RobAnybody
Emperor
- Joined
- Feb 21, 2009
- Messages
- 1,952
True, so is copper.
So... exactly the same as the people that sold Beanie Babies as an "investment"?
I mean, I guess maybe it just comes down to: we are using the term "scam" differently? I mean it as "snake oil" - something the seller knows, at the time, is both worthless & never gonna return any value. However, an investment, even a speculative one, that just... doesn't pan out, is not what *I* mean by the term "scam". Not saying my perception is correct, just maybe different?
EDIT: Like, let's take Microsoft Zune - their attempt at a competitor to iPods. That was an utter failure. But not a scam. They *thought* it would succeed. The intent was to succeed. But it didn't. Total fail. That's how I view most crypto. The people who advanced it thought it was a good idea. It just... wasn't. C'est la vie.
EDIT: Like, let's take Microsoft Zune - their attempt at a competitor to iPods. That was an utter failure. But not a scam. They *thought* it would succeed. The intent was to succeed. But it didn't. Total fail. That's how I view most crypto. The people who advanced it thought it was a good idea. It just... wasn't. C'est la vie.
I simply disagree. He knew all along he was scamming people. Microsoft's Zune developers didn't know that. They thought they were launching a competitor to iPods. They just... failed.
Also you won the cfc stock trading competition buying goldI wouldn’t recommend gold as an investment, but it does have the two advantages over crypto in that it’s (a.) not a pyramid scheme and (b.) can’t just oops disappear.
I have no idea who that is (maybe I should, & am ok with a: "you should!" criticism). If you wanna link me to a something, I'm absolutely open to the idea that some individual was scamming people using crypto as the scam. But even if I read your link & absolutely agree with you re: this specific person was a scammer (which, again, I'm open to doing - post the link), I probably (? maybe? dunno yet?) won't change my mind that the whole concept of crypto is a scam. I might, just saying.
Crypto collapses have become par for the course. But even for an industry known for its volatility, the downfall of SBF came as a cascade of cold water. Bankman-Fried, after all, was supposed to be crypto’s good-guy wunderkind, the pro-regulation prophet who would finally lead crypto into the mainstream. Indeed, SBF put particular emphasis on the idea that you could trust his exchange in an industry notorious for its gamblers and grifters; as if to make that message even clearer, FTX paid to sponsor MLB’s umpires—those supposed arbiters of truth and fairness—as opposed to its players. In an article that has since been erased from the internet, the venture-capital firm Sequoia hailed SBF as a surefire “future trillionaire,” in part thanks to the scale of his vision for a future where trading bitcoin is as easy and popular as shopping on Amazon.
Imagine your debit card suddenly stopped working because the executives at your bank were out making high-risk trades with your money while you were trying to pay for groceries—that’s roughly analogous to what Bankman-Fried is accused of pulling off. (Bankman-Fried did not respond to a request for comment.)
Oh, good lord. You went somewhere I did not expect you to go & that I don't want to go. Y'all have at this.Now, you say that you won't admit crypto itself is a scam even if everyone who was actually in the crypto sector was a scammer, fine, I understand the distinction you're trying to draw. What I'm telling you is that crypto's only actual utility (aside from buying child prostitutes and illegal drugs, for which cash is better anyway) is to scam people. That's it!
Apple!Also you won the cfc stock trading competition buying gold
Also, I will have you know that my Transformers are so much better than your Beanie Babies!! (just kidding, of course) To this day, the only gun I have ever owned is a Walther P38 that transforms into Megatron.
I mean, I guess maybe it just comes down to: we are using the term "scam" differently? I mean it as "snake oil" - something the seller knows, at the time, is both worthless & never gonna return any value. However, an investment, even a speculative one, that just... doesn't pan out, is not what *I* mean by the term "scam". Not saying my perception is correct, just maybe different?
Like any other investment there were marks & were those who took advantage of those marks.Crypto is all a scam. If you can't see this, you are a mark.
I don't see how a crypto would ever plateau. If it stops growing eventually people cash out to spend real money on real things. Without growth whats the point (unless you're trying to hide capital for tax reasons which is probably the main reason these markets still exist)?In principle the value of cryptocurrencies might simply plateau rather than collapsing
I could not comment on prostitution, but monero has some advantages over cash. Not having to be in the same room for one.aside from buying child prostitutes and illegal drugs, for which cash is better anyway
Well, as long as the whatever includes above then some do.Nobody buys bitcoin because they think it's a handy way to pay for groceries, or their rent, or whatever.