The Wolf Den #437 - Is Crypto As Toxic As We Think?
thewolfden.substack.com
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. Newcomers to crypto may be surprised to learn that our space is not as friendly and inclusive as it appears. As prevalent as the “good mornings” and “good nights” are across Twitter, no amount of these cute expressions can ease the endless fighting that takes place within crypto communities.Toxicity is standard and the space is wrought with tribalism.Is our bubble as bad as we think? No, it's just a reflection of society as a whole. Our every day lives are full of the same toxicity and tribalism.Here are a few examples.Sports - Most bickering amongst fans is light-hearted and in good fun, but that has not stopped die-hards from harmful insults, fist fighting, and sometimes murder and deadly brawls. Sports are an escape from reality, that often are treated as much more than a friendly game. Most people choose their allegiance simply based on where they are born - one of the simplest forms of tribalism.Education And Public Schools - The system is far from perfect, with curriculum and decisions largely made based on local politics. Politicians at every level impact our children's educations, with a system that largely focuses on passing tests without learning real life skills. There is a constant and passionate battle over what happens in schools.The Healthcare System - The healthcare system in most countries is a train wreck. Regardless of where you live, the system is likely broken, with people dying because of inefficiencies, lack of concern, and poor practices. A simple procedure or prescription can leave someone destitute because of the inflated cost of healthcare and insurance. America has one of the most controversial, predatory and toxic systems in the world.The Legal System - Our freedom has afforded us a legal system that citizens have unfortunately learned to abuse. Americans live in fear of litigation, because you can sue someone for effectively anything. Lawsuits threaten the lives of disruptors, innovators, creators, and plain people trying to get ahead. Our companies even live in fear of litigation from regulators.In other countries that don’t allow their citizens to sue, authoritarian governments make the decisions for them. It's hard to win in this category.You see where this is going. I have barely even made it down my list. I haven’t discussed the food industry, housing, the environment, religion, banking, politics, or even warfare. Things in the crypto bubble seem bad because we are living down the rabbit hole and experience them every day, but they pale in comparison to the larger issues discussed above. We are better off than it seems.THERE WILL BE NO LIVESTREAM TODAY, SEE YOU NEXT WEEK FOR CHART REQUESTS!In This Issue:Is Bitcoin As Toxic As We Think?Analyzing Ethereum Holder Adoption - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsThis Major Oil Company Is Profiting From Bitcoin White Hat Hacker Strengthens Ethereum NetworkBybit Sponsors Red Bull RacingMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #437 - Is Crypto As Toxic As We Think?
The Wolf Den #437 - Is Crypto As Toxic As We…
The Wolf Den #437 - Is Crypto As Toxic As We Think?
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. Newcomers to crypto may be surprised to learn that our space is not as friendly and inclusive as it appears. As prevalent as the “good mornings” and “good nights” are across Twitter, no amount of these cute expressions can ease the endless fighting that takes place within crypto communities.Toxicity is standard and the space is wrought with tribalism.Is our bubble as bad as we think? No, it's just a reflection of society as a whole. Our every day lives are full of the same toxicity and tribalism.Here are a few examples.Sports - Most bickering amongst fans is light-hearted and in good fun, but that has not stopped die-hards from harmful insults, fist fighting, and sometimes murder and deadly brawls. Sports are an escape from reality, that often are treated as much more than a friendly game. Most people choose their allegiance simply based on where they are born - one of the simplest forms of tribalism.Education And Public Schools - The system is far from perfect, with curriculum and decisions largely made based on local politics. Politicians at every level impact our children's educations, with a system that largely focuses on passing tests without learning real life skills. There is a constant and passionate battle over what happens in schools.The Healthcare System - The healthcare system in most countries is a train wreck. Regardless of where you live, the system is likely broken, with people dying because of inefficiencies, lack of concern, and poor practices. A simple procedure or prescription can leave someone destitute because of the inflated cost of healthcare and insurance. America has one of the most controversial, predatory and toxic systems in the world.The Legal System - Our freedom has afforded us a legal system that citizens have unfortunately learned to abuse. Americans live in fear of litigation, because you can sue someone for effectively anything. Lawsuits threaten the lives of disruptors, innovators, creators, and plain people trying to get ahead. Our companies even live in fear of litigation from regulators.In other countries that don’t allow their citizens to sue, authoritarian governments make the decisions for them. It's hard to win in this category.You see where this is going. I have barely even made it down my list. I haven’t discussed the food industry, housing, the environment, religion, banking, politics, or even warfare. Things in the crypto bubble seem bad because we are living down the rabbit hole and experience them every day, but they pale in comparison to the larger issues discussed above. We are better off than it seems.THERE WILL BE NO LIVESTREAM TODAY, SEE YOU NEXT WEEK FOR CHART REQUESTS!In This Issue:Is Bitcoin As Toxic As We Think?Analyzing Ethereum Holder Adoption - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsThis Major Oil Company Is Profiting From Bitcoin White Hat Hacker Strengthens Ethereum NetworkBybit Sponsors Red Bull RacingMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO