Jonbwfc Just who’s motivation is ‘play so I can pay someone money to do so’? What the, and I say this with great sincerity, fuck?
Brave I mean, I knew I’d somehow landed in the upside down back to front universe sometime back in… ohhhh… 2016? Had it confirmed during the last couple of years, but that one definitely means I’m not getting out.
BritishBean https://www.engadget.com/square-enix-blockchain-games-173640368.html?src=rss&fbclid=IwAR0uArvCRhrX1Gexi8n-n-kc3BglIFCWqg9nQ9X5M7mrPnHHxuEU5c7xZ5k
Alex https://www.stephendiehl.com/blog/against-crypto.html Cryptocurrencies aren’t currencies and have no mechanism to ever become currencies. They are effectively unregulated securities where the only purpose of the products is price appreciation untethered to any economic activity. The only use case is gambling on the random price oscillations, attempting to buy low and sell high and cash out positions for wins in a real currency like dollars or euros. Yet crypto cannot create or destroy real money because unlike a stock there is no underlying company that generates income. So if you sell your crypto and make a profit in dollars, it’s exactly because a greater fool bought it at a higher price than you did. So every dollar that comes out of a cryptocurrency is because a later investor put a dollar in. They are inherently zero-sum by design, and when you take into account the casino (i.e. exchanges and miners) taking a rake on the game then the entire structure becomes strictly negative-sum. For every winner there are guaranteed to be multiple losers. It’s a game rigged by insiders by hacking human psychology. 🤌
MadAndy Jonbwfc I saw this on Twitter this morning. I genuinely could not work out if it’s a joke or not
Jonbwfc MadAndy someone in the thread claims to have verified it on the auctioneer’s website, and the price the guy paid for it was 10 (I think) times the market value.
