Cryptocurrency

FTX DISASTER – Cryptocurrency is STUPID



If a person is held up at gun point at an ATM they were not “hacked”… FTX has little to do with technology and a whole lot to deal with scamming greedy people…

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20 Comments

  1. Miss Maserati

    Whew, okay, so I'm not the only one who has noted the almost cult-like religion "faith" based principle of tech companies. When I moved to Silicon Valley it got weird, really weird, toppled over into the making zero sense kind of weird. It's not just how they'll invest their money, it's also their time and at the sacrifice of destroying their family life and physical health through workaholism. It's hard to imagine what would make a person do that but the power of the tech faith is that strong… and it's proving a somewhat dangerous path to go down.

  2. Plan C

    Crapto. Candy floss. You nailed it mate. Trader for 20 years. Given up now everything I was taught no longer holds water. World is upside down. Cash is quicksand. 2008 was never fixed because it would hurt too much. The printing for everything since. Interest rates should be at 7% to reset all this candy floss value. You only see who us swimming naked she the tide goes out.

  4. Sepehr T

    Bitcoin has value, and usecase. But it is not to buy a cup of coffee with it. At least what it has developed to be.

    Take my country for example. Massive dictatorship, they print money that causes 40% a year inflation, and limit official foreign currency purchases unless you have a 'valid excuse'. Owning bitcoin means if they confiscate all your belongings, block all your bank account, you still will have something they can't take away unless you tell them to. Store it correctly and if you end up with only clothes on your back running to the border, you will still have all value of your bitcoin with yourself inside your head.

    Take Ukraine for example. Owning stocks in company or real state really doesn't help you now, nor does having cash in the bank. You think Ukraine wants you to take US dollar out of the country at this time?

    Bitcoin is a vessal to take your wealth from a chaotic time to a stable time in your life. And it does this job very well. It is easy to dismiss it when you live in a 'free and stable' country.

  7. Burton Cummings

    You can stuff data inside the coin and have that data do some tasks when called upon. Image your DERBY ROBOT every lap the bot completes in first place it unlocks 2 more tokens ( coupons made on blockchain) . All running on BSV Blockchain ( the timestamp server ). Using crawlers and indexed filtered information… Money , exchanges .. YUK ! ridiculous to look at it as money.

  10. Roman Regman

    Eat the rich! Eat the rich! Eat the rich!
    Until there are no more billionaires!
    Then……
    Eat the rich! Eat the rich! Eat the rich!
    Until there are no more millionaires!
    Then……
    Eat the rich! Eat the rich! Eat the rich!
    Until there are no more ….. thousand-aires???
    Then….
    Tax until nobody has anything, and everyone will be happy?!?

  11. Joseph B

    21:40 It sounds like a wealth tax would be an absolutely horrible idea. To the ignorant masses It sounds like a good idea. That is why the politicians proposed it. God help us all.

  19. Zinthe Zweihander

    From the classic meme:
    Amazon has almost no stores
    Uber owns almost no cars
    Facebook creates no content
    Alibab has no inventory
    Airbnb owns no real estate
    Netflix is not a TV channel
    Bitcoin has no physical coins

    Internet is changing the game
    *Adds: A Web3.0 financial company has no financial regulations

    Just makes sense 😀

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