Crypto = Akin to Financial Pornography - Hedge Fund Alpha (formerly ValueWalk Premium)

Crypto = Akin to Financial Pornography

Headline:
Crypto-Industry Littered With Illegitimate + Sleazy Financial Actors.

Q3 2022 hedge fund letters, conferences and more

It Ought To ALWAYS Be A Red Flag When Industry Leaders Cannot Precisely Describe Their Business In 25 Words Or Less…

As Was The Case With Enron’s Jeff Skilling + Kenneth Lay…A Little Over 20 Years Ago.

Now These Same Ambiguous Tactics Are Being Deployed By Crypto’s Sophomoric Evangelists.

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The Cult-ish Crypto-Crowd Fancies Itself As An Alternative/Digital Currency…Powered By Legitimate Block-Chain Technology…In The Tech-World Of Distributed Finance.

Yet…At Best…The Crypto Market Is Nothing More Than A Frontier-ed Asset Born In Illegality…By Criminally Intended Computer Geeks…To Provide A Uniquely Un-Traceable Electronic Shield To Conceal Their Illicit Financial Dealings…Which…In Actuality…Is Rather Clever.

However…Crypto Has Now Evolved.

Recently…High Profile Celebrities [Brady + Curry + Damon + Kardashian] Were Recruited To Brilliantly Promote…What Increasingly Could/May Be Viewed As Electronic “Snake-Oil”…Despite Trusted Data Exchange Enabled By Block-Chain.

Unfortunately Block-Chain’s Substantial Digital Attributes Have Been Clouded + Reputationally Hijacked Into A Highly Volatile Monetary + Speculative Monster… aka Crypto…

By An Inexperienced + Unsavory Den Of Thieves.

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Crypto’s Nerds Correctly Claim That Block-Chain Technology = Immutable.

Thus…Because Of Block-Chain’s Immutability…They Also Indicate That Crypto Is A Reliable + Secure + Stable” Platform…

Indeed…The Platform Might Be Stable If The Crypto Players Orchestrating The Platform Were As Reliable + Secure + Stable” As The Block-Chain Technology They Rely On…But Alas…They Are Not.

Because If They Were…Then Crypto Would Not Be So Easily Steal-able…

As Demonstrated By The 2014 Mt. Gox Theft + The Many Digital Billions Of Crypto-Assets/Tokens That Have Been Pilfered In The 8 Years Subsequent.

Basically…It Seems This Industry Is Being Navigated By Both Naive/Neophyte Computer-Heads + Sophisticated Electronic/Financial Culprits…Or A Combination Of Both…

Which Certainly Does Not Transmit To Secure + Stable.”

Yet The Dodgy Crypto-Market Proliferates…On Increasingly Shaky Ground…Primarily Because Of That Perfect Marriage Between…

Greedy + Ignorant + Obtuse Speculators
+
Acute Digital/Electronic Thieves

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Ironically…Theft-Ability Could Be Crypto’s Most Reliably Un-Stable” Feature…

Clearly Reflecting The Massively Inexperienced + Questionable Players “Running The Show” Across Crypto…And Until Recently Very Much In The Shadows.

So The Slow Moving Crypto-Train-Wreck Continues…Most Recently Thanks To FTX’s

1. Amateur +
2. Bizarre +
3. Dubious +
4. Freakish “Leaders”…

Who Are Now Cutting + Running For Legal Cover Around The Globe…Further Soiling Crypto’s Already Dirty + Stained Reputation…

And Likely Cementing Crypto’s Circuitous + Eventual + Lengthy Demise Into The Financial Market Wasteland…As The Industry’s Aggregate Market Capitalization Has Already Tanked 73%…In Just A Little Over 12 Months.

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However There Is A Great Paradoxical Twist To Crypto’s Inevitable Financial Atrophy…

That Is…In Judicious Commercial + Professional Hands…Block-Chain Survives + Thrives…As Its Applications Are Extremely Broad + Deep.

Article by Global/Slant.


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