I am deeply touched that
millions of people are buying cryptocurrency.
For years, I had been searching for a reliable way to measure the percentage
of idiots in a population. My ultimate
goal, as you have now shrewdly guessed, is the Nobel Prize for Economics and
Literature combined, and I was, until recently, about as far from it as Orion is
from Earth.
ps: Orion is getting closer at the rate of six inches a year. Persistence pays (but not in cryptocurrency).
The current population
of gullible, naïve, inept, self-delused, infatuated, doting, obsessed, asinine,
gauch, gumptionless, bird-witted, desipient, unstable idiots on our planet is officially
at about 240 million, which translates to about 72% of the population of the
United States (do not read anything more into this). These are people (crypto buyers, not
Americans) who wake up all animated in the morning and say, “Is there a new
scheme to defraud me?” and, if they hear an echo, they do a funds transfer.
The most heartening news, of
course, is that the population of idiots is exploding and new precious insights
are a daily occurrence. For instance, one recent discovery is that crypto
buyers do not know the difference between a virus and a cryptocurrency: apparently,
Omicron, a cryptocurrency that was launched at the beginning of November moved
from $65 to $325 after the virus variant was named. They assumed (with crystal clear, profound, incontrovertible
logic) that since both are invisible to the naked eye, they are the same.
Another one called Dogecoin
that was set up as a joke even has its founder screaming, “Don’t buy, it’s a
scam” Dogecoin buyer-idiots, who will not recognise a mistake if you present it to them in a lava-encrusted pressure cooker-with-weight, are convinced that this is reverse psychology at work, so they buy even more. There is even a coin called SafeMoon that has been thoughtfully named by its creators who live there and prefer that the idiots stay on Earth.
ps: Orion is getting closer at the rate of six inches a year. Persistence pays (but not in cryptocurrency).
Then, there is the ultimate scam called Bitcoin that is today priced at Rs 37 lakhs a piece, which is the same price as a BMW X1 (which is where the similarity ends). If someone had bought it years ago, being an Early Idiot and held on for years and years, he would now be worth Rs 37 lakhs in fake money. Which, I must agree, is a lot of fake money to have, because I play Monopoly regularly and have never seen so much.
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