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FTFY
verdi
joined 1 month ago
In case everyone is sleeping let me break this down for you:
Both crypto and modern private equity are ponzi schemes. With leverage to hold on crypto and leverage on leverage to own on private equity, both industries have been a bag throwing game between investors, with managers cashing in on every trade for close to a decade. Now, the industry is cooling down, they ran out of idiot fund managers to scam into participating in their ponzi scheme so they either let the bubble burst or they find new idiots to be left holding the bag when they cash out before the catastrophe. We're a the find new idiots phase, with the new regulatory freedom sponsored by the pedophile in chief, all of these scammers are now turning to even lower sofistication investors to buy in their ponzi scheme so they can cash out before the shit hits the fan. Case in point, new age app brokers now advertising investment in the "private markets" as a new product. I see another wealth transfer wave from the lower and middle class to the 1% happening within 2 to 3 years. It's going to be the reason we get Nazis again in power in the civilized world.
This is not an actual breakthrough. We already have faster, cheaper and more effective ways of doing what they did, with better results. It's called mutagenesis, it's dirt cheap and has much better yield than 16 out of 302. Considering they paid 12-16 cents per nucleotide for the synthesis, this was a massive waste of taxpayer money to promote a project based on the buzzword du jour.
That's who you always were, at least, for anyone outside looking in. That's why you still let people perish from treatable diseases and gun violence when the civilized world has mostly left those problems behind.