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** Nevermind, what he said ^^^ ** 😂😂
I'm some what new to it all of this but I've been forced to listen to it in some of the podcasts I listen too. From my small understanding he'll release a limited amount of 'coins'. If he does it well, he will offer 'special' coins that may offer special benefits like a one yearly ride day with him or a quarterly merch pack. Depending on his popularity, news or if the owners are struggling to pay for their only fans subscriptions, they may look to sell them for a higher or lower price to another buyer. Each time they sell, the coin owners will most likely take a small percentage cut each transfer. There's actually some really cool ideas floating around with coins and NFT's and it could be something privateers may use rather then just a gofundme page
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What I can't stand is the snob attitude towards normal folks like myself, from the people on this wagon, like if we, the people who actually work, etc are idiots. As for the topic of this thread, good luck to Seeley in his new endeavor.
It can be done in a good way that can bring value to someone rather than just a simple donation. Another example/ way of explaining it is imagine Coty Schock had something like a gofundme with limit 'slots' starting last year.
He could have initially released 90 slots at $10 each with a code included into the purchase that allows them to join a private group chat that he'd keep his 'fans' updated in and would answer questions on. He also releases a different 10 slots at $50 each and they get that bonus, plus a worn jersey/ gloves/ gear ect once a year.
It can basically be used like a patreon/ only fans/ subscription service with only a limited amount of spots, if you want to leave you sell to someone trying to get in. Those theoretical slots would be worth double that right now.
There's levels to this stuff and there's some really creative and cool ways to use it to benefit all involved. Sadly there will be more versions of this that are just money grabs than ones that are meant for good.
PS. I've never met a single soul that has admitted to losing money in the crypto scene. Coincidentally, not a single one of my buddies has admitted to getting hosed after a night at the poker table.
No one is twisting your arm to learn the ins and outs of crypto currencies, but you should at least have enough self awareness to understand crypto currencies are here to stay and will likely be a preferred currency at some point in the future, predominantly due to the insane safety of blockchain transaction. We already live in a world where you can use some crypto currencies to pay directly from a crypto wallet without exchanging to USD. Why do you think the SEC and FED are so he’ll bent on figuring out how to regulate?
You know what else is “speculative gambling?” Buying a home on a 30yr mortgage.
I have a friend who owns a metal tradings firm and he said he won't touch crypto because it's used for all kinds of money laundering. I have no idea if it's true but he runs a pretty big company.
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And buying it at $5k and selling it at $50k.
Would that be a good thing?
Was it “speculative”?
It was profitable
Electricity to power the miners is coming from ICE generators running on oil well flare gas..
And trust me, you’re not dumb, this stuff is very complex and I’m not even going to begin to pretend that I’m some sort of genius that understands it all and knows where it’s going, nobody does. We’re very early in this revolution and everyone has a lot to learn, we just all have to start somewhere.
And wasting a shitton of the worlds energy for absolutely no reason at all.
Bitcoin was supposed to be this "bank free" currency and everything was supposed to be so great and free and you can use it anywhere and its the best thing in the world. We are 12 years deep at this point and all it has been doing is eating a fuckton of energy that could be used elsewhere and it isnt useful for anything.
Someone mentioned pyramid scheme and thats exactly what it is. Altcoins are even worse.
At least I believe that the Bitcoin creaters originally had good intentions and a dream of making a state/bank free currency only to have it fail to do that massively. These altcoin bullshit are just scams.
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