RIP Bitcoin

**Edmond** · 18-07-2022, 03:20 PM

Best clean the coke off me weighing scales.

**Joe 90** · 19-07-2022, 04:07 AM

**Edmond** · 12-08-2022, 02:50 PM

Originally Posted by Edmond

22,300

$24,000

**Iceman123** · 12-08-2022, 07:02 PM

^
You’ll end up with more dough than Windy Miller

**Bogon** · 12-08-2022, 08:43 PM

^ Or will have to give sexual favours to Pugh, Pugh, Barney McGrew, Cuthbert, Dibble and Grub to buy the dip.

**Edmond** · 12-08-2022, 09:19 PM

I don't suppose any of those are females, or at the very least willing to wear a latex snail costume.

**Reg Dingle** · 12-08-2022, 11:02 PM

^ None are available on Craigslist.th personals

**Edmond** · 12-08-2022, 11:08 PM

^ You haven't checked the Wanted section.

**Edmond** · 26-10-2022, 03:09 PM

Bitty snails its way past the 20k barrier.

**YourDaddy** · 10-11-2022, 02:25 AM

You can't trust Americans with your money

Tom Brady risks losing ENTIRE investment after FTX exchange he plunged fortune into crash | Daily Mail Online

Sorry I meant these guys

**Reg Dingle** · 10-11-2022, 04:28 AM

^^Pray for Eddy

**Edmond** · 10-11-2022, 06:41 AM

^ Fantastic time to buy.

**Buckaroo Banzai** · 10-11-2022, 07:08 AM

the quote attributed to Dr. John Bridges
"a fool and his money are soon parted" sure applies in this instance.
of course it does not hurt if you are the one to do the "parting" because the scheme relies in "the greater fool theory"
where . "yes of course it is foolish to pay this price, but there is a greater fool who would pay more".
Remember!!
Greed is the bases for every good scam

**aging one** · 10-11-2022, 07:36 AM

Originally Posted by Edmond

^ Fantastic time to buy.

Says trust fund boy.

**Edmond** · 10-11-2022, 08:07 AM

Originally Posted by Buckaroo Banzai

"a fool and his money are soon parted" sure applies in this instance.

Yeah, Dill would still be up.

If he didn't panic and sell at a massive loss.

**aging one** · 10-11-2022, 01:46 PM

Originally Posted by YourDaddy

You can't trust Americans with your money

Says the moron who invested $200,000 in crypto just a few months ago..

**Bogon** · 10-11-2022, 07:27 PM

Originally Posted by Edmond

Yeah, Dill would still be up.

If he didn't panic and sell at a massive loss.

Yep, if he held his nerve 2 and a half years ago, that 50 quid would now be worth 52.58p.

What a mug he was.

**baldrick** · 11-11-2022, 12:28 PM

more exchange woes - FTX was betting with customers funds - Sam Bankman-Fried was another bullsh1t artist in a long line of sh1tspeakers

Richard Heat is next - I hope none of our members are involved in his HEX ponzi or pulse

and DeFi is a dumpster fire - they have all been betting with customer funds

BlockFi is about to implode

**PlanK** · 11-11-2022, 01:10 PM

Thank God the SEC is there is protect us and provide regulatory clarity.

Oh, wait... All they've been doing is harassing legit crypto projects that compete with their big banking buddies and trying to score some cheap PR points against useless celebs in the media. SEC is the corrupt cop on the beat protecting SBF with his large campaign donations and ETH which is basically JPM's front for crypto.

Keep your keys safe, use DEXs where possible, and wait for true DeFi.

**baldrick** · 11-11-2022, 02:34 PM

Originally Posted by PlanK

legit crypto projects

anything that can be influenced by the SEC or any government is by definition not a legit crypto project - a real crypto currency is really decentralized and unable to be touched by the bureaucracies

**PlanK** · 11-11-2022, 03:14 PM

Originally Posted by baldrick

a real crypto currency is really decentralized and unable to be touched by the bureaucracies

So then there are no real cryptocurrencies. Fiat is still the #1 currency and has to be used to buy crypto. That means there has to be on-boarding ramps like banks. They are all heavily regulated by government bureaucracies. Turn off that tap and crypto does actually become just magic internet money used by a few nerds shouting "Revolution!" on the interwebs.

The answer is evolution, not revolution. A proper framework has to be established that let's crypto provide the utility it promises while also having some regulation that will stop more of these non-transparent frauds from dominating the headlines with their Ponzi schemes. 'Move fast and break things' is a common saying in the tech arena. I don't think it's appropriate for finance. We only need to look at Tera Luna, FTX, 3AC etc to see that it's not a good approach.

I understand the crypto dream of a wholly interconnected, decentralized world but it's not something you can just flip a switch and achieve overnight.

**PlanK** · 11-11-2022, 04:27 PM

Now FTX.US is rumoured to be having issues.

**baldrick** · 11-11-2022, 05:00 PM

Originally Posted by PlanK

decentralized world

if you have a centralised entity that has the control over the currency then you can be sure the bureaucracies will have at it

Originally Posted by PlanK

Fiat is still the #1 currency and has to be used to buy crypto.

there will be central bank cryptos and they will be tradable

**PlanK** · 11-11-2022, 05:56 PM

Originally Posted by baldrick

there will be central bank cryptos and they will be tradable

CBDCs will still be programmable money, so they could theoretically come with all sorts of tracing or even worse, conditions that can be imposed for better or worse.

Good: A stimulus check that can only be spent in local economy.
Bad: Where you spend it contributes to your 'Social Credit' score as a measure of your worth as a good citizen of the state.

Will the powers that be just let them be free-for-all money that can be laundered/used to fund terrorism? Maybe with enough social pressure from voters/social media.

**YourDaddy** · 11-11-2022, 08:36 PM

Originally Posted by aging one

Says the moron who invested $200,000 in crypto just a few months ago..

Didn't you notice you are being completely ignored, yet your obsession and creepy stalking continues?

Thread: RIP Bitcoin

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