The Crypto Thread

I mean, as long as we agree on this premise … shit it even says “given that …”

Given that cryptocurrencies don’t produce anything of material value, this enormous waste of resources renders the whole enterprise a negative-sum game.

:laughing:

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https://twitter.com/mikealfred/status/1485309810400645123?s=21

https://twitter.com/mikealfred/status/1485311299487629313?s=21

Hmmm

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That dude might be on to something. El Salvador was doing absolutely amazing until about a week ago.

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There was a discussion somewhere on this forum re: the commercial value of high volume posting on forums like this one, think it was this thread.

Can conclusively say it’s max about $3.50.

Green’s video inspired some of his peers to share what they make on TikTok. That includes MrBeast, the top creator on YouTube. He said he’s about about $15,000 on TikTok despite having more than 32 million followers (and generating a lot of views).

https://www.bloomberg.com/news/newsletters/2022-01-23/why-netflix-just-had-its-worst-day-in-a-decade

I’ve been saying this for years!

someone bought a fuckton of bitcoin today

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https://twitter.com/darrenrovell/status/1485314361312915456

Got to hold the dip

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That math can’t be right unless he was paid in one lump sum in bitcoin when he signed.

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So $400 in BTC randomly showed up in my wallet two weeks ago and just now seeing it. Have no idea what it is for. Could this be part of some kind of scam?

That’s mine, sent it to you by mistake. If you could ship it back to me I’d appreciate it. Go ahead and keep 10% for yourself for your troubles. Thanks!

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This is not how taxes work

This post hurt my brain with how stupid it is.

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Rovell is the nut low

But he owns over 9 MLK signed items.

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Already used it for crypto’s intended purpose, depositing on offshore gambling sites. Better luck next time scammers!

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Seems fine. To put your money into a speculative asset just to have the asset tank seems like a good moral to learn, any more than they teach the players not to invest in cars, boats, or their best friend’s amazing scheme to get richer. He’ll (hopefully) have someone not convert the next month’s payment into Bitcoin, but that would be kind of the deal right? Bitcoin’s just any other speculative asset or perhaps a store of value like currency or gold. Sometimes you do well, sometimes you don’t but probably shouldn’t put your income in one basket

(the brilliant IMO) Sociologist Tressie McMillan Cottom has started to write about crypto. https://www.nytimes.com/2022/01/24/opinion/crypto-blockchain-nfts.html?smid=em-share

I expect it to be interesting although her target audience is not crypto aware.

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The problem with diamonds isn’t the mining is it?