I don't have strong feelings about Labubus, I think they're cute but I don't have any desire to collect them, but I do think the "discourse" around them is sooo strange. A lot of people point to them as the Tiktok fueled demise of all hope and the avatar of overconsumption and like . . .
Fads have existed forever. Cabbage Patch Kids, pogs, and, in 1634, tulip bulbs.
The modern avatar of overconsumption is clearly Funko Pops.
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We think investing in cryptocurrency is bad and stupid. From environmental factors to destabilization, here are just some of the reasons why
Investing in Cryptocurrency is Bad and Stupid
If youāve been reading our blog for long, you probably couldāve guessed we think investing in cryptocurrency is bad and stupid.
And yeah, I considered using more expansive words like āunethicalā and āspeculativeā instead of ābad and stupid.ā Those words had precision, but lacked panache.
OurĀ Patreon donorsĀ vote on potential article topics, and this month they wanted to read our thoughts on investing in cryptocurrency. So we get questions about it all the time! Which isnāt surprising. Relative to cash and traditional investment vehicles, crypto is new and confusing. To make matters worse, thereās so much hype surrounding it in the personal finance world that research feels like reading a data science textbook through a swarm of bees.
Mercifully, weāre not here to explain what cryptoĀ is, or how the mysterious blockchain technology works (othersĀ have done that intolerably boring work for us). Rather, weāre going toĀ release you from caring about crypto in the first place!
So itās our personal opinion that investing in cryptocurrency is bad and stupid, and you shouldnāt do it. Hereās why.
Am I physically restraining you from buying plastic crap that ends up in a landfill? Are you walking around naked, because I'm stopping you from buying 100 pieces of clothes per day and wearing them once?? Is my criticism of the cosmetic industry making you feel bad about how you look???
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It's not a Kellogg reference - not directly anyway. Kellogg is remembered because it was one of the few lasting things that emerged from an otherwise sprawling wellness fad.
There were mineral spring, hot spring, and medicinal spring resorts, spas, retreats, and hotels all over the US in the late 19th and early 20th century. Some were small and are all but forgotten to time. Some ended up with whole towns built up around them. Ultimately, the trend dried up as trends do, making way for the next thing. Its end may have been hastened somewhat by the government cracking down more forcefully on snake oil medicine starting in the 1900s, though.
No doubt some people gained some easily explained benefit from vacationing away from city air thick with coal dust to relax in a naturally occurring pool, but some facilities were also doing things like bottling and selling such waters without proper sanitization, and claiming it had vague yet miraculous curative properties.
Here are the ruins at Welch Spring - one such example in the Ozarks. It's an off-the-beaten-path place I went to check out while the pandemic was at its peak.
A Tamagotchi only leaves you with wistful nostalgia ā and a teeny, tiny bit of trauma from when it died ā rather than missing body parts and lifelong medical issues.