• OT crypto crash

    From jlarkin@highlandsniptechnology.com@21:1/5 to All on Thu May 12 07:11:11 2022
    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth-destroyed-183042529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMuSbpwV3EWdsJcEKThcK3HHpJ5Pq39wBQ_
    rNoHc1I4yRRaGtJhiNuyyY0NUuRkph7xt6vqxjfLLlSPpD7Cb4kSId9jQbAZ0T89wUav5Mxvk5KokPYxy9Ge-Vk27rnicZrxQ2oVkqEv_-NgT35G5pYWcjJ_qV5Tp83bpkNHzL4Xs

    not to mention all sorts of tech stocks that have lost 95% of their
    IPO price.

    Dot-bomb and tulip bulbs again... emotional trading in things with no underlying value. At least it didn't take terajoules to grow tulips.

    It's hard to feel sorry for some guy who is down to his last two
    billion dollars, but lots of ordinarily greedy people could be in big
    trouble with their wives too.



    --

    Anybody can count to one.

    - Robert Widlar

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  • From Martin Brown@21:1/5 to jlarkin@highlandsniptechnology.com on Thu May 12 17:13:30 2022
    On 12/05/2022 15:11, jlarkin@highlandsniptechnology.com wrote:

    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth-destroyed-183042529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMuSbpwV3EWdsJcEKThcK3HHpJ5Pq39wBQ_
    rNoHc1I4yRRaGtJhiNuyyY0NUuRkph7xt6vqxjfLLlSPpD7Cb4kSId9jQbAZ0T89wUav5Mxvk5KokPYxy9Ge-Vk27rnicZrxQ2oVkqEv_-NgT35G5pYWcjJ_qV5Tp83bpkNHzL4Xs

    not to mention all sorts of tech stocks that have lost 95% of their
    IPO price.

    There are always a few unicorns that quickly become dodos.

    The VC's I know reckon only 1 in 10 will ever pay back but when they get
    a good one it pays back so many times over that the risk is worth it.
    They prefer crash and burn cutting edge enterprises to ones that linger
    on never quite making it fly or going bust. Absorbs too much management
    time. (they pull the plug in such cases precipitating the latter)

    Dot-bomb and tulip bulbs again... emotional trading in things with no underlying value. At least it didn't take terajoules to grow tulips.

    And in extremis you can just about eat tulip bulbs.

    Tulip mania one grower/merchant/speculator inadvertantly did after a
    visitor mistook the precious bulb for an onion (or so the story goes)...

    https://www.bbc.co.uk/news/business-51311368

    I can't think of anything much that you can do with crypto currencies in
    the real world apart from accidentally lose them:

    https://www.theguardian.com/uk-news/2021/jan/14/man-newport-council-50m-helps-find-bitcoins-landfill-james-howells

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.

    It's hard to feel sorry for some guy who is down to his last two
    billion dollars, but lots of ordinarily greedy people could be in big
    trouble with their wives too.

    Fear of losing out is what drives these crazy speculative bubbles.

    So long as there is a "greater fool" to sell turds wrapped in gold foil
    to then buying them and reselling quickly at a profit is quite rational.
    (if you have no ethics)

    It all comes tumbling down when somebody innocently points out that the
    emperor has no clothes. The goods then revert to their intrinsic value.

    Pump and dump is the simplest of these dodgy investment schemes.

    --
    Regards,
    Martin Brown

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  • From John Walliker@21:1/5 to Martin Brown on Thu May 12 13:05:10 2022
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of fashion when people wise up to just how much they contribute to global warming. You would be hard pressed to invent something more wasteful of energy for the value of the transactions processed.

    +1

    John

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  • From DecadentLinuxUserNumeroUno@decadenc@21:1/5 to John Walliker on Thu May 12 23:20:38 2022
    John Walliker <jrwalliker@gmail.com> wrote in news:3bd70711-dd8f-40bd-b337-afea4526eab6n@googlegroups.com:

    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall
    out of fashion when people wise up to just how much they
    contribute to global warming. You would be hard pressed to invent
    something more wasteful of energy for the value of the
    transactions processed.

    +1

    John


    Let alone the FACT that they are NOT globally recognized currencies,
    AND ALL the criminal enterprises and drug cartels use it.

    Involving one's self in crypto currencies is actually a criminal
    act when you get right down to it. Passing it off as harmless is far
    from the truth.

    That and tobacco are the biggest evils on the planet, besides
    idiots like Trump and Putin.

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  • From bitrex@21:1/5 to jlarkin@highlandsniptechnology.com on Fri May 13 00:00:18 2022
    On 5/12/2022 10:11 AM, jlarkin@highlandsniptechnology.com wrote:

    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth-destroyed-183042529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMuSbpwV3EWdsJcEKThcK3HHpJ5Pq39wBQ_
    rNoHc1I4yRRaGtJhiNuyyY0NUuRkph7xt6vqxjfLLlSPpD7Cb4kSId9jQbAZ0T89wUav5Mxvk5KokPYxy9Ge-Vk27rnicZrxQ2oVkqEv_-NgT35G5pYWcjJ_qV5Tp83bpkNHzL4Xs

    not to mention all sorts of tech stocks that have lost 95% of their
    IPO price.

    Dot-bomb and tulip bulbs again... emotional trading in things with no underlying value. At least it didn't take terajoules to grow tulips.

    It's hard to feel sorry for some guy who is down to his last two
    billion dollars, but lots of ordinarily greedy people could be in big
    trouble with their wives too.


    At the beginning of the year I made a lil portfolio with $500 into cryptocurrency, the Energy Select Sector Index fund, and emerging market
    stocks in Brazil and Africa, because my magic 8 ball told me these
    things naturally hedge each other.

    It's down about 9% for the year so far so basically not that much worse
    than high-yield bonds over the same time period /shrug

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  • From bitrex@21:1/5 to jlarkin@highlandsniptechnology.com on Thu May 12 23:47:18 2022
    On 5/12/2022 10:11 AM, jlarkin@highlandsniptechnology.com wrote:

    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth-destroyed-183042529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMuSbpwV3EWdsJcEKThcK3HHpJ5Pq39wBQ_
    rNoHc1I4yRRaGtJhiNuyyY0NUuRkph7xt6vqxjfLLlSPpD7Cb4kSId9jQbAZ0T89wUav5Mxvk5KokPYxy9Ge-Vk27rnicZrxQ2oVkqEv_-NgT35G5pYWcjJ_qV5Tp83bpkNHzL4Xs

    not to mention all sorts of tech stocks that have lost 95% of their
    IPO price.

    Dot-bomb and tulip bulbs again... emotional trading in things with no underlying value. At least it didn't take terajoules to grow tulips.

    It's hard to feel sorry for some guy who is down to his last two
    billion dollars, but lots of ordinarily greedy people could be in big
    trouble with their wives too.


    My cryptocurrency investment did really badly this year, but given my
    overall exposure I think my ladyfriend will be able to forgive my
    trespasses:

    <https://imgur.com/a/pe6wuy0>

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  • From John Doe@21:1/5 to jlarkin@highlandsniptechnology.com on Fri May 13 05:46:34 2022
    jlarkin@highlandsniptechnology.com wrote:

    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth-destroyed-183042529.html?

    Shortened the link.

    not to mention all sorts of tech stocks that have lost 95% of their IPO price.

    Dot-bomb and tulip bulbs again... emotional trading in things with no underlying value. At least it didn't take terajoules to grow tulips.

    Difficult to believe anybody would waste so much energy. Who would come up
    with such a wasteful scheme?

    AND while wasting all that energy, they have driven up the cost of video
    cards, sky high. I hope they all go broke. I'm ready to grab a really
    great deal on a high-powered video card... :)

    AND maybe that means less YouTube comment section spam.
    Haven't seen bitcoin spammers in a while.



    --


    It's hard to feel sorry for some guy who is down to his last two billion dollars, but lots of ordinarily greedy people could be in big trouble
    with their wives too.




    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to All on Fri May 13 07:27:18 2022
    On Thu, 12 May 2022 07:11:11 -0700, jlarkin@highlandsniptechnology.com
    wrote:


    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth-destroyed-183042529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMuSbpwV3EWdsJcEKThcK3HHpJ5Pq39wBQ_
    rNoHc1I4yRRaGtJhiNuyyY0NUuRkph7xt6vqxjfLLlSPpD7Cb4kSId9jQbAZ0T89wUav5Mxvk5KokPYxy9Ge-Vk27rnicZrxQ2oVkqEv_-NgT35G5pYWcjJ_qV5Tp83bpkNHzL4Xs

    not to mention all sorts of tech stocks that have lost 95% of their
    IPO price.

    Dot-bomb and tulip bulbs again... emotional trading in things with no >underlying value. At least it didn't take terajoules to grow tulips.

    It's hard to feel sorry for some guy who is down to his last two
    billion dollars, but lots of ordinarily greedy people could be in big
    trouble with their wives too.

    https://www.infowars.com/posts/suicide-threats-spike-on-reddit-after-crypto-crash/



    --

    Anybody can count to one.

    - Robert Widlar

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  • From Ed Lee@21:1/5 to jla...@highlandsniptechnology.com on Fri May 13 08:32:51 2022
    On Friday, May 13, 2022 at 7:27:28 AM UTC-7, jla...@highlandsniptechnology.com wrote:
    On Thu, 12 May 2022 07:11:11 -0700, jla...@highlandsniptechnology.com
    wrote:

    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth-destroyed-183042529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMuSbpwV3EWdsJcEKThcK3HHpJ5Pq39wBQ_
    rNoHc1I4yRRaGtJhiNuyyY0NUuRkph7xt6vqxjfLLlSPpD7Cb4kSId9jQbAZ0T89wUav5Mxvk5KokPYxy9Ge-Vk27rnicZrxQ2oVkqEv_-NgT35G5pYWcjJ_qV5Tp83bpkNHzL4Xs

    not to mention all sorts of tech stocks that have lost 95% of their
    IPO price.

    Dot-bomb and tulip bulbs again... emotional trading in things with no >underlying value. At least it didn't take terajoules to grow tulips.

    It's hard to feel sorry for some guy who is down to his last two
    billion dollars, but lots of ordinarily greedy people could be in big >trouble with their wives too. https://www.infowars.com/posts/suicide-threats-spike-on-reddit-after-crypto-crash/

    They are inexpedient traders. Never have more than 10% unhedged positions in cryptos, stocks or casino bets. Although i broke my own rule in the energy sector, they were too cheap and in BK area. I am currently in around 30% energy but 15% hedge.
    Most of my hedged positions are way higher than expected target price. But that's OK, i just don't get the huge profits like other traders.

    --- SoupGate-Win32 v1.05
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  • From amdx@21:1/5 to John Walliker on Fri May 13 11:32:15 2022
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
      If the value received is less than the cost of the energy used,
    no one would be mining crypto. Global Warming is a different question.

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  • From Martin Brown@21:1/5 to amdx on Fri May 13 19:11:54 2022
    On 13/05/2022 17:32, amdx wrote:
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
      If the value received is less than the cost of the energy used,
    no one would be mining crypto. Global Warming is a different question.

    That isn't true though. Several crypto mining operations now work by
    stealing CPU off unsuspecting internet users or flat out stealing the electricity from the mains. Much less illegal than a cannabis farm.

    https://www.bbc.co.uk/news/uk-england-birmingham-57280115

    Various botnets do it...

    --
    Regards,
    Martin Brown

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  • From Ed Lee@21:1/5 to Martin Brown on Fri May 13 11:19:11 2022
    On Friday, May 13, 2022 at 11:12:04 AM UTC-7, Martin Brown wrote:
    On 13/05/2022 17:32, amdx wrote:
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >>> fashion when people wise up to just how much they contribute to global >>> warming. You would be hard pressed to invent something more wasteful of >>> energy for the value of the transactions processed.
    +1

    John
    If the value received is less than the cost of the energy used,
    no one would be mining crypto. Global Warming is a different question.

    That isn't true though. Several crypto mining operations now work by
    stealing CPU off unsuspecting internet users or flat out stealing the electricity from the mains. Much less illegal than a cannabis farm.

    And in countries like Russia, Iran and N.Korea, they don't care about energy cost.

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  • From John Larkin@21:1/5 to amdx on Fri May 13 17:04:07 2022
    On Fri, 13 May 2022 18:57:46 -0500, amdx <amdx@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 >today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/

    Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
    Mikek

    Sell! Sell!

    --

    If a man will begin with certainties, he shall end with doubts,
    but if he will be content to begin with doubts he shall end in certainties. Francis Bacon

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  • From amdx@21:1/5 to John Walliker on Fri May 13 18:57:46 2022
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17
    today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/

     Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
                                 Mikek


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  • From Ed Lee@21:1/5 to amdx on Fri May 13 17:09:43 2022
    On Friday, May 13, 2022 at 4:57:56 PM UTC-7, amdx wrote:
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/

    Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
    Mikek

    1/100 of a cent? But who's counting zeros.

    --- SoupGate-Win32 v1.05
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  • From amdx@21:1/5 to Ed Lee on Fri May 13 19:33:15 2022
    On 5/13/2022 7:09 PM, Ed Lee wrote:
    On Friday, May 13, 2022 at 4:57:56 PM UTC-7, amdx wrote:
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >>>> fashion when people wise up to just how much they contribute to global >>>> warming. You would be hard pressed to invent something more wasteful of >>>> energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17
    today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
    Mikek
    1/100 of a cent? But who's counting zeros.
     Oh, well that makes a difference! Ya, I should have had a decimal
    point, 1.9/100 of one cent.
     It's up 30% since my post 35 minutes ago.
     And John said sell, boy, what does he know? :-)
                      Mikek

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  • From amdx@21:1/5 to John Walliker on Fri May 13 19:19:20 2022
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17
    today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/

     Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
                                 Mikek


    --
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  • From amdx@21:1/5 to John Larkin on Sat May 14 08:17:51 2022
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <amdx@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >>>> fashion when people wise up to just how much they contribute to global >>>> warming. You would be hard pressed to invent something more wasteful of >>>> energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17
    today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/
     Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
                                 Mikek
    Sell! Sell!

     John, you should have bought, bought, bought! The price has quadrupled
    from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)
                                       Mikek

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  • From Ed Lee@21:1/5 to amdx on Sat May 14 06:55:49 2022
    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >>>> fashion when people wise up to just how much they contribute to global >>>> warming. You would be hard pressed to invent something more wasteful of >>>> energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 >> today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled
    from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)

    Even borrowed time is worth a little bit. UST (TerraUSD) is at $0.19. Terra Luna is designed to destroy UST tokens to push price up to $1, by printing more Luna. Currently, there are 6,530,000,000,000 Luna. They have to increase it several times.
    Only Lunatic would put new money into Luna.

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  • From jlarkin@highlandsniptechnology.com@21:1/5 to amdx on Sat May 14 07:24:21 2022
    On Sat, 14 May 2022 08:17:51 -0500, amdx <amdx@knology.net> wrote:

    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <amdx@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >>>>> fashion when people wise up to just how much they contribute to global >>>>> warming. You would be hard pressed to invent something more wasteful of >>>>> energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 >>> today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled
    from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)
    Mikek

    Darn. I could have bought a whole blueberry.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to edward.ming.lee@gmail.com on Sat May 14 07:30:20 2022
    On Sat, 14 May 2022 06:55:49 -0700 (PDT), Ed Lee
    <edward.ming.lee@gmail.com> wrote:

    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >> >>>> fashion when people wise up to just how much they contribute to global >> >>>> warming. You would be hard pressed to invent something more wasteful of >> >>>> energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 >> >> today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled
    from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)

    Even borrowed time is worth a little bit. UST (TerraUSD) is at $0.19. Terra Luna is designed to destroy UST tokens to push price up to $1, by printing more Luna. Currently, there are 6,530,000,000,000 Luna. They have to increase it several times.
    Only Lunatic would put new money into Luna.

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Jeroen Belleman@21:1/5 to jlarkin@highlandsniptechnology.com on Sat May 14 17:21:50 2022
    On 2022-05-14 16:30, jlarkin@highlandsniptechnology.com wrote:
    On Sat, 14 May 2022 06:55:49 -0700 (PDT), Ed Lee
    <edward.ming.lee@gmail.com> wrote:

    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >>>>>>> fashion when people wise up to just how much they contribute to global >>>>>>> warming. You would be hard pressed to invent something more wasteful of >>>>>>> energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 >>>>> today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in >>>>> the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled
    from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)

    Even borrowed time is worth a little bit. UST (TerraUSD) is at $0.19. Terra Luna is designed to destroy UST tokens to push price up to $1, by printing more Luna. Currently, there are 6,530,000,000,000 Luna. They have to increase it several times.
    Only Lunatic would put new money into Luna.

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.

    The same is true for dollars, strictly speaking. The whole economy is
    based on trust. As long as you can exchange your basically worthless
    tokens for something you need when you need it, the system works. It's
    scary, really.

    Jeroen Belleman

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Ed Lee@21:1/5 to Jeroen Belleman on Sat May 14 08:38:50 2022
    On Saturday, May 14, 2022 at 8:21:58 AM UTC-7, Jeroen Belleman wrote:
    On 2022-05-14 16:30, jla...@highlandsniptechnology.com wrote:
    On Sat, 14 May 2022 06:55:49 -0700 (PDT), Ed Lee
    <edward....@gmail.com> wrote:

    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote: >>>>
    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote: >>>>>>
    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17
    today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41. >>>>>
    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in >>>>> the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled >>> from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)

    Even borrowed time is worth a little bit. UST (TerraUSD) is at $0.19. Terra Luna is designed to destroy UST tokens to push price up to $1, by printing more Luna. Currently, there are 6,530,000,000,000 Luna. They have to increase it several times.
    Only Lunatic would put new money into Luna.

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.
    The same is true for dollars, strictly speaking. The whole economy is
    based on trust. As long as you can exchange your basically worthless
    tokens for something you need when you need it, the system works. It's scary, really.

    They will fix the broken promise with another promise. The original 30 billions (real dollars) or so pumped into UST/Luna are gone forever. They will restart the blockchain with another billion tokens. Just give them another 30 billions USD and
    everything will be fine. Trust them.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Anthony William Sloman@21:1/5 to Jeroen Belleman on Sat May 14 08:46:35 2022
    On Sunday, May 15, 2022 at 1:21:58 AM UTC+10, Jeroen Belleman wrote:
    On 2022-05-14 16:30, jla...@highlandsniptechnology.com wrote:
    On Sat, 14 May 2022 06:55:49 -0700 (PDT), Ed Lee <edward....@gmail.com> wrote:
    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote: >>>>> On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    <snip>

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.
    The same is true for dollars, strictly speaking. The whole economy is
    based on trust. As long as you can exchange your basically worthless
    tokens for something you need when you need it, the system works. It's scary, really.

    In secondary school we got taught that money is a medium of exchange.

    To make barter work you have to know the pairwise rate of exchange for a very large number of items, which is a very large data base (not that anybody talked about data bases when I was at school).

    By hanging a price per unit on every item, you only needed one list prices and the pairwise exchange rate can be worked out from the prices of the two items you are swapping, and it gets around the need to swap only whole items. You can even swap stuff
    by weight, and weighing is a lot faster than counting.

    The whole thing is a very useful fiction, and like all useful fictions somebody will always work out a way to screw it up to their own advantage.

    Pyramid scams are one example, and stock market crashes are essentially pyramid scams. starting with the Dutch tulip mania.

    --
    Bill Sloman, Sydney

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Ed Lee@21:1/5 to amdx on Sat May 14 10:30:32 2022
    On Saturday, May 14, 2022 at 10:19:16 AM UTC-7, amdx wrote:
    On 5/14/2022 8:55 AM, Ed Lee wrote:
    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global
    warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17
    today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41. >>>>
    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in >>>> the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled
    from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)
    Even borrowed time is worth a little bit. UST (TerraUSD) is at $0.19. Terra Luna is designed to destroy UST tokens to push price up to $1, by printing more Luna. Currently, there are 6,530,000,000,000 Luna. They have to increase it several times.
    Only Lunatic would put new money into Luna.
    Ed, you need to educate me. When you say "UST (TerraUSD) is at
    $0.19", Is that something different than the Terra Luna I see here,
    https://coinmarketcap.com/currencies/terra-luna/ That is $0.0003652 as
    I write.

    Yes, they are different but related.

    UST is the main stable coin that is supposed to be fixed at $1, by manipulating the price and supply of Terra Luna. Not sure if I get the exact mechanism right, but it's not working anyway. I think UST was originally exchanged for 30 billions in
    dollars and bitcoins. With both UST and Luna worthless, the original investment vaporized.

    And what is the Fork?
    https://agora.terra.money/t/fork-luna-time-to-pull-an-etc-vs-eth-stunt/7288

    Reprinting Luna, destroying the existing coins. The old Luna is like confederate money, new money takes over.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From amdx@21:1/5 to Ed Lee on Sat May 14 12:19:07 2022
    On 5/14/2022 8:55 AM, Ed Lee wrote:
    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of >>>>>> fashion when people wise up to just how much they contribute to global >>>>>> warming. You would be hard pressed to invent something more wasteful of >>>>>> energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 >>>> today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41.

    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in
    the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled
    from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)
    Even borrowed time is worth a little bit. UST (TerraUSD) is at $0.19. Terra Luna is designed to destroy UST tokens to push price up to $1, by printing more Luna. Currently, there are 6,530,000,000,000 Luna. They have to increase it several times.
    Only Lunatic would put new money into Luna.
     Ed, you need to educate me. When you say "UST (TerraUSD) is at
    $0.19",  Is that something different than the Terra Luna I see here,
    https://coinmarketcap.com/currencies/terra-luna/ That is $0.0003652 as
    I write.

    And what is the Fork?
    https://agora.terra.money/t/fork-luna-time-to-pull-an-etc-vs-eth-stunt/7288

                                       Mikek


                                  Mikek


    --
    This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Mike Monett@21:1/5 to Jeroen Belleman on Sat May 14 21:32:13 2022
    Jeroen Belleman <jeroen@nospam.please> wrote:

    On 2022-05-14 16:30, jlarkin@highlandsniptechnology.com wrote:

    [...]

    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall >>>>>>>> out of fashion when people wise up to just how much they
    contribute to global warming. You would be hard pressed to invent >>>>>>>> something more wasteful of energy for the value of the
    transactions processed.

    People fly in airplanes with no regard for their effect on global warming. People drive cars that waste energy when stuck in traffic.
    People use the internet with no regard for how much energy it uses.
    Why should anyone care about crypto?

    [...]

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.

    The stock market is a form of gambling. Your value can drop to zero in
    hours.

    Crypto price is determined by supply and demand. Supply is essentialy
    fixed, so price is determined by demand. Demand is determined by sentiment,
    the same as the stock market.

    Many other things are determined by sentiment. Non-fungible tokens, art, stamps, real estate, gold, anything you can buy. The price is determined by what you can get for it, same as everything else.

    Jeroen Belleman





    --
    MRM

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Lasse Langwadt Christensen@21:1/5 to All on Sat May 14 14:35:19 2022
    lørdag den 14. maj 2022 kl. 23.32.20 UTC+2 skrev Mike Monett:
    Jeroen Belleman <jer...@nospam.please> wrote:

    On 2022-05-14 16:30, jla...@highlandsniptechnology.com wrote:
    [...]
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall >>>>>>>> out of fashion when people wise up to just how much they
    contribute to global warming. You would be hard pressed to invent >>>>>>>> something more wasteful of energy for the value of the
    transactions processed.
    People fly in airplanes with no regard for their effect on global warming. People drive cars that waste energy when stuck in traffic.
    People use the internet with no regard for how much energy it uses.
    Why should anyone care about crypto?

    [...]
    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.
    The stock market is a form of gambling. Your value can drop to zero in hours.

    Crypto price is determined by supply and demand. Supply is essentialy
    fixed, so price is determined by demand. Demand is determined by sentiment, the same as the stock market.

    Many other things are determined by sentiment. Non-fungible tokens, art, stamps, real estate, gold, anything you can buy. The price is determined by what you can get for it, same as everything else.

    NFTs and crypto stands out as being entirely virtual



    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From rbowman@21:1/5 to Mike Monett on Sat May 14 16:03:59 2022
    On 05/14/2022 03:32 PM, Mike Monett wrote:
    Jeroen Belleman <jeroen@nospam.please> wrote:

    On 2022-05-14 16:30, jlarkin@highlandsniptechnology.com wrote:

    [...]

    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall >>>>>>>>> out of fashion when people wise up to just how much they
    contribute to global warming. You would be hard pressed to invent >>>>>>>>> something more wasteful of energy for the value of the
    transactions processed.

    People fly in airplanes with no regard for their effect on global warming. People drive cars that waste energy when stuck in traffic.
    People use the internet with no regard for how much energy it uses.
    Why should anyone care about crypto?

    [...]

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.

    The stock market is a form of gambling. Your value can drop to zero in
    hours.

    Crypto price is determined by supply and demand. Supply is essentialy
    fixed, so price is determined by demand. Demand is determined by sentiment, the same as the stock market.

    Many other things are determined by sentiment. Non-fungible tokens, art, stamps, real estate, gold, anything you can buy. The price is determined by what you can get for it, same as everything else.

    Jeroen Belleman

    If you have a Mason jar full of Pandas buried in the backyard or a
    Hambleton hanging on the wall, at least you have something. A Bitcoin is strictly of notional value. You are correct about tangible items though.
    I'm afraid the survivalist types will get a rude awakening if their
    favorite scenario comes to pass and they can't but a can of baby formula
    with a panda.

    I was never particularly interested but lost interest completely when I realized it isn't even an effective means of exchange. I believe
    agreements denominated in bitcoin are only valid for a very short period
    of time (15 minutes?) because of the volatility.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Lasse Langwadt Christensen@21:1/5 to All on Sat May 14 15:14:10 2022
    søndag den 15. maj 2022 kl. 00.04.09 UTC+2 skrev rbowman:
    On 05/14/2022 03:32 PM, Mike Monett wrote:
    Jeroen Belleman <jer...@nospam.please> wrote:

    On 2022-05-14 16:30, jla...@highlandsniptechnology.com wrote:

    [...]

    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall >>>>>>>>> out of fashion when people wise up to just how much they
    contribute to global warming. You would be hard pressed to invent >>>>>>>>> something more wasteful of energy for the value of the
    transactions processed.

    People fly in airplanes with no regard for their effect on global warming. People drive cars that waste energy when stuck in traffic.
    People use the internet with no regard for how much energy it uses.
    Why should anyone care about crypto?

    [...]

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.

    The stock market is a form of gambling. Your value can drop to zero in hours.

    Crypto price is determined by supply and demand. Supply is essentialy fixed, so price is determined by demand. Demand is determined by sentiment,
    the same as the stock market.

    Many other things are determined by sentiment. Non-fungible tokens, art, stamps, real estate, gold, anything you can buy. The price is determined by
    what you can get for it, same as everything else.

    Jeroen Belleman
    If you have a Mason jar full of Pandas buried in the backyard or a
    Hambleton hanging on the wall, at least you have something. A Bitcoin is strictly of notional value. You are correct about tangible items though.
    I'm afraid the survivalist types will get a rude awakening if their
    favorite scenario comes to pass and they can't but a can of baby formula with a panda.

    I was never particularly interested but lost interest completely when I realized it isn't even an effective means of exchange. I believe
    agreements denominated in bitcoin are only valid for a very short period
    of time (15 minutes?) because of the volatility.

    https://youtu.be/GUs5y9leCyA

    https://youtu.be/sG_v4bb2e4k

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jlarkin@highlandsniptechnology.com@21:1/5 to jeroen@nospam.please on Sat May 14 17:16:58 2022
    On Sat, 14 May 2022 17:21:50 +0200, Jeroen Belleman
    <jeroen@nospam.please> wrote:

    On 2022-05-14 16:30, jlarkin@highlandsniptechnology.com wrote:
    On Sat, 14 May 2022 06:55:49 -0700 (PDT), Ed Lee
    <edward.ming.lee@gmail.com> wrote:

    On Saturday, May 14, 2022 at 6:18:03 AM UTC-7, amdx wrote:
    On 5/13/2022 7:04 PM, John Larkin wrote:
    On Fri, 13 May 2022 18:57:46 -0500, amdx <am...@knology.net> wrote:

    On 5/12/2022 3:05 PM, John Walliker wrote:
    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall out of
    fashion when people wise up to just how much they contribute to global >>>>>>>> warming. You would be hard pressed to invent something more wasteful of
    energy for the value of the transactions processed.
    +1

    John
    The article mentions Terra Luna Crypto, 10 days ago the price was $86.17 >>>>>> today it is $0.0001965.
    To clarify, that is 19/100 of one cent. 5 weeks ago it was $116.41. >>>>>>
    https://coinmarketcap.com/currencies/terra-luna/
    Oh, just looked at the chart in the link, it is down another 45% in >>>>>> the last hour since I looked. $0.0001037!!
    Mikek
    Sell! Sell!

    John, you should have bought, bought, bought! The price has quadrupled >>>> from
    the low yesterday! It is all the way up to $0.00039 per coin. :-)

    Even borrowed time is worth a little bit. UST (TerraUSD) is at $0.19. Terra Luna is designed to destroy UST tokens to push price up to $1, by printing more Luna. Currently, there are 6,530,000,000,000 Luna. They have to increase it several times.
    Only Lunatic would put new money into Luna.

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.

    The same is true for dollars, strictly speaking. The whole economy is
    based on trust. As long as you can exchange your basically worthless
    tokens for something you need when you need it, the system works. It's
    scary, really.

    Jeroen Belleman

    Dollars are used because they are expected to be a stable, mutually
    respected token of the value of real things. That's why banks will
    issue 30-year mortgages for 5%.

    Bitcoins are used because they are expected to increase (or decrease)
    hugely in value, purchased (or sold) by Greater Fools.



    --

    Anybody can count to one.

    - Robert Widlar

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From rbowman@21:1/5 to Lasse Langwadt Christensen on Sat May 14 19:30:46 2022
    On 05/14/2022 04:14 PM, Lasse Langwadt Christensen wrote:
    søndag den 15. maj 2022 kl. 00.04.09 UTC+2 skrev rbowman:
    On 05/14/2022 03:32 PM, Mike Monett wrote:
    Jeroen Belleman <jer...@nospam.please> wrote:

    On 2022-05-14 16:30, jla...@highlandsniptechnology.com wrote:

    [...]

    On Thursday, 12 May 2022 at 17:13:41 UTC+1, Martin Brown wrote:

    I'm fairly convinced that crypto currencies will eventually fall >>>>>>>>>>> out of fashion when people wise up to just how much they >>>>>>>>>>> contribute to global warming. You would be hard pressed to invent >>>>>>>>>>> something more wasteful of energy for the value of the
    transactions processed.

    People fly in airplanes with no regard for their effect on global warming. >>> People drive cars that waste energy when stuck in traffic.
    People use the internet with no regard for how much energy it uses.
    Why should anyone care about crypto?

    [...]

    Beanie Babies, Thomas Kinkade paintings, little glass figurines,
    Bitcoins, all essentially worthless.

    The stock market is a form of gambling. Your value can drop to zero in
    hours.

    Crypto price is determined by supply and demand. Supply is essentialy
    fixed, so price is determined by demand. Demand is determined by sentiment, >>> the same as the stock market.

    Many other things are determined by sentiment. Non-fungible tokens, art, >>> stamps, real estate, gold, anything you can buy. The price is determined by >>> what you can get for it, same as everything else.

    Jeroen Belleman
    If you have a Mason jar full of Pandas buried in the backyard or a
    Hambleton hanging on the wall, at least you have something. A Bitcoin is
    strictly of notional value. You are correct about tangible items though.
    I'm afraid the survivalist types will get a rude awakening if their
    favorite scenario comes to pass and they can't but a can of baby formula
    with a panda.

    I was never particularly interested but lost interest completely when I
    realized it isn't even an effective means of exchange. I believe
    agreements denominated in bitcoin are only valid for a very short period
    of time (15 minutes?) because of the volatility.

    https://youtu.be/GUs5y9leCyA

    https://youtu.be/sG_v4bb2e4k


    The first minute summed it up well. Overall my impression is blockchain
    is a solution in search of a problem. We'll see.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From DecadentLinuxUserNumeroUno@decadenc@21:1/5 to Ed Lee on Sun May 15 05:27:58 2022
    Ed Lee <edward.ming.lee@gmail.com> wrote in news:5b81b481-dacb-4d83-b7d0-f18bd0aa2bb1n@googlegroups.com:

    On Friday, May 13, 2022 at 7:27:28 AM UTC-7, jla...@highlandsniptechnology.com wrote:
    On Thu, 12 May 2022 07:11:11 -0700,
    jla...@highlandsniptechnology.com wrote:

    https://uk.finance.yahoo.com/news/crypto-billionaires-vast-wealth
    -destro
    yed-183042529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1Z GdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMuSbpwV3EWdsJcEKThcK3HHpJ 5Pq39wBQ_rNoHc1I4yRRaGtJhiNuyyY0NUuRkph7xt6vqxjfLLlSPpD7Cb4kSId9jQb AZ0T89wUav5Mxvk5KokPYxy9Ge-Vk27rnicZrxQ2oVkqEv_-NgT35G5pYWcjJ_qV5Tp 83bpkNHzL4Xs

    not to mention all sorts of tech stocks that have lost 95% of
    their IPO price.

    Dot-bomb and tulip bulbs again... emotional trading in things
    with no underlying value. At least it didn't take terajoules to
    grow tulips.

    It's hard to feel sorry for some guy who is down to his last two
    billion dollars, but lots of ordinarily greedy people could be
    in big trouble with their wives too.
    https://www.infowars.com/posts/suicide-threats-spike-on-reddit-aft
    er-cryp
    to-crash/

    They are inexpedient traders. Never have more than 10% unhedged
    positions in cryptos, stocks or casino bets. Although i broke my
    own rule in the energy sector, they were too cheap and in BK area.
    I am currently in around 30% energy but 15% hedge. Most of my
    hedged positions are way higher than expected target price. But
    that's OK, i just don't get the huge profits like other traders.



    Another jackass who needs to go down in zero value flames.
    Hedge that stupid fuck.

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