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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Tmac
Adventurer
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Me buying condoms was actually pretty rare, compared to how much I had sex. Good analogy!
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Asshat wormie
2023 Asshat Award Winner
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I am someone that sees the value in NFTs, but I can guarantee you this isn't it. Memorabilia is already a pretty small industry. And while it makes a lot of money, that money is largely related to the transacting of the best of the best of celebrated individuals and not you, me, or anyone on instagram. Tom Brady? Maybe. Kanye West? Maybe. Donald Trump? Maybe. 99.999999999% of people? No. And when 99.999999999% of potential users are not applicable to your use-case (as digital memorabilia) you do not have a functional or long-term business model. NFTs have use, but--again--this isn't it. Nor close. I mean, Tom Brady can already sell his ticket stubs if he wants. But the demand is probably super low and not that worth it to him.
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Arden
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Months After Shilling $3,000 ETH, Cramer Says Crypto Has “No Real Value”
Months after expressing his belief in Ethereum, Jim Cramer has declared that the cryptocurrency space has "no real value."
cryptobriefing.com
Time to buy.
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Izo
Tranny Chaser
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reavor
I'm With HER ♀
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Months After Shilling $3,000 ETH, Cramer Says Crypto Has “No Real Value”
Months after expressing his belief in Ethereum, Jim Cramer has declared that the cryptocurrency space has "no real value."
Time to buy.
its like Raajah but on TV
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Kithani
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Falstaff
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I mean Jim Cramer is at least in tv a couple times a day. Raajah is wasting time plat’ing Elden ring on two different consoles.
Tmac
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Jysin
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10:00 (US) Fed’s Brainard (vice chair): Volatility has exposed serious crytpo vulnerabilities; Crypto activities need regulation according to principles of 'like risk, like regulatory outcome'
- We cannot wait until crypto ecosystem becomes so large and interconnected that it could pose financial stability risks
- We cannot wait until crypto ecosystem becomes so large and interconnected that it could pose financial stability risks
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Tmac
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How about you deal with the volatility inflation causes first you fuckwit.
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Flobee
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Because the central planners having more control can only make things better right?
It's obvious that retail has been completely wrecked by crypto scam BS, however I don't think the Fed is going to do us any real favors here long term. I'm in favor of letting the market teach people that misallocation of funds has consequences... but that isn't popular these days.
Arden
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To a certain extent I think that works: caveat emptor. But absolutely zero regulation or oversight is as bad as overregulation. You need at least a basic framework to prevent the straight up brazen criminal enterprises from destroying the space altogether- which they are currently in danger of doing.
The problem is that instead of finding that happy medium between stopping the outright criminals and letting people make their own bad investment decisions, we will end up with overregulation.
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