If my identity is stolen and my accounts drained and CC run up with false charges..... The Banks protect me and I get it all back. Lmbo
We all get this. I’ve said multiple times crypto is closer to gambling. And to not invest what you aren’t willing to lose. What’s your point?
I can't help but laugh at you at this point. You absolutely refuse to have any negative take on anything crypto/nft. You flat out lie, blame my bank who couldn't give a fuck about what happens after the money leaves my account, and now you're in spin mode to justify that lie. You're just a liar. That's documented multiple times.
I enjoy venting about crypto here bc I would obviously lose a lot of my friends IRL If I spoke to them honestly about how I feel regarding crypto. Making new, decent friends in your 30’s is difficult and annoying. I would say that this space no longer is a safe space for crypto friends to discuss their crypto endeavors. This has become a place for people to express their concerns and distrust and outright dislike for it. There are a lot of threads like that on here about various other things. You do what you want, but if you want to have discussions about crypto where people don’t shit on you, you should probably go to a board where everyone— besides like other 3 posters— doesn’t shit on crypto.
Lol I get the first part. I don’t like talking about this in person either. what do your IRL friends say about the space?
You should look back through who always brings up these trolls almost weekly, days after the conversation ended. Hint: It's you
I posted BAYCs response a few hours after it was posted. It was just days later after you last chose to respond to that topic. Similarly to me copy/pasting the definition of the blockchain and you continuing to want to do… this. Who cares
I think we all finally agree: the blockchain is a solution looking for a problem, crypto has next to no utility, and it’s all a scam/gambling. Yes, I’m mad I didn’t directly make any money off any of it.
Secure is a misnomer. Immutable is the correct term. This is where people get in trouble. If my bank account is cleared out I am covered. If a crypto account is cleared out there is an immutable record of this but no recourse or repayment. Also my bank and credit cards have safeguards in place so this does not happen. Arguing that blockchain is more secure is a fools errand. The only thing “secure” is the transaction record.
Awful lot of whiny shitposting in here recently. If you want fdic-adjacent protection, hold with a company that offers that protection. But like the entire point is that this is a bearer asset. If I give you my gold or cash, it’s gone. I don’t get to do that with the ability to send it to anyone around the world without permission, and then get to complain that there is no middleman to protect me. Duh. Self-custody is easy. If you can’t figure that out, it’s on you. Multisig for any substantial amount and keep anything small you want to spend on a hot wallet. These are basic “crypto 101” issues and y’all act like they haven’t been solved for years. 99.99% of everything non-btc is a scam that will trend to zero on a long enough time horizon. Btc isn’t going anywhere. The environment talking points are silly. As is the screeching about no use case. If you own the sp500, congrats!! you contribute more to negatively impact the environment than btc. Look it up. And also stop playing video games, using Xmas lights, and drying your clothes, all of which outweigh btc’s energy usage. If you don’t understand that people in countless countries are using btc, then maybe unbury your head from the sand and read a little. This is a $10T+ asset class with or without every single person on this board. The only question is when some of you will put in the time to figure out why.
“…he’d sent the 1.9 ETH back to the other person in the hopes that they might reverse their transaction as well. So far, no luck.” We are having fun here!
The “Bitcoin/Crypto is here to stay” believers make me chuckle because the entirety of their enthusiasm stems from getting rid of their useless Crypto in exchange for US Dollars. There is no possibility of the concept ever moving beyond speculative gambling based on how it compares to the valuation of the currency it is supposed to be “disrupting”.
Some posts are so low level that they aren’t worth responding to. If they don’t get it, I don’t have time to convince them. Converting dollars to a hard capped asset with the attributes of btc is the least speculative and least gambling thing I do with my money. Glad Tesla sold so that they could be earnings positive this quarter (which is lol). The market moving with whatever dumb thing Elon had to say was dumb enough. Btc will keep operating just fine with or without him.
Thinking about how long it took Tesla to transfer its digital assets to cash is what really makes me chuckle tbh A publicly traded company moving cash around their balance sheet to beat their previous quarter numbers to appease their stakeholders never ever happens.
The entire fucking purpose of Bitcoin was to replace currencies that were controlled by centralized governments. Now it is essentially a publicly traded stock except there is no company that creates useful things behind it. There’s no practical, non-nefarious benefits for its continued existence.
How is btc a publicly traded stock? On the no non-nefarious benefits part, you're hilariously wrong, but I'll attribute that to ignorance. I suppose you could start here: https://www.lynalden.com/what-is-money/ Whole article is worth reading, but i'll save you some time and spoiler a tiny excerpt on use cases. Spoiler As the Guardian covered back in July, when Nigerans began protesting their government for police violence, and found their bank accounts frozen for doing so, many of them turned to using bitcoins to remain operational. Last October, Nigeria was rocked by the largest protests in decades, as many thousands marched against police brutality, and the infamous Sars police unit. The “EndSars” protests saw abuses by security forces, who beat demonstrators, and used water cannon and teargas on them. More than 50 protesters were killed, at least 12 of them shot dead at the Lekki tollgate in Lagos on 20 October The clampdown was financial too. Civil society organisations, protest groups and individuals in favour of the demonstrations who were raising funds to free protesters or supply demonstrators with first aid and food had their bank accounts suddenly suspended. Feminist Coalition, a collective of 13 young women founded during the demonstrations, came to national attention as they raised funds for protest groups and supported demonstration efforts. When the women’s accounts were also suspended, the group began taking bitcoin donations, eventually raising $150,000 for its fighting fund through cryptocurrency. And many merchants, facing sanctions, used bitcoins to trade internationally (also from the Guardian article): His business – importing woven shoes from Guangzhou, China, to sell in the northern city of Kano and his home state of Abia, further south – had been suffering along with the country’s economy. The ban threatened to tip it over the edge. “It was a serious crisis: I had to act fast,” Awa says. He turned to his younger brother, Osy, who had begun trading bitcoins. “He was just accumulating, accumulating crypto, saying that at some point years down the line it could be a great investment. When the forex ban happened, he showed me how much I needed it, too. I could pay my suppliers in bitcoins if they accepted – and they did.” Similarly, Reuters has been reporting on a number of occasions that Russian opposition leader and anti-corruption lawyer Alexei Navalny uses bitcoins in his organization to get around government blockades: Russian authorities periodically block the bank accounts of Navalny’s Anti-Corruption Foundation, a separate organisation he founded which conducts investigations into official corruption. “They are always trying to close down our bank accounts – but we always find some kind of workaround,” said Volkov. “We use bitcoin because it’s a good legal means of payment. The fact that we have bitcoin payments as an alternative helps to defend us from the Russian authorities. They see if they close down other more traditional channels, we will still have bitcoin. It’s like insurance.” One of the most touching stories was reported by Reuters as well. In the early years of bitcoin, an Afghan woman paid many girls with bitcoins, because they were otherwise unbanked and their male relatives would often try to steal from them, since they didn’t necessarily have much of a right to their own property. The self-custodied aspects of bitcoin then allowed many of the girls over the years to leave the country with their funds, which would be impossible with most other assets: When Roya Mahboob began paying her staff and freelancers in Afghanistan in bitcoin nearly 10 years ago, little did she know that for some of these women the digital currency would be their ticket out of the country after the fall of Kabul in August. Mahboob, a founder of the non-profit Digital Citizen Fund along with her sister, taught thousands of girls and women basic computer skills in their centres in Herat and Kabul. Women also wrote blogs and made videos for which they were paid in cash. Most girls and women did not have a bank account because they were not allowed to, or because they lacked the documentation for one, so Mahboob used the informal hawala broker system to send money – until she discovered bitcoin. Alex Gladstein has a massive archive of articles reporting on the various emerging market use-cases for bitcoin over the past several years, ranging from Sudan to Palestine to Cuba to Iran to Venezuela and more. Anita Posch also has a great interview series called Bitcoin in Africa that explores these use-cases in that region. Bitcoin is a tool that tech-savvy people often use as defense against either double digit currency inflation or authoritarian financial system control. We’re even seeing this topic pop up in developed markets. Truckers in Canada protested the government and occupied and disrupted the capitol, and received donations from supporters on crowdfunding sites. Those crowdfunding sites ended up freezing and reversing the payments, so many of the participants turned to bitcoin as peer-to-peer money. The government then invoked the 1988 Emergencies act to freeze bank accounts of certain protestors and donors, and to try to blacklist certain bitcoin addresses to being brought to exchanges for conversion back into Canadian dollars. People may agree or disagree with aspects of those protests but the pragmatic point about money in this context is, those who had their money entirely in banks were indeed frozen. Those who self-custodied their own digital assets, such as bitcoins, had certain conveniences removed from them but could still hold, move, and transfer their money in various ways. In the broadest sense applying internationally (especially for developing markets with weaker rule of law where the majority of people live), I described the issue here: Other digital assets, like CBDCs, are the opposite of this type of asset, and give the government more ability to surveil and censure your money, and in reality, it’s not even your money. It’s a liability of your country’s central bank, and as Carstens eloquently articulated, each central bank wants to be able to determine how you can use their liabilities. The full ramifications of that statement can mean very different things depending on whether you live in a place like Norway or a place like China.
This guy will probably get angry that my pfp is actually a brand and wasn't some ponzi scheme that you could right-click and save OR really attempting to replace anything. And to be accurate google tells me this is the purpose/meaning behind BTC. You're being a little dramatic.
For the it's a scam and there needs to be regulation crowd: https://www.justice.gov/usao-sdny/p...cryptocurrency-insider-trading-tipping-scheme
A major brand is accepting an altcoin over the Ethereum network. Or to keep it simple.. You could buy Gucci products instantly in-store using the Ethereum network.
I did. I’m part owner (non voting rights) of a service that lets you watch different content each month. The Gucci movie was one such piece of content.
thank you for posting this long thread of tweets nobody read. you have been awarded zero likes, and may god have mercy on your weird ass soul
Still have not found a single reason you post itt or think anyone cares what you have to say. He posted a troll-ish position from a reporter. I posted a response. The fact you don’t read it is on you.
Maybe I’m not sure what you mean, but are you saying that Elon pumping and dumping BTC to cover Tesla’s lack of profit to appease share holders legitimizes it? There’s a fair chance I’m just misunderstanding what you’re saying. But if that’s what you’re saying, then no.
I believe you are misunderstanding what I'm saying. You're bumping something that's pretty old but I have a feeling the first half I was being a smartass and mostly mocking one of the things about crypto that is constantly taken out of context here. Tesla/Elon being able to instantly dump their BTC or whatever crypto they needed to cash saved their ass last quarter. Even though they lost most of it. That instant liquidity to their balance sheet covered up a lot of Ls, but thankfully they had spare cash or assets on the books to move around.