NFT's are Fundamentally a MLM-Type Scam Designed to Get You to Buy Crypto

[Karak_Terrel]

@Aaron

Tell me exactly what you would do if your country announced BTC would be accepted to pay taxes? Keeping in mind you can turn on a computer with GPU’s and get paid BTC/Satoshis via nicehash. Would you rush to set up a nicehash mining rig?

No I would not, because I can make much more money doing other things with my time than maintaining a miner. Believe me, I looked at it it’s not profitable for me.

[Aaron]

Ok as long as whatever you’re doing is earning that’s great

Me, I’ve started dreaming about GPU’s and I window shop GPU’s for a good 20 minutes per day checking specs. LOL

[Aaron]

@Karak_Terrel

Yeah but if they can still pay it in dollars then there would be no need to use Bitcoin and hence no increased demand.

This does depend on how the BTC is generated or obtained. The guy who earned their BTC back in 2010 will get benefit from paying taxes with it since he only used a very small amount of electric to obtain the BTC.

Also Nice hash is profitable, I for one would rather earn £1 per day in crypto compared to nothing in crypto. A few of my cards only earn £0.30p per day profit after costs are paid, I’m still earning even though the margins are currently slim.

Facts are there is a way to make your fiat money work harder for you, paying for anything with BTC will always be advantageous due to there being a few ways to obtain BTC. Once my rigs are paid off then I will own a machines that generate money minus electric.

Are you sure no one is using the BTC facility to pay taxes n your country?

[Nana_Skalski]

@Karak_Terrel

you make the false assumption that the asset traded always has the same value

No, U. U make a false assumption that I didnt wrote that about someone who bought for a certain price earlier. How did you get an idea that something have a set value? It doesnt.

Res tantum valet quantum vendi potest.

[Karak_Terrel]

@Nana_Skalski

How did you get an idea that something have a set value? It doesnt.

Because your ramblings about “the greater fool” doesn’t make a lot of sense otherwise

You guys are really good at just throwing out empty statements about “it’s a scam”, “it’s a pump and dump scheme” etc. but don’t even present any rational how you came to that conclusion.

I tried to think about what your reasoning is, and I obviously failed. Maybe you really have none.

[Aaron]

@Karak_Terrel

I tried to think about what your reasoning is, and I obviously failed. Maybe you really have none.

I think the reasoning is personal. Not factual or logical.

I like when people talk straight, I’m not afraid to admit I was poor and worked myself out of poverty, this obviously affected me mentally and drove me to do better, crypto will be something I do for the rest of my life and my kids will have weekly lessons from myself on crypto mining and investing.

I know it’s hard but we have to keep a cool head in life, we must eat, exercise and sleep very well in order to have good focus.

[an675]

@Aaron

Once my rigs are paid off then I will own a machines that generate money minus electric.

Does this mean that your mining activities are currently net negative and the total amount invested hasn’t yet been recovered?

[Nana_Skalski]

Maybe they need to buy more bitcoin?

[Aaron]

Correct, I’ve not yet got back my original investment, but I am very close and happy with the rate I am earning back my original investment, I’ve certainly not seen any low value investment pay out so quickly ever.

Also my re-investment is constant and I am always buying GPU’s, I may stop buying them soon and catch up.

[Gadget_Helmsdottir]

If you want to speculate, then that’s fine - speculate.

Sometimes specualtion, guesswork, and wishful thinking is all one has to apply to a situation, but responsible researchers don’t dare take speculation as fact.

–Helpful Gadget

[Aaron]

LOL, so the fact people have invested an astronomical amount of money in it which can easily be proven, and is equal to many countries GDP is speculation?

I think you have something seriously confused and I’m having difficulty understanding what you’re saying. It’s either you explain yourself better so I can understand you or not bother directing points at me.

-Confused Aaron

Lots of money worldwide has been invested in BTC << Fact

1 x BTC will be worth £1m one day << Speculation

[Your_Awesum_Brutha]

Guys, our team is working on this super new crypto currency that will fix like world hunger and other issues. Just send me your ISK and become one of the first owners of Gank Coin!
1 000 000 000 ISK = 1 Gank Coin

[Karak_Terrel]

@Gadget_Helmsdottir

Sometimes specualtion, guesswork, and wishful thinking is all one has to apply to a situation, but responsible researchers don’t dare take speculation as fact.

So researchers are not investing into anything because they can’t see the future and dear not take a risk because that would be speculation? I’m not sure what you try to say. Is that why researchers are poor?

[Gadget_Helmsdottir]

@Aaron

… people have invested an astronomical amount of money in it which can easily be proven…

'K, I’ll call your bluff - Prove it.
Prove that it’s “astronomical”.

–Gadget waits

[Gadget_Helmsdottir]

@Karak_Terrel

So researchers are not investing into anything because they can’t see the future and dear not take a risk because that would be speculation? I’m not sure what you try to say. Is that why researchers are poor?

Good afternoon Sir and/or Ma’am.

I think you might be responding to the wrong post, because my statement has nothing to do with yours…

Thanks,
Gadget

[Karak_Terrel]

Yeah I had a migraine today and the meds made me a bit dizi. Not sure what exactly I rambled there. sorry

[Karak_Terrel]

I kind have a feeling we will see some amazing news regarding adoption of Bitcoin and LN in about two weeks

Jack Mallers

[Aaron]

So you’re asking me to prove something which is already widely public knowledge and extremely easy to confirm? I’m sorry but I struggle to understand what your overall point is and honestly I’d like to have a grown up chat and not a childish one.

Go and find the info for yourself, and if you’re not bothered to do so then I’m not sure I’m bothered to chat with you about BTC,.

If you’re not interested in Bitcoin or think it’s a scam then ignore it and get on with your life.

[Anderson_Geten]

@Karak_Terrel

But if the asset value increases and it’s not just a speculation bubble then that is no longer the case.

Yet that’s exactly the question I asked to retaaron and he was not able to tell me what was the value added by cyptocurrency.

@Karak_Terrel

Not everything is a scam, some things actually increase in value.

But until you can prove it’s not a scam, it is one.
Trust is earned, not a god-given right.

@Karak_Terrel

Also, just pretending everything is a scam is not more intelligent than constantly falling for scams. It just shows a lack of capability to figure out what’s a genuine attempt to create something useful and what isn’t. It just makes you look dumb, especially if you don’t even give a reason why it’s a scam.

It’s the opposite. Pretending anything that someone else encourage you to do is at your loss untill proven you are on the winning side is sane ; and pretending otherwise makes you look dumb and dumber.

You should play a game, called “eve online”. You may learn some things.

@Aaron

as someone who

has a sole argument of “you are in the minority so you are wrong”. That is, nothing interesting.
Someone who claims making arbitrary affirmations is the definition of logic.
Someone who claims an economical activity can be viable if it does not add value in the system.
Basically, someone who has no idea what he is talking about.

@Karak_Terrel

But just to be clear, you don’t create that money out of thin air. You put energy, hardware and labor into it. It’s awesome that you can make a profit from it, but it’s just a business like others, and if everyone would do it the margin for profit would just melt away.

This. When you don’t factor your own labor, “BTC I mine myself are free”. When you actually look at it from an economical point of view, then the benefit starts to crumble.

@Karak_Terrel

it actually can alleviate the inequality between different countries.

It actually can make dumping. That is, leveling down the human rights.

@Aaron

It’s a shame that such an intelligent person

OKAY. Now I understand why you say so many stupid things.

You are not able to make the difference between wealth and intelligence.
So for you a thief is a genius, as long as he does not get caught.

Makes sense now. You are much more stupid that I believed at first. it’s a wonder you are still able to breathe.

@Aaron

So you’re asking me to prove something which is already

It’s not. Prove it, or shut your ■■■■■■■ trap. Because you keep claiming BS all the time, I guess you have politics in your family.

[Gadget_Helmsdottir]

@Aaron

So you’re asking me to prove something which is already widely public knowledge…

If it’s public knowledge then simply supply your source.

YOU made the claim - back it up.

@Aaron

… people have invested an astronomical amount of money in it which can easily be proven…

–Gadget waits some more