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BBC cryptocurrency documentary pulled from air at last minute

theguardian.com

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Re: BBC cryptocurrency documentary pulled from air at last minute

#21

Post by pibechorro »

WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

In any open market you are going to have the whole spectrum. You fail to mention the positive transformation and liberation of millions of people by crypto. From Nigeria, to Turkey, to Argentina millions are being saved from decades of financial isolation or straight up robbery by their corrupt institutions. You look at the glass half empty my friend.

Re: BBC cryptocurrency documentary pulled from air at last minute

#23

Post by j4yav »

ben_w wrote: post #19
WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

While I generally agree with your sentiment, some of the most iconic art in the world seems to me to be poorly made and I have no idea why they are valued or admired. I don’t just mean the usual go-to controversial examples in modern art like Serrano’s “Piss Christ”[0] or Emin’s “My Bed”[1], as even some older stuff like Klimt’s “Der Kuss”[2] give me this confusion (the woman has always looked to me like she has a br…

The first two I would categorize more as anti-art (https://en.wikipedia.org/wiki/Anti-art). Modern art, which does include Klimt, is its own thing that is (relatively?) more traditional than those examples: https://en.wikipedia.org/wiki/Modern_art.

Anti-art is more like a sort of trolling meta commentary on art. The "performance art" of the art world, really. People who like it like it for the iconoclasm and/or humor of it, I think.

Re: BBC cryptocurrency documentary pulled from air at last minute

#24

Post by cuteboy19 »

luckyandroid wrote: post #11
WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

Every person I've spoken to who's told me they're interested in crypto literally only care about it to make money, and have no interest in learning how it works. They all treat every last crypto-based use as investment like stocks, and not as a normal economic choice (e.g. "I want $3000 worth of bitcoin to buy a car" is not something people are doing, instead it's all "I want $3000 worth of bitcoin because the intern…

This is largely because there is almost nothing you can do with crypto apart from speculate and gamble. The more I learn about stuff like defi the more I understand just how fractally useless crypto is.

Re: BBC cryptocurrency documentary pulled from air at last minute

#25

Post by tluyben2 »

mistrial9 wrote: post #17
cpach wrote: post #5

Earlier quoted context omitted.

Many people dream of getting rich quickly, by windfall. Buying index funds is a great and easy way to enhance your personal financial situation – over time. But you will not get rich quickly. So people still seek out alternatives that are incredibly risky and unsound.

Many people are teased and abused, for year after year after year, working hard with obvious threat of termination, while a different system of money that they have no access to, grows and grows (investments) every day in the newspaper headlines for everyone to see.

I think this is quite important; many ‘normal’ people simply struggled while others got money ‘for free’; while of course this (with stocks, houses, inheritance etc) happened all the time before crypto, that was for the rich mostly. Now it appears you can put the little money you ‘have’ into crypto and make a nice living like a rich person; make so much interest that you can live of it.

Even the careful people I know now are saying; yeah, you keep saying it’ll crash for years but it doesn’t so I am going in. And that effect is spreading. I have, in my circles, way too many people who are living off crypto interest fully.

Re: BBC cryptocurrency documentary pulled from air at last minute

#26

Post by ben_w »

j4yav wrote: post #23
ben_w wrote: post #19

Earlier quoted context omitted.

While I generally agree with your sentiment, some of the most iconic art in the world seems to me to be poorly made and I have no idea why they are valued or admired. I don’t just mean the usual go-to controversial examples in modern art like Serrano’s “Piss Christ”[0] or Emin’s “My Bed”[1], as even some older stuff like Klimt’s “Der Kuss”[2] give me this confusion (the woman has always looked to me like she has a br…

The first two I would categorize more as anti-art ( https://en.wikipedia.org/wiki/Anti-art ). Modern art, which does include Klimt, is its own thing that is (relatively?) more traditional than those examples: https://en.wikipedia.org/wiki/Modern_art . Anti-art is more like a sort of trolling meta commentary on art. The "performance art" of the art world, really. People who like it like it for the iconoclasm and/or hu…

I mean small-m modern, not the art style Modern. Synonym treadmill for words which mean “now-ish” being baked into specific periods, reminds me a bit of the meme of files called “Report_final_FINAL_2_feedback_final.doc” :)

Re: BBC cryptocurrency documentary pulled from air at last minute

#27

Post by captaincaveman »

luckyandroid wrote: post #11
WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

Every person I've spoken to who's told me they're interested in crypto literally only care about it to make money, and have no interest in learning how it works. They all treat every last crypto-based use as investment like stocks, and not as a normal economic choice (e.g. "I want $3000 worth of bitcoin to buy a car" is not something people are doing, instead it's all "I want $3000 worth of bitcoin because the intern…

Your not buying the rights, that's the most annoying thing about NFTs, that people don't get.

Re: BBC cryptocurrency documentary pulled from air at last minute

#28

Post by blfr »

globular-toast wrote: post #20
WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

Why limit it to crypto? People don't question why the value of houses seems to magically rise globally despite no tangible value being added to the assets in most cases. People don't question why Wall Street traders get rich by trading second derivatives of mortgage backed securities with each other all day. What makes a mortgage any more "real" than an NFT?

People question it all the time. And a house has obvious utility. It's also kind of a share in the city's future. It can be mispriced but it's not entirely based on hype.

Re: BBC cryptocurrency documentary pulled from air at last minute

#29

Post by dboreham »

globular-toast wrote: post #20
WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

Why limit it to crypto? People don't question why the value of houses seems to magically rise globally despite no tangible value being added to the assets in most cases. People don't question why Wall Street traders get rich by trading second derivatives of mortgage backed securities with each other all day. What makes a mortgage any more "real" than an NFT?

The magical value of houses has been a concern for decades (see numerous housing crash episodes) but there is a difference: the payment stream from a mortgage is enforced by laws and backed by the ability to take ownership of the mortgaged property. Perhaps a better comparison would be NFT vs mortgage _insurance_.

Re: BBC cryptocurrency documentary pulled from air at last minute

#30

Post by pjc50 »

mandmandam wrote: post #7
WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

Yeah. A friend the other day put it like, 'Yeah, internet conmen are charismatic'. I would guess that many people are well aware that 85+% of NFT hype is based on scams, money laundering, and bagholders. But their voices get drowned out. I feel bad for the people who fall for it; I do. And I even feel a little bad for the conmen who have to live with themselves. However, the BBC have no excuse for letting such a docu…

The BBC were not especially in support of the war - in fact, much of their problems stem from questioning the "dodgy dossier", resulting in the events of the https://en.wikipedia.org/wiki/Hutton_Inquiry and it being made clear to them that the government and security services would not accept this criticism and would take revenge for it.

> smearing Corbyn for years egregious

This really has been egregious.

> internet conmen are charismatic

Half-baked theory, but I wonder if the prevalence of voice comms - Discord, Clubhouse and its twitter ripoff - in this space is used to enable charisma to ensnare victims.

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