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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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    1. Pinboard‏ @Pinboard May 5

      Chia storage use is very much on the exponential growth curve right now, and I'm curious when shortages will start being felt in US consumer channels.pic.twitter.com/CBe24IhpJz

      11 replies 122 retweets 358 likes
      Show this thread
    2. 🆃 🅾🅼 🅺🅻🅴🅼‏ @TKlemNYC May 17
      Replying to @Pinboard

      I've always wondered why more people haven't realized that cryptocurrencies are Ponzi schemes.

      1 reply 1 retweet 9 likes
    3. zachary Groombridge‏ @ZdesertBridge May 18
      Replying to @TKlemNYC @Pinboard

      Crypto is no more a Ponzi scheme than any currency. It's no different than any stock or commodity.

      1 reply 0 retweets 0 likes
    4. DarnYeens‏ @ThatDarnHyena May 18
      Replying to @ZdesertBridge @TKlemNYC @Pinboard

      I dunno.. aggressively bottlenecking multiple chains of tech while driving up scarcity & prices makes it stand out quite a bit from 'any stock or commodity' Scalpers pumped full of steroids that are even greedier than the normal scalpers cause they're just hoarding it all

      1 reply 0 retweets 5 likes
    5. zachary Groombridge‏ @ZdesertBridge May 18
      Replying to @ThatDarnHyena @TKlemNYC @Pinboard

      Sure. But that ain't a Ponzi scheme. If gold was discovered under everyone's yard. You better believe everyone would buy shovels and dig up there lawn and buy houses to mine there and there would be a shortage of shovels and homes would get more expensive.

      1 reply 0 retweets 1 like
    6. zachary Groombridge‏ @ZdesertBridge May 18
      Replying to @ZdesertBridge @ThatDarnHyena and

      Also look up stock shorting. Or other legit things stock brokers do. A miner hoarding graphics cards becuase crypto is getting valuable ain't different from a stock broker buying up stocks in companies that make gold mineing equipment ahead of a gold rush.

      2 replies 0 retweets 1 like
    7. 🆃 🅾🅼 🅺🅻🅴🅼‏ @TKlemNYC May 22
      Replying to @ZdesertBridge @ThatDarnHyena @Pinboard

      Stock shorting is a disreputable practice, but not a Ponzi scheme. Crypto is a Ponzi scheme.

      1 reply 0 retweets 0 likes
    8. zachary Groombridge‏ @ZdesertBridge May 22
      Replying to @TKlemNYC @ThatDarnHyena @Pinboard

      crypto is a currancy just like gold or oil or a US dollar, it is worth whatever people are willing to pay for it. it has value as long as someone accepts it as payment and its value changes depending on market conditions. it is mined it is not infinite. how is it a ponzi scheme

      1 reply 0 retweets 0 likes
      Pinboard‏ @Pinboard May 22
      Replying to @ZdesertBridge @TKlemNYC @ThatDarnHyena

      Oil is not currency bro

      9:17 PM - 22 May 2021
      • 2 Likes
      • 🆃🅾🅼 🅺🅻🅴🅼 黒田 東彦 stan
      1 reply 0 retweets 2 likes
        1. New conversation
        2. zachary Groombridge‏ @ZdesertBridge May 23
          Replying to @Pinboard @TKlemNYC @ThatDarnHyena

          sure its a commodity but it shares all the traits i listed. it is mined, it has value based on what people are willing to pay for it, it is traded, it is hoarded, it effects other industries. in every way trading oil is similar to tradeing crypto. neither are a ponzi scheme

          2 replies 0 retweets 0 likes
        3. zachary Groombridge‏ @ZdesertBridge May 23
          Replying to @ZdesertBridge @Pinboard and

          tweets only got so many words, i left out the word commodity to save space. the point stands

          0 replies 0 retweets 0 likes
        4. End of conversation

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