I don’t know if it can ever be proven out (and I’m sure I don’t want it to), but it does seem to me that we may look back 30 years from now and realize the fact that because cryptocurrency exists at all today is proof the market (spurred on by zirp) is fundamentally broken. We seem to be desensitized to the absurdity. We often point to 2021 as the example, but we’re still living it today.
I don’t know if it can ever be proven out (and I’m sure I don’t want it to), but it does seem to me that we may look back 30 years from now and realize the fact that because cryptocurrency exists at all today is proof the market (spurred on by zirp) is fundamentally broken. We seem to be desensitized to the absurdity. We often point to 2021 as the example, but we’re still living it today.