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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
And the people who play games fund the multi-billion gaming industry.
You mean, the pay-per-lootbox online casinos for children scams? Murder/violence training simulators? No wonder the world is as screwed up as it is. Those damn "gamers".
 

VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
Because stocks are based on real things that have value, such as property, software, hardware, IP, cars, houses, gold, etc.
Oh, btw... there are now Crypto-currency stocks / index-funds and futures. So if your statement is true, then logically, that must mean that... crypto-currency stocks are based on real things that have value... therefore, crypto-currency is a "real thing", that "has value".

Unless, of course, you're just a liar.
 

VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
BTW, my opinion on "modern gaming", is that it is just a hollow, soul-less shell of what it used to be. Back in the 80s and 90s, video games were, arguably, both creative, and entertaining.

"Modern gaming", has turned them into full-blown psychological warfare against participants, ESPECIALLY children, "pushing" dopamine hits, and pressing for increased "engagement", aka. stealing your attention span for the maximum amount of time, for the maximum amount of times a day it can. All to drive "in-game purchases", aka lootboxes. Aka., nothing more than a dressed-up electronic casino slot machine, with a different interface. Make no mistake, the psychology behind it is exactly the same.

This is largely one reason why I no longer play video games, of any kind. I used to be the most hard-core gamer, arcades in the 80s and 90s, consoles, 8-bit NES, Atari 2600, Sega 8-bit Master system, 16-bit era, Genesis and SNES, even a Neo-Geo and 3DO and Jaguar (even had the "toilet" - the Jag CD-player).

"Modern gaming" isn't even gaming, at least, not the gaming that I once knew.

Why you would want to support that, I have no idea. Maybe you like to sponsor psychological terrorism.

At least I'm making "real money", that I can spend on groceries, pizzas, or more computer parts, with my mining. You know, real tangible things. NOT lootboxes, LOL.
 
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BFG10K

Lifer
Aug 14, 2000
21,765
707
126
You know, @BFG10K , horse+buggy mfgs, used to poo-poo cars. Yet, they sparked a relative revolution in American freedom and independence.
Cars are real and not a figment of someone's imagination.

PS. Look at CoinMarketCap.com , look at the Market Cap. of some of the larger coins. That's REAL MONEY worth of investments.
Sure, and right after I'll go read some religious pamphlets.

Edit: If crypto-currencies are BS, then why are all of the major world gov'ts looking to introduce their own "digital dollars"? They're late to the party, they'll never catch up.
They don't need to catch up, they just need to ban it.

You mean, the pay-per-lootbox online casinos for children scams? Murder/violence training simulators? No wonder the world is as screwed up as it is. Those damn "gamers".
Of course we all know crypto is squeaky clean, right?


Move along folks, nothing to see here. o_O

Oh, btw... there are now Crypto-currency stocks / index-funds and futures.
Which'll dissappear as soon as governments ban crypto.

Unless, of course, you're just a liar.
You appear to be suffering from extreme confusion. It's crypto that's the lie.

 

VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
Which'll dissappear as soon as governments ban crypto.
Well, then they need to outright ban any video games that have any sort of "lootbox", or "random award", and refund ALL purchases made by customers of that game/casino, for such lootboxes, or tokens used to "earn" or "buy" lootboxes. Watch that wall of billions of dollars in the gaming industry crumble to dust, and finally, we might actually get some real GAMES out of the industry again.

Edit: Remember Zaxxon? Gorf? Asteroids? Vangaurd? Whatever happened to THOSE DAYS???

Edit: Can't forget Defender and Scramble, either.
 

VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
As far as "dirty" crypto goes, you think that cash that you took out of the ATM is "clean"? (*Unless it was newly-printed, which there is a whole bunch of that going around, which is one reason why PC parts prices are skyrocketing as well, but that's a whole nother story.) I'm sure that there's a "whole lotta criming going on" with cash too. It's the nature of ANY difficult-to-trace currency, whether physical or virtual. That's really not very surprising, or incriminating of crypto.

As far as "greatest scam in history", that would likely be the Stock Market(s) in the USA. The Gov't even props them up with TRILLIONS of dollars, just so that they can maintain their "image". But it's ALL COMING CRASHING DOWN. VERY SOON NOW.

Crypto is a way out of the mess.
 
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BFG10K

Lifer
Aug 14, 2000
21,765
707
126
Well, then they need to outright ban any video games that have any sort of "lootbox", or "random award", and refund ALL purchases made by customers of that game/casino, for such lootboxes, or tokens used to "earn" or "buy" lootboxes.
You mean like these?


It's the nature of ANY difficult-to-trace currency, whether physical or virtual. That's really not very surprising, or incriminating of crypto.
But when Bitcoin was starting up we were repeatedly told it's 100% secure and can't be hacked because its completely decentralized. That was a lie.

 
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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
Re: Loot boxes being banned in certain countries - I approve!

But when Bitcoin was starting up we were repeatedly told it's 100% secure and can't be hacked because its completely decentralized. That was a lie.
I'm not sure what your implied connection is here, between "not hackable", and "involved by it's users in (potentially / allegedly) criminal activity"... the two situations are hardly the same.

AFAIK, the bitcoin protocol itself, has never been hacked. Some exchanges and hash-power brokers were (Mt. Gox, and Nicehash), and thieves made off with millions of USD worth of BTC. That wasn't anything faulty with the protocol, rather, the security of the exchanges and the sites in question. (The hackers got the wallets / keys, that protect your crypto. Not really much different than a street mugger "stealing your wallet" on the street, and taking all of your cash.) That's both the beauty of, and the downsides of, "being your own bank".
 

BFG10K

Lifer
Aug 14, 2000
21,765
707
126
Re: Loot boxes being banned in certain countries - I approve!
I think governments need to go after DRM, too.

AFAIK, the bitcoin protocol itself, has never been hacked. Some exchanges and hash-power brokers were (Mt. Gox, and Nicehash), and thieves made off with millions of USD worth of BTC. That wasn't anything faulty with the protocol, rather, the security of the exchanges and the sites in question. (The hackers got the wallets / keys, that protect your crypto. Not really much different than a street mugger "stealing your wallet" on the street, and taking all of your cash.) That's both the beauty of, and the downsides of, "being your own bank".
It's actually very different because my pile of cash at home can't be stolen from another country over the internet, unlike Crypto.

And with credit card or electronic fraud, I can dispute this with the bank and/or with the law. Crypto fraud is permanent and irreversible.
 
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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
And with credit card or electronic fraud, I can dispute this with the bank and/or with the law.
But, if you let someone else control your money for you, then you're not actually in control of it any more. Tell me how that works out for you, when they print more money out of thin air, and then implement negative interest rates on your account.
 

BFG10K

Lifer
Aug 14, 2000
21,765
707
126
Neither can your Bitcoin be stolen from a "cold wallet" or "paper wallet".
But that's not what you said. "Stealing your wallet on the street" is not the equivalent of cold storage for cash. Cold storage for cash is a bank vault or personal safe.

And what, they can take cash from my wallet, but not the crypto paper slip I'm carrying? Lulz.

Tell me how that works out for you, when they print more money out of thin air, and then implement negative interest rates on your account.
Tell me how that works out for you: try to pay your rent, utilities, petrol, groceries and taxes with Crypto.

But it's ALL COMING CRASHING DOWN. VERY SOON NOW.
Armageddon(tm), every good little religion has one. Tell me, do you think the world will end soon too?

If so what use will Crypto have? I mean all it takes is for internet/electricity to collapse and all Crypto will grind to a halt. Ironically at that point only cash will work.
 
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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
Armageddon(tm), every good little religion has one.

Tell me, do you think the world will end soon too?
Financially, at least, yes. It's simply the eventual result, the logical progression, of a debt-based currency from a central banking system. And we all know who's the group behind those, world-wide.

Lincoln and Kennedy both tried to get our country out of that system; they were both killed because of that.
 
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BFG10K

Lifer
Aug 14, 2000
21,765
707
126
Financially, at least, yes. It's simply the eventual result, the logical progression, of a debt-based currency from a central banking system. And we all know who's the group behind those, world-wide.

Lincoln and Kennedy both tried to get use out of that system; they were both killed because of that.
You don't know what you're talking about.

I mean you can't even answer a simple question: "what happens to Crypto if internet/electricity collapses?" I mean it's already happened in Venezuela:



But go ahead, you keep telling yourself that Crypto will be their savior(tm). o_O

Also rather timely: https://arstechnica.com/information-technology/2021/01/cryptocurrency-stealer-for-windows-macos-and-linux-went-undetected-for-a-year/
 
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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
But go ahead, you keep telling yourself that Crypto will be their savior(tm). o_O

Also rather timely: https://arstechnica.com/information-technology/2021/01/cryptocurrency-stealer-for-windows-macos-and-linux-went-undetected-for-a-year/
Well, if the economy collapses like Venezeula, it's not like cash will be worth much either. So no worse than cash, at least.

As far as a multi-platform RAT? Yeah, so? They've got Steam-key stealer programs out there too. That doesn't mean that steam was hacked, or that people shouldn't use Steam.
 

Midwayman

Diamond Member
Jan 28, 2000
5,716
320
126
Well, then they need to outright ban any video games that have any sort of "lootbox", or "random award", and refund ALL purchases made by customers of that game/casino, for such lootboxes, or tokens used to "earn" or "buy" lootboxes. Watch that wall of billions of dollars in the gaming industry crumble to dust, and finally, we might actually get some real GAMES out of the industry again.

Edit: Remember Zaxxon? Gorf? Asteroids? Vangaurd? Whatever happened to THOSE DAYS???

Edit: Can't forget Defender and Scramble, either.
FWIW arcade games were designed to let you play 3 minutes and then require payment. They were their own loot boxes. The science wasn't as developed then, but not like trying to milk the player is a new concept.
 
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BFG10K

Lifer
Aug 14, 2000
21,765
707
126
Well, if the economy collapses like Venezeula, it's not like cash will be worth much either.
Let me ask it again, as simply and and slowly as possible:

How
do
I
use
Crypto
without
power
or
internet?

So no worse than cash, at least.
So we've gone from Crypto is a way out of the mess to So no worse than cash, at least.

Those are both direct quotes from you in this thread. Is this trolling or flat-earth?
 
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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
So we've gone from Crypto is a way out of the mess to So no worse than cash, at least.
Look. The scenario I was talking about, was an economic collapse. Not an infrastructure collapse.

As your Venezeula link suggests, the two may go hand-in hand.

So let me ask you this: What good is cash, when you literally need a wheelbarrel-full to buy, say, milk? Are you any better off, really, with cash, when it loses nearly all of it's value? Due to the physical requirements? Paper money doesn't really have much of a practical advantage here. If we have an actual infrastructure collapse, we'll either need "hard money" (gold/silver/copper rounds/coins of specific weight), or resort to barter (T.P., tobacco, batteries, gas, etc.)
 
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BFG10K

Lifer
Aug 14, 2000
21,765
707
126
The scenario I was talking about, was an economic collapse. Not an infrastructure collapse.
Six, 6, half-a-dozen.

So let me ask you this: What good is cash, when you literally need a wheelbarrel-full to buy, say, milk? Are you any better off, really, with cash, when it loses nearly all of it's value? Due to the physical requirements?
But I never said cash would be useful in a financial collapse. You on the other hand said Crypto is a way out of the mess (direct quote), when referring to financial collapse.

But now you're saying So no worse than cash, at least (again, direct quote). So what are you babbling about exactly?

I mean your Doomsday scenario has already happened. It should be the perfect testing ground for your theories. Yet you still can't show how crypto helps Venezuela, for the simple fact that it's a figment of your imagination.

Your arguments are as fraudulent as the crypto you support.
 
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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
But I never said cash would be useful in a financial collapse. You on the other hand said Crypto is a way out of the mess (direct quote), when referring to financial collapse.

So again, explain to us how crypto helps Venezeula when they have no internet or power? I mean your Doomsday scenario has already happened. It should be the perfect testing ground for your theories.

Your arguments are as fraudulent as the crypto you support.
Don't play dumb here, and intentionally try to conflate financial collapse (hyper-inflation), with actual service / infrastructure collapse.

Obviously, crypto is a "virtual currency". Cut off the virtual world, and it doesn't work too well.

No electricity makes it hard to do modern banking in general. Might as well just resort back to seashells ("wampum") at that point, if society has collapsed THAT much (think "Planet of the Apes").

Edit: And yes, for those that have it, and still have access to it, I've read incidents where BTC is making a real, positive, diffence on Venezeula's "underground economy".

The scenario I was basicall envisioning, which seems to be coming true, is that rich and poor people will literally use DIFFERENT forms of money altogether.

The "poor" will be forced into FIAT banking, with an endless inflationary spiral, losing the value of their money, day by day, and therefore unable to build wealth in society,,

and the "rich" will have an inflation-proof store of wealth (likely Bitcoin), for which to trade among themselves, and not lose wealth.

Not that we'll all be forced into the jungle again, and hunting with spears and rocks.
 
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VirtualLarry

No Lifer
Aug 25, 2001
50,040
5,856
126
But you see, hyper-inflation and thus collapse, only affects those still trapped in the "old money" (FIAT) system. Those with "new money" (Bitcoin), are largely unaffected, because you can't just "print" bitcoin, there's no mechanism for inflation, once they are all mined in a few years.

We can see that happening now, the price of several classes of consumer electronic goods are skyrocketing (in FIAT), but Bitcoin's value (in FIAT) is also skyrocketing.

Hyper-inflation in the USA is starting NOW, and those that are still trapped in the old FIAT system are in for a world of hurt, as far as their wealth goes. Unless they've invested in Gold or Silver or Bitcoin.

Edit: BTW, crossing a country's border (to escape economic or infrastructure collapse) is a lot easier to remember a "seed phrase", in your head, than try to smuggle a few pounds of metals across the border.

Edit: The ultimate irony in all of this mess is, you're angry at Asus for raising the prices of their GPUs and mobos, and want to blame crypto miners, when it's really the cause of failed monetary policy ("QE") and central ("FIAT") banking that has done this injustice to you, NOT miners. THEY are trying to give you a BETTER life through crypto, and a means to ESCAPE the clutches of FIAT-based Hyper-inflation.

But you are too INDOCTRINATED in the "old ways" that you cannot seem to see it.

I feel sorry for you. I truly do.
 
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ozzy702

Golden Member
Nov 1, 2011
1,059
444
136
$500 for a 3060TI...or an entire Xbox/PS. Eventually at this rate nVidia's only customers will be miners. The rest will switch to AMD-powered consoles.

This problem would easily be solved if world governments banned crypto, or at least started taxing it with real money.
Crypto is already taxed heavily...
 

Mopetar

Diamond Member
Jan 31, 2011
5,236
1,850
136
Except consoles and PCs aren't pyramid ponzi schemes like crypto. When you buy a PC or console you get something physical and tangible that actually does something.

With crypto you get a figment of someone's imagination - some random D00D somewhere on the internet said it had value.
Cryptocurrencies aren't a Ponzi scheme in and of themselves. If people try to manipulate prices in order to do some kind of pump and dump that's no different than any stock or other commodity that people trade.

They're just a non-government backed currency and that's about it. None of the fiat currencies today have any more inherent value outside of being able to pay your taxes with them. Otherwise they're equally as imaginary as counties that have tried to print their way out of debt have discovered.

All things only have value because of what others are willing to pay or trade for them. However, people who are treating these currencies as an investment probably aren't as aware of what they're doing as they should be and are leaving themselves open to being taken advantage of.
 
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