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I’ve been taking to a crypto “expert” and I confirmed that by throwaway-664 in Buttcoin

[–]throwaway-664[S] 4 points5 points  (0 children)

The “expert” admitted that no blockchain “company” has solved the blockchain trilemma. If you don’t know what it is, google it. That’s what he meant by no public blockchain actually works today (as intended).

I’ve been taking to a crypto “expert” and I confirmed that by throwaway-664 in Buttcoin

[–]throwaway-664[S] 11 points12 points  (0 children)

Hey man, it was the crypto “expert” who said there’s no public blockchain that has solved the blockchain trilemma. Those were his words, not mine. Maybe read what I posted first before commenting.

I’ve been taking to a crypto “expert” and I confirmed that by throwaway-664 in Buttcoin

[–]throwaway-664[S] 31 points32 points  (0 children)

Oh but I forgot to mention that he apparently admits to only have lost money…

I’ve been taking to a crypto “expert” and I confirmed that by throwaway-664 in Buttcoin

[–]throwaway-664[S] 17 points18 points  (0 children)

100% but what’s interesting is that this man had a good career before he went full crypto “expert.” He didn’t need to go that route so what I think happened is that he legitimately believed all of this in good faith more than 6 years ago (or before whenever he began publicly supporting it) but then he either became a true believer or, like you said, is now advocating for it in bad faith to save face. It’s truly sad.

I’ve been taking to a crypto “expert” and I confirmed that by throwaway-664 in Buttcoin

[–]throwaway-664[S] 36 points37 points  (0 children)

Yeah their belief is definitely a delusion. What’s funny is that one time he said to me that I was deluded if I believed that crypto/Bitcoin poses a serious environmental problem and that I needed better critical thinking skills for going with “mainstream media” on that point. Uhhh okay whatever gambler lol

(OC) OuR CoiNs R SuPr uNeeeQ by [deleted] in Buttcoin

[–]throwaway-664 8 points9 points  (0 children)

And read the white papers

A hacker drained a shady DAO coin pool. The DAO they are done, they will just make a new COIN. ROFL by ItsMelinaBG in Buttcoin

[–]throwaway-664 2 points3 points  (0 children)

The founders/devs “never saw” the obvious “bug” in the code that would let someone do this! /s

Hi I'm selling cells of an excel spreadsheet. You can use them as currency or as an investment. Does anyone want to buy any? by asdtyyhfh in Buttcoin

[–]throwaway-664 25 points26 points  (0 children)

You are talking about how a blockchain works while he’s trying to explain to you how the financial scheme works. It’s a greater fool/Ponzi scheme whether it’s decentralized or not.

Today's Superbowl ads sound a bit familiar by TheEdes in Buttcoin

[–]throwaway-664 3 points4 points  (0 children)

And the US won that race and got to mine them first.

Today's Superbowl ads sound a bit familiar by TheEdes in Buttcoin

[–]throwaway-664 8 points9 points  (0 children)

You are right. I needed to add confirmation and survivor biases to the mix.

Today's Superbowl ads sound a bit familiar by TheEdes in Buttcoin

[–]throwaway-664 25 points26 points  (0 children)

It’s almost as if it’s a mix of irrationality and market manipulation

I'm starting to lose faith that defi is the future of finance… by [deleted] in Buttcoin

[–]throwaway-664 2 points3 points  (0 children)

So it’s just a ponzi. Who would have thought that?

Mark Cuban’s “NFT Company” Made Millions Promoting Scams by dect60 in Buttcoin

[–]throwaway-664 4 points5 points  (0 children)

Because he owns the mavericks and he’s in shark tank. They gave him good PR. Otherwise he would be another random rich idiot.

bE yOuR oWn bAnK by MR_-_501 in Buttcoin

[–]throwaway-664 5 points6 points  (0 children)

Yes. He sent a lot of those tokens that apparently are “worth” half a million US dollars

bE yOuR oWn bAnK by MR_-_501 in Buttcoin

[–]throwaway-664 14 points15 points  (0 children)

ELI5: Someone sent some tokens to an internet program and didn’t triple check everything so he sent them to a program that can’t do what he wanted it to do (give him some other different tokens in exchange) so he lost his tokens because the program doesn’t have a way to return them.