"[P]eople have largely stopped calling it crypto*currency* because no one is even pretending that it's a form of money. It's a tradeable collectible, not even particularly useful for paying for crimes or laundering money.
"Spacex is just a continuation of the logic of crypto, in which something is valuable because some people think other people will pay more for it in the future, and *not* because it does useful things...."
--Cory Doctorow,
Cory Doctorow (npub1fdr…lvhs)
https://pluralistic.net/2026/06/17/its-the-stupid-economy-stupid/#trillionairitis
