Most cryptobros don’t give a shit about the moral or ethical implications of what crypto they invest in, what they represent, etc. They just want line go up. No different than investors who invest in diverse ranges of companies. Hedge funds will invest in fossil fuel giants right alongside ecotech startups. The only thing that matters is return.
I think it’s just a slight step up above greater fool theory. The only difference is that they’re better charlatans by pretending to participate in either tribe, still enforcing the tribal culture.
Most cryptobros don’t give a shit about the moral or ethical implications of what crypto they invest in, what they represent, etc. They just want line go up. No different than investors who invest in diverse ranges of companies. Hedge funds will invest in fossil fuel giants right alongside ecotech startups. The only thing that matters is return.
Hooray for non-tribalism?
I think it’s just a slight step up above greater fool theory. The only difference is that they’re better charlatans by pretending to participate in either tribe, still enforcing the tribal culture.
“Most” is doing some heavy lifting. There are for example some Ethereum “maximalists” who are extremely tribal.