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Crypto - did you think about it ?


MadAdo

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ūü§£ Did you pass Macro A and Monetary Policy in university? Can you explain in a few words how virtual currencies work and what the risks/rewards are in contrast to paper money or the gold standard?

If not, stay away. It's a scam, similar to almost 400 years ago when the Dutch went crazy over tulips.

You're welcome.

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We're gonna win on so many levels! We're gonna win, win, win. You're gonna get so tired of winning, you're gonna say: "Mr. President please, we don't wanna win anymore, it's too much!" And I'm gonna say: "I'm sorry, we're gonna keep winning because we're gonna make America great again!"
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@psrquack

Also, the question to you, where is the freaking value in those crypto currencies? Can you explain that to me in 3 sentences? I did pass Macro A and Monetary Policies (not that this is much to brag about) and I simply don't see it. If you guys like the thrill of gambooooooling on a Ponzi scheme, so be it, but this is not an investment...

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We're gonna win on so many levels! We're gonna win, win, win. You're gonna get so tired of winning, you're gonna say: "Mr. President please, we don't wanna win anymore, it's too much!" And I'm gonna say: "I'm sorry, we're gonna keep winning because we're gonna make America great again!"
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@WuDu: I'm not so educated like you, so I don't know, but if I will get some crypto instead of loyalty points and  poker rooms accept cryptos as deposit, then it seems a good thing using the cryptos like one type of deposit method. So learning and understand the system seems +EV for me, especially if other and international forums will reward their users via this method.

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  • 3 weeks later...

Typical response from someone that either doesn't understand the technology or hasn't bothered to try.  Here's your 3 big shot:

1) KYC

2) AML

3) Responsible gaming 

All three big issues with regulators and paper money.  

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Last I'll (hopefully) say on this.  I'm a crypto guy and was led here due to a member of the Kindred Group being on the Board of Advisors (Check out the others by the way, its an MVP group of the industry).  Once here, I searched "crypto" to see if there was any talk about crypto/blockchain tech and came across this post.  So I decided to post because 1) @MadAdo derserved an educated answer and 2) to tell @WuDu your answer was amazing in so many ways.  I can't tell what you're more full of, ignorance or your ego.  

Blockchain tech is coming to gaming plan and simple.  All eyes are on Malta. 

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crypto.PNG.4883e6dcae80dea91370bdb3c8c078b0.PNG

 

 

 

  • Like 2
We're gonna win on so many levels! We're gonna win, win, win. You're gonna get so tired of winning, you're gonna say: "Mr. President please, we don't wanna win anymore, it's too much!" And I'm gonna say: "I'm sorry, we're gonna keep winning because we're gonna make America great again!"
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  • 4 weeks later...
  • 6 months later...

I had the experience of investing in Bitcoin half a year before it reached its maximum value. After an unsuccessful sale, I bailed on it. But I hope that crypto and blockchain will have a great future and I beleive in it.

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  • 1 year later...
  • 2 years later...
On 10/25/2018 at 8:22 AM, WuDu said:

ūü§£ Did you pass Macro A and Monetary Policy in university? Can you explain in a few words how virtual currencies work and what the risks/rewards are in contrast to paper money or the gold standard?

If not, stay away. It's a scam, similar to almost 400 years ago when the Dutch went crazy over tulips.

You're welcome.

Well, well, well....

image.thumb.png.8df1be4bf6909e3a6c3ecf7275e4cf0f.png

image.png.d2a4778a62f0c314af93e872bd8844a7.png

https://www.marketwatch.com/story/tom-brady-steph-curry-and-kevin-oleary-set-to-lose-big-from-ftx-bankruptcy-filing-11668205535

 

  • Haha 1
We're gonna win on so many levels! We're gonna win, win, win. You're gonna get so tired of winning, you're gonna say: "Mr. President please, we don't wanna win anymore, it's too much!" And I'm gonna say: "I'm sorry, we're gonna keep winning because we're gonna make America great again!"
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caroline-ellison-ftx-ceo-alameda-research-feat-image-1.jpg?quality=75&strip=all&w=450

Happy Big Brother GIF by MOODMAN

  • Haha 3
We're gonna win on so many levels! We're gonna win, win, win. You're gonna get so tired of winning, you're gonna say: "Mr. President please, we don't wanna win anymore, it's too much!" And I'm gonna say: "I'm sorry, we're gonna keep winning because we're gonna make America great again!"
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  • 2 weeks later...

Hearing their voices and looking at them makes the whole FTX disaster even funnier to me.

image.png.3f5447332d4265ba7a82e1930317b124.png

Seems like Caroline spent a lot of time on her knees. Goodness gracious, be a gentleman and offer her a pillow!

 

  • Haha 4
We're gonna win on so many levels! We're gonna win, win, win. You're gonna get so tired of winning, you're gonna say: "Mr. President please, we don't wanna win anymore, it's too much!" And I'm gonna say: "I'm sorry, we're gonna keep winning because we're gonna make America great again!"
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