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What really scares me is the TV ads. People like Big Papi and Matt Damon advertising Crypto buying platforms to people during football games is HORRIFYING. Once

What really scares me is the TV ads. People like Big Papi and Matt Damon advertising Crypto buying platforms to people during football games is HORRIFYING. Once I saw those ads, I knew the end was near, and that these crypto platforms had literally pivoted to selling these things to completely clueless greedy people. Like the old adage said, when your shoe shine boy has a stock tip, it's time to sell. And when your aunt has an opinion about crypto, it's time to sell, as well.

sgt101 5y ago
Real conversation about crypto - with my hairdresser. Him : "NFT's are going to revolutionize the art market" Me : "I don't know much about that, I just laugh whenever one of those bored monkeys gets right clicked and they all go mad about it". Him : "What do you mean" Me : "Someone copies the jpeg and uses it and they can't stop them" Him : "nahhh you can't steal them" Me : "It's only the meta data that's on a blockchain" Him : "I have a question, right" Me : "I dunno" Him : "But do you know what a blockchain really is?" Me : "Ahh, well, ahh... yes, I think I do, I'm a bit hazy on some of the maths, but errrm yeah" Him : "I don't, noone can ever explain it, but everyone seems to want to buy into it so ...." So - it's not evidence but still I think that almost all investors in crypto have little to no idea of what they are investing in. This is not good.
- fho 5y ago
  "So ... the blockchain is basically just a linked list with each item holding a cryptographically signed copy of the content of the previous item. Each item additionally holds a collection of transactions that happened in the last ten minutes. That way everybody is able to check if somebody who claims to own something really owns the item/coin/NFT of interest." Honestly ... your hairdresser will have doubts that you are not messing with him.
  - sgt101 5y ago
    I think my explanation was not as good as your one, and yes, he thinks I'm messing.

sgt101 5y ago

Real conversation about crypto - with my hairdresser. Him : "NFT's are going to revolutionize the art market" Me : "I don't know much about that, I just laugh whenever one of those bored monkeys gets right clicked and they all go mad about it". Him : "What do you mean" Me : "Someone copies the jpeg and uses it and they can't stop them" Him : "nahhh you can't steal them" Me : "It's only the meta data that's on a blockchain" Him : "I have a question, right" Me : "I dunno" Him : "But do you know what a blockchain really is?" Me : "Ahh, well, ahh... yes, I think I do, I'm a bit hazy on some of the maths, but errrm yeah" Him : "I don't, noone can ever explain it, but everyone seems to want to buy into it so ...." So - it's not evidence but still I think that almost all investors in crypto have little to no idea of what they are investing in. This is not good.

fho 5y ago
"So ... the blockchain is basically just a linked list with each item holding a cryptographically signed copy of the content of the previous item. Each item additionally holds a collection of transactions that happened in the last ten minutes. That way everybody is able to check if somebody who claims to own something really owns the item/coin/NFT of interest." Honestly ... your hairdresser will have doubts that you are not messing with him.
- sgt101 5y ago
  I think my explanation was not as good as your one, and yes, he thinks I'm messing.