It's not dead dead.
It's more like dead dead dead dead dead dead.
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VICE: ‘It's a Bloodbath’: The Crypto Crash Is Real
- Thread starter Coyote Starrk
- Start date
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It's more like dead dead dead dead dead dead.
Yes that's probably right, it just seems crypto is for way dumber people because they can't even articulate the core proposition like a Mary Kay MLM can.
At least the person selling makeup has a straightforward story about what they're doing and why.
Of course the actual people running the con in both instances are, as you point out, pretty similar since they're just offloading a commodity or security on someone.
Almost 7 trillion, actually.
RIP Luna. Hopefully the first of many.
It's like homeopathy. The more diluted the more powerful. lol
And just as much a scam.
OH that's a perfect mirror. Crypto is homeopathy for financedudes.
Okay, here's what I still can't wrap my head around when it comes to crypto:
Pretty sure that ape holders can only use one slurp juice per ape, so why would anyone get more than one slurp juice if they only have one ape? Doesn't this cause a liquidity crisis?
Pretty sure that ape holders can only use one slurp juice per ape, so why would anyone get more than one slurp juice if they only have one ape? Doesn't this cause a liquidity crisis?
it was always about being the smartest one in the room that see what nobody else is seeing and making big money out of it for these people.
these are the guy where their favorite movie is The Big Short and always dreaming to be the next Michael Burry
About the last thing I'd want to buy is a GPU that's been running 24/7 for months in a crypto rig. Even if they're undervolting them to save power, they've still been massively overused compared to the standard used GPU.
we can hope but i highly doubt this is the end of crypto. bitcoin and crypto seem to bounce back everytime.
They bounce back every time, until they don't.
Is this the "don't"? Maybe, but I definitely don't think anyone should roll the dice on that.
A Luna token is currently $0.008 according to coinbase
The price of a replacement pack of Monopoly money on Amazon is $12 (rounded down)
It costs 750 Monopoly dollars to buy Boardwalk and Park Place.
The smallest bill combo to pay this price is 1 500, 2 100s and 1 50, for four bills.
There are ten bills per seven denominations for 70 bills total.
That means you are paying approximately 17 cents per bill.
Four bills = a total cash value of 68 cents. (lol)
68/.008 =
If you wanted to use Luna tokens to buy enough Monopoly Money to purchase Boardwalk and Park Place today, you'd need 8,500 of them.
The price of a replacement pack of Monopoly money on Amazon is $12 (rounded down)
It costs 750 Monopoly dollars to buy Boardwalk and Park Place.
The smallest bill combo to pay this price is 1 500, 2 100s and 1 50, for four bills.
There are ten bills per seven denominations for 70 bills total.
That means you are paying approximately 17 cents per bill.
Four bills = a total cash value of 68 cents. (lol)
68/.008 =
If you wanted to use Luna tokens to buy enough Monopoly Money to purchase Boardwalk and Park Place today, you'd need 8,500 of them.
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Now that's fucking ridiculous. How anyone can trust any of this shit is beyond me. At any moment your crypto can be taken away, altered, manipulated, ledger be damned.
There is no evidence that institutions coordinated some sort of attack on the terraluna protocol. I'm also curious as to what institutions you were referring to.
Sure just like how the little guy can beat the house at a casino. They're big institutions.
They will always come out on top.
At least one well-capitalized hedge fund has made a short bet against Tether in the past two months. That's not any proof that the short will pay off or any shenanigans. It's just ensuring that there will be major firepower behind audit demands, etc.
So insane that it is at a place where you can lose 13.5 million of your users money and their respond is "We thought it was under control. Sorry!"
Imagine if a bank tried to pull that excuse.
Ah, raspberries.
Ok, that's not nearly as bad.
85 Luna tokens is a steal for those two properties.
I'm outside hitting a J atm and have no idea what I just read.
Wasn't the rationale behind crypto based on a mistrust of banking institutions to begin with? Now who are they going to blame?
People are waiting on the patch that brings all their money back.
I have a coworker who never put a dime in the 401k, which has an employer match. He showed me how he was putting $50 here and there into dogecoin instead when that was getting pumped up. "Look, I doubled my money!" He hasn't mentioned it in about a year and I hope he didn't move onto something like this. The value has tanked since then. He's someone who never seems to be able to get ahead financially. I'm just glad he didn't lose big like a lot of people. My 401k might be down from earlier this year, but it's worth a lot more than I've paid into it and he lost money on his strategy.
Eh, bitcoin is already going back up and 'crashing' still meant it was over 25 thousand fkin euro.
I hope that shit dies as much as the next guy, but it seems pretty fucking far from dead, other shitcoins notwithstanding.
I hope that shit dies as much as the next guy, but it seems pretty fucking far from dead, other shitcoins notwithstanding.
The ironic thing about cryptocurrencies is that in their pursuit of being an alternative currency, they worked their way back to all the things that a real currency requires: institution backing, underlying collateral, a market that is beyond just people trading against each other.
Sorry! This is actually SSOL (sweet sol) now at 2300+% (.00001188)
Sure is. That it is a "decentralised currency" free from control from the banks, is still one of the biggest talking points among crypto bros.
Most of them have been so brainwashed by the cult of scammers, that they usually blame each other, never the system.
"Don't invest more than you can lose" is the typical reaction to someone sharing they have lost thousands on one of the many crypto scams.
What's funny is how crypto just ended up going with their own big centralized institutions in the end.
The hilarious story of every libertarian experiment ever is that they end up reinventing things that already exist
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