Its the same with the S&P500. Altho legal.
There will be trouble ahead wherever your money is unless its in over valued properties as people always need somewhere to live
Its the same with the S&P500. Altho legal.
I'm merely pointing out it happens in the financial world all the time. Lots of con men selling worthless pensions and investments but still legal.Sundayjumper wrote: ↑Fri Feb 18, 2022 11:28 am
This is something that really perplexes me, the way that fraud is simply accepted as normal in the crypto space. Rug pulls and pump & dump are openly discussed and even encouraged. In a system that's supposed to be better and fairer than the traditional finance model ! And any criticism of this is met with a shrug and a "well, those guys <points at fiat currencies> have fraud too" as if that means it's all OK.
And that was the other takeaway from that video. For the crypto-pushers, their beef with capitalism isn't that it's an all-round bad system, it's that they weren't the ones at the top of it. They weren't the boot.
The benefits of Bitcoin? Plenty. As above do your research
All my research talks about the benefits of Bitcoin when it's used to buy stuff - usually talking about international payments, anonymity, etc...Broccers wrote: ↑Fri Feb 18, 2022 1:24 pmThe benefits of Bitcoin? Plenty. As above do your research
My honest take on Bitcoin tho there is a limited supply. People will lose / die / forget about their wallets thus reducing the availability further. It's in its infancy so 250k per coin in 3 years isnt fantasy. More countries are using it
Now if you want to talk about jokey shit coins where they blatantly are a rip off then they are not the same thing.
It really is quite hilarious, isn’t it ? brocco thinks he’s clever by calling out COVID as a conspiracy to control people, yet has been utterly duped by the cult of bitcoin - which also exists to control people by taking their money and concentrating it even further into the pockets of the already wealthy.
i started typing that as a piss-take, then I reasoned it actually wasn't!Sundayjumper wrote: ↑Fri Feb 18, 2022 1:42 pmIt really is quite hilarious, isn’t it ? brocco thinks he’s clever by calling out COVID as a conspiracy to control people, yet has been utterly duped by the cult of bitcoin - which also exists to control people by taking their money and concentrating it even further into the pockets of the already wealthy.
So I personally haven't but the person I know who has that Hyperfund has a card that allows him to draw on his crypto through the exchange, convert it to Sterling and spend it. I've been there when his purchased things using the card and I believe he's paid for a holiday with it too.Rich B wrote: ↑Fri Feb 18, 2022 1:35 pmAll my research talks about the benefits of Bitcoin when it's used to buy stuff - usually talking about international payments, anonymity, etc...Broccers wrote: ↑Fri Feb 18, 2022 1:24 pmThe benefits of Bitcoin? Plenty. As above do your research
My honest take on Bitcoin tho there is a limited supply. People will lose / die / forget about their wallets thus reducing the availability further. It's in its infancy so 250k per coin in 3 years isnt fantasy. More countries are using it
Now if you want to talk about jokey shit coins where they blatantly are a rip off then they are not the same thing.
How many things have you paid for using your Bitcoin?
Its not my job to educate people here, just give you guidance.Sundayjumper wrote: ↑Fri Feb 18, 2022 1:51 pmYou know another thing with a limited supply ? Suckers willing to buy into Bitcoin
converting it to Sterling? That's not buying with Bitcoin.drcarlos wrote: ↑Fri Feb 18, 2022 1:55 pmSo I personally haven't but the person I know who has that Hyperfund has a card that allows him to draw on his crypto through the exchange, convert it to Sterling and spend it. I've been there when his purchased things using the card and I believe he's paid for a holiday with it too.Rich B wrote: ↑Fri Feb 18, 2022 1:35 pmAll my research talks about the benefits of Bitcoin when it's used to buy stuff - usually talking about international payments, anonymity, etc...Broccers wrote: ↑Fri Feb 18, 2022 1:24 pm
The benefits of Bitcoin? Plenty. As above do your research
My honest take on Bitcoin tho there is a limited supply. People will lose / die / forget about their wallets thus reducing the availability further. It's in its infancy so 250k per coin in 3 years isnt fantasy. More countries are using it
Now if you want to talk about jokey shit coins where they blatantly are a rip off then they are not the same thing.
How many things have you paid for using your Bitcoin?
That said I still think it's a Ponzi scheme and he could be onto a hiding if/when it all collapses and I won't invest in it myself.
And in another direct parallel to bitcoin, that toast transaction produced nauseating waste as a by-productSundayjumper wrote: ↑Fri Feb 18, 2022 2:30 pm In the same way, I used a piece of toast to pay my mortgage.
It’s as simple as eating the toast, converting it to energy, using the energy to do my job, exchanging that energy for sterling that I pass to the mortgage company.