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Bitcoin Misinformation


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2020 Nov 10, 10:01am   137,969 views  2,177 comments

by Onvacation   ➕follow (4)   💰tip   ignore  



In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen.

The losers are ill-informed buyers caught up in the spiral of greed. The result is a massive transfer of wealth from ordinary families to internet promoters. And “massive” is a massive understatement — 1,500 different cryptocurrencies now register over $300 billion of “value.”

https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value

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965   WookieMan   2021 Feb 6, 10:34am  

WookieMan says
doing nothing yourself

Here. I'll start for you with the selective trolling.... errrrr.... I meant quoting.
966   porkchopXpress   2021 Feb 6, 12:02pm  

Onvacation says
porkchopexpress says
Onvacation says
porkchopexpress says
Having said that, there are a lot of traders and fly-by-nighters who ruin the good name of crypto and what it tries to accomplish.

What is the problem crypto solves?
How about a platform to conduct financial transactions without a middleman? Lending, borrowing...any sort of contract.

That's blockchain.

What I meant was what problem does crypto-currency solve?
You're half right. It's the technology that's built on top of blockchain. As far as what cryptocurrency solves, it depends. In the case of Polkadot or Cardano, it's the currency that drives (and pays) people to participate in the blockchain's development. In the case of Dash or Monero, it's tender to seamlessly exchange assets. In the case of Bitcoin, it's simply digital gold as a store of value without the ability to increase the supply.
967   Onvacation   2021 Feb 6, 1:14pm  

porkchopexpress says
, it's simply digital gold as a store of value without the ability to increase the supply.

I hear you. But crypto is backed by fiat and fiat is backed by the central banks assets and the central banks assets are debt and there is not enough fiat in the world to pay off the debt.

Thus the great reset.

Do you think crypto will make it to the other side if the great reset goes forward?
968   Bitcoin   2021 Feb 6, 5:41pm  

oh boy, Sissy's BSDS was strong today. Sorry you had a bad day!
I did 30 miles on my MTB, lots of climbing. I am exhausted. I love winter in Socal. Actually, I love Socal all year round :) Thanks to Sis i appreciate where I live even more.
Sissy's stories are heartbreaking.....shoveling snow since he was 4????? poor kid.


969   Bitcoin   2021 Feb 6, 5:43pm  

porkchopexpress says
In the case of Bitcoin, it's simply digital gold as a store of value without the ability to increase the supply


Yep. Bitcoin is a brilliant store of value. Best performing asset. And it pulls the entire crypto market up! So stoked about this year!
970   WookieMan   2021 Feb 6, 8:15pm  

G36 says
Best performing asset.

Prove it. We'll wait..... and there will be nothing.
971   Onvacation   2021 Feb 7, 7:18am  

Bitcoin Annualized Total Footprints

Carbon Footprint
36.95 Mt CO2
Comparable to the carbon footprint of New Zealand.

Electrical Energy
77.78 TWh
Comparable to the power consumption of Chile.

Electronic Waste
10.79 kt
Comparable to the e-waste generation of Luxembourg.
972   Bitcoin   2021 Feb 7, 7:32am  

WookieMan says
G36 says
Best performing asset.

Prove it


@Wookiman
I cant torture you. You've have been shoveling snow since you are 4 and want nothing more in life than sun and bitcoin. You cant afford a single Bitcoin but want to know the percentage gains of BTC? I really dont want to ruin another day for you. But ok :)

Before I show you the chart, please make sure you dont forget to breath. Also, for people with BSDS its best to sit down and take an extra pill if faced with realities.

When you are ready, take a peek. sloooowly. If the triggers are too strong, take a break >> immediately.



I hope you are doing ok. sry Bud.
973   Onvacation   2021 Feb 7, 7:41am  

Asset?

I occasionally play the lotto when it gets stupid big. I buy a quick pic and put it in my wallet, a real wallet not a flash drive. I usually leave it there for a while because I know my chances of winning.

Now if the winning ticket was worth $200,000,000 and 100,000,000 tickets were sold that would make the market cap of the lotto $2,000,000,000,000,000.

Somebody check my math.
974   Onvacation   2021 Feb 7, 7:42am  

The winning ticket is the best performing asset out there.
975   WookieMan   2021 Feb 7, 7:51am  

G36 says
I cant torture you.

I know you can't. lol. Called private business bro. Plenty private businesses outperformed everything on that list including my own. You'll learn.

But hey, keep feeding the people that are taking your money instead of making it on your own. It will click. Unfortunately I think you have massive losses on the horizon for it to finally click. You'll see. Or you just have no marketable skills for people to pay you. I know the answer, but you have to figure it out. Instead of being the donkey, why not just be the water? That's how I roll. You don't. Yet. I hope you'll find it because I wish no ill will on any, well most humans.
976   Bitcoin   2021 Feb 7, 8:12am  

G36 says
WookieMan says
G36 says
Best performing asset.

Prove it


@Wookiman
I cant torture you. You've have been shoveling snow since you are 4 and want nothing more in life than sun and bitcoin. You cant afford a single Bitcoin but want to know the percentage gains of BTC? I really dont want to ruin another day for you. But ok :)

Before I show you the chart, please make sure you dont forget to breath. Also, for people with BSDS its best to sit down and take an extra pill if faced with realities.

When you are ready, take a peek. sloooowly. If the triggers are too strong, take a break >> immediately.



I hope you are doing ok. sry Bud.


oh boy, I was almost certain this would crush him again. So sorry Bud
977   Bitcoin   2021 Feb 7, 11:08am  

@WookieMan

man, today is even worse than yesterday in IL. Sorry bud....beautiful/perfect weather here.

978   WookieMan   2021 Feb 7, 11:39am  

G36 says
man, today is even worse than yesterday in IL. Sorry bud....beautiful/perfect weather here.

-14F (Russians do Celsius, right?) actually where I live this morning. Got up this morning warmed the car up and got a couple cases of beer for a lazy Sunday party with the neighbors. Won't watch the game because that's gay like crypto.

Best part is the only time today I touch the computer or tech is to come here. Don't have to watch the price of anything. Don't need to. My entertainment is the freak out y'all are having starting threads and being questioned. It really is funny. So defensive for something that's going to the moon. Wonder why?
979   porkchopXpress   2021 Feb 7, 5:32pm  

lol...watching you two is entertaining
980   Bitcoin   2021 Feb 7, 6:24pm  

Sorry Sis (WookieMan),
looks like this was another shitty cold day in IL. The good news here is that in a few months you will have summer too and temps should increase from 6 to 40-50's.
It was another beautiful day here in Socal. Stay warm bro!
981   Bitcoin   2021 Feb 8, 8:58am  

oh boy, double whammy for sissy....wait....its a quadruple whammy!

not even 20 degrees in IL and Bitcoin over 42k.....AND tesla buying Bitcoin.....AND Tesla accepting Bitcoin as a form of payment.

I can picture sissy right now ROFL





https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html
982   WookieMan   2021 Feb 8, 9:06am  

porkchopexpress says
lol...watching you two is entertaining

I agree. That's why I do it ;) It's fun when you know who the winner is. Just a toy at this point.

G36 says
not even 20 degrees in IL

Yeah....... geography lesson. IL isn't Chicago. It mostly isn't if you've looked at a map. 0 Degrees this morning. It was beautiful. No shit, needles, bums, etc. in my area. No Karen's yelling at me to wear a mask. No traffic. I'm digging my day. Kids got tennis tonight. Life is great. I don't have to worry about spreadsheets either. Didn't know winning could be so much fun. It is. I wish others could experience it.
983   Bitcoin   2021 Feb 8, 9:07am  

looks like I nailed it...BSDS is strooong.



984   Bitcoin   2021 Feb 8, 9:08am  

G36 says
oh boy, double whammy for sissy....wait....its a quadruple whammy!

not even 20 degrees in IL and Bitcoin over 42k.....AND tesla buying Bitcoin.....AND Tesla accepting Bitcoin as a form of payment.

I can picture sissy right now ROFL





https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html


the quadruple whammy will push her over the edge today. Just too much for her to handle.
985   WookieMan   2021 Feb 8, 9:18am  

You're at a computer concerned about my weather. I've won the battle. LOL!. You don't fucking get it. You don't get I don't care about crypto because I don't buy it. You're childish and care about my opinion. Again, I've won the battle. You're losing and will lose with crypto. Again, I won the battle. You're a spam bot for something you've never even invested in. Oh wait, again I won. Hard to keep winning. Call me Tom Brady ;)
986   Bitcoin   2021 Feb 8, 9:22am  

muahahhaa
its too much for her today. sorry sis!
the quadruple whammy hit like a nuclear bomb. he even forgot easiest math 80-28=72
probably shaky hands too

1) Tesla buying BITCOIN
2) Tesla accepting BITCOIN
3 Bitcoin over 42k
4) shitty weather in IL

sis, you should have put your bucks in Bitcoin instead of LUV.

987   WookieMan   2021 Feb 8, 9:28am  

G36 says
he even forgot easiest math 80-28=72

Lol. This can't be funnier for me. You don't get the joke. It's on you FYI.
988   WookieMan   2021 Feb 8, 9:40am  

G36 says

I'll let you figure it out. Math was 100% spot on. I'm not even trying to troll either. The beauty is I don't resort to name calling. I just outsmart you... lol. Maybe go ride your bike and think about it. Our history on these threads. Only hint you'll get. I got you and you don't even know it. God damn am I giddy.
989   Bitcoin   2021 Feb 8, 10:02am  

WookieMan says
G36 says
he even forgot easiest math 80-28=72

Lol. This can't be funnier. joke


I know!
Thats part of the BSDS. The person with BSDS is so distressed that even the easiest math becomes an obstacle. Other symptoms are anger outbursts. A remedy would be to move to a state with more sun and/or to buy some satoshis.

Stay warm and keep saving @WookieMan

990   WookieMan   2021 Feb 8, 10:50am  

G36 says
WookieMan says
G36 says
he even forgot easiest math 80-28=72

Lol. This can't be funnier. joke

I know, I know, running to Patrick. Fuck off. @Patrick - There needs to be a strike count for quote manipulators. This guy is too afraid to even have a debate. Does he not realize that people can see what I actually wrote? How retarded can one be? Same image after same image. Link after link. The only content is negative. Has no other discussion of value in any other thread. Nauseating at this point.
991   Patrick   2021 Feb 8, 10:54am  

Huh, that is a good point. Quotes should not be editable, only selectable and include-able. I will see if I can do this.

I also suggest not engaging with the guy. He thrives on the conflict.

@WookieMan
992   rocketjoe79   2021 Feb 8, 10:55am  

Tesla just bought $1.5 Bn in Bitcoin. WTF?
993   FortWayneAsNancyPelosiHaircut   2021 Feb 8, 10:57am  

Basically virtual tulips.
994   Bitcoin   2021 Feb 8, 11:02am  

rocketjoe79 says
Tesla just bought $1.5 Bn in Bitcoin. WTF?


Thats 1.5B that we know of....what about SpaceX. its not publicly traded and therefore no SEC filing. Also, we dont know how much Bitcoin was bought by Elon Musk personally. We only know Bitcoin and all of crypto is skyrocketing in price.
995   Bitcoin   2021 Feb 8, 11:03am  

WookieMan says
G36 says
WookieMan says
G36 says
he even forgot easiest math 80-28=72

Lol. This can't be funnier. joke

I know, I know, running to Patrick.


@WookieMan

"daddy, daddy please help"
996   Bitcoin   2021 Feb 8, 11:16am  

Patrick says
Huh, that is a good point. Quotes should not be editable, only selectable and include-able. I will see if I can do this.

I also suggest not engaging with the guy. He thrives on the conflict.

@WookieMan


@Patrick
so many people told WookieMan this. He cant stop posting on Bitcoin threads. Its an obsession. That's why he absolutely hates bullish Bitcoin news and people sharing this. I call it a Bitcoin derangement syndrome.
997   WookieMan   2021 Feb 8, 11:26am  

G36 says
so many people told WookieMan this.

Name names. You and cash. That's about it for active users. Why is that? #Spam #clickbait

99% of users come for conversation. Sure argument happens, we just don't spam the site. Simple as that. Argue otherwise or shut up.
998   Bitcoin   2021 Feb 8, 11:30am  

I called it. the tesla buying Bitcoin news was too much for him. Only one thing left for him....anger outbursts. He just cant help himself. No matter how many people tell him. Its an obsession (Bitcoin derangement syndrome). Very self destructive.
999   WookieMan   2021 Feb 8, 11:47am  

G36 says
Only one thing left for him....anger outbursts.

What outbursts? I'm the only civil one in this back and forth. Why? I don't worry or care about crypto. I care about the people that get sucked into the scheme you're promoting. That's where my loyalty lies. Stopping bull shit.
1000   Bitcoin   2021 Feb 8, 12:39pm  

WookieMan says
G36 says
Only one thing left for him....anger outbursts.

outbursts


What would help is if you buy some satoshis. Maybe convert your portfolio of 100 shares of Luv.
1001   WookieMan   2021 Feb 8, 1:19pm  

G36 says
What would help is if you buy some satoshis. Maybe convert your portfolio of 100 shares of Luv.

I don't buy losers. Up 20% on my position. Not complaining nor would I care if it was down 20%. Beauty is I can lose it and not care, just like Musk.

LUV and Chase pay me to travel the hemisphere instead of sitting in my basement looking at paper gains. Hell, we all know there are no gains, but it's fun to play along. You should try.
1002   Onvacation   2021 Feb 8, 1:26pm  

Patrick says
Huh, that is a good point. Quotes should not be editable, only selectable and include-able. I will see if I can do this.

I also suggest not engaging with the guy. He thrives on the conflict.

@WookieMan

AS unstoppable as cheating at an online test.

However:WookieMan says
There needs to be a strike count for quote manipulators.


Or you could ignore him.
1003   Onvacation   2021 Feb 8, 1:27pm  

The bad part of making someone look like an idiot is that it doesn't make one look too smart.

In other words; when you wrestle a pig you both end up muddy but the pig likes it.
1004   Onvacation   2021 Feb 8, 1:28pm  

Back to the topic of how Bitcoin is a scam.

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