Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    I can't tell you how much I enjoy this post.
     
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  2. user15000

    user15000 Well-Known Member

    Cool. Also cryptowhale is a scam artist and the equivalent of posting Alex Jones level garbage. Do better
     
  3. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    No
     
  4. GGCD

    GGCD The most wasted of days is one without CUM
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    I've gotten absolutely slaughtered the last couple weeks, but was wondering how you were holding up.

    I know you had a big chunk of your net worth in luna not too long ago.
     
  5. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    I’m good, in my circles it was widely understood it would eventually blow up - I shared as much on here. I came out relatively unscathed, lost ~$50k in locked LPs/farms in Terra alts, but those were mostly airdrops.
     
    GGCD likes this.
  6. Yanks711

    Yanks711 TMB's Hoosier
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    So I'm seeing Luna is up 27000% to $1.20ish. That's a crazy bounce back in a couple of days
     
  7. Baseballman86

    Baseballman86 Well-Known Member
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    I'm seeing it at $0.00048
     
  8. Yanks711

    Yanks711 TMB's Hoosier
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    I think something weird is going on with it on Coinbase.
     
  9. Fran Tarkenton

    Fran Tarkenton Well-Known Member
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    I could not fathom still banking at Coinbase given how they have said you will be treated
     
  10. user15000

    user15000 Well-Known Member

    How’s that? The bankruptcy thing this week was a ridiculously overblown story.
     
  11. Fran Tarkenton

    Fran Tarkenton Well-Known Member
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    Wake Forest Demon Deacons

    I like holding my money in federally insured institutions, but Im also not of the wanton and reckless persuasion to spend money on scams...so perhaps its sensical that the same type of person who buys crypto is also likely to keep said asset in an unsecured place.
     
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  12. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    I think most people who’ve been in the space for a decent amount of time understand the risks of keeping their assets on exchanges. Google the phrase “not your keys, not your coins”.
     
    Penguin The Duck likes this.
  13. user15000

    user15000 Well-Known Member

    Lol. If you just wanted to show up and take uneducated potshots, just say so. First, they do insure funds with FDIC, so I’ll try to be nice and say you’re uninformed. Cash is insured up to $250k…does that sound familiar? They also carry theft insurance. Second, I don’t keep anything on exchanges. Third, they offer self-custody wallets.

    My money would be less secure in a bank…
     
  14. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Reminds me of the time I mentioned hardware wallets and the non crypto bro tried to accuse me of tax fraud. Fucking clueless and only reading the headlines
     
    user15000 likes this.
  15. Yanks711

    Yanks711 TMB's Hoosier
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    I popped $200 in it last fall just to dabble in it and forgot about it really, just use the app to keep an eye on the market out of curiosity. I don't know shit about crypto for the most part.
     
  16. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    If an AI copywriter was to respond to the last page

    Nocoiners showing up to the coiner thread like whyyy
     
    user15000 likes this.
  17. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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  18. jbr

    jbr Well-Known Member
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  19. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    They try to give context/explain the crypto native jargon, use good analogies, I think it’s fairly easy to follow.
     
    jbr likes this.
  20. user15000

    user15000 Well-Known Member

    Lyn Alden has a recent article on it as well.

     
  21. construxboy

    construxboy xenForo is the new TMB
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    Lyn's great.
     
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  22. user15000

    user15000 Well-Known Member

  23. Gallant Knight

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    oopsies
     
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  24. Gallant Knight

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    i mean tbf that 1 million is still worth $135 so he hasn't lost it all
     
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  25. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Uhhhh he sold it same day
     
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  26. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    But yes LUNA down atrocious and would only have gotten worse if they left UST redemptions live
     
    Gallant Knight likes this.
  27. dblplay1212

    dblplay1212 Well-Known Member
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    Less than $1 to $116 to $.0001 all in 14 months. I need a Netflix documentary.


    Screenshot_20220517-170307_Coinbase.jpg
     
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  28. —

    Well-Known Member
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    Did he profit?
     
  29. Gallant Knight

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    he profited in knowledge which is more important than money
     
  30. Kevintensity

    Kevintensity Poster/Posting Game Coordinator
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    Long scale pump and dump
     
  31. Handcuffed

    Handcuffed TMB OG
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  32. user15000

    user15000 Well-Known Member

    Sounds like a permit problem.

    But wait til you find out how much energy people use on Christmas lights!! And video games! Talk about things not getting enough attention.
     
  33. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Long thread that shows how easy it is for anyone, in this instance it's Seth Green, to sign a MetaMask transaction without really knowing what they are interacting with. Easy to spoof a website, spin up a smart contract and change the coding around to "steal" someone's crypto.

    Something very similar happened last night in the NFT thread. Spoof Twitter account with 100k followers sending a fake link for a free mint and hundreds of other scam accounts with Bored Ape pfps start tagging and spamming the thread. People not doing their research and FOMO'ing in for a quick buck end up giving away access to their wallets. At least do this degen stuff on a dummy wallet and not the one holding all your coins, my fellow coin bros. Or demand better UX and also use a dummy wallet.

     
    Oranjello likes this.
  34. user15000

    user15000 Well-Known Member

    For the "crypto is purely for bros to gamble" crowd

    [​IMG]

     
  35. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Curious to see how this gets digested on TMB

     
  36. Redav

    Redav One big ocean
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    Won't pass the house so I don't think it matters
     
  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    I love stories that don't even link to the bill or include basically any detail
     
  38. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I'm for it based on that title.
     
  39. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    Proposed by tubs in the senate and no cosponsors?

    Very dumb and bad
     
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  40. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    They linked a Fox News article.... you missed a layup
     
  41. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Let me dumb it down even more

     
  42. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    Yes that article doesn't even link the bill
     
  43. Whammy

    Whammy Look kids, Parliament!
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    That would be awesome - please do this
     
  44. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  45. TAXTAXTAX

    TAXTAXTAX Well-Known Member
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    I think it's dumb to hold crypto inside a retirement account. You're converting capital gains income to ordinary income. I'm not a fan of retirement accounts in general, though. I think it's worth it to pay the tax earlier in exchange for the liquidity.
     
    construxboy and Penguin The Duck like this.
  46. user15000

    user15000 Well-Known Member

    It’s great when you follow and post Alex Jones equivalent stuff like this. Maybe Google a glassnode article on this exact topic before posting this clickbait garbage. Because pretending to be all-knowledgeable while posting dogshit resources is a bad look. Exchange wallets with millions of users =\ 1 btc holding entity.

    Maybe you’ll find some energy articles next. This one about using all the world’s energy by 2020 stands a good chance of landing in your algorithm: https://www.google.com/amp/s/www.newsweek.com/bitcoin-mining-track-consume-worlds-energy-2020-744036?amp=1
     
    #20297 user15000, May 20, 2022 at 11:17 PM
    Last edited: May 20, 2022 at 11:32 PM
  47. JonathanCoachman

    JonathanCoachman The Coach
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    The GOP wants to protect the 5 or 6 people who have combined their crypto interests and are actually in a realistic position to retire. But any sort of protection for any citizen beyond those parameters is just asking far too much. They are the chosen 5 or 6!
     
  48. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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  49. jbr

    jbr Well-Known Member
    Donor TMB OG

    I listened this morning and my takeaway is Luna/UST was essentially a Ponzi scheme: continuing to recruit new money to top off the solvency pool in order to pay off previous investors until it fell off a cliff. The allure of free money makes people do dumb shit.
     
    Chumbolone and dblplay1212 like this.