CynicusRex

45 ms·

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by CynicusRex 5y ago
Hear hear.
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by CynicusRex 5y ago
Western humans are like orcs.
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by CynicusRex 5y ago
Criminalize crypto pyramid Ponzi schemes because it's good for nothing but things that makes humanity worse: gambling, ransomware, wastefulness, greed, etc. https://www.cynicusrex.com/file/cryptocultscience.html
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by CynicusRex 5y ago
Who gets rich when people buy the “coin”?
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by CynicusRex 5y ago
Bitcoin fantasy: “Be your own bank.” Bitcoin reality: “Buy me because number go up; make the rich richer. Also, use a bank.” Ledger Hack - What Happened with Pascal Gauthier: «Peter McCormack: Yeah. Well, the point is, would you keep $20,0
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by CynicusRex 5y ago
https://lichess.org/patron
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by CynicusRex 5y ago
>I come here for intelligent discussion “How corrupt and two-faced is one who claims, 'I intend to be fair and honest in my dealings with you.' What are you up to, my friend? There is really no need for this preamble. The matte
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by CynicusRex 5y ago
> dozen comments that it’s a waste of time and energy. Ironic isn't it, since the topic is bitcon.
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by CynicusRex 5y ago
Cancer is still cancer whether you're eating oatmeal or candy all day. Either way, nobody wants cancer except for those who mistake an all-consuming greed inducing thing as a benign superpower.
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by CynicusRex 5y ago
Get your pyramid Ponzi out of here: https://www.cynicusrex.com/file/cryptocultscience.html .
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by CynicusRex 5y ago
I said I was biased. Anyway, I just hoped he was a Tesla, but he's just another Edison. https://www.youtube.com/watch?v=KqyXvMrQDk8 .
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by CynicusRex 5y ago
This rubs me the wrong way, but it's a biased feeling solely because of Elon Musk. I feel like if Musk was ousted from both Tesla and SpaceX these companies would be less tainted. Elon is becoming like Howard Hughes: completely nuts. T
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by CynicusRex 5y ago
I wonder how much of becoming rich is made possible only because people are exploited and thus remain poor.
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Contact Mirror Shot Explained and Remade(youtube.com)
1 points by CynicusRex 5y ago|0 comments
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Ask HN: Is there a crypto“currency” that doesn't enrich its issuer?
4 points by CynicusRex 5y ago|5 comments
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by CynicusRex 5y ago
Don't touch crypto“currencies” for they are pyramid schemes rife with fraud, scams, and the prices are artificially inflated with other imaginary tokens. The only thing it does is increase the wealth inequality even more.
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by CynicusRex 5y ago
That makes it sounds as if it's a bad thing. Instead read it like “HSBC bans customers from buying pyramid-scheme-backer MicroStrategy shares”.
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by CynicusRex 5y ago
>I am more confident that nations which turn their back on it, or shut it out completely, will see a loss of otherwise valuable businesses and mindshare. Mindshare like cancerous greed? Nations turning their backs on crypto“currencies” t
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by CynicusRex 5y ago
“Then you have these tone-deaf millionaires going around imposing their preferences, like Twitter's Jack Dorsey and Jay-Z investing 500 bitcoin toward bitcoin development in Africa which will supposedly empower its population. Vested i
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by CynicusRex 5y ago
Thanks for your comment; added it to the article. Sometimes the solutions are so simple they're hiding in broad daylight.
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by CynicusRex 5y ago
>in the fiat system, the beneficiaries are the already rich and well connected insiders. Same with crypto“currencies”, hence why they're a pyramid scheme. >Recent central bank monetary interventions are major drivers of inequalit
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by CynicusRex 5y ago
Since I come from Photoshop, GIMP always has a way of pissing me off by doing something unexpected or making something trivial needlessly complicated. While I congratulate its developers for not using ads and making it free, it remains a pa
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by CynicusRex 5y ago
> That is fine if you consider cryptocurrency as an investment. Investment is a misnomer because it doesn't produce or fix anything in the real world, nor pay dividends. If you invest in a company that 3D prints modular homes you&#x
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by CynicusRex 5y ago
“† Perhaps immutable smart contracts that spread wealth in proportion to the number of people, accounting for basic needs and disproportionate wealth disparities? But even then I'd suppose blockchain wouldn't be the most efficient
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by CynicusRex 5y ago
> you've had ten years to acquire some That makes it a ten-year-old pyramid scheme. It may be born from noteworthy ideals, but its flaws have become more apparent over the years. Stephen Diehl succinctly puts why the bubble has last
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by CynicusRex 5y ago
The big deal is that «any new “currency” or speculative digital token that doesn't have a fair distribution mechanism is a multi-level marketing pyramid scheme by default. Hence, not a currency. The earliest adopters of such flawed con
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by CynicusRex 5y ago
>Allocating capital towards the most useful projects is a valuable real world skill It would be if that's what speculation actually did, but it doesn't. Everything that predominantly boils down to making money with money needs
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by CynicusRex 5y ago
>It's an unfocused rant. I agree with the gist of this statement, but not the severity. >He should have picked one target. If it wasn't a blog I would agree, but everything that's mentioned led to the decision of opting
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by CynicusRex 5y ago
“Wow” for some US-citizens, “whew” for the rest of the world. “Only a few countries recognize an individual right to keep and bear arms and protect it constitutionally, with more classifying it as a statutory privilege granted to some segme
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by CynicusRex 5y ago
>"real world skills" is a nebulous concept. What counts as a "real world skill" and what doesn't? Got a sprain? Call a doctor. Leaking pipe? Call a plumber. Doesn't seem nebulous at all. Conversely, speculat

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