Respectfully disagreeing with Leo about Crypto

[Leo Gura]

32 minutes ago, Staples said:

Elon would not make a move like endorsing trump without a guaranteed payoff. Elon has no ideology outside of 'give me money and power'. Trump has guaranteed Elon certain things he wants if elected, and Elon will use his Murdoch-like X platform to make it happen.

Bingo.

The Devil is a businessman.

Edited July 22 by Leo Gura

[khalifa]

i mean if you can't beat them, join them and take advantage

 

the devil will always exist

[OBEler]

5 hours ago, Leo Gura said:

Bingo.

The Devil is a businessman.

stage red/orange people have the greatest potential for becoming the biggest Devil on earth due to their efficiency.

[Staples]

15 hours ago, khalifa said:

i mean if you can't beat them, join them and take advantage

 

the devil will always exist

Yes the devil will always exist, but I would disagree with you there. If you value high conciousness and integrity you should do everything in your ability not to be a devil and lead by example.

That's what the great prophets were all about. People like Jesus and Buddha had so much integrity they would rather die than give it up, and that's why we have remembered them for thousands of years.

[BlessedLion]

18 hours ago, Staples said:

Elon will use his Murdoch-like X platform to make it happen.

He’s already doing that big time. I unfollowed him and I now get notifications when he posts something. Fucking ridiculous 

[BlessedLion]

15 hours ago, khalifa said:

i mean if you can't beat them, join them and take advantage

-“Satan”

[Staples]

@BlessedLion Exactly! Massive media bias at play. Of course he manipulates the algorithm to promote his agenda.

It's so fucking obvious, and nothing is done about it. And his excuse is that it protects freedom of speech.

[Leo Gura]

54 minutes ago, Staples said:

And his excuse is that it protects freedom of speech.

It does protect his freedom of speech.

Which is all that freedom of speech ever meant.

What do you think an oligarch means when he says "freedom of speech"?

Edited July 23 by Leo Gura

[Staples]

In Australia, ex-pm Kevin Rudd initiated a push for the government to launch a royal commission into Murdoch's media manipulation. 

https://murdochroyalcommission.org.au/

That's the first step in what's required to fight Musk, Zuckerberg, Tiktok, and so on. A high level investigation and legal audit of social media platforms. With real criminal concequences for manipulating elections.

In 200 years time when we get out shit together, Elon will be seen as a criminal for this. The same way we look at George Washington for being a slave owner.

At least that's the dream.

Edited July 23 by Staples

[PsychedelicEagle]

On 7/22/2024 at 1:32 AM, Danioover9000 said:

the promise of crypto and it's true nature sounds like an extension off of communism, or that anti capitalist movement, like we can eliminate the middle men, the banking system, and it's just a direct payment between buyer and seller and no corrupt guy or system is between that.

I would say more towards anarchism than communism. Which is where the Crypto ideal falls short: you can't fully eliminate the banking system; what you can do is replace it by a more distributed system. So the crypto banking system now becomes the majority of crypto miners. The power and decision making is with that majority.

For this system to be stable, it needs to prevent newcomers from disrupting it. Thus, the system must be inherently complex and inefficient, otherwise a Mr. Nobody with relatively few resources could disrupt it (e.g., enter the mining system with 50% + 1 of resources and corrupt transactions/blockchain).

That's why crypto burns loads of $$$ and CO2 for its operation. The cost of highjacking the system must be smaller than the benefits of doing so.

Edited July 23 by PsychedelicEagle

[PsychedelicEagle]

7 hours ago, Staples said:

In 200 years time when we get out shit together, Elon will be seen as a criminal for this. The same way we look at George Washington for being a slave owner.

Great analogy.

On 7/22/2024 at 1:42 AM, Staples said:

And you have just invented the dollar 😂

[Leo Gura]

It's not a reinvention of the dollar because dollars can be printed and Bitcoin cannot.

Edited July 23 by Leo Gura

[Staples]

26 minutes ago, Leo Gura said:

It's not a reinvention of the dollar because dollars can be printed and Bitcoin cannot.

Sure. It's also not tied to a state and is based on blockchain.

I suppose my point was more in that if you regulate Bitcoin properly you get something that functions very similarly to a dollar, and maybe even works better.

[Leo Gura]

Sold all my Bitcoin today. Made $62k.

Catch ya at the bottom

[Greatnestwithin]

3 minutes ago, Leo Gura said:

Sold all my Bitcoin today. Made $62k.

Catch ya at the bottom

@Leo Gura congrats! How much profit did you make on this?

[Leo Gura]

7 minutes ago, Greatnestwithin said:

@Leo Gura congrats! How much profit did you make on this?

I told you.

[Archie]

What made you wanna sell?

[Butters]

4 hours ago, Archie said:

What made you wanna sell?

He's investing it all in doge. 

Edited July 29 by Butters

[OBEler]

14 hours ago, Leo Gura said:

Sold all my Bitcoin today. Made $62k.

Catch ya at the bottom

Oh let's see if trump wins what Bitcoin will be. 

Are you completely out of crypto?You will miss the whole bullrun

Edited July 29 by OBEler

[Leo Gura]

1 hour ago, OBEler said:

Oh let's see if trump wins what Bitcoin will be. 

Are you completely out of crypto?You will miss the whole bullrun

I will be running some experiments. I'll let you know in a few years how it goes.