Own Cryptocurrency? Watch this. | Robert Reich

Discussion in 'Crypto Assets' started by Frederick Foresight, Sep 12, 2022.

  1. Literally everyone across social media is a douche,

    You Have to be a douche to succeed and capture attention on social media.
    And you have to look stupid and say stupid things to get reactions.

    Make the biggest shock Orgasm face you can....and make a video titled....I TRIED A BUFFET FOR THE FIRST TIME IN MY LIFE
    and watch the views and subscribers and ad revenue roll in,
     
    #11     Sep 12, 2022
  2. MarkBrown

    MarkBrown

    i have a long list of blocked posters who do this, you will also notice if they post in the forms they are always super negative. m
     
    #12     Sep 12, 2022
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  3. Reich is a dickhead much like Krugman.
     
    #13     Sep 12, 2022
    johnarb likes this.
  4. KCalhoun

    KCalhoun

    I'll say his points make sense re unregulated uninsured etc makes crypto risky. I don't agree re ponzi
     
    #14     Sep 12, 2022
  5. So the old man is implying... anything that goes up, will go down, so don't buy stonks. Just buy bonds and watch inflation eat it away.

    And pray there is no default.
     
    #15     Sep 12, 2022
  6. NoahA

    NoahA

    Interesting video, and I'm with @Sprout in that he raises lots of good points. But what I can't get over is how much time was spent talking about the corrupt banking industry. It seems that regulation, then deregulation, and then re-regulation was as much of a problem as the corrupt bankers.

    So in some ways, if we remove corrupt bankers and corrupt officials, maybe we can finally move forward. And isn't this what crypto is trying to do? To remove the rulers and just have the network enforce the rules?

    I actually really enjoy talking to deniers because once you understand their apprehension, and offer solutions, you can actually help them see the light.
     
    #16     Sep 12, 2022
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  7. NoahA

    NoahA

    And I follow Robert on twitter and enjoy his posts. He may be wrong about the solution, but isn't wrong about the problem. Regardless of where you are on the political spectrum, if you work for Amazon and have to pee in a bottle, this is not right. The democrats and Republicans keep pointing fingers at eachother, and both have valid points depending on the issue. But neither will actually solve the problem. Following Robert is good because you want to be exposed to both sides of the argument.
     
    #17     Sep 12, 2022
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  8. deaddog

    deaddog

    Isn't that what the video implies? There are no regulations or rules.
    It's the wild west. Make up the rules as you go along. Anytime you have a self regulating system it seems the little guy gets screwed. Anytime government steps into protect the little guy, the little guy gets screwed worse.
     
    #18     Sep 12, 2022
  9. NoahA

    NoahA

    Interesting how you state that when government steps in, you actually get screwed worse.

    With Bitcoin, the network has never screwed you. Some are heavily in a drawdown, some lost their keys or had them stolen, but Bitcoin hasn't personally screwed them. Central banks continue to screw me every day, and governments continue to tell me it's for my own good, shockingly.
     
    #19     Sep 12, 2022
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  10. I am well aware there is a possibility that ETH may crash down further after the merge as profit-takers do what they do best... take profits after the rumor turns into news.

    However, I'm actually counting on it to drop this point, the great-depression 2.0 is here and one thing I've learned-- don't fight the macro! If I thought that this event was pretty sure to be bullish, I'd double-down again on ETH right now. But how long do you think a bull-run will last in crypto, while Nasdaq and other markets continue to crater as time goes on? Has to run out of steam at some point... think about it! Margin calls have to be met. There is no way around this... When the calls come, EVERYTHING must go!
     
    #20     Sep 12, 2022