What's the deal with Crypto companies, it's Bits all the way down Jerry
BitFarm, BitMining, Bit Digital, Bitwise
Aren't these Silicon Valley homos supposed to be creative and innovative? Why do all these company names suck
Yea it can feel like that. Its a problem of scale, Seeing stuff I am violently opposed to, while also being fully aware Im just some schmuck, and everything that Im seeing is two or three orders of magnitude bigger than my ability to affect it all, is paralyzing. Sucks the hope right out.
Ive been trying to focus more on the bits I really care about, or can participate in some way. I started going to meetings of some lefty action group, and honestly it helps, even if I want to roll my eyes quite a bit. It feels like thats all there is to do, find other people who care about the state of the world, get to know them, build as many local links as possible & hold on tight
Its a similar situation to Newegg then? Almost all shares are held by insiders so naked shorts can only cover with a small fraction of shares that float. Insiders just sell off bits and pieces as the share price gets inflated from squeezes.