Rough Translation:
"I want to figure out how to let you guys trade XPY without us being a licensed MSB anytime soon since I didn't think of that until yesterday, so I'm going to find a way to turn your xpy into gift cards, so you can all still have a merry xmas"! ::grinning::
It's going to be the "Christmas Crypto Crushed" this year, at least for the poor suckers that got pulled in... I can't count how many people in the HT forums are saying that their holiday shopping depends completely on their ability to liquidate their Paycoins. It's going to be fascinating to watch, but it melts
my cold pirate heart to see those people get fleeced.
I think many of the cultists are onto it and just playing the game. They may manage to ROI just on the upvotes alone lol.
I think there's three groups on HT:
1) the conspirators who not only know what's going on and are okay with it but are actively helping to ensure they they get "theirs". They are like parasites riding a donkey.
2) the newbs that know nothing. These are the clear victims.
3) then there's the people who know what's going on and are stuck. They are just praying to find a profitable exit strategy. If they speak out they get banned. So for now they follow the herd and smile, looking to duck out at the first opportunity.
I hope group #1 and Homero burn in hell. I feel terrible for #2. And I sympathize a little with #3 but I think they really need to revolt now but they are afraid, so it's hard for me to feel too bad about what may happen to them. They are essentially enablers for the cult of homero.
I think this is a solid analysis, thanks for sharing it! I suppose we'll be able to watch the market melt under group #2 as it happens, which will validate your thesis. I'm interested to see if GAW attempts to prop up the cult with the next new thing, or if this is Josh's swan song before he hops a plane to ... Cuba?