The Alarm Is Sounding On NFTs

CM156

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I'm currently making my way through this book and it's a must-read for anyone who is as bearish on crypto as I am.
It's a pretty stark look at how crypto is setting up unregulated and crooked pseudo-casinos designed to bilk people for their money.
 

BrawlMan

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View attachment 9758

I'm currently making my way through this book and it's a must-read for anyone who is as bearish on crypto as I am.
It's a pretty stark look at how crypto is setting up unregulated and crooked pseudo-casinos designed to bilk people for their money.
Thanks for the info. I won't be buying this immediately, but I'll get it at some point on a discount.
 

Cheetodust

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Two youtube essays came into my orbit recently, they are equally entertaining and depressing.
The Folding Ideas video is actually insane. His big NFT video kinda made everyone look like idiots falling for a grift. This one is more "these are mentally unstable people who have joined a cult". They genuinely believe, in essence, that their Gamestop stock can become infinite money glitches and that they can use it to break the US, if not global, economy. It's like fight club but with less people who look like Brad Pitt.

Like the stuff about the children's books? These people are genuinely unwell.
 

The Rogue Wolf

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They genuinely believe, in essence, that their Gamestop stock can become infinite money glitches and that they can use it to break the US, if not global, economy.
And then once the global economy is broken (because the world's governments will of course give them whatever they want, rather than just passing some laws forcing everything back to normal or sending some Black Ops units to "pacify" holdouts), they'll be rolling in Lamborghinis because... "Lambos are tendies and I'm going to Wendy's". How anyone's going to be selling cars or gasoline or anything else with a broken world economy just apparently isn't an issue.

It's a literal "Step 2 = ???; Step 3 = Profit!" mindset.
 

Chimpzy

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One third. Actually, 100% would still be too low.
 

Cheetodust

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View attachment 9758

I'm currently making my way through this book and it's a must-read for anyone who is as bearish on crypto as I am.
It's a pretty stark look at how crypto is setting up unregulated and crooked pseudo-casinos designed to bilk people for their money.
Finally getting around to it. Turns out the whole thing is way more evil than I had thought. I knew crypto was stupid and basically begging for fraud. Didn't realise how much that was a feature and not a bug.

I also found it very telling that at the Miami Bitcoin conference speakers included Tucker Carlson and Jordan Peterson. Yet again confirming that so many "free thinkers" all seem to free think themselves into all of the same views. Bet the food stalls were carnivore friendly.
 
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BrawlMan

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XsjadoBlaydette

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this guy likely got a few politics I disagree with, but he has great knowledge plus the charm of a morally grey Simpsons character if that makes any sense, with a great father-son relationship I will never be able to relate to, yet respect and learn from all the same
 
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CaitSeith

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The obligatory Legal Eagle video


Just as a side note, he blew his house arrest by trying to tamper and intimidate the witnesses. 3 of his co-conspirators pleaded guilty and testified against him.

Also, it's hilarious the prosecutor reversed-Uno the defense's BS argument that someone who dresses slobbish, has an unkempt hair and drives a Toyota Corolla couldn't have stolen money.
 
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