Message from @crash_matrix

Discord ID: 463167840472793088


2018-07-02 02:18:27 UTC  

Yup

2018-07-02 02:18:51 UTC  

the other cryptos suck to me , fees n addresses

2018-07-02 02:19:10 UTC  

i was lookin at steem found timcast account

2018-07-02 02:19:27 UTC  

tim mentioned he knew someone who did steem n it was bullshit. but i duno if he did or not

2018-07-02 02:19:47 UTC  

send his ass .1 steem just to be n asshole lol

2018-07-02 02:20:24 UTC  

Crypto's fine, but not for the gen pop; you have to invest in it as commensurate with your tolerance to high risk. Which most ppl foolishly don't do - they think it's like ForEx, and it's not.

2018-07-02 02:20:39 UTC  

@crash_matrix ya u would think so but hardfork 20

2018-07-02 02:20:59 UTC  

they changed bunch of crap around to make accounts cheap . so you can just start posting and build your account for labor

2018-07-02 02:21:15 UTC  

like people who make a youtube channel with a smartphone and get 1 mil subs

2018-07-02 02:21:25 UTC  

zero to making a good wage

2018-07-02 02:21:54 UTC  

lol talk about a bubble; online vid is propped up by advert revenue - it's a big pool, but it's still finite

2018-07-02 02:22:18 UTC  

@crash_matrix the payouts in this system are made by printing of new currency

2018-07-02 02:22:22 UTC  

it has no ads

2018-07-02 02:22:34 UTC  

you can ad ads on top later if you want

2018-07-02 02:22:41 UTC  

just none in the blockchain

2018-07-02 02:22:42 UTC  

Then it's not propped up by anything of value; that makes it even more dangerous

2018-07-02 02:22:56 UTC  

TIm pool doesnt provide value?

2018-07-02 02:23:03 UTC  

videos are worthless?

2018-07-02 02:23:20 UTC  

Yes. They are. Ppl think vid content is intrinsically valuable, but it isn't

2018-07-02 02:23:35 UTC  

@crash_matrix why is art worth millions

2018-07-02 02:23:38 UTC  

You can't rtade out video rights for anything in the general market

2018-07-02 02:23:38 UTC  

people love art

2018-07-02 02:23:45 UTC  

the next generation loves youtubers

2018-07-02 02:23:49 UTC  

and video creation

2018-07-02 02:23:54 UTC  

it's art

2018-07-02 02:24:09 UTC  

You know how unpredictable art trade markets are, right?!

2018-07-02 02:24:10 UTC  

art is valueable. this is art on the blockchain. exchanging value

2018-07-02 02:24:18 UTC  

so is youtube money

2018-07-02 02:24:45 UTC  

Good luck getting monetization today with a channel that speaks with any real reasoning

2018-07-02 02:24:54 UTC  

even if you are clean they take it away

2018-07-02 02:25:11 UTC  

YT is propped up by advert money, both YT and the millions of dollars Google pumps into it via Alphabet Inc

2018-07-02 02:25:24 UTC  

@crash_matrix YT is owned by google

2018-07-02 02:25:32 UTC  

google was funded by US dept of defense

2018-07-02 02:25:34 UTC  

It runs on an almost exclusively carried loss - check their annual corporate statements

2018-07-02 02:25:35 UTC  

its proped up by govt money

2018-07-02 02:25:43 UTC  

look into funding source originally

2018-07-02 02:26:05 UTC  

who dev google, and how they bought YouTube and built it into their massive monopostic system

2018-07-02 02:26:28 UTC  

so that goes back to Money is printed from thin air

2018-07-02 02:26:38 UTC  

or digitally clicked into existance now a days

2018-07-02 02:26:47 UTC  

Allowing for growth in tech

2018-07-02 02:27:25 UTC  

US gov't money doesn't just come out of thin air; don't buy into socialist mottos -> there's a lot of complicated exchange that props up the US dollar, including contracts, futures, liquidities and commodities