US Politics - 2020 Presidential Election - GOP v Dem cage fight (ENTER AT YOUR PERIL)

[Futureshock]

Anything? Or everything, Deborah? Think this needs debated.

Why do I envision you as Ulysses Klaue

[Marko69]

Had to google this guy.....

Check this out:
Quote: An ongoing enemy of Wakanda and its people, this clever criminal would replace his lost arm with a powerful weapon.

That is awesome. My all time hero is Six Mill Doll Man........, he lost an arm....., even bought this for 15quid just last week for the winter. Going to be out walking with the Mrs doing all those irritating bionic man "da da da da da da" noises.

https://www.etsy.com/uk/listing/8648...search_click=1

[JGSpartan]

Yes, but have you heard of the Six Million Peso man?

[Futureshock]

Had to google this guy.....

Check this out:
Quote: An ongoing enemy of Wakanda and its people, this clever criminal would replace his lost arm with a powerful weapon.

That is awesome. My all time hero is Six Mill Doll Man........, he lost an arm....., even bought this for 15quid just last week for the winter. Going to be out walking with the Mrs doing all those irritating bionic man "da da da da da da" noises.

https://www.etsy.com/uk/listing/8648...search_click=1

How he lost his original...

He made it rain in da club

[Nick Pappageorgio]

OK….I’ll admit to being a bit of a Luddite here, but I’m watching the FTX Crypto collapse and I have to ask…WTF?

Please talk to me like I’m a child if I’m dead wrong here….but this seems to me that you’re taking something inherently not-valuable (like a screen/page full of 1s and 0s) and convincing people that it’s worth something? How does 14 billions dollars in value (perceived or actual) disappear in 12 hours?

Crypto, to me, at best it seems like contemporary art….and at worst it’s some sort of legal money pyramid.

I don’t understand how you can inflate the value of something worthless that has no tangible assets backing it….to billions of dollars, that can dissolve like an alka seltzer.

[Marko69]

Nick……. I’m in your queue waiting on that answer..,..,., because my youngest stepson reckons he’ll be a millionaire in a few years. 🤔 …… “Not being negative, Matt, but naw yer no!”

He lost 800 quid last month and the guy running the “suite” …… (fk off! “The suite 🤦♂️) ….. said it was due to “slippage”

Almost pissed the Y Fronts laughing.

BUT……. Always looking to be proved wrong.

[Marko69]

GREAT stuff , JGS

[chemiclord]

Crypto, in general, is a piss-poor attempt to impose scarcity on something that is inherently fiat, because a lot of pseudo-economists believe the biggest reason for debt and inflation is because most government currencies aren't backed by anything tangible.

These sort of cryptocurrencies are supposed to be the best of both worlds, the convenience of a non-physical currency and the limiting effect of a physical one. In reality, it's wound up being the worst of both worlds; the uncontrollable ballooning of value of a non-physical currency, and the inability to be flexible of a physical one. As a result, it's driven almost entirely by investor's panic rather than any logical reasoning.

Hence, you get Bitcoin going from $50k to $10k overnight, or venture capitalists eagerly trying to ride the next wave by shoveling money at whatever new crypto gets some online attention, then indignant rage when the dealer of that new crypto shockingly walks away with all the money and leaving the investors with nothing.

[-Deborah-]

Don't ask me. Hubby put in $200 in DOGECOIN and got it up to like $15,000. Did he cash out then? What do you think? 🤦♀️

Just another reason why I dislike Elon Musk.

[Futureshock]

dammit

[Iron Lion]

All the crypto exchanges and "not a bank" banks were gathered together in the parlor by the fire, and then suddenly the lights went out for a moment and everyone heard a scream. When the lights came back on, Luna was dead. And one by one, they kept dying in the dark, until at last there were none.

[DaGeezer]

OK….I’ll admit to being a bit of a Luddite here, but I’m watching the FTX Crypto collapse and I have to ask…WTF?

Please talk to me like I’m a child if I’m dead wrong here….but this seems to me that you’re taking something inherently not-valuable (like a screen/page full of 1s and 0s) and convincing people that it’s worth something? How does 14 billions dollars in value (perceived or actual) disappear in 12 hours?

Crypto, to me, at best it seems like contemporary art….and at worst it’s some sort of legal money pyramid.

I don’t understand how you can inflate the value of something worthless that has no tangible assets backing it….to billions of dollars, that can dissolve like an alka seltzer.

Actually, your analogy to contemporary art is pretty close. Assuming someone would trade something of value for a contemporary painting. (see Hunter Biden, artist).

Crypto has one value and one purpose. That is to be a medium of exchange for transactions that participants don't want a regulatory agency to see. Be it for run-of-the-mill income tax evasion or other kinds of nefarious activity (like paying for drugs or paying ransom to a kidnapper), crypto has a value if others see a value in it. So you have a "private" currency used to commit all forms of financial crime.

[ghandi]

OK….I’ll admit to being a bit of a Luddite here, but I’m watching the FTX Crypto collapse and I have to ask…WTF?

Please talk to me like I’m a child if I’m dead wrong here….but this seems to me that you’re taking something inherently not-valuable (like a screen/page full of 1s and 0s) and convincing people that it’s worth something? How does 14 billions dollars in value (perceived or actual) disappear in 12 hours?

Crypto, to me, at best it seems like contemporary art….and at worst it’s some sort of legal money pyramid.

I don’t understand how you can inflate the value of something worthless that has no tangible assets backing it….to billions of dollars, that can dissolve like an alka seltzer.

welcome to the 21st century.....where people try to convince others that fake is real and has value.....It's just another in a long line of scams in our lifetimes.

[Nick Pappageorgio]

Ahh…money laundering. I can see the value there.

if this kid lost $14b…money from the types of guys who need money laundered…he’s gonna need more than bankruptcy protections

[froot loops]

To me crypto always seem to be the product of a greater fools theory. The only thing I was interested in is the computing power needed to create it, that seemed interesting.