NYT in 1994

"scammers, swindlers and sharpies who hunt for unwary investors"

tip of the on-line-berg. prodigy and compuserve were the silk roads of their day….

In your https://x.com/pessimistsarc era, I see.

The institutionalist urge to say “scam”

The year is 1994


The year is 2012

The year is 2017

History always rhymes—but this one smells like strategy. 

Feels less like investor protection and more like a hit piece cooked up by the auto industry to kneecap an electric car startup. 

The internet may have been just the fall guy. 

Classic play: discredit the medium, bury the message.

Understanding these specific parallels - and recognizing them as an unfortunate but common part of any disruptive new technology - was a pivotal “aha” moment early in my crypto journey.