Cryptocurrency....the future...are you in?

[Doc]

1 hour ago, Warcodered said:

 

I'm assuming there is a way to verify that you have the original NFT and not a copy.  Like artwork.

[Warcodered]

 

[Warcodered]

 

 

[Augie]

I’m not adding to some Russian oligarch’s gazillions. I have better charities in mind. 

 

I’d rather send money to St Jude Children’s Hospital. I trust that to make the world better. 

 

.

Edited February 7, 2022 by Augie

[John Adams]

On 12/26/2021 at 12:02 PM, TwistofFate said:

Crypto is shaping up to be the future of finance.  What are you all holding and investing in?  Metapets is the hot mover right now.

Update on meta pets? Or did you dump it like everyone else seems to have done?

 

Is OTW now a pump and dump posting board like the old Yahoo stock boards? 

[stuvian]

Beanie babies or bust

[Warcodered]

34 minutes ago, stuvian said:

Beanie babies or bust

Actually owning something that physically exists is so last century.

[stuvian]

Just now, Warcodered said:

Actually owning something that physically exists is so last century.

that's why I live in a homeless encampment

[John Adams]

On 12/26/2021 at 12:02 PM, TwistofFate said:

Crypto is shaping up to be the future of finance.  What are you all holding and investing in?  Metapets is the hot mover right now.

 

I do want to commend you on your timing here. This post coincided almost perfectly with the peak for Metapets. 

 

Now that it's lost 75% of its value in 6 weeks, you still long? 

[Big Turk]

Trading Crytpo future contracts is the way to go...don't care what direction the market goes. Short when it goes down, long when it goes up.  Print money in both directions.

[Teddy KGB]

You guys all broke yet ? 
 

send me 100k.    I’ve got cryptowalnuts for sale 

[Hapless Bills Fan]

On 12/26/2021 at 11:02 AM, TwistofFate said:

Crypto is shaping up to be the future of finance.  What are you all holding and investing in?  Metapets is the hot mover right now.

 

https://www.jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization?fbclid=IwAR37NQkiA_syA5iQjFjAfIxIN7RRbVJi7IV-NNFgShsdscu02SqGYGZph_M

 

Quote

Cryptocurrency is a scam.

All of it, full stop — not just the latest pump-and-dump “shitcoin” schemes, in which fraudsters hype a little-known cryptocurrency before dumping it in unison, or “rug pulls,” in which a new cryptocurrency’s developers abandon the project and run off with investor funds. All cryptocurrency and the industry as a whole are built atop market manipulation without which they could not exist at scale.

 

https://www.wsj.com/articles/nfts-cryptocurrencies-and-web3-are-multilevel-marketing-schemes-for-a-new-generation-11645246824

 

[Ridgewaycynic2013]

At least years ago you could storm Charlie Ponzi's storefront, and put the boots to him.  Now the scammer could be anywhere.

[Warcodered]

4 hours ago, Hapless Bills Fan said:

 

https://www.jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization?fbclid=IwAR37NQkiA_syA5iQjFjAfIxIN7RRbVJi7IV-NNFgShsdscu02SqGYGZph_M

 

 

https://www.wsj.com/articles/nfts-cryptocurrencies-and-web3-are-multilevel-marketing-schemes-for-a-new-generation-11645246824

 

I always kind of thought maybe Bitcoin would make it because the idea of a global digital currency made a certain amount of sense to me, though as more and more people made their own it seemed less likely to succeed. But this just seems like they're fundamentally flawed/poorly designed, though I get the idea of mining leads people to assigning the value that they need for it to work.

[Hapless Bills Fan]

18 minutes ago, Warcodered said:

I always kind of thought maybe Bitcoin would make it because the idea of a global digital currency made a certain amount of sense to me, though as more and more people made their own it seemed less likely to succeed. But this just seems like they're fundamentally flawed/poorly designed, though I get the idea of mining leads people to assigning the value that they need for it to work.

 

Global digital currency 100% makes sense, but how people are investing/trying to make money is kind of independent of the idea of gov't supported currency?

 

[Augie]

7 hours ago, Hapless Bills Fan said:

 

https://www.jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization?fbclid=IwAR37NQkiA_syA5iQjFjAfIxIN7RRbVJi7IV-NNFgShsdscu02SqGYGZph_M

 

 

https://www.wsj.com/articles/nfts-cryptocurrencies-and-web3-are-multilevel-marketing-schemes-for-a-new-generation-11645246824

 

 

During the last housing boom/bust, the regulators would send people to investigate. I remember an interview where one guy said something like “if they sent anybody in who actually understood what was happening, we had to hire them”. It was too complicated for almost anyone to decipher, but at least there WERE regulators. 

[TwistofFate]

On 2/20/2022 at 1:52 PM, Hapless Bills Fan said:

 

Global digital currency 100% makes sense, but how people are investing/trying to make money is kind of independent of the idea of gov't supported currency?

 

As of now USA looks at crypto as property, not currency, and taxed as such. 

 

I've made 50k dollars since the beginning of this year in crypto.  I've cashed out none, and expect my gains to more than quadruple in the next several months. 

 

I'm mainly invested in blockchain technology at this point, with a few metaverse projects in my portfolio. 

 

It seems as though in the very near future the federal reserve will actually unveil their own digital dollar, which will be used as a stable coin with some amount of apy attached to it to make it attractive to hold. 

[TwistofFate]

On 2/20/2022 at 9:18 AM, Hapless Bills Fan said:

 

https://www.jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization?fbclid=IwAR37NQkiA_syA5iQjFjAfIxIN7RRbVJi7IV-NNFgShsdscu02SqGYGZph_M

 

 

https://www.wsj.com/articles/nfts-cryptocurrencies-and-web3-are-multilevel-marketing-schemes-for-a-new-generation-11645246824

 

Too funny.  Crypto is the future.  Much in those articles is inaccurate. Big banks and government hate crypto because they can't control it.  Countries and people can't be held hostage or raped and pillaged by big financiers.

 

The value of crypto is exactly what people deem it to be. 

 

Funny how those articles claim crypto has zero value, yet here we are on the daily walking around with paper in our pockets pretending it has value, or a plastic card we swipe in a machine and hit a couple buttons and digits move on a screen and we pretend it has value. 

 

Defi is an unstoppable force that gives people the power over money, not wealthy bankers who have rigged the game long ago.  They know it and they hate it. 

[Warcodered]

 

[TBBills]

15 hours ago, TwistofFate said:

Too funny.  Crypto is the future.  Much in those articles is inaccurate. Big banks and government hate crypto because they can't control it.  Countries and people can't be held hostage or raped and pillaged by big financiers.

 

The value of crypto is exactly what people deem it to be. 

 

Funny how those articles claim crypto has zero value, yet here we are on the daily walking around with paper in our pockets pretending it has value, or a plastic card we swipe in a machine and hit a couple buttons and digits move on a screen and we pretend it has value. 

 

Defi is an unstoppable force that gives people the power over money, not wealthy bankers who have rigged the game long ago.  They know it and they hate it. 

Well that is slowly changing they are starting to now find way of controlling it. They will learn it will actually be easier to do. Most of the crypto wealth is held by the wealthy already.

Edited March 21, 2022 by TBBills