The Bitcoin/Crypto Thread
-
@mik said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@aqua-letifer said in The Bitcoin/Crypto Thread:
Interesting thread.
I must say that that thread makes me like crypto more, not less.
I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Hell yes, bring it on!
What's not to like?
Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.
"What do you mean, Aqua, buying on margin is a great idea!"
wrote on 4 Jan 2022, 19:11 last edited by@aqua-letifer said in The Bitcoin/Crypto Thread:
@mik said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@aqua-letifer said in The Bitcoin/Crypto Thread:
Interesting thread.
I must say that that thread makes me like crypto more, not less.
I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Hell yes, bring it on!
What's not to like?
Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.
"What do you mean, Aqua, buying on margin is a great idea!"
My first experience to buying on margin was the richest guy in Springfield. He lost it all on margin calls. Maade a big impression on me.
-
@aqua-letifer said in The Bitcoin/Crypto Thread:
@xenon said in The Bitcoin/Crypto Thread:
If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.
That sounds so ridiculous.
I'm taking your word for it, but it sounds like you're saying, "crypto's great! It's like money, but better!"Well - I personally don't like the way the Euro works or the gold standard.
But essentially - you're turning a currency more into a "force of nature" - people have less control over it.
What I'm saying is that crypto takes away even more control from humans.
I think the guy you linked was essentially saying the same thing.
Question is - do we want humans to control and have agency over their the currency?
wrote on 4 Jan 2022, 19:20 last edited by@xenon said in The Bitcoin/Crypto Thread:
Question is - do we want humans to control and have agency over their the currency?
Depends on the human.
-
@xenon said in The Bitcoin/Crypto Thread:
Question is - do we want humans to control and have agency over their the currency?
Depends on the human.
wrote on 4 Jan 2022, 19:28 last edited by@doctor-phibes said in The Bitcoin/Crypto Thread:
@xenon said in The Bitcoin/Crypto Thread:
Question is - do we want humans to control and have agency over their the currency?
Depends on the human.
Under my control is the best, of course.
-
@aqua-letifer said in The Bitcoin/Crypto Thread:
@mik said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@aqua-letifer said in The Bitcoin/Crypto Thread:
Interesting thread.
I must say that that thread makes me like crypto more, not less.
I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Hell yes, bring it on!
What's not to like?
Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.
"What do you mean, Aqua, buying on margin is a great idea!"
My first experience to buying on margin was the richest guy in Springfield. He lost it all on margin calls. Maade a big impression on me.
wrote on 4 Jan 2022, 19:47 last edited by -
wrote on 5 Jan 2022, 00:00 last edited by
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
-
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
wrote on 5 Jan 2022, 00:10 last edited by@axtremus said in The Bitcoin/Crypto Thread:
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
About 1/20 that of Michael Bloomberg.
https://en.wikipedia.org/wiki/List_of_richest_American_politicians
-
@axtremus said in The Bitcoin/Crypto Thread:
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
About 1/20 that of Michael Bloomberg.
https://en.wikipedia.org/wiki/List_of_richest_American_politicians
wrote on 5 Jan 2022, 01:27 last edited by@george-k said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
About 1/20 that of Michael Bloomberg.
https://en.wikipedia.org/wiki/List_of_richest_American_politicians
Fun facts:
- Michael Bloomberg was born into less money than Donald Trump was.
- Since signing The Giving Pledge, Bloomberg has given to philanthropic causes more than 3x Trump’s net worth in monetary terms.
-
@george-k said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
About 1/20 that of Michael Bloomberg.
https://en.wikipedia.org/wiki/List_of_richest_American_politicians
Fun facts:
- Michael Bloomberg was born into less money than Donald Trump was.
- Since signing The Giving Pledge, Bloomberg has given to philanthropic causes more than 3x Trump’s net worth in monetary terms.
wrote on 5 Jan 2022, 02:34 last edited by@axtremus said in The Bitcoin/Crypto Thread:
Bloomberg has given to philanthropic causes more than 3x Trump’s net worth in monetary terms.
So what?
-
wrote on 22 Jan 2022, 02:51 last edited by
Crypto seems to have a pretty strong correlation with the market right now. Inflation hedge, it is not.
-
wrote on 22 Jan 2022, 14:04 last edited by
And in other news...Walmart is getting into the market...
-
wrote on 5 Feb 2022, 21:57 last edited by
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
-
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
wrote on 5 Feb 2022, 22:13 last edited byPrivacy would be a concern in that use case. Bitcoin payments are very public. There are ways to obfuscate source and destination, but it's not easy.
-
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
wrote on 5 Feb 2022, 23:42 last edited by@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
-
@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
wrote on 6 Feb 2022, 00:39 last edited by@xenon said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
They aren’t laws. It’s private companies like PayPal saying no thanks…
-
@xenon said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
They aren’t laws. It’s private companies like PayPal saying no thanks…
wrote on 6 Feb 2022, 02:48 last edited by@lufins-dad said in The Bitcoin/Crypto Thread:
@xenon said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
They aren’t laws. It’s private companies like PayPal saying no thanks…
This is a vague statement from the article, but it seems like PayPal and venmo didn’t want to be part of sex work transactions.
Knox describes herself as “one of the most outspoken sex workers, particularly for crypto.” Her interest kicked off in 2014, which is when she says several vendors, including PayPal, Square Cash, and Venmo, shut down her accounts because of red flags related to sex work.
Knox describes herself as “one of the most outspoken sex workers, particularly for crypto.” Her interest kicked off in 2014, which is when she says several vendors, including PayPal, Square Cash, and Venmo, shut down her accounts because of red flags related to sex work.
I’m guessing that’s a legal and moral decision.
-
wrote on 6 Feb 2022, 21:07 last edited by
Another use case for cryptocurrency.
North Korea: Missile programme funded through stolen crypto, UN report says
https://www.bbc.co.uk/news/world-asia-60281129 -
Another use case for cryptocurrency.
North Korea: Missile programme funded through stolen crypto, UN report says
https://www.bbc.co.uk/news/world-asia-60281129wrote on 6 Feb 2022, 21:10 last edited by@axtremus said in The Bitcoin/Crypto Thread:
Another use case for cryptocurrency.
North Korea: Missile programme funded through stolen crypto, UN report says
https://www.bbc.co.uk/news/world-asia-60281129If you don’t have ethical qualms about it - the crypto scene is one big bug bounty right now.
Lots of money to be made exploiting weak code.
-
wrote on 9 Feb 2022, 18:14 last edited by
https://www.vox.com/the-goods/22922511/crypto-nfts-sports-betting-money-hobby
Money as a hobby.
"Why (mostly) 20- and 30-something dudes made crypto and sports betting their personality."
The wealth gap among holders of bitcoin is 100 times worse than the US economy: the top 0.01 percent control 27 percent of the 19 million bitcoin currently in circulation.
Not surprised, though probably the first time I see the crypto "wealth gap" called out.
-
https://www.vox.com/the-goods/22922511/crypto-nfts-sports-betting-money-hobby
Money as a hobby.
"Why (mostly) 20- and 30-something dudes made crypto and sports betting their personality."
The wealth gap among holders of bitcoin is 100 times worse than the US economy: the top 0.01 percent control 27 percent of the 19 million bitcoin currently in circulation.
Not surprised, though probably the first time I see the crypto "wealth gap" called out.
wrote on 9 Feb 2022, 18:22 last edited by@axtremus said in The Bitcoin/Crypto Thread:
https://www.vox.com/the-goods/22922511/crypto-nfts-sports-betting-money-hobby
Money as a hobby.
"Why (mostly) 20- and 30-something dudes made crypto and sports betting their personality."
The wealth gap among holders of bitcoin is 100 times worse than the US economy: the top 0.01 percent control 27 percent of the 19 million bitcoin currently in circulation.
Not surprised, though probably the first time I see the crypto "wealth gap" called out.
This feels timeless:
They seemed to work in tech or finance, mostly, and had come to connect with others over the thing they loved most in the world, the wild force driving the feeding frenzy of people storming the bouncer to get inside: money, and making it as quickly as possible
And some of these guys have been making insane amounts of money.
-
wrote on 11 Feb 2022, 00:59 last edited by
MoviePass 2.0, the idea is to let the users earn cryptocurrency by watching advertisements on their phone, the cryptocurrency can then be cashed in to watch movies in theaters. Proposal includes using the phone’s camera to track your eyeballs to make sure you’re actually watching the advertisements.
