypto is a good idea for society, as it gives the chance to improve distribution of economic resources and in time, that can fundamentally improve our wellbeing. Yet, because we keep putting off changing for a better society by supporting the status quo where the chosen leaders are abusive, we keep sliding down the slippery slope of behaviour, and in a social death loop.

I don't think that this is the outcome anyone really wants, nor the direction anyone wants to go, but this is where we are headed, because that is where our actions are taking us. People think that they are winning at times, because they are focusing on narrow events, but they are trees in the forest. Look at the forest, and it is a net loss for us all. Even the wealthy, but they aren't going to feel it until it is well too late, because the are insulated for now.

Buying into rug-pulls and Ponzis is part of crypto. Remember Bitconnect?

BitConnect (BCC) was an allegedly open source cryptocurrency and the native token of the now-defunct ponzi scheme BitConnect. Launched in February 2016, shortly after the project itself, BCC aimed to function as the means by which participants in the BitConnect scheme invested and received payouts. Its tenure lasted almost two years, during which it hit all-time highs of $471 in December 2017, at the same time as Bitcoin’s run to just under $20,000. Thereafter, legal problems with BitConnect saw its organizers exit the scheme, leaving investors with nothing and the value of BCC at virtually zero, where it has remained ever since. At its height, BitConnect’s market cap was $2.5 billion, with estimates varying as to how much its founders gained when it shut down soon afterwards.

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with estimates varying as to how much its founders gained when it shut down soon afterwards.

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The trump token topped at $14B so far - how high will it climb? How low will it fall? Who really made money from it, and how many are going to get burned hard? Under normal circumstances you'd say, "this is crypto" but THIS is something different, because it is *government sanctioned. At least for now. If the Hawk Tuah chick was taken to task over her nonsense coin, what the fuck should happen when the President of the United States does the same? Remember, her token capped out at something like 12 million, not billion.

And that ended up in court.

What the fuck is this world we are living in now?

They're taking the piss out of us.

Take the piss out of

phrase
vulgar slang • British
mock or make fun of (someone or something)

But hey, as long as it is all entertaining, everyone is happy. At least while they are entertained. For the majority, at some point we will have to go back to struggle through a life that is being continually crushed and our wellbeing suffering, because we keep supporting the same system, over and over and over. We are not innocents in our plight, we are participants.

Hope you made some profit backing tyrants.
You can invest it into tobacco producers and drug cartels and make a bit more.

Taraz
[ Gen1: Hive ]