The anti-crypto thread

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Fanatical Meat

Fanatical Meat

Lifer
Feb 4, 2009
35,862
17,405
136
Train said:
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.
Click to expand...
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

repoman0

Diamond Member
Jun 17, 2010
5,191
4,574
136
It’s good for doing its part by contributing 1% towards bringing on the climate apocalypse
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
Fanatical Meat said:
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.
Click to expand...
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

Fanatical Meat

Lifer
Feb 4, 2009
35,862
17,405
136
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?
 
Heartbreaker

Heartbreaker

Diamond Member
Apr 3, 2006
5,212
6,833
136
biostud

biostud

Lifer
Feb 27, 2003
19,966
7,059
136
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.
 
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Fanatical Meat

Fanatical Meat

Lifer
Feb 4, 2009
35,862
17,405
136
Train said:
Bad faith question, bad faith response. Not surprised. Have you even read this thread? Or literally anything?
Click to expand...
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?
 
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Fanatical Meat

Fanatical Meat

Lifer
Feb 4, 2009
35,862
17,405
136
Train said:
Bad faith question, bad faith response. Not surprised. Have you even read this thread? Or literally anything?
Click to expand...
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.
 
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Zorba

Zorba

Lifer
Oct 22, 1999
15,613
11,256
136
Train said:
Then keep waiting. Jackass.
Click to expand...
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.
 
BFG10K

BFG10K

Lifer
Aug 14, 2000
22,709
3,005
126
Cryptoboyz (tm), the gift that keeps on giving. Bettering humanity every step of the way, yo!

www.techspot.com

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 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... o_O
 
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Lost_in_the_HTTP

Lost_in_the_HTTP

Lifer
Nov 17, 2019
13,338
7,888
136
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​

www.barrons.com.ico
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.



.
 
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BFG10K

BFG10K

Lifer
Aug 14, 2000
22,709
3,005
126
www.techspot.com

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 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!
 
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sdifox

sdifox

No Lifer
Sep 30, 2005
100,679
18,020
126
BFG10K said:
www.techspot.com

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 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!
Click to expand...
The ironing is the buyer is FTX.
 
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