how quickly we forget

AI / Capex in a Concentrated Bubble? Likely, Yes. But from a participant behavior standpoint? 2021/2022 was Far Worse.

@notmrmanziel Lmfao well said Anyone remember Bored Apes?

@notmrmanziel I only sold mine for $150,000 a week before they went to $1M

@notmrmanziel All of us over 40 just staring at the crypto bubble in awe of the millenials and Gen Z thinking they’ve discovered alchemy.

@notmrmanziel lolll you got me spitting out my coffee rn

@notmrmanziel Why do you intentionally ignore societal context while applying this? Remove the entire pandemic factor, or hell.... Acknowledge it even lol

@notmrmanziel I tried to sell few, didnt work. That's when I knew it is all some shady deal going on. To me it looked like some laundry service tbh. Never bothered again.

@notmrmanziel Nah, it wasn't a bubble - that was money washing. Just read how easy it was to wash money / avoid taxes etc. using NFTs and you'll understand that wasn't a bubble - it was a beautiful machine to wash money

@notmrmanziel Most likely that was some form of money laundering or bribery.

@notmrmanziel And all it took was people with reach but no integrity to pretend that the emperor had clothes on long enough to get their bags at the expense of their audience.

@notmrmanziel NFTs were like beanie babies but more expensive, it was a fad essentially. It going under had no real effect on the economy. AI is being injected into many major industries, whole data centers and power plants are upgraded just to accommodate it.

@notmrmanziel @profstonge Ya I only use nft for my personal record not selling them. It superior then adobe content credentials. But I rather sell real prints and keep the NFTs as record.

@notmrmanziel So, over a million times smaller than the amount that just one lab is targeting for infra buildout?

@notmrmanziel True but that was peak, I don’t think we ever even touch that. Too many ppl burned on last mania

@notmrmanziel For real Whatever exuberance people think they’re seeing right now is literally nothing compared to 2021

@notmrmanziel Links to jpegs. Those rocks aren't on-chain.

@lashercorson lmaooooo

@notmrmanziel Greater fool theory in a nirvana of fools 🤣

@notmrmanziel NFT was idiots galore and that attracts the most sleaziest people imaginable.

@notmrmanziel be sure to confuse the scale

@notmrmanziel "This is different" haha.

@notmrmanziel Has it been that long

@notmrmanziel Exactly. Folks have amnesia. When a JPEG of a cartoon rock clears $5 million, you’re already living in peak bubble land. Easy money made it possible. Only hard money 21 million #Bitcoin ends the circus.

@notmrmanziel What a time to be alive lol

@notmrmanziel Motherfuckers will literally buy anything if you can convince him it’s scarce enough

@notmrmanziel ya we got time

@notmrmanziel $450M seed led by a16z. Never forget.

@notmrmanziel We made sand think. I don't believe this is a bubble.

@notmrmanziel The current bubble is bigger.

@notmrmanziel that was kind of contained

@MartinShkreli was it?

@notmrmanziel I had a house in the metaverse 🥀

@notmrmanziel And it was wrong then as it is wrong now. This thing should have been settled in John’s era, 5 fucking families and we got this pigmy thing in Jersey.