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Finance cryptocurrency

Started by JMG, May 28, 2017, in Life Add to Reading List

  1. hargydon
    Posts: 8,719
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    hargydon No investigation, no right to speak

    May 17, 2021
    Violence isn’t always direct physical attacks, it can be indirect systemic consequences. Billionaires are a systemic consequence of an unequal, free market system that allows exploitation. The more money a person hoards, the less in the total money supply, hence why the gap of wealth keeps increasing exponentially. You cannot become a billionaire without some form of exploitation.

    Elon is currently number one on the wealth list so he embodies that title & is currently contributing the most overall, how can you support that? Because he pays people to make cars? Whether you like the products or not to provide that as justification to his status is absurd.
    The self-driven rhetoric you’ve used is not an excuse to exploit others & is also irrelevant when you’re isolating it without contextualising it against his privilege. His family owned an emerald mine lol. I also think you’re grossly undermining all the workers he hires from labourers-to-scientists to create his “innovations” that don’t have a name on *their* successes. You’re conflating a CEO’s achievements with his workers.

    Also echoing what @1999 said.
     
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  2. TheResponderUno
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    TheResponderUno

    May 17, 2021
    Give me facts bro. You sound like a Karen.

    The inflation for Doge is actually capped at a particular yearly percentage. So it cannot increase indefinitely in a given year.

    Similar to the paper money argument quoted by you. Paper money can technically be printed indefinitely, but it is not (for the most part, under stable, normal economic circumstances).

    While this limits Dogecoin's growth into the 100's and 1000's (only from a PURE math perspective. Remember Ethereum is also not capped at a particular number, like Bitcoin is) it behaves in a way that currency would.

    As a bonus, to close out the Ether reference, that is an example of an uncapped crypto with other technological utility, so the price is not determined by pure math on a, cap level, but by its use. The argument here is that it can be the, same for Doge.
     
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  3. hargydon
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    hargydon No investigation, no right to speak

    May 17, 2021
    Blockchain is our best attempt at destabilising the dollar without abolishing the USA tbf
     
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  4. Slyk
    Posts: 8,747
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    Joined: Feb 15, 2011
    Location: Detroit -> Cali

    Slyk God made a prophet.

    May 17, 2021
    Lol. I’m a fan of the results of the companies he’s been involved in. You’re going pretty hard at the notion of that.
     
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  5. 1999
    Posts: 16,157
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    1999

    May 18, 2021
    Bruh what? Lmao

    Nothing relies on Doge, if some big whales decided to dump the price would go down esp since doge is allowed more than just regular fiat currency. Thats all I'm saying- you said paper money is limitless well yeah it is but the price value still remains consistent for a lot of reason and its mostly f----- up but thats besides the point. Doge will never be as stable as you're hoping it to be but I'm sure you can still make money if you're smart about it.

    It wont be f---ing dogecoin
     
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  6. hargydon
    Posts: 8,719
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    hargydon No investigation, no right to speak

    May 18, 2021
    This is true. I believe the current potential lies with Ethereum & Cardano. Cardano is making big moves in Ethiopia currently.
     
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  7. Blaxmith802
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    Joined: Dec 17, 2020

    Blaxmith802

    May 18, 2021
    AMC is the lick yall
     
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  8. Slyk
    Posts: 8,747
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    Slyk God made a prophet.

    May 19, 2021
    IMAGE 2021-05-18 22:05:00.jpg
     
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  9. icecube
    Posts: 9,764
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    Location: London

    icecube West Coast is the Best Coast

    May 19, 2021
    Just got access to my Binance account again. Can't remember the last time I used this!

    Any recommendations?

    Still mostly interested in just drip feeding into BTC and ETH and HODLing but could be tempted to try to get the big gains a bit.
     
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  10. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    Major dips across the board in the last 24 hours. Worth investing now if you haven’t.
     
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  11. Oldboy
    Posts: 51,226
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    Oldboy

    May 19, 2021
    You are holding nothing of value. This is nothing. You are buying into tweets and hypes and something that will be illegal sooner or later
     
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  12. DKC
    Posts: 23,404
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    DKC shortygonletmecrush

    May 19, 2021
    USD has no inherent value either. it's all made up and no longer backed by gold or silver or anything. it only has value because we all agree that it does.
     
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  13. Lil Squeed
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    Lil Squeed French Montana Stan

    May 19, 2021
    DOGE's street value about to s---t through the roof if they outlaw it :emoji_raised_hands::emoji_heavy_dollar_sign::emoji_100:
     
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  14. icecube
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    icecube West Coast is the Best Coast

    May 19, 2021
    To be fair, it'll have more day-to-day use in the short term if it's made illegal. It started off as a way to buy drugs without a paper trail and that's what it will be again. Can't see it being made illegal though.
     
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  15. Sign Language
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    Sign Language We miss you Screw

    May 19, 2021
    Scooped up more ADA
    As opposed to the fiat currency we all use that is only backed by the word of government?
     
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  16. Oldboy
    Posts: 51,226
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    Oldboy

    May 19, 2021
    Usd and money is not made up. It is backed even if not by gold and silver.
     
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  17. Sign Language
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    Sign Language We miss you Screw

    May 19, 2021
    Backed by what? Word of government holds no value.
     
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  18. DKC
    Posts: 23,404
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    DKC shortygonletmecrush

    May 19, 2021
    I trust the word of a random internet dude named satoshi more than the word of the US government lol
     
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  19. Sign Language
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    Sign Language We miss you Screw

    May 19, 2021
    Word

    People forget that all paper currency is essentially Monopoly money now.
     
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  20. Oldboy
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    Oldboy

    May 19, 2021
    brah.....

    the fact usd is used to trade other stuff is why it holds value, you can use usd and other currencies which give them value, you can only use usd to buy oil internationally...so everything that is tied to usd it what gives it value
     
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