It’s right there in the name
if you’re capable of perception
unclouded by delusional ideas
of getting rich quick
without any risk.
‘Crypto’ is a term that –
in English –
means ‘secret’ or ‘covert’ …
two ingredients
that may well be toxic
to healthy investments.
It’s a word
that’s even related
to the name of the element Krypton,
which –
in comic books –
is the basis of Kryptonite …
the poisonous radiation
that weakens supermen
(and superwomen).
Crypto and the like –
including NFTs –
rely,
in part,
on the Greater Fool Theory
(the idea that,
during a market bubble,
one can make money
by buying overvalued assets
and selling them for a profit later,
because it will always be possible
to find someone
who is willing to pay
a higher price).
Grifting is at its heart
and inherent in the concept
is relying upon a Rube –
of course,
another way of saying that
would be,
“It’s fraud
perpetrated on a witless victim”.
It’s best to be neither a fraudster
nor a victim of one.
About the Poem
This is commenting on the matter of investment (financial or otherwise) in the online ‘Meta-verse’ – whether it be by way of Crypto-currency, NFTs or simply burning down life with wasteful role-play.
About the Author
Douglas Colston – who finds himself approaching his mid-50s and living at the Sunshine Coast in Australia – has played in Ska bands, picked up university degrees, supported his parents during
terminal illnesses, married his love, fathered two great children, had his inheritance embezzled, transitioned into Counselling as a vocation and experienced chronic mental and physical illnesses
consequential to workplace harassment. Now, among other things, he is pursuing a PhD. http://theancientoracle.com/