Posted on 12/08/2022 11:00:20 AM PST by sodpoodle
LOL @ Monkey Business
The smart monkeys got in on the action and are now living large...
The real smart ones started their own cryptocurrency exchanges using the money from Mom & Dad...
It does take a lot of time to count up all the Monkey Bucks, though...
You are in so much trouble :)
1 You buy virtual money with your real money.
2 You put it in your virtual bank account.
3 You buy virtual food, cars, etc, with a virtual credit card
4 You end up starving and walking.
Not really how Bitcoin works. Probably better for describing an exchange like FTX, rather than Bitcoin.
Not my circus. Not my monkeys. .............
I think the monkeys were in on the scam.
Entire industries are based upon artificial scarcity and controlled distribution. In fact, I would posit that the majority of most of the economy could crash if it were truly a free market without anyone being permitted to control who can buy, sell, or trade anything.
Market speculation is nothing more than a virtual version of mercantilism, based upon back in the day when traders and merchants needed to raise capital in order to build or use ships to transport goods that were in demand. Now it’s just sim-bank.
You still don’t understand. But if you’re amused with yourself, I suppose the thrill was cheap enough, even for you.
It’s amazing how people are fooled by a name. “Crypto” tells me nothing and it’s not currency. So what is it?
A gigantic illusion.
It doesn’t.
Momma called the doctor and the doctor said...
I gonna be taken in! I put my retirement money into tulip bulbs!
After the collapse of FTX, here is my analysis:
1. You buy virtual money with your real money.
2. The crypto company uses your real money to help Democrats steal the elections.
3. At the same time the crypto company uses your newly-created crypto currency to finish stealing the election.
4. Your money as well as the crypto you bought are now gone and the Democrats rule the country.
5. End of story.
What makes it even worse is the leveraging of “debt” from other cryptos, like Tether, to buy “bitcoins” at ridiculous high prices.
In this case, the villagers still had monkeys. You can eat a monkey, or train it to pick coconuts. Even the tulip craze, you still had tulips. But the FTX scam shows just what is the end result of all this crypto “investing.” There is nothing there but one fool greater than the other and the guys at the top who know how to play the fools like an orchestra.
Once the major investment banks started in on bitcoins I knew it was nothing I wanted to be a part of.
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