Cryptocurrency
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- neverscared0
‘Trading is gambling, no doubt about it’ – how cryptocurrency dealing fuels addiction
Fears rise over how unregulated trading and promotion of crypto assets are creating a new generation of addicts- fuck off guardian.shapesalad
- typical answer of an addicted gamblerneverscared
- grafician-9
So what's the point of buying DOGE with USD to buy Tesla's stuff when Tesla still charges you in USD equivalent of DOGE?
- well if you bought doge 1 year ago. the point would be you are now buying a tesla in less USD than had you not bought doge and kept that USD until now.shapesalad
- No. You don't get it - ofc.
It's about this: https://www.theverge…grafician - The Tesla stuff is in USD equivalent of DOGE. So why transfer USD > DOGE to pay in DOGE? What's DOGE use here?grafician
- It doesn't have a use beyond gambling. Give this a year, probably a lot less, and crypto will crash and stay close to reality.formed
- tax avoidanceGuyFawkes
- @shapesalad, that is spot on, and it's good to see you truly get it.monospaced
- If you happen to have Dogecoin, you can buy some stuff with it. It's pretty straightforward.monospaced
- I asked something else: if you don't have DOGE NOW and you buy DOGE with USD to pay for Tesla products charged in UdSD equivalent of DOGE why do you need DOGE?grafician
- None. Weird question.monospaced
- Right. Well NOT ALL people own DOGE you dumbass, but SOME people want some Tesla merch. Now you get it?grafician
- the fact that you don't really have a reason to use crypto in this case (or any other practical case) makes it useless and all involved = idiotsgrafician
- You’re being super weird.monospaced
- Enjoy the well deserved and rightly earned hate you sad bitter little fuck. Mean ass little bugger you are. Mad at everything.monospaced
- You literally can’t talk here without insulting and condescending. That’s why people hate your euro trash ass.monospaced
- You can call me an idiot a million times and you’re still wrong.monospaced
- lolGuyFawkes
- LOLgrafician
- shapesalad0
- Radioshack as a brand died before most crypto bros were even born...grafician
- it's trying to connect brand value to new markets...atm it's copying the bank business model to get capital, in the future...uan
- ...buy your mining rig hardware box
(which will act as a node in the financial transaction market) from radioshack. (hopefully for them)uan - The brand is dead, there is no value. You meant maybe connecting "nostalgia" to a ponzi scheme?grafician
- so you wouldn't be attracted to step in a new shop in town that has a radioshack logo on it? or even look?
that's brand value.uan - No. It's dead: https://seekingalpha…
Repurposing nostalgia for crypto is cringegrafician - There is equity in the RadioShack brand. It still exists in our thoughts :)monospaced
- Just because they went bankrupt and closed storefronts doesn't mean their brand is dead. The brand is still RadioShack, now in nostalgia form.monospaced
- No public stock ≠ dead brand.monospaced
- That's not how brands work. Just because you remember a long gone company does not make it any more real you dumbass.grafician
- Here's a few more: https://bit.ly/3rnFT…grafician
- ^will you turn these also into crypto companies?grafician
- @monospaced not to mention how the fuck you work in advertising or whatever and you don't know what brands are and how they work...grafician
- Brands absolutely do work like that. Non-existent brands are still brands. Please.monospaced
- "RadioShack is a 100 year old brand embedded into the global consciousness..." They're not wrong. :)monospaced
- And yes, I've worked in some form of advertising for over 15 years. I'm good at it, and my experience backs up my point on the matter.monospaced
- It's okay to keep learning graf. Take advantage of the moment please. For your own good.monospaced
- I'm open to a discussion, but flat out acting like your point of view is the ONLY one that's right is getting weird. Sorry.monospaced
- Lots of people wrongly assume a brand is just a logo and visual identity, or that it only lives if the related company is active. It's okay.monospaced
- You still confuse brands with nostalgia. You're like the MAGA guys - literally. There wasn't a Great America - ever. Wake up and learn some basic brandinggrafician
- Oh and many if not all the stuff I say are well known facts, not my problem you idiots barely know anything about the world and how things workgrafician
- neverscared0
As more celebrities dip their toes in the cryptocurrency world, some weird things are undoubtedly going to happen. Case in point: now Kim Kardashian is getting sued for a “pump and dump” scam involving a bogus altcoin.
- neverscared1
NEW GRAPHICS CARD IS BAD AT CRYPTOMINING ON PURPOSE, MAKER SAYS
TAKE THAT, SCALPERS!“We have really optimized this one to be gaming-first at that target market,” Smith said in the interview. “And you can see that with the way that we configured the part. That’s a really nice frame buffer size for the majority of AAA games, but it’s not particularly attractive if you’re doing blockchain type activities, or mining activities.”
- utopian2
RadioShack to rebrand as cryptocurrency exchange platform.
RadioShack will compete with platforms like Coinbase and Binance. RadioShack announced plans to rebrand as a cryptocurrency exchange platform in an effort to keep the 100-year-old brand alive.
- What’s a radio?monospaced
- early April Fools?Krassy
- well that's randomdbloc
- Why?scarabin
- registers cryptoshack.com!microkorg
- neverscared-1
The Ticking Bomb of Crypto Fascism
The crypto market’s inevitable crash will pull America’s politics in an even scarier direction.
- https://www.nbcnews.…neverscared
- username does not check outGuyFawkes
- we will see about that in the near future.neverscared
- just dont come whining when people will tell you. - told you so - when its happening.neverscared
- next...Crypto killed Jesus.uan
- if u have the will to destroy the rainforrest u also will destroy jesus... makes sense for clearing that up uan.neverscared
- Nairn0
- ailanboooy aman cryptolanbooysted
- This is going to be an epic rug pull.shapesalad
- get the entire island is 12 mill:
https://www.vladi-pr…sted - *forsted
- omahadesigns-3
Shib
or
Doge
or
Loopring
or
Etherium?
- PonyBoy1
I haven't been reading this thread lately... I just saw the Visa post on the front page tho and was wondering if anyone's looked into the MasterCard 'Voyager' debit card?
They're saying that sort of account will earn you up to 9% in rewards (whereas banks put out under 1%)...
"A debit card that earns like crypto and spends like cash"
- You saw it's "US Coin", meaning it is, more or less, the dollar. It's not btc, etc.formed
- Once it's legal to have cards w crytpo, if ever, the banks will make trillions in fees. People will spend like mad when btc is up, but get totally fucked whenformed
- it plummets. Banks won't care, they'll still be getting the fees. People gonna lose their lives to debt thinking crypto will keep going up forever.formed
- neverscared1
Bitcoin is religion; web3 is greed
https://techcrunch.com/2021/12/2…
The complaint is pretty true. Venture capitalists invested more than $6 billion into crypto projects in Q3 2021 alone. That should give you an idea of the scale of the crypto world being purchased by traditional, private-market investors at the moment. More simply, pension funds own a lot of the crypto economy.
- It's not about crypto being special, it's about being too much liquidity around and few opportunities so VCs invest in whatever they cangrafician
- also web3 is just like "metaverse" just a buzzword, vaporware, it will never be nothing 'cuz there's nothing to it really if you look carefullygrafician
- VCs don't care about long term viability.monNom
- sted8
Visa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants- just a ponzi bubble though bruthashapesalad
- I thought crypto wasn't supposed to be spent though. I was told, earlier in this thread, it was a "digital gold" sort of investment. Not for spending.section_014
- Can't wait to see what the fees will be. Looks like time to buy some Visa shares and watch that sucker line grow!formed
- they partnered with different banks a while ago...I got a visa from my crypto bank like a year ago. it went free with my account. no fees.uan
- it came free* with the account. the cashbacks you get from spending money with the visa are paid in crypto.uan
- what does visa want...my cryptos...what do I want...just give visa small amounts of cryptos when the price is high and use those €/£/$ to buy stuff.uan
- This won't work. Crypto = speculation, so most will not buy pizza with crypto. Again.grafician
- it's an interface to convert cryto into normal money, so you can spend it irl. it works already.uan
- shapesalad-1
- "we all believe in bitcoin and that's how bitcoin has price stability"
bitcoin: *up and down 20% in a month*grafician - Bitcoin/crypto can never be truly 'real' until there is stabilitzation. Just think, 'I want that 500k home, let's get it hun, have plenty of money....'formed
- next day 'never mind, how about that trailer?'formed
- "we all believe in bitcoin and that's how bitcoin has price stability"
- neverscared1
In this paper, we provide detailed analyses of the Bitcoin network and its main participants. We build a novel database using a large number of public and proprietary sources to link Bitcoin addresses to real entities and develop an extensive suite of algorithms to extract information about the behavior of the main market participants. We conduct three major pieces of analysis of the Bitcoin eco-system.
- neverscared0
- https://www.wsj.com/…neverscared
- is this all you do all day? fixate on shit you don't like?inteliboy
- only if iam affected by it through enviromental destruction.neverscared
- what are decimal places?shapesalad
- its also two dumbass questions u come up with.. but i wouldn´t expect it different from a cryptobro.neverscared
- but i guess u like that numbers a lot.. are u one of the 0.01% ? otherwise u must be not the brightest....neverscared
- that's not what centralized/decentra... means, thoughmonospaced
- one of the meanings. the meaning when argument of power of a few with fiat money comes in play in comparison with crypto..the centralisation of power is worseneverscared
- the btc decentral stuff is pretty crap . considering theres one ledger.neverscared
- Techno feudalismgrafician
- "fixate on shit you don't like?"
hate is an equal source of dopamine as love, two perfectly human emotions, embrace your shadow sidedrgs - Centralized banking means one entity produces and distributes all money. Has nothing to do with who holds most of it, unfortunately.monospaced
- Bitcoin is mined by people everywhere, therefore it's not centralized. It's traded freely on many exchanges, also not centralized. Sorry :)monospaced
- i hope u have some data to back that up mono.. paper states that the production is centralizedneverscared
- https://papers.ssrn.…neverscared
- 50% of mining from 0,1% of miners.. tell me how you would call that except central ?neverscared
- hate is a strong word... i don´t like it is better .. the greed and ecological destruction part i should hate i guess.. because its so toxic.neverscared
- 10% controlling 90% of production... would not call that decentralized production .. but if u think it is ...go ahead.neverscared
- lol, back up THE definition of a centralized bank? I don't have to.monospaced
- Just because some miners have the majority doesn't mean it's centralized or that they are controlling thingsmonospaced
- This screenshot didn't say that 10% of miners "control" 90% of production. And if that's true, who's to say those 10% are connected?monospaced
- They certainly can't stop anyone else from minimng, and if they themselves stop mining, production elsewhere continues. Cheers :)monospaced
- “In circulation” lol WSJ represents the old guardnb
- but there is still hope ... like in a lot of the early btc are dormant and keys in posession of the coders. who can counter an attack by the fbi or other bad guysuan
- .01% is like 10,000 people.DRIFTMONKEY
- of course the coder could totally be a super evil guy with a master plan...let‘s see how it goes in the next yearsuan
- "U.S. officially the top destination for bitcoin miners, beating out China for the first time"grafician
- https://www.cnbc.com…grafician
- "One-third of bitcoin's hashrate is in the U.S., according to the Cambridge Centre for Alternative Finance, a 428% increase from September 2020"grafician
- So BTC CAN BE decentralised, BUT technically IT'S RATHER NOT!grafician
- ...in mining and also owning, pretty sure those 001% are mostly Americans
so yeah, keep arguing crypto is still "decentralised" in 2022 lolgrafician - would have guessed that mono is trashing experts .. since he is so proud when the coronavirus comes into.. but when the MIT says its centralised ..neverscared
- its not for you.... wouldnt have guessed i mean.neverscared
- fuck the researchers then .. i back what they found out... u back some fantasy numbers .neverscared
- its the concentrated technology power of course.. thats why 10% mine 90%... ,neverscared
- I'm not trashing experts. I'm just disagreeing that it's centralized because. It certainly has some imbalance, but it's not central by strict standards.monospaced
- I certainly didn't present any numbers, fantasy or otherwise.monospaced
- Technically, ANYONE can mine BTC, there is no restriction on that like there is with actual centralized banks, that won't allow anyone else to print money.monospaced
- yes, u just blurted out some crap without numbers...neverscared
- with a few holding that much its not decentralized .. every idiot understands that.neverscared
- That’s more concentrated wealth than the 1% of affluent Americans who currently control about one-third of U.S. dollars, a figure that many have pointed to as aneverscared
- massive inequality. 100 times more than FIATneverscared
- What I "blurted" isn't crap. You're saying that the concentration is centralization, and I'm saying that's not the definition.monospaced
- The fact that anyone can mine isn't crap, it's a fact. That's the big difference from an actual centralized bank. Cheers.monospaced
- I'm not saying that your numbers are bullshit, either. Please don't make that misunderstanding.monospaced
- "The fact that anyone can mine isn't crap, it's a fact." - monospaced
then go buy a miner and let's see how much bitcoin can you mine on your own :)grafician - dont u get it ? the bitcoinbros always say they wanna replace FIAT with their systems because its decentralized in power.. turns out their own system is 100neverscared
- ^oh wait, you can't really buy ONE miner, you need to wait months or years to only buy thousands, that IF with the big chip shortagesgrafician
- times more imbalanced aka centralized to the top then the system they want to replace... the decentral stuff that eveyone can mine is useless in relation.neverscared
- @neverscared bro stop arguing with idiots like monoscaped, who only crash discussions to antagonise people without adding nothing usefulgrafician
- no mono is not an idiot...neverscared
- maybe just missinformed.neverscared
- yes, the mining is concentrated but the say its not.... brainwashing in 101.neverscared
- The concentration of miners is even more profound, data show. NBER found that the top 10% of miners control 90% of the Bitcoin mining capacity, and just 0.1%neverscared
- control 50% of mining capacity. https://fortune.com/…neverscared
- since you are so paranoid i feed u lying numbers . u can read them at the fortune article. or in the paper the MIT released.neverscared
- https://imgur.com/t/…_me_
- https://c.tenor.com/…neverscared
- i agree with _me_ , the age of the old people in expensives places in the theater ..symbolize perfect the old, aristocracy power structure now proofenneverscared
- by public institutions inherent in crypto.neverscared
- neverscared1
If the entire crypto ecosystem collapsed tomorrow, nobody would even notice. The S&P would barely move, business wouldn't care, and the only change is that some insufferable people would have to go find a less destructive hobby.
- And we will be able to buy all those 3090 RTX cheaper than a cereal bar :)ekael
- true ...going into the hardware thing of the whole shit is like wtfneverscared
- https://www.theguard…neverscared
- shapesalad7
From a reddit post.
"On may 24th CEO of one of the largest bank in the world - HSBC publicly said that crypto lacks transparency and later it's UK branch started to block payments to Binance. Yesterday same British HSBC branch has been fined £63.9m by the UK's financial regulator for money laundering!"
- So the take away here is that transparency works?Nairn
- HSBC the same bank that were cool laundering cartel money? LolPhanLo
- the fincen filessted
- The crypto industry has racked up $2.5 billion in fines since bitcoin was launched... so who is the better crook ?! one more in the game with crypto then.neverscared
- and its just starting to get regulated.. phew .. there is shit to come for the cryptobrosneverscared
- https://markets.busi…neverscared
- I wonder if those are the paid or the issued fines?sted
- I know cunts in HSBC big in to cryptokingsteven
- Oh the transparencyAQUTE