341–350 of 396 posts
Crypto absolutely has value, and the price of Bitcoin will never go to zero. NFTs are useful. That's because the value these things provide is money-laundering, bypassing of international financial regulations and tax fraud. Yeah that's a superb value proposition right there, and definitely something we want to keep free and available /s The current system is flawed in many, many ways, but none of it happened arbitra…
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Sometimes.. sometimes more, sometimes less. The point is there is a crypto exchange they can cash out at, in fact many.. and usually the prices are similar across exchanges. John’s pawn shop doesn’t offer the same price for the Rolex as Patricia’s pawn shop.. anyway.. not really important in the grand scheme of things. Bitcoin bad mmmkay ;)
Even if the market price of crypto is magically stable and the exchanges are perfectly in sync, you're still paying the big-ask spread plus the fees to send the crypto itself. I suspect in most cases Wise or similar would be cheaper and safer.
Today, I can buy USDC/USDT in the US, head to any country in SE Asia and sell it locally there, paying less in fees than I would with USD. No KYC on the receiving end.
Wise is a pain the KYC ass and has a lot of limits.
Slightly related. The Reddit subforum for Bitcoin is managed by people supporting the scam and they very actively promote it and will ban any opposition. I think that should be illegal.
While the "Reddit's /r/{something} is supported by people with a financial interest in {something}" can be distasteful, under what theory of law would or should it be made illegal?
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It’s an extension of the culture war. Tons of right wing culture warriors got really rich off crypto without doing anything to deserve that wealth, so left wing culture warriors are naturally opposed to it. You check out /r/Buttcoin, they also hate GameStop (valid) and Elon Musk (much less so, he’s doing great work outside of Twitter despite his immaturity) for those same fundamental reasons. It’s more of the same so…
what you wrote in parentheses is enough to not like elon. didn't he falsely accuse someone for being a pedo because they said his submarine would not have saved the people trapped in the Thailand cave?
Nevertheless, Teslas are great cars and SpaceX is doing phenomenal work in space travel. Hating Musk with a passion is extremely weird, and tons of online people really do
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It’s an extension of the culture war. Tons of right wing culture warriors got really rich off crypto without doing anything to deserve that wealth, so left wing culture warriors are naturally opposed to it. You check out /r/Buttcoin, they also hate GameStop (valid) and Elon Musk (much less so, he’s doing great work outside of Twitter despite his immaturity) for those same fundamental reasons. It’s more of the same so…
what you wrote in parentheses is enough to not like elon. didn't he falsely accuse someone for being a pedo because they said his submarine would not have saved the people trapped in the Thailand cave?
He's an idea guy, but mostly he's just an investor. A toxic, thin-skinned, sometimes fraudulent investor, but it's hard to argue with the work being done by companies like SpaceX and Tesla (not just what's being promised, but what has actually been done). IMO it's important to understand both sides of that coin.
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Yep, Stephen Diehl is not somebody to be taken seriously
Fine - Which crypto critics do you take seriously?
Which is fine, but call it what it is.
Also, he says most counterarguments are in bad faith. Foes that mean some aren't? Wouldn't refusal to address these good faith claims mean you're arguing in bad faith as well?
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what you wrote in parentheses is enough to not like elon. didn't he falsely accuse someone for being a pedo because they said his submarine would not have saved the people trapped in the Thailand cave?
I think it would be more accurate to say his companies are doing great work. He's an idea guy, but mostly he's just an investor. A toxic, thin-skinned, sometimes fraudulent investor, but it's hard to argue with the work being done by companies like SpaceX and Tesla (not just what's being promised, but what has actually been done). IMO it's important to understand both sides of that coin.
SpaceX? Undoubtedly
Tesla? Very very arguably. Even though it did kickstart the modern EV era, it is now propelled by lies, deflection and bullshit
All others are scams or provably bad.
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Houses are not nothing. You don't just get into debt without anything on the other side
Still, debt is money created out of thin air, with best hopes that air is not so thin. There were number of events where debt was looking secure, but in fact it was all thin air, and the global economy followed with a crash. It shouldn't happen if you really don't get into debt without anything on the other side, yet, it happens?
Whatever we have without crypto is different.
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While the "Reddit's /r/{something} is supported by people with a financial interest in {something}" can be distasteful, under what theory of law would or should it be made illegal?
Corruption? Scam? I don't know which universal theory of law you are talking about, but if you are actively lying or hiding information to further your own interests then that surely could and should be illegal. You'll have to construct this theory of yours yourself though.
If you are saying that someone with some stock in AAPL and would be pleased if it went up can't be a mod of /r/apple and should have criminal liability for moderating a community's activity (and would likely ban people who consistently post 'Apple is bad, buy Dell instead' or 'Avoid apple - Steve Jobs was a bad man') then you're suggesting a different thing that would be harder (in my eyes) to argue for.