Author Topic: Crypto Culture  (Read 2809 times)

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Offline BC_cheque

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Re: Crypto Culture
« Reply #105 on: February 04, 2022, 08:19:50 pm »
Why are Covid deniers all about crypto? Is this a sub genre of the conspiracy theories? Sticking it to the man by ‘investing’ in unorthodox channels?

Offline Queefer Sutherland

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Re: Crypto Culture
« Reply #106 on: February 04, 2022, 08:27:33 pm »
I lost it all playing crypto......is what i would be saying in a few years had I ever touched that garbage.
"Nipples is one of the great minds of our time!" - Bubbermiley

Offline Spike The Hike Shady

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Re: Crypto Culture
« Reply #107 on: February 04, 2022, 08:39:04 pm »
Why are Covid deniers all about crypto? Is this a sub genre of the conspiracy theories? Sticking it to the man by ‘investing’ in unorthodox channels?
Who is a covid denier?  What in the world are you talking about?  Did they jab your brain with the vaccine by accident?

Offline Spike The Hike Shady

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Re: Crypto Culture
« Reply #108 on: February 06, 2022, 09:44:44 pm »
Crypto market has taken off.  I bought Mana at around $3.60 per coin, and have 750 coins.  Mana’s now at $4.23.  That’s a profit of .63 cents times 750.  Not too shabby over the course of 6 weeks.

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guest18

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Re: Crypto Culture
« Reply #109 on: February 07, 2022, 06:09:30 am »
I once knew a guy who sold Amway who talked in much the same way. Pyramid suckers all sound the same.

Offline Spike The Hike Shady

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Re: Crypto Culture
« Reply #110 on: February 07, 2022, 09:08:32 am »
I once knew a guy who sold Amway who talked in much the same way. Pyramid suckers all sound the same.
It’s not a pyramid scheme.  You don’t know what you’re taking about.

Offline segnosaur

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Re: Crypto Culture
« Reply #111 on: February 07, 2022, 02:12:09 pm »
I once knew a guy who sold Amway who talked in much the same way. Pyramid suckers all sound the same.
Technically its not a "pyramid" scheme (which has a particular methodology behind it).

A better description might be something like a "Pump and dump" scheme. (i.e. where people promote something of low value that they have stock in, with the idea that they can 'cash out' once the value increases.)

Sort of a Tulip-mania for the 21st century.

See: https://en.wikipedia.org/wiki/Tulip_mania

Offline segnosaur

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Re: Crypto Culture
« Reply #112 on: February 07, 2022, 02:17:23 pm »
Why are Covid deniers all about crypto? Is this a sub genre of the conspiracy theories? Sticking it to the man by ‘investing’ in unorthodox channels?
Believers in conspiracy nonsense (anti-vaxers/anti-maskers, Comet Ping Pong, "Biden stole the election", etc.) tend to be poor at analyzing information sources and judging validity of the information that they see. They believe bunk because they don't have the ability to judge what should be believed and what should not be.

Its not surprising that those people would be drawn to cryptocurrency, since their inability to analyze information would also impact their ability to judge the value of bitcoin et. al.

Offline Spike The Hike Shady

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Re: Crypto Culture
« Reply #113 on: February 07, 2022, 02:20:29 pm »
Believers in conspiracy nonsense (anti-vaxers/anti-maskers, Comet Ping Pong, "Biden stole the election", etc.) tend to be poor at analyzing information sources and judging validity of the information that they see. They believe bunk because they don't have the ability to judge what should be believed and what should not be.

Its not surprising that those people would be drawn to cryptocurrency, since their inability to analyze information would also impact their ability to judge the value of bitcoin et. al.
I had no idea Mark Cuban was an anti-vaxxer etc.  I also didn’t know he doesn’t think Biden win the election!  Isn’t stereotyping fun! 😂🤣

Offline segnosaur

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Re: Crypto Culture
« Reply #114 on: February 14, 2022, 09:35:19 am »
What happens when you combine gullible MAGAchud with questionable technology...
But, but... it seemed like such a good idea!!!

From: https://www.thedailybeast.com/lets-go-brandon-crypto-coin-turns-into-total-dumpster-fire
The MAGA-themed “Let’s Go Brandon” Ethereum cryptocurrency has fallen on tough times.... the value of all 330 trillion coins totals just a few thousand dollars combined...a far cry from the days of pro-Trump investors believing they could strike it rich in the ever-complex world of crypto. That represents a 99.5 percent decline over the last 30 days...


Offline segnosaur

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Re: Crypto Culture
« Reply #115 on: February 15, 2022, 11:24:21 am »
A reminder about a risk with investing in cryptocurrency...

From: https://www.cnbc.com/2022/02/15/crypto-fraudsters-use-robocalls-to-drain-accounts.html
Fraudsters are selling bots...that are designed to trick investors into divulging their two-factor authentication, leading to accounts being wiped out. Crypto investors are being targeted around the country.

Admittedly, the sort of "call from an authority" phishing technique is not unique to crypto currency, and clients of things like banks regularly get scammed. But, if your cryptocurrency account gets cleaned out, I suspect you have far less options.

Offline Boges

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Re: Crypto Culture
« Reply #116 on: February 15, 2022, 11:27:12 am »
A reminder about a risk with investing in cryptocurrency...

From: https://www.cnbc.com/2022/02/15/crypto-fraudsters-use-robocalls-to-drain-accounts.html
Fraudsters are selling bots...that are designed to trick investors into divulging their two-factor authentication, leading to accounts being wiped out. Crypto investors are being targeted around the country.

Admittedly, the sort of "call from an authority" phishing technique is not unique to crypto currency, and clients of things like banks regularly get scammed. But, if your cryptocurrency account gets cleaned out, I suspect you have far less options.

I talked to a guy who was into Crypto. You really need to invest in an extra level of security to protect against fraud. Like putting a password in a safety deposit box or something silly like that.

guest18

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Re: Crypto Culture
« Reply #117 on: May 09, 2022, 07:31:37 am »
Bitcoin has fallen 50% since November. Are there no other gullible Qanon types to invest and jack up its value so the last wave of rubes can at least break even?

Offline Michael Hardner

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Re: Crypto Culture
« Reply #118 on: May 09, 2022, 07:46:28 am »
Without knowledge that can make you understand where your money is going, it's just a roulette wheel.

I get that you can invest in certain players based on the tech they choose, their marketing angle, and so on but most of it seems to be betting on how others will bet so it's like poker.  I have a friend who makes his living via online poker.  Not a great way to live IMO.

guest18

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Re: Crypto Culture
« Reply #119 on: May 11, 2022, 01:34:41 pm »
Crypto market has taken off.  I bought Mana at around $3.60 per coin, and have 750 coins.  Mana’s now at $4.23.  That’s a profit of .63 cents times 750.  Not too shabby over the course of 6 weeks.

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And it's since dropped something like 80%?
You should know by now I'm never wrong. 😆
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