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

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

  1. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Cope harder.
     
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  2. bro

    bro Hey Hermano
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    I get that you need validation for your life because of what you were given chum, but maybe don't burden the board with it :twocents:
     
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  3. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Again, money and being right is enough for me. You’ll get there one day, bubba.
     
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  4. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    These idiots are making shit points and you're replying and getting upset by them.

    Just like you are when I posted something that was actually truthful in the past and today. Continue to play out their narrative.
     
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  5. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    This is the stuff I find really weird and indicative of the things that show up on YOUR TL or things you're going out of the way to search for. Or the same group (look at your like) that is constantly negative and hateful of crypto.

    You can replace crypto with any word to complete that sentence. It still doesn't make sense.
     
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  6. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    I’m not upset, do not put on TMB that I was upset!
     
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  7. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Idk let me insert a laughing face emoji and tell everyone you're upset for this post

    .... :roll:
     
  8. Fran Tarkenton

    Fran Tarkenton 6ft in Boots
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    I think generally people are negative towards aggrieved white millennial males like yourself bc you were a willing participant in a known scam that has inflicted pain on our markets and on unwitting bystanders that assumed there was no scam due to popularity
     
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  9. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Sing that song at academia lol
     
  10. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    You're making shit up again and being overly redundant in the process

    I'm not a VC. It seems like you're upset with VCs.
     
  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    if you pay attention to political history for ten minutes you can connect the dots fran is but....i don't think most our crypto boys do that
     
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  12. Whammy

    Whammy Look kids, Parliament!
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    MKR has been a terrible performing coin despite the burns / buybacks
     
  13. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Compared to what lol?

    Name the tokens that 1) holders participate directly in the economics of the protocol TODAY, 2) activity/usage is not driven by valueless rewards tokens, and 3) whose fully diluted market cap is reasonable?

    They’ve been doing $100MM+ in fees and if/when the ETH ecosystem rebounds/next bull run I’d expect that number to grow exponentially. It’s similar to a royalty valuation as they incur no costs aside from maintaining a buffer to support DAI’s peg. If one were to apply high growth SAAS valuations something like 40-50x royalty revenue (reasonable by Tradfi standards) they’d have a $5-6b valuation, and it’s trading at more than a 75% discount currently.

    If one’s thesis is crypto is dead, all a scam, etc., I won’t argue with that, but the idea that there are better risk/reward tokens out there - I’d love to know what they are aside from BTC/ETH.
     
    #20614 Chumbolone, Jun 15, 2022
    Last edited: Jun 15, 2022
  14. Fran Tarkenton

    Fran Tarkenton 6ft in Boots
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    we having been battling cycles of toxic masculinity for ages; at least since industrial revolution or enlightenment.

    information age is just accelerating how often these crop up. And also more damaging because of how much bad information white boys consume.
     
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  15. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    I've admitted to being politically agnostic so please explain.

    I think I get where you're going with this, but I'm being sincere in trying to understand what you mean here.

    The ETH crowd doesn't really get into politics and is more about decentralization and transparency. I can see why people would stereotype that as libertarian.

    There's a lot of stereotyping still happening where crypto bros = anyone who invested in crypto. BTC maxis, DeFi, altcoins, and NFTs are nowhere the same or equal.
     
  16. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    I am not smoking the same shit fran is but I kinda wish I was. GMO Cookies makes me post a different way. This dude is day drunk. Sir, it's Wednesday.
     
  17. soulfly

    soulfly Well-Known Member
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    :meh:
     
  18. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    This is SUPER helpful

    I fail to understand how my political beliefs and NFTs or metaverse projects I invest in are correlated
     
  19. Whammy

    Whammy Look kids, Parliament!
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    [/QUOTE]
    If you’re talking about a token that actually has fundamentals and will make it to next cycle I’d agree with you.

    But Curve, Convex and Spell all have high governance participation and share fees with holders of their governance token whether that be from lending or swap fees. FXS accrues segionarage fees from Frax and FPIS (inflation-indexed Dollar) minting. They’re also adding lending and swapping as well.

    LOOKS shares ETH fees generated from NFT marketplace with users who hold the Looks tokens.

    There are others. I was actually unaware that holders of MKR collect fees - is that true?

    MKR, Curve, and Frax will def be around next cycle IMO
     
  20. Whammy

    Whammy Look kids, Parliament!
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    This is such a bad take. Bad information that white boys consume, cmon man
     
  21. westcoastbias

    westcoastbias Well-Known Member
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    What kind of bro am I if I buy BTC to load up my Bovada account and cover my loses with BTC gains? Well... I'm really down right now but there's some parlays on the horizon.
     
  22. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    My AI bot refers to us at the COIN BOYS and you're welcome to buy our polo and join the gang no matter how down bad you are
     
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  23. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    if you can't understand that crypto at large caters to the same culture that Ron Paul/Mises/Rothbard did I don't really know what to tell you. just google crypto libertarian and read one of the hundreds of articles connecting the dots.

    then google libertarian to fascism pipeline.

    if you want to argue coin x doesn't fit i don't really care when literally everyone in the space who isn't just a speculator parrots the same ideological rhetoric about money printing, decentralization, on and on.
     
  24. Whammy

    Whammy Look kids, Parliament!
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    I think you read an article in the Atlantic (or comparable) that overly generalized and it’s poisoned you tbh. Some of the OG bitcoiners might be that way but that’s as far as I’d take it
     
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  25. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i understand you're dim, but if you knew libertarian ideology prior to learning about crypto you'd be able to clearly connect the dots instead of this odd defensiveness you continually have

    speculators don't fit obviously as i've said in the past, but if you think the thesis behind crypto is good or something to strive for you're just a libertarian. it's fine and I don't understand why people get so mad about it.
     
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  26. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    the fascism comes later, when they get burned by the very obvious flaws in libertarian ideology biting them but think the problem is you just need to force people into being libertarian.
     
  27. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    This is exactly what I don’t understand

    you’re not being specific and rambling

    do you have a blue check twitter account to reference for accuracy?
     
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  28. westcoastbias

    westcoastbias Well-Known Member
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    I appreciate the inclusiveness. Can I get a visor instead?
     
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  29. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i've argued for PAGES about this with gator over the years many times. you're welcome to go search it up.

    but if you really want to get into write out why you like crypto and what benefits does it provide
     
  30. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    the "blue check" and "i bet you read an article in the Atlantic" is the type of rhetoric that makes people think you're all weird chuds btw

    since it's what anti-empiricism/intellectualism right wingers do all the time
     
  31. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    You wanting me to search your prior debate with some random poster about your opinion is equally as weird
     
  32. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    write up why you like crypto and what benefits it has, what problems it addresses
     
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  33. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    You keep opening random doors. Why? I’m not going to change your stance nor do I care. You’re deflecting a question I asked you with nonsense.
     
  34. Whammy

    Whammy Look kids, Parliament!
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    Ok
     
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  35. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    ok so my assumption you weren't being genuine in wanting to know was correct
     
  36. Redav

    Redav One big ocean
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    State what you like about crypto and you can prob easily connect the dots to libertarianism if it's not just speculation for you
     
  37. Whammy

    Whammy Look kids, Parliament!
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    Lyrtch the blue check / Atlantic comments are directly related to the phenomenon of the last 20 years where dim journalists interview the most bombastic representations of a movement / trend with goal of writing the most bombastic, dim take.

    There are some good ones, but for the most part journalism isn’t sending their best - wealthy, leisure class twenty something’s with very little experience who are good at Twitter.

    Most of the takes you read from any mainstream publication are hilariously wrong on the facts / in service of a narrative.

    Hope that helps - it’s not anti-empiricism or intellectualism it’s that journalists pose as experts and make asses out of themselves for clicks.

    Sad really, but Facebook / Google changed the game. You need to come to terms with that

    Edited
     
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  38. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Dear God

    I've also said PAGES ago that NFTs and the blockchain solve an authentication and payment integration problem. You agreed that the latter wasn't ready to be implemented, and may never be. Which I agree.
     
  39. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    thank you for just agreeing with my read on you and crypto
     
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  40. Whammy

    Whammy Look kids, Parliament!
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    Any time - dodge the point as is your tactics these days
     
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  41. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    again, you want to have a meta argument which is fine but pointless.

    I also never understand the blue check barb since so many of the crypto space in fact has blue checks. never made sense.
     
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  42. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    thank you all for agreeing my pfp is the most proven on the blockchain on TMB

    wow
     
  43. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    lets reset

    Whammy same question I gave PTD, what problems do you think crypto addresses in our economic and political systems, what are the benefits? why do you like it?
     
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  44. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Why do they have to address an economic or political issue? Why can't it be a future way of interacting with an eCommerce platform and nothing more? LIke video games. Sporting events.

    You're trying to get me to google shit so look up the Olympics and tickets.
     
  45. Whammy

    Whammy Look kids, Parliament!
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    As an anon on a sports message, literally all of our arguments are pointless. You said “blue check,” and “Atlantic,” were evidence of anti-intellectualism or anti-empiricism.

    I pushed back and basically said it’s the opposite (many journalists can barely do basic math) and now you don’t want to participate. That’s fine, but call a spade a spade
     
  46. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    yes the bold is just true, you seem to think this is novel to crypto but it's been the mantra of right wing spaces for decades
     
  47. user15000

    user15000 Well-Known Member

    Jeez lots of action today. Btc is a mirror for some real stupid takes. It’s open source software that is completely voluntary.

    Gallant Knight saying no profits until you sell is dumb. Tell that to the rich property owners who sit on Manhattan real estate and literally never sell. Or who have millions in stock. Or or or. Truly a dumb take.

    Lyrtch using btc to project his political libertarian and fascism takes is great. Millions of people in hundred+ Countries own btc. The stereotyping is hilariously stupid. Btc owners don’t fit into your neat buckets. Get over it.

    Everyone in the scam/Ponzi group is too dumb to help.
     
  48. Roy

    Roy Well-Known Member
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    Answer the fucking question
     
  49. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    It's weird how you can turn this around with one word

    what problems do you think gambling addresses in our economic and political systems, what are the benefits? why do you like it?

    especially if you implement don't invest what you're not afraid to lose and nothing more