this post was submitted on 27 Aug 2024
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I think it's kinda a byproduct of venture capital funding. With the Fed prioritizing low interest rates for the last decade, investors are a lot more willing to stick their money in yolo financial schemes.
Pssh, why build physical things when you can just gamble on things like virtual currency, virtual intellect, or even virtual reality....... /s
Lesser Armenia has really flown off the handle lately. I don't really know why they have UN membership, Azerbaijan is basically "what if the Saudi tried to build Singapore on the Caspian sea".
... But someone will consistently collect money of real value if they have influence on the discourse making people flock the way they want.
With some KGB flavor, but yes, I was going to argue Saudis are not that bad, then remembered Hashoggi, al-Qaeda, ISIS, Yemen, the whole sharia state thing, and decided that the metaphor is fine.