Dogecoin etc

[McSwede]

https://www.bbc.co.uk/news/business-60328375

Big crypto purchase

"about the weight of a banana". Love that

[Gavster]

https://www.bbc.co.uk/news/world-us-canada-60310783

120,000 stolen bitcoin recovered in US. Stolen in 2016 when worth $71m, now worth $5 billion. Wonder if it will affect prices

They clearly bought enough coke with their winnings to think that pursuing a rap career was a good idea

https://www.dailymail.co.uk/video/news/ ... Video.html

[Carlos]

https://www.bbc.co.uk/news/business-60328375

Big crypto purchase

"about the weight of a banana". Love that

I would imagine Sotheby's Money Laundering Officer has had a stroke trying to deal with that !

[V8Granite]

Pah, someone bought $43,000,000 Shib last year and I think someone else spent $110,000,000 on some in Jan.

Dave!

[nuttinnew]

https://www.bbc.co.uk/news/world-us-canada-60310783

120,000 stolen bitcoin recovered in US. Stolen in 2016 when worth $71m, now worth $5 billion. Wonder if it will affect prices

They clearly bought enough coke with their winnings to think that pursuing a rap career was a good idea

https://www.dailymail.co.uk/video/news/ ... Video.html

[Sundayjumper]

Pah, someone bought $43,000,000 Shib last year and I think someone else spent $110,000,000 on some in Jan.

Dave!

In ACTUAL CASH or in exchange for other crypto with "value equivalent to" $<x> ? I'd imagine there's a pretty big difference.

[V8Granite]

Actual cash money in 1 but with Ethereum in the big swap I believe.

Dave!

[Carlos]

Placement>layering>integration in plain sight.

[ZedLeg]

[Simon]

[Sundayjumper]

Mostly nicked from further down that thread:

Story synopsis: extremely unstable assets in a free for all market that is 95% scam and grift sold to regular humans as valuable secure investments by celebs on tv

Story ending: and everybody lived happily ever after


It's a really cute fairy tale

[Simon]

[nuttinnew]

Honest Ads, much excellence







and from watching Cameralla;

[Jobbo]

Saw this on PH and it amused me. Apparently there seems to be consensus on there that NFT art is worthless - and there are plenty of people bigging up crypto generally.

[Beany]

For a longer, more detailed (and I mean detailed) explanation of why NFTs are shite, and crypto broadly is stupid, here's a 2hr+ vid from folding ideas



I started watching it quite late the other night and fell asleep (woops), but what I heard up to that point seemed technically accurate and perfectly plausible.

[Sundayjumper]

I just started watching that. Very good so far.

[Sundayjumper]

I have just finished watching it. Really, really good. So much work went into that. Big takeaway:


"The one market crypto has successfully disrupted is Fraud. Think of it this way: A big population of people have self identified that they have substantial disposable income, poor judgment, low social literacy, a high tolerance for non sensical risk and are highly persuadable."

[Jobbo]

I have just finished watching it. Really, really good. So much work went into that. Big takeaway:


"The one market crypto has successfully disrupted is Fraud. Think of it this way: A big population of people have self identified that they have substantial disposable income, poor judgment, low social literacy, a high tolerance for non sensical risk and are highly persuadable."

I laughed, but it’s sounds totally plausible. Fraudsters are bound to go for the easier wins and least risk; it’s perfect.

[Broccers]

There is a lot of fraud in crypto, true.

To say its all a massive fraud is incorrect. You could say devaluing fiat by printing shit loads is fraud too, it really actually is.

[ZedLeg]

At this point it’s at best a pyramid scheme. Needs to constantly pull in suckers at the bottom so the folk at the top can cash out.