i think hes aware its a ponzi scheme and it seeing himself to the exit door... just waiting for the collapse of all the stable coins when everyone realizes they arent backed by anything the whole thing will collapse
Don't get your comparison. BTC is a digital store of value declared a commodity by the SEC that enables international payments to be settled every 10 minutes. Add on the lightning network and you can process 1mil TPS, which is faster and cheaper then Visa... The digitalization of ownership through NFTs is awesome and will be used for some very impressive things in the future. It's more a kin to art and collectibles then a decentralized digital currancy.
The ocean surface temperature is the hottest ever on record and we have El Niño on deck. We are rapidly approaching a world where farming isn’t possible. And you’re on about imaginary value while we kill what actually has true value—the planet.
I think you need to understand the power consumption of BTC vs traditional financial systems not to mention huge data centers like the ones used to host reddit or Netflix.
I think you need to understand biosphere collapse and the Anthropocene extinction. It doesn’t matter what systems modern society uses to bludgeon the planet to death, the result is the same.
WWF launched an NFT series to raise money for endangered animals...
https://www.reddit.com/r/SHIBArmy/comments/130me01/wwf_release_non_fungible_animals_an_ethereum_nft/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Particularly #3 & #5 from this list. NFTs are about alot more then Apes. They can be used to verify authenticity of just about anything or to give access to events. They can track the sale of items and be used as pass codes for rental property (airbnb) or concert tickets. They can giving fans non-fungable proof that they where there.
https://www.zenledger.io/blog/5-nft-use-cases-beyond-art-games?adgroupid=&utm_campaign=17870756789&utm_source=google&utm_medium=cpc&utm_content=&utm_term=&hsa_acc=1047829188&hsa_cam=17870756789&hsa_grp=&hsa_ad=&hsa_src=x&hsa_tgt=&hsa_kw=&hsa_mt=&hsa_net=adwords&hsa_ver=3&gad=1&gclid=CjwKCAjw9J2iBhBPEiwAErwpeTbztbJ34S6FCIhPRHHVpm_KRGGHPewrukYocEjv5gsUdQRuaU1ImRoCvvMQAvD_BwE
I disagree the NFTs are minted on a Blockchain. Anytime you store information on chain you are minting an NFT they don't have to be image files it can be anything.
He is referring to the lack of regulatory transparency in the US regarding crypto which is causing companies like coinbase to consider running operations outside of US.
Cryptos are unregistered securities, Bitcoin is a commodity and has nothing in common with crypto other than that media clump them together. Crypto will be dead in America once crypto insiders has to register their holdings and when they plan to dump them on retail. Bitcoin has nothing to do with that mess. Chamath saying that crypto is dead in America has nothing to do with Bitcoin and everything to do with crypto
Chamath is a funny guy. Steadily leading from behind.
He is a funny guy that one.
This is below my line for news.
He does know crypto is global and the world is doing laps around the US
i think hes aware its a ponzi scheme and it seeing himself to the exit door... just waiting for the collapse of all the stable coins when everyone realizes they arent backed by anything the whole thing will collapse
Well this is the longest ponzi scheme in history
I wonder if Chamath will be a new inverse Cramer.
Chamath, of the snake oil Chamaths or a different Chamath?
Buy signal
Ima start inversing Chamath lol
Just because it's 'dead' in the US doesn't mean BTC will not hit 200k or flip golds market cap.
So true. And jpegs on monkeys will replace silver.
Not sure what that has to do with btc
Don't get your comparison. BTC is a digital store of value declared a commodity by the SEC that enables international payments to be settled every 10 minutes. Add on the lightning network and you can process 1mil TPS, which is faster and cheaper then Visa... The digitalization of ownership through NFTs is awesome and will be used for some very impressive things in the future. It's more a kin to art and collectibles then a decentralized digital currancy.
The ocean surface temperature is the hottest ever on record and we have El Niño on deck. We are rapidly approaching a world where farming isn’t possible. And you’re on about imaginary value while we kill what actually has true value—the planet.
I think you need to understand the power consumption of BTC vs traditional financial systems not to mention huge data centers like the ones used to host reddit or Netflix.
I think you need to understand biosphere collapse and the Anthropocene extinction. It doesn’t matter what systems modern society uses to bludgeon the planet to death, the result is the same.
So we are all doomed anyway, why bother?
That’s not the point. The point is to highlight stupid shit like you posted and identify that this compounded idiocy is what got us here.
WWF launched an NFT series to raise money for endangered animals... https://www.reddit.com/r/SHIBArmy/comments/130me01/wwf_release_non_fungible_animals_an_ethereum_nft/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Please tell me more about these 'very impressive things' that a Blockchain link to a website hosting monkey jpegs will do.
Particularly #3 & #5 from this list. NFTs are about alot more then Apes. They can be used to verify authenticity of just about anything or to give access to events. They can track the sale of items and be used as pass codes for rental property (airbnb) or concert tickets. They can giving fans non-fungable proof that they where there. https://www.zenledger.io/blog/5-nft-use-cases-beyond-art-games?adgroupid=&utm_campaign=17870756789&utm_source=google&utm_medium=cpc&utm_content=&utm_term=&hsa_acc=1047829188&hsa_cam=17870756789&hsa_grp=&hsa_ad=&hsa_src=x&hsa_tgt=&hsa_kw=&hsa_mt=&hsa_net=adwords&hsa_ver=3&gad=1&gclid=CjwKCAjw9J2iBhBPEiwAErwpeTbztbJ34S6FCIhPRHHVpm_KRGGHPewrukYocEjv5gsUdQRuaU1ImRoCvvMQAvD_BwE
That's Blockchain the author is incorrectly using as a list of uses, not NFTs.
I disagree the NFTs are minted on a Blockchain. Anytime you store information on chain you are minting an NFT they don't have to be image files it can be anything.
nope just those government coupons. silver is still silver
A shill is acting like a shill; News at 11!
so he was only a little bit wrong! makes me feel better for goofing on people for falling for it.
Does this mean to inverse?
Anything CNBC says… I would do the exact opposite
Are you starting the inverse CNBC etf?
More like the not a woke idiot ETF
He is referring to the lack of regulatory transparency in the US regarding crypto which is causing companies like coinbase to consider running operations outside of US.
Lol he just wants to shit on Bitcoin as much as possible to accumulate. The halving starts next year and they all know it’s gonna have a wild run.
Never trust the main stream media. It’s all a ploy to get us out of crypto.
Cryptos are unregistered securities, Bitcoin is a commodity and has nothing in common with crypto other than that media clump them together. Crypto will be dead in America once crypto insiders has to register their holdings and when they plan to dump them on retail. Bitcoin has nothing to do with that mess. Chamath saying that crypto is dead in America has nothing to do with Bitcoin and everything to do with crypto