The Crypto Scam of the FOMO Movement

Jack Dorsey is an example of algorithmic behavior modification at scale.

This is an untold story and an Op-ed that many crypto bulls may disagree with.

Crypto sentiment and FOMO around Bitcoin has been algorithmically programmed into us. Let’s not mistake it for a popular movement. There’s amble evidence this is the case as well.

Twitter is the very definition of a crypto echo bubble. But that’s by design. Jack Dorsey is one of those highly manipulative crypto Messiahs.

FOMO much? You might have been algorithmically primed to be that way by your Crypto Overlords. Oh hang on here, Medium is also a crypto echo-bubble. Hopefully this post won’t be censored.

Jack Dorsey is one of those Silicon Valley tycoons who has increasingly become bullish on Bitcoin and its profiteering motives. The Payment company he started called Square will now be referred to as Block. We hope this is a statement of intent of how disruptive blockchain technology is supposed to be to bring us a brave new better world Jack?

Jack finally moved on from Twitter, after being a CEO of two different companies. Jack is apparently no fan of Mark Zuckerberg, but with a long-beard and psychedelic shirts, he’s not exactly a crypto poser boy either. Twitter never grew very well, so Jack it seems has turned to his second child Square and become the head of Block or just a Blockhead. You have to be somewhat skeptical of Silicon Valley’s fascination with Bitcoin, which feels a bit more like a ponzi scheme than a real technology.

But the Tech Overloads do know how to milk a good cash cow. Jack Dorsey recently warned the world of the dire risks of hyperinflation. I hope he’s not another Cathie Wood Billionaire who network with other Billionaires for profit and manipulation. Got to love those Tycoons eh!

Just as Meta retained the Facebook name for its flagship product, Block will continue using Square for its “seller” business, which includes payment systems and banking products for merchants. The company said the rebrand will bring the payments firm together with Cash App, the decentralized Bitcoin exchange project tbDEX, and music and video streaming platform Tidal. As part of the rebrand, Square Crypto, the cryptocurrency-focused unit of the payments firm, will be changing its name to Spiral and joining the Block family.

Blocks and Spirals, Jack is plain good at metaphors. The Head of Block is also obsessed with Bitcoin and I think it’s super unhealthy for the markets. A number of Billionaires have been handed more wealth by the Fed stimulus. Wealth inequality is spiraling out of control, as many are going to be evicted and have dropped out of the Middle Class. Silicon Valley must love the pandemic, all in the spirit of digital transformation and the metaverse I suppose.

The new name, which took effect recently — on the 12th anniversary of Square’s launch — reflects the broader scope of the company’s business, which now includes the personal payment service Cash App, the music service Tidal, and a nascent crypto-based open developer platform it calls TBD54566975. Jack is hungry for more crypto interactions and to pawn the money of young people, something tells me his fascination isn’t entirely genuine or altruistic.

The crypto mob seem to be easily ruled by sentiment, sort of like an Elon Musk tweet. That’s just fine by Jack, where on Twitter crypto throngs congregate and pray at the altar of Bitcoin. Jack Dorsey is the founder of Block and may soon dethrone Elon Musk as the most important person in the future of cryptocurrencies.

It’s rather easy to become a Tycoon like Jack, or Blockify Yourself. Just buy Bitcoin and HODL. Jack likes to talk about economic empowerment as the Block platform is going after the young culture of crypto. The Tidal acquisition was actually pretty smart. Let’s give the peasants something to believe in, Jack. Let’s augment their crypto get-rich FOMO algorithmically trained sensibilities. A nice Silicon Valley scam playbook if I do say so myself.

Jack is a Billionaire who has bought a lot of Bitcoin. But Block actually relates to the common people yo. “Block references the neighborhood blocks where we find our sellers, a blockchain, block parties full of music, obstacles to overcome, a section of code, building blocks, and of course, tungsten cubes,” said Square. This guy is nearly as warped as Zuck, but likely actually believes his own ideology.

While we cannot all be cubist masters like Bit-Jack, the web of manipulation of Silicon Valley appears to be prolonged in new companies with platform ambitions just like Block. It’s so Meta. It’s so Ether. Jack Dorsey you are such a crypto futurist, we never saw any of this coming, but you did!

All of these spirals and blocks and Bitcoin leads to such a beautiful world. Square, and particularly Dorsey, has embraced the crypto revolution, almost to the point of having a sticker on its products saying “Bitcoin Inside.” (By the way, the company’s Square Crypto division will now be called Spiral, though the company did not provide a similar word-association list for that. Let’s unite in a decentralized world, can you buy me some crypto father block? Master Yoda of all of my crypto dreams.

I will await your response on the blockchain, where everything is transparent and empowering.

Jack Dorsey has found a profound way to monetize the Bitcoin mania in the biggest speculative bubble in history and he’s more identified with it than ever. This is then the legacy of Silicon Valley, the rich get richer and prey upon the masses, not with good ideas, but behavior modification scams.