In April 2022 I convinced my wife to liquidate our son's college fund into ApeCoin. We purchased 1,500 ApeCoin at $23.63, totaling $35,445. Today, it's worth $1,635 and my wife left me.
Wait, so you’re the co-founder and the intern at the same company?
yes
The company exists to minimise the cost of increasing the speed of a transaction with "gas fees". Sort of like when you pay for something with your debit card and then pay a second company to make the transaction go through in under a day.
I've been told, many a time, that Ethereum is "one of the good" cryptocurrencies.
I've known about "gas fees" for years and how the rent-seeking is built right in.
The most euphoric of cryptocultists even told me that maybe the Ethereum blockchain would "form a neural net" over time and become sapient, or even start The Singularity(tm).
These are not well informed or critically thinking people.
I know you're joking, but judging by what named one of his many IVF children (Techno Mechanicus), he like many cryptobros missed the point of the (originally intended, at least) satire of 40k.
It isn't just not dead; it's the basis of many secondary grifts, such as NFTs. NFTs were minted from the start using ETH and charging "gas" each and every time while burning the planet down a little faster.
It's down 30-70% from 2 years ago fwiw depending on when they bought. One Ether is worth about 1500 USD right now but there were spikes in 2021 to like 3-4 grand.