South Park decided to roast that Matt Damon advert for Cryptocurrency on this week’s episode. Recently, Trey Parker and Matt Stone have taken to skewering the market of NFTs and Crypto. Some viewers have been blissful to see such an odd phenomenon get laughed out of the room. At any fee, it is utterly in line for the duo to crack a joke at celebrities, particularly once they’re doing one thing that is being broadly mocked on-line. (Think about if the fish stick joke led us all to this second proper right here?) With the Submit Covid specials nonetheless reaching audiences throughout, do not count on them to cease skewing these weird digital marketplaces any time quickly. As with quite a lot of trendy South Park, it looks as if this might all be resulting in some kind of overarching second for this season. Watch their joke down under. (Observe: More information concerning the adverse impression of cryptocurrencies and NFTs is included on the backside of this text.)
All the pieces about these tales has put the unstable nature of recent markets on full show. Dogecoin creator Jackson Palmer set the report straight on the meme coin final yr. He Tweeted concerning the bigger rush in direction of NFTs and Crypto. Folks had been very stunned to see an individual answerable for this entire mess and take a look at it critically. Basically he condemned the entire thing.
— Area ᴬᵘˢˢⁱᵉ (@MyRandomStreami) February 3, 2022
On Twitter he stated, “The cryptocurrency trade leverages a community of shady enterprise connections, purchased influencers and pay-for-play media retailers to perpetuate a cult-like “get wealthy fast” funnel designed to extract new cash from the financially determined and naive. Monetary exploitation undoubtedly existed earlier than cryptocurrency, however cryptocurrency is nearly goal constructed to make the funnel of profiteering extra environment friendly for these on the prime and fewer safeguarded for the weak.”
“Cryptocurrency is like taking the worst components of at the moment’s capitalist system (eg. corruption, fraud, inequality) and utilizing software program to technically restrict using interventions (eg. audits, regulation, taxation) which function protections or security nets for the common individual,” Palmer informed followers in his subsequent tweet.
(Observe: Many critics level to the ecological toll of NFTs, cryptocurrencies, and different such applied sciences as having a disastrous impact on the planet and exacerbating local weather issues. You possibly can learn extra about that here)
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