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SergeStorms

(20,599 posts)

5. I knew it!

Reply to WarGamer (Original post)

Tue Mar 1, 2022, 06:34 PM

Mar 2022

When cryptos didn't take any steps to block Russia, I knew they'd flock to them. That's what crypto-currencies are for, right? Criminals.

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Not surprisingly... Bitcoin is up 16% in the last week. Coincidence? [View all] WarGamer Mar 2022 OP

Ah, Bullshit coin. Latest form of snake oil. NewHendoLib Mar 2022 #1

Maybe. Maybe not. WarGamer Mar 2022 #3

Judging from the fortune being spent on ads by the rich and NewHendoLib Mar 2022 #11

It really is remarkable how much energy this "currency" consumes, isn't it? A HERETIC I AM Mar 2022 #15

Exactly, my friend! NewHendoLib Mar 2022 #17

I actually made a decent amount from BTC once upon a time JasonMain Mar 2022 #44

I suggest folks diversify before BootinUp Mar 2022 #2

Pretty sure it has been a currency for "criminals" for quite a long while n/t Claustrum Mar 2022 #4

Yep, shitloads of dirty money going the fake currency route...nt Wounded Bear Mar 2022 #6

I knew it! SergeStorms Mar 2022 #5

The "cryptos" you speak of don't control crypto. WarGamer Mar 2022 #8

Ok. tavernier Mar 2022 #16

If you want a serious answer... WarGamer Mar 2022 #24

I hope it didn't sound like a serious question. tavernier Mar 2022 #27

I think it's a significant part of the future of finance... WarGamer Mar 2022 #34

Right. SergeStorms Mar 2022 #21

Cryptos are computer programs fescuerescue Mar 2022 #47

can treasure sanction cryptocurrency? AlexSFCA Mar 2022 #7

I don't know how. WarGamer Mar 2022 #10

This is one of the few reasons I would buy crypto viva la Mar 2022 #9

Lots of millennials/Gen Z invested in crypto. It's not always shady. Wingus Dingus Mar 2022 #12

I've dabbled in it... WarGamer Mar 2022 #13

Just because parts of it is legit doesn't make all of it legit. Claustrum Mar 2022 #14

That doesn't make it a good thing to do. NewHendoLib Mar 2022 #18

Well, it's volatile, that's for sure. Wingus Dingus Mar 2022 #20

We have become a lemming society. NewHendoLib Mar 2022 #26

You might want to ask the Russians how volatile fiat money can be JCMach1 Mar 2022 #41

Russia's FSB & Central Bank: Bank of Russia Seeks to Outlaw Crypto Mining, Trading Celerity Mar 2022 #19

They'll get right on that. SergeStorms Mar 2022 #22

Moving oligarch-level money via crypto is extraordinarily hard, costly, time consuming Celerity Mar 2022 #28

I thought that was one of the major draws... SergeStorms Mar 2022 #30

I said oligarch-level money (meaning millions, and tens of millions of dollars in large blocks) nt Celerity Mar 2022 #31

Even then. SergeStorms Mar 2022 #33

Bitcoin does not make payments anonymous -- just really hard to trace Celerity Mar 2022 #36

It doesn't work that way, sorry. Cash is many magnitudes easier JCMach1 Mar 2022 #42

Cash is magnitudes easier? SergeStorms Mar 2022 #45

If you did that everyone in the world can see and track the JCMach1 Mar 2022 #46

bitcoin should be gotten rid of. rockfordfile Mar 2022 #23

At least high end video cards. WarGamer Mar 2022 #25

Bitcoin. The rich man's grift. nt Samrob Mar 2022 #29

I find it amusing D_Master81 Mar 2022 #32

I don't think you were directing that at me, lol... WarGamer Mar 2022 #35

I am pretty sure that was not directed at you at all Celerity Mar 2022 #39

:) WarGamer Mar 2022 #40

"Mankind went thousands of years with horse and buggies... TheProle Mar 2022 #37

+1. N/t obnoxiousdrunk Mar 2022 #38

Thank you, the Luddite backslapping is ignorant at best... JCMach1 Mar 2022 #43