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The crypto crisis has created an advertising vacuum

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Re: The crypto crisis has created an advertising vacuum

#71

Post by JumpCrisscross »

ditonal wrote: post #63
hn_throwaway_99 wrote: post #3

"And nothing of value was lost." This was one of the top voted posts in the Austin subreddit recently: https://old.reddit.com/r/Austin/comments/vmtmul/finally_some... Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession. I don't…

Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping. But…have people actually looked around? Airbnb stock is down 80% in the last 6 months. Netflix, Twilio,…

The difference, as always, is leverage. I don’t think there is as much leverage built on top of Airbnb stock as there is on Bitcoin. Airbnb crashing 80% didn’t take any funds out of business.

Re: The crypto crisis has created an advertising vacuum

#72

Post by junofan »

mjburgess wrote: post #50

A friendly reminder that crypto is negative-sum. If everyone who has taken money out returns it to everyone who has put money in, then there's a net loss. Why? Because money was taken out to pay the electric companies for mining, to the tune of 10-20Bn so far. Has that money generated real returns anywhere? Nope. Nothing was manufactured, created, or improved. The sum is negative. All past and present holders of cryp…

If I buy Monero using dollars and use the Monero to transact anonymously, what have I lost without realizing it?

Re: The crypto crisis has created an advertising vacuum

#73

Post by hprotagonist »

labrador wrote: post #55
hprotagonist wrote: post #48

Earlier quoted context omitted.

“on” is a new yorker thing. Did you move to the northeast? https://www.merriam-webster.com/words-at-play/is-it-on-line-...

No, I've lived in California my whole life. I figured "on" came from the East, but I've only heard it British shows. I've also picked up a term I really like from the Brits (I think it's them): "get things sorted", "get it sorted"

perhaps some of ours came west :)

Re: The crypto crisis has created an advertising vacuum

#74

Post by rr808 »

ditonal wrote: post #63
hn_throwaway_99 wrote: post #3

"And nothing of value was lost." This was one of the top voted posts in the Austin subreddit recently: https://old.reddit.com/r/Austin/comments/vmtmul/finally_some... Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession. I don't…

Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping. But…have people actually looked around? Airbnb stock is down 80% in the last 6 months. Netflix, Twilio,…

airbnb is crazy expensive still. Still market cap of $60bil, 4x Expedia. For a booking website? smdh

Re: The crypto crisis has created an advertising vacuum

#75

Post by brianobush »

cehrlich wrote: post #6
xwdv wrote: post #5

Bitcoin has been dropping about 10k per month the last few months. The next big 10k drop should come around the middle of July, and in August I predict the price will be in the low thousands.

I'm also bearish on crypto, but by that logic it will be at -10k three months from now.

That would be an amazing price entry!

Re: The crypto crisis has created an advertising vacuum

#76

Post by loeg »

ditonal wrote: post #63
hn_throwaway_99 wrote: post #3

"And nothing of value was lost." This was one of the top voted posts in the Austin subreddit recently: https://old.reddit.com/r/Austin/comments/vmtmul/finally_some... Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession. I don't…

Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping. But…have people actually looked around? Airbnb stock is down 80% in the last 6 months. Netflix, Twilio,…

Actually, anti-crypto sentiment is good and pro-crypto sentiment isn’t. “Both-sidesing” this is nonsense.

Re: The crypto crisis has created an advertising vacuum

#77

Post by labrador »

labrador wrote: post #57
brendoelfrendo wrote: post #44

Earlier quoted context omitted.

> When I was growing up in America, people said they "had to stand in line" but now they say "had to stand on line" Is this a generational/regional thing? I'm an East Coast millennial and I never hear people say "stand on line." The "in a minute" example I believe comes from AAVE, if it was present in The Wire it was probably common in the Baltimore lexicon long before that show hit HBO.

For those wondering like me, AAVE is "African American Vernacular Language"

This is a case where I wish the person that downvoted me would leave a comment. What did I do wrong?

Re: The crypto crisis has created an advertising vacuum

#78

Post by cowtools »

ditonal wrote: post #63
hn_throwaway_99 wrote: post #3

"And nothing of value was lost." This was one of the top voted posts in the Austin subreddit recently: https://old.reddit.com/r/Austin/comments/vmtmul/finally_some... Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession. I don't…

Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping. But…have people actually looked around? Airbnb stock is down 80% in the last 6 months. Netflix, Twilio,…

> Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers.

I think it's reasonably skeptical. There is a balance here.

> People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping.

I like crypto and even I am rooting for the crash. There is simply too much hype and investment in useless projects, it distracts from the actually useful crypto projects, and is generally bad for the development of cryptocurrency as a whole

Re: The crypto crisis has created an advertising vacuum

#79

Post by mdm12 »

Retric wrote: post #43
mdm12 wrote: post #34

Earlier quoted context omitted.

Apparently, the average investor's position for BTC in Coinbase is around 21k, per some Mizuho survey: https://www.investing.com/news/stock-market-news/survey-show... . So, many folks are underwater on their so-called 'investment'.

Average is generally a poor way of approximating monetary distributions. If 6 people buy in at 15k and 1 person buys in at 60k they average to 21.5k. That said, clearly a lot of people are underwater.

It was the only data point I could find, but fair point. I amended my comment for pedantic's sake :)

Re: The crypto crisis has created an advertising vacuum

#80

Post by cowtools »

loeg wrote: post #76
ditonal wrote: post #63

Earlier quoted context omitted.

Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping. But…have people actually looked around? Airbnb stock is down 80% in the last 6 months. Netflix, Twilio,…

Actually, anti-crypto sentiment is good and pro-crypto sentiment isn’t. “Both-sidesing” this is nonsense.

are cryptocurrency supporters "literally hitler" now?
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