Coinbase CEO Brian Armstrong says there are 1 million new cryptocurrencies created every week on the platform

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evaluating each one by one is no longer feasible
they're all worthless, in fact, they're all of negative value, there, done.

Whenever I watch a bazinga bubble, I think back to this documentary series about the lead-up to the Great Depression. They filmed this guy in 1929 who would absolutely be a crypto demon today. He was ecstatic watching penny stock prices print out on a ticker tape, explaining that he doesn't even know what the companies do except make money. Like with the Bored Ape clones at the height of the NFT bubble, I love that they're now investing in 4th stage simulacra. There's no pretense of meaning or use-value. It's 143k new chances to gamble on word recognition each day and each is as useful as the most prestigious cryptocurrencies.
- Baudrillard doesn't get enough recognition nowadays.
  It's insane that The System of Objects and Simulacra and simulation were written in the 60s and 80s. Today, he would be a prophet.
  
  I go back to Baudrillard and Debord so often. They had a perfect understanding of how mass psychology, consumerism, and semiotics intersect.

Surely this is a sustainable technology that will be used for the betterment of eCommerce and worldwide trading.

But seriously though it's such a fuckin' waste of time, effort, resources, and general computation (both human and machine) that crytocurrency is even a thing. It's the definition of "a solution looking for a problem" in my book. It just seems like computer wizards would be better served doing just about anything else. Though it sucks to know that it's either crypto scum, writing code for the panopticon, or working on the T-800s to bomb to deploy overseas and eventually in poor neighborhoods at home.

The podcast-ification of cryptocurrency, The West has truly fallen. You hate to see it.

"High-quality problem to have, but evaluating each one by one is no longer feasible," Coinbase CEO Brian Armstrong wrote in a post on X on Sunday. "And regulators need to understand that applying for approval for each one is totally infeasible at this point as well (they can't do 1m a week)."
"high quality problems" what a turdburger! We launch a million MLM scams a week, regulators need to "understand" that we absolutely won't regulate because then we couldn't print free money off the backs of scam victims!
- Wait what? If I understand correctly he wants to deregulate crypto so that these millions of shit coins can be launched on their platform with no hassle? What the fuck is the point man...

Who cares? It costs nothing for people to launch their own cryptos. If people want to buy some random shitcoin, that's on them. It's like complaining that a poster store prints too many low-quality posters, etc. If people want to sell worthless bullshit to other people, that's now a problem limited to crypto. It's a foundation of this garbage capitalist system.
- It's reflective of the irrationality of the market. 42069DogeElonCoin is just as legitimate as bitcoin, and crypto demons have distilled their market to its purest form of compulsive gambling. The largest crypto market is just a collection of millions of Ponzi schemes growing more cancerous by the day. It's not that I care. I'm just happy to see bad people get hurt.

Did you know you can stack coins inside a shotgun shell and use them as ammunition?
Now you know 1 more thing crypto coins can't do.
- That was literally an antagonist's weapon of choice in an episode of Ghost in the Shell SAC. She had a cybernetic arm, and there was a kind of shotgun/railgun thing built in to it that used rolls of coins as ammo. It didn't fire one at a time, it scatter-blasted them all at once.

Justin Sun, former representative for Grenada at the World Trade Organization and founder of the cryptocurrency Tron, said in a post on X that his cryptocurrency has been under review at Coinbase for seven years. Sun said that Tron is one of the world's top 10 cryptocurrencies and has performed well in other markets, but never passed through the Coinbase listing process.
I don't think many use Tron itself. The main reason why Tron is so large is because there is USDT-TRC (Tether on Tron blockchain) which creates some demand for Tron coin itself.
USDT-TRC is used by everyone from money launderers, people in sanctioned countries or where money transfers are difficult or banks can't be trusted. Eg. Gaza. It has a stable price (Dollar peg) and Tron blockchain is pretty cheap transfer fees wise.
If it does go viral, it could earn the creator, who is often the largest investor, a windfall.
"investor", where are the Dollars coming from? No one wants these shitcoins for what they are, they want to turn Dollars into more Dollars.