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re: This person might have a point about crypto

Posted on 2/14/22 at 9:44 pm to
Posted by Flashback
reading the chicken bones
Member since Apr 2008
8339 posts
Posted on 2/14/22 at 9:44 pm to
I invest in can foods buried in undisclosed locations.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11195 posts
Posted on 2/14/22 at 9:57 pm to
I’m 31 bitch
Posted by Jack Daniel
In the bottle
Member since Feb 2013
25555 posts
Posted on 2/14/22 at 10:16 pm to
This is actually a pretty good opinion. Crypto currency is literally nothing
This post was edited on 2/14/22 at 10:54 pm
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73037 posts
Posted on 2/14/22 at 10:23 pm to
quote:

Im still in the camp of Dan Pena


that is one unfiltered badass mfer.

LINK

Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74272 posts
Posted on 2/14/22 at 10:25 pm to
Check his youtube rant on London Real about Climate Change

One of the all time greatest take downs
Posted by Jjdoc
Cali
Member since Mar 2016
53502 posts
Posted on 2/14/22 at 10:28 pm to
quote:

People do all kinds of things. Some sell, some swing trade, some just keep accumulating. In fact the vast majority of BTC is not on the market to be sold. Most of the purchased BTC is taken off the exchanges and held by investors.




I get paid in BTC everyday
Posted by Jjdoc
Cali
Member since Mar 2016
53502 posts
Posted on 2/14/22 at 10:29 pm to
quote:

This is actually a pretty good opinion. Crypto currently is literally nothing


And if the Gov wanted it, they can get it or crush it and I DARE anybody on here to say there is noway to stop it.


Posted by Tantal
Member since Sep 2012
14132 posts
Posted on 2/14/22 at 10:33 pm to
I don't understand crypto, so I have properties, gold, silver, cash, guns, and lead (ammo). I hope that's all I'll need. If not, I have the skills to become a Warlord in the New World Order.
This post was edited on 2/14/22 at 10:39 pm
Posted by deathvalleytiger10
Member since Sep 2009
7612 posts
Posted on 2/14/22 at 10:33 pm to
If my bank account or TD Ameritrade account is hacked, I can get relief.

If my Bitcoin account is hacked, who do I call, and would it matter?
Posted by LordSaintly
Member since Dec 2005
38954 posts
Posted on 2/14/22 at 10:36 pm to
quote:

If my Bitcoin account is hacked, who do I call, and would it matter?


If your money is hacked from an exchange you MAY be fine if it's Coinbase or one of the larger exchanges.

If your money is drained from your wallet then your money is gone. This is pretty much only possible if someone gets access to your seed phrase or private keys (which should you should never give out).
This post was edited on 2/14/22 at 10:37 pm
Posted by WhiteMandingo
Member since Jan 2016
5640 posts
Posted on 2/14/22 at 10:42 pm to
Can you explain the mining to me. I hear about it but have no idea what it means. Also explain it as if you would a kindergartner. I have associates who are into crypto yet they cannot truly explain the mining process.
Posted by they call me horse
Member since Jan 2022
362 posts
Posted on 2/14/22 at 10:43 pm to
He's an idiot.

The only thing he mines for is buggers in his nose.
Posted by LordSaintly
Member since Dec 2005
38954 posts
Posted on 2/14/22 at 10:56 pm to
quote:

Can you explain the mining to me. I hear about it but have no idea what it means. Also explain it as if you would a kindergartner. I have associates who are into crypto yet they cannot truly explain the mining process.




This is a really good video that explains the process simply.

Whiteboard Crypto video on Proof of Work
Posted by APHA
Corpus Christi
Member since Mar 2013
332 posts
Posted on 2/14/22 at 11:31 pm to
What asset which you own can the government take from you when they choose to? Answer: Everything you own; land, home, cars, bank accounts, and all other physical assets. Forgive me all except one, BTC.
Boomer here that has been trading and hodling since 2014.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 2/14/22 at 11:32 pm to
quote:

Yeah I don’t buy it. The govt will get their hands on it if they already don’t. Or some genius scammer.


Or the creator uses the “backdoor” they put in the code to take it or maybe just make it all vanish for the fun of it.
Posted by Monahans
Member since Sep 2019
1250 posts
Posted on 2/14/22 at 11:35 pm to
quote:

What asset which you own can the government take from you when they choose to? Answer: Everything you own; land, home, cars, bank accounts, and all other physical assets. Forgive me all except one, BTC.
Boomer here that has been trading and hodling since 2014.

Why cant they just take the internet from you altogether?
Posted by Pendulum
Member since Jan 2009
7057 posts
Posted on 2/14/22 at 11:59 pm to
Has there ever been an asset class before where people who don't dabble in in it or understand it are this paranoid and obsessed with trashing it?

It's fascinating to me. And I'm not just targeting this thread, everytime btc dips more than 10%, there's threads on money board boasting about how its dead and was always retarded and everyone should have known. If you don't see value in it than who cares, it's only absorbing "printed money" from the current system in that case right? Should be a net positive for the people who aren't in it in that case right?
This post was edited on 2/15/22 at 12:05 am
Posted by AMS
Member since Apr 2016
6498 posts
Posted on 2/15/22 at 12:07 am to
quote:

And if the Gov wanted it, they can get it or crush it and I DARE anybody on here to say there is noway to stop it.



the gov didnt recover the entire ransom from the pipeline hack. seems really strange to believe the gov could fully shut all of crypto down when crypto ransomers are already getting away with some of the ransom.
Posted by TigerDeBaiter
Member since Dec 2010
10268 posts
Posted on 2/15/22 at 3:40 am to
Ok. Fair point on crypto.

But crypto =/= bitcoin.
Posted by Dominus5150
Member since Aug 2020
357 posts
Posted on 2/15/22 at 4:37 am to
quote:

It's fascinating to me. And I'm not just targeting this thread, everytime btc dips more than 10%, there's threads on money board boasting about how its dead and was always retarded and everyone should have known


Just watch this one minute video by Michael Saylor if you want some hard facts.

LINK
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