Everton, fan tokens and cryptocurrency

[trueblue84]

And people are never scammed out of fiat currency.....OK mate.

There's a big difference between people being scammed out of their money and the money itself being the scam.

Crypto currency has no regulation, no safeguards and no transparency. The crypto exchanges and DeFis have all had recent high profile cases of fraud. In every case, it's the people running the show. Convenient, given the lack of the above mentioned protection, eh?

 

[when i score we riot]

its obvious the everton coin is garbage,
however bitcoin and crypto are here to stay and will become mainstream!

Well, i wouldn't really take that as a given either.

Crypto advocates really take too lightly on the advance of BTC for example, going for that classic "we are most right so therefore we will win" which obviously is not how politics, power and governing works.

For the battle against fiat currency to succeed and fiat to surrender, virtually every rich person and government, i.e. the people with all the power, would have to surrender huge amounts of it to the new monetary world order. And they're obviously not going to do it voluntarily.

It's hard to fathom how much strife, bickering chaos and trouble such a change will bring with it.

 

[nikom court]

Well, i wouldn't really take that as a given either.

Crypto advocates really take too lightly on the advance of BTC for example, going for that classic "we are most right so therefore we will win" which obviously is not how politics, power and governing works.

For the battle against fiat currency to succeed and fiat to surrender, virtually every rich person and government, i.e. the people with all the power, would have to surrender huge amounts of it to the new monetary world order. And they're obviously not going to do it voluntarily.

It's hard to fathom how much strife, bickering chaos and trouble such a change will bring with it.

its already begun,governments are bricking it and trying to ban bitcoin!
when they lose control of their currency they lose power and control of their citizens.
spreading FUD about energy usage,hacking,scams,pedoes,drug dealers the mainstream media lap it all up.
billionaires and institutions are snapping it all up as soon its mined,less than 7% of supply is on exchanges,best performing asset of the last 10 years,200% year on year.
holding cash on a company balance sheet is like holding an ice cube in your hand,due to mad money printing and inflation,nearly everyday publicly traded companies are spending millions buying bitcoin!
but it might all be a tulip bubble and crash down to zero,we ll see!

 

[Kaiser Soysauce]

There's a big difference between people being scammed out of their money and the money itself being the scam.

Crypto currency has no regulation, no safeguards and no transparency. The crypto exchanges and DeFis have all had recent high profile cases of fraud. In every case, it's the people running the show. Convenient, given the lack of the above mentioned protection, eh?

Regulation or not. Keeping you crypto on cold storage with your own private keys protects you against that. Again, it's down to how you educate yourself regarding your investments. If you're ill prepared, you lose your investment. Add to that, if you are willing to jump on board a defi project without researching the white paper, you might as well send your fiat to some scammer who has just inherited 10m usd in Nigeria and needs help moving the money. Scams are prevalent everywhere regardless of regulatory bodies.

Its not all a scam.

 

[Kaiser Soysauce]

I don't doubt that financial services has a big carbon footprint, and will readily admit that while there are pledges to become net neutral in the coming decades, I will believe these pledges when I see some more meaningful action from the sector.

But, set against that, the financial services sector provides a huge amount for society and it would be impossible to imagine society functioning without it. Cryptocurrencies provide naff all for society other than for bandwagon jumpers to try and get rich in their mum's basement by kidding other gullible types that it's the best get rich quick scheme out there. All while burning through more energy than countries like Denmark and New Zealand. For nothing. When we face a climate emergency.

How can you doubt it? Millions travelling to and from work. Computers left o 24 7 just because they're designed not to be switched off? Raw materials used to mint metal coins. Plastics integrated into paper money to provide longevity of the note. Heating and cooling costs of banks and financial institutions. The amount of paper being used for reports and filing. The knock on companies such as credit checkers, credit cards, loans etc. OK, let's forget financial institutions. Car manufacturers for example. Will you not drive or take a bus because you are concerned about the environment? Do you fly abroad? Do you use plastic bags or packaging? Do you recycle?

Stating the impact on the environment to endorse your own narrative?

Forget environmental and let's look at ethical. Multi million point bonuses to bank execs during covid (and before). Public buy outs of banks etc. Defi at least moves towards power of the people.

 

[Kaiser Soysauce]

 

[ChesterBlue]

Do people actually buy any Crypto?

I thought people just talked about it as if they had a load of it, but then would never show anyone what they actually had, now have, or have made from it.

I have it, like. I have made a small fortune but I can't tell you what on, when it will next make any money, nor can I show you what I made or what I bought. I will passionately argue about it, though.

It’s a bit like a cult really. The cult of late stage capitalism, how charming

 

[nikom court]

It’s a bit like a cult really. The cult of late stage capitalism, how charming

the only cult that makes people wealthy,
its usually the other way around lol

 

[ChesterBlue]

the only cult that makes people wealthy,
its usually the other way around lol

Only humanity could be stupid enough to assign a massive value to something utterly worthless while it’s planet burns

 

[nikom court]

Only humanity could be stupid enough to assign a massive value to something utterly worthless while it’s planet burns

u ok hun?

 

[ChesterBlue]

u ok hun?

I’m fine, I just find the whole cryptocurrency thing a bit gross, and Everton’s ham-fisted attempt at getting involved with it embarrassing and disgusting.

 

[T LEAFE]

I think Everton are at the front of new ideas as usual.
Cryptos are here to stay and community tokens are the future
Everton tokens will be awesome

 

[collymcd]

Do people actually buy any Crypto?

I thought people just talked about it as if they had a load of it, but then would never show anyone what they actually had, now have, or have made from it.

I have it, like. I have made a small fortune but I can't tell you what on, when it will next make any money, nor can I show you what I made or what I bought. I will passionately argue about it, though.

Do you normally ask people for their bank statements?

 

[DuuuncanHadaPigeon]

There's a big difference between people being scammed out of their money and the money itself being the scam.

Crypto currency has no regulation, no safeguards and no transparency. The crypto exchanges and DeFis have all had recent high profile cases of fraud. In every case, it's the people running the show. Convenient, given the lack of the above mentioned protection, eh?

In those examples of fraud you mention, it is nearly always when people hand over their private keys in the form of a middleman (exchanges or bad defi projects)

Cryptocurrency was invented to remove middlemen, if you are in control of your private keys you are very very unlikely to get scammed, especially if you use cold storage

 

[PhilM]

@AndyC you're either a very bad man trying to deliberately bring pain or it's poor form here as the crypto thread is bad enough before bringing it into here.