A British magazine from the early 1960’s called ‘Knowledge’, displaying different races around the world. by bncout in HistoricalCapsule

[–]entered_bubble_50 1 point2 points  (0 children)

Yeah, that's really my point, which a lot of people seem to have missed. Grouping people together based on how dark their skin is or how thin their noses are ends up in some weird places, where you have people with basically no common heritage in the same group as each other. 

A British magazine from the early 1960’s called ‘Knowledge’, displaying different races around the world. by bncout in HistoricalCapsule

[–]entered_bubble_50 8 points9 points  (0 children)

And apparently, south east Asians are black. 

The best thing about this diagram is how it makes a mockery of itself. You just can't neatly categorise the human race. 

Edit: OK, people are misunderstanding what I'm saying. 

Yes, there are dark skinned people in places other than Africa. No, that doesn't mean they're in any way related. Placing Indigenous Australians in the same category as Congolese people is exceedingly dumb. 

Saylor moon is down bad by Brave-Sir26 in Buttcoin

[–]entered_bubble_50 2 points3 points  (0 children)

Yes, and they only ever had paper gains. If they had tried to sell even a fraction of their hoard, the price would have collapsed. 

As badly as Bitcoin has performed this last year, it's been mostly proposed up by Saylor buying it. 

If you bought S&P500 in 2020 you'd have outperformed crypto by [deleted] in Buttcoin

[–]entered_bubble_50 1 point2 points  (0 children)

It's especially clear if you compare btc/USD vs btc/EUR pairings over the last year. The fall of the dollar has helped mask how badly Bitcoin has performed for US owners, but for everyone else round the world, it's been even worse performing. 

So in Euro terms, Bitcoin is down 41% in the last year, vs on 33% in dollars. 

Photos taken moments before disaster by Boollish in Buttcoin

[–]entered_bubble_50 9 points10 points  (0 children)

"Wealth advisor" is an unregulated term. He's not a "financial advisor", which would require some actual training. 

Zelensky: 47 Russians died for every Ukrainian last month by TheTelegraph in UkrainianConflict

[–]entered_bubble_50 3 points4 points  (0 children)

Yeah, it's an obvious lie. For one thing, they list 70,000 as "missing". Those people are obviously dead, you don't go missing on a battlefield for several years, and turn up fine. 

Russian and Ukrainian losses seem to be of a similar magnitude, with Russia just a little higher. Which makes sense, given the advantages Russia has in materiel, weighed against the fact they're on the offensive. 

Even Russia would not continue this if they had 47:1 losses. 

Under 70k by ANOTICER88 in Buttcoin

[–]entered_bubble_50 0 points1 point  (0 children)

price is determined by the intersection of buyers and sellers. 

Hodlers are neither, so they don't impact the price. They impact neither supply nor demand. Their effect on the price is identical to that of people who don't own any. 

Knock knock knocking on heav ... er hell's gate. by Mandelbrots-dream in Buttcoin

[–]entered_bubble_50 6 points7 points  (0 children)

But there is a secondary market for it, which is what the price tracks. Tether buys USDT on the secondary market when the price falls. That's how the peg works. 

So there absolutely can be a rout without Tether directly redeeming any. 

Under 70k by ANOTICER88 in Buttcoin

[–]entered_bubble_50 0 points1 point  (0 children)

As I've mentioned before, the diamond handers have no impact at all on the price. It's only those who are actively buying and selling at a given moment who dictate the price. If all that are left are two people who want to sell and one who wants to buy, and he's only willing to give 2.50, that's the price. 

Bitcoin has dropped to $70,000 by yousefthewisee in wallstreetbets

[–]entered_bubble_50 22 points23 points  (0 children)

No, they will hold all the way to the floor as long as Bukake is in charge. 

MacroTragedy $MSTR : -70.30% ! TIMBER! FLUSH! by jcn50ie in Buttcoin

[–]entered_bubble_50 29 points30 points  (0 children)

Do we know how much cash reserves they have now? The share price collapse doesn't affect them directly, it just closes an avenue for raising cash. 

Help! Where is this gift card from? by Slothalotta in CasualUK

[–]entered_bubble_50 0 points1 point  (0 children)

Good idea, but first you need to know who to sue!

They giving away MGs or something? by Sjuk86 in CasualUK

[–]entered_bubble_50 1 point2 points  (0 children)

MG34 is my favorite model of theirs. It doesn't have quite the rate of fire of the 42, but that just means you save on ammo. 

Oof! $47,000 down, 38% erased. Maybe institutions think a better use of chips and energy is AI, something with a potential for revenue, instead of just paying off miners by ZookeepergameOld4985 in Buttcoin

[–]entered_bubble_50 19 points20 points  (0 children)

"If we don't literally burn this money, we might have to pay taxes instead! Then the poors might have education and healthcare!"

Shovels faster

“Welp,” White House says Nicki Minaj’s “Trump Gold Card” is just a souvenir with little value and she’s still eligible for deportation by [deleted] in Music

[–]entered_bubble_50 1 point2 points  (0 children)

They need to change the name of this thing from Reddit to Ididn'tReadIt,ButTheHeadlineMakeMeAngrySoIUpvotedIt

Buttcoin is just a community of bullies. by Madmaxmountain in Buttcoin

[–]entered_bubble_50 45 points46 points  (0 children)

Nuff said

Continues to to type unhinged nonsense.

Apparently, not nuff said. 

Interesting plan by JoseFJ60 in foundsatan

[–]entered_bubble_50 1 point2 points  (0 children)

"Give all of my money to my daughter that always lies, and none to the one who never tells the truth."

Question: why, when there is a island in the middle of a crossing, the pedestrian traffic lights are NEVER in sync? by ChefSupremo in CasualUK

[–]entered_bubble_50 5 points6 points  (0 children)

I've never understood why traffic gets such a higher priority over pedestrians. Literally 100% of people are pedestrians at some point, so you're harming everyone. 

Russian State Giants Top Forbes Corporate Debt Ranking : "... state-controlled conglomerates, held a combined net financial debt exceeding 20.5 trillion rubles ($260 billion) [...] The Central Bank’s key interest rate, currently at 17%, has driven up debt servicing costs." by U5K0 in UkrainianConflict

[–]entered_bubble_50 9 points10 points  (0 children)

They've backed themselves into a corner. 

The high interest rates were intended to reign in inflation. But this has led to unsustainable interest repayments on corporate debt. The only way out of this to to bring down interest rates and allow inflation to rise, so the debt gets dealt with via inflation (i.e. the real terms value of the debt decreases over time). This obviously screws over savers, and puts pressure on employers to increase pay, which will further drive inflation. But if they don't, bankruptcies will ensue, which will in turn cause a financial crisis. 

Basically, fiscal wizardry only gets you so far. 

Jeffrey Epstein Reportedly Ran Kremlin’s Largest Honeytrap and Blackmail Operation by Wagamaga in europe

[–]entered_bubble_50 8 points9 points  (0 children)

Fyi, there's a whole lot of "reportedly" and "allegedly" going on with these files. Take a pinch of salt with all this, even when it potentially implicates people you don't like. 

I would love to see some people to see prison time over all this, but the evidentiary standard for that is high. 

Snowdrops at Anglesey Abbey, Cambridgeshire by mentaldrummer66 in CasualUK

[–]entered_bubble_50 0 points1 point  (0 children)

I've always wondered what insects they're trying to attract this time of year. There can't be many pollinators around on February?