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Rob Cesternino 05/02/21 7:17:11 PM #1: |
https://www.youtube.com/watch?v=HaJpYjO136o
The only people calling crypto a ponzi scheme or monopoly money are boomers like Bill. Don't be like Bill. --- Stop asking me if I'm Jessica Simpson. Jewish girls Survivor is the greatest show EVER. are hawt ... Copied to Clipboard!
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#2 | Post #2 was unavailable or deleted. |
Mezcla 05/02/21 7:18:15 PM #3: |
who's at the top of the scheme then?
--- Sig ... Copied to Clipboard!
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Antifar 05/02/21 7:18:24 PM #4: |
When that stupid asshole is right, he's right
--- kin to all that throbs ... Copied to Clipboard!
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berlyman101 05/02/21 7:19:07 PM #5: |
he's getting close to a realization here, but it's no more a ponzi scheme than any other currency.
--- ... Copied to Clipboard!
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BeantownHero 05/02/21 7:19:59 PM #6: |
he's literally just a old man caricature at this point
--- Black In America https://gamefaqs.gamespot.com/boards/1527-black-in-america ... Copied to Clipboard!
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pogo_rabid 05/02/21 7:20:33 PM #7: |
"ratings are slippping, how can I get people to pay attention to me again"
--- Ryzen 3800x, 6900XT, 32 gig, 970pro, Asus Strix x570-E FC: SW-8431-3263-1243 ... Copied to Clipboard!
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ZMythos 05/02/21 7:20:48 PM #8: |
Bill Maher can shut his dumb fucking mouth.
--- Rainbow Dashing: "it's just star wars" AutumnEspirit: *kissu* ... Copied to Clipboard!
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ScazarMeltex 05/02/21 7:24:29 PM #9: |
I mean, he's right.
--- "If you wish to converse with me define your terms" Voltaire ... Copied to Clipboard!
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hockeybub89 05/02/21 7:25:13 PM #10: |
... Copied to Clipboard!
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TheVipaGTS 05/02/21 7:25:59 PM #11: |
Hes literally not wrong lol. Now take it how ever you want, but especially with dogecoin, its just a modified modern day ponzi.
--- Dallas Cowboys: 1 - 1 ... Copied to Clipboard!
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Heineken14 05/02/21 7:28:39 PM #12: |
Just to get off topic a little, but it's always amusing when Bill rants against nneeerrrrrds! Like, come-on bro, calm down, you'd get a wedgie just like them. You're not a cool dude. Lol
--- Rage is a hell of an anesthetic. ... Copied to Clipboard!
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Master Kazuya 05/02/21 7:37:14 PM #13: |
The clapping after everything he said was so dumb. Regardless of it being a ponzi or not, he was coming at this in some weird bitter angle like "this money isn't real, the youth doesn't know what's real" and would get applause for it
--- itt my post is the best ... Copied to Clipboard!
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What_ 05/02/21 7:41:43 PM #14: |
This got me thinking: do you think snow White banged all those dwarves?
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Dakimakura 05/02/21 7:42:31 PM #15: |
Yeah, cryptocurrency is a plague upon the planet for sure.
This shit needs to end now --- ... Copied to Clipboard!
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NinjaWarrior455 05/02/21 7:43:24 PM #16: |
He's definitely right, but so is every currency.
--- Super Bowl 52 Champions!!!! http://myanimelist.net/animelist/NinjaWarrior457 ... Copied to Clipboard!
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catboy 05/02/21 7:44:00 PM #17: |
ScazarMeltex posted...
I mean, he's right. --- Then by that logic, real women are pixels. -Kisai ... Copied to Clipboard!
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fan357 05/02/21 7:47:44 PM #18: |
Thats why Im only buying Dogecoin. A meme of a scam had to work.
--- Never forget where you came from. ... Copied to Clipboard!
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CARRRNE_ASADA 05/02/21 7:48:15 PM #19: |
So you only get richer if more people join and buy in....does sound like a ponzi scheme, cause youre not even buying something with intrensical value.
--- SEXY SEXY! ... Copied to Clipboard!
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s0nicfan 05/02/21 7:49:15 PM #20: |
https://www.youtube.com/watch?v=lC5lsemxaJo
--- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz ... Copied to Clipboard!
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Proto_Spark 05/02/21 7:49:50 PM #21: |
He doesn't seem to know that American currency isn't backed up by anything either. So his justification for what's wrong with crypto also applies to US Currency
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Smashingpmkns 05/02/21 7:50:23 PM #22: |
We're going to be using Dogecoin to purchase insulin in a few years.
--- ... Copied to Clipboard!
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CoorsLight 05/02/21 7:57:50 PM #23: |
Proto_Spark posted...
He doesn't seem to know that American currency isn't backed up by anything either. So his justification for what's wrong with crypto also applies to US Currency American currency doesn't suck up a ton of energy Well yes, capitalism is a horrible leech on the earth, I know, but at least most of that leeching is ostensibly done as part of an exchange of some other good/labor that has some useful non-monetary value, rather than very literally using that energy to make money ... Copied to Clipboard!
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AssAssasin69 05/02/21 8:02:02 PM #24: |
The carbon footprint part is very true
--- You better watch your butt, man ... Copied to Clipboard!
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Reis 05/02/21 8:04:11 PM #25: |
Antifar posted...
When that stupid asshole is right, he's right ... Copied to Clipboard!
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ChocoboMogALT 05/02/21 8:05:17 PM #26: |
A Ponzi scheme (/pnzi/, Italian: [pontsi]; also a Ponzi game)[1] is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[2] The scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds.The problem with Ponzi schemes is that they hide risk and losses. Crypto has some characteristics of a ponzi scheme, but the risk is bare naked and nothing is hidden. If you buy into a ponzi scheme that fails, you made a bad investment that was misleading, if you buy into crypto that fails, you're an idiot. --- "We live in a country Hasire.." ~ yosouf06 REVOLVER STAKE! http://img.photobucket.com/albums/v717/ChocoboMog123/AltEisenRChocoboMog.png ... Copied to Clipboard!
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creativerealms 05/02/21 8:05:51 PM #27: |
He's not right often but he's right now.
--- Occam's razor: The simplest solution (answer) is most likely the right one ... Copied to Clipboard!
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H0LD_Austin_Era 05/02/21 8:06:05 PM #28: |
You mean the world runs on lies? Nothing new. The stock market is way over priced big time. Sales aren't as high but valuation is.
--- C H E C K *M A T E* ... Copied to Clipboard!
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K181 05/02/21 8:07:55 PM #30: |
He's a douche, but the whole thing is a series of continuous pump and dumps.
--- Irregardless, for all intensive purposes, I could care less. ... Copied to Clipboard!
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ChocoboMogALT 05/02/21 8:14:53 PM #31: |
Also, watching that video: Maher doesn't understand fiat currency and very basic stocks?
--- "We live in a country Hasire.." ~ yosouf06 REVOLVER STAKE! http://img.photobucket.com/albums/v717/ChocoboMog123/AltEisenRChocoboMog.png ... Copied to Clipboard!
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theAteam 05/02/21 8:16:59 PM #32: |
Master Kazuya posted...
The clapping after everything he said was so dumb. This was the biggest thing I got out of that segment. They had to have that big blinking "applause" sign, right? --- Without the water you can't have the flame ... Copied to Clipboard!
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Jiek_Fafn 05/02/21 8:22:47 PM #33: |
ChocoboMogALT posted...
The problem with Ponzi schemes is that they hide risk and losses. Crypto has some characteristics of a ponzi scheme, but the risk is bare naked and nothing is hidden. If you buy into a ponzi scheme that fails, you made a bad investment that was misleading, if you buy into crypto that fails, you're an idiot.This By his logic everything you invest in is a ponzi scheme. He's just throwing around terms. --- PSN: Jiek ... Copied to Clipboard!
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Lorenzo_2003 05/02/21 8:25:15 PM #34: |
berlyman101 posted...
he's getting close to a realization here, but it's no more a ponzi scheme than any other currency. Sort of true. When the dollar was backed by gold and you could at least attempt to hold somebody accountable for that, then it wasnt a scheme like crypto is now. It doesnt mean I wont still hold on to what I have now in crypto and invest when I can, though. Just be aware, I guess. --- ... ... Copied to Clipboard!
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Beveren_Rabbit 05/02/21 8:25:55 PM #35: |
can you make a good profit you just spend a $100?
--- *flops* ... Copied to Clipboard!
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untrustful 05/02/21 8:34:57 PM #36: |
He's not wrong, but he's not right either.
Yeah, bitcoin mining is a waste of electricity. Yeah, cryptocurrency holders basically pass the buck to buyers who have to pass the buck to future buyers who continue the cycle over and over for eternity. Yeah, the algorithms banks tried to use for mortgages resulted in the 2008 financial crisis. He doesn't even touch on it, but the anonymity of crypto has helped facilitate the hostage taking of information through malware and the like. BUT Yeah, cryptocurrency produces money from thin air, but anyone who superficially brushed with the history of banking would know that banks make money from thin air too. The differences he points out between money and crypto when he mentioned apple stock doesn't mean money is given value from apple stock, but the other way around. Money made from thin air by the banks is loaned out "in the hope" something productive comes out of it for the economy. Just because he read articles on cryptocurrency, and had it explained to him by others doesn't mean no one understands cryptocurrency, it just means he's ignorant. It's true cryptocurrency is almost entirely used for speculative reasons, but there has been productive things that came out from it. Blockchain technology being the most famous example. ___ Anyway, yeah I'm no fan of crypto myself, but I'm not gonna pretend it's a totally imaginary thing when it has bankrupt so many people who jumped in without any concern for the consequences. --- My Mario Maker Levels https://supermariomakerbookmark.nintendo.net/profile/untrustful?type=posted ... Copied to Clipboard!
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NeonOctopus 05/02/21 8:36:18 PM #37: |
Nah, but NFTs are definitely a ponzi scheme tho >_>
--- ... Copied to Clipboard!
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Unsugarized_Foo 05/02/21 8:37:40 PM #38: |
Imma get an NFT of this clip of him saying that
--- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana ... Copied to Clipboard!
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Beveren_Rabbit 05/02/21 8:38:50 PM #39: |
you only make a profit if you spend $1000's?!
--- *flops* ... Copied to Clipboard!
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Lorenzo_2003 05/02/21 8:39:19 PM #40: |
NeonOctopus posted...
Nah, but NFTs are definitely a ponzi scheme tho >_> NFTs kinda hurt my brain a little, but I dont want to be a hater. if some people make money with it, then OK. --- ... ... Copied to Clipboard!
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twitterfriends 05/02/21 8:46:33 PM #41: |
When we ascend to the next level transcension dont stop and carry boomers like Bill along with us, theyll just spit in our face and insult us.
--- #BidenHarris #JusticeDemocrats #Hive #WolfPAC #Dogecoin #WeAre12 #12thMan #Seahawks #Belieber #DENT #UBI #PokemonGo #twitterfriends #MMA #PopularHashtags ... Copied to Clipboard!
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EndOfDiscOne 05/02/21 8:50:46 PM #42: |
Do this many people not know what a Ponzi scheme is? Bitcoin is not one. Its people buying/mining and selling assets, simple as that. Its all visible to the public. There is no underlying business activity, no distribution of profits real or imagined, etc.
--- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED! ... Copied to Clipboard!
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Dakimakura 05/02/21 9:25:25 PM #43: |
twitterfriends posted...
When we ascend to the next level transcension dont stop and carry boomers like Bill along with us, theyll just spit in our face and insult us. We are going to need to transcend to another plane of existence if we keep killing the Earth at the same rate. --- ... Copied to Clipboard!
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1337toothbrush 05/03/21 1:59:12 AM #44: |
Proto_Spark posted...
He doesn't seem to know that American currency isn't backed up by anything either. So his justification for what's wrong with crypto also applies to US CurrencyYou're right, it's not like the US dollar is backed by the largest superpower in the world or anything. --- ... Copied to Clipboard!
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Master Kazuya 05/03/21 7:41:50 AM #45: |
1337toothbrush posted...
You're right, it's not like the US dollar is backed by the largest superpower in the world or anything. The US dollar is backed by China? --- itt my post is the best ... Copied to Clipboard!
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BlingBling22947 05/03/21 10:43:49 AM #46: |
nobody fucking with his old ass
--- When was the last time you heard your boy Nas rhyme? Never on schedule but always on time ... Copied to Clipboard!
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#47 | Post #47 was unavailable or deleted. |
itachi15243 05/03/21 10:46:49 AM #48: |
Master Kazuya posted...
The US dollar is backed by China? Isn't China in some weird position where if we didn't owe them so much they'd be the third largest power or something? --- I do drawings and stuff https://www.fiverr.com/blueblitz ... Copied to Clipboard!
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VigorouslySwish 05/03/21 10:51:54 AM #49: |
notice how NONE of the critics are discussing crypto's amazing function of not having the govt involved in your money?
I wonder why that could be hmmmm....... --- i'm just some guy yellin' about apple sauce ... Copied to Clipboard!
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MrToothHasYou 05/03/21 10:59:07 AM #50: |
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