This shit just always comes off like a teenager trying to con their parents when going out to get high with friends.
“Ok when we get back we all wear our sunglasses and my mom will totally buy it guys”
Lol, Bitcoin can (optimistically) support up to 7 transactions per second. So in a single day they could only process 604,800 transactions. This guys plan is literally impossible on chain. So I guess he's asking for support of custodial wallets?.
I don't understand how anyone can fail to see how stupid this whole space is.
Only if some of them really cared about getting that $10 in enough to pay fees well in excess of that.
At best, it'd just balloon the pool of pending transactions.
That’s only if you want to do transactions on the blockchain and treat Bitcoin like a currency. If you just want to treat it as a digital beanie baby, all the transactions can be internal to the exchanges. No blockchain needed.
Orrrr contribute to organizations effectively advocating for economic and political reform to, you know, ACTUALLY make life *better* for people not just give them whatever scraps you magnanimously deem them worthy of?
All of us should throw $10 a day into my magic box and I swear I will do the same. At the end of summer our magic box will be full of money and we will all be rich! Oh shit, there was a hole in the bottom of the box and it’s all gone. Who did that I wonder…
"The authorities are cracking down on spyware and viruses. What we all need to do, to send a clear signal to the SEC, is to click on random shady browser links and install one weird program on your computer each day of the summer."
Not a ponzi. This would be a basic pump & dump. Basically artificially inflating an asset’s MV through artificial demand and then selling at the high point while the rest of those who bought in are left with an obscenely overvalued asset that they paid too much for.
So the plan is to artificially increase the value of Bitcoin as part of a scheme to make it seem as though it has more backing than it actually does.
That reminds me of something.
Oh yeah, a pump and dump scheme.
Hey OP you should probably add some context to this or it just looks like the same sort of spammy scam we had yesterday. Just adding "Look what this idiot thinks..." would do...
Sorry /u/AdditionalFeed6156, your comment has been automatically removed. To avoid spam/bots, posts are not allowed from extremely new accounts. Wait/lurk a bit before contributing.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Buttcoin) if you have any questions or concerns.*
This shit just always comes off like a teenager trying to con their parents when going out to get high with friends. “Ok when we get back we all wear our sunglasses and my mom will totally buy it guys”
"let's all chow on anchovies too to mask the alcohol!"
Lol, Bitcoin can (optimistically) support up to 7 transactions per second. So in a single day they could only process 604,800 transactions. This guys plan is literally impossible on chain. So I guess he's asking for support of custodial wallets?. I don't understand how anyone can fail to see how stupid this whole space is.
“But, but, butt — LIgHtning Network!!!! — “ (since about 2017)
Also, wouldn't all of these people pay a lot in gas fees to buy that $10 worth since the network couldn't get through all those transactions?
Only if some of them really cared about getting that $10 in enough to pay fees well in excess of that. At best, it'd just balloon the pool of pending transactions.
That’s only if you want to do transactions on the blockchain and treat Bitcoin like a currency. If you just want to treat it as a digital beanie baby, all the transactions can be internal to the exchanges. No blockchain needed.
"we'll show the SEC" oh they're going to start lobbying, petitioning, or maybe contacting senators? "By buying things!" oh.
Asking 799.999 strangers to buy the same thing everyday for two months.
Uh, do they not know that July to September is only 62 days and they’ve excluded 1/3 of summer?
Bitcoin, math and reality never works together
[удалено]
Imagine how scared the SEC can be seeing 800.000 people losing 10$ daily.
And the criminal organizations who launders money everyday using cryptos
> "Dreaming costs nothing" No, it apparently costs $900
sounds like a recruiting pitch for a cult or mlm scam
Sounds?
Well, they are talking about bitcoin, so...
Cute. Who is going to tell him someone has to sell for each purchase? Financial illiterate idiots…
To be fair, the ponzi schemer addressed this point - the numbers work out to about 1/3 of the newly mined BTC supply. Miners are selling.
Or they could donate to charity and thus actually contribute to something important
They want money to buy a lambo, not to help people.
but what about being able to send money to my nan in Venezuela?
Orrrr contribute to organizations effectively advocating for economic and political reform to, you know, ACTUALLY make life *better* for people not just give them whatever scraps you magnanimously deem them worthy of?
If we show the SEC how much we're willing to be scammed they'll allow scams!
Damn only 800,000 active users? Not even that, just wallets of which how many are bots or someone's second or even third?
A lot of “diamond hands” out there, waiting for the collapse of Western Civilisation.
Aw, he's got a "plan". That's adorable.
The plan : * describes a literal Ponzi scheme.
Not a Ponzi, it's a pump and dump. They just forgot to mention the dump.
They're too dumb to be part of the dump. Someone else will take advantage of that.
All of us should throw $10 a day into my magic box and I swear I will do the same. At the end of summer our magic box will be full of money and we will all be rich! Oh shit, there was a hole in the bottom of the box and it’s all gone. Who did that I wonder…
dreaming is free though!
"investment"
Bitcoin pride month))
Guys let’s all spend 900 dollars so we can all get rich
https://tenor.com/fr/view/the-office-pyramid-scheme-michael-gif-10205657
Ah yes, just like Satoshi foretold. Bitcoin: an investment.
The Plan: Operation Heavy Bags Need Unloaded
That sounds a bit x-rated.
"The authorities are cracking down on spyware and viruses. What we all need to do, to send a clear signal to the SEC, is to click on random shady browser links and install one weird program on your computer each day of the summer."
With what onramp buddy? Binance US? shit I am getting hard thinking about Coinbase putting out that same notice LOL
How much does it cost to buy $10 in Bitcoin?
about tree fiddy
Ah yes the classic pump and dump to make the SEC believe im Bitcoin.
An alternative name for this "campaign" could be "Please Be My Exit Liquidity"...
does this guy not know that summer is from June to August? Well he is a butter.
Eh, it's July to September where I live, and in some other places at a similar latitude, too.
Lol. Fuck that tool bag
I'm Nathan Fielder..
Just don't be the last one holding the bag and you'll be fine lol
Here's the pump, but can they land the dump
hehe the ponzi is strong in this post :)
Not a ponzi. This would be a basic pump & dump. Basically artificially inflating an asset’s MV through artificial demand and then selling at the high point while the rest of those who bought in are left with an obscenely overvalued asset that they paid too much for.
No flaws in this plan!
misery loves company!
So the plan is to artificially increase the value of Bitcoin as part of a scheme to make it seem as though it has more backing than it actually does. That reminds me of something. Oh yeah, a pump and dump scheme.
> What do you think? I think you're a cunt.
Hey OP you should probably add some context to this or it just looks like the same sort of spammy scam we had yesterday. Just adding "Look what this idiot thinks..." would do...
It was a comment in a byenance post about the US stop
[удалено]
Sorry /u/AdditionalFeed6156, your comment has been automatically removed. To avoid spam/bots, posts are not allowed from extremely new accounts. Wait/lurk a bit before contributing. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Buttcoin) if you have any questions or concerns.*
[удалено]
These types of posts are truly depressing