A year on, GameStop champion Roaring Kitty is quiet, yet much richer
People have figured out that one of the ways to get to overnight wealth is to solve the collective action problem and they're getting better and better at fostering it and at coming up with legal ways to avoid existing regulations against pump and dump schemes. Doing it "for the lulz" to hose a bunch of hedge fund shorts. Or creating NFTs around "things" you "own" and pumping them up. Knockoff dogcoins that have nothing to do with the playfulness of the original.<p>The sad part is that we could actually solve some real problems by coordinating collective action on, say, starting a new city that's designed around non-motorized transit within the city limits. But we don't. We get Snoop Dogg crypto instead.<p>It's all so depressing.