He says he was up and then, in a blink, he wasn’t.
Hackney was there for that whole GameStop craziness back in February, when the Redditors briefly humbled the hedge-fund pros. From Wall Street squawk boxes to Reddit chat rooms, the question burns: Is this just a hiccup, or the beginning of something worse? Crypto, SPACs, tech stocks, the ARK ETFs: prices of all kinds of assets are falling, some spectacularly so. Over the past several days, greed met reality and giddy markets collapsed again. There are millions of them out there, surfing the wild currents of an historic swell in retail trading. He’s today’s thrill-seeking amateur, goaded on by social media, who’s prowling for profits on a Robinhood trading app, Mango Mai Tai or Woodford Reserve in hand. (Zack Wittman/Bloomberg)Īnd so Hackney has assumed the winking role of The Buyer. Eric Hackney in his cryptocurrency home office that he set up in a spare bedroom. The rich keep getting richer - on FAANG stocks, private-equity carried interest, SPACs, Basquiats, Canadian lumber, Palm Beach oceanfront, Greenwich hedge funds, you name it.Īll the Eric Hackneys out there want is to wet their beaks a little, too, before everyone catches on to the joke. It takes maybe 10 minutes, no whiz-bang computers or complex math required.Īnd so it is that Eric Hackney, husband of Brittany, father of two, former bartender, became the owner of 20,000,000,000 ASS Coins with his US$500 investment. Here even Luddites can mint digital tokens - Shit Coins, in parlance of the trade - with a little off-the-shelf code.
The stage on which these actors strut: Decentralized Finance, or DeFi, Crazy Town of the Everything Rally. He is also a stand-in for one of the three key players in today’s laugh-or-you’ll-cry tragicomedy involving money of all kinds. Let’s see what happens,’’ Hackney thought.ĪSS Coin: officially, that’s Australian Safe Shepherd, one of those obscure virtual currencies that have YOLO’d and FOMO’d their way from crypto in-jokes to soaring - and now sinking - monuments to these strange financial times.Īnd here’s the thing: In the midnight hour, in his Florida kitchen, thumbing through his high school yearbook and brooding over might’ve-beens, Hackney is more than another dreamer longing to get rich quick. The Bud Light Mango Mai Tais were beginning to take hold when Eric Hackney - 38, unemployed and ticked off by watching other people get rich - figured, What the hell? and laid US$500 on some crazy-sounding thing called ASS Coin.
0 kommentar(er)
