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Nope, lots of people here are just like me: proud salty nocoiners. We poor old salty nocoiners can only wipe our flowing tears with the 100$ rags from our fat

Nope, lots of people here are just like me: proud salty nocoiners. We poor old salty nocoiners can only wipe our flowing tears with the 100$ rags from our fat wallets. Oh poor us, we foolishly put our wealth into cashflow producing assets. Oh the sorrow every quarter as the dividends are deposited in our flash-loan-hack-proof bank accounts.

Tenoke 5y ago
Thats a weird thing to brag about - if talking about past returns there's few 'cash flow producing assets' that'd have done as well as just putting the money in btc. Also flash loans don't take anything out of your wallet/account either and I know of people whose bank accounts have been hacked. There's plenty to complain about btc but you've somehow chosen the least convincing argument for why you are a noncoiner.
- Clewza313 5y ago
  Bitcoins do not produce any cash flow, the only way to profit is to sell them to a greater fool.
  - Tenoke 5y ago
    There's plenty of crypto (including e.g. ETH) that does so via staking but that wasn't the point anyway.
    - Clewza313 5y ago
      No, this was the GP's point. Many of those "salty nocoiners" are invested in assets that produce reliable cash flow, which is considerably safer than holding a purely speculative asset like crypto.
      - deleted 5y ago
        [deleted]
- NicoJuicy 5y ago
  Victims of bank fraud mostly receive their money back by the bank. This one recent example of an crypto exchange that fled with the money, has defrauded more in value than the entire ACH payment system worth ~51T ( fraud = 0,0008 % = 0,08 basis points). https://www.engadget.com/africrypt-bitcoin-disappearance-174636634.html https://www.engadget.com/africrypt-bitcoin-disappearance-174... https://silamoney.com/ach/understanding-the-basics-of-ach-fraud/ https://silamoney.com/ach/understanding-the-basics-of-ach-fr...
  - Tenoke 5y ago
    That's not a hack that's a scam.
    - NicoJuicy 5y ago
      Both are labeled as fraud.
NicoJuicy 5y ago
That's not completely true. I left it at ~18 k. A couple of years ago as i didn't saw a path to become profitable. I suppose a lot of HN'ers joined early on and left by now. My stocks are doing good enough for me to not care at all about crypto since then. Even if that wouldn't be the case, I wouldn't invest in something that I don't think has a viable path. Eg. The current solutions are using off-chain centralized transactions to fix core things ( eg. transaction fee).

Tenoke 5y ago

Thats a weird thing to brag about - if talking about past returns there's few 'cash flow producing assets' that'd have done as well as just putting the money in btc. Also flash loans don't take anything out of your wallet/account either and I know of people whose bank accounts have been hacked. There's plenty to complain about btc but you've somehow chosen the least convincing argument for why you are a noncoiner.

Clewza313 5y ago
Bitcoins do not produce any cash flow, the only way to profit is to sell them to a greater fool.
- Tenoke 5y ago
  There's plenty of crypto (including e.g. ETH) that does so via staking but that wasn't the point anyway.
  - Clewza313 5y ago
    No, this was the GP's point. Many of those "salty nocoiners" are invested in assets that produce reliable cash flow, which is considerably safer than holding a purely speculative asset like crypto.
    - deleted 5y ago
      [deleted]
NicoJuicy 5y ago
Victims of bank fraud mostly receive their money back by the bank. This one recent example of an crypto exchange that fled with the money, has defrauded more in value than the entire ACH payment system worth ~51T ( fraud = 0,0008 % = 0,08 basis points). https://www.engadget.com/africrypt-bitcoin-disappearance-174636634.html https://www.engadget.com/africrypt-bitcoin-disappearance-174... https://silamoney.com/ach/understanding-the-basics-of-ach-fraud/ https://silamoney.com/ach/understanding-the-basics-of-ach-fr...
- Tenoke 5y ago
  That's not a hack that's a scam.
  - NicoJuicy 5y ago
    Both are labeled as fraud.

NicoJuicy 5y ago

That's not completely true. I left it at ~18 k. A couple of years ago as i didn't saw a path to become profitable. I suppose a lot of HN'ers joined early on and left by now. My stocks are doing good enough for me to not care at all about crypto since then. Even if that wouldn't be the case, I wouldn't invest in something that I don't think has a viable path. Eg. The current solutions are using off-chain centralized transactions to fix core things ( eg. transaction fee).