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!
Mist
REEEEeyore
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The Top 40 Substack Newsletters by Organic Traffic (in case you were wondering)
Substack doesn't publicly state what the most popular newsletters are. So I found out and showed them here.
jjpryor.substack.com
Most of the people decried as "journalists" by people who "don't like journalists" are not actually journalists, they're commentators. IE: Andrew Sullivan is a commentator, Glenn Greenwald and Matt Tiabbi are actual journalists that also write editorial commentary.
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The Top 40 Substack Newsletters by Organic Traffic (in case you were wondering)
Substack doesn't publicly state what the most popular newsletters are. So I found out and showed them here.
Most of the people decried as "journalists" by people who "don't like journalists" are not actually journalists, they're commentators. IE: Andrew Sullivan is a commentator, Glenn Greenwald and Matt Tiabbi are actual journalists that also write editorial commentary.
well that's just part of the same evolution of journalism in the 2007-2008 post financial crash, smartphone + social media era. News became about narratives, newspapers had to find new content to populate websites 24/7 instead of 7 daily editions. They filled that space with opinion columnists. Bad takes drive rage clicks and comments BTL.
Mist
REEEEeyore
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I had a long post typed up but it boils down to this:
If you think news media being mainly about narratives is a new thing, or that they're the worst they've ever been, then you know absolutely nothing about history.
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Singh'sSpot
Blackwing Lair Raider
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Big Phoenix
Pronouns: zie/zhem/zer
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Thats what anyone with half a brain has said since the inception of cryptocurrency.
Mist
REEEEeyore
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Na, a whole bunch of really smart people were the ones doing the fleecing and quite a few other really smart people got duped.
Psychological research shows that being smarter doesn't actually affect your overall susceptibility to being manipulated, it just changes what attack vectors are more likely to be successful at manipulating you. Rephrased: Everyone is basically equally gullible, just different types of people are gullible about different things.
Big Phoenix
Pronouns: zie/zhem/zer
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I understand a lot of smart people happily went along with the scams hoping to make money but If you where legitimately duped by FTX or any of the other million crypto scams, you are not a smart person.
Mist
REEEEeyore
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It's easy to say this shit in hindsight. At the rate that world governments were printing money and asset valuations were going crazy, it was reasonable to believe that crypto was a possible good hedge against the resulting inflation that was happening. Any port in a storm. The remarkable sudden burst of fiscal responsibility from the Fed materially changed the situation.
Sanrith Descartes
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Sanrith Descartes
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Flobee
Vyemm Raider
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Bitcoin IS a good hedge against fiat debasement. Whether one gets scammed or not isn't due to their intelligence generally, its due to their willingness and curiosity required to do the work. If you rely on someone else to tell you how stuff works you're going to get wrecked. If you're willing to figure it out for yourself you've got a much better chance.
Altcoin garbage is a result of lack of effort to understand why Bitcoin exists in the first place and what it does. "Blockchain" is just a scam for lazy people who want some chucklehead on Youtube to tell them what to buy to get rich
Altcoin garbage is a result of lack of effort to understand why Bitcoin exists in the first place and what it does. "Blockchain" is just a scam for lazy people who want some chucklehead on Youtube to tell them what to buy to get rich
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Asshat wormie
2023 Asshat Award Winner
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Edaw
Parody
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Sanrith Descartes
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Sanrith Descartes
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Seeing talk about pulling coins out of Coinbase. Whether founded or not, i expect Coin to take a threashing in the morning.
Edaw
Parody
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Likely, this is just the start of the run. Feds will have to get involved with crypto now just to hide what happened at FTX behind 'investigations'. Hard to imagine it was the only place this type of shenanigans went on.