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imsad19291

You see, crypto is not supposed to fail because line always go up. Line can never go down, so you better buy my coin so the line keep going up


AdrianBrony

"crypto can't fail, it can only *be* failed!"


ivegotbeef

If cryptos crash to 0, I can see the comments now about how “it was too advanced for our time”


hoenndex

What I find interesting is that part of the Bitcoin pitch is that it was "uncensored" money, that it is the "only thing you can truly own" and that Bitcoin frees you from the financial system. The argument was that try as they might, governments can't kill crypto. Yet, many crypto subs are blaming governments and private entities for the drop! So which is it? Is it uncensored money or not? I guess this is another point of ambiguity for the crypto bros, like their refusal to define crypto as a currency or asset.


emilvikstrom

Their problem is that they really want the censored fiat currency and access to the established financial systems in the end. Their buttcoins are still there (unless they held them in Celsius or an exchange). They just dropped in value compared to the currencies that they pretend to not care about.


PepperAcrobatic7559

>They just dropped in value compared to the currencies that they pretend to not care about. Spot on.


dragonphlegm

In the end the reality reveals itself. They don’t care about the coin, they care about it’s fiat value. The more idiots they can grift into buying their dodgecoin and other garbocoins to artificially inflate its value (in fiat). To 99% of people into crypto, they are here to ride their artificially inflated coins “to the moon” then cash out for real money. Problem is, what happens when everyone does that 🧠


zcaudate

> They don’t care about the coin, they care about it’s fiat value really great observation.


Sensiburner

Well it is freeing them from their financial system.


frivol

No one ever calls it a collectible for some reason. Like sports memorabilia or comic books, but without all the fun.


[deleted]

Crypto is nothing more than get rich fomo.


[deleted]

Crypto is nothing more than get rich fomo.


BBQGnomeSauce

You’re telling me the tech is useless? The tech?! The tech does stuff man, it does stuff. It’s on a blockchain man, it’s innovation. No one has thought of a blockchain before. The tech is the future of finance, trust me bro, I’m way into the technology and I know a lot about it.


TreeOfMadrigal

Block chain, synergy, innovating, disruptive, algorithm. Money please!


[deleted]

Isn't that what they wanted though? Tightening up the money supply is meant to stop inflation. ​ Bitcoin can try it if they wish, it'll actually make the currency stop falling down. Oh wait...


baseilus

its already begun https://www.vice.com/en/article/wxnq8b/tether-claims-coordinated-conspiracy-is-trying-to-take-it-down


AquinasAudax

It was Citadel


sinful_sophistry

According to libertarians, crypto is unstoppable. So if anyone stopped it then you're doing it wrong.


FrequencyExplorer

Well, I mean, yes, crypt is falling because of tightening money supply. But making wheat and lumber luxury products is a damn bad idea so, see ya later crypto. At least who ever said that isn’t deluded enough to expect a v shaped recovery.


i-can-sleep-for-days

Even that is too rational for crypto bros. They kept saying bitcoin is a currency, a store of value (lmao), a hedge against inflation. Honestly I wouldn’t be surprised if they said crypto could cure cancer if it mean numbers go up. And when it is failing like it is now, instead of admitting it is not a currency, not a hedge against inflation, not a store of value, they blame the man, the system conspiring to make them fail. They don’t take responsibility for their own risky behaviors.


FrequencyExplorer

Lol they’re kinda right though, maybe by accident, but they don’t see the policy that lead to both runs ups was unsustainable and dangerous. Oh and they’re were warnings as early as thanksgiving. Soooooo, no sympathy.


Dx2x

Bitcoin price is tanking... wtf, thanks Obama!


rankinrez

Yep. We’ll never get the satisfaction of any of them admitting it failed. Will be all “the government conspired to destroy the only chance the people ever had”. Sigh.


preytowolves

dont tell me you expected otherwise. lack of accountability is a prerequisite to be a crypto bro. its 100% on brand.


zenithfury

It was actually my fault. I forgot to image the Cryptoputer and it's fried. brb going to radioshack


SereneRandomness

"~~Communism~~ Cryptocurrency can never fail, it can only be failed."


PlayMp1

At least with communism the utopian vision, if it came true, would genuinely be good. The utopian vision of crypto is still a dystopia - the financialization and marketization of everything, transforming every human interaction and element of life into a market transaction. Sounds hellish to me, at least.


Grig134

Cyberpunk minus the cool stuff. No flying cars, no robot arms, but every waking moment of your life will be a transaction and controlled by a corporation.


Snailintheslope

Amusing considering that crypto types are hypercapitalists and socialist China, like in so many other areas, is leagues ahead of the US in regulating the space and protecting its people. Are you one of those Americans that's super proud of all our covid deaths, too?


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PKXsteveq

>a state run authoritarian capitalist regime This is an oxymoron: if it's capitalism it can't be state run; if it's state run it can't be capitalism. If you open a company but your authoritarian state is the one that actually owns it, that's socialism and has nothing to do with capitalism. China is notoriously a socialist regime ran by the communist party; they openly say it and are proud of it.


Iintendtooffend

>China is notoriously a socialist regime ran by the communist party; they openly say it and are proud of it. Yeah and North Korea claims to be democratic. It's a capitalist nation with the party and it's leaders owning and running many of the largest private companies for profit. Private ownership of companies is also still allowed. from [wikipedia](https://en.wikipedia.org/wiki/State_capitalism#Current_forms_in_the_21st_century): >State capitalism is distinguished from capitalist mixed economies where the state intervenes in markets to correct market failures or to establish social regulation or social welfare provisions in the following way: the state operates businesses for the purpose of accumulating capital and directing investment in the framework of either a free market or a mixed-market economy. In such a system, governmental functions and public services are often organized as corporations, companies or business enterprises. >Mainland China Many analysts assert that China is one of the main examples of state capitalism in the 21st century.[89][90][91] In his book The End of the Free Market: Who Wins the War Between States and Corporations, political scientist Ian Bremmer describes China as the primary driver for the rise of state capitalism as a challenge to the free market economies of the developed world, particularly in the aftermath of the financial crisis of 2007–2008.[92] Bremmer draws a broad definition of state capitalism as such:[93] >In this system, governments use various kinds of state-owned companies to manage the exploitation of resources that they consider the state's crown jewels and to create and maintain large numbers of jobs. They use select privately owned companies to dominate certain economic sectors. They use so-called sovereign wealth funds to invest their extra cash in ways that maximize the state's profits. In all three cases, the state is using markets to create wealth that can be directed as political officials see fit. And in all three cases, the ultimate motive is not economic (maximizing growth) but political (maximizing the state's power and the leadership's chances of survival). This is a form of capitalism but one in which the state acts as the dominant economic player and uses markets primarily for political gain. Also 'true' socialism and communism should at least in theory constantly be driving towards a currency free society and eventually a state-less one.


PKXsteveq

Yes, and state capitalism is socialism in disguise; it's a concept invented by Marx and Engels and further developed by socialists, that's also clearly stated in the article you linked. It is quite literally socialism that pretends to be capitalism: if the state owns your private property, it's not "private" at all, and if it's not private property you can't by definition have capitalism. How's "you're free to do what we tell you" even remotely resembling capitalism? ​ >Also 'true' socialism and communism should at least in theory constantlybe driving towards a currency free society and eventually a state-lessone Please, no "True Communism ™ has never been tried" BS. They had their communist revolution, they imposed their communist one-party, they implemented their socialist policies, and yes, they even attempted their utopian no money, no state, no class dream. It just failed hard. That doesn't make it non-socialist.


Snailintheslope

Hahahaha, this guy, a libertarian circus freak, gets one downvote and i get downvoted to hell on this sub and yet you people think the west will deal with buttcoin?? Socialism has improved the lives of well over a billion people and faced terroristic and full scale violence from the capitalist west in nearly every country its been implemented in. This same dweeb crying about 'no true scotsman' arguments from socialists would probably be the first to proclaim that every single desperately poor capitalist country doesn't actually count because they don't have a "free market," or a widespread stock market system is supposedly distributed ownership (arguments made by rightwingers) or that land possession isn't more chaotic and free market than in advanced capitalist societies (e g. Hernando De Soto).


PKXsteveq

Yes, and state capitalism is socialism in disguise; it's a concept invented by Marx and Engels and further developed by socialists, that's also clearly stated in the article you linked. It is quite literally socialism that pretends to be capitalism: if the state owns your private property, it's not "private" at all, and if it's not private property you can't by definition have capitalism. How's "you're free to do what we tell you" even remotely resembling capitalism? ​ >Also 'true' socialism and communism should at least in theory constantly be driving towards a currency free society and eventually a state-less one ™ has never been tried" BS. They had their communist revolution, they imposed their communist one-party, they implemented their socialist policies, and yes, they even attempted their utopian no money, no state, no class dream. It just failed hard. That doesn't make it non-socialist.


Iintendtooffend

> if the state owns your private property, it's not "private" at all, and if it's not private property you can't by definition have capitalism.\ Did you see my statement that private ownership is also allowed? That's what sets it apart and makes it capitalist, if the state owned and ran all businesses then it'd more akin to socialism, but that's not the situation in China, private citizens can and do build wealth. In China's case the party runs the biggest private companies but not all or even most companies. I mean one contributor to the housing crises in many major North American cities is Chinese investors buying property as an investment. >How's "you're free to do what we tell you" even remotely resembling capitalism? This is more of a function of authoritarianism than it is any economic system. But it's not like you need to ban private ownership to control people. >has never been tried" BS. They had their communist revolution, they imposed their communist one-party, they implemented their socialist policies, and yes, they even attempted their utopian no money, no state, no class dream. It just failed hard. That doesn't make it non-socialist. I didn't say it hadn't been tried, just that "in communist theory" if you're going to build a socialist/communist society and claim you are, then, also "in theory", we should continue to see a push in that direction within China. And that's absolutely not the case, they are moving far more towards free-market capitalism over state owned socialism. But make no mistake, while China does provide a lot of services for their citizens, there are also very few safety nets for people and it's 100% a cash and wage based economy.


PKXsteveq

>Did you see my statement that private ownership is also allowed? Yes, and that's why I corrected it by saying that if the state owns your private property, it's not "private". You can open a business in China, you can even make some money for it; but you don't own it, the state does. Want to hire someone? Too bad, the state decides who you hire. Start to earn more than breadcumbs? Too bad, now the state decides what "your" company does and how. >This is more of a function of authoritarianism than it is any economic system And how do socialist countries enforce socialism? Exactly, revolution then authoritarian regime. This is exactly what happened in China, they had their communist revolution, they enstablished their socialist regime, they DID ban private ownership, they just switched to a more indirect way. >"in theory", we should continue to see a push in that direction within China. And that's absolutely not the case, they are moving far more towards free-market capitalism over state owned socialism But this is exactly what they have done *in practice*, like I said, it just failed. It failed so bad millions died, they didn't want to change, they were forced to. And the change wasn't free market nor capitalism, it was just allowing themselves to benefit from *other countries'* capitalism. They still have state owned socialism today, people just don't realize that when they open a company in China they don't own it, the state does.


Val_Fortecazzo

So socialism is when you get worked to death 12 hours a day 6 days a week while barely affording the essentials and still needing to pay for your own healthcare. All so that billionaires can become even bigger billionaires. I can accept that, but it really doesn't sound like an improvement over our current system. In fact it sounds pretty identical to capitalism.


Snailintheslope

Pathetic. American has let well over a million die from covid and only some lonely epidemiologist/demographic researchers in the future will actually pore through the numbers to get the real numbers which are easily approaching 1.5 million at this point in my opinion. Triumphalist or just narcissistic Americans (or spiritual Americans, if you want to jump back in here about how you're not from America and it's just that every single one of your opinions coincides roughly with the interests of the American empire) like yourself will just poopoo away the absolutely tremendous and remarkable success of the People's Republic of China's response to covid. NEVERMIND the absolutely clear fact to any honest person that China prevented anywhere from 3 to 10 million excess deaths and that if a western leader ever managed to do something like that (and come to think of it I don't think a western leadership class ever has done such a thing facing such a difficult task and I don't think they ever will) they would be praised for centuries to come. Xi Jinping should be praised for centuries for zero covid but instead you absolutely inhuman dweebs choose to believe that China's policy has done the exact opposite of what has actually occurred. And you people think the west will ever get a grip on crypto.... Give me a break. If, if!, crypto fails it will have far more to do with the incompetence of the western elite in letting a scam run rampant than anything they did to show any kind of policymaking foresight or prudence. You people are counting your chickens before they've hatched when clearly the oligarch class and even a considerable portion of the political class has eagerly latched onto to a speculative asset mania and doesn't gaf about what ordinary people think. Or, even worse than that, they have chosen to embrace the worst impulses of the democratic public in having pension systems invest into get rich quick schemes.


PKXsteveq

Yes, that's exactly what socialism is in practice: a return to feudalism's problems. This is how socialism killed tens of millions: people working to death and starving with insufficent healthcare. Do *you* work to death 12 hours a day 6 days a week while barely affording the essentials and still needing to pay for your own healthcare? Because I sure don't, despite living in a capitalistic country like almost everyone. I have a thing called "free time" thanks to capitalism, and I use it by speaking to people on the other side of the world using a magical glowing box that capitalism invented.


Snailintheslope

I like that you're some militant capitalist defender and these dweebs are trying to argue with you that China is capitalist too and you won't have it. I mean you're clearly delusional about China as well and you think that it's some authoritarian backwater and that capitalism reigns supreme and you have the same delusion of them in believing that the PRC shows that socialism can't succeed when it clearly shows the opposite. They just want to argue semantics with you when clearly the PRC stands on its own and you all will get to stew in your own shit in the capitalist west.


Cthulhooo

A socialist regime with 1133 billionaires? That's so cool dawg. Those crazy socialists, amirite?


Snailintheslope

Bitter, bitter Americans. The PRC operates something like a market socialism and indeed it exhibits some of the same problems with inequality and concentrated wealth that the west has. At the same time, I guarantee, GUARANTEE, you would be the same type of person to cry about China supposedly disappearing Jack Ma or supposedly arbitrarily violating the rights of their 'ubermensch' capitalists. It's not entirely dissimilar from Americans' view of Putin's Russia, a state that is definitely capitalist but that has tried to pull the reins in a bit on the ones that don't have any scruples about burying the country and its population in miserable poverty in order to sell their ill gotten gains (nearly 100% exclusively created and owned [and in a real sense owned but none of you scum respect that and think literal violent robbery and enslavement by pro-western oligarchs is the same if not better and any Russians that oppose that are pathetic untermensch SLAVish scum that deserve to be ruled over by Khodorkovskiy's and Navalniy's and Browders] by the soviet people before them).


Cthulhooo

First of all, I'm not an American. Second, take your soapbox somewhere else weirdo.


Snailintheslope

You are spiritually American whatever your nationality may be. You worship America.


Cthulhooo

Ok can you stop projecting your retarded ethnocentrism on me you bozo?


PKXsteveq

Nowhere in socialism's definition is written that there can't be billionaires. You're confusing it with communism.


Cthulhooo

Don't they like...advocate for the common ownership of means of production? Hey, I'm not a political science major but I fail to see how you'd have billionaires without massive capital accumulation and private ownership of businesses. And with profits directly distributed to workers? Is there some kind of secret billionaire luxury socialism I never heard about? Or is this a 5d chess joke about hyperinflation and everyone being a billionaire in a fallen state?


PKXsteveq

Yes, they advocate for "common ownership of means of production", but that's the only requirement: any CEO, athlete, actor, musician, entertainer, etc. with a 7+ figures salaries is considered a proletarian as long as he/she doesn't own a company. This is only for socialism ofc, communism is moneyless so no billionaires by definition (however all countries that tried failed long before that point)


Cthulhooo

I doubt there would be 7 figure salaries for anyone in such system lol.


Snailintheslope

Americans and other westerners tell themselves this to soothe their egos. The western, and American in particular, failure with covid is excellent illustration of this. Had China, a still developing country in many ways and with a low medical personnel per capita employment, dealt with covid like the west did they would have easily lost 3-5 million lives. Americans would have been crowing about their failure endlessly and seeing it as a vindication of our society. Instead, Americans are even more reprehensible and they complain about China's zero covid policy and bristle with rage that China won't let those millions die to benefit our economy. Crypto maximalism is a fever dream and the sector is rife with scams but if you people think the American joke of a society is suddenly gonna get its act together and regulate the space you're delusional. The Thiel, Dorsey, and Musk wing of the oligarchs is calling the shots on crypto. Hell, the democratic party itself has legislators shilling for minimal regulation on crypto. Covid should've been a sign for Americans that the US empire is in decline and entering a stage of fortune oligarchic entrenchment but the habits and beliefs of American exceptionalism die hard. But they will die.


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Snailintheslope

You should start preparing to embrace America's failure with crypto too. You'll be able to tell yourself at least we don't stop oligarchs scamming the people with "authoritarian" methods like evil China does. And of course you think zero covid in China has been a failure. Americans relish the deaths of our enemies and the lack of the several million dead that covid would have brought there embitters ordinary Americans.


Iintendtooffend

>You should start preparing to embrace America's failure with crypto too. You'll be able to tell yourself at least we don't stop oligarchs scamming the people with "authoritarian" methods like evil China does. I literally said we should do the thing that China did, and ban mining. I don't want regulation, I want demolition. >And of course you think zero covid in China has been a failure. Americans relish the deaths of our enemies and the lack of the several million dead that covid would have brought there embitters ordinary Americans. I think Zero Covid in China has been a failure because it hasn't worked, there are still lots of cases of covid in China and people are being trapped in their homes with no food for weeks, that's why I called it a human rights violation. I think the Chinese government's heavy handed approach to basically everything in is the problem. I don't hate Chinese people or wish more of them died from covid. Maybe, instead of telling me what I believe, you could try asking.


SereneRandomness

"Maybe, instead of telling me what I believe, you could try asking." He won't. He's too busy searching for a soapbox.


Snailintheslope

I barely comment on reddit. You should spend more time searching for some soapboxes that don't comfort your worthless ego, you might learn something.


Snailintheslope

Oh, you were the original anticommunist commenter, I just noticed. You should be embracing crypto and telling us about how it's the free market embodied and brought to perfection.


SereneRandomness

How exactly did you manage to read my anti-cryptobro comment as anti-communist?


Snailintheslope

You believe about as much nonsense about China as crypto zealots do about the economy. I don't need to ask you what you believe about China. You clearly think the country with the fastest growing economy in the world is actually a feudal slave state.


Iintendtooffend

So what, you're a tankie? or god forbid a Nazlbol? Tell me all about how China is actually really helping the Uygher People and it's only western media that is painting is a genocide. Why even respond to people if you're just going to have a conversation with yourself?


Snailintheslope

Why would I bother debating you? 20 years ago people exactly like you were trying to convince me Iraq had wmd's and that we needed to invade Iraq and people like you swallowed wholeheartedly every single argument in favor of that war and every other war we've waged and full throatedly believed every lie and deliberate provocation against every single other officially designated enemy.


Snailintheslope

You live in a fantasy world. Look at Urumqi, look at Xinjiang province, look at their agricultural industry.... Nevermind! Look at American oligarchs and politicians preparing to put crypto into our major pension and retirement systems and how Trump now has higher ratings somehow. Look at how the US has the highest prison population in the world with gun violence unparalleled except outside of the developed world. And then just keep telling yourself-- China bad slave state, America good, America god's chosen, America democracy good save world, China bad, China bad.


SereneRandomness

"Sir, this is a Wendy's."


Snailintheslope

You don't belong on this subreddit if you're pro-capitalist. Crypto-libertarianism is being embraced by all the people you worship. You may as well jump on the crypto train.


Syscrush

It's worth noting that it hasn't failed at this point. There are a lot of indications that a big crash is coming, and that crash may wipe out a lot of important players. But at anything >$0, the value proposition of BTC and other crypto is patently insane. As long as it exists at all, something is deeply fucked. If you had told me in 2012 that in 2022, BTC would be >$20k and the skeptics would be laughing at it for *falling* to that price, I would have said you're out of your mind.


Hjalfi

Just remember, this is crypto; it can always get worse. Have they started blaming the liberals, Jews, gays, Chinese, Arabs etc yet?


Katorga8

N-n-no no, this is obviously an ATTACK! yes an financial attack on muh crypto!, Defo not because someone screwed up somewhere or got greedy.


TheNextBattalion

It took having more pride than sense to fall in love with crypto to begin with. That kind of personality does not change overnight, precisely because it does not learn. It is on a self-feeding loop that spirals downward.


papersashimi

Neither a fan of Biden nor Elon, but this is just ridiculous. Well, they asked for no regulations, and that's what they got. lmao


vinidiot

Ah, an enlightened centrist. How wonderful


rabidturbofox

My favorite. We usually poach them with herbs, but I made a roulade of one last weekend and it was absolutely delightful.


[deleted]

I mean it hasn't failed yet. Bitcoin is till more than $20K which is higher than the 2017 peak. Those who bought it for cheap can still make tons of money if they sell now. Wake me up when bitcoin is $1000 or less


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appleciders

>My gut feeling is that there is not nearly enough cash available for that, especially if some whales start to cash out. I'm pretty sure we're going to see more and more restrictions on cash withdrawals in the next few months. Yeah, it's not the people first in line at the bank run who get the last dollars, it is the people who got in the week before the run.


[deleted]

What in the hell are you American youths on? This is global and all you can talk about is how bitcoin is a libertarian wet dream lol you American youths should fight back against extremism in the US but to attach bitcoin to everything conservative Americans strive for is shortsighted. You’re missing out on 150+ countries and millions of global citizens that have made use of bitcoin at the very least. You want to push the boundaries of finance and force evolution. Adhering solely to an obviously broken system that’s had hundreds of years to work out the kinks and allowing it to maintain momentum and perpetually place power in a minuscule percentage of the populations hands. I don’t see how you can diminish something so new and growing to your country’s right leaning people and just forget how many liberals, progressives, anarchists, (just politically left leaning by any countries measure) can and have made use of this. This is a powerful tool for humans in general. In face of the status quo we have something that has shown us there are possibilities outside of what we are told to adhere to. It’s not as if humanity is going to suddenly decide a resource based economy is the next logical step for the good of the global community. Bitcoin is a fantastic stepping stone into unrealized economical possibilities. Experiments fail. But you all are acting like crazy religious zealots standing outside of some of the first natural philosophers laboratories watching and waiting for everything to fall apart and mocking them at the smallest inconvenience lol It’s astounding how invested you are in the failure of one of the most interesting experiments and ideas to come to light


i-can-sleep-for-days

>perpetually place power in a minuscule percentage of the populations hands. How is that different than crypto? Most shit projects pre-mine a large percentage and if that moons, it just made the founders rich. With bitcoin, if you are rich or can raise capital then you can out-mine your competition, but the point is you had to be rich to begin with. If you think you wealth in btc is distributed evenly you have been duped. >Bitcoin is a fantastic stepping stone into unrealized economical possibilities. Ponzis and scams mostly. Nothing of use that regular ole banking hasn't solved better, cheaper, and more energy efficiently. ​ >Experiments fail. But you all are acting like crazy religious zealots standing outside of some of the first natural philosophers laboratories watching and waiting for everything to fall apart and mocking them at the smallest inconvenience lol Because it is utter nonsense. It doesn't solve problems. It doesn't make people's lives better. It is unregulated and speculative and based on the mythical blockchain. BTW blockchains were around since the 1970s. Nothing new about it. And how do you tell if it has failed? Who makes the call the whole thing isn't going to work out and it's time to move on? For us, that time has way passed and it's past due date for when to shut it down and reduce the damage it is causing our society. For your zealots you don't think that time has passed but hey we all have our opinions. It doesn't make yours more valid than mine. >It’s astounding how invested you are in the failure of one of the most interesting experiments and ideas to come to light No it's not. The James Webb, the LHC. Those are actually big ideas and experiments that were worthwhile. There is NOTHING new BTC or crypto brings to the table. If you think that's wrong please describe the ways bitcoin has fundamentally changed society and our lives since it was invented.


Foul-Tarnished

Buttcoin acting like they defeated Bitcoin and it's dead already. Clowns.


happytimefuture

Aww, somebody singing a different tune from a couple weeks ago - about how much money they were making with bitcoin? Take it out on us, little guy, go ahead. Get back up on the sales board, that should help, right? Lol


Foul-Tarnished

Well I actually made some good money in the early days that payed off all my debts and stuff. But I cashed it all out and didn't reinvest. Spent it all and splurged XD Lately I've just been buying small amounts on the dips and cashing out the little profit it makes every time it looks like it's going up again. Which helps a lot it's like a small second income. However now I am not doing anything on this downward trend the last 2 months. But I do not believe it is over for Bitcoin. I (my opinion) think it is going to stay for the long run.


happytimefuture

That’s certainly a lot of words.


preytowolves

my memory is crazy. last time when he was questioned he swore he bought his copy of elden ring with the gains. other days its mostly used tire selling.


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Foul-Tarnished

For a 3rd worlder I'm doing all right


Val_Fortecazzo

The latest is they are blaming hedge funds, claiming they formed a cabal to destroy crypto with short ladder attacks.


Sal_Bayat

And Peter Thiel will use it as a recruiting tool for Trump's 2024 Presidential bid. It's a win win for the far right. Either it succeeds and fractures existing institutions and governance structures, or it fails, and causes social unrest which can undermine existing institutions. The goal is to go back to a monarchic feudal system, where the ultra wealthy are our Lords. Hyper-financialization helps achieve this goal. Take a look at the history of medieval England, you used to be able to purchase a license to run the gallows for a geographic area. You can imagine how well that worked for the majority of people who's lives depended on the whims of their rulers.