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Chaps' 2017-18 NFL $$ Thread
BTW, Welcome back DJChaps! I was wondering where you went. Glad to see you back.
Cryptocurrency lender start-up BlockFi accidentally sent users huge amount of bitcoin as part of a promotion – and is now asking for it back.
One person received 701 btc.
Apparently they sent people btc instead of fiat or another crypto.
Crypto, specifically the blockchain aspect: not sure I get why we need 'em. Convince me.
Remember those things we've already been using to keep track of everything: databases? Yeah, they work, and they do what blockchain does (in private, which is 100% what commerce needs). Lots of methods to send $$ online. Credit cards are free to use and have been for decades now. Paypal is a fucker of a company, but they work too as do a host of other non-blockchain online methods.
Crypto is mostly just a get rich quick scheme to me. Except it ***IS*** good for moving money to sites where you won't get in trouble as the customer (gambling/sportsbetting!!!). It is also pretty amazing for getting your money out of countries that try to control currency movements. So there is some utility value, for sure, but there's soooooo many coins you can use for this, that the value of any coin should be limited.
I also have this opinion: Bitcoin, 19,xxx,xxx of 21,xxx,xxx max mined currently. So scarce and not growing. But all crypto in aggregate is NOT scarce. And scarcity alone doesn't mean something is valuable.
Crypto will continue to go all over the place in value, I believe. It will be hard to guess where it's going cuz intrinsically each coin is worth ZERO. So it's a speculative thing, it's not an investment!
Meme catching should be ok for a bit longer and will be fun and a money maker. No idea where the Netscape-Bitcoin will head; just because it's the granddaddy of crypto, does that matter?
CumRocket is the future of Cryptocurrency.
Cummies are their digital token which will guarantee that you get laid and make a fortune.
They are mainly an NFT platform for pornstars.
Finance is going to be massively AI and this will happen quickly.
Smart contracts and the like on the blockchain reduce overhead in a colossal way. Sure your credit card is free to hold but the finance charge has to pay for brick and mortar. The cost of finance is dramatically reduced. Instead of brick and mortar and headcount you have blockchain recording the agreements.
Something like this is positively coming.
I really don’t want to conflate AI and DeFi too much. Present smart contracts are pretty rudimentary. But AI & DeFi will conjoin soon.
Just riffing now but.
Elon talks a lot about AI and it’s impact on our lives and employment. For all his warts one thing Musk is intimately involved with in a tangible and non academic way is AI. Self driving cars and all that. What interests me most is Musk is very worried about AI’s impact. I understand Musk is about bringing the hits and much of his schtick is schtick but he makes some compelling arguments.
So today’s DeFi is pretty beta. Something will emerge. What is happening atm is that you are getting rewarded to participate and add liquidity. You risk getting scammed too. Such is crypto.
Last edited by Sanlmar; 05-22-2021 at 11:48 AM.
Elon Musk is full of shit.
He has made Billions by manipulating the stock market and lying his ass off.
Hustle, Hustle, Hustle.
http://www.miraclecovers.com
"Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online
i mean from a certain perspective, the whole point of wall street is that its a place where people can get levered up to their greasy tits while buying insurance from the house.
a lot of the blowback about retail traders is they are sky diving without a parachute. there will be no bailouts for robinhood's many, many casualties.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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if we drop below 30k, a reasonable potential floor here is something like 18.6k and im not kidding.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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