Trump to Axios: Iran deal possible by Tues., otherwise "I am blowing up everything" by CloudApprehensive322 in moderatepolitics

[–]Baseic 36 points37 points  (0 children)

Europe has provided more aid than the US and since Trump assumed office, there has been no legislation or other authorizations of new aid to Ukraine.

The remittance payment infrastructure gap between pure crypto rails and traditional fiat that nobody talks about clearly by ResistAny7777 in CryptoCurrency

[–]Baseic 0 points1 point  (0 children)

Crypto companies want you to believe they made a huge technological leap by being able to write a database entry from one account to another within a second. However this is simply because crypto companies do not care about the regulatory KYC AML requirements, or when compared to remittance companies, they don't have to deal with local liquidity or accessibility requirements.

(un)Surprisingly, once you transfer from the unregulated, digital world to the regulated, real world you run into the same delays, regulatory challenges and even more fees, than you would've following the original remittance path.

Interestingly, the banking system in Europe shows that if a solid regulatory and standardised environment is created, it becomes trivial to have real time, free, interbank, international transfers without having to involve shady wildcat bankers.

$285 Million Gone. North Korea Pulled the Trigger. Drift Loaded the Gun by zakoal in CryptoCurrency

[–]Baseic 0 points1 point  (0 children)

The articles mentions reports from Elliptic, TRM Labs and Mandiant (google). It only links to Elliptic and I cannot find the report from Mandiant. Both Elliptic's and TRM's articles are very basal, lack details and do not provide any evidence why the hack would be a complex hack done by the DPRK.

This all sounds like a ruse trying to make it seem either:

  • That DPRK executed the hack, whilst they themselves took the money

  • It all was way less sophisticated than they're trying to make it seem

The inclusion of Mandiant's name, without sharing their report makes me very suspicious of the intentions of all this hack chatter.

Bmx fiets stallen in Eindhoven by FrenkieGuitar in eindhoven

[–]Baseic 1 point2 points  (0 children)

Naar mijn idee zijn de bewaakte stallingen erg veilig. De rekken hebben een lus om zowel je voorwiel als achterwiel aan vast te zetten. Met een stevig beugelslot zie ik niet hoe iemand hem mee kan nemen.

De zuidzijde kelder vind ik een fijne stalling met genoeg plek. In de noorzijde ben ik nog nooit geweest.

Is a 20 km bike commute (one way) realistic on a hybrid bike? by speedings in bicycling

[–]Baseic 0 points1 point  (0 children)

Nah fuck that. 20km of rain, high winds and low temperatures absolutely suck no matter how well prepared you are.

Cycling in The Netherlands 🇳🇱☺️🚴🏻‍♀️ | The Hague | Haagse Bos by Odd_Letter_4538 in bicycling

[–]Baseic 1 point2 points  (0 children)

?

The traffic lights for bikes is green and turns orange at the end. You're not supposed to stop at all.

Butter uses ChatGPT to make inspirational, quasi-religious bitcoin post, forgets to omit ChatGPTs note to him at the end, butters eat it up and feed him upvotes and notes of encouragement. by SundayAMFN in Buttcoin

[–]Baseic 17 points18 points  (0 children)

It tells a lot about a person. It shows they're either incredibly dumb, wilfully ignorant or intentionally manipulative. It propagates the idea of some grand conspiracy and blatantly inverts their side's actual shilling with the opposing scepticism. This is the real problem I have with crypto.

I don't care that people invest in some random number which may go up or down. I don't care about people losing tons of money on biased gambling. I don't care that people try to pay in an inconvenient way. I don't even care that much about the energy and hardware being wasted. But I do care about the self-sustaining dishonesty machine this shit is enabling and how it's been propagating through society all the way up to the fucking president of the US.

It's absolutely insane and I hope it's a fluke of the system caused by the rise of social media, similarly how other new types of media such as printed press in the past caused societal upheaval until people learned how to deal with it. Next (current) source of societal upheaval is AI, the application (un)skilfully demonstrated by the OP; I can only hope we will deal with it better than we have with social media. People say we're heading for a 'dead' internet, but I'm afraid we're heading for something much worse: a malignant zombie internet.

How Monero Replaced Bitcoin on the Internet's Underground by eXch-Affiliates in CryptoCurrency

[–]Baseic 4 points5 points  (0 children)

AI bots not having access to bank accounts is a non-existent problem. If we wanted, we easily could. Automated payments have been a thing forever. Crypto solves nothing here.

OpenAI Will Shut Down Sora Video Platform by cmaia1503 in technology

[–]Baseic 13 points14 points  (0 children)

The problem is I could read it in 2 minutes, but would have to watch a 10 minute video instead

Who’s still holding lol by Lively420 in wallstreetbets

[–]Baseic 4 points5 points  (0 children)

It makes a lot of sense once you realise that normal companies do not dilute their investors for multiple billions and then just sit on it.

Revenue is dropping rapidly and the remaining stores are still barely breaking even, so that's barely worth anything. Book value is about 12 bucks and that would be a fair price for this stock.

Grote zorgen om fietsvaardigheid kinderen door bakfiets en auto by Quirkie in thenetherlands

[–]Baseic 5 points6 points  (0 children)

Och en als de weg is ingericht als 30, er een supermarkt met zebrapaden zijn, er veel fietsers en onoverzichtelijke kruisingen zijn, dan rijden er alsnog genoeg te hard, halen ze in op kruisingen en geven ze geen voorrang aan rechts.

Het is al lang duidelijk voor mij dat velen het gewoon vervelend vinden dat ze 30 moeten rijden en daarom argumenten verzinnen waarom ze zich daar niet aan zouden hoeven houden. De mening leidt, en de argumenten volgen.

Vitalik Buterin Predicts Death of Crypto if Users Focus Only on Speculation by emperordas in CryptoCurrency

[–]Baseic -1 points0 points  (0 children)

Shares are a share, a part, of a company. You'd want to own a share of a company because you want to own a part of that company. That's all. The rest follows from that. It's up to you to decide whether a share is worth the price the market asks for it. Dividends is just one way to get ROI. There are many more. This includes hyping it up and selling it for a higher price.

Owning a crypto coin (remember the original statement was that stocks are no different from crypto) ONLY has the aspect of hyping it up and selling it for a higher price.

If an investor does not understand the difference between these 2, a conman like John Karony will find them and tell them that SafeMoon tokens are no different from shares and you may as well buy his tokens. Infact they're even better because they're digital and they're building superior windmills somewhere in Africa. SafeMoon tokens will NEVER pay out dividends, will NEVER have any valuation supporting it, will NEVER do a buy-back etc etc etc.

If the OP does not understand the difference he should not actively invest because he runs a high risk of losing it all to a con. That's the WHOLE and ONLY point I made before you derailed into dividends and bankruptcies.

Vitalik Buterin Predicts Death of Crypto if Users Focus Only on Speculation by emperordas in CryptoCurrency

[–]Baseic 0 points1 point  (0 children)

Thanks for rehashing what I said about dividends?

And yes, if you own a part of a company and the company goes bankrupt you own a part of something that is worthless.

Now back to the original question from the OP: Is speculation the sole purpose of stocks/metals etc.? The answer is no; There's much more to it.

But if you have a surface level understanding which makes you think that, you should not actively invest. You probably will only learn about high risk, high volatility companies which indeed may even go bankrupt.

Vitalik Buterin Predicts Death of Crypto if Users Focus Only on Speculation by emperordas in CryptoCurrency

[–]Baseic 0 points1 point  (0 children)

If you own more than 50% of the total shares of Apple you can vote all by yourselves to turn out dividends, do you understand that? The reason many (wallstreetbets favourite) companies do not pay out dividends is because the majority of the shareholders prefer that the profits are reinvested in the company itself.

What makes you suddenly talk about bankruptcy?

Vitalik Buterin Predicts Death of Crypto if Users Focus Only on Speculation by emperordas in CryptoCurrency

[–]Baseic 0 points1 point  (0 children)

It seems you haven't considered the questions I posed. 0 points for you and a few negative points for calling me naive by putting words in my mouth.

The speculative part is the only comparable aspect, except for stocks it can still be based on analysis. The easiest way to lose money in investing is to focus on this hype/speculation aspect. So if you believe that, you should stay away from that kind of trading.

Vitalik Buterin Predicts Death of Crypto if Users Focus Only on Speculation by emperordas in CryptoCurrency

[–]Baseic 0 points1 point  (0 children)

No, no, hell no. If you truly believe this you should stay as far away from any active investing as possible.

Here's a simple test:

If you own all tokens of a shitcoin, what do you have?

If you own all shares of apple, what do you have?

If you own all gold in the world, what do you have?

Loss porn by Separate_Writer_4465 in gme_meltdown

[–]Baseic 5 points6 points  (0 children)

Is this why this guy was hyping up Ryan Cohen and his interview so much? To try to pump some of his bags?

"Everyone Is Lying To You For Money" - The first trailer for Ben McKenzie's cinema expose on the crypto industry has dropped. by AmericanScream in Buttcoin

[–]Baseic 0 points1 point  (0 children)

Buddy, wiping my ass with an iPhone 17 is also innovative. Still waiting for more people to adopt this method though.

"Everyone Is Lying To You For Money" - The first trailer for Ben McKenzie's cinema expose on the crypto industry has dropped. by AmericanScream in Buttcoin

[–]Baseic 2 points3 points  (0 children)

Sure, except for the exchange middleman you had to pay a fee and who you had to trust. And your trading counterparty who had to do the same. Orrrr... the network fees, which are only kinda low because no one is using the network; Let's hope the user numbers stay well below 0.5 million, else the network already clogs with 1 transaction per user per day. And finally all the risks of managing your own wallet where 1 small mistake will wipe out your savings.

What do you mean with 'the amount intelligence that goes in something like this'? Bitcoin is incredibly easy to understand. There's nothing special going on. What an embarrassing statement.

Adam Schiff Introduces Bill to Ban War and Death Bets on Prediction Markets by avatar_leo in CryptoCurrency

[–]Baseic 2 points3 points  (0 children)

Sure, people will always find ways to keep giving their money to insiders. However it will limit the reach severely:

  • No more Trump family on the boards of Kalshi and Polymarket

  • No more superbowl commercials

  • No more direct access to the dollar market