Crapto Collapse

Discussion in 'Digital Currencies' started by Michael Kay, Nov 14, 2022.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Lol, fraudster slagging off ESG, how ironic. o_O

    It may well be BS but it impacts corporate governance and planning and can't be dismissed by shareholders.
     
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  2. dozerz

    dozerz Well-Known Member Silver Stacker

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    Real $, leo25, heartastack and 2 others like this.
  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    Came across as the average autistic reddit user. Not that autism is anything to joke about, but these people are very susceptible to their own delusions of comfort, amplified by those strictly moderated echo chambers.
     
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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    When rich mum and dad tell you you are a success, and all their rich mates want to throw you money, it's very easy to live the delusion of thinking youre not a giant fraud scammer
     
    Last edited: Dec 1, 2022
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  5. leo25

    leo25 Well-Known Member Silver Stacker

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    Sam is not in any delusion thinking he is not a scammer, he knows he is. That's why he is hiding out in the Bahamas.

    His parents are left-winger lawyers and professors at Stanford Law School, so you can conclude they are scammers too and that Sam was groomed by them.
     
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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    Haha the Greta of crypto
     
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  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I honestly saw SBF as the Greta Thurnberg of crypto but perhaps @leo25 is right. Regardless it doesn't absolve him of any guilt. He is an adult and I hope he gets jail time.
     
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  8. TreasureHunter

    TreasureHunter Well-Known Member

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    A plethora of these "crypto geniuses" are low functioning tricksters with high IT/coding skills. Nobody understands what they're doing, so they package it nicely and make big sales.

    This type of technical fraud is the new thing of the century. Most cryptos are ponzi schemes. This is why I never believed in this entire phenomenon.

    These people have strong IT/coding skills and make us all believe they're the "new Bill Gates' " of the 21st century.
    Most of what they do has NO REAL UTILITY, it's pseudo falsehood packaged in a technical haze.

    In fact, a large number of cryptos might have jibberish code behind them, because we don't understand how it really works. We are getting fooled. They are selling beautiful stories and create attractive logos. The marketing is hallucinating.


    I remember a computer nerd in my highschool. Everyone believed he's some superphenomenon, but besides having good grades, all he did was talk "smart technicalish" and everyone believed he's Einstein.
    He lived on fooling people. And they admired him with the jaw open.

    These people fool perceptions and live out their image.


    Haven't you noticed a pattern?

    Normal person would say: "Cook a donut in an oil oven"

    Technical IT fraudster would say: "By transcending and in parallel also elevating the theory of the graphical representation of this meal-product, we proceed with step one of mixing the biodegradable ingredients, as shown on the graph and, according to the technical representations. All these ingredients are carbohydrates. We will proceed to submerge the newly created sphere or torus (because theoretically a donut might also take the shape of a torus, just like a parallel universe). After sumberging it into the 200 degree-hot bio-oil, empirically we can say that it has reached the desired temperature. But only following this phase is the donut ready for human (or animal) consumption."

    THIS IS WHY MOST CRAPTO IS BULLSH*T
     
  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Its all totally believable to me except the thing i cant get over was how a billionaire has a girlfriend that repulsive.
    Im having a hard time grasping that part.

    Maybe a horse kicked her in the face when she was little i have no idea. Now im bashing handicaps haha.
     
    Last edited: Dec 2, 2022
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  10. TreasureHunter

    TreasureHunter Well-Known Member

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    True. A bunch of rich dudes walk around with witches, not actresses or supermodels.
     
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  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Girls like that we call 3 baggers.
    One bag on your head, one bag on hers and one for the dog so he doesnt laugh at you in the morning.
     
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  12. TreasureHunter

    TreasureHunter Well-Known Member

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    ECB declares "Bitcoin irrelevancy":

     
  13. inmizu

    inmizu Active Member

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  14. inmizu

    inmizu Active Member

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    LAST DAY TO GET YOUR GUESSES IN:

    Christmas-Day-Bitcoin-Price-Guessing Competition. Since 2014. Post your bids. The prize is kudos. You can change your bids. Guesses close on Dec. 10
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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  16. TreasureHunter

    TreasureHunter Well-Known Member

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    + invests all of his saved money in Celsius, HEX, Shiba Inu and DogeCoin :p
     
  17. TreasureHunter

    TreasureHunter Well-Known Member

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    Crypto just a "decentralized ponzi scheme"?



    Indeed, there is no real economic utility to crypto. And there are too many cryptos, all of them are poker chips.
     
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  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Cryptards always trying to reinvent the wheel while sounding dumb as fk.
     
  19. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    They make it sound too sophisticated and technically I still barely understand. It seems like all cryptos have their own rules and only serve to make their creators rich.

    They have no concrete economic use. And because they keep crashing, they are not currencies. They're not assets, nor shares.

    But, we'll see what 2023 brings. I wouldn't be surprised to see more spikes. I just can't imagine these toys becoming real currencies. Michael Saylor must be hiding in his cave.
     
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  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Yeah Saylor the guru is averaged in at $30,664 per coin but dont question it. Hes much smarter than anyone else.
     
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