I can make terrible financial decisions on my own thank you very much.
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we dont get got.
But are they terrible enough? I’m sure you could use some help.
Show the sum, I need some loss porn.
O7
I am surprised at the many nice, fair, liberal people from my past that, 5-10 years later, have transformed into turbo-racists and Christo-fascists.
I know a bunch of trekkies, a fandom around a post scarcity, pseudo communist utopia, embrace crypto despite it being an artificial scarcity concept that doesn’t really fix any of the issues of the preceding system. I make fun of them whenever nfts come up, including posting any negative nft news into the humor channel of their discord.
The right wing trekkies is the weirdest one for me.
Like, let me introduce you to the original SJW, a little know fella named idk, Gene Roddenberry.
They’re not really right wing. Very suburban, sheltered and privileged, but I’ve never heard them talk politics. I can say extra privileged because one of them wanted to put an Battlefield sound board in their car. Sure, that’s what you want. Making it easy to accidentally make the sounds of gunfire if you ever get pulled over by a cop because your taillight is out.
As far as star trek goes, they’re rather talk about the power output of the phasers then character arcs. They’re very basic.
A little misplaced anger can go a long way!
Just to cover all bases. Maybe you’re just too late due to your brainwashing making you not realize how delusional you are? But of course that’s not the case, because you’re the Super Smartest Guy™, and everyone else is so stupid to not understand your true genius.
Congrats… I guess?
You chose to make this post here, in the defense of religious bigotry. Somehow, something about this vague post was enough to trigger the reply you wrote.
Congrats. No guesses, you achieved exactly what you wanted: Everyone knows you’re an idiot.
Do you know this person or do you just act like a half coherent smug weirdo at random?
Sucks, sorry about that. Not many real friends in life, sadly.
Was it the crypto mlm or just regular crypto?
I don’t believe there to be much of a difference.
The tech is quite interesting imo.
Unfortunately the same can’t be said for those reaching out to talk about it.
One of my favorite things said about crypto by famous german hacker Linus Neumann about crypto was something like: They where so obsessed with whether they could make digital money work, and the technical is super smart. But they forgot to think about if they should.
I think the concept is solid, personally. I’ve had a lot of issues with international payments and just not having that is already appealing. Not to mention some countries still somehow deal in cash?
In theory. But then real life happens:
- You may not always have interner and power but need goods
- You may send money to the wrong wallet -> gone forever (doesn’t even have to be yout fault, great target for man in the middle attacks)
- You may forget your passphrase or your grandpa dies and you inherit nothing as nobody can access the money
- You want to pay in you supermarket. Great you have to wait till you transaction gets processed as this is super slow. And wait until many more people use this currency.
- It’s pseudonymous not anonymous. Everyone you send money and know in real life knows about your financials in detail 👌🏻
Macro things:
- It’s great to freeze assets of people who are shit
- It’s great to be able to control the amount of money in the system to counter crisis or just keep the economy healthy
- It’s great when people pay taxes
- Fixed amount of coins means deflation in the long run and deflating economies die faster than you can blink
- Proof of Work burns our world and Proof of Stake is oligarchy. Today the distribution of most coins is worse then normal currencies. (Richest have almost everything)
FUD. FUD. FUD.
“You may not always have interner and power but need goods”
^^ Credit/debit cards have this same problem. Besides, when was the last time you didn’t have your cell phone with you and had to pay in actual cash?
“You may send money to the wrong wallet -> gone forever (doesn’t even have to be yout fault, great target for man in the middle attacks)”
^^ Ok fair. But most exchanges in the future will probably support some degree of transaction reversibility. Most people will not self-custody but will instead use a bank, exchange, etc to help “soften” the experience of using crypto.
“You may forget your passphrase or your grandpa dies and you inherit nothing as nobody can access the money”
^^ There are many solutions to this problem including social recovery, keeping backups, or trusting a third-party custodian like an exchange or in the future banks will probably help manage your crypto assets.
“You want to pay in you supermarket. Great you have to wait till you transaction gets processed as this is super slow. And wait until many more people use this currency.”
^^ You know how long a credit card transaction takes to fully settle? 30 days. Any vendor is just going to accept a one-confirmation transaction which occurs in seconds if not picoseconds. This is really not an issue unless you are buying a house. If you are buying a house, you can wait 30 minutes for a full multi-block confirmation.
“It’s pseudonymous not anonymous. Everyone you send money and know in real life knows about your financials in detail 👌🏻”
^^ Monero and other privacy-respecting cryptos solved this, and there is talk of adding more privacy to Bitcoin.
“It’s great to freeze assets of people who are shit”
^^ You can still have court orders to seize all their money and assets, their house, their car, etc the only thing you arguably lose access to is their bank account. People with enough assets to justify seizing their bank account usually have somebody else manage their assets, that somebody else can be compelled with a court order.
“It’s great to be able to control the amount of money in the system to counter crisis or just keep the economy healthy”
^^ If you believe this is true you should know that blockchains can make their own economic policy. They can set the inflation rate and redistribute wealth however they like, some of them even have their own on-chain voting mechanisms to automate this. The difference is who gets to make those decisions: the participants of the network or some oligarch hack who finds it politically expedient?
“It’s great when people pay taxes”
^^ Crypto is not immune to taxes, you have to pay taxes on it like all other assets and foreign currency. Taxation works exactly the same.
“Fixed amount of coins means deflation in the long run and deflating economies die faster than you can blink”
^^ Only a few coins have a fixed amount, many have a built-in inflation rate. Land is a fixed asset. Diamonds are a fixed supply asset. Are they destroying the economy?
^^ Proof of Work burns our world and Proof of Stake is oligarchy. Today the distribution of most coins is worse then normal currencies.
Proof-of-stake has many varieties, not all of which inherently end in oligarchy. Even those are infinitely more democratic than our current financial system. PoW typically uses green energy sources as they are the cheapest and can be used to balance energy demand curves. The root problem is not that PoW uses energy, but where that energy comes from. Some PoW coins require “proof of useful work”.
Is crypto the male MLM?
Can you buy drugs and launder money via protein bars or some shit like that?
I’m confident you can.
pretty much exactly
“Monero” is being peddled in this thread.
I have to admire the persistence and endurance of crypto bros tbh. One million scams in a row and they still legitimately fool themselves into thinking number one million and one is the redeemer of humanity and not yet another scam.
That or they are full of shit con artists lying through their teeth who know it’s a scam but want to profit off it.
At this point it’s like 50:50
damn I didn’t know that they turned into the male equivalent of MLM boss babes
NFT Boss Bros
I’m so old, I remember when instead of “crypto” it was “Amway”.
First it was Amway, then Tupperware, sheets, candles, and spices. My sister has gone through quite a few of these MLM schemes.
Went to school for graphic design and I’m now a hobbyist illustrator (though currently very out of practice). Had an old co-worker reach out to check in on me given the pandemic, felt nice until he asked if I would help him design NFT artwork.
“NFTs will protect artists!”
You can’t name a single court case where nft receipts won the case, but it’s very easy to find nft bros minting other people’s work.
I’d say sure thing, so long as payment is upfront
Usually when an old acquaintance reaches out to me on Facebook it’s to sell me a “job opportunity”.
Maybe his account was hacked? One of my friend’s Instagram account was hacked and was sending messages to invest money. Another friend really thought it was him and sent some money. If he contacted you directly then it’s another case
I had this happen but instead on our second hang out he started spouting enlightened centrist talking points and quoting Rogan. I remember him wondering why no one showed up to his birthday.
Is this a thing that actually happens?
what if its Monero?
What if it’s this one good-one-grift over the other trashy grifts?
It’s like asking “what if it’s the good one billionaire” that still preys upon everyone else but has a better PR team to hide the bodies.
But unlike billionaire this is actually verifiable, and it even got the “stamp of approval” by the feds when they offered 600M for those who can crack it
