There's always more clowns in the clown car
2021 was peak market price but 2022 was peak degeneracy. I hope?
2022 was a year of hubris and madness. It was the staggering, drunken hangover of the 2021 bull market, lurching through a cascade of increasingly lurid stories of greed, fraud and idiocy. Bitcoin appeals equally to philosophers, idiots and criminals — but they don’t all contribute equally to the public’s impression of Bitcoin. The crypto industry is like a circus — there are skilled experts doing high-stakes maneuvers and there are hard-working stagehands shoveling away all the shit but most people would rather just laugh at the clowns. Hopefully by the end of 2023 I will be writing a post about how stable and mature the industry has become.
"Remember 2022?" we’ll chuckle, "It was a simpler time!”
Headlines:
Pictures:
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3663a5a8-fdc1-4531-874a-673c5e53c280_1200x850.png)
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Graphs:
![Twitter avatar for @ercwl](https://substackcdn.com/image/twitter_name/w_96/ercwl.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFUyWqX8X0AAJY-l.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFUyWqYrXsAI1O1D.jpg)
![Image Image](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe30c3262-fe4a-4368-933a-d304b794eb13_941x534.jpeg)
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc12ebd5d-8c27-45d1-bef9-49fe3b1207f7_438x190.png)
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe02cd911-a70c-4a51-814f-f245043e4fb9_1886x1104.png)
Songs:
Have Fun Staying Poor (Sea Shanty)
What the hell’s an NFT? (SNL)
That’s a Scam! (SBF Remix)