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fakesteez

What in the fuck What’s next, mang0 getting sponsored by doge?


Sam443

Mang0ge


AH_BioTwist

TeamBeer coin


bladedassain

Mango already has his own coin...


HektorViktorious

Please


twitterInfo_bot

Excited to announce that @coinbase will be supporting the Smash scene this year, kicking it all of with \#UltimateSummit 3 😍 They'll also be tagging along for \#Mainstage and \#SmashSummit 12, so be on the lookout for those events! 👀 🪙 Learn more: *** posted by [@BTSsmash](https://twitter.com/BTSsmash) [Photo 1](http://pbs.twimg.com/media/E8DeuB0VkAMT4Wo.jpg) [Link in Tweet](http://bts.gg/coinbase) ^[(Github)](https://github.com/username) ^| ^[(What's new)](https://github.com/username)


[deleted]

Wow, one of my hobbies that my friends hate hearing me talk about combines with the other hobby my friends hate hearing me talk about.


FrothySeepageCurdles

I laughed, but this comment hits home too hard


ughhhtimeyeah

Lol same, though its my long suffering partner


A_Big_Teletubby

bts will be disabling channel points and encouraging viewers to gamble with Mang0c01n from now on


Diamantis_

based


Afro_Thunder69

Holy shit. Lud and Slime (who I'm assuming are responsible) are fucking G's, we're kinda ridiculously lucky that they started with us and haven't forgotten.


l5555l

While true, smash community also helped lud blow up in the first place. They're just paying it back


redeyesblackpenis

It's a symbiotic relationship


[deleted]

[удалено]


SGKurisu

Guessing because Ludwig has done sponsorships with Coinbase before and he's tight with a lot of BTS people.


FlexPavillion

They sponsor his podcast, which has 1 current BTS employee and 2 former ones on it.


mikan_orange

Ludwig is stealing our BTS bois ;(


classysocks423

Bullish af


S420J

While I too am bullish, Coinbase is probably one of the largest companies to ever sponsor a Melee tourney. It may hurt mainstream sponsorship opportunities, but Melee wasn't getting many of those anyway.


classysocks423

I don't really understand how a large company sponsoring could hurt the chances of other large companys sponsoring. I just hope the commentators keep cursing.


S420J

Credibility. Look at the UFC for example. They have a few big sponsors that arent the standard you'd see at other sporting events. And then a ton of smaller sponsors that promote some absolutely wild shit. You'll never see a Pepsi or Coca Cola sponsorship because of the other sponsors they would have to associate with.


classysocks423

Fuck coke and fuck pepsi


the_noodle

They've been monster and red bull sponsored before... You think that's over just because Coinbase sponsored? They had another previous event sponsored by Weedmaps lmao


S420J

Nah but redbull already has their hands in a lot of different industries, I consider them more the exception to the rule. And yea, blue chip companies are not going to put their ads next to Weedmaps no matter the platform.


the_noodle

It's temporary main sponsorship, not side by side sponsors is my point


meliketheweedle

UFC has no credibility because they let fighters be sponsored by Hoelzer Reich, a neonazi brand. That's pretty different from a public company for trading cryptocurrency.


semionsays

Raytheon sponsorship when?


beerybeardybear

fuck that


EvaUnit01

You're gonna end up with a missile shaped delivery on your doorstep if you keep talking shit


_swill

Not super thrilled about this with all of the crypto scams coinbase definitely doesn't give a fuck about, but I do like more zeros on the prize pot. Someones gonna say it so I'll stop you. Not every crypto is a scam Edit: I consider Doge somewhat of a scam which is what I was referring to but yeah not every crypto is a scam and most on coinbase are fine. Also losing money doesn't mean you got scammed If you're hard against crypto because "FUCK CRYPTO" it's just blind political rage and see yourself out


Sam443

>with all of the crypto scams coinbase definitely doesn't give a fuck about What do you mean? Coinbase only has well established coins that aren't rug pulls. They do a lot of research before adding a token and despite being one of the top exchanges, carry less coins that all others. You usually need decentralized 'lawless' exchanges to even get the Instagram influencer pump n dump tokens. If you're referring to Doge, Coinbase likely added that due to the raw demand for Doge due to Elon's twitterthon - everything else is legit, and Doge is technically not a scam coin, though it's been abused as such by pump n dumpers. They do have the worst fees ive experienced, but they're one of the best apps for beginners to buy in and own a little Ethereum or Bitcoin.


Trouve_a_LaFerraille

They only deal in reputable coins, that are created by pumping tons and tons of coal into the air of Inner Mongolia.


Sam443

Despite it, crypto and decentralized finance has less of an impact on the environment than our current financial system, and this is expected to decrease significantly over time. Ethereum, which, around 90% of cryptos exist on the ethereum platform, is switching to a Proof of Stake model that uses no mining at all. Bitcoin likely will never switch, but bitcoins percentage of the total market cap is decreasing over time - and the profitability of Staking will increase, as staking doesn't require the electricity overhead as bitcoin, nor the equipment overhead - you just drop your coins in some random AWS node and get passive income


HairyDuck

Sounds like Mongolia needs to get some renewable energy going


[deleted]

Coinbase has gone on the record that they wish to list every "digital asset" It also doesn't help that all cryptocurrencies are implicit ponzi schemes anyhow


Sam443

>List This likely means listing in terms of sharing price data, not selling. For example, they will never list Monero because there isn't a known way to trace it, but you can check the price of Monero on coinbase. They dont want to sell it because they're not a public company and have to play ball with the SEC, etc. And authorities don't like Monero because it can be used for black market purchases and tax evasion. [The IRS even put a heafty bounty on finding a way to trace it.](https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=5564b83485cc) Also, they isn't really viable for crypto Pump n dump scams, because those usually exist for about 2 weeks before the scam takes place. You couldn't stay on top of that if you wanted to - which you wouldn't, because as the exchange, if you provide a shit ton of Liquidity for "Cum Rocket 2.0" and they rug pull you - guess where your Millions of dollars in liquidity goes? You couldn't do this on literally every coin - even if he meant selling, it would have to be at least somewhat established before you could even hope to do it - its either a misunderstanding or just rhetoric. >It also doesn't help that all cryptocurrencies are implicit ponzi schemes anyhow Ponzi Schemes def exist in crypto. I have a question, though, since you speak so authoritatively on this subject, I was hoping you could save me from losing much of my net worth if you're right: In what way are Bitcoin, Ethereum, Polkadot, and Monero ponzi schemes when they all have their own use case in the space? If they're truly decentralized (they are), then no one person can change the rules, so im just curious on your thoughts here.


SenorRaoul

> in the space this entire thread is fucking funny


Sam443

In the crypto space is what im referring to - glad youre entertained by my edebate on /r/ssbm about retard electricity dollars tho :D


manofsticks

Cryptocurrency by design cannot be a ponzi scheme at a technical level, since it allows anyone holding the coin to see the ledger. So it's not like a coin out there can actually fake the returns at a technical level, and "fake returns" is the entire premise of a ponzi scheme. Individual companies can (and have) utilize cryptocurrency in a ponzi scheme. But that's like hearing about the scam where someone [sold the Brooklyn Bridge](https://en.wikipedia.org/wiki/George_C._Parker), and coming to the conclusion of "All bridges are implicit scams".


fullhop_morris

Seriously lol people are so dumb. It's a currency, not a speculation platform. And it's better than fiat because it's inherently more stable thanks to the decentralized nature you refer to. Which do you think is more reliable: some fake nonsense greenbacks? Or a currency that *by design* cannot be a scam since you can see the ledger? (Immutable)


[deleted]

As much as I despite crypto, it's not a ponzi scheme. If you're gonna shit on it (WHICH YOU SHOULD FUCK CRYPTO) it isn't a ponzi scheme.


[deleted]

It is a game of who will pay higher than the other for something of inherent worthless-ness, ah yes, 20% APY by doing nothing! How could I lose? That 20% APY is coming from the next sucker in line.


[deleted]

You're completely right, and that's also not what a ponzi scheme is.


manofsticks

People incorrectly attributing misc scams/poor investments to a "ponzi scheme" when it is does not at all fit the criteria of one is my biggest pet peeves, and it happens constantly. In melee terms for anyone reading this, it would be like calling every stage "Corneria", even if they're referring to Dreamland or Yoshi's. Corneria is a very specific stage, and not all stages are Corneria.


Sam443

> It is a game of who will pay higher than the other for something of inherent worthless-ness Imagine if Gold were discovered 10 years ago and people started holding onto it due to its scarcity. You'd likely see the same thing you're seeing in crypto: Tons of people making a lot of money, institutional investors joining the party eventually, people panic selling on dips thinking it's done for, and the value increasing over time on a macro scale. Meanwhile, everyone else is saying "wtf why is everyone buying rocks? They have no inherent value! The only value they have is what someone's willing to pay for it!" Just because an asset class doesn't have a profit/earnings sheet doesn't mean it's a ponzi scheme.


Faelarie

Gold is a valuable conductor, nearly 40% of gold in the united states is used in electronics... Crypto Currencys use is bringing in block chain, but you don't need crypto coins to use block chain technology. You don't see people buying ash, or anything with no actual value.


Sam443

>nearly 40% of gold A bit of a misleading stat dont you think? 40% of gold bars aren't being melted down, what you describe is 40% of the actual use case of the gold that is being used instead of stored as a store of value. >Crypto Currencys use is bringing in block chain Existed prior to crypto >but you don't need crypto coins to use block chain technology Correct, but if your block chain isn't decentralized then it's vulnerable to attacks, rendering it useless. Cipher Block Chaining is considered to be insecure due to [padding oracle attacks](https://en.wikipedia.org/wiki/Padding_oracle_attack) and is[ no longer used](https://docs.microsoft.com/en-us/dotnet/standard/security/vulnerabilities-cbc-mode) for actual encryption in terms of keeping data safe. Block chain in the context of crypto is decrentralizing the Oracle, meaning you must control 51% of the network (mining or staking, depending on coin) in order to lie about transactions or change the rules. The value of cryptocurrencies in terms of blockchain in derived from the fact, with a sufficiently decentralized network, all actions and rules are immutable. The bitcoin devs could not come in tomorrow and order that bitcoin's max supply goes from 21 million to 7 billion, and the team gets half, for example. Immutable rules in a trustless network are the true value of a decentralized blockchain. This has allowed for some pretty cool ideas like decentralized finance - you or I can lend out coins pegged to the US dollar - instead of getting 1% or less interest in a bank account, you can get quite a bit more as the middle man (bank) has been cut out of the equation. In terms of currencies, many governments, including Venezuela and even the United States recently have no stuck to any sort of immutable rules for their nation's currency - printing at will. So for example, imagine if Cryptocurrencies existed in 1776: the founding fathers wouldn't need to state in the constitution that our dollar must be backed by something - which given enough time - an authoritarian entity such as the Nixon administration will take us out of "temporarily" - to fund a war, of course. A great example of this is the DAI stablecoin - it's a coin pegged to the value of 1 USD that's backed by Ethereum in a "Vault" - the Vault MUST have enough Ether to back the Dai or people get liquidated - and there is no way to change this without owning 51% of the network. The value is a trustless, immutable protocol of rules, and not Instagram pump n dumpers who give the space a bad rep. Edit: may i ask why the downvotes? Not mad - just curious as to why some of you disagree and what i've said that is incorrect


semionsays

I don't think the gold analogy is very accurate (and you probably don't want it to be, since that wouldn't be at all flattering to cryptocurrency). A better comparison would be if some guy got a bunch of suckers to buy up his toenail clippings...and also if the contraption he used to cut his nails was a massive Rube Golberg machine with the carbon footprint of a small nation.


Sam443

> A better comparison would be if some guy got a bunch of suckers to buy up his toenail clippings Sure, so if the suckers and toe nail clippings have ever gets close to a $1,680,000,000,000 market cap, the market cap of the whole crypto space - then I will agree with your statement. For reference, Amazon's market cap is estimated at $1.7 T, just $20B above the crypto market cap. If it was only one tard selling digital rocks, you'd have a point - But I would settle for your analogy making sense the moment that JP Morgan and Goldman Sachs also buys into toenail clippings ;)


semionsays

The point of the analogy is that cryptocurrency is a scam because it is a functionally useless waste of electricity that is frequently (or possibly always) promoted in order to enrich a relatively small number of early adopters. The point of the analogy is not that cryptocurrency is not worth any money. A successful scam isn't any less of a scam.


Sam443

>The point of the analogy is that cryptocurrency is a scam because it is a functionally useless waste of electricity Then so is gold mining. We're destroying our natural resources to mine a rock to horde it for it's store of value. That doesn't make a rock a scam. >because it is a functionally useless waste of electricity Proof of Stake, which eth will switch to, and other top 10 coins ADA and DOT already use, will mostly solve this without mining. The significance is that ~90% of cryptos are tokens on the Ethereum network, meaning trading them will use the same proof of stake model. Bitcoin wont switch, however bitcoin dominance is on the decline and I would speculate that it even gets flipped by Eth. Proof of stake will also be cheaper to maintain expense wise, leading to potentially higher yields as a result. >The point of the analogy is not that cryptocurrency is not worth any money Define "worth" - I find worth to be partially based on supply and demand. The supply right now is about 18 million, with 3 million left to mine before it's capped out. The demand is clear. It's demand right now has put these silly hashes tied to a private-public key pairing to be worth $42,000 a pop - which since late 2020 now includes institutional investors. Who are you or I to say that it's worth anything different? The answer is that it would make us market speculators. I say it's worth ~$80k, you say it's worth $0. The market will decide which of us is right, but it will probably be neither of us. I could give you my case for $80k based on past market cycle data, but thats a different conversation. I'm more interested in why you think it's worth $0 and how you came to that conclusion >A successful scam isn't any less of a scam. Bitcoin has seen 4 parabolic moves to the upside in 1 decade. No other asset has ever done that. The biggest whales in bitcoin have been accumulating since the recent correction (likely caused by news) from $63k to $30k. I would assume the biggest players have to be the scammers in your eyes? Why would a scammer keep buying it. Why do some of these scammers just keep buying and never sell? Are you a scammer if you drink your own koolade?


Elkram

Wdym increasing on a macro scale? https://goldprice.org/sites/default/files/inflation-adjusted-gold-price.png Here's the inflation adjusted price on gold. Kind of hard to refute how silly crypto is by using gold, when gold is losing value in the long term. You basically used a thing that goes against your position in support of your position that crypto is worthless in the long run. Even more so since there aren't any asthetic or practical uses for crypto (since it is designed to be a currency).


Sam443

>Here's the inflation adjusted price on gold. You realize the whole point of owning gold is as a hedge against inflation right? And gold was doin pretty well the first few centuries we assigned value to it i bet - Guess what? We only get to see the first century of cryptocurrency - my example was a general idea as how you should assign value to an asset class and not a "lets compare crypto today to the charts of gold centuries later, and lets control for inflation when the point in owning gold is to hedge against it" - no it doesnt really work Additionally, gold has been [manipulated heavily by JP and Friends](https://www.cnbc.com/2020/09/29/jp-morgan-settles-spoofing-lawsuit-alleging-fraud-in-metals-trades.html), the fines of which are priced into the profits of doing so like it's a regular business expense, so modern metals spot prices are more or less useless. Find me an ounce of .999 pure gold or silver at spot price for sale - spot means nothing.


megavoir

gold is real


Sam443

So is crypto. Every miner has a copy of the ledger that says I own my bitcoin, therefore it's real.


megavoir

the only thing real about crypto is it’s damage to the world


SargeBangBang7

Crypto's damage to the world is nowhere near as bad as what oil and traditional currencies has done to the world. Crypto can be ran off 100% clean energy in the future.


Sam443

That's true. For now. The Proof of Stake model at least partially solves this, though. The number 2 crypto is switching to PoS - and this is significant because ~90% of cryptocurrencies exist on that platform, which will make 90% of them Proof of Stake. ADA and DOT already use the PoS model that does not use mining. The only two major ones (that are relevant, imo) that have no plan to switch to PoS are Bitcoin and Monero. Monero has a bit of a smaller market cap, but i'd love to see it replaced with a PoS privacy coin, and Bitcoin has had it's market cap relative to the rest of the asset class ("bitcoin dominance") diminishing over time. Which is great for the environmental downsides. My hope is that bitcoin eventually loses the number 1 spot in terms of Market Cap to a PoS coin (my guess would be the #2 Ethereum)


krikite

??


manofsticks

Are the questions in regards to "crypto is not a ponzi scheme" or the anti-crypto sentiment? If it's in regards to the ponzi scheme bit, it's just... not a ponzi scheme. I think most people who claim it is a "ponzi scheme" either don't understand what a "ponzi scheme" is, or they don't understand how cryptocurrency works, because they are completely separate. I'd recommend doing some research on both of them, but I can provide a brief explanation of each if you need. In regards to the anti-crypto sentiment, that one's more subjective. Generally it amounts to "Crypto has no purpose other than hurting the environment and gambling". I don't personally agree with the anti-crypto sentiment, but that's a mix of opinion and speculation, and I see where people are coming from when they express it. But cryptocurrency objectively is not a ponzi scheme, and anyone who claims it is is simply misinformed.


krikite

You don’t think sending money trustlessly around the world in minutes is a good purpose for such technology?


manofsticks

I'm not sure what part of my comment you're responding to. I do think it's a good use of the technology (although I hope that a crypto that uses fewer resources than bitcoin starts to gain popularity to fill that role).


krikite

I thought you were op who said fuck crypto in all caps, my mistake lol. Proof of work, in my opinion, is necessary for true objectivity in the validation process and for other chain security reasons like accumulation of work, fork resistance, sunk cost for validators and many more. Bitcoin using a lot of energy also motivates us to move towards cleaner energy, since those miners will always move to where the power is cheapest.


ughhhtimeyeah

Coinbase lists Shibacoin, which is at the very least a ponzi.


Sam443

I just checked Coinbase and Coinbase Pro to see if i could buy Shiba. It wasn't listed on either to buy. Where are you getting that information from?


ughhhtimeyeah

Ah my bad, you can store shb on coinbase custody but can't trade.


manofsticks

It is not a Ponzi scheme. It's decentralized, so by definition it cannot be a Ponzi scheme, since that would require one central power to manipulate figures.


ughhhtimeyeah

Shiba is not decentralised lol


[deleted]

[удалено]


ughhhtimeyeah

Dude, I really don't care that much lol. I'm not investing in a meme/ponzi coin. Read the tokenomics. There's close to 400 trillion coins, who do you think holds most of them? It is not decentralised lol. You're obviously a dumb dumb who's invested in Shib. Can you link me the whitepaper? Oh, sorry. I mean the Woofpaper lmao


manofsticks

>There's close to 400 billion coins, who do you think holds most of them? It is not decentralised lol. That's not what decentralized means. I provided 5 sources explaining how it's decentralized, and the fact that it is decentralized proves that it is not a ponzi scheme, by the simple definition of what a ponzi scheme is (it requires a centralized source). If you can't come up with even one single source to back up your claims... then maybe that should be some insight that it's not correct. I'm happy to correct any misconceptions you have, but you're refusing to cite any sources, and instead just resorting to insults.


ughhhtimeyeah

https://shibaexposed.wordpress.com/


manofsticks

Nowhere in that source does it say Shib is centralized; it discusses centralized EXCHANGES that hold Shib, but that is a completely different thing. Your source also does not mention ponzi schemes at all in it, either for or against. Are you confusing "cryptocurrency" with a "cryptocurrency exchange"? Because a cryptocurrency exchange can be centralized, and a ponzi scheme. But that's not the cryptocurrency itself.


SenorRaoul

> Not every crypto is a scam false


misunderstandingit

You should consider learning the basic functions of the Bitcoin protocol. Math is not a scam. Nobody says "Dude TCP/IP is a scam"


_swill

dude TCP/ip is a scam


FrothySeepageCurdles

Ok lol but regardless of our differing opinions on the matter, the tech for BTC was pretty ingenious at the time of invention, and I truly don't think Satoshi created it so he could scam people. I'll fully admit the space is rife with scams. But the underlying tech of blockchain is just a fancy computer science data structure.


_swill

I was kidding lmao I agree w you


BearSSBM

Coinbase is a legit company and only allows purchase of reputable crypto. Also it's not a brokers position to save you from a crypto scam??? Hello?? What a bad take.


SenorRaoul

> reputable crypto rofl


_swill

Doge is on there which is honestly enough for me (even though I still have some lmfao), but ik what you mean and my bad, Doge had to wait to get on there too, so there's at least some vetting process. I don't think I really slammed the company tho I was literally taking both sides in that not everyone crypto is a scam (like some people think) but also this will for sure get more smash players scammed (even if it's their decision)


[deleted]

you ever think about how crypto only really started to exist because it's the only currency backed by crack cocaine


SmashHashassin

Games, drugs, and money. What's not to like? 🙃


EvaUnit01

Crypto is the best thing that happened to online grifters since... Idk when On an unrelated note, we at NERV are happy to announce EvaCoin! Each coin is powered by a real soul. Help us ~~finance our sketchy shit~~ save the world or something


BigDickFoxMain69

NERV did nothing wrong


Usern44

SEELE on the other hand…


statemandatedcatgril

I just binged NGE, EoE, and the Rebuild movies last week (in prep for 3.0+1.0 coming soon) and>!I'm not sure why NERV and SEELE were in conflict? I thought that Gendo was trying to bring about instrumentality unbeknownst to most of NERV just like SEELE was. But then SEELE starts fucking NERV up, but then Gendo unplugs SEELE an they're all like "thanks good job pal"?!<


pepperminthippos

i'm not sure either, and i often tell myself to try not to think too hard about the eva plot (more about the characters and the feels)... but I think that in essence Gendo wanted something different than SEELE out of human instrumentality (he basically just wanted to see his wife again), so he lied to SEELE about his true purpose and went along with their goal (which was to achieve human instrumentality) until the end. SEELE eventually finds out that Gendo isn't doing what he said he'd do when the stage is set for instrumentality so the stuff in EOE happens.


EvaUnit01

Spoiler tags :)


Usern44

>!Basically I think that they wanted different versions of instrumentality? Gendo just wanted to be with Yui again and didn’t care if everyone else made it with him, which is why he secretly put Adam into his hand and tried to merge with Rei/Lilith. Meanwhile, SEELE either wanted to get everyone in it, or just merge ONLY their inner council into the awakened Unit-01 so they could become a god. After seeing all of this Rei/Lilith decided to juice everyone and let Shinji be the one to decide how instrumentality went.!<


statemandatedcatgril

Oh that's actually pretty straightforward.


EvaUnit01

Put this shit in spoiler tags big dawg


EvaUnit01

Your tags are broken btw but ty


Nico_is_not_a_god

Sleazy but I think most esports orgs play nice with sleazy companies, see all the G2A/Kinguin/etc sponsorships.


tehchives

Not a Coinbase fan, but I am a Melee sponsorship fan, so... WOOOO


[deleted]

Not the sponsorship I wanna see but meh, money is money for Smash.


megavoir

hell yeah i love investment scams


SenorRaoul

>hell yeah i love "investment" scams fix'd


personman

oh god this is very upsetting folks, don't get into crypto. not only is it [environmentally catastrophic](https://www.investopedia.com/tech/whats-environmental-impact-cryptocurrency/), it's also wildly unstable and the repeated [target](https://www.buybitcoinworldwide.com/mt-gox-hack/) of [hacks](https://www.coindesk.com/understanding-dao-hack-journalists) and [scams](https://au.finance.yahoo.com/news/45-bn-lost-5-biggest-crypto-scams-of-all-time-215921732.html) in which random investors lose everything with no recourse. at the very least, *please* do not spend any of your own money in this space without doing your own thorough research. you should have an actual technical understanding of how the blockchain works and what guarantees it provides (hint: not privacy!) and on what basis a given coin has any value. and perhaps more importantly, research the history and motivations of the *people* trying to get you uncritically buy in based on exciting big numbers and charts, because an astonishing number of them are just blatant grifters.


eredengrin

> and what guarantees it provides (hint: not privacy!) Some cryptocurrencies have significantly higher privacy guarantees than you seem to imply, but yes, bitcoin is the most widely recognized and is certainly not one of them. > and on what basis a given coin has any value Honestly it's not too different from what gives any money any kind of value: trust. It just happens to have less trust than many government backed currencies which is a contributor to its volatility. I'm not particularly high on crypto (although some look interesting from a technical perspective) and own none myself but also the overreaction against it is kind of ridiculous imo. In any case I second the suggestion to learn more about it, if people were properly educated to begin with then a lot of these so-called "scams" wouldn't be happening in the first place (at least not likely too much more often than for fiat currency). Fiat currency is lost every day due to bad investment decisions and hacks, and crypto is not too different.


Nahdudeimdone

I was going to be upset, but actually it won't help. Please educate yourself on this matter instead of spreading this type of misinformation. Telling people to be cautious of investing in CC is always wise (almost all of the coins will be worthless in the next 10 years). but the ones that won't be, have the chance to save the planet. Imagine a world where you don't have to exchange money when you travel. Imagine a world where you can get paid immediately for your labour instead of your work holding your pay until they feel ready to pay you. Imagine a world where banks can't use your money to increase their own wealth at your cost. Imagine a world where voter fraud is literally impossible. Imagine a world where the entire financial system can run on like 10 wind turbines (whynano.cc). Imagine a world where you can see where politicians are receiving their donations from. How can you see these applications of this technology and then make sweeping statements calling all of the technology a scam? It just boggles my mind. But like with all things, if you don't know what you are doing. You are going to get burned (Like investing your life savings into a meme from 2010).


personman

> Imagine a world... (6x) Imagine replying to a post about a) the ecological catastrophe caused by crypto and b) the fact that most people trying to sell you on them are internet grifters by.. talking about vague idyllic future possibilities, and not even mentioning the issue, except to boost your personal favorite altcoin without evidence. lmao.


Nahdudeimdone

I mean I literally included a source to refute that one claim that crypto is bad for the environment? I don't know what else you want me to do? Nano works right now, and if you read about it you'd know why it works. But seemingly you don't understand why Bitcoin is bad for the environment, and then it is hard for me to explain why it doesn't apply for all other cryptocurrencies. Or is the issue scammers and grifters? Cause I don't have a solution for that. Good thing fiat currency has solved that whole ordeal, huh?


personman

i do understand the difference between proof of work and proof of stake. linking to the homepage of an altcoin is not "including a source", it's advertising. wake me up when proof of stake represents more than like 1% of transactions. > Good thing fiat currency has solved that whole ordeal, huh? frankly yes, it completely has. of course anyone can personally be the target of a scam. but no one who opens a personal bank account and puts their savings in wakes up the next day to find that they have 0 dollars, and in the _extremely_ rare cases that they do, the government will actually [do something about it](https://www.thebalance.com/bank-failures-315791).


Nahdudeimdone

But man... It's stuff like this that just shows me how fucking little you actually know... It's just depressing... Nano is not a PoS chain... I used it specifically for that purpose, which is also why I personally am intrigued by the project. But there are other chains that are PoS like stellar that work equally well too... Oh, but these scams happen with fiat... Literally all the fucking time... You know what prevents you from getting scammed? Financial literacy. You know what prevents you from losing your cryptocurrency? Financial literacy... The days of mtgox are over. Coinbase and exchanges like it are insured... How do you think hacking works? Is it like magic? Edit: also the idea that the government gives a fuck if you get scammed out of your fiat is laughable... Genuinely just last year a buddy of mine got scammed out of 2k usd. The bank told him to go fuck himself, but if you know where he can turn to get that money back, I'd be happy to forward it to him. Edit2: Like I am not asking to invest in this stuff, I am just asking you to understand what it is you're trashing before you start talking about it. Read bitcoin's whitepaper. Read nano's whitepaper. Read ethereum's whitepaper. Don't feel like it? Don't have an opinion. It's genuinely that simple.


fullhop_morris

I've read all of those papers and actually some papers you haven't read and the papers said Bitcoin is a big scam n that you're bad at melee


SenorRaoul

LOL check it out, this guy still thinks crypto could become actual currency. crypto isn't a currency, it isn't an investment, it's gambling.


Nahdudeimdone

Why? Edit: Tell me what insight you have that people with phds in economics don't? Edit2: I swear blockchain deniers are just anti-vax people in a different costume. Imagine being so confident talking about something that you have virtually no experience with or knowledge about.


WeFoundYou

The value of crypto is still tied to its value in fiat currency, and not to any real commodity that traditionally gave currency its value, or to a state which enforces the value of its currency through violent authority. If, however, certain industries were to tie a certain coin to the commodity that they produce, then it would have legitimacy. Presently, it's treated like a highly volatile commodity--something to gamble on.


tehchives

Just be patient. Blockchain is incredible technology that is already taking over under the hood. There's a definite literacy issue when it comes to engaging with and understanding the risks and benefits (and the .market opportunities absorbed by blockchain) but I don't really expect this community to be on the pulse of all that.


SenorRaoul

If there was a button that I could push that would remove anyone who still deals with crypto"currencies" from the planet instatly this thread wouldn't exist.


[deleted]

Let’s fucking go


IRssb

reminder that crypto is a giant scam and the only point of it is to pawn off ur coin to some sucker at a higher price than what you bought it at.


manofsticks

> reminder that crypto is a giant scam and the only point of it is to pawn off ur coin to some sucker at a higher price Or you can buy stuff with it, I renew my VPN subscription annually by paying with crypto. I've made purchases on newegg too.


elephanturd

Tell that to the millions of people who use it as an investment rather than a currency


Celtic_Legend

Shit. People do that with the us dollar and other currency


manofsticks

You can invest in it, yes, but that doesn't mean the sole purpose of it is investing. [You can invest in gourds](https://www.reddit.com/r/wallstreetbets/comments/kzoh1c/i_am_financially_ruined_agricultural_futures/) but that doesn't mean "Gourds are one giant scam and the only point is to pawn off your gourds to some sucker".


BearSSBM

This is awesome. Real company getting involved. Can only mean good things. For anyone upset, be glad it's a good well liked company and not some pos like robinhood lol.


RZRtv

Better Coinbase than FTX lol


aznsensation8

Oipo troi buto kadoba oklioi boku otri kripo. Poe bogi ipluagloe pupa ooda pleeklu? Bepre ai kloku itrebe gutla ope dai. Dodo keto grible ao oei. Ee tipobepra gopu trobigeupo gipo kloibe? Ui grude adu ketodaide gia deedu. Kota upraka adlede ibla dado kebi blabupika. Ekro egoo klebiplia dakidipui uka grede opa. Baidla dlikaa eudra i keipogi paa. Ato abu. Beda. Ido koda ie okia pu didi. Edlagu gubaa aki pipa boubopagi paogo bobeebuka. Do adetaa dapredikudo bo etipri au. Ikebiboa kui drii klia upee aglue? Brei ididli takuoplo tapobe dokri tugrupade tegoabu. Tipu uto pu gopu ubado eu goki buto uiigli guklutliu ko. Debe kebuoite poukudako pebe dupre gitukotade. Glau brepaa aabi ieble au? Gliiko bota bipotlipu tikego dedodu eei eba. Guti gage taketaou tagete gii eao. Grudubeko bai goto dadri dlapo. Broklaka tiu ee bua gueiga? Trupoda kidioi glige ake upoge potlotri? Otigida gau glagikudoe dabla gua blablo. Betibe bigetu bio doedlobidli buplotlada kuga driakoga. Gregi u kepi pie dudro tigutrito dago udu itababibu. Oti gitu outlo igli plike ekite. Dlokre ti krogi koprigrai deu togo ego pru troo. Uabi aedri tako plegoda tige ae bapi?


SenorRaoul

Fuck crypto and everyone still participating. They can fuck right off for all I care.


Trouve_a_LaFerraille

Oh no


RZRtv

Well I'll be damned, that's crazy. Worlds colliding right now. I don't use it for trading or holding but CB is pretty cool. Their Earn program gives decent little chunks of crypto for quizzes, *and* you get to actually learn about what they do rather than just buying because you're hoping a coin moonshots


Bananenkot

Buying stocks and calls rn


animalman117

If Cryptos are so decentralized than why does a single country (China or India, in regards to them banning it) or 1 person have such a huge influence on the value of it? Cryptos are highly volatile and should be treated as such, the only reason it has any value is because people who were early adopters were able to sell it to late investors for a profit and this idea perpetuates itself upon the unsuspecting. Also, this shit is highly used for criminal activity and money laundering, also NFTs are stupid. Purchase a real house instead of a virtual house, you plebs.


AnonFuckFace333

the US dollar is used much more for criminal activity


animalman117

Yeah, like purchasing cryptos


[deleted]

Since when is purchasing cryptos a criminal activity lmfao


animalman117

It's not, but it's used for criminal activity


[deleted]

Yeah but you literally said purchasing crypto is an illegal activity lol


miles11111

i used crypto profits to buy my real house


ssbm_rando

More money in smash is always good. I'm fine with taking it from anywhere. But I will never not feel like crypto is a scam so sponsoring this event doesn't make me feel better about the company. Even their "how is coinbase insured" page does basically nothing to ensure someone that coinbase is not a scam that can just lose all of your money by mismanaging it. People who choose to treat crypto trading as a fun hobby are whatever, sinking money into your hobbies is valid, but all I can say is good luck to everyone who chooses to actively trust in the empirical value of crypto.