Bitcoin currency of the future?

[Luminaire]

So the holocaust is not objectively wrong. Gotcha bud.

By what measure you ask? The measure of suffering.

DerFraudsbar is attempting to successfully equate eating meat to the Holocaust.

Essentially, what he means is "Death to all Omnivores and Carnivores" throw them in the Vegan Gulags for their crimes on all life. Cats, Dogs, People, Praying Manti'... in the Vegan Gulag you go!

 

[Luminaire]

There is no evidence that a moral system should be based on suffering. That is an opinion. That is a lazy Sam Harris argument. Old as time. Utilitarianism garbage. Suffering is not always bad.

Suffering is seriously a fundamental tenet of life itself.

 

[xcvbn]

Well at that point you're forced to include scale. The DOW dropped almost 10% over a few days, pretty nasty to be honest.

However, not comparable to the 65% drop that Bitcoin experienced in the last month.

If the DOW loses 65% and ends up at $9000 next month, then I guess we will have an apt comparison.

The Dow dropped 50% in a year and the entire world financial markets went into shock. The one comparison I made between stocks and crypto was that their volatility shares some similarities when you look at stocks on a 1year or so basis and crypto on a 1 month or so basis. A really general comparison is that a 50% drop in DJIA, for instance, represents trillions in fiat and that a 50% drop in bitcoin is 100 billion or so. In reality there is no comparison....like this last week. The stock market drop made the month-long crypto drop look like peanuts

 

[Der Eisbär]

There is no evidence that a moral system should be based on suffering. That is an opinion. That is a lazy Sam Harris argument. Old as time. Utilitarianism garbage. Suffering is not always bad.

Trying to tie subjective human experience to cold material science is a fool's errand. The two are not related to each other.

Even that being the case, how is there no evidence for morality being tied to needless suffering? Societies that allow mass suffering die and perish. Those that don't allow it last longer and are more successful. Thats sociological evidence.

 

[xcvbn]

You aren't up nothing till you cash out. You're still a mark for holding. Why not sell when it was more than double the price genius? lol

Short term vs long term capital gains taxes you fucking moron

My bank's still good off the bit I sold last summer but nice try.....enjoy your $1.70 you made today!!! Be sure to tip your barista

 

[JonesBones]

Short term vs long term capital gains taxes you fucking moron

My bank's still good off the bit I sold last summer but nice try.....enjoy your $1.70 you made today!!! Be sure to tip your barista

you are very angry. I made much more than 1.70 today buddy.

 

[xcvbn]

you are very angry. I made much more than 1.70 today buddy.

 

[Luminaire]

The Dow dropped 50% in a year and the entire world financial markets went into shock. The one comparison I made between stocks and crypto was that their volatility shares some similarities when you look at stocks on a 1year or so basis and crypto on a 1 month or so basis. A really general comparison is that a 50% drop in DJIA, for instance, represents trillions in fiat and that a 50% drop in bitcoin is 100 billion or so. In reality there is no comparison....like this last week. The stock market drop made the month-long crypto drop look like peanuts

I think you're trying to apply your disagreement with JonesBones to me for some reason.

All I said was that this months Crypto crash hadn't been experienced before, you can't ignore that sheer volume in market cap that was lost simply because it endured a similar crash in 2013 when the market cap was a fraction of what it is today. I feel that's pretty objective.

Crypto's today behave like highly volatile speculative stocks... like Bio-techs in clinical trials etc.

 

[JonesBones]

I would like to hear the story on your 250,000 percent btw

 

[Nik123]

There is no evidence that a moral system should be based on suffering. That is an opinion. That is a lazy Sam Harris argument. Old as time. Utilitarianism garbage. Suffering is not always bad.

Your stupidity never ceases to amaze me Bones.

Inflicting pain and/or suffering on others on the grounds of racial discrimination, per the example we are taking about here is plain morally wrong. Yes suffering is not always bad, but inflicting suffering on others because you believe they are sub-human and you are a superior race...........is always bad.

‘There is no evidence that a moral system should be based on suffering’. Oh really? Then explain to us all why virtually every single religion or socio-ethical paradigm clearly states that inflicting suffering on others is morally wrong. That’s a pretty substantial body of evidence wouldn’t you say?

 

[xcvbn]

I think you're trying to apply your disagreement with JonesBones to me for some reason.

All I said was that this months Crypto crash hadn't been experienced before, you can't ignore that sheer volume in market cap that was lost simply because it endured a similar crash in 2013 when the market cap was a fraction of what it is today. I feel that's pretty objective.

Crypto's today behave like highly volatile speculative stocks... like Bio-techs in clinical trials etc.

I'm looking at things from a bigger picture I guess. Not at all concerned about regaining that lost cap by year's end, likely a lot sooner tbh

As for the volatility yeah due to the unregulated aspect of crypto of course the markets are crazy. I'll be the first to say manipulation and fraud is rampant. And yeah this recent dump is a bit different in the volume in drop but percentage wise it's along the same lines as the other dumps

 

[Luminaire]

Short term vs long term capital gains taxes you fucking moron

That right there is not an excuse to hold a volatile investment. Not in the least.

The difference is 20% for Long Term, Ordinary Income Tax for Short Term... even under the old tax plan that's between 33 and 39% on the high end. So a difference of 13 - 19% and that assumes you're a relatively high earner.

In the Crypto world, holding something for two years that bounces around 20% in a day just to avoid capital gains taxes is no sure bet.

But, you did say you're up 256,000% so I suppose in your case, instead of cashing out millions (billions?) better to hold tight and try to avoid paying a bit more in taxes lol.

 

[Deleted member 409801]

They own a company that mines coins....hardly "a blockchain company" but you're too big of a hypocritical bitch to know your elbow from your asshole let alone the difference between a mining subsidiary and a company who utilizes blockchain technology.

Enjoy your 10% on 17 shares

LMAO

Dude I'm literally still up 256,000% you're not gonna hurt my feelings.

You're up 256,000%?

What are you doing here lol... what did you do, invest a fucking penny?

A measly $10 would net you 2.56 million at that return.

I'm calling bullshit lmao.

Ive never met a quadrillionaire personally , but I would've thought they'd have better things to do than raise the old BP by engaging in interweb pissing contest.

 

[xcvbn]

I would like to hear the story on your 250,000 percent btw

Ethereum crowdsale prices were $0.30/ETH

 

[Luminaire]

Your stupidity never ceases to amaze me Bones.

Inflicting pain and/or suffering on others on the grounds of racial discrimination, per the example we are taking about here is plain morally wrong. Yes suffering is not always bad, but inflicting suffering on others because you believe they are sub-human and you are a superior race...........is always bad.

‘There is no evidence that a moral system should be based on suffering’. Oh really? Then explain to us all the why virtually every single religion or socio-ethical paradigm clearly states that inflicting suffering on others is morally wrong. That’s a pretty substantial body of evidence wouldn’t you say?

So I take it you are also against Chicken Sandwiches... since that's what this is about, Der Fraudsbar brought up the holocaust as rationale for not tolerating Chicken Sandwiches or the people who eat them.

 

[xcvbn]

That right there is not an excuse to hold a volatile investment. Not in the least.

The difference is 20% for Long Term, Ordinary Income Tax for Short Term... even under the old tax plan that's between 33 and 39% on the high end. So a difference of 13 - 19% and that assumes you're a relatively high earner.

In the Crypto world, holding something for two years that bounces around 20% in a day just to avoid capital gains taxes is no sure bet.

But, you did say you're up 256,000% so I suppose in your case, instead of cashing out millions (billions?) better to hold tight and try to avoid paying a bit more in taxes lol.

https://www.marshu.com/articles/calculate-percentage-increase-decrease-percent-calculator.php

 

[JonesBones]

Your stupidity never ceases to amaze me Bones.

Inflicting pain and/or suffering on others on the grounds of racial discrimination, per the example we are taking about here is plain morally wrong. Yes suffering is not always bad, but inflicting suffering on others because you believe they are sub-human and you are a superior race...........is always bad.

‘There is no evidence that a moral system should be based on suffering’. Oh really? Then explain to us all the why virtually every single religion or socio-ethical paradigm clearly states that inflicting suffering on others is morally wrong. That’s a pretty substantial body of evidence wouldn’t you say?

Greeks and tons of cultures throughout history thought otherwise. There are no moral facts. Science deals with what is, not what should be.

 

[xcvbn]

Ive never met a quadrillionaire personally , but I would've thought they'd have better things to do than raise the old BP by engaging in interweb pissing contest.

https://www.marshu.com/articles/calculate-percentage-increase-decrease-percent-calculator.php

 

[JonesBones]

Ethereum crowdsale prices were $0.30/ETH

let's see

 

[xcvbn]

let's see

See what?