Heads, Shoulders, and Feet

By -

I’m no Luddite. All my life, I have enthusiastically embraced great new technology. Macintosh in early 1984. My first Tesla in 2011. Netflix in the 1990s. Google in 1997. Amazon during their earliest days. I know good technology when I see it. Hell, the book I wrote in 1982 predicted with breathtaking accuracy the Internet and its implications. So I’m not some old man chasing kids away from his lawn with a cane. I know tech.

Yet I’ve always felt the need to piss all over the crypto scene. Cryptos are a solution in search of a problem. The best they were able to conjure up was that Ethereum was going to be the way that everyone created contracts. Uh-huh. Let’s check in to see how the Ethereum revolution is going.

Here’s the twink who invented Ethereum. Looks like the kind of guy ready to all lead us into a new future of commerce, doesn’t he?

What strikes me, as a chartist, is how even though we’ve already seen cryptos lose from 80-90%, they are still INCREDIBLY BEARISH. Here’s a gallery.

And in case you think the HODL freaks have learned their lesson, think again. Here’s the top comment from an article this very morning about how Ethereum was falling.

Mark This Post as a Favorite