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Thread: RIP Bitcoin

  1. #8926
    Making people dance. :-)
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    Best clean the coke off me weighing scales.

  2. #8927
    Isle of discombobulation Joe 90's Avatar
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    RIP Bitcoin-20220715_172735-jpg


  3. #8928
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    Quote Originally Posted by Edmond View Post
    22,300

    $24,000

  4. #8929
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    ^
    You’ll end up with more dough than Windy Miller

  5. #8930
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    ^ Or will have to give sexual favours to Pugh, Pugh, Barney McGrew, Cuthbert, Dibble and Grub to buy the dip.

  6. #8931
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    I don't suppose any of those are females, or at the very least willing to wear a latex snail costume.

  7. #8932
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    ^ None are available on Craigslist.th personals

  8. #8933
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    ^ You haven't checked the Wanted section.

  9. #8934
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    Bitty snails its way past the 20k barrier.

  10. #8935
    Thailand Expat YourDaddy's Avatar
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  11. #8936
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    ^^Pray for Eddy


  12. #8937
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    ^ Fantastic time to buy.

  13. #8938
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    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
    The sooner you fall behind, the more time you have to catch up.

  14. #8939
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    Quote Originally Posted by Edmond View Post
    ^ Fantastic time to buy.
    Says trust fund boy.

  15. #8940
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    Quote Originally Posted by Buckaroo Banzai View Post
    "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.

  16. #8941
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    Quote Originally Posted by YourDaddy View Post
    You can't trust Americans with your money
    Says the moron who invested $200,000 in crypto just a few months ago..

  17. #8942
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    Quote Originally Posted by Edmond View Post
    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.

  18. #8943
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    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
    Last edited by baldrick; 11-11-2022 at 12:46 PM.

  19. #8944
    I Amn't In Jail PlanK's Avatar
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    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.

    RIP Bitcoin-aqemx1r_460s-jpg

    Keep your keys safe, use DEXs where possible, and wait for true DeFi.
    Some people think it don't, but it be.

  20. #8945
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by PlanK View Post
    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

  21. #8946
    I Amn't In Jail PlanK's Avatar
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    Quote Originally Posted by baldrick View Post
    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.

  22. #8947
    I Amn't In Jail PlanK's Avatar
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    Now FTX.US is rumoured to be having issues.

  23. #8948
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by PlanK View Post
    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

    Quote Originally Posted by PlanK View Post
    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

  24. #8949
    I Amn't In Jail PlanK's Avatar
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    Quote Originally Posted by baldrick View Post
    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.

  25. #8950
    Thailand Expat YourDaddy's Avatar
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    Quote Originally Posted by aging one View Post
    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?

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