Duke of Marmalade
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All Nobel Laureates. The vast majority of investment analysts and economists. All central bankers.I get that some people don't like crypto,don't understand cryptoand don't see any value in it.
Fancy term for running a glorified spreadsheet.It's an emerging technology,
Agreedthat has gained a cult like following so there is a lot of nonsense around it.
There's that word again. There is far more technology in a touch screen, for example.However, while the price crashes - development in the area continues. The difference in the technology
Yep it doesn't come any more crude than Proof of Work. Trillions and trillions of mindless guesses at a SHA reversal is stone age stuff.from the first bull run to the most recent bull run is vast and there has been a lot of progress made. Ethereum yesterday moved to Proof-of-Stake
You like that word. I think some millennials are persuaded that being a crypto fan is a badge of how technology savvy they are. SadBitcoin's value may be way down from it's peak but it's still worth the same as the previous peak! The "bottom" value of crypto has only been increasing. Hopefully in time the a lot of the crap coins and projects will fail and drop out with only the good ones remaining - like any emerging technology.
"The vast majority of investment analysts" is incorrect.All Nobel Laureates. The vast majority of investment analysts and economists. All central bankers.
If you can't see the implications of A. decentralized hard money and B. smart contracts where code is king after 5 years of discussion, you're way beyond help.Fancy term for running a glorified spreadsheet.
There is far more technology in a touch screen, for example.
Wait and see as the 'environmental objectors' will find some other excuse to turn on Ethereum (because it was never about the environment with most of these objectors).Yep it doesn't come any more crude than Proof of Work. Trillions and trillions of mindless guesses at a SHA reversal is stone age stuff.
Maybe @OEP1990 should have faxed that post to you instead.You like that word. I think some millennials are persuaded that being a crypto fan is a badge of how technology savvy they are. Sad
Ha, good man.All Nobel Laureates. The vast majority of investment analysts and economists. All central bankers.
Fancy term for running a glorified spreadsheet.
Agreed
There's that word again. There is far more technology in a touch screen, for example.
Yep it doesn't come any more crude than Proof of Work. Trillions and trillions of mindless guesses at a SHA reversal is stone age stuff.
You like that word. I think some millennials are persuaded that being a crypto fan is a badge of how technology savvy they are. Sad
Not my bag, but thanks for the offer.Would anyone like to invest in my homeopathic database startup?
Ok, is there any of that sincerity left for the projects that are working their asses off to try and build something tangible - or do you want to continue to tar them all with the one brush?
bitcoin price was 70k in November '21, its peak. Its previous peak was in April '21 at 64k. In between in July '21 it hit a "bottom" of 33k. So far from being worth the same as its previous peak it is a big drop on the previous bottom.Bitcoin's value may be way down from it's peak but it's still worth the same as the previous peak! The "bottom" value of crypto has only been increasing.
Lord save us. So you're now picking out price levels from within one Bitcoin bull market, Duke? He rightly referred to the peak of the overall bull market. There's no cognitive bias at play....except for yours that is. It peaked at $67,617 - not $70k. If you want to identify cognitive bias, it's right there. You'll notice that you didn't round down the other way and knock off $3k/ That's no coincidence.bitcoin price was 70k in November '21, its peak. Its previous peak was in April '21 at 64k. In between in July '21 it hit a "bottom" of 33k. So far from being worth the same as its previous peak it is a big drop on the previous bottom.
I would not accuse you of porkies, just cognitive bias - you want your statement to be a true and impressive put down to "some people who don't like crypto" and so in your own mind it becomes a true statement.
Once!!? Jaysus Duke yer riddled with it.It happened to me once.
So what you're saying is that over the past five years the space continues to expand at pace despite your protestations.I said there were 7,000 cryptos. @tecate eat me alive and correctly pointed out that there were "only" 2,000. There are of course now over 10,000, but that does not excuse my cognitive error.
Indeed - you were invited to launch MarmaladeCoin countless times but I guess when you were writing your whitepaper, you changed your mind and decided that any old project couldn't be spun up to replace Bitcoin.Oh yes the space expands. I was tempted to ICO my own Marmalade coin but would I enjoy screwing $100m from the poor millennial suckers?
Classic!Not my bag, but thanks for the offer.Homeopathy would be very much a faith-based thing.
Ehhhh.... le me think about that oneWould anyone like to invest in my homeopathic database startup?
This pandering is getting waaaay out of hand.Retail outlets and the likes of Mastercard are simply pandering to a cult which sees buying things with crypto as the equivalent of blessing yourself.
The cult is still very alive but I am not seeing the Mastercard move as any sign that people are either using or accepting crypto in everyday purchases.This pandering is getting waaaay out of hand.
Mastercard is bringing crypto trading to banks.
N26 adds crypto trading
USDT to be made available via 24,000 ATMs throughout Brazil.
The cult is still very alive but I am not seeing the Mastercard move as any sign that people are either using or accepting crypto in everyday purchases.
My understanding is that the attraction of USDT is that it is a $. Not an expert but I presume some Brazilians see the crypto form as more practical than the conventional form. This is no way an adoption by Brazilians of bitcoin. But I accept that it does support the view that Tether’s imminent implosion has been exaggerated.
I think I was able to distil out the sarcasm (what was it Oscar Wilde said?). But the CDO talking up crypto is like the Pope seeing a good future for Rosary beads.I know what you're saying Duke. This pandering is getting waaay out of hand. I'm not sure what these guys are thinking. I mean if they white-label crypto purchases on the cards issued in association with these member banks, that's just more of it. Bank account holders having the ability to buy/sell crypto through their online banking, mobile banking or local branch - It'll count for nothing. It's just crypto green washing. And their Chief Digital Officer saying "crypto is on the cusp of going mainstream", well them's just ....words.
Ahh! That razor sharp wit again. Well I Googled this CTO of Walmart guy. He sees a big future for crypto in the Metaverse. For those unfamiliar with cultspeak this is how Wiki describes the Metaverse:There must be something in the water though as the CTO of Walmart is riddled with it too. During the week, he came out with this giant whopper.
I am not familiar with the place but I could certainly see bitcoin having a role in it wherever it is. Not somewhere that I personally will be going on holiday.Wiki said:the metaverse is a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets. In colloquial use, a metaverse is a network of 3D virtual worlds focused on social connection.
If that is true indeed, then I agree that is a fingers to the Roubinis of this world and a disappointment to me. My understanding was that the propaganda of instant Tether implosion was a big deadweight on bitcoin achieving those heights of $500k predicted by the cult. Now that that existential threat has been removed one might have expected a bitcoin bounce.Well, this is rather complementary. I would never have seen you as a Tether fan. I mean they could still have a gaping big hole in their balance sheet although they have sold off all commercial paper now and are holding T-bills instead.
Yes, that was my understanding. Tether was just the chips at the casino. Something you gather up when you want to move from the roulette to the craps table. It is a surprise to me that this playground would support 30,000 ATMs in Brazil. Probably more to keep their precious US$ out of the clutches of the authorities, but I am not familiar enough with Brazilian conditions. Very much doubt it is in anticipation of buying their coffee beans with crypto or taking their holidays in the Metaverse.In most of the developing world, the default has always been to gather up some USD when their own currency goes to mush. Here's the problem Duke. I've never met anyone who holds USDT or has held it for a time - who doesn't have a few satoshis on hand also. I mean, you can have them there in the same wallet - side by side. It's getting people accustomed to the digital wallet that's the point of friction.
So Mastercard are talking up their crypto book. Interesting.But the CDO talking up crypto is like the Pope seeing a good future for Rosary beads.
I Googled this CTO of Walmart guy. He sees a big future for crypto in the Metaverse. For those unfamiliar with cultspeak this is how Wiki describes the Metaverse:
I am not familiar with the place but I could certainly see bitcoin having a role in it wherever it is. Not somewhere that I personally will be going on holiday.
Disappointment? Surely you wouldn't actually want them to collapse? They could still be underfunded - anything is possible. However, they are gearing up for stablecoin regulation. They now have a top 5 auditor on board - but still running with attestations - not audits...yet.If that is true indeed, then I agree that is a fingers to the Roubinis of this world and a disappointment to me. My understanding was that the propaganda of instant Tether implosion was a big deadweight on bitcoin achieving those heights of $500k predicted by the cult. Now that that existential threat has been removed one might have expected a bitcoin bounce.
Ah Brazilian conditions? A history of run-away inflation and currency devaluation combined with capital controls? That would probably be it alright. Choose the means to buy those coffee beans is a multiple stage process Duke.Probably more to keep their precious US$ out of the clutches of the authorities, but I am not familiar enough with Brazilian conditions. Very much doubt it is in anticipation of buying their coffee beans with crypto or taking their holidays in the Metaverse.
Trademarks, or companies for that matter, don't talk. The CDO was presumably recruited because he was a cultist. Same with Fidelity Digital Assets - their guys also have the faith. Like car dealerships. Salesperson A is trained to tell you how wonderful E-cars are. Salesperson B explains the huge advantages of petrol over E. If we want to believe that Mastercard does have some overall personality it would be cult wishful thinking of the highest order to say that it has gone crypto.So Mastercard are talking up their crypto book. Interesting.
Well, yes. I was looking forward to it but then your last post dashed my fantasies.Disappointment? Surely you wouldn't actually want them to collapse?
Great, so I can still indulge my fantasy.They could still be underfunded - anything is possible. However, they are gearing up for stablecoin regulation. They now have a top 5 auditor on board - but still running with attestations - not audits...yet.
I thought the solution to that was bitcoin not US$ fiat currency. 30,000 ATMs to dispense Tether, not bitcoin.Ah Brazilian conditions? A history of run-away inflation and currency devaluation combined with capital controls?
I see. Wean the gentiles on to it and before long they will all be cultists. It seems that after spending their $30 bitcoin intro, the El Salvadorians didn't fall for it and the great proselytization of that unfortunate people has been a complete flop.Having a specific means to pay for them is part one. A lack of faith in fiat currency it seems may be driving people towards figuring out how to operate a digital wallet. Stage 2 - you have the means in place already - even if initial motivation wasn't payments. You have the means so its hardly a massive leap to whip out your phone and make a payment should it suit your purposes to do so at that point.
Seems like you're trying to have it both ways but as you wish. Let's use this last update from Mastercard as the case in point. They're effectively enabling a whole host of banks to offer crypto. You say that's pandering...but wait, who are they pandering to exactly in that example? The banks? It must be the banks they're pandering to? But the banks are like mastercard - they've demanded this product so that they can replicate the pandering. There really is no end to this pandering!Trademarks, or companies for that matter, don't talk. The CDO was presumably recruited because he was a cultist. Same with Fidelity Digital Assets - their guys also have the faith. Like car dealerships. Salesperson A is trained to tell you how wonderful E-cars are. Salesperson B explains the huge advantages of petrol over E. If we want to believe that Mastercard does have some overall personality it would be cult wishful thinking of the highest order to say that it has gone crypto.
Well, yes. I was looking forward to it
And this has always been my problem with Tether FUD. I would never ever suggest that we take Tether's word for it - but by the very same token, I would never ever suggest we take Tether FUDsters word for it either - not without providing solid evidence. And the solid evidence was always lacking. It's very much in my interests to be able to gauge if Tether is about to fail so I'd be a fool to not pay attention. But these FUDsters have been less than useful as most of them are driven by a certain venom rather than a neutral altruistic concern. That's the issue.Great, so I can still indulge my fantasy.
I'll redirect to my previous comment. I welcome people getting on board with USDT because USDT and BTC go hand in glove. Everyone has said that Tether is the big enemy of the state but the reality is that they're furthering the US agenda all the while. I haven't met one individual who has owned or does own USDT and doesn't own BTC. If you've gotten comfortable with using a digital wallet that holds USDT, it's a whole lot easier to make the decision to hold BTC also.I thought the solution to that was bitcoin not US$ fiat currency. 30,000 ATMs to dispense Tether, not bitcoin.
I see. Wean the gentiles on to it and before long they will all be cultists. It seems that after spending their $30 bitcoin intro, the El Salvadorians didn't fall for it and the great proselytization of that unfortunate people has been a complete flop.
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