Monad Portal
Was it me?
i think the theory of some is that they have been detained, read the riot act, and rereleased out into the wild, to await their fate.
they cannot hide.
No surprise except in how quickly it happened but Crypto loooking pretty dead
- Thread starter Celticguy
- Start date
i think the theory of some is that they have been detained, read the riot act, and rereleased out into the wild, to await their fate.
they cannot hide.
google about the well known entity tardo
I don't waste time with dipshits that either play dumb or are dumb
Monad Portal
Was it me?
all of crypto is for fools.
Monad Portal
Was it me?
that has nothing to do with our exchange meatball
im saying all of crypto is for fools.
even the crash protection squad hunger force.
no, you were claiming neither the dollar - or the markets priced in dollars are manipulated. you want us to believe no powerful interests are trying to keep either steady.
Monad Portal
Was it me?
no i wasn't.
I was implying that entities charged with doing that are not even trying and instead are using fiat currency for its intended purpose, domination of others.
Monad Portal
Was it me?
later meathead
right.
run with your tail between your legs, unable to even verbalize your core beliefs under pressure.
I used your own retarded words against you meathead
you lost - but are too fucking dumb to know it - which is why I don't waste time with meatheads such as yourself
Monad Portal
Was it me?
you're not comprehending.
there are entities which claim to be stabilizing forces, but they're doing the opposite.
you're not a nuanced thinker or reader.
projection retard
he said There are no powerful interests trying to keep them steady.
trying - he did not say they were succeeding - so you are the fucking idiot that can't comprehend nuances. you lose moron. put the shovel down
Monad Portal
Was it me?
projection retard
he said There are no powerful interests trying to keep them steady.
trying - he did not say they were succeeding - so you are the fucking idiot that can't comprehend nuances. you lose moron. put the shovel down
they're not trying. they're fully taking advantage of their ability to create money out of nothing and are giving it to their cronies, stability be damned.
they're taking full advantage and not trying.
they're bad actors, evil banker fucksticks.
the crypto scam isn't better.
The issue cryptocurrency has is that it doesn't really solve any problem that traditional currency hasn't already solved... other than problems we don't actually want to have solved (e.g., it does make it easier to dodge taxes, to fund crime, and to bankroll terrorists).
There are at least two huge problems with bitcoin from the point of view of someone looking for a currency, as opposed to a way to hide money from authorities, or just a pyramid scheme gamble:
(1) It's hard to spend. Few places accept payment in cryptocurrency, so you end up having to convert to a real currency, first, before you spend.
(2) It's obscenely volatile. Like as recently as November, Bitcoin closed at 67,566.83. Now it's 28,294.29. Generally, you don't want a currency that loses over half its value that quickly. Even taking a twelve-month stretch, it's like suffering from around 50% inflation, in terms of what the buying power of one Bitcoin is today, versus what it was a year ago, in real goods and services.
Monad Portal
Was it me?
what really makes crypto stupid is that it's cashless and all digital. usdc is no better.
relying on computers for everything is dumb.
one electromagnetic pulse attack and your ledgers are gone.
Monad Portal
Was it me?
there is no fate.
using that knee jerk reaction, the DOW is also looking pretty dead.
I don't think so. First, the DOW doesn't purport to be a currency, as crypto-currencies do. It's an index showing the collective price of a selection of big-company stocks. Second, there's underlying value there -- when you buy a DOW stock, you own part of a real-world company that creates real-world value. Generally, it means owning a piece of a lot of property -- IP, factories, land, currency holdings, IOU's, and so on, along with a bunch of contracts related to future business. It produces an income whether or not you're able to sell your stock for more than you bought it.
Because of that fundamental value, the DOW isn't anywhere near as volatile as cryptocurrencies. Bitcoin can rise or fall by over half in just half a year. The worst full year for the DOW in almost a century was when it was down 33.84% one year, back when Bush was president. To find a year with it declining by over half, you need to go all the way back to another Republican era, when it fell about 52% one year during the Hoover administration.
Monad Portal
Was it me?
That's one of the interesting things about those who hype crypto. Many are the same people who are prepper types paranoid about the risk of an EM pulse attack or some other SHTF scenario where the Internet breaks down. On the one hand, they're buying up crypto, yet on the other they're stocking their basements with various barter goods in anticipation of a total disruption of civilization.
I can actually see making some small reserve for the SHTF scenario -- having cash and maybe even a little gold or barterable goods on hand in case something happens that disrupts electronic transactions for a few weeks or months. Heck, I've even benefited from that a little -- having enough cash on hand that during a prolonged power outage after an ice storm that I was able to go to the grocery store on a day when they couldn't process credit cards. But that space where the preppers and the crypto-cultists cross over in the Venn diagram is a little hard to understand.
Monad Portal
Was it me?
exellent note.