el diablo wrote: » Didn't see anything about a rope and a wobbly stool. TheAnalyst_ again I assume. I also certainly never would've associated crypto with the alt-right. I assume TheAnalyst_ has come across an obnoxious alt-right crypto supporter on Twitter and for some reason believes it's representative of the whole space. :rolleyes:
Pintman Paddy Losty wrote: » The person who posted here about a rope and a wobbly stool is a scumbag. I've made my views on crypto clear but no need for that.
Pintman Paddy Losty wrote: » The person who posted here about a rope and a wobbly stool is a scumbag. I've made my views on crypto clear but no need for that. Also whilst there is a very strong libertarian anarcho capitalist cohort involved in the bitcoin scene, there isn't really many of the alt right types who are a different kettle of fish.
JohnnyFlash wrote: » I'd concur with that. Crypto Twitter can be a very toxic place, but I haven't seen much of that alt-right nonsense from any of the major players in the space. Nouriel Roubini says he gets lots of anti-Semitic abuse from crypto advocates, but they aren't making it to his comments.
makeorbrake wrote: » My understanding is the unmentionable had to make an acknowledgement here on this thread before resuming and posting once more.??
grindle wrote: » It's the 4chan plebs that tend to do it, they have an adolescent fascination with expressing extremely bigoted views in some kind of quasi-ironic punky freedom of speech thing. The more they use that speech the more true degenerates get involved until that quasi-ironic punky freedom of speech thing isn't quasi-ironic or punky any more, it's just a pack of self-hating **** projecting onto whatever victim they choose.
Truckermal wrote: » Paddy drives a 181 Audi Q8 so he must have made a fortune somewhere.
JJJJNR wrote: » Without sounding paranoid why would anyone put so much effort into being against technology.
Pintman Paddy Losty wrote: » They make some funny enough memes to be fair to the chaos though.
JJJJNR wrote: » I don't get the hate, are the anti crypto side trying to warn people against losing money or what exactly is the purpose of it all. I've been aware of crypto markets and only recently (12 to 15 months) began to take an interest as I work in tech, but I never thought for a minute there would be such a venomous hate for it and people commenting on a public forum.
JohnnyFlash wrote: » My period of reflection has allowed me to acknowledge that companies are experimenting with blockchain technology. Many of them are building out proof-of-value platforms using IBM's offering in this space. I remain skeptical about this, as a private blockchain is little more than a very slow database where parties who can write to the blockchain all have to come together and agree on the inherent validity and syntax of what is being written to the blockchain. Listen, there may be valid use cases.
Grumpypants wrote: » In two minds. I Want to buy so want it to come down, but also have a chunk already so want it to go back up at the same time !!!! Dam crypto !!!
makeorbrake wrote: » Because the people you are referring to didn't start out by examining the tech. They set out on the premise that crypto was attractive to certain societal groups that they dont like (libertarians and the like). They still don't look at the tech much but when they do, it seems its just to validate their already established opposing view.. And yet it's just technology...
Eric Cartman wrote: » So heres my timeline on it, Blockchain tech and bitcoin show up, its new, its out there, I see it on Engadget and a few places, I'm interested, the idea seems sound and the coins are a dollar but I'm sitting there thinking meh I can't really spend them, then some collection of companies starts taking them (usually hipstery online retailers selling pop socks or pens or teenagers selling licences to software they wrote etc) - I'm still at the interested in the tech but meh I'm not putting cash into it stage , at this point a few also techy friends get into it, one of them mines about 10btc and buys a tshirt - woohay for him, I see a BBC story about a pub taking bitcoin and it has a bitcoin ATM that gives out bitcoin vouchers or gives out cash in exchange for coin etc... thought ok this is real enough, still not enough outlets taking it for me to throw cash into it (it still may aswell be Disney dollars at this point , its €1.30 per BTC at this point) Still very US focussed with a little interest in Europe outside a small UK community. Then the libertarian side kicks in, Silk Road pops up and suddenly you can buy drugs with it, you can have people killed, you can get guns or hookers or child brides or anything your heart desires. Now I have a lot of friends into it, they're buying and re-selling lots of drugs that are just appearing on your doorstep by magic , all the values make sense, buying it is easy you can still mine your way to a bag of coke if you really want to. Price is about 5 euro / BTC , then the world starts noticing, but for the wrong reasons, Stories about the Silk Road, the attempted murder of some lad in the US , everyone now in their head bitcoin = buying drugs, I'm not willing to put my bank account tied to that till theres a more legitimate use for it. Eventually the Silk Road "closes" , not that that door will ever stay closed, Mt. Gox collapses (I'm still convinced theres a link there, regardless of the official story) , things aren't looking rosy in coin town so I kind of forget about bitcoin, as do most of my friends who had been inflating their use for substances for a while. Fast forward a while and suddenly the buzz is abounding, the coins are worth $500 fiat, suddenly this is an investing system, cleaned up its image and let the autistic spectrum basement dwellers and the slick suit 'wolf of wall street' boys share a common interest, investing and making the share price rise. Everyone and their dog starts a blog about how bitcoin is making money, how to get rich on bitcoin , prices going into orbit as people are releasing more and more stories about "look at this lambo I got, look at this house I got with bitcoin, the 18 year old kid who has a million dollars worth in a wallet" , but on the forums a lot of it is about how cashing out is slow, or a coin exchange banned the account, or the fees are massive or it took 10 days to get paid in fiat (and most of these stories are about amounts less than 10k) . I start digging, finding out that most of these cases of buying houses and lambos and other expensive toys are actually people who run exchanges, or got consulting jobs on blockchain tech, or sold their wallet in a private exchange with an investor looking for an easy in (paying them below value to save 'time' cashing out) , The ordinary guy who just paid antminer $3000+ for a used ASIC miner thats past its profitable life , or 'factory testing' as they call it , the guys hooking up loads of GPU's skyrocketing the price of 1080Ti's - they're all getting shafted. But all the sites just say 'its gonna make you millions, don't mind your exchange banning fiat payments for the weekend or that the price dropped 10%, HODL and you'll be fine. The media gets hold of it , will it go up, lets get drug riddled John mcafee and other people who used to be relevant in other tech but have no idea how finances work (you can still be rich and know nothing about money) , they're all well onboard, everyone who's on the train is talking it up (out of self interest) , everyone not on the train is like me sitting there saying 'this is just a Ponzi scheme all over again' . The thing about Herbalife, or aloe vera gel or whatever is it doesn't matter if the product works or not, that gel could be useless or cure cancer, the money made moving it around is what makes the scheme, at the end theres always a load of poor unfortunates holding all the gel and the entire pyramid fell above them. There are people who dislike bitcoin because of crypto-bro's getting 'rich' or other crap . My issue with it is the exact same as when you have that friend from school who starts selling world ventures or Herbalife or aloe gel, its all they talk about, they want you on the carousel too, they want to be verified that this is the thing they should do and that they made a right call, they become almost annoying about talking about it, posting on Facebook all day about it, linking complete crap news sites about somebody else getting rich off it , waiting for their day to come. It certainly doesn't help that many into crypto are on the autistic spectrum so would drone on about any topic they're interested in well beyond the point of comfort for most. But it has all the hallmarks of the same Ponzi scheme that these people chortle at their neighbour Sharon for getting caught up in, for her its skin gel, for you guys its numbers on the screen. Atleast she actually has skin gel, regardless of how ineffective it may be. Some people will be in denial, saying well bank of America likes it, Merrill Lynch likes it etc.... A bank did an IPO for Herbalife too..... Banks love Scientology... I think at the end of it, the guys who really won from this, have won already, they ran Silk Road, Mt. Gox, coinbase and a handful of others, right now all the 'more cheap coins' posts are just 'a bigger pool for that other guys house' posts. The tech is good, concentrate on making patentable software around non currency blockchain products, not this craic. For the record , I sold 106 Nvidia 1080Ti and Quadro cards during 'crypto boom' to miners. Profiting an average of 150-200 euro per card. I have made somewhere between 16,000-20,000 euro from the bitcoin / coin mining industry, its in cold hard cash, not a digital wallet, backed by the government guarantee, tax paid , able to be spend anywhere. “During the gold rush its a good time to be in the pick and shovel business” ― Mark Twain
makeorbrake wrote: » Mr. Cartman, An interesting read. Much of it I have no issue with. However, a couple of things... - We've been over the Ponzi scheme thing - it can't be one - it's not perpetrated by those that went before. Now, you can say that it's highly volatile, you can say that people may have misplaced their belief and trust in something that doesn't add up if that's your view but it's wrong and disingenuous to call it a ponzi scheme. Glad to hear you believe in the tech. Other than that, for investment purposes, its very risky. However, so is day trading, futures and forex. On the lambo stories and such, media will always pick up the headline grabbing outlier stuff - anyone with a brain knows not to get caught up in the nonsensical side of it. On the view that the investment banks are getting involved to mop up the money without belief in the tech, no question they want to mop up the money. The tech is an inconvenience to them as it can damage their revenue streams over the longer term. However, that aside, there are far too many of them getting involved in 2018 and putting too much money into various aspects of it to facilitate it to believe it's going to just vanish tomorrow. It's going to be around for the foreseeable. Now, will people lose their shirts on it? No doubt there will be big winners and losers but between that fact that suggests the market is going to be around and your acknowledgement that the tech is essentially good, then it's a legitimate industry.
Eric Cartman wrote: » But the way people go on and the necessary inputs, biased media , and the slob to riches stories and 'get rich quick, little effort' notions behind it mean both its value and those interested in its value represent similar motivations and traits that keep Ponzi schemes afloat.
Eric Cartman wrote: » For the record , I sold 106 Nvidia 1080Ti and Quadro cards during 'crypto boom' to miners. Profiting an average of 150-200 euro per card. I have made somewhere between 16,000-20,000 euro from the bitcoin / coin mining industry, its in cold hard cash, not a digital wallet, backed by the government guarantee, tax paid , able to be spend anywhere.
Pintman Paddy Losty wrote: » Genuine question, if you believe in the tech why not invest in companies who are trying to use blockchain through traditional share investments? At least then you have a stake in the company, dividends, votes etc.?
...on average, companies incur an underwriter fee equal to 4-7% of gross proceeds, plus an additional $4.2 million of offering costs directly attributable to the IPO.
Thargor wrote: » Lol, you did in your hole you bullsh1tter, it was a struggle to buy a single 1080 for any reasonable price during the "crypto boom" and you get your hands on a shipping container load in the middle of it? At a price cheap enough to make hundreds of Euro profit on each card? You're a big seller of Nvidia cards on boards and yet in 10 years on this forum you've never posted in any the computing or pc gaming forums? Stick to pretending to support Donald Trump, its slightly less ridiculous
Frunchy wrote: » How can someone be an IT expert and not even have a basic understanding of cryptocurrencies?
![Photo of [Deleted User]](https://w1.vanillicon.com/v2/11f397efbb618f280f346771bb290fe0.svg)
