Eli5- What is happening in Crypto and why is everyone freaking out about Luna, $UST , Coinbase?

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Basically why is everyone freaking out in Crypto?

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Anonymous 0 Comments

I think everyone is talking about crypto the same way everyone is talking about QAnon. It’s a market full of grifters and people with sunken costs that want to pump up the hype. Blockchain is interesting from a software perspective, and could potentially do some good in a society with less greed, but crypto best be avoided imo. In practice it’s just a stock market with no real notion of underlying value and no consumer protections.

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