Rhg1084 Posted June 22, 2022 Share Posted June 22, 2022 Who was his financial advisor ?? 1 Quote Link to comment Share on other sites More sharing options...
CSNY Posted June 22, 2022 Share Posted June 22, 2022 The guy who stated he’s “ rich as FUCH” Adam Gase. Quote Link to comment Share on other sites More sharing options...
IndianaJet Posted June 22, 2022 Share Posted June 22, 2022 Fake news Quote Link to comment Share on other sites More sharing options...
Hal N of Provo Posted June 22, 2022 Share Posted June 22, 2022 12 minutes ago, IndianaJet said: Fake news Good. That would have been so stupid. Quote Link to comment Share on other sites More sharing options...
Popular Post RutgersJetFan Posted June 22, 2022 Popular Post Share Posted June 22, 2022 2 6 Quote Link to comment Share on other sites More sharing options...
Popular Post neckdemon Posted June 22, 2022 Popular Post Share Posted June 22, 2022 meh a year from now bitcoin will probably hit 100k 3 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Maxman Posted June 22, 2022 Popular Post Share Posted June 22, 2022 2 hours ago, RutgersJetFan said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. 7 1 Quote Link to comment Share on other sites More sharing options...
BurnleyJet Posted June 22, 2022 Share Posted June 22, 2022 Just don’t sell it will go back up when the Bull markets return. Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted June 22, 2022 Share Posted June 22, 2022 59 minutes ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. I think the difference is that with the toothpaste scenario the worst outcome is a root canal because the toothpaste didn’t work. I’m not sure what the exact line is between false marketing and a Ponzi scheme but this is more pernicious. If one uses their star power to call people pussies for not gambling at a casino, he’s not exactly responsible for their decisions but he did shill for it and that matters. 3 Quote Link to comment Share on other sites More sharing options...
RedBeardedSavage Posted June 22, 2022 Share Posted June 22, 2022 1 hour ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. I understand where you're coming from, but I feel this is different considering it's an investment. This isn't "oh, that toothpaste? Yea its overpriced and Crest Pro Health is cheaper and more effective." Idk, it does seem like there's a lot more grift these days? 1 Quote Link to comment Share on other sites More sharing options...
Maxman Posted June 22, 2022 Share Posted June 22, 2022 19 minutes ago, RutgersJetFan said: I think the difference is that with the toothpaste scenario the worst outcome is a root canal because the toothpaste didn’t work. I’m not sure what the exact line is between false marketing and a Ponzi scheme but this is more pernicious. If one uses their star power to call people pussies for not gambling at a casino, he’s not exactly responsible for their decisions but he did shill for it and that matters. Yeah it was definitely aggressive. The bold. The Brave and all that. Would love the equivalent like you said. Calling people out for not gambling more at casinos that would be great. 1 Quote Link to comment Share on other sites More sharing options...
jgb Posted June 22, 2022 Share Posted June 22, 2022 Since when does money need to be advertised? If there are celebrity endorsers, then no, it’s not “just like money.” 1 Quote Link to comment Share on other sites More sharing options...
Jet9 Posted June 22, 2022 Share Posted June 22, 2022 I don't know where I stand on the whole crypto thing. I own some but a very very small amount. I certainly know where I stand on fiat money ( complete nonsense). All that said, the schadenfreude on this is weird to me. And I agree, give it a bit and see where it is. Then again, I have a problem with authority, so... Quote Link to comment Share on other sites More sharing options...
jgb Posted June 22, 2022 Share Posted June 22, 2022 3 hours ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. The kind of people who get mad at paid actors shilling products are the same ones who are influenced by them. In summation: dummies. 3 1 Quote Link to comment Share on other sites More sharing options...
neckdemon Posted June 22, 2022 Share Posted June 22, 2022 3 hours ago, Jet9 said: I don't know where I stand on the whole crypto thing. I own some but a very very small amount. I certainly know where I stand on fiat money ( complete nonsense). All that said, the schadenfreude on this is weird to me. And I agree, give it a bit and see where it is. Then again, I have a problem with authority, so... crypto is just getting started really. it's going to have a real future. it's just very early. the ones who invest in the crypto currencies that will actually make it are going to be very rich (some already are obviously) Quote Link to comment Share on other sites More sharing options...
jgb Posted June 22, 2022 Share Posted June 22, 2022 10 minutes ago, neckdemon said: crypto is just getting started really. it's going to have a real future. it's just very early. the ones who invest in the crypto currencies that will actually make it are going to be very rich (some already are obviously) So basically it’s the dot com boom. Most will get wiped out but those that correctly/luckily pick the winners will profit mightily. 1 1 Quote Link to comment Share on other sites More sharing options...
batman10023 Posted June 22, 2022 Share Posted June 22, 2022 6 hours ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. I suspect they have some research backing up the 3 out of 4 dentist claim. I have no strong view on crypto but if it fails it will be pretty silly when we look back on it. Even greater silliness than the Dutch tulip scandal. the original and early adopters of Bitcoin have a trillion dollars worth of reason to promote bitcoin. Who cares if they give each actor 10mm to promote bitcoin. They need to have buyers of their illiquid assets. 1 Quote Link to comment Share on other sites More sharing options...
batman10023 Posted June 22, 2022 Share Posted June 22, 2022 16 minutes ago, neckdemon said: crypto is just getting started really. it's going to have a real future. it's just very early. the ones who invest in the crypto currencies that will actually make it are going to be very rich (some already are obviously) The early adopters are already on paper fabulously wealthy. They need liquidity. 1 Quote Link to comment Share on other sites More sharing options...
Biggs Posted June 22, 2022 Share Posted June 22, 2022 6 hours ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. It was one of the greatest sell signals of all time. Thank you Matt Damon. 1 4 Quote Link to comment Share on other sites More sharing options...
slats Posted June 22, 2022 Share Posted June 22, 2022 1 hour ago, neckdemon said: crypto is just getting started really. it's going to have a real future. it's just very early. the ones who invest in the crypto currencies that will actually make it are going to be very rich (some already are obviously) Seems to me that the real appeal of crypto is its anonymity, that it can be as discreet as cash payments but over an electronic platform. It’s also attractive to people who like to see themselves as outside the government, using their own money choice while spurning their county’s. The fact that it blew up in value certainly didn’t hurt, lol. But I think the US seizures of some crypto ransom money (https://www.wsj.com/articles/u-s-seizes-6-1-million-in-cryptocurrency-in-ransomware-crackdown-11636407681) have kinda blown up the major cases for the currency. It’s not as secure as originally believed, and the government clearly intends to get a handle on any so-called currency that can be used for illegal activity. The fact that it hasn’t proven to be the hedge against inflation that it claimed to be, I’m sure, is also disconcerting. I’m really not sure what its future holds. I’m not placing any bets on it at this time. 2 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted June 22, 2022 Share Posted June 22, 2022 Bitcoin is very volatile. You have to plan on holding it for at least 4 years if you buy it. Looking at it in short time frames can show dramatic losses but there has never been a 4 year period where a loss occurred. It's all on paper unless these guys decided to wait for the price to drop out and sell. I would hope that anyone selling them on accepting bitcoin as salary would have gone over this with them. Quote Link to comment Share on other sites More sharing options...
Popular Post freestater Posted June 22, 2022 Popular Post Share Posted June 22, 2022 8 hours ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. The Joe Namath ads where he's trying to get seniors to call these "social security help hotlines' are really cringe-inducing. 6 Quote Link to comment Share on other sites More sharing options...
chirorob Posted June 22, 2022 Share Posted June 22, 2022 9 hours ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. That's like getting mad at actors who do a paid add for a medication that causes side effect. They are literally people who are paid to pretend something. Don't get mad that they pretended, that is what acting is, it is playing "Make Believe" at a higher level. 1 Quote Link to comment Share on other sites More sharing options...
THE BARON Posted June 22, 2022 Share Posted June 22, 2022 12 hours ago, CSNY said: The guy who stated he’s “ rich as FUCH” Adam Gase. No, Gase was *OUR* loss. A GREAT big one. That crime eclipsed those of Michael Miklen, Ivan Boesky, Jordan Belfort & Bernie Madoff combined. Quote Link to comment Share on other sites More sharing options...
Biggs Posted June 22, 2022 Share Posted June 22, 2022 21 minutes ago, chirorob said: That's like getting mad at actors who do a paid add for a medication that causes side effect. They are literally people who are paid to pretend something. Don't get mad that they pretended, that is what acting is, it is playing "Make Believe" at a higher level. Irritable bowel syndrome 101 is now required in all acredited Method acting school. 1 Quote Link to comment Share on other sites More sharing options...
Warfish Posted June 22, 2022 Share Posted June 22, 2022 9 hours ago, Maxman said: I see a bunch of people getting mad at paid actors for being quiet during the crypto crash. What should they do apologize? What's next someone apologizes because they don't actually have proof that 3 out of 4 dentists endorsed the toothpaste they told us to buy? The outrage is funny. Actors would tell you to do pretty horrible things if they were getting 7 figures to do it. This isn't anything new. If you're investment strategy is driven purely by what an actor tells you in a commercial, you're an idiot, and you deserve to lose all your money. 1 Quote Link to comment Share on other sites More sharing options...
CSNY Posted June 22, 2022 Share Posted June 22, 2022 1 hour ago, THE BARON said: No, Gase was *OUR* loss. A GREAT big one. That crime eclipsed those of Michael Miklen, Ivan Boesky, Jordan Belfort & Bernie Madoff combined. Mmmmmmm interesting take. If Gase had such an innovative offense it’s a wonder that I haven’t heard of him getting another NFL job Would have figured he would have been hired by now Quote Link to comment Share on other sites More sharing options...
bitonti Posted June 22, 2022 Share Posted June 22, 2022 8 hours ago, Jet9 said: I certainly know where I stand on fiat money ( complete nonsense). people who use the word "Fiat" currency are announcing in public they just don't understand modern economics what's your suggestion, go back to the gold standard? cmon money is always worth what people think it's worth and it doesn't matter if that money is made of gold, paper, beads or digital bytes Quote Link to comment Share on other sites More sharing options...
Dcat Posted June 22, 2022 Share Posted June 22, 2022 3 minutes ago, bitonti said: people who use the word "Fiat" currency are announcing in public they just don't understand modern economics what's your suggestion, go back to the gold standard? cmon money is always worth what people think it's worth and it doesn't matter if that money is made of gold, paper, beads or digital bytes Bit, How in the world did you not get a big fat check when they named it "Bitcoin" all those years ago? Shoulda got something.... 3 Quote Link to comment Share on other sites More sharing options...
THE BARON Posted June 22, 2022 Share Posted June 22, 2022 16 minutes ago, CSNY said: Mmmmmmm interesting take. If Gase had such an innovative offense it’s a wonder that I haven’t heard of him getting another NFL job Would have figured he would have been hired by now Umm... I think you misunderstood my post. The Jets LOST when Gase was hired. That was the crime. Mr. Coffee saddled the Jets with a con man that we all saw coming. THAT was the crime. Quote Link to comment Share on other sites More sharing options...
Lurker89 Posted June 22, 2022 Share Posted June 22, 2022 People who are interested in the craziness of early crytpo and the black market should look into " The Silk Road" and Ross William Ulbricht. The mid to late 2000s were pretty nuts. Peak internet capabilities to wild west ratio. Quote Link to comment Share on other sites More sharing options...
Lurker89 Posted June 22, 2022 Share Posted June 22, 2022 50 minutes ago, bitonti said: people who use the word "Fiat" currency are announcing in public they just don't understand modern economics what's your suggestion, go back to the gold standard? cmon money is always worth what people think it's worth and it doesn't matter if that money is made of gold, paper, beads or digital bytes Not necessarily incorrect but not a nuanced enough take. The true problem with fiat lies in how its easily manipulated in a command economy. I.E. the current fed reserve to M1 money supply scenario we are living in. Arguments could be made as to why that relationship currently exists and one could postulate that it's fighting fire with fire when it comes to Chinas agressive inflationary economic model. A monetary supply with a physical backing or standard is less easily manipulated, but is still manipulated. If you look at rise and fall scenarios for countries and empires banking plays a major role. A switch from a monetary supply with a hard physical backing to one of strictly fiat with no real underlying structure than the Fiat (faith) in the currency is the sign of burgeoning economic growth at that moment but also a huge red flag for the inevitable death spiral of the entity in question in my opinion. Without hard stops mankind has shown time and time again it will blow through most failsafes. Bitcoin is an interesting case study because instead of a hard physical backing it has a hard digital backing of 21 million bitcoin total or 2,100,000,000,000,000 Satoshis ( I think thats enough zeros ?) The whole system going digital is worriesome in its own right. If for some reason the internet is irretrievably down or electronics are fried doesnt matter how much you've invested in BTC. Optimism Bias is not prudent with the current state of the flames. 2 Quote Link to comment Share on other sites More sharing options...
Jet9 Posted June 22, 2022 Share Posted June 22, 2022 51 minutes ago, bitonti said: people who use the word "Fiat" currency are announcing in public they just don't understand modern economics what's your suggestion, go back to the gold standard? cmon money is always worth what people think it's worth and it doesn't matter if that money is made of gold, paper, beads or digital bytes We disagree so that means I don't know what I'm talking about? K. Maybe look into the buying power of a dollar since the invention of the Fed and get back to me. Not sure what's wrong with having your money actually based on something rather than what some suit from the Uni-Party tells you. 1 Quote Link to comment Share on other sites More sharing options...
bitonti Posted June 22, 2022 Share Posted June 22, 2022 15 minutes ago, Jet9 said: We disagree so that means I don't know what I'm talking about? K. Maybe look into the buying power of a dollar since the invention of the Fed and get back to me. Not sure what's wrong with having your money actually based on something rather than what some suit from the Uni-Party tells you. Why is gold worth anything? It's shiny soft and conducts electricity It's not suitable for tools or weapons It's because of tradition. There's no intrinsic value for anything As for the value of the US dollar yes it makes sense that it would fall since the peak of the American empire in the 1960s Just because a currency goes up or down does not mean that it has no value. In fact currency can only inflate or deflate it never stays exactly stable Bitcoin is not a currency. It's a risk investment like a tech stock 2 Quote Link to comment Share on other sites More sharing options...
Jet9 Posted June 22, 2022 Share Posted June 22, 2022 3 minutes ago, bitonti said: Why is gold worth anything? It's shiny soft and conducts electricity It's not suitable for tools or weapons It's because of tradition. There's no intrinsic value for anything As for the value of the US dollar yes it makes sense that it would fall since the peak of the American empire in the 1960s Just because a currency goes up or down does not mean that it has no value. In fact currency can only inflate or deflate it never stays exactly stable Bitcoin is not a currency. It's a risk investment like a tech stock Go back to 1913. Quote Link to comment Share on other sites More sharing options...
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