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> They want me to invest my crypto to which they would pay me 7% interest. If you ask how it was it being invested you're told they were buying bitcoin in one p
by Melting_Harps 4y ago
> They want me to invest my crypto to which they would pay me 7% interest. If you ask how it was it being invested you're told they were buying bitcoin in one part of the world and selling it in another.
Nigerian princes keep telling me they are in dire trouble and I need to pay them while they are in exile, I don't think this internet or email thing is going to work out.
For being a tech based, and entrepreneurial no less, forum I struggle to think the average age of most in this space isn't some 70 year old boomer most times given how many lazy conclusions get thrown around here.
If you really are foolish enough to give your money to scammers on the promise of 'guaranteed' returns regardless of market conditions, that says more about you ten the tech they are using to achieve said grift.
> How is that any different an explanation than Ponzi's
SBF, Do Kwon ELison et al... are all Ivy League educated, and just as reputable as Madoff or any other pump and dumper using an ICO or alt promising the same thing: something that cannot and will not exist, guaranteed returns.
In short, most alts are BS and don't need to exist, and anyone with a cursory understanding of fintech can see that; that doesn't mean the tech itself isn't valuable and doesn't have many use-cases that may not apply you specifically.
> And the bros...so many crypto bros. Is crypto an investment? sure. is it good smart financial sense? of course! can it deworm the dog and start my old Ford? buddy, its crypto and these nonsense peddling talking heads are about to waste your entire lunch reminding you that no matter how volatile the coin, no matter how hair-brained the leadership, and no matter how laughable the mascot, we'll all be rich by the end of the year and you have $wondercoin to thank for it. just dont ask them how blockchain actually works...it works and it aughta be used for everything...
Ive been around sine YC was ran by Sam Altman and thought to be the King maker of the valley startup scene, who then joined open AI and subsequently pitched WolrdCoin that required biometrics in return of some tokens 'to save the World' but is now the darling of SV because of ChatGPT.
I'd respect your arguments if they were at all cognizant of some basic premises, not least of which include being able to see the hypocrisy in these pointless analysis.
I'm not a crypto bro, I guess I'm a BTC maxi according to the jargon, but the truth is that it has been understood that a fool and their money are soon parted long before the computer ever came to existence and to attribute all of Society's ills to something most don't even comprehend, as in cant tell te difference between Bitcoin the network and bitcoin the token, let alone the underlying mechanics that solved something thought to be impossible in Computer Science (Byzantine General's problem) then what is their really left to be said?
- deleted 4y ago[deleted]