I found this ongoing exuberance/push to hold terrifying. All the time posts felling people to hold with weird us vs them narratives - sounds to me like a ponzi scheme with the most naive left to hold air at the end when all of the early pushers have cashed out.
I feel like Reddit's moderation system might need an overhaul. Its happened quite a few times where "inactive" mods come back and wreak havoc on an otherwise successful subreddit. I feel like there should be a process to remove inactive mods.
I've seen this movie so often I know all the lines. They come in and either buy out or leverage a mod, who brings in their cronies, some of whom also become mods.<p>They then begin banning content/users who don't align with their plan.<p>I've seen this go several ways. They either take over and use the sub for whatever, or tank the sub/message/whatever.<p>It's always incredibly frustrating seeing it from the inside. I've seen this firsthand done in personal life, business, online, everywhere. No aspect of existence has this shit not eroded.<p>The fact that we all just accept this as status quo is mind blowing. It's like rotten politicians in every movie. Why do we accept it?<p>FWIW I left reddit years ago after seeing exactly this happen to several subs.
And everything makes a lot more sense now. It had turned into complete garbage. I thought there must be no mods or they are completely in on the pumping.
Hopefully this crowd will realize regular finance is a rigged game rotten from the top down, and that crypto, for all of it problems and scams and whales manipulating the market is a paradise in comparison.<p>Good luck to them on their DOGE bet! If there's one crypto that deserve to be at the top, it's DOGE.