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

[LivingLegend]

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.

Dont get me started on NFTs lol NFTs are proof that the world is full of a bunch of degenerate gamblers who always need a endorphin rush when not at the casino.

At least crypto make sense...in theory....i guess.

However to your first statement--if there is going to be a financial overhaul to the blockchain wouldnt investing in crypto be worth it?

(This is coming from a guy who has no patience and sold 100k+ shares of Dogecoin at .02 before it went up to .10+ and I lost thousands lol)

[Lala870]

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.

However to your first statement--if there is going to be a financial overhaul to the blockchain wouldnt investing in crypto be worth it?

(This is coming from a guy who has no patience and sold 100k+ shares of Dogecoin at .02 before it went up to .10+ and I lost thousands lol)

Not really but the reasons for it are rather complicated and delve into some future conspiracy scenarios. I dont believe when this financial system overhaul happens "money" as we know it will hold the same value. I think instead it will be used a form of currency or token to use basic essential services that are "borrowed" and not "owned". Think of it like a social credit score where if you behave well you will get your weekly allowance of crypto to continue living and so on. Crypto and free market capitalism will not go hand in hand in the future so no...not really worth investing in it beyond maybe making some pocket change in the next few years.

Crypto is way more concerning iMO with what it represents to society at large.

[payton2kemp]

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?

So you're guaranteeing a 500% return on BTC the next 3 years?

[payton2kemp]

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.

Thats the one that cracks me up, people talk about this decentralized finance BS. Not realizing every single transaction you do on the blockchain, can be traced right back to you for the whole world to see. Imagine if the world could see every single one of your debit/credit transactions.

There is no privacy at all lol its a con game.

[LivingLegend]

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.

Thats the one that cracks me up, people talk about this decentralized finance BS. Not realizing every single transaction you do on the blockchain, can be traced right back to you for the whole world to see. Imagine if the world could see every single one of your debit/credit transactions.

There is no privacy at all lol its a con game.

That and I know the blockchain is 'secure' or whatever. But when money is 100% digital--your telling me nobody is worried about security risk?

[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?

So you're guaranteeing a 500% return on BTC the next 3 years?

No. I would never guarantee anything in any market. If anything, we are due for an enormous profit taking period in all markets- the kind of bear market that crushes souls and ruins millions of mom +pop retail investors. Although I would say we will see a large sell off on bonds pretty soon which *should* correlate to a strong bitcoin rally which would mark the peak of this current bitcoin bull run.

[robbie84]

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.

Thats the one that cracks me up, people talk about this decentralized finance BS. Not realizing every single transaction you do on the blockchain, can be traced right back to you for the whole world to see. Imagine if the world could see every single one of your debit/credit transactions.

There is no privacy at all lol its a con game.

Decentralized finance doesn't mean anonymous. It means it's decentralised with smart contracts as the executor instead of a middleman.

[robbie84]

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.

That's all markets though. They will all burst.
If you don't think bitcoin has value then there's no point in arguing. I would just say (if you care) to watch some stuff by Andreas antonopolous on YouTube to broaden your understanding of how it has value.

Remember, stock bros don't want people leaving the stock market. They want to take your money with stuff like AMC, Gamestop, or any of the other 90% of the stock market that is horrendously overvalued right now. The same is true in crypto with junk stuff like Cardano, Doge, SHIB etc..

I'm a huge bull on stuff like uranium/nuclear power, lithium/battery technology, legalized marijuana and obviously bitcoin, ethereum and a few other defi cryptos- but I'm also realistic that these markets move in cycles and long term profit taking is the end goal of all the largest players in these markets.

[kj_]

Looks more like they're taking CashApps money to advertise garbage to me

This.


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[kj_]

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.

Yeah well selling off your Bitcoin right as the Crypto market is tanking would also be an idiotic thing to do.

The market has low points no matter what you're invested in. Crypto tends to be more turbulent than traditional stocks but either way you wouldn't sell your holdings right after their value tanked. The market will recover over time and in the long run you profit, that's how you invest.

You also wouldn’t have your entire portfolio in a turbulent asset. You would be diversified and balanced.

I get they don’t either. However, this advert makes it seem like they are dealing exclusively in Bitcoin by receiving their pay as such.

They are likely converting it to other assets the second they receive it so they are not over exposed to a volatile asset class.


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[mynameKIM]

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.

Dont get me started on NFTs lol NFTs are proof that the world is full of a bunch of degenerate gamblers who always need a endorphin rush when not at the casino.

At least crypto make sense...in theory....i guess.

However to your first statement--if there is going to be a financial overhaul to the blockchain wouldnt investing in crypto be worth it?

(This is coming from a guy who has no patience and sold 100k+ shares of Dogecoin at .02 before it went up to .10+ and I lost thousands lol)

Bunch of old men yelling at clouds the Thread.

[Harry Garris]

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.

Yeah well selling off your Bitcoin right as the Crypto market is tanking would also be an idiotic thing to do.

The market has low points no matter what you're invested in. Crypto tends to be more turbulent than traditional stocks but either way you wouldn't sell your holdings right after their value tanked. The market will recover over time and in the long run you profit, that's how you invest.

You also wouldn’t have your entire portfolio in a turbulent asset. You would be diversified and balanced.

I get they don’t either. However, this advert makes it seem like they are dealing exclusively in Bitcoin by receiving their pay as such.

They are likely converting it to other assets the second they receive it so they are not over exposed to a volatile asset class.


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Yeah well I can agree that maybe getting suckers who don't understand the Crypto market to buy Bitcoin probably isn't the most consumer friendly idea.

[Johnny Bball]

Bitcoin has so very few fundamental reason to invest in it. It's one very long tulip story.

Now, doesn't mean you can't make out like a bandit following the herd, but you better not get attached to being long and you better be able to technically trade at a very high level.

So two guys from GSW shill for it because they invested in it. Not really news. That's been happening for 10 years.

And btw... the day someone tries to make it the default fiat currency over the US petrodollar is the day it gets outlawed and another war probably starts. The US has isolated Iran for decades over it.

[Luke Skyowner]

Bitcoin will act as an asset class, don´t need to be functional company. It has value like real estate/land, gold. Now all the world can store their converted energy, salary, wealth and not lose the value of it when they retire. It´s metals or BTC in my mind for the long investment. BTC will probably beat the inflation rate every year though, not so sure about metals.

New generation coins/protocols sure has more functions behind them than only speculation(the serious ones in this unregulated wild wild west of the land) They function like companies and serve people but bigger things are ahead for society, on all age classes, with the blockchain technology- that itself will prove to be more important invention than all mighty ethernet. I think mainstream will get to experience these effects by the second part of this decade.

[payton2kemp]

We know this was just a promotion for these guys, but imagine getting paid in Bitcoin when the season started in November, some guys get paid in lump sums. If you got paid 1 mill in November when the season started, well thats worth 500k today lol.

Real world scenario where you lose half your salary.

[KembaWalker]

the only thing dumber than taking your salary in bitcoin would be taking your salary in NFTs

[Jables]

Always knew there was a reason I didn't like Klay. Iguodola goes without saying.

[Dirk]

This is a paid promotion. Nothing to see here.

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Crypto topic (Knicks board): viewtopic.php?f=24&t=1891854