Expressing the view that bitcoin will go to zero and repeatedly stating that there can't possibly be any other outcome is wayward. It's wayward because you don't have control of that. I pulled Brendan up in the other thread on this point when he went on about credibility. A credible claim Duke would be that you have conviction in bitcoin failing but that it could continue to succeed even if you put its chances of succeeding in the 'very low' category. That would be a credible claim and conviction I would say - even if I don't agree with it.
Just a note on the 'shysters'. Bitcoin as a protocol is unblemished. There may well be actors that build unethical businesses, incompetently managed businesses or scams that involve themselves with the currency in some way. Celsius is an example of a business that was at best mismanaged (whether worse than that I think we may find out with the fullness of time). What these actors do in no way compromises bitcoin itself. An individual can decide to buy and use bitcoin if they so wish - that's their decision. It's not necessary to involve crypto lenders like Celsius. Someone talking their book happens across all industries. Therefore, any individual has an obligation to themselves to act on their own information and opinion - not on anyone elses.
Ah, it's inconvenient? I'm very sorry that it's inconvenient for you, Duke. May I suggest another approach then? Be accepting of the fact that there are 'shysters' lurking in every part of the financial system. That's all you have to do. Instead, you're back to the labeling/tar and feathering - that reflects on you.
Are you for real? Did you review ALL of the examples i provided? And you don't think that you're indulging your bias by coming back with what you've tried to present as the most damage-limiting aspect of all that you could find? Not that its in order either. Do you know what the sanction is for someone making the same 'mistake' if they're registered with the SEC? They can't just say they didn't know - not that any sane person believes that to be the case! Do you know how many Fed officials have had to resign over the course of the last 12 months? Do you know how many officials have left the likes of the SEC and gone on to fat posts in the private sector - some of them who's decision making was positively adjusted prior to leaving the SEC? Get out of it, Duke.
You might as well have had as you didn't make the distinction. In the very same way, what efforts did you make to separate honest actors in the crypto/blockchain space from these 'shysters' that you talk of? None because you're taring everything and everyone within the sector with that one brush simply because you hold a different opinion.
Ok, and so that being the case, can you provide a link to the post here on AAM where you've declared that you're sick to the stomach at the horse crap that's forked out every minute on CNBC? Someone actually started a fund that takes the opposite side of Jim Kramer's claims and forecasts. It's a complete manipulation. But there won't be a word here from you on that. The usual double standards.
Where have you ever heard it said that shysters only exist in crypto?
I'm explicitly pointing out that they don't only exist in crypto.
You were explicitly saying
Are you saying that there are genuine, hard-working creative people in the Web3/crypto space building out projects with integrity?
Good Lord.
Is that a yes? (...or were you just in the middle of reciting a passage from the good book).
Embrace the Schadenfreude Duke.That was quick. Got me before I added the e to sf. Just teasing you. Bitcoin will be last woman standing, I’ll grant you that. Amazed by its recent “stability” but normal service has been restored.
On the 'death throes', I won't pose this as a question as we've been down this road before. I'll just provide the clarification.
'Death throes' suggests that it's almost kicked the bucket. Yet if I was to ask you to improve on your frequently repeated timeline for bitcoin's death (Duke's bitcoin expiry prediction has always been between now and ∞ ), you still wouldn't have the confidence to improve on " ∞ "
As per previous posts, I had maintained that we were heading into the low teens anyway. I just didn't have FTX using customer funds to support Alameda's gambling on my crypto bingo card for 2022 in getting us there!
And your point is that that last woman could be on her feet until -> ∞ or maybe some time before -> ∞