NoXion
Craicy the Squirrel
Inching? He's already come out with the Great Reset bollocks. Just need him to come out with the White Replacement conspiracy, and I'll have Bingo.
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Inching? He's already come out with the Great Reset bollocks. Just need him to come out with the White Replacement conspiracy, and I'll have Bingo.
mojo pixy
...שלא נמצא בשמאל
Here's a guess: you're white and middle class ... the scorn of the chronic self-loather. "yacht owner". Definitely not a victim lol
"Liberal middle class scum are always full of kind life advice, but they never do as they tell you to do and their dishonesty knows no bounds."
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beesonthewhatnow
going deaf for a living
You can pay your parking tickets with an NFT as long as you sign in wet green ink with your actual family name in a maritime court, don’t you know? 
Let's not dwell on the middle classes shall we? Their powers dwindle by the day and I'm loving it, just like I love bitcoin.Here's a guess: you're white and middle class ... the scorn of the chronic self-loather. "yacht owner". Definitely not a victim lol
"Liberal middle class scum are always full of kind life advice, but they never do as they tell you to do and their dishonesty knows no bounds."
BigTom
Well-Known Member
Don't be silly. Parking tickets will become NFTs and fines will be auto applied by smart contracts, which won't know who you are or give you any mechanism for redress if you didn't purchase the optional extra smart contract insurance. Oh and any oracle is controlled by the parking company because it's their blockchain you are getting your ticket from.You can pay your parking tickets with an NFT as long as you sign in wet green ink with your actual family name in a maritime court, don’t you know?
Blockchain: giving dodgy parking operators another way to fuck you over since 2020 or whenever nfts were invented.
No need for any court anymore! Told you that fotler stuff was nonsense.
White replacement theory?
No I don't believe in that, sorry to disappoint..
I'm afraid in my cryptopian dream, people won't have to migrant to have a decent lifestyle.
Rob Ray
Weight is meaningless
You first, because clearly the middle classes are living rent-free in your head, representing everything you secretly hate about yourself.
You know, deep down, how useless your posturing and preening is. But you'll stay on here, despite knowing everyone on the thread thinks you're a sad prat, because that ego eh. That ego. Can't let it go.
This conversation has gone whack.
If you really want to stay true to anti-capitalist ideals to the extent that you are willing to impoverish yourself, the only answer is to use your money to further those ideals. No personal stake in any capital, including digital capital. No rentier profit from debt or property. Instead, money would have to be used only for community ventures. If you want to go down that route, I admire and salute you but I’m not willing to follow you. I’m too cynical about the ability of my personal actions to be more than a single droplet in the Mississippi that wants to move against the current. I’m afraid that I want to protect myself.
So assuming that (a) you are fortunate enough to have surplus income to invest; and (b) you want a retirement that isn’t dependent on society having first thrown off the twin yokes of capitalism and neoliberalism, the question becomes: what’s your best bet for investment?
In this case, I would say that your best bet has to be the one in which your ability to retire is tied to the thing that means you need the pension in the first place, namely the power structures of capitalism and neoliberalism. Capital as a whole is making profits. Ever more profit, in fact. It might someday fail to do so, at which point we’re in that world in which something has to replace capitalism — hooray. In the meantime, having a stake in the totality of the pot of capital is your best bet. And that means owning as diversified a share profile as possible/reasonable*. Those shares will pay you the profit being made by capital, which is the very income stream you can use to live on. And the income stream is exactly as reliable as the power of capital to produce its profit.
Do it that way and the actual valuation of the shares is, pragmatically, irrelevant, because you never need to sell them. But for what it’s worth, I have a share portfolio and its current value is about 5-7% less than its all time peak value (albeit actually still more than it was this time last year). Being 7% less than peak doesn’t make me feel great, even if it isn’t relevant. But given that this represents a point in time during one of the biggest financial crises the world has been through, it’s not exactly disastrous. By comparison, the current drop from peak cryptocurrency valuation is an order of magnitude higher AND, more importantly, the only way to realise value from that cryptocurrency is to sell it. It’s not providing an income. So the 70% drop is a real hit, not just a paper loss. If I were relying on selling cryptocurrency to buy things, I would genuinely be 70% poorer.
And this idea that’s since all these companies will be using blockchain in the future so you should buy cryptocurrency now — this is arse-forwards. The fact that, in the end, capital adopts useful technologies is exactly why you might as well just hold a diversified stake in capital. If the idea is good, it will become part of what you own over time anyway. If it isn’t good, there’s no harm.
So, in brief, if you can afford to invest for the long term then just hold a diversified portfolio of income-generating shares. If you need liquidity in the short term, hold cash. Don’t hold crypto at all unless you want to buy a form of lottery ticket, rather than invest.
* “reasonable” in this case reflects the need to have high-income shares as a priority, rather than necessarily just a pure index tracker
If you really want to stay true to anti-capitalist ideals to the extent that you are willing to impoverish yourself, the only answer is to use your money to further those ideals. No personal stake in any capital, including digital capital. No rentier profit from debt or property. Instead, money would have to be used only for community ventures. If you want to go down that route, I admire and salute you but I’m not willing to follow you. I’m too cynical about the ability of my personal actions to be more than a single droplet in the Mississippi that wants to move against the current. I’m afraid that I want to protect myself.
So assuming that (a) you are fortunate enough to have surplus income to invest; and (b) you want a retirement that isn’t dependent on society having first thrown off the twin yokes of capitalism and neoliberalism, the question becomes: what’s your best bet for investment?
In this case, I would say that your best bet has to be the one in which your ability to retire is tied to the thing that means you need the pension in the first place, namely the power structures of capitalism and neoliberalism. Capital as a whole is making profits. Ever more profit, in fact. It might someday fail to do so, at which point we’re in that world in which something has to replace capitalism — hooray. In the meantime, having a stake in the totality of the pot of capital is your best bet. And that means owning as diversified a share profile as possible/reasonable*. Those shares will pay you the profit being made by capital, which is the very income stream you can use to live on. And the income stream is exactly as reliable as the power of capital to produce its profit.
Do it that way and the actual valuation of the shares is, pragmatically, irrelevant, because you never need to sell them. But for what it’s worth, I have a share portfolio and its current value is about 5-7% less than its all time peak value (albeit actually still more than it was this time last year). Being 7% less than peak doesn’t make me feel great, even if it isn’t relevant. But given that this represents a point in time during one of the biggest financial crises the world has been through, it’s not exactly disastrous. By comparison, the current drop from peak cryptocurrency valuation is an order of magnitude higher AND, more importantly, the only way to realise value from that cryptocurrency is to sell it. It’s not providing an income. So the 70% drop is a real hit, not just a paper loss. If I were relying on selling cryptocurrency to buy things, I would genuinely be 70% poorer.
And this idea that’s since all these companies will be using blockchain in the future so you should buy cryptocurrency now — this is arse-forwards. The fact that, in the end, capital adopts useful technologies is exactly why you might as well just hold a diversified stake in capital. If the idea is good, it will become part of what you own over time anyway. If it isn’t good, there’s no harm.
So, in brief, if you can afford to invest for the long term then just hold a diversified portfolio of income-generating shares. If you need liquidity in the short term, hold cash. Don’t hold crypto at all unless you want to buy a form of lottery ticket, rather than invest.
* “reasonable” in this case reflects the need to have high-income shares as a priority, rather than necessarily just a pure index tracker
gosub
~#
Saw them for in Zagreb (for the first time) enjoyed it. It was like watching a sectioned Pet Shop Boys
littlebabyjesus
one of Maxwell's demons
I saw them at All Points East on Sunday. They were ace.
APE is sponsored by cryptofuckers now, of course.
He finished Elocution with 'cunt just like me'. Nothing mad about the Sleaford Mods. It's the world that's mad.
Supine
Newt Member
Good post. It’s not going to help staker get rich with Ethereum though, so he won’t like it.
beesonthewhatnow
going deaf for a living
Blockchain. BLOCK as in block and tackle, CHAIN as in anchor chains. Maritime law! Don’t stand under it! Freedom from bills!
JOIN THE DOTS.
mojo pixy
...שלא נמצא בשמאל
jokes aside, crypto is as bourgeois as anything that exists. More, actually.
Sorry to disappoint you, but immigration won't be an issue in cryptopia because no one will be have to migrate just to earn a decent living.
No one would want to leave their loved ones in warmer places for these rainswept shores.
Crypto liberates everyone.
Are you going to post proof of that rather laughable claim?
Complete and utter bullshit from you as usual.
Tomorrow afternoon / evening, I'll post up scores of uses no one on here has even disputed let alone debunked.
Storm Fox
Trying the find the next noun to verb
Can you post some of those 20 line smart contracts too?
You clearly have ignored the point I was making.
You want smart contracts regulated.
When do they need to be regulated?
20 lines? 50 lines?
Does ”hello world” need to be regulated?
Storm Fox
Trying the find the next noun to verb
You stated that Smart Contract are 20 lines.
Here you seem pretty sure that they are around 20 lines and not 100 times that size which seems average. So the very basis of Smart Contracts. In finance, everything is regulated and documented whether small or large.
What part of fucking "blank canvas" are you having a problem with?
You want direct legalization for smart contracts.
You can explain how that would work.
Thanks.
beesonthewhatnow
going deaf for a living
What the actual fuck is this shit
q_w_e_r_t_y
You see an investment scam and I see divinity
Nah, you can have a 20 line smart contract, it just wouldnt actually do much.
200-500 lines of code is typical from what I've seen, but then the annotations (bits between the code telling you what the code does) can take that up into the thousands. If the code of a contract is thousands of lines long, it would probably be better practice to split it into two and have one call the other.
mojo pixy
...שלא נמצא בשמאל
Right after you show how crypto is a victory for the working class
Great isn't it?
Yossarian
⏭️
Fuck knows, I drifted away from this thread when StakerOne started posted prolifically because his early posts reminded of the few cryptocurrency enthusiasts I know in real life - good-natured, but long-winded, a little obsessive, and ultimately kind of tedious and wrong about almost everything, and I didn't think it was going to be worth reading.
A few weeks later and we've got this utter fucking madness going on - did Urban do this to him or was he like this all along?
The true believers are all like this underneath because this right-wing libertarianism is the ideology that lies at the heart of the whole crypto system. Economics is the weaponisation of politics, and the politics being weaponised here was always explicitly and plainly that of individuals’ property rights above all else.A few weeks later and we've got this utter fucking madness going on - did Urban do this to him or was he like this all along?
beesonthewhatnow
going deaf for a living
No, you’re a fucking libertarian loon.
NoXion
Craicy the Squirrel
Contract law is a thing. It doesn't stop being a thing just because the contracts are supposedly "smart".
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