Matt Damon has to science the shit out of Crypto.com...

Discussion in 'Crypto Assets' started by Pekelo, May 2, 2022.

  1. Pekelo

    Pekelo

    ...because there is trouble in Paradise. After buying the arena naming rights to the Staple Center (for 700 MM in 20 years), and Matt's dignity didn't come cheap either, the company is dropping promised returns and locking up the apps today. More to come, stay tuned!!!

     
    BONECRUSHER and Nobert like this.
  2. NoahA

    NoahA

    More reason to self custody your Bitcoin. It will be wonderful news if true. Imagine if 1 million Bitcoin is stolen, taken offline since it can't really be used. The supply drops instantly, which makes the price spike.
     
    Baron likes this.
  3. Munger said bitcoin was stupid because it was likely to go to zero, evil because it undermines the role of the Federal Reserve and the financial system, and makes the U.S. look foolish “relative to the communist leader of China” who effectively moved to ban bitcoin.
     
  4. NoahA

    NoahA

    Oh, you mean the same evil FED that is responsible for all the wealth inequality? Do we really want to protect this institution?
     
  5. Nobert

    Nobert

    IMG_20220503_013650.jpg

    IMG_20220503_013615.jpg
     
    Last edited: May 2, 2022
    Frederick Foresight and Pekelo like this.
  6. MKTrader

    MKTrader

    Clubber Lang, M.W. and Nobert like this.
  7. Pekelo

    Pekelo

    But seriously, BTC is not high priced because of rarity. Also you have to worry about when those stolen coins coming back to the market...
     
  8. yeah its all the feds fault, its not other structural issues with poverty, lack of education, healthcare, etc
     
  9. Pekelo

    Pekelo

    It ain't over until Carlos Matos sings crtyptoooooo dot cooooooom:



    but what happened today, you may ask?:

    "They completely removed staking from their higher tier cards. And drastically slashed their rewards (especially on their lower cards - with midnight blue having no rewards, ruby reduced by 75% etc). This means it's absolutely not worth having their cards anymore, if you look at the reward to investment ratio. You're basically giving them a 0% interest loan in exchange for Netflix and Spotify."

    "There was nothing gradual about any of the reductions"

    "Their strategy was unsustainable. Hundreds of millions of dollar into marketing and having rates that are too good to be true."

    “Poorly thought-out pyramid scheme”
     
    Last edited: May 2, 2022
  10. Nobert

    Nobert

    Imagine blaming the FED for wealth inequality.

    Oh damn.

    Someone just compared the two.
     
    #10     May 2, 2022
    VicBee likes this.