Crypto scam

Discussion in 'Tin Foil Hat Lounge' started by oil pan 4, Jan 23, 2023 at 16:15.


  1. oil pan 4

    oil pan 4 Monkey+++

  2. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    That was like the last decade. I thought they were shut down due to ponzi investigations back in 2019 or something like that.
    Is this news being regurgitated to convince us that crypto is bad?
     
  3. oil pan 4

    oil pan 4 Monkey+++

    When the power goes out and almost no one can spend money? It's an authoritarian dream come true.
     
    sec_monkey likes this.
  4. CraftyMofo

    CraftyMofo Monkey+++

    Crypto != GBDC
     
  5. natshare

    natshare Monkey+++

    When you trade something with REAL value, for an imaginary "currency" with no real value or backing, in the hopes of, someday, being able to trade that back, for something with real value....
    ....well, I'm pretty certain our grandparents would have called those people FOOLS. And, just as predicted, they are soon parted from their money. :rolleyes:
     
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  6. CraftyMofo

    CraftyMofo Monkey+++

    Our grandparents had a currency backed by gold.
     
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  7. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    and we are the fools that have imaginary currency now.
     
    Bandit99 likes this.
  8. oil pan 4

    oil pan 4 Monkey+++

    Puerto Rico, 2017 proved the USD still worked when the power and internet was out.
     
    Last edited: Jan 24, 2023 at 8:39
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  9. CraftyMofo

    CraftyMofo Monkey+++

    So, what is the solution? Sell PMs, crypto, stocks, mutual funds and hold cash in your safe? It hasn't done very well, and seems to be worth less every day. A dozen eggs was $1.39 last year, and that will only buy you 2 eggs today.

    Weird that people are so afraid of crypto. If you don't want it, or don't understand it, don't buy it. It's a weapon against obtrusive government. It has a place in many people's portfolios.
    GBDC on the other hand are evil, and pretend to be something they aren't.
     
  10. oil pan 4

    oil pan 4 Monkey+++

    I wouldn't put all the eggs in one basket.
    It seems it can be both used against authoritarian government and by authoritarian government.
    It has the potential to track bit of money spent by everyone on everything to include when and where the deal went down.
    As far as I know none of the ones now do that, but when the governments come out with their official globalist shrilling I'm sure it will do all that plus more along with some shit I can't even think of.
    I'm thinking the appeal will be, oh you didn't get your booo-sta? guess what now you're fiscally frozen till you do.
    Or oh you were in the same zip code as that protest? Guess what your shrilling ballance is now zero and will remain at zero till you proven your innocence/loyalty.
    As of last night a dozen of the cheap eggs were $3.69 here. I know that price sucks but no one should be starving to death because of it. I think it's mass hysteria coupled with some gouging, probably a lot of gouging.
     
    Last edited: Jan 24, 2023 at 12:31
    CraftyMofo likes this.
  11. CraftyMofo

    CraftyMofo Monkey+++

    I agree. Next idea I've heard is that if you exceed your personal carbon limit this year, you won't be able to spend. It can go sideways really quick. For me the appeal of Bitcoin is to exchange dollars for it today, cross a border, and have the ability to exchange that for local currency. No limits, no taxes.
     
    VisuTrac likes this.
  12. oil pan 4

    oil pan 4 Monkey+++

    Right now that's good.
    But all the authoritarian enthusiasts will be looking for a way to make their own block chain crypto, call it the "carbon credit" maybe, then force us all to use it.
    It will be like the 1930s gold confiscation. They will give you seemingly a lot of "money" for the gold, then turn around and make the money they just gave you worthless. This time people give up their dollars, gold, bitcoin, cash, guns for "carbon credits". Anyone who doesn't give up all their real money for "carbon credits" is dangerous, a conspiracy theorist and needs to be reported to local thought police.
     
  13. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    CraftyMofo likes this.
  14. natshare

    natshare Monkey+++

    Buy USPS "forever" stamps. They seem to go up in value, every year! :rolleyes:;)

    It's not a fear of crypto, imho. It's an inherent mistrust. Just look at this latest schmuck, and how he was able to con so many people into trusting him, with their imaginary money. And now they're all crying, because HE was the only one who got to spend it! :eek:
     
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  15. CraftyMofo

    CraftyMofo Monkey+++

    That’s GBDC, Government Backed Digital Currency, which will be gladly picked up by most for convenience. They will say, “It will make life so much easier! All your account information in one place!”
    The next step is outlaw cash. Then frame crypto as the tool of smugglers, traffickers, and criminals. The public will beg for it to be banned.
     
  16. natshare

    natshare Monkey+++

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  17. oil pan 4

    oil pan 4 Monkey+++

    "Because criminals use it" is the undisputed all time winner for the justification to give up rights in the 20th century.
     
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  18. CraftyMofo

    CraftyMofo Monkey+++

    "For the children..."
     
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