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Suri22

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    Cryptocurrencies

    in General Discussion

    Posted

    8 minutes ago, rkbabang said:

     

    You are conflating so many different topics/concepts in this post it is hard to even respond to it.  The backbone of the internet was largely created by private companies with some government funding.  Spectrum is for wireless only and regulated by the US government in the US.   You can go get yourself a domain name, set up a website and no one will regulate what you put on it.   Websites are run by private companies, individuals, educational institutions, governments and everything else you can think of.   Crypto exists on that same internet.  FTX was a centralized exchange as was every exchange failure since Mt. Gox.  Centralized exchange failures happen and will continue to happen.

    like said topic got evaded however i disagree internet was created by federal funding initially, https://www.govtech.com/archive/who-invented-the-internet.html#:~:text=The Internet did start with,we know today%2C Cerf wrote.

     

    its not decentralized like Bitcoin

     

     

    coming to the topic my only question is why do crypto enthusiast call it alternative currency,  when they only interested in dollar value of it rather than using it as a currency to buy consumer goods ?

    Cryptocurrencies

    in General Discussion

    Posted

    4 minutes ago, Gregmal said:

    Fill in FANG stocks and you have the same sort of philosophical question. The last decade was spent promoting their gloriousness and ability to replace existing societal functions while early investors cashed out. 

     

     you are completely evading  from the point, all FANG companies built their business  on the "internet" which is built and regulated by governments, not by any anonymous person ,

    those companies are product of 0% interest rates and capitalists that drive that companies

     

    There is No  decentralized internet over there ?

    they are purely profit driven public listed companies who sell their products

     

    https://www.ntia.doc.gov/book-page/who-regulates-spectrum

     

     

    So that means  your saying that all crypto are all private companies , purely profit driven but you paint a narrative that this will be alternative currency for societal good  so you can profit first .. just like what SBF and FTX did ???

    Cryptocurrencies

    in General Discussion

    Posted

    On 11/14/2022 at 2:31 PM, Gregmal said:

    Of course and this is all accurate. The past few years have been spent basically being a crypto promotion. But that doesn’t remove the fact that there is utility to it. Or undermine the idea that huge portions of the investment community are simply lazily and prideful and therefor refuse to admit that things without cash flows have value too. Of course most of the time they do, but definitely not all the time. 
     

    Sports teams I guess are one of the longest running manias in the world along with art, although now there’s a movement to try to say they’re all tax based benefits….it’s a scary world when the ti-83 doesn’t tell you what to pay for something! Hey, just slap a 10-15x multiple on it…. I mean serious investing shouldn’t be that easy, at least not all the time.

     

    so all last 10 years is just crypto promotion so you first moving advantage people can   pump and dump later for bag holders ? ??? by painted  narrative that this is an alternative ???

     

    I would like to know if you still buy it if that coins cannot be converted by back to dollars $ ?

     

     

      what utility does the coin has it would you care to explain that ?? 

     

    and internet derived realty is not decentralized..  would you be more specific with example backed reason ?

    Cryptocurrencies

    in General Discussion

    Posted

    Two common sense questions that come two my mind when i see the comment's in this thread.

     

    1. Printing Money out of thin air and spending tax money collected from public is the power of any sovereign nation and their elected officials, why would they let that power taken away by  someone(nobody) who created similar kind of currency made out '1' and '0' binary code ? 🤔

     

    2. Whoever that guy Mr Nakamota is.. if you read his first post 2009 feb , he clearly mentioned that we want to bring change monetary system, so bitcoin can become an alternate currency to use.(ideological)

    however why nobody talks about using crypto to buy pack of cigarettes or dozen eggs as nakomoto intended

    But every one is interested in how much Bitcoin is worth in $$(dollar's) 20k, 30k.. 50k .. tell me is this not motivated by "greed' in them sort of get rich quick scheme 🤔🤔🤔🤔🤔🤔🤔 ?????

    China

    in General Discussion

    Posted

    On 10/31/2022 at 1:39 PM, sleepydragon said:


    rare earth is not rare at all. It’s everywhere. American stopped mining it because it’s too cheap and labor is too costly.

     

    this is like saying American has a monopoly on coal mining — it’s not like this is a easy and money making nice job.

     

     

    you are right that they are abundance of availability  , what makes  china monopoly is the refining process and refinery  , which is very hard  to process which took china to eventually build that in last 20 years 

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