The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[Fanatical Meat]

Bitcoin has been around for ~14 some odd years now. No one would ask this in good faith at this point.

If you are too dumb to understand it, probably best to stay away.

If you feel threatened by it, tough shit.

Okay so you don’t know either. Got it.
I’ll stick with Cryptocurrency is useless for the typical US Citizen or non crypto investment firm based company.

 

[repoman0]

It’s good for doing its part by contributing 1% towards bringing on the climate apocalypse

 

[JEDI]

Okay so you don’t know either. Got it.
I’ll stick with Cryptocurrency is useless for the typical US Citizen or non crypto investment firm based company.

Waiting till Elon implements x-coin (or is it coin-X?) and gives you the ability to buy his Tesla's and rides to the moon/mars with it (with a discount)

 

[Fanatical Meat]

Bot post earlier got me to look up the “Cyprus Forex License” thing.
Per my extremely brief reading to get it you need to:
Pay 2,000 to 51,000 Euros
Wait 2 weeks to 8 months (I assume the upfront cost determines the wait)
I’m not sure of this part, I think you have to take a few hours of classes.

Yup sounds totally legit and worth my trust to find a Cyprus Forex License holding Broker to handle my crypto transactions. No real State licensure, no internship or standard school time required other than possibly paying the company that made the standard for class time. Seemingly no financial disclosures or insurance requirement needed to become certified.
What could possibly go wrong?

 

[Lost_in_the_HTTP]

"What could possibly go wrong?"

Besides responding to a Bot?

 

[Fanatical Meat]

Kind of remember hearing about this Bro. While I am sure he still has made ample money one of his bets lost bigly

Logan Paul's NFT Purchased For $623,000 is Now Worth $10: What Happened? | CoinCodex

amp.coincodex.com

 

[Heartbreaker]

Kind of remember hearing about this Bro. While I am sure he still has made ample money one of his bets lost bigly

Logan Paul's NFT Purchased For $623,000 is Now Worth $10: What Happened? | CoinCodex

amp.coincodex.com

IIRC, He made ample money scamming people with crypto/NFT garbage as well.

 

[Train]

Okay so you don’t know either. Got it.

Bad faith question, bad faith response. Not surprised. Have you even read this thread? Or literally anything?

 

[dullard]

Bad faith question, bad faith response. Not surprised. Have you even read this thread? Or literally anything?

So the only reason to use crypto is for bad faith uses? Or can you actually answer the question?

I suggest that we all start reading this book: https://www.amazon.com/Easy-Money-Cryptocurrency-Casino-Capitalism/dp/1419766392

 

[biostud]

As long as enough users/miners/speculants/criminals believe it to be worth something it is.

When they are not disrupting the GPU market or wasting a lot of energy, I really don't mind anymore.

 

[Fanatical Meat]

Bad faith question, bad faith response. Not surprised. Have you even read this thread? Or literally anything?

I have asked in this thread and the other I still don’t know. Maybe you’ll be the guy.
What is the benefit to me in using crypto for a transaction? What does it do that cash/credit or other established payment means doesn’t do?

 

[Fanatical Meat]

Bad faith question, bad faith response. Not surprised. Have you even read this thread? Or literally anything?

Still waiting.
As a consumer what reason do I have to use a cryptocurrency? What is in it for me?

If it cannot be answered please point out where in this thread I can find that info. I fail to see it answered. You seemed to cite that it is clearly within this thread.

 

[Train]

Still waiting.

Then keep waiting. Jackass.

 

[AdamK47]

Then keep waiting. Jackass.

Oh, this guy.

 

[Zorba]

Then keep waiting. Jackass.

Seems like the question would be easy to answer, even if asked in bad faith. I can easily explain why greenbacks are better for me than gold coin and why credit/debt cards have some benefits over cash.

 

[Fanatical Meat]

Then keep waiting. Jackass.

Okay so there is no reason to use a crypto for any normal person in any developed Country. Seems like you agree.

 

[dullard]

Then keep waiting.

We've been waiting for successful non-Fiat money in America for ~250 years. They've all failed and were full of bank runs, scams, and people disappearing with other's money. How much longer should I wait?

Banks' Own Private Currencies in 19th-Century America - JSTOR Daily

Before the Civil War local banks issued their own money. It was totally legit, too.

daily.jstor.org

 

[BFG10K]

Cryptoboyz (tm), the gift that keeps on giving. Bettering humanity every step of the way, yo!

Group arrested for selling former cryptomining graphics cards as brand-new models

The fall in popularity of cryptocurrency mining in China has caused a flood of used graphics cards to hit the market. It's led to unscrupulous types purchasing...

www.techspot.com

And speaking of a money transfer system: https://www.techspot.com/news/99487-fednow-us-federal-reserve-instant-payment-platform-now.html

Choose to entrust your transactions to:

1. US Federal Reserve backed by the government and insurance companies.
2. Pajama boi's Ethereum ponzi scheme.
3. MonkeyDonkeyLickAnal NFTs.

Hmmm, decisions, decisions...

 

[BFG10K]

Auction for the $2.9 million Jack Dorsey tweet NFT has a high bid of $1,871

Iranian-born Sina Estavi, CEO of Malaysia-based crypto firm Bridge Oracle, bought the NFT of the first tweet from Dorsey in 2021, paying $2,915,835.47 in an auction.

www.techspot.com

It has "value", because you "own" Dorsey's first tweet, yo!

 

[Lost_in_the_HTTP]

Locked him up!!!!


U.S. News // 36 minutes ago
Citing witness tampering, judge sends Sam Bankman-Fried to jail before his trial

FTX Founder Sam Bankman-Fried Jailed After Bail Revoked​

Barron's|46 minutes ago
A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison after prosecutors argued he had violated the conditions of his bail and tampered with witnesses.



.

 

[AdamK47]

The hubris on that guy.

 

[BFG10K]

Bored Ape Yacht Club NFT owners sue Sotheby's, celebs, and parent company as prices plummet

During the height of the crypto craze when non-fungible tokens were seen as sound investments and people were paying comical amounts of money for them, Sotheby's sold...

www.techspot.com

I'm struggling to shed tears for a bunch of Justin Biebers who thought ape jpegs were worth $millions.

They're basically suing because nobody else out there is dumb enough to buy that stuff, so they're stuck with it.

Next up: lets sue the local casino, yo!

 

[biostud]

Some of you might find this blog interesting:

Web3 is Going Just Great

A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.

web3isgoinggreat.com

 

[JEDI]

What runs up on no news falls down on no news

 

[sdifox]

Bored Ape Yacht Club NFT owners sue Sotheby's, celebs, and parent company as prices plummet

During the height of the crypto craze when non-fungible tokens were seen as sound investments and people were paying comical amounts of money for them, Sotheby's sold...

www.techspot.com

I'm struggling to shed tears for a bunch of Justin Biebers who thought ape jpegs were worth $millions.

They're basically suing because nobody else out there is dumb enough to buy that stuff, so they're stuck with it.

Next up: lets sue the local casino, yo!

The ironing is the buyer is FTX.