The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[Heartbreaker]

Good plan. Avoid all wrongthink and you'll be fine.

Most people don't accidentally become drug dealers and money launderers.

But if you feel so close to the line, that you need to worry about the government coming after your assets, you do you...

 

[DrMrLordX]

WT actual F does that link you posted have to do with bank runs? Do you even know what a run on a bank is?

A large group of people had their accounts locked, and you wonder what that has to do with access to deposits?

Most people don't accidentally become drug dealers and money launderers.

. . . or protest their own elected government.

But hey you'll never do anything wrong or just get the short end of the stick so, have a nice day.

 

[Heartbreaker]

. . . or protest their own elected government.

You mean take part in a white supremacist, illegal blockade that ruined businesses and made peoples lives hell for a month.

Yeah, most people don't do that either.

 

[Heartbreaker]

More info coming out about the Celcius bankruptcy/scam. They dumped much more info in court than needed. Naming everyone who got screwed over. 10 individuals lost over 12 million dollars, but execs pulled their money before they accounts were locked:

New Tool Shows Just How Much Users Lost in Celsius Bankruptcy - Decrypt

Using data likely pulled from its bankruptcy filing, a new tool now shows exactly how much different users lost following Celsius' collapse.

decrypt.co

It also appears that Celsius’ executives made out just fine from the company’s crash. Before freezing user accounts and filing for bankruptcy, CEO Alex Mashinsky reportedly withdrew $10 million from the company. He later said $8 million of it was needed to pay for his state and federal taxes.

Chief strategy officer and co-founder Daniel Leon, meanwhile, withdrew $7 million from the platform before its shutdown, according to the latest court filing.

 

[DrMrLordX]

You mean take part in a white supremacist

Oh don't worry. I'm sure it'll be something else next time. All it takes is a change in government.

 

[Heartbreaker]

Oh don't worry. I'm sure it'll be something else next time. All it takes is a change in government.

Yeah, first they came for the white supremacists, and drug dealers, and I didn't speak out...

Oh wait, I am speaking out. They should go after drug dealers, and white supremacists doing illegal blockades...

This isn't a case of going after decent people. It's going after criminal scum. If this blockade had happened in the US capital, they would have had the national guard roll in on them within a day, in Canada after a month they go after their funding... Cry me a river...

 

[sdifox]

Yeah, first they came for the white supremacists, and drug dealers, and I didn't speak out...

Oh wait, I am speaking out. They should go after drug dealers, and white supremacists doing illegal blockades...

This isn't a case of going after decent people. It's going after criminal scum. If this blockade had happened in the US capital, they would have had the national guard roll in on them within a day, in Canada after a month they go after their funding... Cry me a river...

Obviously you missed Jan 6 lol

 

[Heartbreaker]

Obviously you missed Jan 6 lol

Pretty sure they were gone before a day elapsed...

 

[sdifox]

Pretty sure they were gone before a day elapsed...

More commenting on the white privilege.

 

[Zorba]

I'm sure he's doing ok as he has a huge chunk of Tesla stock - but basically the guy got lucky, struck lightning once and every major decision he posted about since on here has all bombed, and he thought he was some stock god. No bro, it was a one time thing.

This is how the house always wins.

 

[darkswordsman17]

Yeah, I can see why. It proves that the "crypto nutters" were right all along.

No, you "see" because you are one of the crypto nutters, desperate to try and make that into something much more than it was. I do love how immediately "some YouTubers also got their accounts locked, zOMG, the New World Order is showing its hand!" hilarious reactions as though YouTube doesn't fuck up and accidentally lock accounts every single day. Meanwhile you seem totally fine with the seemingly unending brazen scummy behavior rife in the crypto markets.

It is interesting that DrMrLordX went full nutter after the Paypal story too. I did get a chuckle "I know a dude that lost his crypto after he died!" Er...yeah generally when you die you lose all the shit you had... It was extra amusing he posted that immediately after saying how crypto is totally fine and problem free if you just remember your own password and don't use exchanges or anything, but then lamented that the guy didn't have anything in place so that his family could get his money if he should suddenly die.

There's this weird blindness to the blatant greed inherent in crypto whilst they constantly cite greed elsewhere as the reason that crypto will supposedly save us all. Its like the Turmp supporters that claim to support him because they're against corruption. Yup, supporting even more brazen corruption I'm sure is totally the way to our salvation...

 

[VirtualLarry]

Er...yeah generally when you die you lose all the shit you had...

No, that's just your world of make-believe video games...

In the Real World, your property (especially financial holdings) go to your next-of-kin, often after a hearing in Probate court.

Maybe you would know such things if you ever got out of your basement.

 

[DrMrLordX]

Yeah, first they came for the white supremacists, and drug dealers, and I didn't speak out...

P&N be that way -->, I hope you're aware that not everyone considers Canadian truckers to all be white supremacists. But it's an easy way to blackball people with a complaint without actually regarding the complaint. Wake me when some conservative theocrat locks people's account for getting involved with the p0rn industry or payday lenders.

Wait a second, that already happened, and it was . . .

There's no downplaying the impact of Operation Choke Point

Newly unsealed court documents make clear that regulators forced banks to terminate relationships with payday lenders and other lawful businesses, setting a dangerous precedent.

www.americanbanker.com

Barack Obama?!?!? you don't say.

Now if we're done with stupid thread derails, I'll return to my actual point: people who lose their crypto as a part of poorly-audited DeFi smart contracts or from exchange hacks took risks and got burned, don't act like banks are the only way to keep your money "safe". If that's what you call it.

 

[sdifox]

P&N be that way -->, I hope you're aware that not everyone considers Canadian truckers to all be white supremacists. But it's an easy way to blackball people with a complaint without actually regarding the complaint. Wake me when some conservative theocrat locks people's account for getting involved with the p0rn industry or payday lenders.

Wait a second, that already happened, and it was . . .

There's no downplaying the impact of Operation Choke Point

Newly unsealed court documents make clear that regulators forced banks to terminate relationships with payday lenders and other lawful businesses, setting a dangerous precedent.

www.americanbanker.com

Barack Obama?!?!? you don't say.

Now if we're done with stupid thread derails, I'll return to my actual point: people who lose their crypto as a part of poorly-audited DeFi smart contracts or from exchange hacks took risks and got burned, don't act like banks are the only way to keep your money "safe". If that's what you call it.

Find me the non white Aldo

Photos: The Canadian trucker protests | CNN

Law enforcement officers on Friday began an unprecedented operation to remove protesters and their trucks and cars that have been blockading streets in Canada's capital of Ottawa. Police continued to clear the streets and make arrests on Saturday.

www.cnn.com

 

[DrMrLordX]

Find me the non white Aldo

Nice straw man? And no, I'm not going to waste my time finding a "non-white Aldo". You can think of those people whatever you want. The appropriate response was to tow their trucks, not lock their bank accounts. Eventually the trucks were towed without much incident. Makes you wonder why nobody thought to do so earlier.

Now, are you going to continue to thread derail?

 

[sdifox]

Nice straw man? And no, I'm not going to waste my time finding a "non-white Aldo". You can think of those people whatever you want. The appropriate response was to tow their trucks, not lock their bank accounts. Eventually the trucks were towed without much incident. Makes you wonder why nobody thought to do so earlier.

Now, are you going to continue to thread derail?

I did not bring up the Ottawa trucker protest, you did.
Also the freezes are targeted, not blancket. And mostly temporary.

You asserted it was not driven by white supremacists and I invited you to point to one non white protester.

Banks begin unfreezing accounts of Freedom Convoy supporters: finance official

Financial institutions have begun unfreezing the accounts of individuals who supported the Freedom Convoy's efforts, according to Isabelle Jacques, an assistant deputy minister at the Department of Finance.

www.ctvnews.ca

Ottawa truckers' convoy galvanizes far-right worldwide

Leading Republicans, right-wing influencers and white supremacist groups have jumped at the chance to promote the standoff in Ottawa to a global audience.

www.politico.com

 

[DrMrLordX]

I did not bring up the Ottawa trucker protest, you did.

And? How is it acceptable to lock someone's finances so people can't send them money for food or other necessities? Even if you don't like them?

Also the freezes are targeted, not blancket. And mostly temporary.

That doesn't make it any better!

You asserted it was not driven by white supremacists and I invited you to point to one non white protester.

Again, nice straw man. White people aren't automatically supremacists. Take your racist claptrap somewhere else. This isn't P&N.

You're still derailing. My main point is that banks can lock you out capriciously, and I proved it. Stop griping at me just because you agree with authoritarian overreach.

 

[sdifox]

And? How is it acceptable to lock someone's finances so people can't send them money for food or other necessities? Even if you don't like them?



That doesn't make it any better!



Again, nice straw man. White people aren't automatically supremacists. Take your racist claptrap somewhere else. This isn't P&N.

You're still derailing. My main point is that banks can lock you out capriciously, and I proved it. Stop griping at me just because you agree with authoritarian overreach.

The capital was under siege. Freezing their accounts encourage them to leave. They are impacting local citizens' livelyhood after all. What's good for the goose is good for the gander.

I love hoow you paint it as overreach. I wish they arrested the lot by end of first week.


You could be court ordered to be without internet, your cryptos are not going to fare better than dollars at that point.


I don't think it is possible to talk about crypto without politics since one of the main argument crypto lovers espouse is avoiding government interference.

 

[Heartbreaker]

P&N be that way -->, I hope you're aware that not everyone considers Canadian truckers to all be white supremacists.

Most Canadian Truckers did not support the far right fringe led by a self avowed racist (Pat King), that was blockading the capital.

You're still derailing. My main point is that banks can lock you out capriciously, and I proved it. Stop griping at me just because you agree with authoritarian overreach.

I agree with freezing of criminals assets, wether they are in banks or trying to hide in crypto-coins:

Canada Orders Freeze Of 34 Cryptocurrency Accounts Connected To ‘Freedom Convoy’ | The Daily Wire

www.dailywire.com

Canadian authorities have sanctioned 34 cryptocurrency wallets connected to the “Freedom Convoy” trucker protests in Canada, after Prime Minister Justin Trudeau announced he was taking even more aggressive measures to crack down on the protests.
...

The Globe and Mail, a Canadian news outlet, confirmed that the police agencies ordered several crypto exchanges and financial institutions to “cease facilitating any transactions” with all of the wallets as part of an investigation “in relation to illegal acts falling under the scope of the Emergency Measures Act.”

 

[DrMrLordX]

I agree with freezing of criminals assets

Ahahahah what? You're going down that road? You're insane. Go back to P&N with that, please. You can't just freeze the assets of any criminal for any reason. Civil forfeiture is already completely out of control, and now you want to lock out bank accounts for people protesting? Give them 24h in jail and tow their crap out of the way, don't starve them. Sure hand them all bills for the tow but cmon now, what is wrong with you?

The capital was under siege. Freezing their accounts encourage them to leave.

So does towing the trucks! Which is what they did, and it worked! Nobody got shot, nobody got hurt. How stupid can you be to think that it's a good idea to just starve them out? That kind of passive-aggressive nonsense is what let the protest go on as long as it did. Total lack of leadership.

And why are you still derailing? What does any of this have to do with disproving the idea that banks are safe? You're both just ranting about white supremacists or whatever is your stupid agenda. At least one of you actually agrees with the idea of banks locking accounts, as if every criminal protester out there were running an Al Qaeda terrorist cell. Which they weren't. But hey thanks for reinforcing my point that politicians and bureaucrats can and will debank you if you rub them the wrong way. Why anyone would actually be in favor of that is completely beyond imagination. One election goes the wrong way and now all your buddies are "criminals" getting debanked, how does that make any sense? Would either one of you like to see the Trump tards ruin the finances of street protesters blocking a thoroughfare or something?

Are we going to debank people for double parking next?

You are both balls-to-the-walls crazy. Please get that crap out of here.

 

[Heartbreaker]

Ahahahah what? You're going down that road? You're insane.

Calling people names isn't an argument.

Also, you seem to be willfully ignoring that they froze the Crypto wallets of the miscreants as well.

It nullifies your argument that crypto lets you evade the government control.

Your whole reason for bringing up this blockade quagmire is completely moot.

 

[Heartbreaker]

(cowardly downvotes my post)

How about, instead cowardly, and silently down voting my post, you address the point in it, that you have an issue with.

It's a straight forward, small post, so it can't be that hard to say what you so strongly disagree with?

 

[VirtualLarry]

First of all, your post was "misinformation". You failed to distinguish between Exchange "wallets" (numbers on a balance sheet, in control of a centralized authority, in which you do not control your keys) and self-custodial wallets (which is under control of the owner, and has control of their keys). The authorities CANNOT FREEZE self-custodial wallets on the blockchain.

Now, if you had your way, then you would have just been "fined" $2500 in your Paypal account, for posting misinformation on social media.

I guess that's fine by you, though. After all, only "criminals" get hurt by those sorts of policies...

 

[Heartbreaker]

First of all, your post was "misinformation". You failed to distinguish between Exchange "wallets" (numbers on a balance sheet, in control of a centralized authority, in which you do not control your keys) and self-custodial wallets (which is under control of the owner, and has control of their keys). The authorities CANNOT FREEZE self-custodial wallets on the blockchain.

The story doesn't distinguish. It's probable that they might have set up a group access to a wallet on an exchange to receive donations. Their individual self-custodial wallets might have escaped notice.

If your main argument is government evasion, I'd suggest that over time, that is going to become a more shaky foundation for an argument, as they make it a priority to track and identify transactions, and outlaw things like crypto "Mixers".

 

[VirtualLarry]

If you main argument is government evasion, I'd suggest that over time, that is going to become a more shaky foundation for an argument, as they make it a priority to track and identify transactions, and outlaw things like crypto "Mixers".

Obviously, if they asked for people to man the Gas Chambers... you would be first in line!