Home | Community | Message Board


This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Kraken Kratom Red Vein Kratom   Unfolding Nature Unfolding Nature: Being in the Implicate Order

Jump to first unread post Pages: < Back | 1 | 2 | 3 | 4 | 5 | Next >  [ show all ]
Invisiblenooneman
Male

Registered: 04/24/09
Posts: 14,555
Loc: Utah
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: Northerner]
    #27774946 - 05/13/22 01:38 AM (1 year, 8 months ago)

Quote:

Northerner said:
There is no utilitarian use



Oh but sir, I kindly beg to differ! Why, without crypto, how else would we buy LSD?
:smilingpuppy:

But yeah, you're right, it's only really good for buying drugs. But that's an important purpose! Still, it's lack of real use is why I didn't invest when it was at $30, that seemed like an enormous price relative to the dollar to me at the time, and I couldn't figure out why it could possibly be worth that much.


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: koods]
    #27774948 - 05/13/22 01:39 AM (1 year, 8 months ago)

Quote:

koods said:
The dollar is trading at a 20 year high




If it is then it is a shame I am seemingly able to buy less and less with a dollar.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: nooneman]
    #27774949 - 05/13/22 01:40 AM (1 year, 8 months ago)

Quote:

nooneman said:
Quote:

Northerner said:
There is no utilitarian use



Oh but sir, I kindly beg to differ! Why, without crypto, how else would we buy LSD?
:smilingpuppy:

But yeah, you're right, it's only really good for buying drugs. But that's an important purpose! Still, it's lack of real use is why I didn't invest when it was at $30, that seemed like an enormous price relative to the dollar to me at the time, and I couldn't figure out why it could possibly be worth that much.





Russia and other countries, terrorists etc use it to skirt the US global controls. This creates core unstoppable value to it as moneys value comes from consensus.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Extras: Filter Print Post Top
Invisiblenooneman
Male

Registered: 04/24/09
Posts: 14,555
Loc: Utah
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774952 - 05/13/22 01:42 AM (1 year, 8 months ago)

That's a good point. Things are worth whatever people will pay for them. As long as the value is perceived to be a certain thing, it is that thing. Like you say, value comes from consensus.


Extras: Filter Print Post Top
Offlinekoods
Ribbit
Male User Gallery


Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 16 minutes, 38 seconds
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774955 - 05/13/22 01:45 AM (1 year, 8 months ago)

Those are the ones that are almost certainly fraud. Where is the income coming from to pay those dividends. How do coin operators earn 20%, for example? Loans that earn that much are probably high risk. When the market hits a rough patch and the borrowers default, the coin goes bankrupt. In reality, those coins are almost all Ponzi schemes where income is paid to coin holders though the sale of more coins


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


Extras: Filter Print Post Top
Offlinekoods
Ribbit
Male User Gallery


Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 16 minutes, 38 seconds
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774958 - 05/13/22 01:49 AM (1 year, 8 months ago)

Quote:

budmanman said:
Quote:

koods said:
The dollar is trading at a 20 year high




If it is then it is a shame I am seemingly able to buy less and less with a dollar.




That’s always the case. Currency should always lose some value over time compared to the goods you buy with it.

The reason the dollar is so strong is other currencies are losing value faster than the dollar.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: koods]
    #27774960 - 05/13/22 01:51 AM (1 year, 8 months ago)

Quote:

koods said:
Those are the ones that are almost certainly fraud. Where is the income coming from to pay those dividends. How do coin operators earn 20%, for example? Loans that earn that much are probably high risk. When the market hits a rough patch and the borrowers default, the coin goes bankrupt. In reality, those coins are almost all Ponzi schemes where income is paid to coin holders though the sale of more coins





The loans are used for leverage traders to take high risk very profitable short positions on DEFI


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774963 - 05/13/22 01:56 AM (1 year, 8 months ago)

And then there is also yield farming,

Supporting the network with various forms of stakes

Shit there are over 10 ways to generate revenue just off the top of my head.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774964 - 05/13/22 01:57 AM (1 year, 8 months ago)

Also banks make 14%-25% on average in general on their general capital, they pay normally around 1%, they're fucking you, because they can get away with it cause there is no real competition till now.

Companies like Celsius pay back to the customer about 80%.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Edited by budmanman (05/13/22 02:01 AM)


Extras: Filter Print Post Top
Offlinekoods
Ribbit
Male User Gallery


Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 16 minutes, 38 seconds
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774967 - 05/13/22 01:59 AM (1 year, 8 months ago)

Quote:

budmanman said:
And then there is also yield farming,

Supporting the network with various forms of stakes

Shit there are over 10 ways to generate revenue just off the top of my head.




They’re all frauds dude


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: koods]
    #27774968 - 05/13/22 02:02 AM (1 year, 8 months ago)

It would seem you don't know what fraud even means.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Extras: Filter Print Post Top
Offlinekoods
Ribbit
Male User Gallery


Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 16 minutes, 38 seconds
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774969 - 05/13/22 02:04 AM (1 year, 8 months ago)

All those schemes will crash and burn. Don’t you have any common sense?


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


Extras: Filter Print Post Top
OfflineNorthernerM
splelling chceker
 User Gallery

Registered: 07/29/12
Posts: 14,137
Loc: FNQ
Last seen: 5 hours, 2 minutes
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774970 - 05/13/22 02:04 AM (1 year, 8 months ago)

That's all just leveraging fiat as a bank/investment pool for further speculation.


--------------------
The nearest we ever come to knowing truth is when we are witness to paradox.


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: Northerner]
    #27774971 - 05/13/22 02:06 AM (1 year, 8 months ago)

All cryptocurrencies combined accounted for about 7% of the world's money.

https://www.investopedia.com/tech/how-much-worlds-money-bitcoin/#:~:text=All cryptocurrencies combined accounted for about 7% of the world's money.

It doesn't matter what anyone thinks, this system has been growing and growing and growing and slowly becoming the new economy.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Edited by budmanman (05/13/22 02:06 AM)


Extras: Filter Print Post Top
Offlinekoods
Ribbit
Male User Gallery


Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 16 minutes, 38 seconds
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: Northerner]
    #27774972 - 05/13/22 02:07 AM (1 year, 8 months ago)

Yeah in the end it’s only worth what you can get back in real money


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


Extras: Filter Print Post Top
Offlinekoods
Ribbit
Male User Gallery


Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 16 minutes, 38 seconds
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774974 - 05/13/22 02:07 AM (1 year, 8 months ago)

Quote:

budmanman said:
All cryptocurrencies combined accounted for about 7% of the world's money.

https://www.investopedia.com/tech/how-much-worlds-money-bitcoin/#:~:text=All cryptocurrencies combined accounted for about 7% of the world's money.

It doesn't matter what anyone thinks, this system has been growing and growing and growing and slowly becoming the new economy.




And to believe that it is sustainable is magical thinking


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774977 - 05/13/22 02:10 AM (1 year, 8 months ago)

Justin Bieber’s Manager Sold His Mansion for $18.5 Million in Bitcoin: Report

https://cryptopotato.com/justin-biebers-manager-sold-his-mansion-for-18-5-million-in-bitcoin-report/#:~:text=A%20House%20in%20Exchange%20for%20Bitcoin&text=Better%20known%20as%20the%20manager,Wayne%20Vaughan%20%E2%80%93%20CEO%20of%20Tierion.

REAL ESTATE
Greenwich estate owner will accept bitcoin or Ethereum cryptocurrency as payment for $6.5 million property

https://www.cnbc.com/2022/05/02/greenwich-mansion-for-sale-will-take-bitcoin-cryptocurrency-as-payment.html

Exclusive: This $59 Million Waterfront Mansion In Miami’s ‘Billionaire Bunker’ Could Become America’s Most Expensive Bitcoin Real Estate Deal Ever

https://www.forbes.com/sites/petertaylor/2022/05/11/exclusive-first-look-this-59-million-waterfront-mansion-in-miamis-billionaire-bunker-is-americas-most-expensive-bitcoin-real-estate-deal-ever/?sh=1106ea0862c7

I don't know what to tell you guys other than, every rich person alive right now, is elbows deep in crypto currency.

It will rapidly hit 25% of the global economy before you know it.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: koods]
    #27774979 - 05/13/22 02:11 AM (1 year, 8 months ago)

Quote:

koods said:
Quote:

budmanman said:
All cryptocurrencies combined accounted for about 7% of the world's money.

https://www.investopedia.com/tech/how-much-worlds-money-bitcoin/#:~:text=All cryptocurrencies combined accounted for about 7% of the world's money.

It doesn't matter what anyone thinks, this system has been growing and growing and growing and slowly becoming the new economy.




And to believe that it is sustainable is magical thinking





Bwahahahhaaha and having a 30 Trillion dollar national debt compounding its interest is sustainable? If the US government killed every last American and took 100% of their money, They would still owe money bawhahhahahahaha

https://www.usdebtclock.org/


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Edited by budmanman (05/13/22 02:11 AM)


Extras: Filter Print Post Top
Invisiblebudmanman
OTD Masterbater
Male


Registered: 02/07/07
Posts: 17,974
Loc: PNW
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774981 - 05/13/22 02:15 AM (1 year, 8 months ago)

Fiat Currency is a broken system with a 100% failure rate, the USD has been one of the if not the longest running fiat currency and quite frankly its on its last legs because it is literally built in its math, to fail.

https://www.lietaer.com/2021/11/do-all-fiat-currencies-fail/

Do All Fiat Currencies Fail?

Since the beginning of time, fiat currency has dominated the world, but every fiat currency that has existed in history has failed. fiat currency study, 775 fiat currencies have an average life expectancy of 27 years, with some taking a month to crash and others surviving for centuries.


--------------------
Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal.

And I am mentally unstable.


Extras: Filter Print Post Top
Offlinekoods
Ribbit
Male User Gallery


Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 16 minutes, 38 seconds
Re: This crypto stuff is CRAZY- Perhaps even criminal [Re: budmanman]
    #27774984 - 05/13/22 02:17 AM (1 year, 8 months ago)

Lol and if you lived with Bitcoin as your currency you’d be suffering with a 100% inflation rate right now.

Fortunately for Justin Bieber his house is denominated in dollars, not bitcoins.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


Extras: Filter Print Post Top
Jump to top Pages: < Back | 1 | 2 | 3 | 4 | 5 | Next >  [ show all ]

Shop: Kraken Kratom Red Vein Kratom   Unfolding Nature Unfolding Nature: Being in the Implicate Order


Similar ThreadsPosterViewsRepliesLast post
* PAX Gold [PAXG] -- A gamechanger in crypto & gold investing.
( 1 2 all )
Asante 1,008 22 05/15/22 11:21 AM
by ashfiken
* Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects
( 1 2 3 4 ... 500 501 )
geokillsA 250,325 10,002 01/27/24 05:04 PM
by geokills
* What Crypto are you trading right now? Rotnpins 1,126 10 05/17/22 10:34 PM
by fake estate
* PI? UP AND COMING CRYPTO FishOilTheKid 540 11 12/31/22 10:26 AM
by FishOilTheKid
* STOCKS - An Intro Tutorial & Ongoing Discussion
( 1 2 3 4 ... 289 290 )
geokillsA 296,579 5,796 01/22/24 08:56 PM
by geokills
* Silver - the most concentrated short of any commodity
( 1 2 3 4 ... 25 26 )
Gorlax 9,796 518 01/12/24 11:35 AM
by gopher
* Why isn't anyone talking about BTC???
( 1 2 3 4 all )
Atrium 6,809 70 12/08/13 02:04 PM
by Atrium
* Is there a good price point to buy bitcoins at? Is $550 (current) a bit expensive?
( 1 2 3 4 5 6 7 all )
c1dh3d 15,755 136 05/29/15 11:02 AM
by Stonehenge

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
1,581 topic views. 0 members, 3 guests and 1 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.023 seconds spending 0.004 seconds on 13 queries.