311–320 of 350 posts
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What denial? It is an excellent way to gamble or launder money. That's not changed, but it's not expanded either.
Bitcoin is the only sound money in existence. It will slowly devour fiat currency over time and humanity will benefit. There are quite a few similarities to the fall of monarchies.
It is one of the best instruments for speculating on the extent of human idiocy.
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Gambling, money laundering, and more gambling. This is just a repeat of all the companies that promised people could get rich using them, then the price collapsed and they all died.
Question was asking for companies doing well that weren’t exchanges.
> What denial? It is an excellent way to gamble or launder money. That's not changed, but it's not expanded either.
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Gambling, money laundering, and more gambling. This is just a repeat of all the companies that promised people could get rich using them, then the price collapsed and they all died.
Less money laundering than cash obviously
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> inconsequential $100k bonus in my portfolio It seems we are truly ducking poor here in the EU. My parents have been running a farm for 40 years in the Netherlands and they’re doing well financially. Still, $100k is not inconsequential for them!
The world is split into two kids of people: the ones that have managed to take advantage of the massive financialization of the world, and the ones who haven’t.
This group is further split into two kinds of people: Those who had an opportunity to take advantage of the massive financialization of the world, and those who weren't afforded that opportunity.
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Go to South Africa and tell me if it feels safe. Specifically the rich areas.
Funny you say that - I was just in Johannesburg- which neighborhoods are you referring to?
But Clifton and Camps Bay were super nice. One late night I made a sandwich for the security guard my friend's neighborhood had to hire to stand outside with a kalashankof at night, he was grateful.
Compare that to other more poor African nations, there isn't 1/1000 the tension in the air as there is in SA. The reason for that is the extreme difference in wealth tied to racial tensions.
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Ok, where are the bad things from this century caused directly from rich people getting richer and nothing else? And moreover - tell me how your prosperity harms the poorest in the world and what you’re doing to reduce that gap between you and them.
> where are the bad things from this century caused directly from rich people getting richer and nothing else? Tell me you’re oblivious to the world around you without telling me you are oblivious. Are you arguing that income inequality is good? Or that it’s simply nothing to worry about? Because I agree with neither.
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2 out of the 3 companies you listed have nothing to do with crypto.
Polymarket and Stake use crypto on the backend to facilitate the gambling. It's actually quite functional for that speaking as someone who's used Polymarket.
Mainstream adoption seems farther away due to this recent price spike. The money is attracting the wrong people, as it usually does.
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> inconsequential $100k bonus in my portfolio It seems we are truly ducking poor here in the EU. My parents have been running a farm for 40 years in the Netherlands and they’re doing well financially. Still, $100k is not inconsequential for them!
Nearly half of folks in the US have no way of paying an unexpected $1,000 expense. $100,000 isn't inconsequential to the majority of the world.
Would love to see some data, as anecdotally, living in the Bay Area, I cannot at all relate to your comment given the massive amount of wealth virtually anyone I know has. People routinely drop $1k on a couple of mid-tier restaurant dinners around here (restaurant prices show that a drink these days is $25, crazy, good thing I stopped consuming alcohol), which I do understand is an outlier. Thanks.
$1k, $10k, $100k. Watching this nonsensical hype at every stage left me in disbelief. Funny thing is after all these years I’m finally realizing there’s no reason whatsoever why it couldn’t hit $1M, $1B, or go back to $1. Anytime we see a dollar symbol we assume something has value like a traditional asset, tied to tangible or measurable things like material costs, a company’s quarterly earnings, etc. But cryptocurre…
The amount of money flowing into it has been a real shock. I too played with bitcoin many years ago, mining on my CPU. Like a sucker I got rid of it because it clearly was not useful at its stated purpose. Why have we created an economy where this kind of speculation is rewarded so highly, while it contributes nothing back to society? It's nonsensical. But once you accept that finance is kind of ridiculous (and compl…