/biz/ - Business & Finance

Cryptocurrencies will bring about a worse financial meltdown than the one they were born from." -Prof. Feynman

The plan for all cryptocurrencies isn't what they want to make you think it is. It's more sinister than the egalitarian image the crypto boys portray for it.

After the 2008 financial meltdown, cryptocurrencies were born out of it, declared to be the means by which people could be freed from banks/governments, and promised to avoid any such future meltdowns from happening ever again.

But the crypto boys watched closely the result of that meltdown, and formulated their plan: create a new form of currency, and for it a new financial system detached from traditional ones (those burdened by "governments and regulations") - they called it "DeFi" for "Decentralized Finance", but its dirty little secret is that it's really "Deregulated Finance".

Their plan is to make this new money be adopted by the masses, so they start it off with a low price, then gradually increase it, by virtue of them just pulling numbers out of thin air for its value, until it catches the attention of the masses - then it gets more and more "valuable" from the collective faith of its given value ("network effect"), until traditional institutions and the typical "1%" billionaires start to notice and, greedy as they are, want in on the action too.

So now those that got in at the ground floor have gained all this "value" out of thin air, and once they're ready, they'll pull out all pretty much at once - that it'll create a sell-off panic, and a new meltdown is born! And because of their "De[regulated]Fi" system, the bros have already shifted all the risks away from themselves onto others, so they'll make out like bandits, leaving everyone else to "hodl" the bag.

All this email shit did was increase the relation of literal bots to genuine people. Before, there were at least people so you could overlook the bots but now it's so dead that there are threads where the majority of posts are spam. And no I'm not counting every shitcoin shill as a bot. Shitcoin shills at least try to fit in with the context and hold a funny conversation.

>>58267048
he specifically is a faggot that isnt worth the time, but i reply for any newfag lurkers that may genuinely want the info or reassurance
i see his posts as throwaway examples of purely emotional investing which you can use to make a point
nigga is a specimen

>>58084358
It's low fees only came from not being used. Base only has up to 35 tps. Fantom after the sonic upgrade will be the chain to finally solve this scalability issue where people flock to a chain because it's cheap and then fees become expensive with more transactions. Fantom will reach max 10k tps, making gas fees and congestion a thing of the past

>>58044163
>the one the market making cabal decided to pump
its that
if you use crypto twitter, all the normiefaggot influencers with hundreds of thousands of followers all started spamming this gay shit at the same time
its insanely obvious but also effective because theyre dumb but have connections
its peak normie
thus
>>58044213
this is correct
just find these freaks and study them for a while to find out what to do and act upon it

>>58037909
I would support Apu, but I don't want to spend gas on ETH so I bought some food pepes on base

>>58036120
yes
and they will be

>>58017440
make it? who knows
a 6m bag reaching 7 or high 6 figures is a very real possibility, and you can always tether and wait to accumulate something like btc or eth during the next bear

>>57875818
my price target is when i have a bajillion dollars

>>57869401
I made that pepe collection

Shorting the fruit market has only yielded negative returns according to data from the last five years

i dont care that we went up 10x
this 20% dump is UNACCEPTABLE, and i WILL be contacting my lawyers
i WILL have a handwritten apology and notice of a refund on my desk by this afternoon
capeesh?

grapes you can make wine and they are delicious to eat

>>57743157
web3 game projects perform surprisingly well in this market, and this is the best idea for a web3 gaming project ive seen yet.
i agree that the average gamer thinks web3 gaming shit is retarded, but clearly the audience for it DOES exist
thinking aviator arcade wont do well seems to be entirely rooted in the belief that web3 gaming, in general, wont do well- which is demonstrably false.
but i also agree that, at least for now, skybridge is the most exciting part since itll be incredibly useful for basechain and will be somewhat of a display of what the team is capable of pulling off

>>57731993
ive had a resistance drawn at 0.0021 for a while now and we've been pressed right up against it, time to see if we either ride up to 25mil fdv or go back to crabbing

>>57728852
Nigger.

>>57713358
everything after snes is garbage