BITCOIN

Type_45

DannyCarey said:

https://twitter.com/DWhitmanBTC/status/1564574587697995776/photo/1

Interesting that those guys knew this was coming in 1997. So accurate too..

If you have crypto shades on then yes, they're talking about crypto.

But if you don't have crypto shades on then the piece could be talking about simply spending money online (as we all do every week).  The one difference is where it talks about breaking money down as is the case with SATS.  But that still isn't necessarily a reference to crypto.

Malthusian

Type_45 said:

If that were true then why are they only regulating certain coins? 

The exempted coins are considered to have "critical mass" and be unlikely to go pop entirely and generate 100% losses. (Though they could generate any other % of losses.) Digital gold / silver / platinum, essentially.
All the rest are being treated as scatcoins, i.e. digital penny shares.
It's a blunt instrument but that's how financial regulators work. It is the job of regulators to protect ordinary retail investors from taking risks they aren't prepared for, not to argue the toss with crypto bros as to whether Dogecoin should be on the list.

Type_45

Malthusian said:

Type_45 said:

If that were true then why are they only regulating certain coins? 

The exempted coins are considered to have "critical mass" and be unlikely to go pop entirely and generate 100% losses. (Though they could generate any other % of losses.) Digital gold / silver / platinum, essentially.
All the rest are being treated as scatcoins, i.e. digital penny shares.
It's a blunt instrument but that's how financial regulators work. It is the job of regulators to protect ordinary retail investors from taking risks they aren't prepared for, not to argue the toss with crypto bros as to whether Dogecoin should be on the list.

So to protect "ordinary retail investors" they've set a limit as to how many alt coins they can buy at $30,000 per year?  Because otherwise "ordinary retail investors" might well be spending $100,000 a year on XRP (for example)?

Malthusian

Something must be done. This was something. So they did that.

mooneysaver

Hi fellow blockheads, are you guys putting a bigger stake in LUNA or LUNC. Currently I'm DCAing 50:50 on a weekly basis, but windering if its better to weight more to LUNC given the current trajectory.

Malthusian

Too busy buying the dip in South Sea Company shares and OneCoins bro.
Lunc? Lulz

Reaper

I've got a great business idea. The artist paints onto a canvas instead. This time he doesn't wipe it out. Instead he sells the canvas complete with the picture. The buyer gets to keep an original and really has ownership, instead of making do with a photograph and a pointless entry in a virtual ledger.

Do you think it will catch on?

EDIT: The post I was replying to seems to have been deleted

Malthusian

Reaper said:

I've got a great business idea. The artist paints onto a canvas instead. This time he doesn't wipe it out. Instead he sells the canvas complete with the picture. The buyer gets to keep an original and really has ownership, instead of making do with a photograph and a pointless entry in a virtual ledger.

But if no blockchain how number go up?

Hexane

Scottex99 said:

darren232002 said:

Buying Bitcoin will probably be the best investment of your life. Most people saying that Bitcoin isnt an investment and that it is gambling have very little idea why BTC is valuable. Look around, its not conspiracy theorists and rednecks buying Bitcoin, its rocket scientists, CEO's, institutions and computer programmers/STEM graduates. These guys know the way the world is going. JP Morgan in 2017 said BTC is a ponzi, in 2021 they are advising their clients to put a % of their portfolio in it and predicting prices in the $140k range. Citigroup threw out a $300k+ price prediction. These aren't idiots - they are the institutions you trust to manage your 'investments.' 

Lastly, if you know anything at all about the crypto space right now, you would know its possible to get 10% APY interest on stable coins very easily for gods sake. That is, coins denominated in USD. You deposit $10k now, you'll have $11k next year. No exposure to volatility and all denominated in USD. The only risk you have is (1) GBP/USD risk and (2) counter-party risk, which is almost negligible if you stick to the big providers. With a bit of work and knowledge, you can find 30% interest. I've been personally getting 100%+ APY interest paid and compounded daily for the last 3 months in one of the safest projects out there.

I'm not really interested in having a long discussion with people that are still babbling about ponzi's, tulips, intrinsic value or hexadecimal numbers in cyberspace. If you don't get it, I don't have time to explain it to you. But I would strongly encourage people to look in to this space because it will be the greatest wealth creation event of my generation. Its literally the internet version 2.0.

Bingo.

HFSP to the no coiners bro, lolz

Oh Scott, how we miss you!

deejaybee

Any Algo-nauts still around ?

Got some NFTs that were given free for Governance 2 & 3 - Is there an easy way to put these up for sale/auction ? Currently holding them in Pera wallet.

Ta