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Comment Re:FTX customers came out ahead, didn't they? (Score 4, Informative) 54

to be clear. What was recovered was NOT all the crypto. What happened was that between the insolvency and refund of 120% the value of the remaining crypto skyrocketted enough to refund everyone. This was not a vindication and still saw the investors get significantly less than the current value of the crypto.

Comment same story (Score 1) 46

They all disappointed as they all had very weak story lines. AI is no different to how they have used special effects or big name actors in the past. They hope it would distract enough from the fucking awful script writing quality

Comment Re:Bitcoin is Neither Investment Nor Gambling (Score 1) 153

there are multiple classes of gambling, While poker is skill based, the majority are chance based and bitcoin definitely falls on the chance based side of gambling as you are hoping that more fools enter the market than leave the market. Gold and Silver both have intrinsic underlying value due to their use in everything from jewelry, electronics, medicines and a thousand other critical components that are used every day due to the unique properties of gold and silver, Bitcoin has zero value outside being a virtual asset.

Comment lost its value (Score 1) 153

Crypto appealed to a lot of peoples greed when they thought there was tremendous upside to buying. That upside idea has really diminished if not evaporated, even as stagnant store of value bitcoin is very unappealing. It is a crap method for payments and has no intrinsic value. Even for criminal purposes it is getting dicey as the authorities are much better at tracing it now, even through tumblers and the various worldwide agreements on sharing tax information means it is not a good way to dodge tax either.

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