Klay Thompson and Andre Iguodala will take part of their salaries in Bitcoin

[nfmos]

They didn't disclose clearly their advertisement to their fans. Pretty scumbag move by these two. Not surprised.

Any Warrior player could give away puppies or free cars and this guy would still be hurt and find a way to hate lol


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[JN61]

They didn't disclose clearly their advertisement to their fans. Pretty scumbag move by these two. Not surprised.

Any Warrior player could give away puppies or free cars and this guy would still be hurt and find a way to hate lol


Sent from my iPhone using RealGM mobile app

Sad to see warriors shill unable to tell what a terrible thing advertising to your young fans this stuff is. Without even disclosing it..

[Kurtz]

Sounds like you made a mistake and tried to blame it on the "browser lagging."

Why would anybody ever want to live in a world where they could lose their entire life savings from tiny errors? No crypto detractor is as good at making it look stupid and dystopian as a crypto bro.

I just happen to work in this industry and understand how it works.


Sent from my iPhone using RealGM mobile app

And yet it doesn't look like you were aware of this particular issue. Here's a thread on it if you want to learn more - lots of folks have fallen victim to it to the tune of $ millions:

https://www.reddit.com/r/CoinBase/comments/os70fc/lost_4500_of_eth_sending_from_binance_exchange/?%24deep_link=true&correlation_id=ef6b407e-ce1a-4906-8824-741410b61d45&post_fullname=t3_os70fc&post_index=2&ref=email_digest&ref_campaign=email_digest&ref_source=email&utm_content=post_title&%243p=e_as&_branch_match_id=758880838169264958


This is just one pitfall of the currency. There's a myriad other ways to lose everything in an instant in crypto. No safeguards at all.

[robbie84]

This just looks like a marketing ploy for Block/Cashapp.

Imagine getting paid in bitcoin and losing 20% of your salary in value the last month lol. Would be an idiotic thing to do.

well if it returns 500% in the next 3 years then it certainly wouldn't be idiotic would it?

[robbie84]

Except stocks go up over the long term because the underlying businesses make money. Bitcoin is just a currency that goes up and down off short term speculation. There's no reason to expect it go up long term or call it an "investment" in comparison to stocks, at least long term wise

I'm not sure how you can say that given it's performance over the last decade.

The bolded isn't true. There's a fixed maximum supply of 21 million coins that can be mined, and the mining rewards half every 4 years. Plus who knows how much BTC has been lost over the years.

theres a fixed supply of coins which means it won't devalue through typical inflation like normal currencies, but i don't know why you think that means its only going to go up. the problem is that for it to actually have staying power it needs to become a functionally used currency and not just a vehicle for speculation but bitcoin cannot process enough daily transactions to ever be used in that way. its fundamentally a scam which is why its being advertised this way, it has no inherent value. and eventually it and other ecologically damaging cryptos will be legislated out of existence

You sound like the typical 'no coiner' that has never bothered to understand how BTC works, using arguments that have been proven wrong over, and over and over and...if you wanna stick to your guns, that's fine. You could also call it ignorance.

It's already proven it doesn't need to function in the currency form to 'stick around', and if you understand the lightning network, you'd know this is a significant development in progress.
Besides that, it's digital gold. Except the supply is even more limited. It has value because other people agree it has value. Why? Because of it's security. The bitcoin network is the most secure network on the planet. If you don't think Bitcoin has value, then why is gold worth $1800 and ounce? Because it's used in electronics? lol. Because it's a mutually agreed store of value.

Anyway, I've been arguing about this with no coiners for over 6 years. It's a bit like arguing with anti vaxxers- their mind is made up.
And they won't bother to understand how it works or why demand has skyrocketed in the last 5 years.
I guess you guys think that we'll fly our gold bars around in our electric drones in 25 years because digital assets could never be real.

[kio80]

How much is part of their salary? 0.00001 %?


Sent from my iPhone using Tapatalk

[hauntedcomputer]

Will be funny watching these coinbois digging through the rubble to piece together computers and electrical grids after the apocalypse. But it's gold. Pure gold.

[KembaWalker]

I'm not sure how you can say that given it's performance over the last decade.

The bolded isn't true. There's a fixed maximum supply of 21 million coins that can be mined, and the mining rewards half every 4 years. Plus who knows how much BTC has been lost over the years.

theres a fixed supply of coins which means it won't devalue through typical inflation like normal currencies, but i don't know why you think that means its only going to go up. the problem is that for it to actually have staying power it needs to become a functionally used currency and not just a vehicle for speculation but bitcoin cannot process enough daily transactions to ever be used in that way. its fundamentally a scam which is why its being advertised this way, it has no inherent value. and eventually it and other ecologically damaging cryptos will be legislated out of existence

You sound like the typical 'no coiner' that has never bothered to understand how BTC works, using arguments that have been proven wrong over, and over and over and...if you wanna stick to your guns, that's fine. You could also call it ignorance.

It's already proven it doesn't need to function in the currency form to 'stick around', and if you understand the lightning network, you'd know this is a significant development in progress.
Besides that, it's digital gold. Except the supply is even more limited. It has value because other people agree it has value. Why? Because of it's security. The bitcoin network is the most secure network on the planet. If you don't think Bitcoin has value, then why is gold worth $1800 and ounce? Because it's used in electronics? lol. Because it's a mutually agreed store of value.

Anyway, I've been arguing about this with no coiners for over 6 years. It's a bit like arguing with anti vaxxers- their mind is made up.
And they won't bother to understand how it works or why demand has skyrocketed in the last 5 years.
I guess you guys think that we'll fly our gold bars around in our electric drones in 25 years because digital assets could never be real.

Gold is a terrible investment too, if Bitcoin is just digital gold then I would suggest even more strongly to run away if you missed the bubble. Buy strong companies that make money. The stock market in the long run will always beat "stores of value" gold, real estate, art, jewels, and beat them handily.
Don't be the one holding the bag. And don't try to learn finance from Reddit, lmao

[robbie84]

theres a fixed supply of coins which means it won't devalue through typical inflation like normal currencies, but i don't know why you think that means its only going to go up. the problem is that for it to actually have staying power it needs to become a functionally used currency and not just a vehicle for speculation but bitcoin cannot process enough daily transactions to ever be used in that way. its fundamentally a scam which is why its being advertised this way, it has no inherent value. and eventually it and other ecologically damaging cryptos will be legislated out of existence

You sound like the typical 'no coiner' that has never bothered to understand how BTC works, using arguments that have been proven wrong over, and over and over and...if you wanna stick to your guns, that's fine. You could also call it ignorance.

It's already proven it doesn't need to function in the currency form to 'stick around', and if you understand the lightning network, you'd know this is a significant development in progress.
Besides that, it's digital gold. Except the supply is even more limited. It has value because other people agree it has value. Why? Because of it's security. The bitcoin network is the most secure network on the planet. If you don't think Bitcoin has value, then why is gold worth $1800 and ounce? Because it's used in electronics? lol. Because it's a mutually agreed store of value.

Anyway, I've been arguing about this with no coiners for over 6 years. It's a bit like arguing with anti vaxxers- their mind is made up.
And they won't bother to understand how it works or why demand has skyrocketed in the last 5 years.
I guess you guys think that we'll fly our gold bars around in our electric drones in 25 years because digital assets could never be real.

Gold is a terrible investment too, if Bitcoin is just digital gold then I would suggest even more strongly to run away if you missed the bubble. Buy strong companies that make money. The stock market in the long run will always beat "stores of value" gold, real estate, art, jewels, and beat them handily.
Don't be the one holding the bag. And don't try to learn finance from Reddit, lmao

You're implying that people who invest in bitcoin only invest in bitcoin. That's like me saying you should get out of the stock market because it's currently not an investors environment- it's a traders environment.
What are you going to do when the big boys start taking profits in the NASDAQ, SNP, and Dow?
Good investors use multiple markets. Investing in one market is something reddit investors do.
Offering people investing advice when you're obviously pretty inexperienced-let alone completely clueless in the case of bitcoin- isn't wise either.

[Onlytimewilltel]

The user made the claim that crypto is safer, which is an outright lie.

If you get scammed on a credit card purchase - CC will get you your money back. If your bank goes bankrupt - your savings are insured (up to a certain amount). If you try to make a purchase but the vendor doesn't accept a type of credit card...the purchase simply doesn't go through.


With crypto, there are absolutely no safeguards and no legal recourse, and every exchange makes up its own rules.

In 2021, there was $14bil lost to crypto scams. Tens of billions have been lost by people who lost their wallets/keys. And that's with a global adoption rate of only 2.5% (and those 2.5% use it scantly, unlike actual currency, due to crypto being a laughably ineffective method of payment).

I remember trading crypto for fun, it was such a **** process. Moving money in and out took forever from binance. It's been around for more than 10 years and there still are no useful real world use cases. Just more scams and a waste of energy mining cryptos.

Yup but sadly there is a greater agenda behind crypto. World will find out sooner or later.

And what’s that greater agenda, real question I’m not too informed on all the crypto stuff?

[Onlytimewilltel]

That's BS, man.

There are constant stories about folks losing all their crypto to scams, to lost usb drives, etc.

Hell, I'll give you a personal example. I made a couple grand playing the altcoin roulette on Binance. I exchanged it into ETH and transferred over to CoinBase. Two of the bigger exchanges in the world, using the 2nd biggest cryptocurrency. Should be super safe, right?

Well, It asked me which protocol I wanted to use to transfer, I chose the one with less fees. Even did a test transfer first, which worked. Then did a main transfer, and Oops - I guess my browser lagged for a second and selected a different transfer protocol. Turned out I chose a protocol that Binance supported but CoinBase did not. Poof, 90% of Eth gone, can never be recovered.

Easy come easy go - but there are folks who've lost their savings because of quirks like that, or outright scams.

I won't even get into NFT, which are a bigger pyramid scam than even crypto.

Sounds like you made a mistake and tried to blame it on the "browser lagging."

Why would anybody ever want to live in a world where they could lose their entire life savings from tiny errors? No crypto detractor is as good at making it look stupid and dystopian as a crypto bro.

Lol
Yea that does actually sound super ridiculous. “Whoops, you made a mistake you were supposed to click this and not that, say bye bye to your 40 years of savings, it’s lost forever” lol

[LivingLegend]

Why not just take the money from your paycheck and buy the Bitcoin yourself...its not like the Warriors FO gets a discounted rate on Bitcoin.

[LivingLegend]

I remember trading crypto for fun, it was such a **** process. Moving money in and out took forever from binance. It's been around for more than 10 years and there still are no useful real world use cases. Just more scams and a waste of energy mining cryptos.

Yup but sadly there is a greater agenda behind crypto. World will find out sooner or later.

And what’s that greater agenda, real question I’m not too informed on all the crypto stuff?

Yeah Im interested to find this out too because I feel like Im missing the boat on something Im going to regret not doing in 20 years from now lol

[HotelVitale]

Yup but sadly there is a greater agenda behind crypto. World will find out sooner or later.

And what’s that greater agenda, real question I’m not too informed on all the crypto stuff?

Yeah Im interested to find this out too because I feel like Im missing the boat on something Im going to regret not doing in 20 years from now lol

Its agenda is both simpler and more complicated than that. The simple short term agenda for now is to get people involved in it without them knowing exactly what they're doing, to feed them a lot of different lines about why it's more than it is. E.g. it's basically foolproof, it's the future of money, it's not risky since it's fully backed like regular money, it's the way forward for minority communities to build wealth outside corrupt systems, etc. It's actually just a speculative asset, a thing that's valuable only because people treat it as valuable. So that means that lots of powerful people are now invested in getting people to invest in it without understanding what it really is (if they don't then it won't continue to be profitable).

The long-term agenda is the same as in pretty much any other financial thing these days: the powerful folks (the big banks, investors, and agglomerates) have the resources to control things, and they want to make sure they get in at the right time, manipulate governments and rules and so on long enough to keep profiting, and then leave someone else holding the bag when things get shaky. Some other people will be able to profit off that long-term--there are already many crypto millionaires--and many others will make some money along the way (my company has), but end of the day it seems extremely unlikely to benefit the average person more than it'll hurt them.

[LivingLegend]

And what’s that greater agenda, real question I’m not too informed on all the crypto stuff?

Yeah Im interested to find this out too because I feel like Im missing the boat on something Im going to regret not doing in 20 years from now lol

Its agenda is both simpler and more complicated than that. The simple short term agenda for now is to get people involved in it without them knowing exactly what they're doing, to feed them a lot of different lines about why it's more than it is. E.g. it's basically foolproof, it's the future of money, it's not risky since it's fully backed like regular money, it's the way forward for minority communities to build wealth outside corrupt systems, etc. It's actually just a speculative asset, a thing that's valuable only because people treat it as valuable. So that means that lots of powerful people are now invested in getting people to invest in it without understanding what it really is (if they don't then it won't continue to be profitable).

The long-term agenda is the same as in pretty much any other financial thing these days: the powerful folks (the big banks, investors, and agglomerates) have the resources to control things, and they want to make sure they get in at the right time, manipulate governments and rules and so on long enough to keep profiting, and then leave someone else holding the bag when things get shaky. Some other people will be able to profit off that long-term--there are already many crypto millionaires--and many others will make some money along the way (my company has), but end of the day it seems extremely unlikely to benefit the average person more than it'll hurt them.

So I shouldnt by 1k of Bitcoin and let it sit in my wallet for years hoping it will turn into 200k one day lol

I also find it strange that the people endorsing all of this crypto/NFT crap are millionaire celebrities and athletes who dont need the money and have extra money to blow.

You see endorsements from Paris Hilton to Matt Damon to Steph Curry. Its just strange to me....Celebs are like REALLY pushing this crap like some sort of giant pump and dump.

[HotelVitale]

Yeah Im interested to find this out too because I feel like Im missing the boat on something Im going to regret not doing in 20 years from now lol

Its agenda is both simpler and more complicated than that. The simple short term agenda for now is to get people involved in it without them knowing exactly what they're doing, to feed them a lot of different lines about why it's more than it is. E.g. it's basically foolproof, it's the future of money, it's not risky since it's fully backed like regular money, it's the way forward for minority communities to build wealth outside corrupt systems, etc. It's actually just a speculative asset, a thing that's valuable only because people treat it as valuable. So that means that lots of powerful people are now invested in getting people to invest in it without understanding what it really is (if they don't then it won't continue to be profitable).

The long-term agenda is the same as in pretty much any other financial thing these days: the powerful folks (the big banks, investors, and agglomerates) have the resources to control things, and they want to make sure they get in at the right time, manipulate governments and rules and so on long enough to keep profiting, and then leave someone else holding the bag when things get shaky. Some other people will be able to profit off that long-term--there are already many crypto millionaires--and many others will make some money along the way (my company has), but end of the day it seems extremely unlikely to benefit the average person more than it'll hurt them.

So I shouldnt by 1k of Bitcoin and let it sit in my wallet for years hoping it will turn into 200k one day lol

I also find it strange that the people endorsing all of this crypto/NFT crap are millionaire celebrities and athletes who dont need the money and have extra money to blow.

You see endorsements from Paris Hilton to Matt Damon to Steph Curry. Its just strange to me....Celebs are like REALLY pushing this crap like some sort of giant pump and dump.

They’re literally being paid huge amounts of money to do that, precisely because making money in crypto relies on more and more people investing in it. But the point is you don’t want people to know that and to understand that crypto is a complicated speculative game that some people can make money on but is already semi-rigged—you want them to think it’s this foolproof amazing investment and the key to black excellence or fabulous wealth or whatever. Or that anyone with a work ethic can become wealthy in, or that if you keep sleeping everyone else will take advantage and leave you a loser. Advertising in general is there to make people see way more in a product than is actually there, and crypto has been totally reliant on that to keep growing. A lot fewer people would be involved if they all knew exactly what it was.

[HotelVitale]

You sound like the typical 'no coiner' that has never bothered to understand how BTC works, using arguments that have been proven wrong over, and over and over and...if you wanna stick to your guns, that's fine. You could also call it ignorance.

It's already proven it doesn't need to function in the currency form to 'stick around', and if you understand the lightning network, you'd know this is a significant development in progress.
Besides that, it's digital gold. Except the supply is even more limited. It has value because other people agree it has value. Why? Because of it's security. The bitcoin network is the most secure network on the planet. If you don't think Bitcoin has value, then why is gold worth $1800 and ounce? Because it's used in electronics? lol. Because it's a mutually agreed store of value.

Anyway, I've been arguing about this with no coiners for over 6 years. It's a bit like arguing with anti vaxxers- their mind is made up.
And they won't bother to understand how it works or why demand has skyrocketed in the last 5 years.
I guess you guys think that we'll fly our gold bars around in our electric drones in 25 years because digital assets could never be real.

Gold is a terrible investment too, if Bitcoin is just digital gold then I would suggest even more strongly to run away if you missed the bubble. Buy strong companies that make money. The stock market in the long run will always beat "stores of value" gold, real estate, art, jewels, and beat them handily.
Don't be the one holding the bag. And don't try to learn finance from Reddit, lmao

You're implying that people who invest in bitcoin only invest in bitcoin. That's like me saying you should get out of the stock market because it's currently not an investors environment- it's a traders environment.
What are you going to do when the big boys start taking profits in the NASDAQ, SNP, and Dow?
Good investors use multiple markets. Investing in one market is something reddit investors do.
Offering people investing advice when you're obviously pretty inexperienced-let alone completely clueless in the case of bitcoin- isn't wise either.

You can definitely play your cards right and make some money in it—my company had a nice return on Bitcoin from like 2018-2021—but if you’re looking at it from the outside and not as a savvy investor just trying to beat the field, it’s pretty strange and the way it gets advertised and talked about is extremely disingenuous. Kemba’s right that its valuable not for its use value (like most products/investments) but because people for now want it, but that we have no idea how long that’ll last, and it can’t really be tracked like normal business performances can be.

Also you’re aware that all bubbles in history were parts of many many peoples’ portfolios right? That’s how they got to be bubbles—many people were investing heavily and rampantly inflating value since the asset seemed foolproof and high return. When everyone realized they didn’t have the lasting value is the world that the markets set, the bubble bursts and everyone loses a lot of money. Besides the people who got out at the top, many of whom make fortunes.

[Lala870]

Yup but sadly there is a greater agenda behind crypto. World will find out sooner or later.

And what’s that greater agenda, real question I’m not too informed on all the crypto stuff?

Yeah Im interested to find this out too because I feel like Im missing the boat on something Im going to regret not doing in 20 years from now lol

There are highly influential people wanting to re-boot the entire monetary system on blockchain, which of course has far less privacy than the current financial system. There is a major misconception that crypto offers more privacy and will continue to do so in the future.

not a conspiracy either as there are already invention patents and interviews to back these claims up.

This sadly explains why LA renamed their stadium to "crypto" arena or whatever its called and why now GS players are shilling up a storm for blockchain. (Also can't forget steph hanging out with his buddy Bill Gates)

Short term you might make a few bucks, but long term? Your dollar gains investing into crypto won't mean jack squat ironically if they do indeed reboot the entire monetary system into blockchain.

Welcome to technocracy/posthumanism

[LivingLegend]

And what’s that greater agenda, real question I’m not too informed on all the crypto stuff?

Yeah Im interested to find this out too because I feel like Im missing the boat on something Im going to regret not doing in 20 years from now lol

There are highly influential people wanting to re-boot the entire monetary system on blockchain, which of course has far less privacy than the current financial system. There is a major misconception that crypto offers more privacy and will continue to do so in the future.

not a conspiracy either as there are already invention patents and interviews to back these claims up.

This sadly explains why LA renamed their stadium to "crypto" arena or whatever its called and why now GS players are shilling up a storm for blockchain. (Also can't forget steph hanging out with his buddy Bill Gates)

Short term you might make a few bucks, but long term? Your dollar gains investing into crypto won't mean jack squat ironically if they do indeed reboot the entire monetary system into blockchain.

Welcome to technocracy/posthumanism

What I dont understand is the whole 'mining' thing lol Its just so silly to me. How does a computer go out there and just create this crypto thing out of thin air by solving riddles. Its literally feels like the CPU is basically like 'hey here is some money I found. Dont know if its valid or not but I say this is 1 bitcoin'

Maybe its too complex for my peebrain to comprehend but I just dont understand how a computer can just pull together crypto currencies out of thin air when they arnt even a tangible thing with a finite quantity like real mining for gold is. Its like a endless amount of crypto can be created out of thin air because this computer said so.

Seems like a computer is just making **** up lol

[Lala870]

Yeah Im interested to find this out too because I feel like Im missing the boat on something Im going to regret not doing in 20 years from now lol

There are highly influential people wanting to re-boot the entire monetary system on blockchain, which of course has far less privacy than the current financial system. There is a major misconception that crypto offers more privacy and will continue to do so in the future.

not a conspiracy either as there are already invention patents and interviews to back these claims up.

This sadly explains why LA renamed their stadium to "crypto" arena or whatever its called and why now GS players are shilling up a storm for blockchain. (Also can't forget steph hanging out with his buddy Bill Gates)

Short term you might make a few bucks, but long term? Your dollar gains investing into crypto won't mean jack squat ironically if they do indeed reboot the entire monetary system into blockchain.

Welcome to technocracy/posthumanism

What I dont understand is the whole 'mining' thing lol Its just so silly to me. How does a computer go out there and just create this crypto thing out of thin air by solving riddles. Its literally feels like the CPU is basically like 'hey here is some money I found. Dont know if its valid or not but I say this is 1 bitcoin'

Maybe its too complex for my peebrain to comprehend but I just dont understand how a computer can just pull together crypto currencies out of thin air when they arnt even a tangible thing with a finite quantity like real mining for gold is. Its like a endless amount of crypto can be created out of thin air because this computer said so.

Seems like a computer is just making **** up lol

None of it makes any sense to anyone and if they claim it does they are lying. Its nothing more than elite members of our society conditioning the masses for the upcoming financial system overhaul on blockchain.

Just like now they are pushing NFT's which are like "digital rewards" unique to a user that can be exchanged or sold. Its just another form of upcoming control even worse than the current financial system.

People are being sold on it as a "lit" new way to make big money trading crypto since the real economy has all but been destroyed in the real world.