The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations
Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.
Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.
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also you can invest in companies and genuinly own a portion of them on the regular financial system that’s what capitalism is
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well that makes no sense if it’s the same amount of money being bet
I’m confused. The rich and poor can bet 50k on a company? Surely you see the difference between losing 50k making 50k a year and losing 50k as a multimillionaire.
yes but if you can’t afford to loose 50K on the stock market you can’t afford to loose 50K on crypto
crypto currency does nothing to deal with the issue of whether or not you can afford to gamble money on it
People have bills man
1,000,000- 50,000= 950,000
50k-50k= 0
Who can afford food after that?
Affording something is just about having the cash on hand to buy it. If you can’t deal with the consequences of the loss you’re not really affording it no?
Even with less extreme numbers the point still stands. You’re misrepresenting and or misunderstanding UlyssesT.
No that’s simply not my point the actual sum we’re talking about isn’t the important point.
The point is that if you cannot afford to loose $x on the stock market then you cannot afford to loose $x on crypto because they are both gambling and so that legitimate criticism of the stock market is not an advantage of crypto
I have been saying afford to loose rather than afford to spend this whole time
no it fucking isn’t
you are high n your own farts lmao