Post by: JMT on June 14, 2017, 03:27:56 pm
Post by: Michael Hardner on June 14, 2017, 04:22:06 pm
Post by: JMT on June 14, 2017, 04:39:18 pm
Why is this 'crypto' ? Crypto is what keeps my password safe from the admins here.
Cryptozoology - the pseudoscience that searches for mythical creatures. Another area within this that fascinates me is the theories on the origin of the bloop.
Post by: Michael Hardner on June 14, 2017, 05:12:44 pm
Do you know about the Coelacanth ? Thought to be extinct until 1938. When they caught one !
https://en.wikipedia.org/wiki/Coelacanth
Post by: JMT on June 14, 2017, 08:08:58 pm
Post by: JMT on June 14, 2017, 08:10:25 pm
As long as it doesn't get too bullsh**ty I'm ok with it. The Bloop, the Wow Signal all of it is fine.
Do you know about the Coelacanth ? Thought to be extinct until 1938. When they caught one !
https://en.wikipedia.org/wiki/Coelacanth
I actually just learned about that at the Vancouver Aquarium this week. That's really interesting. It's especially interesting that they live in two isolated ocean pockets.
Have you ever read up on the Cuvier's Beaked Whale? That's a really interesting dolphin (though not crypto).
Post by: kimmy on June 14, 2017, 11:01:13 pm
Cryptozoology - the pseudoscience that searches for mythical creatures. Another area within this that fascinates me is the theories on the origin of the bloop.
Motion to rename thread to "Creature Culture".
-k
Post by: Michael Hardner on June 15, 2017, 04:54:47 am
Have you ever read up on the Cuvier's Beaked Whale? That's a really interesting dolphin (though not crypto).
Never heard about it. Sounds similar to the other fish, but I didn't find a similar account of how they found live ones.
They are still finding new species. I met a guy once who went on a bug hunt with his prof in Cambodia and he found a new kind of bug. Some people...
Post by: JMT on June 15, 2017, 09:21:17 am
Motion to rename thread to "Creature Culture".
-k
I'll think about it. Crypto culture?
Post by: Michael Hardner on September 24, 2021, 09:39:50 am
Bitcoin is down.
https://www.cnn.com/2021/09/24/investing/china-cryptocurrency-ban/index.html
Post by: After 9 years of Trudeau Shady on January 09, 2022, 08:25:31 pm
Post by: Queefer Sutherland on January 09, 2022, 11:10:39 pm
China doesn't like Bitcoin.
Bitcoin is down.
https://www.cnn.com/2021/09/24/investing/china-cryptocurrency-ban/index.html
China can't control crypto, which is why they don't like it.
Post by: Black Dog on January 10, 2022, 10:41:01 am
I thought this was gonna be about Bitcoin, Ethereum etc.
Cryptids are more real than that crap.
Post by: After 9 years of Trudeau Shady on January 10, 2022, 11:17:30 am
Cryptids are more real than that crap.I’m not so sure. The $5000 I’ve made in Ethereum since April is very real. And that’s counting the current market decline.
Post by: Black Dog on January 10, 2022, 11:34:02 am
I’m not so sure. The $5000 I’ve made in Ethereum since April is very real. And that’s counting the current market decline.
If you didn't sell it for 5K, you didn't make $5000.
Post by: After 9 years of Trudeau Shady on January 10, 2022, 12:01:50 pm
If you didn't sell it for 5K, you didn't make $5000.True.
Post by: Michael Hardner on January 10, 2022, 02:10:02 pm
Post by: Queefer Sutherland on January 10, 2022, 03:33:10 pm
What exactly are you gambling on with this stuff ?
Money.
Post by: Michael Hardner on January 11, 2022, 09:21:34 am
Money.
But what is the difference between this and a roulette wheel play ?
Post by: After 9 years of Trudeau Shady on January 11, 2022, 09:28:56 am
But what is the difference between this and a roulette wheel play ?It’s not really much different than the stock market.
Post by: Michael Hardner on January 11, 2022, 10:05:38 am
It’s not really much different than the stock market.
?
Post by: Black Dog on January 11, 2022, 10:53:43 am
It’s not really much different than the stock market.
The stock market is tied to companies that exist in the real world that, theoretically at least, provide value through providing services or creating products. Crypto is tethered to nothing, hence the extreme volatility.
Post by: After 9 years of Trudeau Shady on January 11, 2022, 11:08:33 am
The stock market is tied to companies that exist in the real world that, theoretically at least, provide value through providing services or creating products. Crypto is tethered to nothing, hence the extreme volatility.That’s partially true but also partially false. Regardless of the crypto, it absolutely is tied to something. You need to look into how Bitcoin, etc are mined. However, for another example, I have money invested in MANA, which is a crypto currency used in decentraland, and Facebook’s meta verse. Those are real companies with products, services etc. They’re emerging products and services, but products and services nonetheless. Many people have little knowledge when it comes to anything crypto. And that’s ok, it’s a very niche market.
Post by: After 9 years of Trudeau Shady on January 11, 2022, 12:36:30 pm
Post by: guest18 on January 11, 2022, 12:41:02 pm
Post by: After 9 years of Trudeau Shady on January 11, 2022, 12:43:02 pm
You might also be interested in selling AmwayRight, because Facebook and Amway are the same.
Post by: guest18 on January 11, 2022, 02:01:38 pm
Right, because Facebook and Amway are the same.It's multi-level marketing. It only lasts as long as there are suckers to exploit.
Post by: After 9 years of Trudeau Shady on January 11, 2022, 02:07:52 pm
It's multi-level marketing. It only lasts as long as there are suckers to exploit.That’s not true. It has nothing to do with marketing. This particular currency is used for many things, like in virtual casinos. Is online gambling multi-level marketing? You’re probably also unaware that companies like Nike have purchased their own spaces in the metaverse. I have a tip for you guys, don’t talk about this stuff if you have no idea what you’re talking about, and basing everything on your uninformed assumptions.
Post by: guest18 on January 11, 2022, 02:52:33 pm
Post by: wilber on January 11, 2022, 06:29:11 pm
You might also be interested in selling Amway
I'm surprised Amway still exists. I had to look it up.
Post by: After 9 years of Trudeau Shady on January 11, 2022, 06:34:44 pm
I certainly don't want to discourage you from investing in it. ;)You can’t, yours is not an informed opinion.
Post by: Black Dog on January 11, 2022, 10:11:15 pm
Btw, if anyone is interested, https://decentraland.org/
Isn't this just, like, Second Life?
Post by: Michael Hardner on January 12, 2022, 09:16:25 am
You can’t, yours is not an informed opinion.
But - WHAT IS THE INFORMATION ?
What makes something a better bet than something else ?
Post by: After 9 years of Trudeau Shady on January 12, 2022, 09:46:58 am
Isn't this just, like, Second Life?Sort of, yes. Except you can do real world things in it. Facebook is doing something similar.
Post by: After 9 years of Trudeau Shady on January 12, 2022, 10:47:46 am
But - WHAT IS THE INFORMATION ?The reasons vary. But some if it has to do with gas fees, which refers to the unit that measures the amount of computational effort required to execute specific operations on a particular network, like Ethereum. Some of it has to do with projects that they're associated with. Like Mana for instance, being associated with Decentraland.org and being used in Facebook's metaverse. However, some of it like anything is speculation.
What makes something a better bet than something else ?
Post by: Black Dog on January 12, 2022, 11:08:50 am
Sort of, yes. Except you can do real world things in it. Facebook is doing something similar.
Why would you want to?
Post by: Michael Hardner on January 12, 2022, 12:33:54 pm
The reasons vary. But some if it has to do with gas fees, which refers to the unit that measures the amount of computational effort required to execute specific operations on a particular network, like Ethereum. Some of it has to do with projects that they're associated with. Like Mana for instance, being associated with Decentraland.org and being used in Facebook's metaverse. However, some of it like anything is speculation.
So - betting on their networks and uptick as well as how efficient they are at generating the juice ?
Post by: After 9 years of Trudeau Shady on January 12, 2022, 12:41:12 pm
Why would you want to?To be free from banks.
Post by: After 9 years of Trudeau Shady on January 12, 2022, 12:43:10 pm
So - betting on their networks and uptick as well as how efficient they are at generating the juice ?Yes, pretty much. There's still a lot of it that can be risky, but the general rule is you only invest as much as you're comfortable losing. The easiest way is to use the WealthSimple app. It's nice because you can invest in crypto or you can invest in regular stock in the Dow or Nasdaq.
Post by: After 9 years of Trudeau Shady on January 12, 2022, 12:47:39 pm
Post by: Michael Hardner on January 12, 2022, 09:10:00 pm
https://www.youtube.com/watch?v=oxfqZaw_5d4
Post by: After 9 years of Trudeau Shady on January 12, 2022, 09:38:22 pm
Imagine trying to bet on one of these babies out of the gateDefinitely. Obviously Amazon and Yahoo would’ve yielded great results. Netscape would have if Microsoft didn’t put them out of business.
https://www.youtube.com/watch?v=oxfqZaw_5d4
Post by: Queefer Sutherland on January 12, 2022, 09:57:49 pm
Imagine trying to bet on one of these babies out of the gate
I remember there was an insane flurry of speculative investing during the dotcom boom in the late 90's, and then it all crashed. Reminds me exactly of crypto. I wouldn't touch it with a 100-ft pole. Over-speculation almost always ends in disaster.
Post by: Boges on January 13, 2022, 07:36:17 am
I remember there was an insane flurry of speculative investing during the dotcom boom in the late 90's, and then it all crashed. Reminds me exactly of crypto. I wouldn't touch it with a 100-ft pole. Over-speculation almost always ends in disaster.
The hype is all about FOMO. People who just got in, need more people to adopt or their investment isn't worth it.
Typical pyramid scheme. At least with Real Estate, Art or Gold, you have something for your efforts.
Post by: After 9 years of Trudeau Shady on January 13, 2022, 08:11:25 am
I remember there was an insane flurry of speculative investing during the dotcom boom in the late 90's, and then it all crashed. Reminds me exactly of crypto. I wouldn't touch it with a 100-ft pole. Over-speculation almost always ends in disaster.Yes, but crypto, like Bitcoin has been around for over 10 years. It’s not like the dot com boom.
Post by: Boges on January 13, 2022, 09:03:37 am
Yes, but crypto, like Bitcoin has been around for over 10 years. It’s not like the dot com boom.
But now people are peddling stupid GIFs and your Metaverse there as the "Next" Bitcoin.
Post by: After 9 years of Trudeau Shady on January 13, 2022, 09:32:10 am
But now people are peddling stupid GIFs and your Metaverse there as the "Next" Bitcoin.True. I haven’t got into things like that or NFTs. But I definitely think the metaverse will only get bigger. Especially as virtual reality technology gets better and better.
Post by: Boges on January 13, 2022, 09:43:39 am
True. I haven’t got into things like that or NFTs. But I definitely think the metaverse will only get bigger. Especially as virtual reality technology gets better and better.
I've been hearing how Virtual reality is the "Next" thing for like 5 years.
Do we really want to live in the world depicted in Ready Player One?
Post by: After 9 years of Trudeau Shady on January 13, 2022, 10:09:26 am
I've been hearing how Virtual reality is the "Next" thing for like 5 years.Some people might, once in a while. Some of the VR for Playstation is getting pretty good now. I can't imagine what it's going to be like 10 years from now. It'll probably very realistic. Imagine being able to put on a VR headset, and instantly start walking around the great pyramids in Egypt.
Do we really want to live in the world depicted in Ready Player One?
Post by: Queefer Sutherland on January 13, 2022, 10:34:30 am
Yes, but crypto, like Bitcoin has been around for over 10 years. It’s not like the dot com boom.
Well remember the sports card and comic book boom and bust in the early 90's? Rabid speculation is a dangerous game.
Post by: After 9 years of Trudeau Shady on January 13, 2022, 10:52:47 am
Well remember the sports card and comic book boom and bust in the early 90's? Rabid speculation is a dangerous game.No I don’t. But cards and comics are quite lucrative today, and have been for many years. But yes, sometimes speculation doesn’t work out, but sometimes it does.
Post by: Boges on January 13, 2022, 02:09:53 pm
No I don’t. But cards and comics are quite lucrative today, and have been for many years. But yes, sometimes speculation doesn’t work out, but sometimes it does.
In the early 90's everyone was in on buying cards and comics. The market was flooded with cards and comics, making them worthless.
Issue #1 of Spawn, which I believe I have in my storage room, isn't even worth selling. https://www.sellmycomicbooks.com/spawn-1-value.html
Things are valuable because they're scarce.
Post by: Michael Hardner on January 13, 2022, 02:38:05 pm
Things are valuable because they're scarce.
I'm hearing tell that early rock n roll memorabilia is starting to drop in value.
I guess nobody wants to pay big for Carl Perkins' hat...
Post by: After 9 years of Trudeau Shady on January 13, 2022, 11:10:59 pm
In the early 90's everyone was in on buying cards and comics. The market was flooded with cards and comics, making them worthless.That’s true. But if you’re under the impression that crypto isn’t somewhat scarce you’re incorrect. It is. The amount of time and energy that’s require to produce Bitcoin etc is very extensive.
Issue #1 of Spawn, which I believe I have in my storage room, isn't even worth selling. https://www.sellmycomicbooks.com/spawn-1-value.html
Things are valuable because they're scarce.
Post by: Boges on January 14, 2022, 08:04:46 am
That’s true. But if you’re under the impression that crypto isn’t somewhat scarce you’re incorrect. It is. The amount of time and energy that’s require to produce Bitcoin etc is very extensive.
Which is another problem with Crypto. The blockchain seems like a waste of energy.
Bitcoin would have been an excellent investment even 2 or 3 years ago. Now you're buying high, people getting in now are just on the bottom of the pyramid.
So other Cryptos have to come along and be the next Bitcoin. What real value does Dogecoin have?
And that speaks to flooding the market with all these things that are essentially the same and fuelled purely on speculation.
Post by: Michael Hardner on January 14, 2022, 08:21:21 am
And that speaks to flooding the market with all these things that are essentially the same and fuelled purely on speculation.
I get the point that how they're generated and who they network with is worth something. So you're essentially talking formats... like VHS vs beta.
But there's nothing behind it other than the way it's generated and who can help sell it.
The primary value is as a sketchy way to trade without government control.
Sounds really shitty actually.
Post by: Boges on January 14, 2022, 08:46:14 am
The primary value is as a sketchy way to trade without government control.
And that makes it a prime target for fraudsters.
Post by: eyeball on January 14, 2022, 12:00:12 pm
The blockchain seems like a waste of energy.I wonder how it compares to a grow-op?
My son in-law has a stack of hard-drives churning out bitcoin and enough heat my daughter turns the thermostat down in the winter.
Post by: Squidward von Squidderson on January 14, 2022, 12:16:00 pm
I wonder how it compares to a grow-op?
My son in-law has a stack of hard-drives churning out bitcoin and enough heat my daughter turns the thermostat down in the winter.
A grow-op has a commodity with value. Bitcoin is…. nothing.
Post by: eyeball on January 14, 2022, 01:21:29 pm
A grow-op has a commodity with value. Bitcoin is…. nothing.Sure seems like a lot of effort going into it. In the summer when the breakers start tripping due to the air-conditioners my daughter brings the kids out to the coast so there is that.
Cryptocurrency aside blockchain technology seems to have other uses besides driving my daughter nuts. I found this basics to blockchain article and it made me wonder if blockchain technology could somehow be applied to information or public records in a way that it would make our governance more transparent and easier to trust.
Quote
...blockchain technology allows a digital currency to maintain a trusted transaction network without relying on a central authority. It is for this reason that digital currencies are thought of as "decentralized."
While blockchain is most famous for its role in facilitating the rise of digital currencies over the past several years, there are also many other non-cryptocurrency uses for this technology. Indeed, some blockchain proponents believe that the technology could far outpace cryptocurrencies themselves in terms of its overall impact, and that the real potential of blockchain is only just now being discovered.
https://www.investopedia.com/tech/forget-bitcoin-blockchain-future/
Post by: eyeball on January 14, 2022, 01:30:45 pm
Quote
Oracles were trusted sources of knowledge for public deliberation in classical Athens. Very much like expert and technical knowledge, divine advice was embedded in the deliberation and decision-making process of the democratic Assembly. While the idea of religious divination is completely out of place in our contemporary democracies, oracles made a technological comeback with modern computer science and cryptography and, more recently, the emergence of the blockchain as a “trust machine.”
https://www.frontiersin.org/articles/10.3389/fbloc.2020.575662/full
Post by: Michael Hardner on January 14, 2022, 02:28:22 pm
1. Sure seems like a lot of effort going into it.1. Gold rush. It's gambling. Let us know if your family makes anything. People I know post when they make $10K then just seem sad some days, I assume the days they lost $5K or $15K. My uncle Lenny had a bookie back in the day.
2. Cryptocurrency aside blockchain technology seems to have other uses besides driving my daughter nuts. I found this basics to blockchain article and it made me wonder if blockchain technology could somehow be applied to information or public records in a way that it would make our governance more transparent and easier to trust.
2. Bingo. You have hit on it. Pretty soon the riches of the world will be ours bwah hah hah....
There's no way to stop the collision of pervasive technology and pervasive morality. Pretty soon they will mate and you will have.... wait for it... a culture ! :O
Post by: After 9 years of Trudeau Shady on January 14, 2022, 02:53:27 pm
Sure seems like a lot of effort going into it. In the summer when the breakers start tripping due to the air-conditioners my daughter brings the kids out to the coast so there is that.Definitely. Most people have no idea what blockchain technology is, how crypto currency works and is created. It has many of everyday applications as well. They also think that there’s nothing tied to any crypto currency, which is false, but have no problem with a paper currency printed by the government, with nothing tied to it, as the gold standard has been long abandoned.
Cryptocurrency aside blockchain technology seems to have other uses besides driving my daughter nuts. I found this basics to blockchain article and it made me wonder if blockchain technology could somehow be applied to information or public records in a way that it would make our governance more transparent and easier to trust.
Post by: Black Dog on January 14, 2022, 02:58:07 pm
Definitely. Most people have no idea what blockchain technology is, how crypto currency works and is created. It has many of everyday applications as well. They also think that there’s nothing tied to any crypto currency, which is false, but have no problem with a paper currency printed by the government, with nothing tied to it, as the gold standard has been long abandoned.
Yeah it's a real head-scratcher why people trust currency issued by the state and recognized by all as legal tender but don't trust an overly complex and extremely sketchy system of nerd currency used primarily by speculators and money-launderers.
Post by: Squidward von Squidderson on January 14, 2022, 03:02:19 pm
Yeah it's a real head-scratcher why people trust currency issued by the state and recognized by all as legal tender but don't trust an overly complex and extremely sketchy system of nerd currency used primarily by speculators and money-launderers.
You can see how someone could think Bitcoin is just as good of an investment as currency when they don’t even know the difference between Bitcoin and the stock market.
|
|
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\ /
It’s not really much different than the stock market.
Post by: After 9 years of Trudeau Shady on January 14, 2022, 03:11:07 pm
Yeah it's a real head-scratcher why people trust currency issued by the state and recognized by all as legal tender but don't trust an overly complex and extremely sketchy system of nerd currency used primarily by speculators and money-launderers.Actually, banks are now offering crypto Visas and Mastercards. Places are now starting to accept payment of goofs and services from crypto currency, and some countries have adopted Bitcoin as their national currency. Honestly, you people are like the people who argued against the internet saying it was just a fad back in the 90s.
Post by: Black Dog on January 14, 2022, 03:18:31 pm
Actually, banks are now offering crypto Visas and Mastercards. Places are now starting to accept payment of goofs and services from crypto currency, and some countries have adopted Bitcoin as their national currency. Honestly, you people are like the people who argued against the internet saying it was just a fad back in the 90s.
Nothing says "viable asset" like something that can drop precipitously in value when Elon Musk does a tweet about it.
Post by: After 9 years of Trudeau Shady on January 14, 2022, 05:39:54 pm
Nothing says "viable asset" like something that can drop precipitously in value when Elon Musk does a tweet about it.Lots of things can drop in value on what somebody says. It really depends on the substance of what they’re saying. Regardless, markets usually correct within a couple of days, after the irrationality subsides.
Post by: Squidward von Squidderson on January 14, 2022, 08:09:52 pm
Lots of things can drop in value on what somebody says. It really depends on the substance of what they’re saying. Regardless, markets usually correct within a couple of days, after the irrationality subsides.
You think Elon Musk could drop the price of gold with a tweet?
Post by: Queefer Sutherland on January 14, 2022, 08:47:32 pm
You think Elon Musk could drop the price of gold with a tweet?
If he was an expert on gold, yes. Price is based on supply and demand. Lower demand and cost decreases.
Post by: cybercoma on January 15, 2022, 11:11:43 am
As for cryptids, meh.
Post by: Michael Hardner on January 15, 2022, 11:41:33 am
Post by: Black Dog on January 15, 2022, 02:53:27 pm
Post by: Queefer Sutherland on January 15, 2022, 04:48:48 pm
Post by: Queefer Sutherland on January 15, 2022, 04:49:21 pm
Post by: After 9 years of Trudeau Shady on January 16, 2022, 02:16:34 pm
Disney’s CEO reveals his strategy for 2022 and beyond—including creating a metaverse with your favorite characters
https://www.google.ca/amp/s/fortune.com/2022/01/14/bob-chapek-disney-strategy-metaverse-streaming-disney-plus/amp/
Post by: Black Dog on January 17, 2022, 03:11:03 pm
Big news! Disney has plans for the metaverse.
Disney’s CEO reveals his strategy for 2022 and beyond—including creating a metaverse with your favorite characters
https://www.google.ca/amp/s/fortune.com/2022/01/14/bob-chapek-disney-strategy-metaverse-streaming-disney-plus/amp/
Sounds super lame.
Post by: Queefer Sutherland on January 17, 2022, 03:39:43 pm
Disney has become so lame, it's a shame, used to be such a wonderful company. They also own my entire childhood and pimp it for cash.
Post by: After 9 years of Trudeau Shady on January 17, 2022, 03:55:50 pm
Sounds super lame.That’s what people said about the internet too.
Post by: Squidward von Squidderson on January 17, 2022, 04:31:04 pm
They also own my entire childhood and pimp it for cash.
You thought they were a charity?
Post by: Michael Hardner on January 17, 2022, 04:40:25 pm
That’s what people said about the internet too.
I don't think many did
Post by: After 9 years of Trudeau Shady on January 17, 2022, 05:29:38 pm
I don't think many didThere were some pretty bad predictions and judgments made. Let’s call this guy the Black Dogg of 1995! 😂
Then there's cyberbusiness. We're promised instant catalog shopping—just point and click for great deals. We'll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obselete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Even if there were a trustworthy way to send money over the Internet—which there isn't—the network is missing a most essential ingredient of capitalism: salespeople.
https://www.google.ca/amp/s/www.newsweek.com/clifford-stoll-why-web-wont-be-nirvana-185306%3famp=1
Post by: Michael Hardner on January 17, 2022, 07:33:39 pm
Post by: segnosaur on January 18, 2022, 10:19:04 am
I saw a minotaur the other day while out on a walk.Did it look like this?
https://battlebots.fandom.com/wiki/Minotaur#:~:text=Minotaur%20is%20a%20robot%20built,reboot%2C%20including%20Discovery%20Season%206.&text=It%20represents%20all%20the%20experience,dream%20of%20competing%20at%20BattleBots.
Post by: Michael Hardner on January 18, 2022, 10:20:49 am
You could have seen at the time that that was a dumb assessment
No seriously ?
"The internet is going to handle ? What the hell - THE MALLS ARE FULL"
That is embarrassing and why Newsweek and Time are only marginally serious publications.
Post by: segnosaur on January 18, 2022, 10:27:45 am
Definitely. Most people have no idea what blockchain technology is, how crypto currency works and is created. It has many of everyday applications as well. They also think that there’s nothing tied to any crypto currency, which is false, but have no problem with a paper currency printed by the government, with nothing tied to it, as the gold standard has been long abandoned.I think there is a difference.
It is true that many/most countries have abandoned the gold standard. But, countries can still take an active role in managing their currencies.... contracting the M1 money supply, changing interest rates, etc. all in an attempt to maintain stability.
There is no such mechanism for maintaining stability with Bitcoin or other crypto currencies. If something unexpected happens to cause the value of bitcoin to crash? There's nobody there to try to stop the free-fall. Such uncertainties can and should make people nervous.
Post by: After 9 years of Trudeau Shady on January 18, 2022, 10:28:00 am
You could have seen at the time that that was a dumb assessmentThe fact that it was a dumb assessment is kind of the point. Some people actually said these types of things, mostly because they had little understanding of what the internet actually was. Which is the same in the case of the metaverse. It reminds me of the same type of thing. I guess only time will tell.
Post by: After 9 years of Trudeau Shady on January 18, 2022, 10:29:38 am
I think there is a difference.There absolutely IS a mechanism fir maintaining stability, scarcity, etc of Bitcoin. It’s all part of blockchain and how Bitcoin is mined.
It is true that many/most countries have abandoned the gold standard. But, countries can still take an active role in managing their currencies.... contracting the M1 money supply, changing interest rates, etc. all in an attempt to maintain stability.
There is no such mechanism for maintaining stability with Bitcoin or other crypto currencies. If something unexpected happens to cause the value of bitcoin to crash? There's nobody there to try to stop the free-fall. Such uncertainties can and should make people nervous.
Post by: segnosaur on January 18, 2022, 10:38:04 am
Ummm... no.QuoteIt is true that many/most countries have abandoned the gold standard. But, countries can still take an active role in managing their currencies.... contracting the M1 money supply, changing interest rates, etc. all in an attempt to maintain stability.
There is no such mechanism for maintaining stability with Bitcoin or other crypto currencies. If something unexpected happens to cause the value of bitcoin to crash? There's nobody there to try to stop the free-fall. Such uncertainties can and should make people nervous.
There absolutely IS a mechanism fir maintaining stability, scarcity, etc of Bitcoin. It’s all part of blockchain and how Bitcoin is mined.
Blockchain is the ledger system, which is used to store/maintain records of bitcoin ownership. The mining of bitcoin is done via computers solving various mathematical formulas.
Neither provides any sort of mechanism for actively managing currency values in the event of a crisis. Blockchain will ensure you have have the correct number of bitcoins in your account, but it will not prevent the value of those bitcoins from dropping in value because of an Elon Musk tweet, or because some bitcoin exchange has become compromised.
Post by: Black Dog on January 18, 2022, 10:49:38 am
There were some pretty bad predictions and judgments made. Let’s call this guy the Black Dogg of 1995! 😂
Then there's cyberbusiness. We're promised instant catalog shopping—just point and click for great deals. We'll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obselete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Even if there were a trustworthy way to send money over the Internet—which there isn't—the network is missing a most essential ingredient of capitalism: salespeople.
https://www.google.ca/amp/s/www.newsweek.com/clifford-stoll-why-web-wont-be-nirvana-185306%3famp=1
Mans was a prophet:
Quote
Consider today's online world. The Usenet, a worldwide bulletin board, allows anyone to post messages across the nation. Your word gets out, leapfrogging editors and publishers. Every voice can be heard cheaply and instantly. The result? Every voice is heard. The cacophany more closely resembles citizens band radio, complete with handles, harrasment, and anonymous threats. When most everyone shouts, few listen.
...
What the Internet hucksters won't tell you is that the Internet is one big ocean of unedited data, without any pretense of completeness. Lacking editors, reviewers or critics, the Internet has become a wasteland of unfiltered data. You don't know what to ignore and what's worth reading.
...
What's missing from this electronic wonderland? Human contact. Discount the fawning techno-burble about virtual communities. Computers and networks isolate us from one another. A network chat line is a limp substitute for meeting friends over coffee. No interactive multimedia display comes close to the excitement of a live concert. And who'd prefer cybersex to the real thing? While the Internet beckons brightly, seductively flashing an icon of knowledge-as-power, this nonplace lures us to surrender our time on earth. A poor substitute it is, this virtual reality where frustration is legion and where—in the holy names of Education and Progress—important aspects of human interactions are relentlessly devalued.
Post by: After 9 years of Trudeau Shady on January 18, 2022, 11:26:05 am
Mans was a prophet:Yes, some of it he nailed, some of it he missed badly.
Post by: After 9 years of Trudeau Shady on January 18, 2022, 11:29:22 am
There absolutely IS a mechanism fir maintaining stability, scarcity, etc of Bitcoin. It’s all part of blockchain and how Bitcoin is mined.Incorrect. The mining is designed so that only a certain amount of Bitcoin can be produced in a given period of time, which controls scarcity. Regardless of tweets, the price may dip or raise briefly always settles back after a short period of time, similar to that of stocks. The overall long term value has little to do with a tweet or a post.
Ummm... no.
Blockchain is the ledger system, which is used to store/maintain records of bitcoin ownership. The mining of bitcoin is done via computers solving various mathematical formulas.
Neither provides any sort of mechanism for actively managing currency values in the event of a crisis. Blockchain will ensure you have have the correct number of bitcoins in your account, but it will not prevent the value of those bitcoins from dropping in value because of an Elon Musk tweet, or because some bitcoin exchange has become compromised.
Post by: Black Dog on January 18, 2022, 11:47:30 am
Yes, some of it he nailed, some of it he missed badly.
So it seems kinda dumb to write off skeptics of the metaverse/crypto etc.
Post by: After 9 years of Trudeau Shady on January 18, 2022, 11:59:45 am
So it seems kinda dumb to write off skeptics of the metaverse/crypto etc.I’m not saying it’s dumb, just ill-advised. Btw, big news. Microsoft is now part of the metaverse.
Microsoft bets on the metaverse with $69 billion deal for Activision Blizzard
https://www.google.ca/amp/s/www.marketwatch.com/amp/story/microsoft-bets-on-the-metaverse-with-69-billion-deal-for-activision-blizzard-11642515657
Quick, one of you needs to tell them they’re investing in a pyramid scheme!
Post by: Black Dog on January 18, 2022, 12:17:04 pm
I’m not saying it’s dumb, just ill-advised. Btw, big news. Microsoft is now part of the metaverse.
Microsoft bets on the metaverse with $69 billion deal for Activision Blizzard
https://www.google.ca/amp/s/www.marketwatch.com/amp/story/microsoft-bets-on-the-metaverse-with-69-billion-deal-for-activision-blizzard-11642515657
Quick, one of you needs to tell them they’re investing in a pyramid scheme!
They're buying an established game company?
You are a very gullible person.
Post by: Boges on January 18, 2022, 12:18:19 pm
I’m not saying it’s dumb, just ill-advised. Btw, big news. Microsoft is now part of the metaverse.
Microsoft bets on the metaverse with $69 billion deal for Activision Blizzard
https://www.google.ca/amp/s/www.marketwatch.com/amp/story/microsoft-bets-on-the-metaverse-with-69-billion-deal-for-activision-blizzard-11642515657
Quick, one of you needs to tell them they’re investing in a pyramid scheme!
That company already makes some of the most popular Video Games. Not sure why VR is such a huge portion of this.
They've just stolen CoD from Sony. That's the headline.
Post by: Black Dog on January 18, 2022, 12:27:01 pm
That company already makes some of the most popular Video Games. Not sure why VR is such a huge portion of this.
They've just stolen CoD from Sony. That's the headline.
Couldn't be that they saw an opportunity to scoop up a productive asset for a low price after its stock plummeted due to a shitload of sexual harassment claims. Has to be they believe so much in the "metaverse".
Post by: After 9 years of Trudeau Shady on January 18, 2022, 12:59:25 pm
They're buying an established game company?
You are a very gullible person.
Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” Chief Executive Satya Nadella said in the release.
Post by: Boges on January 18, 2022, 01:02:09 pm
Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” Chief Executive Satya Nadella said in the release.
AFIK Microsoft has no VR option. This deal doesn't really change that.
Post by: segnosaur on January 18, 2022, 01:07:46 pm
Which of course is irrelevant. Just being mined/scarce does not mean that it is a managed currency. Countries take steps to manage their currency because their values can be effected by events can happen that fall outside the question of "how scarce is it?"QuoteThere absolutely IS a mechanism fir maintaining stability, scarcity, etc of Bitcoin. It’s all part of blockchain and how Bitcoin is mined.Incorrect. The mining is designed so that only a certain amount of Bitcoin can be produced in a given period of time, which controls scarcity.
Ummm... no.
Blockchain is the ledger system, which is used to store/maintain records of bitcoin ownership. The mining of bitcoin is done via computers solving various mathematical formulas.
Neither provides any sort of mechanism for actively managing currency values in the event of a crisis. Blockchain will ensure you have have the correct number of bitcoins in your account, but it will not prevent the value of those bitcoins from dropping in value because of an Elon Musk tweet, or because some bitcoin exchange has become compromised.
Quote
Regardless of tweets, the price may dip or raise briefly always settles back after a short period of time, similar to that of stocks. The overall long term value has little to do with a tweet or a post.What 'settling'? Bitcoin always seems to be subject to these wild swings in value. Over the past 5 years, it has either gained or lost more than half its value 6 times. (And that is measuring from peak to trough.)
Between mid-march, 2020 and mid-march 2021, the value of Bitcoin increased from ~$7000 (CAD) to over $70,000. (Within a few months, the price was cut roughly in half.) A 1-year 10 fold increase may be wonderful for the speculators who bought in prior to 2020, but as a currency that people might use on a day-to-day basis, it sucks.
Compare that to the Canadian dollar where it usually fluctuates by only about 5% against the American dollar, and an inflation rate of greater than 5% has been unheard of for decades.
Post by: Squidward von Squidderson on January 18, 2022, 02:11:12 pm
Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” Chief Executive Satya Nadella said in the release.
LOL
ummm…. Corporate media lines? Now that’s some deep digging into the issue!
Well, it’s actually more than your usual posts…. So good on you!
Post by: Boges on January 27, 2022, 12:05:30 pm
I could buy low now, but I wouldn't be looking at parking that money? I'd be looking for a spike where I could profit.
Investing in Crypto is more Gambling than smart investing.
Post by: After 9 years of Trudeau Shady on January 29, 2022, 04:25:16 pm
BTW, what stable investment loses half it's worth in a matter of months? See the price of Bitcoin lately?If you’ve been in the market for a decent amount of time, you know the volatility. However, this particular market downturn had to do with whether congress was going to essentially ban crypto currency. You’ll find that any time something might be banned, it’s going to lose a lot of value. Thankfully the fed meeting went well, and the markets are recovering.
I could buy low now, but I wouldn't be looking at parking that money? I'd be looking for a spike where I could profit.
Investing in Crypto is more Gambling than smart investing.
Post by: Queefer Sutherland on January 30, 2022, 07:30:34 pm
BTW, what stable investment loses half it's worth in a matter of months? See the price of Bitcoin lately?
I could buy low now, but I wouldn't be looking at parking that money? I'd be looking for a spike where I could profit.
Investing in Crypto is more Gambling than smart investing.
They aren't investments, it's speculation. People want to get rich quick.
Post by: After 9 years of Trudeau Shady on February 04, 2022, 06:31:34 pm
Post by: BC_cheque on February 04, 2022, 08:19:50 pm
Post by: Queefer Sutherland on February 04, 2022, 08:27:33 pm
Post by: After 9 years of Trudeau Shady 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?
Post by: After 9 years of Trudeau Shady on February 06, 2022, 09:44:44 pm
[attachimg=1]
Post by: guest18 on February 07, 2022, 06:09:30 am
Post by: After 9 years of Trudeau Shady 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.
Post by: segnosaur 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
Post by: segnosaur 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.
Post by: After 9 years of Trudeau Shady 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.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! 😂🤣
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.
Post by: segnosaur on February 14, 2022, 09:35:19 am
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...
Post by: segnosaur on February 15, 2022, 11:24:21 am
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.
Post by: Boges 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.
Post by: guest18 on May 09, 2022, 07:31:37 am
Post by: Michael Hardner on May 09, 2022, 07:46:28 am
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.
Post by: guest18 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.And it's since dropped something like 80%?
(Attachment Link)
You should know by now I'm never wrong. 😆
Post by: Black Dog on May 11, 2022, 02:19:59 pm
And it's since dropped something like 80%?
You should know by now I'm never wrong. 😆
To the mooooon (https://www.coinbase.com/price/decentraland) lol!
Also remember the metaverse?
In the first quarter of the year, Reality Labs, the company’s metaverse and augmented reality (AR) platform, posted $3 billion in losses and is on track to post its highest losses ever this year. (https://coingeek.com/facebook-reality-labs-lost-3b-in-q1-but-zuckerberg-says-metaverse-is-the-future/)
Meta’s first store aims to lure consumers to the metaverse
(https://www.cnbc.com/2022/05/09/metas-first-store-aims-to-lure-consumers-to-the-metaverse.html)
Post by: wilber on May 11, 2022, 08:11:58 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.
(Attachment Link)
Bitcoin was $69K in November, now it is below $30K. Some hedge.
Post by: Squidward von Squidderson on May 11, 2022, 08:28:30 pm
Bitcoin was $69K in November, now it is below $30K. Some hedge.
Shady’s Mana crypto that he bought at $3.60 is now at 81 cents. LOL
Lost 27% in the last 24 hours.
Post by: guest18 on May 11, 2022, 08:49:27 pm
Post by: segnosaur on May 12, 2022, 12:36:17 am
Well, currently its at $1.45. So its at 43% of his supposed "high value" of $4.23. And 40% of his purchase price.QuoteCrypto 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.And it's since dropped something like 80%?
You should know by now I'm never wrong. 😆
So not quite an 80% drop, but he still would have lost more than half his money.
He said he bought it at $3.60 (which would indicate he bought it at the start of February). After a brief increase to > $4, by March 1 it had dropped back to his purchase price, and since then it has dropped further and further.
But I'm sure it will come back...
Post by: Michael Hardner on May 12, 2022, 04:55:30 am
But I'm sure it will come back...
Really?
Post by: guest18 on May 12, 2022, 09:04:10 am
And it's since dropped something like 80%?Actually it's down to $US.0.70.
You should know by now I'm never wrong. 😆
Well, currently its at $1.45.
But I'm sure it will come back...
Post by: Black Dog on May 12, 2022, 12:51:11 pm
Post by: Boges on May 12, 2022, 01:35:54 pm
Crypto is the future.
https://www.msn.com/en-us/money/markets/crypto-billionaires-vast-fortunes-are-destroyed-in-weeks/ar-AAXaijp?li=BBnbfcL
Post by: Boges on May 12, 2022, 01:53:03 pm
Bitcoin was $69K in November, now it is below $30K. Some hedge.
Long term investment bro! You just don't get it. LOL
I'm sure Crypto has made people a lot of money, but only those that got in Early, the rest are Daytraders hoping to scam people in this Ponzi Scheme.
Post by: Squidward von Squidderson on May 12, 2022, 02:32:00 pm
Long term investment bro! You just don't get it. LOL
I'm sure Crypto has made people a lot of money, but only those that got in Early, the rest are Daytraders hoping to scam people in this Ponzi Scheme.
It’s also a great way for criminals to launder money, even if they lose a bunch, it still makes their criminal proceeds completely clean.
Hostile foreign actors like it as well to pay for nefarious schemes in other countries. It’s untraceable.
Post by: Black Dog on May 12, 2022, 02:35:03 pm
You guys just don't get it.
Crypto is the future.
https://www.msn.com/en-us/money/markets/crypto-billionaires-vast-fortunes-are-destroyed-in-weeks/ar-AAXaijp?li=BBnbfcL
(https://c.tenor.com/_gtGXDepoVcAAAAC/more-star-wars.gif)
Post by: segnosaur on May 12, 2022, 06:04:33 pm
Re: The crypto currency shady bragged about that fell in value...Errr... not really.QuoteBut I'm sure it will come back...Really?
Actually it wouldn't surprise me if it saw a temporary, almost random "spike", but it would likely be another short-lived increase before it fell back again. That's the nature of investments that don't really have any solid backing.
(The huge $4.23 that was bragged about wasn't even its highest price... it was actually a decrease from the higher price in previous months.)
Post by: Queefer Sutherland on May 12, 2022, 07:16:39 pm
Post by: guest18 on May 12, 2022, 08:04:21 pm
Post by: Squidward von Squidderson on May 12, 2022, 09:06:14 pm
I'd buy some crypto right now. Then wait a year and sell when high.
What’s stopping you? Mom needs to approve what you spend your allowance on?
Post by: guest18 on May 12, 2022, 09:11:27 pm
Post by: Queefer Sutherland on May 12, 2022, 09:28:43 pm
What’s stopping you? Mom needs to approve what you spend your allowance on?
Why u such a cranky old man? Do you yell at clouds in your spare time?
Post by: Boges on May 16, 2022, 09:06:11 am
But I won't treat it a safe place to store money. I would look to sell when it goes up again. Which means it's just Gambling.
Crypto is NOT a safe place to keep money.
Post by: Black Dog on June 13, 2022, 10:08:17 am
Quote
Cryptocurrencies kicked off a new week with deep losses, extending weekend selling following surprisingly high U.S. inflation data and troubles for a major cryptocurrency exchange.
Bitcoin BTCUSD, -17.19% has slumped around 14% over the past 24 hours, last trading at levels not seen since late 2020 of around $23,517 with a low in that period of $23,822. Those represent levels not seen since late 2020. Bitcoin is down more than 60% from its November 2021 high.
Ethereum ETHUSD, -19.48% fell more than 16% to around $1,235, hovering at a early 2021 low, after touching $1,180. Meme coin Dogecoin DOGEUSD, -19.39% lost 17%.
Post by: Boges on June 13, 2022, 10:43:44 am
lol (https://www.marketwatch.com/story/bitcoin-tumbles-through-24-000-in-crypto-crash-this-chart-shows-how-much-worse-a-selloff-could-get-11655124356)
Buy the Dip!!! is what anyone who's running a Ponzi Scheme would say.
It seems this has ran Shady off. He's not posting on the other site either. Too depressed?
Post by: guest18 on June 13, 2022, 12:15:56 pm
Post by: waldo on June 13, 2022, 05:48:27 pm
If you bought a dollar of Bitcoin on the day Pierre Poliviere recommended it as a way to "opt out" of inflation, it would be worth 55 cents today
Poilievre's 'inflation hedge'!
(https://i.imgur.com/OSGRsrS.jpg)
Post by: waldo on June 20, 2022, 10:47:11 am
Post by: Squidward von Squidderson on June 20, 2022, 11:00:12 am
Post by: waldo on June 21, 2022, 04:13:29 pm
Post by: Black Dog on October 28, 2022, 03:08:22 pm
Meta shares fall to lowest level since 2016 as Big Tech wipeout continues (https://www.cbc.ca/news/business/meta-facebook-zuckerberg-troubles-1.6631198)
Quote
Shares in the company formerly known as Facebook lost more than 20 per cent of their value on Thursday morning, after the social media company posted quarterly results that showed its core business is slowing even as it's spending billions of dollars trying to become a leader in the metaverse.
...
It was roughly this time a year ago that the company, then known as Facebook Inc. rebranded itself as Meta to showcase its belief that its future lies in the metaverse, a virtual, mixed and augmented reality universe that exists entirely online.
A year later, the company has spent billions of dollars on the metaverse experiment with very little of substance to show for it.
The company's metaverse-focused unit, called Reality Labs, took in $285 million in revenue during the quarter. But it posted an operating loss of $3.87 billion. It expects that number to get even bigger next year.
Investors are concerned Meta is spending too much money and confusing people with its focus on the metaverse, a concept users don't yet understand or seem to want — at a time when its other cash cows are starting to dry up.
Post by: Boges on November 09, 2022, 09:22:45 am
https://www.cnn.com/2022/11/09/tech/meta-facebook-layoffs/index.html
Quote
Meanwhile, Meta has been spending billions to build a future version of the internet, dubbed the metaverse, that likely remains years away from widespread acceptance.
Post by: Black Dog on November 09, 2022, 04:40:16 pm
Quote
This week’s crash brings a sudden reversal after weeks of relative stability for bitcoin and ethereum prices. Both tokens are now down more than 20% over the last week, driven by fresh investor skepticism and souring sentiment on the heels of Binance’s announcement that it would buy out rival FTX, after concerns over FTX’s liquidity were raised. (Spoiler alert: Binance decided not to acquire FTX after all.)
In light of all the news, bitcoin’s price continued to plummet, falling below $16,000 for the first time in two years late Wednesday afternoon. Ethereum is seeing a similar downturn, falling below $1,200 for the first time since crypto’s crash over the summer. The token continues to tank, getting dangerously close to falling below $1,100, as of Wednesday afternoon.
link (https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-ethereum-prices-binance-ftx-takeover/)
Post by: Michael Hardner on November 12, 2022, 05:32:01 am
Post by: guest18 on November 12, 2022, 10:40:25 am
https://www.theonion.com/man-who-lost-everything-in-crypto-just-wishes-several-t-1848764551
Post by: waldo on November 12, 2022, 12:16:39 pm
Another great day for crypto!
link (https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-ethereum-prices-binance-ftx-takeover/)
last month, of Conservative Party fame, Kevin O’Leary said "if there's ever a place I could be that I'm not gonna get in trouble, it's gonna be at FTX. (https://video.twimg.com/ext_tw_video/1591166729790570496/pu/vid/1280x720/2Giv1dUZHvmAvbgw.mp4?tag=14)"
Post by: waldo on November 12, 2022, 12:21:50 pm
Quote
The bursting of the cryptocurrency bubble will end the way other speculative crazes have concluded: in a trail of wreckage across companies, continents — and unlucky investors. Crypto has had a horrible year. We saw the terra “stablecoin” wipeout in May, the unraveling of the FTX trading exchange this week and the shriveling of trading in non-fungible tokens all year long.
Small-time investors already have fled, their grubstakes or life savings decimated. Well-heeled venture capitalists, badly burned by each successive bust-up, will wash their hands and move on to the next shiny object. The side-hustling crypto-ambassadors (insert any big name from professional sports here, please) will slip back backstage. And regulators, as is their wont, will finally issue their overdue rules, long after the damage is done.
There’s a critical difference with crypto, though, compared with past bubbles: It had virtually no intrinsic merit.
Post by: waldo on November 12, 2022, 12:34:19 pm
(https://pbs.twimg.com/media/FVzT3zBXoAEQEes?format=jpg&name=900x900)
Post by: waldo on November 12, 2022, 01:05:47 pm
(https://images.thestar.com/E-WtpQo4IHI0kAVeqBnhPZ5fE8k=/1086x726/smart/filters:cb(1665686010235):format(webp)/https://www.thespec.com/content/dam/thespec/opinion/contributors/2022/10/13/stay-vigilant-against-authoritarianism/ajw126_2022021620_cpt637806204838927566_bak.jpg)
Quote from: CPC leader Pierre Poilievre
People can make their own investment decisions. I’ve simply said they should be free to decide whether or not they want to use bitcoin
Post by: Squidward von Squidderson on November 13, 2022, 11:45:05 am
Quote
About a year ago, one FTT token was worth about $80 US. On Monday morning, each one was worth about $22. By Friday morning, they were changing hands for less than $3.https://www.cbc.ca/amp/1.6648872
That's a major red flag, said Charley Cooper, a former chief operating officer with the U.S. Commodity Futures Trading Commission, because it means the company is "valuing itself based on something that they invented."
Post by: kimmy on November 13, 2022, 01:00:03 pm
-k
Post by: segnosaur on November 14, 2022, 11:13:11 pm
Remember shady claimed back on page 8 how he bought Mana for $3.60 and it went up to $4.23?
Well, that particular crytocurrency is now at $0.59. So he has lost ~80% of his original investment.
Post by: Michael Hardner on November 15, 2022, 10:16:54 am
"Warren Buffet and Charlie Munger on crypto in 2018. Absolutely nailed it."
https://twitter.com/Stephen_Geiger/status/1591502421129416706
Post by: Boges on November 18, 2022, 11:12:07 am
https://www.bnnbloomberg.ca/ontario-teachers-writes-off-ftx-stake-citing-potential-fraud-1.1848170
Quote
Ontario Teachers’ Pension Plan said it will write down its stake in FTX to zero, taking a US$95 million loss barely a year after making its first investment in Sam Bankman-Fried’s now-bankrupt cryptocurrency exchange.
Sign up to get breaking news email alerts sent directly to your inbox
Teachers said the writedown will have only a “limited impact” because it’s less than 0.05 per cent of the $242.5 billion (US$182 billion) pension fund. “However, we are disappointed with the outcome of this investment, take all losses seriously and will use this experience to further strengthen our approach,” the fund said in a statement Thursday.
Post by: Squidward von Squidderson on November 18, 2022, 01:48:01 pm
Remember when these clowns owned the Leafs?
https://www.bnnbloomberg.ca/ontario-teachers-writes-off-ftx-stake-citing-potential-fraud-1.1848170
Yikes. Any financial expert who thought crypto was a good long term investment should be sent packing.
Post by: wilber on November 19, 2022, 11:33:11 am
Remember when these clowns owned the Leafs?
https://www.bnnbloomberg.ca/ontario-teachers-writes-off-ftx-stake-citing-potential-fraud-1.1848170
Those clowns are the largest non government pension plan in the country and third largest overall. 95 million isn't even pocket change.
Post by: After 9 years of Trudeau Shady on December 06, 2023, 09:27:02 pm
In a pitch to cryptocurrency investors, Poilievre says he wants Canada to be 'blockchain capital of the world' (https://www.cbc.ca/news/politics/poilievre-bitcoin-policy-1.6399986) --- Conservative leadership candidate says government is 'ruining' the dollar, backs bitcoinAs long as you didn’t panic, 2023 was a very good year.
(https://pbs.twimg.com/media/FVzT3zBXoAEQEes?format=jpg&name=900x900)
[attachimg=1]
Post by: After 9 years of Trudeau Shady on February 21, 2024, 12:21:07 pm
Post by: Michael Hardner on February 21, 2024, 12:24:35 pm
Because I'm not convinced.
Post by: Queefer Sutherland on February 21, 2024, 02:08:05 pm
Is this ping pong action of Bitcoin supposed to convince us that Poilievre was right ?
Because I'm not convinced.
Bitcoin has almost tripled in price over the last year. I thought PP was laughably wrong at the time, but...
I don't think it was wise advice. He got lucky. The investment is extremely high risk.
Post by: Michael Hardner on February 21, 2024, 03:07:09 pm
Bitcoin has almost tripled in price over the last year. I thought PP was laughably wrong at the time, but...
I don't think it was wise advice. He got lucky. The investment is extremely high risk.
I don't think that Canadian's pensions should be bet on "Lady Luck" to win in the 9th.
Post by: After 9 years of Trudeau Shady on February 21, 2024, 03:33:17 pm
Bitcoin has almost tripled in price over the last year. I thought PP was laughably wrong at the time, but...I mostly agree in that Bitcoin investments are risky, and crypto is still really volatile. It’s best as a long term investment. Put in a little money and leave it alone for several years.
I don't think it was wise advice. He got lucky. The investment is extremely high risk.
Post by: After 9 years of Trudeau Shady on February 21, 2024, 03:34:13 pm
I don't think that Canadian's pensions should be bet on "Lady Luck" to win in the 9th.I don’t think anyone has suggested that Canadian pensions be bet on Lady Luck.
Post by: Queefer Sutherland on February 21, 2024, 04:49:16 pm
I mostly agree in that Bitcoin investments are risky, and crypto is still really volatile. It’s best as a long term investment. Put in a little money and leave it alone for several years.
I disagree, I think it's more of a speculative investment for short/ medium term buy and sell
Post by: After 9 years of Trudeau Shady on February 21, 2024, 05:41:19 pm
I disagree, I think it's more of a speculative investment for short/ medium term buy and sellYou can certainly make money that way, but the volatility makes it challenging.
Post by: Michael Hardner on February 21, 2024, 09:53:38 pm
I don’t think anyone has suggested that Canadian pensions be bet on Lady Luck.
Ok... you got a hot tip?
Post by: Queefer Sutherland on February 21, 2024, 10:18:06 pm
You can certainly make money that way, but the volatility makes it challenging.
You're just playing at a casino.
Post by: After 9 years of Trudeau Shady on February 22, 2024, 04:20:49 pm
Ok... you got a hot tip?Not really. Bitcoin and Ethereum are both currencies gaining mainstream acceptance.
Post by: After 9 years of Trudeau Shady on March 12, 2024, 02:37:03 pm
In a pitch to cryptocurrency investors, Poilievre says he wants Canada to be 'blockchain capital of the world' (https://www.cbc.ca/news/politics/poilievre-bitcoin-policy-1.6399986) --- Conservative leadership candidate says government is 'ruining' the dollar, backs bitcoinHey waldo, you ignored my post when Bitcoin went to $59,000 CAD, now it's $96,000. Care to respond! LOOOOOOL!
(https://pbs.twimg.com/media/FVzT3zBXoAEQEes?format=jpg&name=900x900)
Post by: Bubbermiley on March 12, 2024, 02:49:03 pm
Post by: After 9 years of Trudeau Shady on March 12, 2024, 02:53:30 pm
Yes, it's value is in your ability to find someone who will pay more for it than you did...and that's it. Think about that for a while.Sit down old man. You obviously know nothing about blockchain technology. Sit this one out.
Post by: Black Dog on March 12, 2024, 03:17:03 pm
Not really. Bitcoin and Ethereum are both currencies gaining mainstream acceptance.
Retarded to call them currencies when you can't actually buy anything with them.
Post by: After 9 years of Trudeau Shady on March 12, 2024, 03:30:06 pm
Retarded to call them currencies when you can't actually buy anything with them.Incorrect, you absolutely can buy things with bitcoin.
23 online stores that accept Bitcoin
https://www.bolt.com/thinkshop/online-stores-that-accept-bitcoin
These include, Overstock, Microsoft, Sling TV, Express VPN, Paypal, AT&T, and AMC Theatres.
Post by: Bubbermiley on March 12, 2024, 03:32:50 pm
Sit down old man. You obviously know nothing about blockchain technology. Sit this one out.I strongly encourage you to continue to place every spare penny, however few, you have into cryptocurrency.
Post by: After 9 years of Trudeau Shady on March 12, 2024, 03:51:59 pm
I strongly encourage you to continue to place every spare penny, however few, you have into cryptocurrency.I don't place every spare penny into anything, let alone crypto. A little here and a little there.
Post by: waldo on March 12, 2024, 04:20:07 pm
Hey waldo, you ignored my post when Bitcoin went to $59,000 CAD, now it's $96,000. Care to respond! LOOOOOOL!
what's the current rise attributed to? Oh wait, I had a momentary lapse in thinking you can actually do attributions! Carry on!
Quote from: Jan, 2024 - head of the Securities and Exchange Commission (SEC), Gary Gensler
Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing.
While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.
hey Shady, why did PoiLIEvre so dramatically distance himself from 'crypto'? But now, hey! How long before we see PeePee back in that swarma shop... how long before he puts the Bank of Canada on notice again?
https://www.youtube.com/watch?v=VWeJEdudCjE&t=26s
Post by: Queefer Sutherland on March 12, 2024, 05:01:17 pm
98% of people who own crypto sit on it and don't use it. How do you use a currency for commerce whose price swings so wildly?