Crypto, Cons and Real Money
I have limited sympathy for those who lost their shirt or pride in the cryptocurrency meltdown. Crypto is nothing more than the 21st century’s version of Amway. They just substituted block chains for circles. Other than that, it’s the same old schtick. It is a curiosity to me that people who have never taken a class in economics are sure they have a good bead on how to beat the system. They think that people who play by the rules are suckers. The smart people (like them—right?) use the odd hustle that plays the system and earns them easy money. These are the same people who loudly sing the blues when the “con” turns out to be on them. There is a saying among the sales community that people only buy for two reasons: need or greed. [There are several sayings among the loosely affiliated fraternity of salesmen, and few of them reflect kindly on the consumer, but that does not mean they are not accurate.] When it c...