lol what a bunch of idiots They should've invested in Iraqi dinars
Diners are a solid investment, especially along highways. It has been too long since I have eaten at a diner.
I've been missing diner food a lot because of the quarantine. fast food can be fine, but just can't beat the quality of diner food.
If by praxis you mean scamming 20 year olds out of their student loans
Yeah, the bagholders getting fucked by any burst are always the average guy who's gambling on the chance of getting out of their shitty life. Sure its easy for us whos already class conscious to see the whole thing as the farce it is, but to these people gambling in capitalism is literally the only way for their world to get better and it all just got blown up.
If they're not educated, these people are very likely to get snatched up by fascists whos going to blame all of their woes on the usual scapegoats.
But like, the goal is always to sell to the next in line, so participants in pyramid scheme are not very sympathetic here as well, lottery at least is more defined risk proposition
If crypto were our default mode of payment it would be responsible for 500% of our current CO2 emissions.
This post brought to you by /r/buttcoin gang
Essentially, bitcoin isn't widely used at the moment, so the people saying it doesn't consume massive amounts of energy are correct at the moment, but imagine if it were used like the dollar
So I think that the commenter was considering the current carbon footprint of bitcoin and extrapolating it to USD usage
Extrapolating doesn't really work because the power needed to produce a block doesn't depend on how many transactions are in it.
A rising Bitcoin price would probably attract even more miners.
Then again mining equipment is pretty scarce so idk.
Bitcoin is an absurd self-reinforcing thing where the more electricity you need to mine it the higher the price becomes, and the higher the price becomes the more people "invest" in mining it, and it's all completely uncoupled form how useful it is or how many transactions it can process.
I took 300 years off the life of the planet mining meme monopoly money for you Elon, how could you do this to me!?
Inside of you, there are two wolves. One who realizes this entire fucking system is stupid. The other who has invested $50 into memecoins because fuck it, the economy isn't real and this shit is probably going to hit $1 by the end of the year.
every single thread on /biz/ is either "AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA" or "Free money, click here!"
I mean I'm not hugely invested, I bought a bunch when they were like 3c per pop, and anything that can help me pay rent is a win in my books...
I know it's not exactly praxis, and just gambling what little you have isn't a smart move, but a girl gotta eat, pay for her therapist and finally get tiddy skittles
I heard he did exactly what people thought he would do (tell people to buy it), but the number of people selling in anticipation of the price rising was far higher than the number of people who decided to buy in lol
Well he has done that before. But also market manipulation is a made up rule
tbf basically every word he utters manipulates the stock market. its not totally his fault his lackeys take his every word as gospel. if he didnt enjoy it so much, it'd be a life of brian situation
This person is an idiot but scamming random Redditors out of their money is not praxis. It’s literally right-wing.
But they are r*dditors, and the less people trust in crypto shit the faster this fucking shit will be finally gone.
people distrust conventional finance capitalism, which is no more or less fake, and it's not gone yet.
He may have done it on purpose so he could buy low. I don't trust this dogecoin thing one bit, it feels too much like a plaything of billionaires to play cash machine exploit with. I've been called a conspiracy theorist by family who are into this dogecoin thing, but I'm 90% sure that ol Muskie is 'the whale'.
On the one hand I feel like this has to be a bit, on the other I'm very confident there are people this stupid out there.
Dogecoin went from .70 to around .50 during the SNL event. It's still comedically overvalued even setting aside the fact that it is literally a joke currency.
Wtf did you buy that had you lose the entirety of your principle overnight?
I suppose if somebody was dumb enough to dump everything they had into it at its peak that dip would hurt a lot, but you're right, it wouldn't be their entire life savings.
