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Celerity

(46,541 posts)

17. Do you use debit and credit cards? Are you paid via EFTs?

Sat Dec 7, 2024, 10:21 AM

Saturday

If so, you are not physically touching that money.

As for 'realists', those old posts I referenced in my previous reply turned out to be ones profoundly out of touch with the present reality.

People who consistently make wrong predictions year after year after year are not realists, and many who clung to those old doom-castings (some for well over a decade) were simply engaging in 'no-skin-in-the game' continuous Martingale-type (ie, keep doubling down on failure after failure, prediction-wise) prognostication antics.

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So is Crypto a pyramid scheme or something else? [View all] TNNurse Saturday OP

DU is not the best place to ask RandiFan1290 Saturday #1

It's a rip-off Blue_Tires Saturday #10

well, I don't know who this "finance guy" is, but his history of the internet lapfog_1 Saturday #16

Need some clarification here. LAS14 Saturday #35

Excellent Post! One Minor Flaw. ProfessorGAC Saturday #52

It could be transmuted by a particle accelerator ThoughtCriminal Sunday #75

Fair Enough ProfessorGAC Sunday #77

It is the perfect currency for criminals (drug cartels, gun runners, human traffickers, rogue nation states, etc.) waterwatcher123 Saturday #54

Thanks!! This looks like the kind of thing I've been hunting for for years. LAS14 Saturday #32

They likely have a very large endowment Redleg Saturday #49

You warned me about asking on here. TNNurse Saturday #62

The use of blockchain in Crypto LAS14 17 hrs ago #86

It's a way to... 2naSalit Saturday #2

The way I understand it, bamagal62 Saturday #3

All money is 'made up'. Voltaire2 Saturday #14

That's the thing... BTC is NOT used as a token of exchange for anything other than money laundering by tha VAST majority Happy Hoosier Saturday #33

It is used, to a very limited extent, as an exchange token. Voltaire2 Saturday #38

Exactly. Happy Hoosier Saturday #44

I know that. Thx. bamagal62 Saturday #73

Made up money as opposed to the Drachma... Alephy Saturday #19

Your observation of it as a STORE of value is good one. Happy Hoosier Saturday #34

"Bitcoin is new" dawg Saturday #60

Yes, it is really, really new Alephy Saturday #63

Bitcoin is an antiquated energy-wasting protocol. If the world was ever serious ... dawg Saturday #66

Sure Alephy Saturday #67

It's the currency of the future ... dawg Saturday #69

My apologies Alephy Saturday #20

Not sure, but if I recall correctly, when you make a reply, the "powers" button below it becomes active for you Attilatheblond Saturday #53

Thank you very much Alephy Saturday #56

Just passing along what someone else showed me here Attilatheblond Saturday #71

It's made-up money, but its primary benefit is that it's untraceable. Lonestarblue Saturday #28

This message was self-deleted by its author Chin music Saturday #31

Scam, well known. Passages Saturday #4

Molly White does a great job of tracking this scam . . . hatrack Saturday #5

The perferred method of exchange for criminals the world over. paleotn Saturday #6

It's more like timeshares for the new millennium. Hugin Saturday #7

Crypto is an experiment in harnessing perception as wealth. Frasier Balzov Saturday #8

DU is probably the worst possible place to discuss BTC that I have seen. Years ago, a DU poster put up dozens of Celerity Saturday #9

I'll never trust any money I cannot physically touch Blue_Tires Saturday #13

Do you use debit and credit cards? Are you paid via EFTs? Celerity Saturday #17

I do use debit and credit cards, TNNurse Saturday #24

Actually blockchain - the tech behind bitcoins- Voltaire2 Saturday #39

Thank you for beautifully illustrating my point Blue_Tires Sunday #81

No, I did not illustrate your point at all, sorry. Celerity Sunday #82

Like I said before, you're only helping Elmer and Donnie Blue_Tires Sunday #84

I do not mine BTC or any other crypto currency, nor do I trade in BTC or any other crypto currency. Celerity Sunday #85

It's not strictly true that tulips can't endure. LisaM Saturday #37

Yes, but you are now introducing both labour and non-fungibility. Celerity Saturday #43

I appreciate your commentary on this topic Alephy Saturday #57

thanks Celerity Saturday #58

Precisely, I have been in and out of Bitcoin since it first JCMach1 Saturday #61

thank you, and OUCH! (the 30 deleted BTC) yikes Celerity Saturday #64

I was treating it as an experiment... So I try to laugh JCMach1 Saturday #65

well, at least you didn't spend 10,000 BTC on 2 pizzas................ (worth roughly 1 BILLION USD now) Celerity Saturday #68

Thank you all. TNNurse Saturday #11

It's closer to a ponzi scheme Blue_Tires Saturday #12

It's a great way to launder money, too. GoCubsGo Saturday #22

IMO, the rise of Bitcoin (and maybe other crypto) is being fueled by hopeium nitpicked Saturday #15

The answer is Yes. Wonder Why Saturday #18

Mostly yes. Voltaire2 Saturday #21

The European Tulip Price Collapse. Jacson6 Saturday #23

Fatally flawed analogy, and one that has been trotted out here continously long before I joined DU in mid-2018, as Celerity Saturday #40

Excellent comparison. Thank you for that. BannonsLiver Saturday #45

And the South Sea Company Amanita Pantherina Saturday #55

It's not quite. usonian Saturday #25

I never understood what it is. claudette Saturday #26

Crypto is electronic barter wrapped around a restrained supply of medallions bucolic_frolic Saturday #27

It's a game of hot potato Happy Hoosier Saturday #29

Crypto-gypto oasis Saturday #30

All currency not based an a physical commodity, but traded in markets are a scheme and a process of continual ... marble falls Saturday #36

Have bought and held BTC (only) for a couple years Wavelight Saturday #41

Well, I will be 80 in 5 years so I doubt that will be my concern. TNNurse Saturday #48

I regret my timidity with it... Mark.b2 Saturday #70

It's a threat to the environment. ... littlemissmartypants Saturday #42

Yes Blue Full Moon Saturday #46

Money laundering, tax evasion, medium for illegal purchases. DJ Synikus Makisimus Saturday #47

A speculative mania-- really an improved version of the Tulip mania andym Saturday #50

The big money return in crypto is::: keithbvadu2 Saturday #51

Very poor way to launder money as BTC has an open ledger JCMach1 Saturday #59

Many places take Bitcoin as payment..... Who accepts Trump crypto as payment? keithbvadu2 Saturday #72

I've never encountered one place that takes crypto. If I go to the grocery store I can't buy a gallon of milk with it. Vinca Sunday #78

I have a Visa debit card through Coinbase RandiFan1290 Sunday #79

And the worst part is ... AncientOfDays Saturday #74

Laundering Money ._. Sunday #76

Plot to crash economy and make US taxpayer pay for it. Kid Berwyn Sunday #80

Some fucking crypto is easier to track that others. Bitcoin leave a clear trail. Monero fucking does not. Very different SoFlaBro Sunday #83