People that think they're smart often confuse pyramid schemes with Ponzi schemes with bubbles. I help them understand the error of their ways. If you're stupid, everything looks like a pyramid or Ponzi scheme. Life is extinct without the next birth. Businesses bankrupt without the next sale. All art, music and assets only go up in value if the next guy pays more. To the ignorant, all of human existence looks like a giant pyramid scheme.
Real cryptocurrency removes middlemen, increasing efficiency, durability, availability and adds features that never before existed in the history of the world, like irreversible instant global transfers of value. The robustness of a decentralized system backed by math instead of men.
#Bitcoin mining machines just mint more bitcoin and bitcoin has been the best performing asset of all time. Ethereum miners and then validators just minted more #Ethereum, and yet, it's perhaps the 2nd best asset of all time? In reality the consensus mechanism does much more than just create more units, it also does transaction ordering and timestamping and publishing publicly the math and results.
TLDR; Ponzi's, pyramids and bubbles are different and you should be smart enough to know the difference and speak properly.
Thread: https://t.co/e1dCtEV4v3
I've warned you time and time again about the fake video call apps scammers get you to install to hack you and steal you and all your users money. monoswap was hacked.
HEX for instance has 300k addresses on #Ethereum which hold $HEX for instance. People than ran HEX code gave decamillions of dollars to Ethereum miners and validators. https://t.co/mLZsmWJ6U8 It's one of many projects to bring many users to Ethereum. Decentralization is great!
Invest money and time in school. Have expectations of profit from the efforts of your teachers and the janitor that opens the doors. The school pooled your money with others to advertise and further the scheme. Didn't get better job, lost $. SEC should sue for securities fraud?
Children have allowance money. Parents pool this money into a common pool and often invest it. Children rely on the forward looking statements and efforts of the issuer (parents) to have fiduciary duty over their allowance. Parent blows allowance on flat tire repair. SEC sues for securities fraud?
And if you like that, you might like the free coins you probably have waiting for you on https://t.co/tyQE8i95UP if you had ETH or anything on Ethereum about 1.2 years ago. https://t.co/L7dGwreiCF can show you what free coins await you.
#Ethereum is better than #Bitcoin in all the ways the ETF marketing guys aren't telling you (but should be.) Lower inflation, higher throughput, lower fees, more features, better for the environment, stronger roadmap, more secure (never had an inflation bug of which BTC had two.)
#Bitcoin Mt.GOX gentlemen. If you enjoyed your mad gains, you might want more. Have you considered swapping some of your #BTC for #Ethereum or PulseChain, PulseX, HEX, or INC? You can swap BTC to #ETH here https://t.co/FSGAFTNUOi. Many run https://t.co/p9jB45NSAb. Stats: https://t.co/X0ni4hh2ib
How much damage have Elizabeth Warren and Gary Gensler done to the Democratic party by attacking #cryptocurrency? So many millions of people really care about their crypto.
Who is suing the government for violating their freedom of movement, association, assembly. How are the cases going? Anyone remember people being denied entry to beaches, restaurants, movie theaters, bars, nightclubs, supermarkets? Weren't their rights violated? Which countries?
Today the Supreme court dealt yet another blow to the, apparently, quite often unlawful, administrative state. (Of which the SEC is a member.) "Tsunami of lawsuits against agencies.." "Suing the United States or one of its agencies, officers, or employees"
https://t.co/3602Gyj3oW
The administrative state, of which the SEC is a member, lost again today in the Supreme Court. This is not the Jarkesy case the SEC just in the Supreme Court yesterday. https://t.co/SE32njrOhp
The SEC lost in the Supreme Court today. They've lost 5 of their last 6 cases before the Supreme Court if I remember correctly. https://t.co/osKCqknbIG
THE USA government has 72x more #Bitcoin to dump than #Ethereum. I would be ok with $ETH flipping $BTC now. $13B of #BTC is a lot lol. Doesn't include GOX, or the BTC Germany has ($3B). Tey've been crying wolf about selling for a decade in some cases. The public ledger is truth!