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Comment Re: Winning! (Score 1) 102

The stock market is not a zero sum game. You invest in companies that have useful economic activity, and get a share of their profits as dividends.

Fair point, but there are a lot of large and influential companies that don't pay any dividends, because they invest their profits directly into growth and development. For example Nvidia.... well, they seem to pay 0.03 % of the current stock price, so essentially zero. The only economically sensible reason to invest in them is speculation; if there's some "useful economic activity" involved, the only way you'll get a piece of it is by buying low and selling high.

With cryptocurrency, the only thing you have is capital appreciation. There is no social utility. Even commodities like gold that also aren't income producing still have industrial uses, and are not purely speculative.

Cryptocurrencies have the same utility as banks, and many banks have been working on their own blockchains for years, for example JP Morgan: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ffintechmagazine.com%2Far...

The stock market comparison is really just a side effect of what cryptocurrencies are all about, which is transferring money in ways that traditional banks can't do -- pseudonymously and independent of governments or businesses. Store of value and speculation is one thing, but you can't send NVDA shares (or gold, or tulips) across the globe with this kind of speed and freedom. Cryptocurrencies have value because they provide this service, you don't really pay just for the store of value.

Comment Re:dust (Score 1) 91

If you were using iron you might be able to get similar effects by inductive heating once you delivered them to the target area; you absolutely could destroy cells in the immediate proximity that way

Inductive heating of gold nanoparticles is a thing in cancer research, e.g. https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fpubmed.ncbi.nlm.nih.go...

Comment Re:Winning! (Score 1) 102

All money made from bitcoin was lost by someone else. The total value of winners and losers is identical. It isn't an investment where capital is used to make money. It is a legal Ponzi scheme were winners are paid for by the losers. It is just that some people don't realize they are the losers yet.

So it's just like the regular stock market.

Comment Re:Sums up the housing crisis (Score -1) 102

This is such cry-baby nonsense.

NONSENSE.

Since 2008, I have personally mentored dozens of young dudes (at no cost whatsoever, just because that's what successful people do).

I have helped poor dudes in bad neighborhoods buck up, get some side hustles, stack cash, and buy property.

You fucked yourself because you refuse to actually do someone to buy property. I don't know ANYONE, starting with even zero money, who couldn't find a nice home in just 2-3 years of saving money properly -- except the lepers in California, and fuck them anyway.

Comment Re: I know people who use Twitter (Score -1, Flamebait) 73

I would rather let Nazis speak and elect to block them myself than have an entire moderation team block everyone they disagree with.

Reddit is equally a shithole.

Heck. /. used to have a good libertarian minority and today it's nerds defending their trans kids here.

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Doubt is a pain too lonely to know that faith is his twin brother. - Kahlil Gibran

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