[m3s]

If crypto has a future.....it will be controlled and backed by the government.

This is almost as rich as the time you claimed inflation is good for GICs as long as you shop at goodwill

Almost

Get serious and get educated.

Yes serious education from the old man who thinks communism is the solution to all our problems

No thanks

 

[m3s]

The CFTC had a very serious and informative hearing on digital assets just this morning

sags prefers to get his education from random clickbait bloggers and CNBC shilling for ads for erectile dysfunction and shingles

 

[sags]

Total horse manure and economic ignorance is what drives crypto.

 

[m3s]

It is no different than selling one of my baseball cards to the neighbor for $100 and then assigning the remaining 10,000 cards with a market cap of $1,000,000.

Total horse manure is what drives crypto.

So you don't even understand what volume or liquidity depth is yet

It amazes me how much young kids are learning about economics thanks to these new markets

It also amazes me how little some old people understand

 

[MrBlackhill]

Crypto may be just a joke, a scam, a Ponzi scheme, but it'll reach new all-time high in the near future, because...

Institutions, hedge funds, big whales are all having fun with this new worldwide casino-like game where they can even more easily manipulate the market so they buy low, sell high while the euphoric retail "investors" (speculators) buy high and sell low.

And with all the crypto ETFs, some companies accepting crypto, all this just started recently, so the game just started, it's being accepted as a fun game to be part of.

We all know that like casinos (owned by the government in Canada, wonder why), this worldwide casino will profit the rich.

Government of Canada will happily tax the gains.

 

[sags]

Crypto money is lining the pockets of sympathetic politicians, some of whom sit on the committees that are supposed to be regulating them.

Companies claiming to be "stable coins" backed by real assets are refusing to disclose those assets. They are boldly refusing to be audited.

What bank, company, or individual would be able to tell the CRA, IRA, or regulators to "take a hike" ?

 

[sags]

Volume and liquidity for a worthless asset.........too funny.

Ponzie and pyramid schemes have volume and liquidity.........until they don't.

 

[m3s]

Who cares about volume and liquidity for a worthless asset ?

You've repeatedly shown that you have very little understanding of basic finances and unwillingness to learn so it's pointless to explain to you again

Go watch the CFTC hearing if you want to start learning something substantial about the topic from very knowledgeable people

Of course you prefer to watch to Jim Cramer and it shows

 

[sags]

Anyone under the age of 40 has never experienced anything but easy money in the markets, but are the pimple faced economic experts for crypto dudes.

The lack of knowledge and experience is being revealed as the tide flows out......and they were indeed swimming naked.

 

[m3s]

Anyone under the age of 40 has never experienced anything but easy money in the markets, but are the pimple faced economic experts for crypto dudes.

The lack of knowledge and experience is being revealed as the tide flows out......and it looks like they were swimming naked.

Sure sags

You've clearly shown your depth of knowledge time and time again

Most users have blocked you

 

[sags]

It is embarrassing when the crypto platforms and exchanges go belly up in the water......a "pickle on a platter" level of embarrassment.

 

[m3s]

It is embarrassing when the crypto platforms and exchanges go belly up in the water......a "pickle on a platter" level of embarrassment.

Not at all. The point is to use a decentralized blockchain not a centralized exchange

It's embarrassing when you spend 10 years on here and think inflation is good for GICs

Why do you think so many users have blocked you specifically

 

[MrMatt]

Crypto is nothing more than an elaborate scam, with "crypto companies" providing "loans and liquidity" to each other using worthless crypto.

The numbers are all made up. Market cap for worthless tokens is a joke metric. The digital tokens have no intrinsic value.

Assigning a market cap of billions to a company based on how many worthless digital tokens they created is pure economic bullshit.

Sags creates 100 million Sags digital tokens and sells a million of them for $1 each to another crypto firm to establish a "market price".

Actual money never changes hands and the crypto firm buyer is doing the same thing and all they are doing is shuffling digital coins back and forth.

There is no utilitarian use for the tokens and no intrinsic value, but somehow the market value of Sags became $100 million due to one transaction ?

It is all done to make the coins look valuable, present a high value market cap that is made up, so they can sell more tokens to the gullible.

The gullible don't care what the coins do. They just believe they are going to go up in value and they can sell them for an easy profit.

Crypto is the ultimate get rich quick scam.

LOL...........

That's why I wouldn't buy SAGScoin.

But what about an NFT that is a concert ticket?
The paper ticket is $50.
How much is the NFT ticket for similar seats at the same event worth?
I would say that NFT is legitimately worth $50.

Just because there are scam crypto, or scam businesses, or scam stocks doesn't mean 100% of all those categories are scams.

Just because you don't see the use or value of the technology doesn't mean it's useless.
There are people who don't think the internet is useful.

 

[MrMatt]

Companies claiming to be "stable coins" backed by real assets are refusing to disclose those assets. They are boldly refusing to be audited.

So?
I don't invest in companies that refuse to be audited either.

 

[sags]

Who uses paper tickets anymore ?

The NFT isn't worth any more than an online ticket to scan at the door.

The $50 is for admittance past the door.......not the paper ticket, online scan of a ticket, or an NFT of the ticket.

I am still waiting for an example of an actual useful purpose for crypto.

There isn't any. It is a purely speculative novelty based on the "greater fool" and FOMO theories, and it has already begun the final descent into history.

 

[m3s]

Tickets are one of the endless use cases for NFTs

It will cut out middlemen, bots, scalpers and scammers. You can have royalties on resales, rewards for loyalties and lottery draws airdropped to ticket holders

Some people struggle to imagine new things. I remember when people thought the same about the internet and smartphones etc

 

[sags]

Or you can just continue to download the ticket to your phone.

 

[m3s]

Or you can just continue to download the ticket to your phone.

Yes just like the boomers said about internet, email, smartphones etc

We could even pull up the comments about smartphones on this forum

 

[sags]

Another day......another major "defi" hack.

The decentralized concept is revealing itself to be poorly structured with weak security.

So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance.

$100 million worth of crypto has been stolen in another major hack

Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony.

www.cnbc.com

 

[m3s]

The decentralized concept is revealing itself to be poorly structured with weak security.

So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance.

A bridge is not a "decentralized concept" It's a highly centralized choke point that custodies your assets and there's no good reason to use them

It's like giving your bank login information to a 3rd party API and then saying the bank had weak security and was poorly structured when you gave up custody of your credentials

Stupid is what stupid does

It's sad how CNBC and all the mainstream media where boomers get their "news" are just clickbait versions of old tweets

They don't even explain anything it's just for boomers to share something that they don't understand to spread their clickbait ad revenue

Even Twitter posts now are basically influencers versions on things that happened on discord last week. So by the time it hits the boomers it's ancient news