Merv's Politically Incorrect Audio Blog

Discussion in 'SBAF Blogs' started by purr1n, Dec 26, 2018.

  1. Kernel Kurtz

    Kernel Kurtz Friend

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    Anyone who would put their life savings in crypto is a moron. Full stop. No sympathy will be found here.
     
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  2. Syzygy

    Syzygy Friend

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    Bitcoin is safe if you do it correctly. Which means, take custody and responsibility for your own private keys.

    "Not your keys, not your crypto" as the saying goes.

    That said, though bitcoin is currently a fair price, I wouldn't put all my wealth there today. But it is inflation-proof, like gold and silver.

    And it is a way out for nations to escape petrodollar hegemony. Look at El Salvador and Lebanon, each in different stages of recovery from that. Another 8 African nations will join BRICS+ as of this past week, and that is another way. Russia & China are putting together a commodity-based crypto.

    Once Saudi Arabia caves and freely prices oil in other currencies, USD is gonna start showing hyperinflation — you don't wanna be holding all dollar-denominated assets.
     
  3. Kernel Kurtz

    Kernel Kurtz Friend

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    I can't argue with that. Letting other people control your wallet is like asking to be robbed. That said, BC is worth a quarter of what it was a year ago. I totally agree with investing for the long term, but am still super happy my mutual funds are not nearly that volatile.
     
  4. purr1n

    purr1n Burned out

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  5. purr1n

    purr1n Burned out

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    This crypto "Exchange" stuff is bullshit and runs counter to the very idea of crypto. (The fact that SBF was running his own Crypto "Fed" with his other company is just hilarious). But really, I don't get why anyone in their right mind would trust someone who looks or would pose like this:
    3a92849f9c.jpg

    or do this:
    screen-shot-2021-05-28-at-120332-pm.jpg

    and for good measure, let's throw her and her hand gestures into it too:
    107043402-1649348611054-wood.jpg

    I dunno what's wrong with people. My bullshit detector goes off big time seeing the above.
     
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  6. YMO

    YMO Scatologically ribald obsessive

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    In my years of living most people I know who care about Crypto and Bitcoin were mostly on the Autism Spectrum. Autism and 1s/0s monies are a match made in heaven.
     
  7. penguins

    penguins Friend, formerly known as fp627

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    Kathie I can give a semi-pass to. I don't have a huge amount invested in ARK(any letter here) personally, but picking the right up-trending stocks in a cycle of major stock price inflation doesn't set off any major alarm bells in my head.

    SBF though - first interview I heard with that guy - suspected pretty fast he was full bs and any money I put into his crypto platform would probably disappear sooner or later. "Uh yeah I uh... made my first very large amount of money committing arbitrage by buying crypto in the US and uh.... flying to Japan to sell it where it was much more expensive... because I'm a genius and spotted this weird opportunity... despite the market probably not being big enough at the time for how much money I supposedly made and none of the other details in my story adding up"

    Love how he probably won't spend any time in prison though... guess if I'm the 2nd biggest Dem donor, have a "Trump lose" line in my balance sheet, and my parents are compliance lawyers that are well enough connected with the right big wigs in the party... I'm good. Yes, I realize you could probably replace D with R and nothing would change. Also, if I were in qanon, I would say the Dems had him do this on purpose to justify rolling out more regulations or a ban on crypto.
     
    Last edited: Nov 18, 2022
  8. purr1n

    purr1n Burned out

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    He's going to prison. Fraud is fraud however way one wishes to spin it. Just ask Elizabeth Holmes. It's just that the wheels of justice take a long time. Also, one does not appear to Congress, talk about oversight and risk management, fuck up this bad, and get away with it. Let's not even mention his off the cuff comments about "fucking regulators".

    People thought the Jan 6 idiots would get off with a slap on the wrist. Didn't happen.

    I think he will get less time than Holmes because it seems like he's at least smart enough to eventually admit: I got too caught up into it and fucked up. Sorry. My bad.

    Holmes is still like: I didn't do anything wrong. I'm only sorry because I couldn't fake it until I maked it. Judge even said she would have gotten less time had she shown remorse.
     
    Last edited: Nov 18, 2022
  9. purr1n

    purr1n Burned out

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    It's the bullshit exchanges, not crypto per se. The prospect of buying or selling, say a boat, without government having their prying eyes on it, like how they now do on our Paypal accounts, is appealing.

    I know someone who bought a boat with bitcoin. Then again, I also know people who paid ransom to a hacker with bitcoin. The latter transaction did not go well.
     
  10. Syzygy

    Syzygy Friend

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    Yeah, "crypto" not= bitcoin. The rest all have some flaw.

    This is true. He made $750 million arbitraging bitcoin. He and others in his circle worked at Jane Street prior to all this for trading strategies. They're kids, but they're smart-in-maths kids.
     
  11. Syzygy

    Syzygy Friend

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  12. purr1n

    purr1n Burned out

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    I thought these were cute. So did my wife. I am missing something? Am I desensitized?
    stuff.jpg
     
  13. YMO

    YMO Scatologically ribald obsessive

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    Groomer comments in 3, 2, 1.....

    But on a serious note if I had kids I wouldn't even buy them these bears for easy to understand reasons.
     
  14. Biodegraded

    Biodegraded Friend

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    Bear exploitation. They canceled Smokey, but this is allowed?
     
  15. k4rstar

    k4rstar Britney fan club president

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    all I see is a bunch of junk that's going to end up in a landfill
     
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  16. Armaegis

    Armaegis Friend

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    It still weirds me out that y'all wear shoes indoors.
     
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  17. GuySmiley'sMonkey

    GuySmiley'sMonkey Almost "Made"

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    Even the cows go bare-foot indoors in Australia
     
  18. Thad E Ginathom

    Thad E Ginathom Friend

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    Errmmm... How can I put this.... Yes! :D
    Me too. Especially on the sofa.

    But here, in India, where people are so damned sensitive about feet and shoes, I've seen children stood on restaurant tables in shoes that have just been walking in faecal dust (dogs, cows, even humans) on the street outside. :eek:

    Hey, Children are next to god. Sure: tell my immune system! :rolleyes:
     
  19. purr1n

    purr1n Burned out

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    OK. Glad I'm not insane. One of my wife's "friends" posted on her instagram a videobite from one of those "conservative" punits saying these ads were pedophilia or teaching little kids sexual bondage.

    I don't know how people would or could have such things in their mind.

    Balenciaga ended up taking the ads down.

    I ended up unfollowing my wife's "friend" on Instagram as she's gotten super weird posting shit about guns, the right to insta-buy them, and crapping on posts of people telling about experiences dealing with racism. People are super weird (or angry). There's a difference between conviction and stupidity.
     
    Last edited: Nov 24, 2022 at 6:34 AM
  20. YMO

    YMO Scatologically ribald obsessive

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    I look at the bears and it is S&M theme to me, with a child holding it. Personally I think it is not in good taste and if I was a father I would not even close to buy any of those bears for them. Instead I would give my kids books.
     

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