Permanently Deleted

  • leftofthat [he/him]
    ·
    3 years ago

    Shaming folks helps them and their peers not be marks for the next round of pyramid schemes, so there is an element of "this is for your own good", whether you agree with the conclusion or not

    I don't think a single person on this site wants to see anyone go hungry or homeless because they were scammed and fed some bullshit

    I'll be partying when the stock market crashes, too, despite so many old folks losing their primary source of income.

  • RNAi [he/him]
    ·
    3 years ago

    Agree, this is just a long predicted tragedy unravelling. We just like saying "I told you so, now let's burn shit down together"

  • MikeHockempalz [he/him]
    ·
    3 years ago

    If they wanted sympathy, crypto losers should have chosen a less environmentally destructive Ponzi scheme to get scammed by. They can all get fucked

    • ClimateChangeAnxiety [he/him, they/them]
      ·
      3 years ago

      I’m usually not one for “Do your part to help save the environment!” What good does you rationing your electricity do? Nothing, and it should be clean energy that doesn’t need to be rationed anyway.

      Crypto is my one exception. There’s one very simple thing you can do to have an actually significantly lower carbon footprint, and it’s DON’T FUCKING TOUCH CRYPTO

      • Omega_Haxors [they/them]
        ·
        edit-2
        3 years ago

        There is no ethical consumption under capitalism but crypto is such a low bar of decency that it's 6ft underground; you actively have to go out of your way to trip over it.

    • usa_suxxx
      ·
      edit-2
      7 days ago

      deleted by creator

    • ToastGhost [he/him]
      ·
      3 years ago

      literally just give your money to the nigerian prince, at least thats mostly moving money into the third world and doesnt spend 100TW of energy

  • UlyssesT
    ·
    edit-2
    11 days ago

    deleted by creator

  • WoofWoof91 [comrade/them]
    ·
    3 years ago

    mate, if losing a couple grand on crypto is no big deal to you, then frankly i don't give a fuck

  • solaranus
    ·
    edit-2
    1 year ago

    deleted by creator

  • infuziSporg [e/em/eir]
    ·
    3 years ago

    Over half of all Americans cannot afford an emergency $1000 expense. Just under half of Americans own zero stocks. If you have money in the thousands to blow on crypto, you are in the more fortunate half.

    A couple of the people in my collective have gone in on crypto, but only a tiny bit, and with the full understanding of "this is gambling, this is a decentralized/distributed MLM scheme".

    Bitcoin probably will not crater or bust. It probably will stay above $15k - unfortunately, for people like me who just want to build a PC that doesn't cost an arm and a leg.

  • ClimateChangeAnxiety [he/him, they/them]
    ·
    3 years ago

    I have two friends that are into crypto and I’ve been telling them it’s a stupid and environmentally destructive scam since day one, and I hope they come out having overall lost a couple hundred bucks so I can laugh at them for being marks.

  • CrimsonDynamo [he/him]
    ·
    edit-2
    3 years ago

    I don't want to roast you, and I think it's sad that material conditions have tricked people into taking huge risks, but this was an obvious scam. It collapsed slowly enough to see it coming. Nobody should trade all of their security for such an obvious scam.

    We need to push back against predatory stuff like this and let the bag holders be those that perpetrated the scam. I don't think coddling and not talking about sensitive topics is going to solve anything.

      • CrimsonDynamo [he/him]
        ·
        3 years ago

        I admit, I don't understand it that well. I guess what I want is to see the people running the mines go.bankrupt.and have to sell their real estate and computers.

  • TreadOnMe [none/use name]
    ·
    3 years ago

    I'm only laughing at the people who insisted that this would disrupt traditional finance, because I could provide them with example after example, loads of documented cases, the very nature of who was funding it, and they would continue to assert that I was the one giving in to propoganda.

    Now I get to laugh, because for all their 'research' and 'understanding' they couldn't apply basic theory to this bullshit.

    • Awoo [she/her]
      ·
      3 years ago

      I’m only laughing at the people who insisted that this would disrupt traditional finance

      That is basically all of them because as soon as you buy some crypto you become materially invested in its success. Nobody that invests in crypto is out there spreading word that it's a scam and not to do it because their investment growing actively relies upon convincing other people to get into the scam.

      I feel bad for these people but only in the same way that I feel bad for those that got into Amway and other ponzi schemes. They all become sellers of the scheme. They all become the scammers.

      It's a complex emotion. Similar to the way I feel bad for people who get into Scientology but also simultaneously hate everyone that is in Scientology.

      • buh [she/her]
        ·
        3 years ago

        Nobody that invests in crypto is out there spreading word that it’s a scam and not to do it because their investment growing actively relies upon convincing other people to get into the scam.

        I know a few people who bought into crypto openly acknowledging that it's purely speculative, though they did actually make money off it

  • Yanqui_UXO [any]
    ·
    3 years ago

    it's sad what it is, i'm not laughing. lotteries work the same way, selling hope and swindling primarily poor people out of their last money bc they see no other way to improve their lot

      • RNAi [he/him]
        ·
        3 years ago

        Listen to the recent :citations-needed: episode on crypto

      • Yanqui_UXO [any]
        ·
        3 years ago

        anyone can have little a hope as a treat, as long as you are not getting into debt or hurting your budget

          • Yanqui_UXO [any]
            ·
            edit-2
            3 years ago

            I totally get it, makes perfect sense. I only have opinions about lotteries because I used to be an avid fan myself but now am a doomer who, like, wastes money on a different scam. No judgement at all. It got really out of hand with crypto and NFT for some people though, because it's new and more complex and celebrities said buying that shit is good. Psychology is very similar, but monetary devastation is probably a bit different.

          • infuziSporg [e/em/eir]
            ·
            3 years ago

            I have a friend who recently won almost 2000 dollars in slot machines. Within hours he was robbed of it all.

            We are sold the idea that large sums of money will make things structurally different in a good way for us, at least personally. It's a huge lie.

              • infuziSporg [e/em/eir]
                ·
                3 years ago

                If you walk down a public street while giving yourself a hard slap in the face over and over, and keep doing it enough times, maybe one day someone will film you doing it and it'll go viral.

    • CrimsonDynamo [he/him]
      ·
      3 years ago

      At least the lottery is like a few bucks a week, not "take out a second mortgage and let it all ride on black" like crypto. How anybody looked at this stuff and couldn't smell a scam is beyond me.

  • Straight_Depth [they/them]
    ·
    edit-2
    3 years ago

    I think it's also worth noting that many of the true belivers, successful or not, were people with an already ingrained tendency to hold reactionary capitalist beliefs, and now that a not insignificant chunk of them has been made destitute, they are more likely to turn to fascism as an explanation and solution to their material conditions

    • buh [she/her]
      ·
      3 years ago

      there is a non zero number of chuds who think Bitcoin is crashing because of Brandon :frothingfash:

  • came_apart_at_Kmart [he/him, comrade/them]
    ·
    3 years ago

    if my friends and peers lost thousands gambling on game that involved lighting thousands of barrels of gasoline in fire, I would be like "lol, you guys are dumb as hell. owned."