this post was submitted on 27 Jun 2026
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Shocking.
I'm only shocked that the "euphoria" hasn't collided with the disappointing reality yet. At least not catastrophically.
It seems the more abstracted the financial systems are, the more the finance industry can bullshit its way through. And at this point, money is just whatever numbers they type into their computers. Just completely made up and detached from reality.
I think part of the problem is that a significant part of the hype is being shown as not hype. By significant, I mean a small percentage, less than 10%, but with so much hype being pumped up out there, even 5% is highly significant.