It looks like the bubble has burst on bitcoin.

Google search of bitcoin crash

KJW said:

It looks like the bubble has burst on bitcoin.

Google search of bitcoin crash

News a few days ago warned that it was going to happen. News tonight is that it probably has.

I have no idea why anyone should trust such a fake currency.

mollwollfumble said:

I have no idea why anyone should trust such a fake currency.

I read somewhere it was suggested that the amount of bitcoin (and other cryptocurrency) is a measure of the amount of money laundering.

mollwollfumble said:

I have no idea why anyone should trust such a fake currency.

Criminals like it (e.g. it is demanded as the form of payment in ransomware attacks) because of its anonymity.

News articles about bitcoin often include an image of a coin. Is this an actual thing, or just an agreed graphic to represent a Bitcoin?

I wonder if that couple previously posted managed to get all their superannuation into Bitcoin?

There is a story about a stockbroker in the great crash who got out because shoe shine boys were giving stock tips and buying stocks.

I think it is an agreed graphic interpretation. It seems to have been around as long as bitcoin has.

Read an interesting article about this a couple of days ago. Bloke drew parallels to the DotCom collapse and discussed the importance of taking your eye off the dollars and using risk control strategies to limit ‘Regret Management’ – that is, taking the path of least regret. Seemed very smart to me.

Rule 303 said:

…using risk control strategies to limit ‘Regret Management’ – that is, taking the path of least regret. Seemed very smart to me.

Another way of saying ‘don’t invest more than you can afford to lose’.

captain_spalding said:

Rule 303 said:

…using risk control strategies to limit ‘Regret Management’ – that is, taking the path of least regret. Seemed very smart to me.

Another way of saying ‘don’t invest more than you can afford to lose’.

He was focusing more on when to pull out of a fast-rising market, I think. Pull out too early and you’ll be regretting the money you could have made, pull out too late and you’ll be regretting the money you had and lost.

His strategy seemed to be to pull out chunks at pre-determined intervals. You might, for example, pull out 75% when the money is sufficient to meet your goals, and leave the other 25% to see what happens, thus limiting your ‘regret’ exposure.

pump and dump

pump and dump

pump and dump

the major players pump the value up then sell it for top dollar

the arse falls out of bitcoin and they buy them up for less

see how it works?

Crypto-Bros be Pissed:

…

Crypto anger as investors claim insider trading in $600b Trump crash
By Eir Nolsoe
October 13, 2025 — 5.49am

There is growing anger among crypto investors after reports claimed that an anonymous investor made up to $US200 million ($309 million) by betting that the world’s two biggest digital currencies would fall.

Around $US400 billion was wiped off the value of the crypto market in a span of less than 24 hours after Mr Trump late on Friday promised to impose steep new levies on Chinese imports within weeks, reigniting the trade war between the two countries.

It has been alleged the trader lodged their so-called short position in Bitcoin and Ether, betting on their falls, around 30 minutes before the US president announced plans to levy fresh tariffs on China. The price of Bitcoin, the biggest cryptocurrency, then tumbled by more than 10 per cent.

The timing of the investor’s short position has since raised questions over whether they were privy to inside information from the White House.

Joshua de Vos, of CoinDesk, an industry data provider and publication, said: “The timing and scale of the positions opened on October 10, immediately prior to the market-wide liquidation, does raise suspicion of information asymmetry.”

‘Information asymmetry’
“While there is no conclusive evidence of insider trading, the wallet activity shows strong, directional conviction.”

Traders using borrowed money to bet on Bitcoin and other digital currencies lost a record $US19 billion on Friday night. The scale of the losses is more than double the next biggest single-day loss in 2021, when the market took an $US8.5 billion hit.

The hardest-hit speculators had used borrowed money to bet on price moves, in what is known as leveraged trading. Sharp slumps in the price of digital currencies triggered crushing losses on these trades as positions were wiped out.

Cryptocurrencies have struggled to recover since Trump’s announcement, with Bitcoin still down by 8.5 per cent from Friday, while Ethereum was also trading 12.8 per cent lower. Dogecoin is down 26.3 per cent.

The US president’s unexpected tariffs threat was in retaliation to China’s decision to introduce new export controls on global supplies of rare earths and critical minerals, which was announced just days earlier.

However, Beijing appears to have softened its stance over the weekend, with some investment experts questioning whether the market sell-off was triggered by a brief geopolitical misunderstanding.

Meanwhile, the latest bout of scrutiny comes after Trump’s administration was also caught up in claims of insider trading back in April. Several Democrats called for an inquiry after the president’s “Liberation Day” tariffs announcement on April 2 sent stocks plunging around the world, only to swiftly recover after he announced a pause.

At the time, Elizabeth Warren, a Democratic senator, wrote a letter to the Securities and Exchange Commission urging it to investigate whether Trump’s tariffs about-turn had “enriched administration insiders and friends at the expense of the American public”.

Senior White House officials have repeatedly denied claims of insider trading. It comes as global policymakers and finance ministers gather in Washington this week to attend the International Monetary Fund (IMF) autumn summit.

Worries about a looming stock market correction sparked by an AI bubble are expected to dominate at the meetings.

Kristalina Georgieva, the IMF managing director, warned on Wednesday ahead of the meetings that things could get ugly quickly, with the market bearing echoes of the dotcom bubble.

“Valuations are heading toward levels we saw during the bullishness about the internet 25 years ago,” she said.

“If a sharp correction were to occur, tighter financial conditions could drag down world growth, expose vulnerabilities, and make life especially tough for developing countries.”

The Bank of England issued a similar warning last week, questioning whether tech stocks could live up to extremely high valuations. Such concerns are compounded by investors dumping shares in the world’s largest money managers over fears that their $US3 trillion push into private credit is headed for trouble.

The Telegraph, London

Witty Rejoinder said:

Crypto-Bros be Pissed:

…

Crypto anger as investors claim insider trading in $600b Trump crash
By Eir Nolsoe
October 13, 2025 — 5.49am

There is growing anger among crypto investors after reports claimed that an anonymous investor made up to $US200 million ($309 million) by betting that the world’s two biggest digital currencies would fall.

Around $US400 billion was wiped off the value of the crypto market in a span of less than 24 hours after Mr Trump late on Friday promised to impose steep new levies on Chinese imports within weeks, reigniting the trade war between the two countries.

It has been alleged the trader lodged their so-called short position in Bitcoin and Ether, betting on their falls, around 30 minutes before the US president announced plans to levy fresh tariffs on China. The price of Bitcoin, the biggest cryptocurrency, then tumbled by more than 10 per cent.

The timing of the investor’s short position has since raised questions over whether they were privy to inside information from the White House.

Joshua de Vos, of CoinDesk, an industry data provider and publication, said: “The timing and scale of the positions opened on October 10, immediately prior to the market-wide liquidation, does raise suspicion of information asymmetry.”

‘Information asymmetry’
“While there is no conclusive evidence of insider trading, the wallet activity shows strong, directional conviction.”

Traders using borrowed money to bet on Bitcoin and other digital currencies lost a record $US19 billion on Friday night. The scale of the losses is more than double the next biggest single-day loss in 2021, when the market took an $US8.5 billion hit.

The hardest-hit speculators had used borrowed money to bet on price moves, in what is known as leveraged trading. Sharp slumps in the price of digital currencies triggered crushing losses on these trades as positions were wiped out.

Cryptocurrencies have struggled to recover since Trump’s announcement, with Bitcoin still down by 8.5 per cent from Friday, while Ethereum was also trading 12.8 per cent lower. Dogecoin is down 26.3 per cent.

The US president’s unexpected tariffs threat was in retaliation to China’s decision to introduce new export controls on global supplies of rare earths and critical minerals, which was announced just days earlier.

However, Beijing appears to have softened its stance over the weekend, with some investment experts questioning whether the market sell-off was triggered by a brief geopolitical misunderstanding.

Meanwhile, the latest bout of scrutiny comes after Trump’s administration was also caught up in claims of insider trading back in April. Several Democrats called for an inquiry after the president’s “Liberation Day” tariffs announcement on April 2 sent stocks plunging around the world, only to swiftly recover after he announced a pause.

At the time, Elizabeth Warren, a Democratic senator, wrote a letter to the Securities and Exchange Commission urging it to investigate whether Trump’s tariffs about-turn had “enriched administration insiders and friends at the expense of the American public”.

Senior White House officials have repeatedly denied claims of insider trading. It comes as global policymakers and finance ministers gather in Washington this week to attend the International Monetary Fund (IMF) autumn summit.

Worries about a looming stock market correction sparked by an AI bubble are expected to dominate at the meetings.

Kristalina Georgieva, the IMF managing director, warned on Wednesday ahead of the meetings that things could get ugly quickly, with the market bearing echoes of the dotcom bubble.

“Valuations are heading toward levels we saw during the bullishness about the internet 25 years ago,” she said.

“If a sharp correction were to occur, tighter financial conditions could drag down world growth, expose vulnerabilities, and make life especially tough for developing countries.”

The Bank of England issued a similar warning last week, questioning whether tech stocks could live up to extremely high valuations. Such concerns are compounded by investors dumping shares in the world’s largest money managers over fears that their $US3 trillion push into private credit is headed for trouble.

The Telegraph, London

I hate Bitcoin AMAA, but I don’t get this. Surely tariffs going up would be expected to reduce the value of the stock market, which depends on trade in real good, which if anything would tend to increase the price of Bitcoin and friends, which depend on trade in long numbers, which do not have tariffs.

The Rev Dodgson said:

Witty Rejoinder said:

Crypto-Bros be Pissed:

…

Crypto anger as investors claim insider trading in $600b Trump crash
By Eir Nolsoe
October 13, 2025 — 5.49am

There is growing anger among crypto investors after reports claimed that an anonymous investor made up to $US200 million ($309 million) by betting that the world’s two biggest digital currencies would fall.

Around $US400 billion was wiped off the value of the crypto market in a span of less than 24 hours after Mr Trump late on Friday promised to impose steep new levies on Chinese imports within weeks, reigniting the trade war between the two countries.

It has been alleged the trader lodged their so-called short position in Bitcoin and Ether, betting on their falls, around 30 minutes before the US president announced plans to levy fresh tariffs on China. The price of Bitcoin, the biggest cryptocurrency, then tumbled by more than 10 per cent.

The timing of the investor’s short position has since raised questions over whether they were privy to inside information from the White House.

Joshua de Vos, of CoinDesk, an industry data provider and publication, said: “The timing and scale of the positions opened on October 10, immediately prior to the market-wide liquidation, does raise suspicion of information asymmetry.”

‘Information asymmetry’
“While there is no conclusive evidence of insider trading, the wallet activity shows strong, directional conviction.”

Traders using borrowed money to bet on Bitcoin and other digital currencies lost a record $US19 billion on Friday night. The scale of the losses is more than double the next biggest single-day loss in 2021, when the market took an $US8.5 billion hit.

The hardest-hit speculators had used borrowed money to bet on price moves, in what is known as leveraged trading. Sharp slumps in the price of digital currencies triggered crushing losses on these trades as positions were wiped out.

Cryptocurrencies have struggled to recover since Trump’s announcement, with Bitcoin still down by 8.5 per cent from Friday, while Ethereum was also trading 12.8 per cent lower. Dogecoin is down 26.3 per cent.

The US president’s unexpected tariffs threat was in retaliation to China’s decision to introduce new export controls on global supplies of rare earths and critical minerals, which was announced just days earlier.

However, Beijing appears to have softened its stance over the weekend, with some investment experts questioning whether the market sell-off was triggered by a brief geopolitical misunderstanding.

Meanwhile, the latest bout of scrutiny comes after Trump’s administration was also caught up in claims of insider trading back in April. Several Democrats called for an inquiry after the president’s “Liberation Day” tariffs announcement on April 2 sent stocks plunging around the world, only to swiftly recover after he announced a pause.

At the time, Elizabeth Warren, a Democratic senator, wrote a letter to the Securities and Exchange Commission urging it to investigate whether Trump’s tariffs about-turn had “enriched administration insiders and friends at the expense of the American public”.

Senior White House officials have repeatedly denied claims of insider trading. It comes as global policymakers and finance ministers gather in Washington this week to attend the International Monetary Fund (IMF) autumn summit.

Worries about a looming stock market correction sparked by an AI bubble are expected to dominate at the meetings.

Kristalina Georgieva, the IMF managing director, warned on Wednesday ahead of the meetings that things could get ugly quickly, with the market bearing echoes of the dotcom bubble.

“Valuations are heading toward levels we saw during the bullishness about the internet 25 years ago,” she said.

“If a sharp correction were to occur, tighter financial conditions could drag down world growth, expose vulnerabilities, and make life especially tough for developing countries.”

The Bank of England issued a similar warning last week, questioning whether tech stocks could live up to extremely high valuations. Such concerns are compounded by investors dumping shares in the world’s largest money managers over fears that their $US3 trillion push into private credit is headed for trouble.

The Telegraph, London

I hate Bitcoin AMAA, but I don’t get this. Surely tariffs going up would be expected to reduce the value of the stock market, which depends on trade in real good, which if anything would tend to increase the price of Bitcoin and friends, which depend on trade in long numbers, which do not have tariffs.

It’s hard to keep up on what the market now thinks crypto coins are useful for with past claims that it is a safe haven asset like the USD or a hedge against inflation like gold not holding water.

Someone else might be able to explain the latest market temper tantrum better than I can.

Witty Rejoinder said:

The Rev Dodgson said:

Witty Rejoinder said:

Crypto-Bros be Pissed:

…

Crypto anger as investors claim insider trading in $600b Trump crash
By Eir Nolsoe
October 13, 2025 — 5.49am

There is growing anger among crypto investors after reports claimed that an anonymous investor made up to $US200 million ($309 million) by betting that the world’s two biggest digital currencies would fall.

Around $US400 billion was wiped off the value of the crypto market in a span of less than 24 hours after Mr Trump late on Friday promised to impose steep new levies on Chinese imports within weeks, reigniting the trade war between the two countries.

It has been alleged the trader lodged their so-called short position in Bitcoin and Ether, betting on their falls, around 30 minutes before the US president announced plans to levy fresh tariffs on China. The price of Bitcoin, the biggest cryptocurrency, then tumbled by more than 10 per cent.

The timing of the investor’s short position has since raised questions over whether they were privy to inside information from the White House.

Joshua de Vos, of CoinDesk, an industry data provider and publication, said: “The timing and scale of the positions opened on October 10, immediately prior to the market-wide liquidation, does raise suspicion of information asymmetry.”

‘Information asymmetry’
“While there is no conclusive evidence of insider trading, the wallet activity shows strong, directional conviction.”

Traders using borrowed money to bet on Bitcoin and other digital currencies lost a record $US19 billion on Friday night. The scale of the losses is more than double the next biggest single-day loss in 2021, when the market took an $US8.5 billion hit.

The hardest-hit speculators had used borrowed money to bet on price moves, in what is known as leveraged trading. Sharp slumps in the price of digital currencies triggered crushing losses on these trades as positions were wiped out.

Cryptocurrencies have struggled to recover since Trump’s announcement, with Bitcoin still down by 8.5 per cent from Friday, while Ethereum was also trading 12.8 per cent lower. Dogecoin is down 26.3 per cent.

The US president’s unexpected tariffs threat was in retaliation to China’s decision to introduce new export controls on global supplies of rare earths and critical minerals, which was announced just days earlier.

However, Beijing appears to have softened its stance over the weekend, with some investment experts questioning whether the market sell-off was triggered by a brief geopolitical misunderstanding.

Meanwhile, the latest bout of scrutiny comes after Trump’s administration was also caught up in claims of insider trading back in April. Several Democrats called for an inquiry after the president’s “Liberation Day” tariffs announcement on April 2 sent stocks plunging around the world, only to swiftly recover after he announced a pause.

At the time, Elizabeth Warren, a Democratic senator, wrote a letter to the Securities and Exchange Commission urging it to investigate whether Trump’s tariffs about-turn had “enriched administration insiders and friends at the expense of the American public”.

Senior White House officials have repeatedly denied claims of insider trading. It comes as global policymakers and finance ministers gather in Washington this week to attend the International Monetary Fund (IMF) autumn summit.

Worries about a looming stock market correction sparked by an AI bubble are expected to dominate at the meetings.

Kristalina Georgieva, the IMF managing director, warned on Wednesday ahead of the meetings that things could get ugly quickly, with the market bearing echoes of the dotcom bubble.

“Valuations are heading toward levels we saw during the bullishness about the internet 25 years ago,” she said.

“If a sharp correction were to occur, tighter financial conditions could drag down world growth, expose vulnerabilities, and make life especially tough for developing countries.”

The Bank of England issued a similar warning last week, questioning whether tech stocks could live up to extremely high valuations. Such concerns are compounded by investors dumping shares in the world’s largest money managers over fears that their $US3 trillion push into private credit is headed for trouble.

The Telegraph, London

I hate Bitcoin AMAA, but I don’t get this. Surely tariffs going up would be expected to reduce the value of the stock market, which depends on trade in real good, which if anything would tend to increase the price of Bitcoin and friends, which depend on trade in long numbers, which do not have tariffs.

It’s hard to keep up on what the market now thinks crypto coins are useful for with past claims that it is a safe haven asset like the USD or a hedge against inflation like gold not holding water.

Someone else might be able to explain the latest market temper tantrum better than I can.

Explain more confidently, quite likely.

Explain better, I doubt.

oh

SCIENCE said:

oh

So will it be nice and symmetrical, or will it plunge to nothing quicker than a Dutch tulip?

Divine Angel said:

The Rev Dodgson said:

Bitcoin still in steady decline:

So’s ETH, which is a problem for the Divine Mutant family.

don’t worry everyone else will soon be swimming

MooMoo Australia analyst Michael McCarthy said it was unusual to see so many markets collapse at the same time. “Panic is spreading,” he said, adding that tech shares were being hit hard. “The combination of so markets falling at the same time is unnerving investors.” McCarthy told ABC News he wouldn’t be surprised to see a market meltdown at some point over the next few trading days.

guess the 爱 hyperbolisers couldn’t convince enough people that stealing 叶 to produce csam and talk shit were worth the next 10 years of RAM production plus 2/3 of the potable water supply plus an extra current world production of electricity on top of current usage

SCIENCE said:

Divine Angel said:

The Rev Dodgson said:

Bitcoin still in steady decline:

So’s ETH, which is a problem for the Divine Mutant family.

don’t worry everyone else will soon be swimming

MooMoo Australia analyst Michael McCarthy said it was unusual to see so many markets collapse at the same time. “Panic is spreading,” he said, adding that tech shares were being hit hard. “The combination of so markets falling at the same time is unnerving investors.” McCarthy told ABC News he wouldn’t be surprised to see a market meltdown at some point over the next few trading days.

guess the 爱 hyperbolisers couldn’t convince enough people that stealing 叶 to produce csam and talk shit were worth the next 10 years of RAM production plus 2/3 of the potable water supply plus an extra current world production of electricity on top of current usage

What has foliage got to do with it?

Michael V said:

SCIENCE said:

Divine Angel said:

So’s ETH, which is a problem for the Divine Mutant family.

don’t worry everyone else will soon be swimming

MooMoo Australia analyst Michael McCarthy said it was unusual to see so many markets collapse at the same time. “Panic is spreading,” he said, adding that tech shares were being hit hard. “The combination of so markets falling at the same time is unnerving investors.” McCarthy told ABC News he wouldn’t be surprised to see a market meltdown at some point over the next few trading days.

guess the 爱 hyperbolisers couldn’t convince enough people that stealing 叶 to produce csam and talk shit were worth the next 10 years of RAM production plus 2/3 of the potable water supply plus an extra current world production of electricity on top of current usage

What has foliage got to do with it?

Bitcoin miners were buying up all the GPU’s a few years
What a misuse of something for gaming and photoshop type activities.

Cymek said:

Michael V said:

SCIENCE said:

don’t worry everyone else will soon be swimming

MooMoo Australia analyst Michael McCarthy said it was unusual to see so many markets collapse at the same time. “Panic is spreading,” he said, adding that tech shares were being hit hard. “The combination of so markets falling at the same time is unnerving investors.” McCarthy told ABC News he wouldn’t be surprised to see a market meltdown at some point over the next few trading days.

guess the 爱 hyperbolisers couldn’t convince enough people that stealing 叶 to produce csam and talk shit were worth the next 10 years of RAM production plus 2/3 of the potable water supply plus an extra current world production of electricity on top of current usage

What has foliage got to do with it?

Bitcoin miners were buying up all the GPU’s a few years
What a misuse of something for gaming and photoshop type activities.

sorry we were punning in another common language spoken by immigrants from CHINA in Australia, in which 叶 is pronounced “IP” and so 叶问 could be interpreted as a defender of intellectual property rights, or a world wide web warrior over the subnets

SCIENCE said:

Cymek said:

Michael V said:

What has foliage got to do with it?

Bitcoin miners were buying up all the GPU’s a few years
What a misuse of something for gaming and photoshop type activities.

sorry we were punning in another common language spoken by immigrants from CHINA in Australia, in which 叶 is pronounced “IP” and so 叶问 could be interpreted as a defender of intellectual property rights, or a world wide web warrior over the subnets

Ah. Too complicated and subtle for me to figure out.

Thanks for explaining.

Michael V said:

SCIENCE said:

Cymek said:

Bitcoin miners were buying up all the GPU’s a few years
What a misuse of something for gaming and photoshop type activities.

sorry we were punning in another common language spoken by immigrants from CHINA in Australia, in which 叶 is pronounced “IP” and so 叶问 could be interpreted as a defender of intellectual property rights, or a world wide web warrior over the subnets

Ah. Too complicated and subtle for me to figure out.

Thanks for explaining.

nah that’s the thing about in-jokes within groups that get transplanted elsewhere, there’s much background that needs coverage

when the movie came out and we spoke with some of our associates*, some of them told us they really thought it was a superhero film about the internet / local networks, and others told us they thought it was about lawyers heroically defending artists and the like

*: you can think of them as friends if we actually had any

so now when we think about intellectual property, it brings up these nostalgic memories and crosslinguistic entertainment, a bit like how we refer to 人工智能 as love

SCIENCE said:

Michael V said:

SCIENCE said:

Cymek said:

Michael V said:

SCIENCE said:

don’t worry everyone else will soon be swimming

MooMoo Australia analyst Michael McCarthy said it was unusual to see so many markets collapse at the same time. “Panic is spreading,” he said, adding that tech shares were being hit hard. “The combination of so markets falling at the same time is unnerving investors.” McCarthy told ABC News he wouldn’t be surprised to see a market meltdown at some point over the next few trading days.

guess the 爱 hyperbolisers couldn’t convince enough people that stealing 叶 to produce csam and talk shit were worth the next 10 years of RAM production plus 2/3 of the potable water supply plus an extra current world production of electricity on top of current usage

What has foliage got to do with it?

Bitcoin miners were buying up all the GPU’s a few years
What a misuse of something for gaming and photoshop type activities.

sorry we were punning in another common language spoken by immigrants from CHINA in Australia, in which 叶 is pronounced “IP” and so 叶问 could be interpreted as a defender of intellectual property rights, or a world wide web warrior over the subnets

Ah. Too complicated and subtle for me to figure out.

Thanks for explaining.

nah that’s the thing about in-jokes within groups that get transplanted elsewhere, there’s much background that needs coverage

when the movie came out and we spoke with some of our associates*, some of them told us they really thought it was a superhero film about the internet / local networks, and others told us they thought it was about lawyers heroically defending artists and the like

*: you can think of them as friends if we actually had any

so now when we think about intellectual property, it brings up these nostalgic memories and crosslinguistic entertainment, a bit like how we refer to 人工智能 as love

note that we do appreciate your new leaf Turner reference over there though

SCIENCE said:

Michael V said:

SCIENCE said:

sorry we were punning in another common language spoken by immigrants from CHINA in Australia, in which 叶 is pronounced “IP” and so 叶问 could be interpreted as a defender of intellectual property rights, or a world wide web warrior over the subnets

Ah. Too complicated and subtle for me to figure out.

Thanks for explaining.

nah that’s the thing about in-jokes within groups that get transplanted elsewhere, there’s much background that needs coverage

when the movie came out and we spoke with some of our associates*, some of them told us they really thought it was a superhero film about the internet / local networks, and others told us they thought it was about lawyers heroically defending artists and the like

*: you can think of them as friends if we actually had any

so now when we think about intellectual property, it brings up these nostalgic memories and crosslinguistic entertainment, a bit like how we refer to 人工智能 as love

:)

SCIENCE said:

SCIENCE said:

Michael V said:

Ah. Too complicated and subtle for me to figure out.

Thanks for explaining.

nah that’s the thing about in-jokes within groups that get transplanted elsewhere, there’s much background that needs coverage

when the movie came out and we spoke with some of our associates*, some of them told us they really thought it was a superhero film about the internet / local networks, and others told us they thought it was about lawyers heroically defending artists and the like

*: you can think of them as friends if we actually had any

so now when we think about intellectual property, it brings up these nostalgic memories and crosslinguistic entertainment, a bit like how we refer to 人工智能 as love

note that we do appreciate your new leaf Turner reference over there though

LOL

I saw what you did there. Actually, I hadn’t heard that song in ages. Thanks.

:)

dv said:

Remember NFTs?
I can’t really remember the theory behind why people thought they would be worth something.

is economic interchange valuable in itself

The Rev Dodgson said:

Divine Angel said:

The Rev Dodgson said:

SCIENCE said:

dv said:

Remember NFTs?
I can’t really remember the theory behind why people thought they would be worth something.

is economic interchange valuable in itself

Exactly the same reason Bitcoin is worth something.

Crypto has more applications than currency.

That’s why I said Bitcoin and not crypto.

yeah but why can’t we say strawman instead of drygrass

SCIENCE said:

The Rev Dodgson said:

Divine Angel said:

Crypto has more applications than currency.

That’s why I said Bitcoin and not crypto.

yeah but why can’t we say strawman instead of drygrass

We could say strawman instead of drygrass, but if we did, we wouldn’t really be sure what was the intended meaning of what we just said.

SCIENCE said:

dv said:

Remember NFTs?
I can’t really remember the theory behind why people thought they would be worth something.

is economic interchange valuable in itself

Who the f*ck thinks it’s worth $155?

captain_spalding said:

SCIENCE said:

dv said:

Remember NFTs?
I can’t really remember the theory behind why people thought they would be worth something.

is economic interchange valuable in itself

Who the f*ck thinks it’s worth $155?

^

SCIENCE said:

captain_spalding said:

SCIENCE said:

is economic interchange valuable in itself

Who the f*ck thinks it’s worth $155?

^

Why anyone would pay 635,000 is more the question.

roughbarked said:

SCIENCE said:

captain_spalding said:

Who the f*ck thinks it’s worth $155?

^

Why anyone would pay 635,000 is more the question.

That’s easy.

He was a wanker with too much money, and it was a big pose to show just how hip he was, riding the curve, really setting the pace, so cool, in on the ground floor, gonna clean up when the trend really gets going.

I thing that the bigger mystery is why, after all that money was demonstrably squandered on nothing at all, anyone would assign any value to something like this, no matter how small an amount.

captain_spalding said:

roughbarked said:

SCIENCE said:

^

Why anyone would pay 635,000 is more the question.

That’s easy.

He was a wanker with too much money, and it was a big pose to show just how hip he was, riding the curve, really setting the pace, so cool, in on the ground floor, gonna clean up when the trend really gets going.

I thing that the bigger mystery is why, after all that money was demonstrably squandered on nothing at all, anyone would assign any value to something like this, no matter how small an amount.

shrug people are still putting money onto the USSA for orange faced promises shrug

anyway

https://en.wikipedia.org/wiki/I_Am_Rich

roughbarked said:

SCIENCE said:

captain_spalding said:

Who the f*ck thinks it’s worth $155?

^

Why anyone would pay 635,000 is more the question.

A fool and his money…

captain_spalding said:

roughbarked said:

SCIENCE said:

^

Why anyone would pay 635,000 is more the question.

That’s easy.

He was a wanker with too much money, and it was a big pose to show just how hip he was, riding the curve, really setting the pace, so cool, in on the ground floor, gonna clean up when the trend really gets going.

I thing that the bigger mystery is why, after all that money was demonstrably squandered on nothing at all, anyone would assign any value to something like this, no matter how small an amount.

I suppose it can’t be called an NFT if it doesn’t have some sort of price?

Someone stole USB’s in a home burglary
It seems they had crypto on them.
I assume the value is only the USB itself
I wonder but highly doubt it you can insure them for current market value of said crypto.
I assume you also have no way of proving what’s on them regardless.
You just wear the loss.

SCIENCE said:

captain_spalding said:

roughbarked said:

Why anyone would pay 635,000 is more the question.

That’s easy.

He was a wanker with too much money, and it was a big pose to show just how hip he was, riding the curve, really setting the pace, so cool, in on the ground floor, gonna clean up when the trend really gets going.

I thing that the bigger mystery is why, after all that money was demonstrably squandered on nothing at all, anyone would assign any value to something like this, no matter how small an amount.

shrug people are still putting money onto the USSA for orange faced promises shrug

anyway

https://en.wikipedia.org/wiki/I_Am_Rich

:)

Cymek said:

Someone stole USB’s in a home burglary
It seems they had crypto on them.
I assume the value is only the USB itself
I wonder but highly doubt it you can insure them for current market value of said crypto.
I assume you also have no way of proving what’s on them regardless.
You just wear the loss.

thankfully we chisel all our cryptocurrency holdings on actual tablets so ain’t nobody coming to our quarry to make off with massive rocks

Michael V said:

roughbarked said:

SCIENCE said:

^

Why anyone would pay 635,000 is more the question.

A fool and his money…

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

Divine Angel said:

Michael V said:

roughbarked said:

Why anyone would pay 635,000 is more the question.

A fool and his money…

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

do handbags have intrinsic value

SCIENCE said:

Divine Angel said:

Michael V said:

A fool and his money…

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

do handbags have intrinsic value

Beyond a brand name, what are people actually paying for?

Divine Angel said:

Michael V said:

roughbarked said:

Why anyone would pay 635,000 is more the question.

A fool and his money…

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

But if you buy a painting, you do actually get a painting, as opposed to a token that says you “own” the image.

Divine Angel said:

SCIENCE said:

Divine Angel said:

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

do handbags have intrinsic value

Beyond a brand name, what are people actually paying for?

like sure we get that price is determined by supply demand but also the lower bound is the cost of inputs and also there is positive utility in having a portable container for items

Divine Angel said:

SCIENCE said:

Divine Angel said:

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

do handbags have intrinsic value

Beyond a brand name, what are people actually paying for?

Sometimes they actually go up in value.

Witty Rejoinder said:

Divine Angel said:

SCIENCE said:

do handbags have intrinsic value

Beyond a brand name, what are people actually paying for?

Sometimes they actually go up in value.

so did Bitcoin

Divine Angel said:

Michael V said:

roughbarked said:

Why anyone would pay 635,000 is more the question.

A fool and his money…

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

This is funny
I remember someone stole someone handbag with a value similar to the above
They kept food in it, not wrapped food but loose and ruined it.

SCIENCE said:

Divine Angel said:

Michael V said:

A fool and his money…

Same as any artwork, I suppose. People buy handbags for $5000. It’s only worth what people are going to pay.

do handbags have intrinsic value

What it is worth and what it costs are two different things.