General Discussion

brush

(58,662 posts)

54. I'd rather go to Vegas if I want to take that kind of chance with my money.

Thu Dec 26, 2024, 06:19 PM

Dec 26

There are periodic run-ups in value then collapses (thefts) with crypto. See Sam Bankman-fried: How to get rich quick, not get out in time before someone, or you yourself steal everyone else's money from the wallet, then go to jail after finally getting caught.

Vegas is quicker.

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I was just thinking. Do you (like me) think that BITCOIN [View all] bluestarone Dec 25 OP

In addition... 2naSalit Dec 25 #1

No Lulu KC Dec 25 #2

Well, if nothing else it's the best money laundering bluestarone Dec 25 #3

They wrote after Trump's 2020 defeat, not after is recent win. I'd like to know what they think now. nt pnwmom Dec 25 #27

Here's something Lulu KC Dec 25 #37

The original goal, IIRC, was to bypass the banking system. usonian Dec 25 #4

crypto currency, of any stripe, is such a farce Trailrider1951 Dec 25 #5

Agree! bluestarone Dec 25 #7

It's mostly a younger people thing & they are making money womanofthehills Dec 25 #14

I agree. Maybe THAT was also part of these assholes plans? bluestarone Dec 25 #15

I have a friend (44) who is heavily into it. CanonRay Dec 25 #22

I'd rather go to Vegas if I want to take that kind of chance with my money. brush Dec 26 #54

I'm not a fan of Bitcoin but Disaffected Dec 25 #16

It's in here Lulu KC Dec 25 #38

Where is it? Disaffected Dec 26 #40

The article talks about how much power is used to "harvest" bitcoin Lulu KC Dec 26 #41

All internet related monetary transactions, including blockchains, obviously need electricity Disaffected Dec 26 #46

Got it Lulu KC Dec 26 #47

True, but a quantum compute break of blockchain security... getagrip_already Dec 26 #52

This is so far beyond my level of understanding right now Lulu KC Dec 27 #55

That's not true all confoosed Dec 26 #50

BITCOIN One World Government monetary system. Emile Dec 25 #6

I was with one of my husbands maga nephews last night and he is big into bitcoin kimbutgar Dec 25 #8

Today its just another example of "the greater fool" theory. Callie1979 Dec 25 #9

I get that moose65 Dec 25 #29

This is comforting Lulu KC Dec 26 #42

There's nothing backing it. It's a form of gambling. Joinfortmill Dec 25 #31

The only thing backing bitcoins are the US dollars and Euro dollars that people are trading for bitcoins FakeNoose Dec 25 #39

Easily stolen or lost. Then there is it's based on stock market. Blue Full Moon Dec 26 #45

If they ever bring back "Pet Rocks" I've already oasis Dec 25 #10

Amazing how todays Americans became so how should i say bluestarone Dec 25 #12

One side of any deal using Bitcoin for a transaction is a fool. Callie1979 Dec 25 #11

It seems to me to be anciano Dec 25 #13

I would have guessed that the original purpose was tax evasion. EarnestPutz Dec 25 #17

I tried to put a bitcoin in the parking meter the other day. defacto7 Dec 25 #18

lol! bluestarone Dec 25 #20

I do think it's a scam, yeah Jilly_in_VA Dec 25 #19

Here's a decent Trump/Bitcoin/US Treasury piece- Snarkoleptic Dec 25 #21

It is a way to circumvent banking laws Trenzalore Dec 25 #23

A few years ago, enigmania Dec 25 #24

Stay away from Bitcoin! Aussie105 Dec 25 #25

Saw an ad on TV this afternoon BOSSHOG Dec 25 #26

Harder to track income ....taxes underpants Dec 25 #28

Crypto is the "You knew damn well I was a snake..." dchill Dec 25 #30

I always get "the internet is a series of tubes" vibes awesomerwb1 Dec 25 #32

I would no sooner buy Bitcoin or any other crypto currency... A HERETIC I AM Dec 25 #33

No JCMach1 Dec 25 #34

YES! Jrsygrl96 Dec 25 #35

Seems to me to be a notinkansas Dec 25 #36

Some people already do think he's the "chosen one" Lulu KC Dec 26 #43

For all the supposed activity in crypto DFW Dec 26 #44

If someone gives you a bitcoin... Alephy Dec 26 #53

No Deep State Witch Dec 26 #48

Econ professor described gold as this... Xolodno Dec 26 #49

Crypto is for Criming - by Paul Krugman FalloutShelter Dec 26 #51

The Objective: Put the US taxpayer on the hook. Kid Berwyn Dec 27 #56

No. sakabatou Dec 27 #57