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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Jameson Lopp‏Verified account @lopp 25 Sep 2020

      "Bitcoin is just one big ponzi scheme. I understand what I think you guys think it is but to me it is a ponzi scheme that you get in and you have to be the one not left holding the bag" - @stoolpresidente Oh dear Dave, by that definition every publicly traded asset is a Ponzi.

      149 replies 88 retweets 1,088 likes
    2. Luis is shipping videos  🎥 ⚡‏ @luishipero 25 Sep 2020
      Replying to @lopp @stoolpresidente

      Yes, basically all publicly traded stocks that do not share profits with its investor by distributing dividends.

      1 reply 0 retweets 17 likes
    3. Arthur B.  🌮 🐻‍❄️‏ @ArthurB 25 Sep 2020
      Replying to @luishipero @lopp

      No, those shares might pay dividends in the future, the company might be acquired, or its assets liquidated. In all cases the stock is still a legal claim to those future cash flows.

      2 replies 2 retweets 15 likes
    4. Luis is shipping videos  🎥 ⚡‏ @luishipero 25 Sep 2020
      Replying to @ArthurB @lopp

      That's not my point. My point focuses on the fact that those stocks, at present time, are not capital generating assets. You just sit on a bag, that you hope it will increase in value overtime, expecting that some greater fool will buy it from you in the future.

      4 replies 0 retweets 9 likes
    5. Arthur Chu‏Verified account @arthur_affect 26 Sep 2020
      Replying to @luishipero @ArthurB @lopp

      If all stocks worked that way it would be the case that they were a Ponzi scheme and you should get out of the stock market right away Like, when you see stocks that do work that way, selling them is absolutely the right thing to do Holy shit

      1 reply 1 retweet 7 likes
    6. Arthur Chu‏Verified account @arthur_affect 26 Sep 2020
      Replying to @arthur_affect @luishipero and

      Stocks become a scam when the promise of actual future profits to cash in on is shown to be a lie With Bitcoin, we KNOW that BY DEFINITION there will be no profits (they are not a stock, they are a commodity, and a commodity with no actual productive use)

      1 reply 2 retweets 23 likes
      Arthur Chu‏Verified account @arthur_affect 26 Sep 2020
      Replying to @arthur_affect @luishipero and

      Like it literally does function exactly as if I went public with a stock in a company that has no employees, owns no physical assets or IP, makes no product, provides no service and has no customers It just has an extremely expensive and complicated way of issuing more stock

      12:21 AM - 26 Sep 2020
      • 1 Retweet
      • 16 Likes
      • Bingo Bango N Rand al'Thor zzz Real Americans are Anti-Fascist. Citizens Dividend John [Regular Single Disc Edition] Ash von Derpenstein💀🎺 Arthur Chu
      1 reply 1 retweet 16 likes
        1. New conversation
        2.  🦈 Eric Eutaxis  🦈‏ @ericYouTaxus 26 Sep 2020
          Replying to @arthur_affect @luishipero and

          Wow you should short it then.

          1 reply 0 retweets 0 likes
        3. Real Americans are Anti-Fascist.‏ @athie_gnome 26 Sep 2020
          Replying to @ericYouTaxus @arthur_affect and

          The only bitcoin winners on balance for years now are people betting on volatility...

          0 replies 0 retweets 0 likes
        4. End of conversation

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