Market Crash Survivors Form Support Group That Meets On The Blockchain

A group of cryptocurrency investors who collectively lost over $2 million during the most recent market downturn have formed a peer support group that conducts its meetings entirely on-chain, requiring participants to pay Ethereum gas fees to share their emotional experiences of losing money to Ethereum gas fees. The group, called Liquidated Anonymous, was founded by Terrence Wei, who described the decision to host meetings on the blockchain as "ideologically consistent" even if "financially ironic." "We believe in decentralization," Wei explained during a meeting that cost each of the eleven participants between $3.40 and $47.00 to attend, depending on network congestion at the time of their transaction. "We lost our money trusting centralized platforms and opaque protocols. Now we process our grief in a transparent, immutable, and extremely expensive way." Meeting minutes, permanently recorded on Ethereum, include statements such as "I leveraged my house to buy a token named after a dog and I do not know why" and "My wife found my MetaMask transaction history and now I sleep in my car, which I also cannot afford because I sold it for ETH at $4,200." One member submitted a transaction containing only the word "why" repeated forty-seven times. The gas fee for this emotional disclosure was $11.20. The group has considered migrating to a Layer 2 solution to reduce costs, but a governance vote on the matter deadlocked after three members argued that cheaper transactions would "diminish the therapeutic weight of financial commitment" and that "healing should cost something." Wei has announced plans to mint the group's collected testimonials as a commemorative NFT collection, with proceeds funding additional meetings. Several members have pointed out the circularity of this model. Wei has acknowledged their concerns and minted them as well.