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His face tells me everything I need to know.
In older scams, these people are called the âtoutsâ and earn a commission for every rube they bring in.
Check out the BBC podcast on the One Coin scam, it's beyond me how these people can live with having destroyed so many lifes (yes, I know how, by hallucinating a world where they're the good guys):
Agreed that crypto influencers are atrocious people.
However, when crypto has had three booms in seven years, you can ridicule it all you want, but it makes sense to put a small percentage of your investment money into it.
The return of investment on crypto doesn't come from any value it generates. It comes from other people who made bad bets and lost their money on the same. That makes investing in crypto the same as participating in a Pyramid. Your argument, if taken for face value, can easily be extended to defend pyramid schemes.
The same is, however, true for most of the stock market.
The only counter argument is dividends, which are extremely rare in most industries, and barely a dent relative to an investor's portfolio.
I use crypto to privately pay for my VPN, phone bill, to donate to foss projects. I sold some digital items online for crypto. I use it because it's faster, more private (if done correctly) and convenient than using a credit card or bank transfer. No one can seize, freeze, or control my crypto. I can donate, pay or get paid on my own terms with no middle man. If visa, mastercard, banks or fintech companies generate value then so does crypto.
Thank you for your reply.
This suggestion makes you a crypto influencer now.
If it sounds like a scam and looks like a scam, then it IS a scam.
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Illuminati!
It looks like an upside down funnel to me!
We know the person receiving the award probably isn't smart enough to figure out why it's pyramid shaped.
Like how they decided they'd hold it by gripping the top of the pyramid, not the base plate like a usual sane person.
I bet if you asked them to hand you a drink, they'd hold it from the top with two fingers dipped into the fluid. Then proceed to be confused as to why you don't want to drink it anymore.
To be fair, being a mesh design, I would want to pick it up by the pyramid, too.