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Joined 1 year ago
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Cake day: June 18th, 2023

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  • you seem to think about cryptocurrencies like gold as well; an investment.

    because that is what it actually is used for.

    My question was about the future of them as a normal currency

    That is dead and burred.

    The one thing a currency needs is a relatively stable value, otherwise it is useless as a medium of exchange…ie: money.

    While crypto is as stable as that bear that ate a couple of kg of cocaine.

    I think of it as a ponzi scheme because that us what it has become.

















  • I spent a decade working in insolvency.

    When we were going into a business that had failed the question was “Are the idiots, criminals or both?”

    One highlight:

    A boat sales / marine business goes bust. When we arrive with the paper work and seize the place there are about a dozen new boats on the lot worth several million. We change the locks on the gates.

    Arrive the next day, the gates have been busted open and several million in boats are now missing. We look up the addresses of the owners (one of them lives on acreage) and drive to their property…from the road we can see the boats stashed there. Really smart guys.

    So we call the police. Someone inside notices use there and decides to flee with one of the boats, it is huge but they think they can get away.

    We then have the slowest car chase in history as we calmly follow this guy towing a boat on a trailer down the road while talking to the cops to meet us.