As far as I can see, all the digital currencies are just pyramid schemes. — T Clark
It seems that you can't go wrong with Shiba, as long as Mark Cuban or Elon Musk tweet about it. — Shawn
Major companies are starting to accept cryptocurrency like TESLA and Microsoft and PayPal
If these big Companies weren’t accepting cryptocurrency I would be skeptical but these businesses are validating my optimism. — TheQuestion
Mining a bitcoin is done on a computer.
The process that the computer needs to do to mine a bitcoin keeps getting longer.
The process can be done quicker the more computers you have.
The process can be done quicker the harder you run each computer.
Running lots of computers very hard is the quickest way to get bitcoins.
Running lots of computers very hard uses a lot of electricity. — fdrake
When philosophers (or should we be more precise people who are interested in philosophy) are talking about investments, that is a sign for me. Basically this thread is active when the prices are high. A time to buy is when this thread hasn't been active for 6 months. — ssu
My take is if the fed scares investors and there's a stock market correction, btc will break support and crash. If not, it'll likely grind up again. Long term it's a good investment as long as it keeps doing what it always has, but I'd rather wait for a bit more certainly. — Baden
So this would be the time to buy cryptocurrencies I guess. — ssu
Cryptocurrency’s biggest boosters would do well to remember tech’s most infamous sock puppet. The year was 2000; it was what would later be known as the “Dot-Com Super Bowl,” an NFL face-off during which tech companies bought up some 20 percent of the advertising real estate during the Big Game. A few years later, many of the companies that bought those ads were defunct or swallowed up by other firms—including Pets.com, which had run a commercial featuring a singing puppet made from a sock.
This warning comes not because crypto companies are looking to turn stockings into mascots (at least, not that we know of), but because they are currently pumping millions of dollars into buying up ad space during Super Bowl LVI. Crypto.com, which has been flooding the market with its Matt Damon-starring commercials lately, has a big spot running; cryptocurrency exchange FTX plans to give away bitcoin during its Super Bowl spot. Coinbase is also reportedly running an ad. The companies are playing coy about who will appear in them. Regardless, the message seems to be that crypto is hot and everyone should get on board. But as multiple articles have pointed out in the past week, the Crypto Bowl has echoes of those ill-fated tech-company ads of the past.
So the guy who handled the Enron mess says this... :smirk:Newly appointed FTX CEO John Ray III minced no words in a filing with the U.S. Bankruptcy Court for the District of Delaware, declaring that “in his 40 years of legal and restructuring experience,” he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
Ray formerly served as CEO of Enron after the implosion of the energy titan.
Is it a trend that some the Super Bowl adds are for some new upstart companies a canary in the coal mine indicator (just notice what companies Super Bowl add is from my last comment above)? — ssu
I'm on a stable 9% return per year so far without leverage and trying to divine what the crypto markets are doing. The only thing I have to worry about is getting hacked since it's a live wallet. I'm holding a stable eurocoin which is used to effectively lend Hodlers euros and they pay me lots of interest for that service. Counterparty risk is managed by the platform with LTV-ratios of 50%, margin calls and automatic liquidation if people are late with posting collateral. I read a lot of complaints about people having their assets sold because they were late, which is a good indication it's working. If I could insure my wallet from getting hacked, I'd be pumping all my savings into this. — Benkei
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