Post ASFo1hbkRzgxDG2pXc by Damiansixx_@mastodon.social
(DIR) More posts by Damiansixx_@mastodon.social
(DIR) Post #ASFhVc84gWtxEITsYq by stux@mstdn.social
2023-02-02T00:29:40Z
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The only way to 'get rich' on #cryptocurrency is for other people to lose, a lot I think cryptocurrency(+NFT's) is the biggest ponzi scheme in the history of hoomans so far
(DIR) Post #ASFhhX4PJw4L0vRswa by stux@mstdn.social
2023-02-02T00:31:50Z
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@Erik I guess but that's different, a system based on rules and laws Crypto is a free for all
(DIR) Post #ASFhtBeWm9xg41tvU0 by IronCurtain@mstdn.social
2023-02-02T00:34:00Z
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@stux I guess you forgot Bernie Madoff.
(DIR) Post #ASFhx1dhwkimAPLdFQ by Benjamindarko@mastodon.social
2023-02-02T00:34:41Z
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@stux Yep. It's no different from network marketing.
(DIR) Post #ASFi19g20OgsFkP6PY by DaniEhm@mas.to
2023-02-02T00:35:25Z
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@stux Regulators are doing nothing about these scams. Everything and anything goes. Freedom of the market.
(DIR) Post #ASFi6ISEnYCWvLP5hQ by Linux_in_a_Bit@linuxrocks.online
2023-02-02T00:36:21Z
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@stux It's the biggest one "investors" are currently promoting...We're just lucky it isn't the stock market anymore.
(DIR) Post #ASFi6JPRFRYXsx6MyW by kkarhan@mstdn.social
2023-02-02T00:36:22Z
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@stux I've to agree and the only exception of the rule I know is #Monero but that's solely to it being unable to be abused for NFTs and other "bigger fools #Scam|s"...Unlike all #shitcoins Monero actually aims to be a #payment system equally as convenient like #PayPal - if not far better...But that's just me acknowledging that the core concept behind NFTs can be good but all current implementations are just "below" it's potential and usefulness...
(DIR) Post #ASFiDQqdzOLuz2Dp6e by Linux_in_a_Bit@linuxrocks.online
2023-02-02T00:37:39Z
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@stux Buy at least the stock market is based on actual value...
(DIR) Post #ASFiGm7pL05pqGqy80 by Linux_in_a_Bit@linuxrocks.online
2023-02-02T00:37:46Z
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@stux But at least the stock market is based on actual value...
(DIR) Post #ASFiK1rVHl3pW8lmjI by freakinbox@mastodon.social
2023-02-02T00:38:51Z
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@stux Second biggestThe biggest is the American led world currency that has destroyed the value of all currency, including crypto oddly enough.
(DIR) Post #ASFigIijHpbmAqHmHg by ctr@clubcyberia.co
2023-02-02T00:41:37.309897Z
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@stux if you put enough time into the market it will return... listen, i made -650,000% EOY in 2022 on digital real estate and i'm still in it for the long run
(DIR) Post #ASFigJDZRAHJiUiPM8 by stux@mstdn.social
2023-02-02T00:42:45Z
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@ctr I'm talking about the whole thing, it's not the new currency like it's designed for in the first place but rather a failure in many aspects
(DIR) Post #ASFilhJTHNSHtW2pvM by stux@mstdn.social
2023-02-02T00:43:44Z
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I think this video does a well job explaning it!"Crypto: The World’s Greatest Scam."https://www.youtube.com/watch?v=ORdWE_ffirg
(DIR) Post #ASFkKWTHgFBMMJnw92 by J_T@mstdn.social
2023-02-02T01:01:20Z
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@stux When it started, the first thing I thought of was tulips. I’ve never changed my mind from that first impression.
(DIR) Post #ASFlPYEQf8ipDkokzI by Spiricom@mastodon.social
2023-02-02T01:13:26Z
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@stux
(DIR) Post #ASFlccK6lGYJfvhjIO by nosat@liberdon.com
2023-02-02T01:15:51Z
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@stux the only way to get rich on government fiat currency is to set up a giant mafia that controls the issuance of it and murder anyone that tries to introduce a competing currencyluckily crypto is immune and untouchable by the boomer communist mafia 😉
(DIR) Post #ASFo1hbkRzgxDG2pXc by Damiansixx_@mastodon.social
2023-02-02T01:42:45Z
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@stux like the word “hoomans”
(DIR) Post #ASFoHFb2MdumyD7sGm by Npars01@mstdn.social
2023-02-02T01:45:35Z
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@stux Modern economic activity consists of a constant search for a patsy.
(DIR) Post #ASFopeDjJpf9BbcsZk by TheOldGuy@qoto.org
2023-02-02T01:51:46Z
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@stux True. I steer clear of all of them. I would say it's a suckers game except it's also a conman's game.
(DIR) Post #ASFpgCovvDGhYS5at6 by silentobserver@techhub.social
2023-02-02T02:01:16Z
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@stux this was a phenomenally good vid. Thanks for sharing it. I watched the full thing.
(DIR) Post #ASFqOpiCgYzKurDn3Q by MissingThePt@mastodon.social
2023-02-02T02:09:17Z
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@stux PITCH IDEA: Crypto, but gold-backed.
(DIR) Post #ASFsT3iQlIv9PkTE92 by ericcarlisle@fosstodon.org
2023-02-02T02:32:28Z
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@stux My biggest head-scratcher is that other currency types may have comparative valuation based on (real or otherwise) economic factors. I'm curious what factors may determine Crypto valuation. 🤔
(DIR) Post #ASFtovABL9H3DMRIhc by jameslglueck@mstdn.social
2023-02-02T02:47:41Z
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@stux herzlichen Dank this is eye popping stuff it’s not “Web 3.0” but “Scam without Limit” and I’ve duly noted all the “influencers” despoiling their names and reps with this Scheisse
(DIR) Post #ASGWeaFs7NPzgYA8dU by Shredd_Tone@equestria.social
2023-02-02T10:02:39Z
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@stux I don't believe it was inherently intended to be that way from the beginning. I loved the idea of a decentralised currency/"currency" where anyone with a GPU could be the middleman/minor to help others transfer funds/"funds instead of really on big corps or banks etc. But once big corps jumped into devour everything, be responsible for harming the environment, pushing everything in walled gardens, etc their influence just killed the whole ideal of decentralised financing.
(DIR) Post #ASGWmckwhcB3l8WzD6 by Ornwen@mstdn.social
2023-02-02T10:04:16Z
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@stux I found it extremely telling the original inventor has completely disappeared.
(DIR) Post #ASMkg7qrFywGTmqqpM by don@liberdon.com
2023-02-05T10:08:16Z
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@stux if you are making cross-border payment via bank, you lose up to 50% of you payment as fee. You lose it to other people, definitely. With crypto in this case you lose (to other people) like 5 $. So generally your statement is correct, you losing for the people, but there is small detail, which is comparing to what