MISC Crypto Crew (MCC) Vol: XII: Retirement plans and exit scams

[mrc19888]

The only thing that makes me mad about this is I could have worked at mcdonalds for 1 week. bought BTC with it, and had like a million dollars in future net worth back when I was in high school LOL. The first time I sincerely heard about BTC was 2008 I believe. Had no idea what it was and didn't care. I just knew a friend bought drugs with it.

[iifymbro]

The only thing that makes me mad about this is I could have worked at mcdonalds for 1 week. bought BTC with it, and had like a million dollars in future net worth back when I was in high school LOL. The first time I sincerely heard about BTC was 2008 I believe. Had no idea what it was and didn't care. I just knew a friend bought drugs with it.

I added the %'s in case you weren't feeling chitty enough lmao

[mrc19888]

I added the %'s in case you weren't feeling chitty enough lmao

I've been on spread since I saw you first commented on one of these threads. <3 and ya I noticed the percentages lol.

[Witrebel]

Mining supply isn't the only supply. However, if someone is willing to sell at X-1 then the price of the asset is X-1 until the supplier runs out. This downward pressure impacts everything.

Given that we have entire server farms popping up all over low cost of electricity areas that should tell you something.

Arbitrage can't last forever. Eventually it will stop and "Market Returns" will be standard. ~90% of coins are mined in Central Washington at present. Think about that.



Misses the whole "Cost to mine" which is critical.

You lost me at ~90% of new coins being mined in central washington.... 90% of USA mined coins maybe. But bro.... do you even china?

[Luc1fer]

just lmao @ you for thinking there won't be anymore moon mission when there have been moon missions even in this chit market where coins went 3-25x
just lmao @ you for thinking people will remember the past when they see gains for weeks, then it's gonna be all in again boyos

I agree, a shift in momentum will have everyone jumping back in. It’s just a matter of how long it takes and what triggers it.

[johnnycash123]

This is different, very very different. I predict no more moon missions. Probably further correction to pre-2017 levels (i.e. it will be like that bubble never happened). Then, it'll just go wherever naturally at a much slower pace compared to what we've seen since the inception of BTC.

lol, you are understimating peoples greed and memory, and that the average IQ is only 100 with half of the population being below 100.

As soon as they see some green candles they will all be back in

[mrc19888]

lol, you are understimating peoples greed and memory, and that the average IQ is only 100 with half of the population being below 100.

As soon as they see some green candles they will all be back in

It's more like 90.

[eternalone423]

NEO finally made me fomo in with these delicious prices.

Now I'm wondering if I should get some OMG

[DavidL913]

NEO finally made me fomo in with these delicious prices.

Now I'm wondering if I should get some OMG

If NEO stabalizes,

I'd put a fair amount of money into it as a savings.

Also generates gas for those passive gains. Better than some savings account.

EDIT: ONT generates passive coins too. ONG. cheap af

[eternalone423]

If NEO stabalizes,

I'd put a fair amount of money into it as a savings.

Also generates gas for those passive gains. Better than some savings account.

EDIT: ONT generates passive coins too. ONG. cheap af

Understood. I like the idea of generating gas as passive income. I may just continue to accumulate outside of what I already have for a while to get a decent stack going. I don't know much about ONG though. I will look into it. Thanks man.

[johnnycash123]

It's more like 90.

Yeah not only that social media has fd peoples memories even worse.

[YungSodomy]

>investing into each deadcat bounce thinking it's stabilized

Fully remember all the chit talking from the permabulls on here telling people to load up when Neo was 5 bucks because it would 'never go lower.'

lol.

[juvefan]

Yeah that is a fair point from a nuanced technical perspective (regarding ETH). However in simple terms, the ETH community looks to Vitalik and the devs for direction, and so they are a defacto source of centralization. Even if in reality all they can do is fork it away to another version, if all the ICO/ERC20 tokens follow, and if the businesses follow the new fork, who cares if there is still some ETC2.0 coin that is technically still "code is law" version, except no one uses it. You are sort of making my case point to BCH. How many times now has someone tried to fork Bitcoin and scream and shout that BCH is the real Bitcoin. How many times have they succeeded? I was trading real time the night BCH almmmoosssttttt flipped BTC in value for about 5 min, but the BTC whales made quick work of that setup and the rest is history. You can probably make some good gains in ETH and its probably here to stay. I just personally don't like the centralized nature of it.

And yes, absolutely, we are unlikely to see that level of hyperinflation in our lifetime. But then again just look at purchasing power and inflation of goods and services over the last 40-60 years. Do you REALLY think the USD is sound money? I'm obviously speaking to the extremes of the situation, but to ignore the reality of our economy and society is sort of naive. I mean half the damn country is screaming for socialism, openly.

Lmao what? Do you even know what you’re saying? Ethereum literally has the same development model as bitcoin. Just because the ethereum community isnt a fragmented cesspool doesnt mean its centralized

[Witrebel]

Lmao what? Do you even know what you’re saying? Ethereum literally has the same development model as bitcoin. Just because the ethereum community isnt a fragmented cesspool doesnt mean its centralized

We have a fundamentally different opinion about the same facts. Cheers mate.

[juvefan]

We have a fundamentally different opinion about the same facts. Cheers mate.

Lmao wut. Enjoy living in your echo chamber

[eternalone423]

>investing into each deadcat bounce thinking it's stabilized

Fully remember all the chit talking from the permabulls on here telling people to load up when Neo was 5 bucks because it would 'never go lower.'

lol.

Ok. What's your point?

I'm honestly not worried about NEO going below 5. I'll just buy more.

[FatalTragedy12]

Yeah, I've heard this argument before. I don't buy it because BTC wasn't defacto regulated by futures etc. during each of those dips. It was the crypto wild west. There was never a mainstream boom like this before.

That's all over now.

That might change if BTC's tech is massively overhauled (atomic swapping, >1000 TPS etc.) which will lead to mainstream adoption. People will be using mBTC at that stage though.

[Trapstar4.4]

At this point we should be hoping for this thing to bleed to death. Pumps are just temporary tourniquets.

The big boys are in full control.

[YungSodomy]

Ok. What's your point?

I'm honestly not worried about NEO going below 5. I'll just buy more.

My point is you're allergic to money.

God bless.

[Serenadium]

My point is you're allergic to money.

God bless.

The biggest allergic to money retard is this autistic idiot that bought $300 USD litecoin because his technical analysis told him to.

said litecoins bags are now 97% down.

Fell off my chair laughing for 2 minutes reading that initial post.

[lordpatrick]

I can see why it's easy for some to just call it quits. Tunnel Vision is strong.

Have you ever asked yourself the question how you can solve all the political and economical problems? I have. I have given it some very serious thoughts.
I asked myself, if in theory, communism or capitalism, both succeed, but fail in application, what is the real solution? Another system? If you read about capitalism, you know it should work. Same for communism.
However, man's biggest problem is CORRUPTION. You get into power, you become lenient, and allow yourself to further boost your selfishness. If you're in a communist country, you make everyone equally poor, and you make yourself super rich. In capitalism, the men in power do exactly the same, but using inflation, taxes, highering their incoming while lowering their people's.
Democracy allows the people to chose their representatives, but massive manipulation happens in different countries, and often, the same people end up on the same seat of power.

What is the one solution to all of this: blockchain

Blockchain is the ultimate solution to every problem our society is facing, and that is not an exageration.
Imagine running a vote on a blockchain: Impossible to cheat
Imagine a world where everything is transparent for people in higher positions: Impossible for them to cheat you
Imagine a world where your data is decentralized: How can they steal it and sell it?
Imagine a world where your identity is on the blockchain: Who can steal you identity if you have your own private keys?

Don't confuse price with adoption. Think larger
Yes most of these coins are going to zero, but the working ones that will survive funding in a bear market for 2-3 years will continue developping.

[ausman!]

Imagine a world where everything is transparent for people in higher positions: Impossible for them to cheat you
Imagine a world where your data is decentralized: How can they steal it and sell it?
Imagine a world where your identity is on the blockchain: Who can steal you identity if you have your own private keys?

Don't confuse price with adoption. Think larger
Yes most of these coins are going to zero, but the working ones that will survive funding in a bear market for 2-3 years will continue developping.

Your living in fantasy land. You dont understand it at all. All these coins now are worthless without government backing.

Blockchain technology will be the future, when the government releases its own coin that's regulated.

[YungSodomy]

The biggest allergic to money retard is this autistic idiot that bought $300 USD litecoin because his technical analysis told him to.

said litecoins bags are now 97% down.

Fell off my chair laughing for 2 minutes reading that initial post.

Buttcoin Truckerbrah and jsnip on youtube had incels convinced they'd retire by the end of 2019 loading up on <$200 LTC.

All contrary replies and reasoning got thumbed down to oblivion. It's like a sadist cult for wagecucks. Borderline sickness. I can understand being an optimist, but a good deal of them have completely lost touch with reality. I guess it's a defense mechanism when they realized they've wagered a lot more than their PetCo salary can chew.

[lordpatrick]

Your living in fantasy land. You dont understand it at all. All these coins now are worthless without government backing.

Blockchain technology will be the future, when the government releases its own coin that's regulated.

Have you ever seen anything technological released by the government and used worldwide?
Do I really don't understand it at all? I want to remind you that:

- Telecom industry : private
- Internet industry : private (including protocols)
- Programming: private
- AI and robotics: private

Why would blockchain be any different? It is a technology after all. I'm not talking only about currencies.

[BDSMBBW]

I can see why it's easy for some to just call it quits. Tunnel Vision is strong.

Have you ever asked yourself the question how you can solve all the political and economical problems? I have. I have given it some very serious thoughts.
I asked myself, if in theory, communism or capitalism, both succeed, but fail in application, what is the real solution? Another system? If you read about capitalism, you know it should work. Same for communism.
However, man's biggest problem is CORRUPTION. You get into power, you become lenient, and allow yourself to further boost your selfishness. If you're in a communist country, you make everyone equally poor, and you make yourself super rich. In capitalism, the men in power do exactly the same, but using inflation, taxes, highering their incoming while lowering their people's.
Democracy allows the people to chose their representatives, but massive manipulation happens in different countries, and often, the same people end up on the same seat of power.

What is the one solution to all of this: blockchain

Blockchain is the ultimate solution to every problem our society is facing, and that is not an exageration.
Imagine running a vote on a blockchain: Impossible to cheat
Imagine a world where everything is transparent for people in higher positions: Impossible for them to cheat you
Imagine a world where your data is decentralized: How can they steal it and sell it?
Imagine a world where your identity is on the blockchain: Who can steal you identity if you have your own private keys?

Don't confuse price with adoption. Think larger
Yes most of these coins are going to zero, but the working ones that will survive funding in a bear market for 2-3 years will continue developping.

Your thoughts are idealistic and well intended, But in reality they are not practical. Big governments and Banks are big for a reason. They are never going away. Governments are not as bad as every one paints them to be.

Bitcoin will not grow without governments and banks.

[mrc19888]

Governments are not as bad as every one paints them to be.

Bitcoin will not grow without governments and banks.

You know how I know you don't live in the US or have never studied human history? The only good thing that ever came from any government on the entire face of the earth over all of human history is the Bill of Rights. Every single thing the government touches in my country is an absolute pile of chit. I do however agree with your second point but for different reasons than you. I don't believe any governing body will ever give control to its people over finances. Ultimately it's not possible because if it ever was getting out of hand where the FED was losing its pull with printing money then the government would simply shut the internet down. There, every crypto is now worthless. So is credit cards. Instantaneously. Only paper money holds value from now on. However, longterm I whole heartily believe that paper money will be a thing of the past. Hell in the 50's people thought credit cards were a fad. Now look at them. I don't remember the last time I intentionally used paper money besides tipping workers in Mexico when I visited last week.

EDIT: also for anyone trading this is always a must watch video

https://www.youtube.com/watch?v=0XafQHxHKak

[BDSMBBW]

You know how I know you don't live in the US or have never studied human history? The only good thing that ever came from any government on the entire face of the earth over all of human history is the Bill of Rights. Every single thing the government touches in my country is an absolute pile of chit. I do however agree with your second point but for different reasons than you. I don't believe any governing body will ever give control to its people over finances. Ultimately it's not possible because if it ever was getting out of hand where the FED was losing its pull with printing money then the government would simply shut the internet down. There, every crypto is now worthless. So is credit cards. Instantaneously. Only paper money holds value from now on. However, longterm I whole heartily believe that paper money will be a thing of the past. Hell in the 50's people thought credit cards were a fad. Now look at them. I don't remember the last time I intentionally used paper money besides tipping workers in Mexico when I visited last week.

Governments are not efficient or perfect - But without governments it would be utter chaos.

And yep I agree paper money is on its way out, Even the federal reserves around the world have scaled back "printing" paper money and nowadays are also exploring their own blockchain based currencies.

So where do you position bitcoin? Bitcoin as digital gold or Bitcoin as a replacement for fiat? Bitcoin replacing fiat is never happening.

[mrc19888]

Governments are not efficient or perfect - But without governments it would be utter chaos.

And yep I agree paper money is on its way out, Even the federal reserves around the world have scaled back "printing" paper money and nowadays are also exploring their own blockchain based currencies.

So where do you position bitcoin? Bitcoin as digital gold or Bitcoin as a replacement for fiat? Bitcoin replacing fiat is never happening.

I'm intelligent enough to admit I don't have a clue longterm what BTC will be. I'll admit that. It's currently being treated as a store of value and I don't like to fight trends so for the time being I'll accept that. Ideally I'd like to see something like XRP, NEM, or RaiBlocks be used more mainstream. Full disclosure I've never owned ripple but any coin that is making strides to handle more and more transactions per second is one I see being used much longer term.

[BDSMBBW]

I'm intelligent enough to admit I don't have a clue longterm what BTC will be. I'll admit that. It's currently being treated as a store of value and I don't like to fight trends so for the time being I'll accept that. Ideally I'd like to see something like XRP, NEM, or RaiBlocks be used more mainstream. Full disclosure I've never owned ripple but any coin that is making strides to handle more and more transactions per second is one I see being used much longer term.

The reasoning behind my "BTC not replacing fiat" argument is - The federal reserve has been controlling money for almost a century if not more, They are the experts in the field and they will never give up their monopoly. If some blockchain company is able to convince the fed or the big banks to adopt their technology, Hey its great. Good for them and their company and investors.

Nobody can be certain about btc's future though, Maybe BTC can play a role in everyday transactions or it could go to zero if big guys think btc is interfering in their business in some way.

Here's a fun website i found you guys might find fascinating.

https://arewedecentralizedyet.com/

[Witrebel]

Lmao wut. Enjoy living in your echo chamber

It’s not an echo chamber I just feel that the DAO hack and the subsequent fork are evidence of the more centralized nature of ethereum. We agree on the facts, from a technical perspective I do not believe Vitalik and crew can forcefully upgrade everyone’s nodes, so technically the network is decentralized. You view the bitcoin development community as a “fragmented cess pool”. I agree that it is fragmented but I see great value in that. I am open minded I just don’t think we are on the same page here. We can both be pro crypto and not agree on the centralization of Ethereum