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In reply to the discussion: So is Crypto a pyramid scheme or something else? [View all]Celerity
(46,866 posts)82. No, I did not illustrate your point at all, sorry.
Also, you said:
I just hope you have the stones bookmark this thread and find me the next time the bottom falls out of the crypto market and we SEE who's "right"
Number one, I am a cis-gender female, and as such I do not have 'stones', so you can bin that misogynistic framing that having testicles somehow imparts courage.
There have been a very large number of replies over the last 10 plus years here (as shown by other DUers, some who far pre-date me with my 6 and a half years on DU) who said it was dead, worthless, a scam, a tulip bubble (I have show repeatedly why that is a fatally logic-flawed analogy), etc etc, with many of them exhibiting little no knowledge of how crypto (not just currency, but blockchain tech in general) actually works. Many even preface their doom with 'I do not understand crypto and blockchaim at all' admissions.
Over the course of that decade plus, those doom-casters (whether old school or later-on joiners) have been consistently wrong when you look at the long arc. Over, and over, and over.
Their positings have been shown to be faulty for many years, yet the same projections are just doubled-down upon, then doubled down upon again, and again, and again, in, as I already stated, a Martingale-style fashion. They simply repeat the same thing over and over, and when they were shown to be wrong multiple times, over the span of many years in some cases, they just keep on going, in hope that the next time they will finally become permanently right.
At some point, the doom-casters lose their credibility, over their long runs of predictive failure, yet they know they are dealing with an audience here on DU that is (partially) far too often ready to just accept the endless incorrect claims, as well as giving out pats on the back to those doomsters, as the doomsters are fulfilling that part of the DU audience's preconceptions and wishes. The failed doomster prediction-makers are thus free to just continue the endless double-downing, no matter how many times they are shown to be in error.
Bookmark away.
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It is the perfect currency for criminals (drug cartels, gun runners, human traffickers, rogue nation states, etc.)
waterwatcher123
Dec 7
#54
That's the thing... BTC is NOT used as a token of exchange for anything other than money laundering by tha VAST majority
Happy Hoosier
Dec 7
#33
Not sure, but if I recall correctly, when you make a reply, the "powers" button below it becomes active for you
Attilatheblond
Dec 7
#53
DU is probably the worst possible place to discuss BTC that I have seen. Years ago, a DU poster put up dozens of
Celerity
Dec 7
#9
I do not mine BTC or any other crypto currency, nor do I trade in BTC or any other crypto currency.
Celerity
Dec 8
#85
well, at least you didn't spend 10,000 BTC on 2 pizzas................ (worth roughly 1 BILLION USD now)
Celerity
Dec 7
#68
Fatally flawed analogy, and one that has been trotted out here continously long before I joined DU in mid-2018, as
Celerity
Dec 7
#40
Crypto is electronic barter wrapped around a restrained supply of medallions
bucolic_frolic
Dec 7
#27
All currency not based an a physical commodity, but traded in markets are a scheme and a process of continual ...
marble falls
Dec 7
#36