Carantoc said..
Shhhh, nothing to see here

myscreenname said..



Cryptos version of the Lehman Brothers. It'll just shake the weak hands from the tree. Be a good time to double down when the normies really panic sell.... hahaha

Mobydisc said..
We saw this ad on the side of a bus today.

hilly said..
How much % of tax did you pay when you sold at a huge profit?

Carantoc said..
Hi Guys,Just wondering if any of the super-clever mathematical geniuses who love crypto can help me with some math homework I have.

In the image below the red represents today on the horizontal axis and the green line to the left is the actual trend of a set of data over time.



Question is :

What is the statistically most likely trend of the data when projected forward beyond the red of today's date ?

being a math test for 2022's generation it is a multiple choice question, just gotta tick a box. Options are either :

a) best case is the continuation of the green trend beyond today
b) the rose coloured spike of the x-axis trending infinitely faster towards infinity for all of infinity and beyond

myscreenname said..
The market is a device for transferring money from the impatient to the patient.

Carantoc said..

Interesting point isn't it.

Nothing screams De-centralised Finance like a crypto exchange. An oxy-moron if there ever was one.

One of the major selling points of Bitcoin was that it was decentralized and outside the conventional monetary and capitalist systems and without third party regulation.

Yet it bloomed and could be traded by the masses only because of the ease you could trade it on new age exchanges. Peer to peer wallet swaps are just too complex and risky without some form of centralized exchange. And so these exchanges appeared and exploded in size yet they immediately, and by default, acted exactly like old-age exchanges, except without the benefit of central control and third party regulation.

It seems FTX (and the others) were indeed the very, very worst of unregulated capitalism, but created, promoted and loved by those who claim to hate unregulated capitalism.

No doubt a purist somewhere will claim the failures of crypto weren't due to the revolutionary concept but to repeating the established practices. But nobody has yet worked out how crypto could actually work without the long established capitalist practices, including third party regulation.

So now we have the biggest players in the crypto world encouraging and actively promoting regulation. The very thing that the soul of crypto is supposed to not be.

Crypto. The world went mad for a couple of years. Lucky we all then got the vaxx to bring some sanity back.

chatGPT said...
There has been a lot of skepticism surrounding bitcoin and other cryptocurrencies, with some people claiming that it is a bubble that is bound to burst and that the value of bitcoin will eventually go to zero. However, there are many reasons why this is not the case and why bitcoin has a bright future ahead.

First and foremost, bitcoin is decentralized, meaning that it is not controlled by any government or financial institution. This gives it a level of stability that is not found in traditional currencies, which are often subject to inflation and other economic factors. Additionally, the limited supply of bitcoin means that its value is likely to increase over time as demand for it continues to grow.

Another advantage of bitcoin is its security. Transactions made using bitcoin are encrypted and secure, making it much more difficult for hackers to steal your money. This is in contrast to traditional financial systems, which are often vulnerable to cyber attacks.

Furthermore, the use of bitcoin is becoming more widespread, with more and more businesses and individuals adopting it as a form of payment. This increased adoption will only serve to further boost the value of bitcoin.

Finally, it is worth noting that the technology behind bitcoin, known as blockchain, has numerous potential applications beyond just facilitating financial transactions. As the use of blockchain technology continues to expand, it is likely that the value of bitcoin will continue to grow along with it.

In conclusion, while there may be skepticism surrounding bitcoin, there are many reasons to believe that it is here to stay and that it will continue to have value in the years to come. Its decentralized nature, security, increasing adoption, and the potential of blockchain technology all make it a strong contender in the world of finance.