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Thread: Bitcoin....who's gotten into it?
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08-27-2021, 08:38 PM #5626
That's such a great answer! Thank You!
I guess I'll have to find someone who knows what they are talking about to explain to me how this video game money pyramid works. Never spent any time playing video games so I didn't realize there was money in long term game investment.
Can you tell me who made money playing Guitar hero? Like actual IRL gamers who cashed in.
I know Wynn is involved in this so some sort of gamble is expected.
Try to give me a real answer, please.
ps This isn't a personal attack, just looking for answers without spending hours searching.www.apriliaforum.com
"If the road You followed brought you to this,of what use was the road"?
"I have no idea what I am talking about but would be happy to share my biased opinions as fact on the matter. "
Ottime
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08-27-2021, 09:55 PM #5627
Don't play the victim here after calling my hobby a scam. I told you already. Gaming is a 200 billion dollar industry and growing rapidly. I never played guitar hero more than a very small amount, so I don't know who made money playing. But play to earn is the growing trend in gaming.
https://www.google.com/amp/s/venture...able-nfts/amp/
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08-28-2021, 07:15 AM #5628Registered User
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The same, buy it upon release and sell it to the general public at a pumped up price is going on right now with sneakers (Nike, etc.), that Supreme clothing/lifestyle brand (maybe not still as hot but was right before the pandemic), Tony Hawk skateboard with his blood in it, etc. This Blankos Block Party thing just seems like another avenue for the same set-up.
Stalefish gave an arena in which people are making really high returns right now. It is tangential to crypto. If you want to try it, go ahead. If you don't, because it seems silly, mania-ish (tulips, beanie babies, yeezy sneakers) don't get involved. It is not something I want to get into, because I feel like I don't have enough info besides what someone is telling me, and that is beyond my risk/reward comfort level. I am not going to hold it against people who are making money with it though. Nor will I be surprised if or when that market bubble seems to pop.Last edited by DLD in UT; 08-28-2021 at 07:38 AM.
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08-28-2021, 07:22 AM #5629Registered User
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NFT could be thought of as electronic art, correct? Buy something cool and hope it appreciates. Cool thing about NFTs is the electronic signature. But, I bet someone figures out how to forge one and scam, so eine in the future (just like other art)
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08-28-2021, 07:33 AM #5630I drink it up
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08-28-2021, 07:39 AM #5631I drink it up
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You should maybe invest just a few hours in understanding the differences in various banking systems. It’s not just the financial institution industry vs. bitcoin. There’s a little bit more to it than that.
Can you articulate what that has to do with BTC or its potential? I bet you can’t. Because it has fuck all to do with financing a car or buying groceries with a credit card.
The one where no customer lost any money? Is that the one you’re referring to?focus.
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08-28-2021, 07:41 AM #5632
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08-28-2021, 09:15 AM #5633features a sintered base
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Sorry, dude, you are (still) completely missing the point I made. I'm not arguing against the fact that the banks have fucked people eight ways from Sunday and will do so again at some point. I was simply pointing out that good private wealth guys and their institutions do not put their clients into BTC because there is no defensible framework for it as a reliable store of value or investment. The fact that these PWM people work for banks that have defrauded people is irrelevant--it's like I pointed out that welfare checks are valuable to poor people and you respond by talking about how the government has killed people with atomic bombs. Even though it's the same large institution behind both actions the two things have nothing to do with each other.
I really don't care about crypto (except that my brother bought a few BTC way back when and I've been trying to convince him to take the money and run), but I'm perplexed at how you shill for BTC and ignore anything that doesn't align with what you want to believe. I have certain beliefs about money/investing but if someone questions those beliefs I don't respond as you do to critiques of BTC. I don't get it--it's more religious and dogmatic for you than a well-reasoned approach.[quote][//quote]
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08-28-2021, 09:28 AM #5634
So maybe just go look at some tits in the padded room special thread??? If you don't give a shit about crypto why do you feel the need to come in here and talk shit about it? Do you think you're doing the Lord's work or something? Or saving us adults from ourselves? I don't go into the mountain bike thread and tell them they are fucking up trails, scaring horses, and hikers. I don't go into the car thread and tell them that the greenhouse gases they emit are ruining ski season. The crypto bashing brigade is not doing anything except sounding like grumpy ass old men.
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08-28-2021, 09:42 AM #5635features a sintered base
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See, that's what I was talking about. If I post about something and someone critiques it doesn't hurt my feelings, but you have this evangelical thing going on with BTC. Fucking weird. If I post about Keynesian monetary policy and you disagree I don't ask why you have to post and talk shit about the monetary policy I believe in, and then say that you just sound like an ignorant millennial. Seriously, get outside of yourself for half a second and think about how this is fucked up on many, many levels. What in the actual fuck...way too defensive for this to make sense.
[quote][//quote]
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08-28-2021, 09:52 AM #5636
Thought this lyric is relevant to the thread.
From BUSDRIVER
Kids, if you want to piss off your parents
Show interest in the arts
Kids, if you really want to piss off your parents
Buy real estate
In an imaginary placeWhat if "Alternative" energy wasn't so alternative ?
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08-28-2021, 09:56 AM #5637
Why the thesis espoused by the likes of Cathie Wood and Jack Dorsey that crypto-currency will spur a renewables revolution is so misguided. Quite the opposite: Crypto-mining frees the most stranded of fossil-fuel assets...
Stronghold Digital gets hefty state credits for burning waste coal, exploiting a Pennsylvania law deeming this to be somehow environmentally friendly.
Stronghold Digital Mining Inc. is a cryptocurrency producer with a twist, one that features prominently in their recent IPO filing. Aware that Bitcoin has an ESG problem because of all the coal burned to produce it, Stronghold is buying its own power plants which … burn coal. Not just any coal; waste coal. Which is, in fact, worse than coal.
It’s “not economic” to burn waste coal without the state’s credits. In return, Pennsylvanians get dubious benefits. That subsidy implies $16 per ton of waste coal burned, about half the estimated cost of just removing the refuse. So it looks like a bargain — but only if you ignore the emissions. At a notional $50 carbon fee, each ton of waste coal generates another $65 of cost to the environment.
Of course, there’s an arbitrage of politics and perception to exploit here, whereby local, tangible pollution takes precedence over the universal, abstract — but nonetheless real — kind. The upshot is that while the windfalls will be privatized, it isn’t just Pennsylvanians subsidizing them. Ultimately, we all are.
https://www.bloomberg.com/opinion/ar...-digital-s-ipo
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08-28-2021, 10:36 AM #5638
Except that you absolutely refuse to accept reality. BTC was the best performing major asset class of the last decade, by far. Simply buying and holding Bitcoin beat the shit out of almost every portfolio some PWM could come up with for their beloved clients.
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08-28-2021, 01:01 PM #5639features a sintered base
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And people who invested in Dutch tulips in the 18th century at a certain point in time could have made the same case. That doesn't change the fundamentals (and BTW, I assume all the people who lost money buying into BTC between Feb and May of this year, even after the recent run-up, can't take much comfort from how its value has inflated over the past ten years). It's just as likely that it will drop 50% (again) as that it will appreciate, which is why there is no defensible framework for putting clients into it. But you don't get this--which is OK, it's just strange how emotionally invested you are in this thing.
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08-28-2021, 01:06 PM #5640
It's strange how emotionally invested you are. At least I have skin in the game.
The tulips comparison is so tired, dude. And anyone who bought the top and dollar cost averaged down is probably looking pretty good right now. Fact is, long-term BTC price trend is up and to the right.
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08-28-2021, 01:15 PM #5641
Stalefish kinda has a point on the tulips comparison.... crypto skeptics get obsessed with something they don't believe in. There are many things I don't believe in, but I rarely talk about them.
I do believe in crypto. The problem with BTC's long-term price trending up and to the right is bitcoiners want to argue as if the trend doesn't exist when it comes to pollution, arguing its impact is negligible, and then at the same time imply the growth curve for next decade will look the same as the previous decade.
If the price trend continues as it has in the past then Bitcoin emissions alone would most likely push global warming above 2°C (3.6°F).
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08-28-2021, 01:22 PM #5642
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08-28-2021, 01:51 PM #5643
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08-28-2021, 01:55 PM #5644
It's no so much that I love crypto. It's more a disdain for a system (shit-stem, thanks Peter Tosh) that has largely stacked the odds against millennials and zoomers. Crypto is a once in a lifetime asymmetrical hedge against that system.
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08-28-2021, 02:12 PM #5645
My use of the word 'believe' was not intended as an article of faith in the abstract sense involving emotions like love or hate. Instead it's the belief that crypto is a real phenomena, and not a passing mania.
Even if Bitcoin disappeared tomorrow, the crypto revolution would still continue. In a lot of ways it has already happened. Yesterday's radical monetary ideas are being turned out and consumed like potato chips today.
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08-28-2021, 03:02 PM #5646
More for you. I think this gives a good idea of just how serious the blockchain gaming market is.
https://blog.blankos.com/we-are-mythical-matt-nutt
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08-28-2021, 03:11 PM #5647
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08-28-2021, 04:55 PM #5648
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08-28-2021, 05:05 PM #5649
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08-28-2021, 05:16 PM #5650
yeah i could see quantum computing definitely being a thing in the future. i've read a fair bit on it. interesting stuff.
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