#61
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If everybody puts in $10, everyone could get rich, and everyone could quit working. We would have a whole nation comprised of the idle rich.
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#62
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#63
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Well said. |
#64
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The thing is, correcting someone on the internet for loose vs lose is just about the lowest hanging fruit possible - it's one of the most common errors around and if your life's mission is to fix stuff like that, well good luck, you must have a lot of free time on your hands.
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#65
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I have been in the US since 2003, this stuff just gets old to me. If you heard someone on the street say a word incorrectly, would you correct them? probably not so why do people on the internet think its fine to correct peoples spelling? I think its great it does not bother you when people correct you, it does to me. something I have had to deal with and constantly see friends deal with. I think that if it was something completely wrong and it hindering my point coming across that is great but giving me the definition of loose and lose as if I do not know the difference it is not a very nice way to go about it (since for some reason it was perceived as him being such a nice guy to correct my English) |
#66
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these threads keep coming up, and the same arguments keep being posted "crypto has no intrinsic value or backing"
BTC is debatably in that camp -- and it's probably one of the worst things to happen to the earth from an energy consumption standpoint, but to imply ETH has no value (smart contracts are a very useful thing for validation purposes for two parties that have 0 reason to trust one another) is absurd. You can literally build apps with ETH, and (useful) applications have very tangible worth. Can we please stop making blanket statements about all cryptocurrencies? |
#67
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Sorry, didn’t mean to offend anyone. It was used incorrectly by several people, but never mind. I’d like to know if I used a word incorrectly.
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#68
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#69
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#70
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#71
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Just read more about the Branch Ricky quote and its context, thanks for bringing it up. There's no doubt that there is a lot of wealth created by crypto, as there always has been through speculative plays. I believe in the technology. But to attribute any kind of investing "skill" to what's going on with something like Dogecoin is a big stretch in my eyes. It would be pretty neat to do a 50 or 100 year chart of media-hyped investments (The shoeshine index?) to see where the entry and exit points would have paid off...or bombed. |
#72
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Bitcoin? Blockchain? Cryptocurrency? Mining? Video cards? Lots of electricity?
*** is this?! People are taking REAL money and investing in WHAT? If people need to transfer money, why aren't they just using PayPal or a real bank? Where and how is the money being made? Who's doing what with my real money investment in this stuff? Somebody enlighten me, please!
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http://hubbardpark.blogspot.com/ |
#73
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Interbank transfer is the only game in town/mononpoly, and for most people a small transaction fee for moving big money amounts. However, for small amounts it's not attractive - not convenient to set yourself up for ACH from home, it's not instant and for a $200 transfer a $25 fee is not attractive. So Western Union: fees are crazy high and you have to go to the location, which is a very common physical security risk Paypal: unfavorable exchange rates, transaction fees, need accounts mobile phone based ones: tons of fraud All of the above are subject to jurisdictional/legal requirements on Know your Customer/Anti Money Laundering laws in multple countries. Then there's the secure account infrastructure stuff, PKI auditing, deposit/banking laws, a bunch of stuff. And finally, in most western countries, the idea that your currency will fluctuate 5-10% per month is terrifying, but for many countries, it's not that unusual. BTC has some pretty wild fluctutions in value though as well, so you cannot avoid arbitrage swings at all. |
#74
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#75
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I think it's a pretty safe bet that no one will ever get rich on a $0.000006 investment.
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