• Dizzy Devil Ducky@lemm.ee
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    8 months ago

    We know the person receiving the award probably isn’t smart enough to figure out why it’s pyramid shaped.

    • Spectranox@lemmy.dbzer0.com
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      8 months ago

      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.

      • H1jAcK@lemm.ee
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        8 months ago

        To be fair, being a mesh design, I would want to pick it up by the pyramid, too.

  • Mastengwe@lemm.ee
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    8 months ago

    That there’s such thing as “crypto influencers” and that they’re awarded for pulling people into the scam not only blows my mind, but also indicates how fucked we are as a whole, when it comes to being able to think critically.

  • FIash Mob #5678@beehaw.org
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    8 months ago

    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.

    • 4dpuzzle@beehaw.org
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      8 months ago

      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.

      • jarfil@beehaw.org
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        8 months ago

        People who call crypto a pyramid scheme <-> People who know the difference between pyramid and Ponzi scheme

        PS: if you think crypto is a pyramid scheme, stay away from crypto.

      • sherlockholmez@lemmy.ml
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        8 months ago

        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.

        • erwan@lemmy.ml
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          8 months ago

          You can argue that owning a piece of a company who generates value is not the same thing as owning some useless cryptographic token.

      • qwerty@discuss.tchncs.de
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        8 months ago

        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.

        • 4dpuzzle@beehaw.org
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          8 months ago

          I was talking about the use of crypto as an investment, not as currency. While the latter was the purpose that cryptocurrencies were originally designed for, the former now far outweighs it.