Crypto Sponsorship for the AFL - and now NFTs

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Chief

Chugging Adrenochrome
Dec 1, 1999
110,654
92,326
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Carlton
you shouldn't need to be told that putting most or all of one's capital into any one thing let alone something speculative it very, very foolish.
You're not a fan of financial education?

There was a system in place that assured everyone this was not speculative, was a sure thing. The idea of stablecoins is "we have a system that makes this safe".

Greedy people are easiest to con, but the con artists don't shed responsibility for being the con artists.

A materialistic world that lies to people saying "work hard and you will get there" bears responsibility.

Greed is bad. Taking advantage of people's ignorance to rob them of their future is inexcusable. Governments ignoring the rampant criminality in this sector so their high finance mates can rip people off is disgusting.
 

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blues4flag

Brownlow Medallist
Jul 1, 2004
21,706
2,216
Melbourne
AFL Club
Carlton
It's disgraceful that sporting institutes world wide are accepting such prominent investment from what is effectively gambling. The only difference between crypto.com and Sportsbet is that, at least with crypto.com people can delude themselves into believing that it isn't gambling to bet it all on SafeBabyPuppyCoin.
 

Chief

Chugging Adrenochrome
Dec 1, 1999
110,654
92,326
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Carlton
Buy the dip? I actually thought about getting Eth because... people are idiots and it's the most well known to the commoner after Bitcoin I think.
 

sarahsainter

Senior List
Mar 20, 2022
155
381
AFL Club
St Kilda
This thread is embarrassing. But what would you expect from turbo-cringe captain and bf wisdom-ati. Love live bitcoin, ethirium and the wild west of crypto!
 

Kram

I'll brik u
Suspended
May 2, 2007
70,427
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WA
AFL Club
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Other Teams
Chicago Bears, de Boer, Arsenal
1652651418106.png
 

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Chief

Chugging Adrenochrome
Dec 1, 1999
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Carlton
Discussion of crypto by the inventor of Dogecoin at 1:18:00 -



  • Doge was a joke made in 4 hours as a find and replace on Bitcoin software.
  • Crypto is not decentralised
  • Crypto can't do the things people claim it can
  • It does not scale to mass adoption
  • It was a currency, then it was "digital gold", then it was NFTs, decentralised finance... it's just crap that takes on new forms to rip money out of people.
  • coin base has a "gambler training" system to hook people, with free trading in new tokens. Later they charge trading fees.
  • big finance loves it because it is unregulated for now.
  • It's a Ponzi scheme.
  • people used to tell him that no it's not a Ponzi scheme - now they agree but don't care because "everything is a ponzi sceme"

And so on. I'm just on my phone watching it. It's interesting.
 

ray1984

Debutant
May 16, 2022
104
70
AFL Club
St Kilda
I really feel bad for people losing big money in this crash.

There will be knock-on effects in family break ups and worse.
One crypto enthusiast has lost a whopping $650,000 while another is seriously in debt after taking out a $430,000 loan to buy the coin


Crypto has become the new stocks market but the Wild West version. The bigger gains and looses are used to suck peoples emotions in
 

happy_eagle

Brownlow Medallist
Mar 20, 2007
25,241
20,120
AFL Club
West Coast
Jesus.

What they need is some sort of central registry that enforces the rights of owners of intellectual property.
Might be a blessing in disguise that his NFT Show never sees the light of day.

 

ExpatAussie

Rookie
May 27, 2022
42
29
AFL Club
Melbourne
How does one conserve Digital Energy?
How does one engineer a deflationary monetary system?
How can one become their own bank?
How can we avoid Government and Corporate interference in commerce?
 

ray1984

Debutant
May 16, 2022
104
70
AFL Club
St Kilda

How does one conserve Digital Energy?
How does one engineer a deflationary monetary system?
How can one become their own bank?
How can we avoid Government and Corporate interference in commerce?
Not to worry the WEF is on to it


 

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