Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • Users
  • Groups
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse

The New Coffee Room

  1. TNCR
  2. General Discussion
  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

Scheduled Pinned Locked Moved General Discussion
440 Posts 22 Posters 29.1k Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • AxtremusA Offline
    AxtremusA Offline
    Axtremus
    wrote on last edited by
    #347

    https://www.axios.com/2022/10/04/kim-kardashian-crypto-fine-matt-damon

    Kim Kardashian was fined $1.26 million Monday for touting crypto schemes — even as much more high-profile pitches from the likes of Matt Damon and Larry David have gone unpunished. The seeming double standard is a function of a subtle yet crucial distinction in securities law.
    …
    How it works: If you're endorsing a company, the only rules that apply are the relatively lax ones from the FTC. If you're shilling a security, then disclosing that you were paid — as Kardashian did with an #AD hashtag — is not enough; you also need to disclose how much you were paid.

    The bottom line: If you're going to tout crypto, tout a crypto company, not a coin.

    taiwan_girlT 1 Reply Last reply
    • AxtremusA Axtremus

      https://www.axios.com/2022/10/04/kim-kardashian-crypto-fine-matt-damon

      Kim Kardashian was fined $1.26 million Monday for touting crypto schemes — even as much more high-profile pitches from the likes of Matt Damon and Larry David have gone unpunished. The seeming double standard is a function of a subtle yet crucial distinction in securities law.
      …
      How it works: If you're endorsing a company, the only rules that apply are the relatively lax ones from the FTC. If you're shilling a security, then disclosing that you were paid — as Kardashian did with an #AD hashtag — is not enough; you also need to disclose how much you were paid.

      The bottom line: If you're going to tout crypto, tout a crypto company, not a coin.

      taiwan_girlT Offline
      taiwan_girlT Offline
      taiwan_girl
      wrote on last edited by
      #348

      @Axtremus said in The Bitcoin/Crypto Thread:

      https://www.axios.com/2022/10/04/kim-kardashian-crypto-fine-matt-damon

      Kim Kardashian was fined $1.26 million Monday for touting crypto schemes — even as much more high-profile pitches from the likes of Matt Damon and Larry David have gone unpunished. The seeming double standard is a function of a subtle yet crucial distinction in securities law.
      …
      How it works: If you're endorsing a company, the only rules that apply are the relatively lax ones from the FTC. If you're shilling a security, then disclosing that you were paid — as Kardashian did with an #AD hashtag — is not enough; you also need to disclose how much you were paid.

      The bottom line: If you're going to tout crypto, tout a crypto company, not a coin.

      Amazing (and sad) that she is famous for being famous, and even more amazing (and sad) that she was paid USD$250K for the Instagram post.

      1 Reply Last reply
      • AxtremusA Offline
        AxtremusA Offline
        Axtremus
        wrote on last edited by
        #349

        https://www.barrons.com/articles/dogecoin-musk-twitter-51666975620

        Dogecoin surged 40% upon Elon Musk taking over Twitter. Any happy Dogecoin owner here?

        89th8 1 Reply Last reply
        • AxtremusA Axtremus

          https://www.barrons.com/articles/dogecoin-musk-twitter-51666975620

          Dogecoin surged 40% upon Elon Musk taking over Twitter. Any happy Dogecoin owner here?

          89th8 Offline
          89th8 Offline
          89th
          wrote on last edited by
          #350

          @Axtremus said in The Bitcoin/Crypto Thread:

          https://www.barrons.com/articles/dogecoin-musk-twitter-51666975620

          Dogecoin surged 40% upon Elon Musk taking over Twitter. Any happy Dogecoin owner here?

          I own like $50 or something. It would need to surge to the moon before I took notice LOL.

          1 Reply Last reply
          • X Offline
            X Offline
            xenon
            wrote on last edited by
            #351

            Tide is going out. Lots of naked people.

            jon-nycJ 1 Reply Last reply
            • X xenon

              Tide is going out. Lots of naked people.

              jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote on last edited by
              #352

              @xenon Yeah. Been very popcorn worthy.

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              1 Reply Last reply
              • taiwan_girlT Offline
                taiwan_girlT Offline
                taiwan_girl
                wrote on last edited by
                #353

                I agree with what Warren Buffet has said about crypto. (Plus I dont understand it 555)

                “If you said … for a 1% interest in all the farmland in the United States, pay our group $25 billion, I’ll write you a check this afternoon,” Buffett said. ”[For] $25 billion I now own 1% of the farmland. [If] you offer me 1% of all the apartment houses in the country and you want another $25 billion, I’ll write you a check, it’s very simple. Now if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything. The apartments are going to produce rent and the farms are going to produce food.”

                “Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things — we can put up Berkshire coins... but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”

                1 Reply Last reply
                • KlausK Offline
                  KlausK Offline
                  Klaus
                  wrote on last edited by
                  #354

                  I'm not sure that is a very plausible argument.

                  If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                  taiwan_girlT 1 Reply Last reply
                  • KlausK Klaus

                    I'm not sure that is a very plausible argument.

                    If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                    taiwan_girlT Offline
                    taiwan_girlT Offline
                    taiwan_girl
                    wrote on last edited by
                    #355

                    @Klaus said in The Bitcoin/Crypto Thread:

                    I'm not sure that is a very plausible argument.

                    If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                    But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                    KlausK 1 Reply Last reply
                    • taiwan_girlT taiwan_girl

                      @Klaus said in The Bitcoin/Crypto Thread:

                      I'm not sure that is a very plausible argument.

                      If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                      But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                      KlausK Offline
                      KlausK Offline
                      Klaus
                      wrote on last edited by
                      #356

                      @taiwan_girl said in The Bitcoin/Crypto Thread:

                      @Klaus said in The Bitcoin/Crypto Thread:

                      I'm not sure that is a very plausible argument.

                      If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                      But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                      It isn't worth anything anymore if you would concentrate all Euro in one hand.

                      No modern currency has intrinsic value.

                      It's all a matter of trust. If people trust crypto, you'll soon be able to buy shoes with it. If people do not, it will end up in the dust bin of history.

                      taiwan_girlT 1 Reply Last reply
                      • jon-nycJ Offline
                        jon-nycJ Offline
                        jon-nyc
                        wrote on last edited by
                        #357

                        It’s still not clear it has a use case besides illicit trade and speculation.

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        HoraceH 1 Reply Last reply
                        • jon-nycJ jon-nyc

                          It’s still not clear it has a use case besides illicit trade and speculation.

                          HoraceH Offline
                          HoraceH Offline
                          Horace
                          wrote on last edited by
                          #358

                          @jon-nyc said in The Bitcoin/Crypto Thread:

                          It’s still not clear it has a use case besides illicit trade and speculation.

                          It's a store of value that could be transported across the galaxy via quantum entanglement computers. Suck it, gold!

                          Education is extremely important.

                          1 Reply Last reply
                          • KlausK Klaus

                            @taiwan_girl said in The Bitcoin/Crypto Thread:

                            @Klaus said in The Bitcoin/Crypto Thread:

                            I'm not sure that is a very plausible argument.

                            If I'd offer you all of the Euro in the world for $25, it would also be a bad deal and it wouldn't be worth anything.

                            But it is worth something. I can go to pretty much anywhere and buy something with it. I can live if you gave me euros. If I were only had crypto in my pocket, I think I would starve to death, not be able to move around, except by walking (and even then, I dont know where I would get shoes), buy a computer to post on TNCR, pay the internet company that allows me to use an (un-bought) computer , etc. etc.

                            It isn't worth anything anymore if you would concentrate all Euro in one hand.

                            No modern currency has intrinsic value.

                            It's all a matter of trust. If people trust crypto, you'll soon be able to buy shoes with it. If people do not, it will end up in the dust bin of history.

                            taiwan_girlT Offline
                            taiwan_girlT Offline
                            taiwan_girl
                            wrote on last edited by
                            #359

                            @Klaus said in The Bitcoin/Crypto Thread:

                            If people trust crypto

                            That is a very big IF.

                            Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                            HoraceH 1 Reply Last reply
                            • taiwan_girlT taiwan_girl

                              @Klaus said in The Bitcoin/Crypto Thread:

                              If people trust crypto

                              That is a very big IF.

                              Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                              HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by
                              #360

                              @taiwan_girl said in The Bitcoin/Crypto Thread:

                              @Klaus said in The Bitcoin/Crypto Thread:

                              If people trust crypto

                              That is a very big IF.

                              Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                              The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                              Education is extremely important.

                              taiwan_girlT 1 Reply Last reply
                              • X Offline
                                X Offline
                                xenon
                                wrote on last edited by
                                #361

                                Maybe I lack imagination - but I see Bitcoin as the most useful of the bench as a monetary system that's completely divorced from politics.

                                But - we already essentially have that in gold.

                                In terms of spending - I don't see how it makes my life any easier using crypto to buy things online vs. a credit card.

                                If anything - I do want a bank standing behind my card to help me if there's fraud or charges need to be reversed, etc.

                                Maybe I just don't get it - but I've tried.

                                HoraceH 1 Reply Last reply
                                • X xenon

                                  Maybe I lack imagination - but I see Bitcoin as the most useful of the bench as a monetary system that's completely divorced from politics.

                                  But - we already essentially have that in gold.

                                  In terms of spending - I don't see how it makes my life any easier using crypto to buy things online vs. a credit card.

                                  If anything - I do want a bank standing behind my card to help me if there's fraud or charges need to be reversed, etc.

                                  Maybe I just don't get it - but I've tried.

                                  HoraceH Offline
                                  HoraceH Offline
                                  Horace
                                  wrote on last edited by
                                  #362

                                  @xenon said in The Bitcoin/Crypto Thread:

                                  Maybe I lack imagination - but I see Bitcoin as the most useful of the bench as a monetary system that's completely divorced from politics.

                                  But - we already essentially have that in gold.

                                  In terms of spending - I don't see how it makes my life any easier using crypto to buy things online vs. a credit card.

                                  If anything - I do want a bank standing behind my card to help me if there's fraud or charges need to be reversed, etc.

                                  Maybe I just don't get it - but I've tried.

                                  It’s a currency by techie preppers, for techie preppers.

                                  Education is extremely important.

                                  1 Reply Last reply
                                  • HoraceH Horace

                                    @taiwan_girl said in The Bitcoin/Crypto Thread:

                                    @Klaus said in The Bitcoin/Crypto Thread:

                                    If people trust crypto

                                    That is a very big IF.

                                    Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                    The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                                    taiwan_girlT Offline
                                    taiwan_girlT Offline
                                    taiwan_girl
                                    wrote on last edited by
                                    #363

                                    @Horace said in The Bitcoin/Crypto Thread:

                                    @taiwan_girl said in The Bitcoin/Crypto Thread:

                                    @Klaus said in The Bitcoin/Crypto Thread:

                                    If people trust crypto

                                    That is a very big IF.

                                    Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                    The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                                    But that will be the defeat. If you have to exchange it to a spendable currency, then what good is it? Why not just have the spendable currency?

                                    HoraceH 1 Reply Last reply
                                    • taiwan_girlT taiwan_girl

                                      @Horace said in The Bitcoin/Crypto Thread:

                                      @taiwan_girl said in The Bitcoin/Crypto Thread:

                                      @Klaus said in The Bitcoin/Crypto Thread:

                                      If people trust crypto

                                      That is a very big IF.

                                      Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                      The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                                      But that will be the defeat. If you have to exchange it to a spendable currency, then what good is it? Why not just have the spendable currency?

                                      HoraceH Offline
                                      HoraceH Offline
                                      Horace
                                      wrote on last edited by
                                      #364

                                      @taiwan_girl said in The Bitcoin/Crypto Thread:

                                      @Horace said in The Bitcoin/Crypto Thread:

                                      @taiwan_girl said in The Bitcoin/Crypto Thread:

                                      @Klaus said in The Bitcoin/Crypto Thread:

                                      If people trust crypto

                                      That is a very big IF.

                                      Right now, it goes back to what I said - it really doesn't have any value. I would be very comfortable living on 5000 euro for a month. Somebody trying to live on the equivalent bitcoin (or even a 1.5x equivalent) would have a much more difficult time. I need to take the subway here - Nope. I need to get something to eat - nope. Lets go out with friends for an evening - nope. etc

                                      The idea is that you can exchange it for spendable currency. Which you can, fairly easily.

                                      But that will be the defeat. If you have to exchange it to a spendable currency, then what good is it? Why not just have the spendable currency?

                                      Ask a techie prepper, or a coup enthusiast. Governments dissolve after all.

                                      Education is extremely important.

                                      1 Reply Last reply
                                      • AxtremusA Offline
                                        AxtremusA Offline
                                        Axtremus
                                        wrote on last edited by Axtremus
                                        #365

                                        What if Wolf of Wall Street were about crypto:

                                        Link to video

                                        About NFT:

                                        Link to video

                                        1 Reply Last reply
                                        • LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #366

                                          Been a little bit of a rally the last couple of weeks. My meager holdings are up about 7% since the New Year.

                                          The Brad

                                          1 Reply Last reply
                                          Reply
                                          • Reply as topic
                                          Log in to reply
                                          • Oldest to Newest
                                          • Newest to Oldest
                                          • Most Votes


                                          • Login

                                          • Don't have an account? Register

                                          • Login or register to search.
                                          • First post
                                            Last post
                                          0
                                          • Categories
                                          • Recent
                                          • Tags
                                          • Popular
                                          • Users
                                          • Groups