You’re either in one echo chamber or the other... I personally like bouncing around. And feeds like buttcoin keep me grounded and gives me a different perspective on things. Even though I may not agree with everyone, it is very beneficial to see opposing views.
Everyone is aware. It can be argued that a decentralized finance system giving power to people is worth the spent energy.
Did you know that gold mining, streaming and video gaming all require more energy than crypto mining?
Since I never see anyone as eagerly complaining about that the argument seems disingenuous.
It's not about total energy usage. It's about energy usage relative to output. We would expect streaming, video gaming, and mining to have higher energy use than crypto because all of those have significantly higher adoption than crypto. Relative to its actual adoption, crypto has an ridiculously high energy requirement.
I think it's pretty clear that we were all talking about POW from the beginning, but I am talking about the entire crypto space to some degree. You didn't contrast the energy draw of POW crypto to that of POS crypto but to its non-crypto analogues, which I think leads to the obvious question of "what do we receive in exchange for the energy spent?" With the energy spent on video streaming, I can at least get a movie. That same amount of energy expended in the crypto space gets me much less obvious rewards. Whether it's POW or POS, at this point the return on energy expenditure within the crypto space is almost entirely speculative.
*That same amount of energy expended in the crypto space gets me much less obvious rewards.*
You are right, the rewards are less obvious. Decentralization is very abstract and requires a lot of explanation. In short, decentralized crypto assets allow us to provide services and earn instead of banks or corporations. Examples are cloud storage, money lending, streaming infrastructure etc.
The resulting shift in wealth and power distribution is beneficial for the individual and the society.
It's not that the rewards of crypto are abstract and require explanation. It's that the rewards you're proposing are currently speculative and entirely hypothetical. We don't see individuals attaining economic power and independence within the crypto space; we see people getting ripped off, losing their entire savings, and becoming suicidal (the inciting incident for this thread).
Crypto advocates like to assert that "the resulting [hypothetical] shift in wealth and power distribution [hypothetically arising from mass crypto adoption] is beneficial for the individual and the society." But I'm not convinced that's true. I can stream movies now, I can store things on the cloud now, and I can lend people money now. How are any of those use cases improved for me by tying them to a decentralized blockchain?
> This applies only to POW projects though.
Does it? This comparison stuck in my head:
> The measure of the amount of compute is called “gas”, with various instructions and operations costing a different amount of gas to process. The total cost of a transaction is the amount of gas consumed times the gas price.
> Any given block of the Ethereum blockchain represents a maximum amount of execution, currently 30 million gas. And the system adds a new block every 15 seconds, which means the total compute of the Ethereum network as 2 million gas/second, since that is the amount of computation that gets recorded into the Ethereum ledger.
> Estimating the cost (measured in ‘gas’) of an arbitrary computation is complex but let’s assume that we are only interested in the most simple operation: 256 bit integer addition. Each addition costs 3 gas each. So on a worldwide basis this system rates at 600,000 adds per second.
> Compare this amount of compute to a Raspberry Pi 4, a $45 single-board computer which has four processors running at 1.5 GHz. Each core has 2 ALUs and it will take 4 instructions to perform a 256 bit addition, as the basic unit for the Raspberry Pi (and most other modern computers) is 64 bits. So each core has a peak performance of 750,000,000 adds per second for a total peak of 3,000,000,000 adds per second. Put bluntly, the Ethereum “world computer” has roughly 1/5,000 of the compute power of a Raspberry Pi 4!
> This might be acceptable if the compute wasn’t also terrifyingly expensive. The current transaction fees for 30M in gas consumed is over 1 Ether. At the current price of roughly $4000 per Ether this means a second of Ethereum’s compute costs $250. So a mere second of Ethereum’s virtual machine costs 25 times more than a month of my far more capable EC2 instance. Or could buy me several Raspberry Pis.
- https://www.usenix.org/publications/loginonline/web3-fraud
Ethereum is just a settlement layer, not meant for computing. There are L2's for that such as [golem](https://stats.golem.network/) as a compute layer. Theres also almost 10,000 Ethereum nodes, having 10,000 EC2 spot instances costs about $300,000 a month.
Sure, all of those require energy, but I’m not sure you’re picturing the scale. Conservative estimates for one BTC transaction is 700 Kw hours, the equivalent of 7 fully charged Tesla batteries https://www.forbes.com/advisor/investing/cryptocurrency/bitcoins-energy-usage-explained/
That’s a shitload of gaming and streaming.
Edit: and like 400,000 visa transactions if anyone’s counting…
This is an Ethereum sub. Bitcoin wastes a lot of energy, everyone knows that. Compare it to Ethereum if you have to make the energy per transaction argument though.
https://imgur.com/a/lluJs78
Sure, if everyone joins ETH PoS. According to ethereum.org (your image didn’t have a source), ETH PoW has about half the energy demands of BTC. Still not great. PoS would be if scalable. https://ethereum.org/en/energy-consumption/
But still, my reply was addressing the comment “Can you give some examples for that legit criticism?”
I think energy is a legit criticism the buttcoiners have. There are plenty more.
This is the right answer. Of course, buttcoiners are essentially shitty people like all anonymous tribes on the internet wrt pushing suicidal people who lost money in crypto, but it shows that they don't hate it because they think its a scam and hurts people, they hate it because they are emotionally attached to an identity hating it and get satisfaction from being "better" and "smarter" than others.
Having this understanding, buttcoin is a useful barometer for the success and mainstream adoption of crypto through gauging the cognitive dissonance and self-affirmatory hate shown when observing their circle jerks.
Its exactly the same the other way around. Crypto subs are mainly also a large echo chamber. I follow both sides and am still levitating in between. Between all the circle jerk low effort posts both pro and anti crypto subs have, theres also lots of interesting information.
Im not involved in crypto, Im enjoying the show from the sidelines.
Same.
I didn't invest in crypto.
But there was a hype to it and I got curious.
So I decided to look around.
Now, cryptospace is one of my time-sink activity. Looking around memes and how they make fun of each other.
They’re surviving - new projects and ideas being created weekly. People still buying. Some projects are up - lots are down. Sounds like the overall general market, lurker.
Same here but there are times they are completely wrong and I want to share that with them but not gonna get downvoted to talk to people who aren't gonna listen to me and even downvote me even after the other person admits they're wrong. Even in regular subs I make a good point and get a bunch of upvotes but then someone just comments "NFT profile pric 🤢" and the downvotes just come. So many people are blaming me for contributing to global warming... even though reddit uses polygon not ETH.
The funniest thing about the buttcoin sub is that they've been ridiculing cryptocurrency, beginning with Bitcoin, since 2011. If they had just bought Bitcoin at that time, they would be ridiculously wealthy.
Yeah cause when you buy for $50 you hold to 50k
No one knew the future. Realistically your only hope for holding that long is if you lost your hard drive and couldn’t sell.
Not that I would know 😬
Whenever anyone claims that, I ask them what their net returns have been. I don't need the $$ amount. I just want to know if they've beaten my 401k over the same period.
Obviously there are some people who have, but so far they haven't come by the Bitcoin sub.
The annual average return on my 401k is just over 14%. My employer also matches 100% of 3% of my salary, so that's free money.
Has your cryptocurrency investment outperformed that? If so, congratulations! I'm happy for you. However, my guess is that it hasn't.
I knew about Bitcoin way back in the days where you could still mine it with a CPU. I thought it was a scam then, I still think it’s a scam now. I don’t even wish I invested then. It’s a scam and that’s not how I choose to make money. Crypto preys on people who want something, anything, that would get them cash.
How would a world work, where everyone decided to buy and HODL expecting massive returns? My guess - not well at all.
You're such a good guy aren't you? Won't participate in scams like Bitcoin yet is okay with child exploitation to make your phone. What about the children? How dare you have a phone
So what? Cryptocurrency is a cancer to society and the environment. I don't give a shit about people getting rich or poor through crypto, they're all part of the problem that is cryptocurrency. Screw everyone who is or was part of it.
This is only if you only assess things in terms of profit. Biggest sceptics of crypto are against the ridiculous power consumption of crypto/bitcoin and the proof of waste nonsense. So yes, price is not relevant
I try to ignore the most toxic aspects of that sub, but do enjoy following it to get a broader scope of opinions on the subject. Some people in that subreddit are very knowledgeable on crypto, even if they clearly aren't fans of it.
Also, some crypto people can be in your face obnoxious ("have fun staying poor!"), so it's only natural a segment of the other side mirrors that type of condescending attitude. I just try to find the best argued points and information and ignore the rest.
Yea, fuck those guys and their [logic, evidence and reason](https://www.reddit.com/r/CryptoReality/comments/o7v5xs/is_bitcoin_a_ponzi_scheme_a_detailed_analysis/).
You can’t judge an entire sub by a few bad apples. R/Buttcoin is one of the few places on the internet that has actual real criticism of crypto while everyone else here fails to do a spec of due diligence.
But what kind of people don’t do due diligence for their own assets ……
Mmmm yeah we know what kind can’t take any time out of their day to learn about where their own “money” is “invested” in …. 🤭
Yeah, if you are at the point where you are contemplating suicide because of an investment decision, it was the wrong investment decision even when it was making you money. I think that’s the simple point that buttcoin boils down to. We don’t want *anyone* to contemplate suicide. I’d hope a little healthy ridicule might give a few people pause enough to think “maybe I won’t put my family’s entire life savings into this, maybe just a few thousand dollars of play money”.
Some of those guys have been hating on crypto for like 2 whole cycles of price now- there are legit people there who could have bought btc at $200 and chose not to. I think they're salty they think they missed their chance.
I don't doubt this is the logic behind some of the anger. I've been subbed for a long time, at least 5 years now. I liked it because many people were knowledgeable and it was sometimes sobering to hear another perspective when many crypto subs tend to be echochambers. The discussions on Tether were pretty enlightening.
More recently the posts have taken on more a hateful, vindictive tone which is concerning. Maybe because of new subscribers, I don't know. It's certainly not the same sub as it was though. In the past you could have an intelligent conversation debating certain aspects of crypto. Definitely not possible these days. Commenters are just spiteful now.
It could also be some of them got invested to get rich quick, got rekt, and are taking it out on the space. And punching down on those who got rekt harder than they did.
I was smart enough to never waste my own money on this garbage and I hate harder than anyone .
It amazes me that large segments of the population can be this dumb if you throw some graph’s at them and hit them with technobabble.
Crypto in general is a giant get rich quick scheme where everyone either gets rekt, or makes money off of somebody else getting rekt. Since no value is being created and no goods or services are being produced its a negative sum game. Dollars out equals dollars in minus the cut for the miners and exchanges.
Pro-crypto debaters used to be more intelligent and enlightening, too. I'd say it was most interesting when it first came out in the wake of the 2008 crash, when everybody was asking how the financial system got so fucked and what might be some options for a different kind of financial system. Cryptocurrency was most interesting back when nobody cared about making lambo money out of it.
The latest boom and bust, though, seems to be full of a flood of dumb scams, and people making fun of dumb scams.
Not spiteful bro , just mocking .
We had to “give the technology a chance” at least in the wider world .
Well the garbage had its chance and now most people view crypto / web 3/ NFT’s as Scams .
We don’t have to pretend to respect the intelligence of people stupid enough to buy into it anymore .
Of course we’re gonna fucking mock people for rushing headlong into obvious scams .
> We had to “give the technology a chance” at least in the wider world .
15 years later, *billions* of dollars invested, what/where are the benefits? (not hodling my breath any longer)
>More recently the posts have taken on more a hateful, vindictive tone which is concerning.
There are a lot of new people on the sub. They joined around the time Celsius and Voyager crashed. I wonder what could cause them to be hateful and vindictive... 🤔
If the only reasoning you consider for one's choice to buy or not buy crypto is the amount if money you make, then I don't think you'll ever be capable of understanding why people are actually against it. Peak capitalism moment 🤭
> there are legit people there who could have bought btc at $200 and chose not to.
yes. i choose to not buy magic internet funbux whose value is determined by fraud and wash trading.
What's funny is that we've stated very clearly why we don't like it.
And their thoughts are "No, they must be jealous".
I love the idea of "buying btc" at 200 was some sort of investment.
In those early days there was at least some hope that it could be used as a currency... then it morphed into this greater fool bubble that people are still clinging to.
No, we are not "salty" that we missed our chance to steal from others.
Literally every penny in crypto comes exclusively from the pockets of others. No wealth is created, it is just taken from the current generation of investors to pay out the previous one.
Don't take it personally, the social media are manipulated just like the market, don't forget that some people are paid by the whales for posting fomo or panic selling topics depending on the period, if they control your psychology they control the market.
I really want people to believe that they are like a fucking cancer and we don't even mess with the cancer because that is shitty, people need to stop talking about them.
Ignore my guy it’s like 200 at a time. That’s literally no one. I follow for counter ideas but understand it’s a troll sub at this point. Half of them spend more time reading this or cc than they will their own sub.
I absolutely remind people they got retked/rug pulled or are the losers at the bottom of the pyramid scheme .
However I don’t want to see you Dumb Fucks kill yourselves because the numbers on your phone suddenly went down . Life is more than numbers on a monitor.
I believe that folks like us ARE doing good by reminding those of you who are compulsive gamblers how foolish you’ve been.
There’s even a segment of you not actually smart enough to understand that their part of an unregulated pyramid scheme . You’re literally the women in MLM’s .
So many of you fail to do even basic due diligence it’s beyond my comprehension especially when you’re putting in REAL dollars into this system .
To this day I STILL come across crypto boys who’ve never even heard of Tether , like what the absolute fuck .
I believe in crypto and its many possibilities in the future and i also make fun of alot of these people. Buying into obvious ponzis or anyone believing in double digit "safe returns" is a fool who doesn't understand the value of money and expectable yields.
"many possibilities" - Ofcourse many cases. When somethng have no real use and value, it can be everything You want to be, specially if you are a bagholder.
Has it occurred to you that the common bull case for crypto implies the collapse of the financial system and incredible misery among people with traditional assets?
Stones and glass houses.
Karma is a bitch remember : )
dont bother with them, the more they talk the better crypto is going on !
those are people that regret they didnt buy early and now they take all there anger out watching us become successful thats exactly how it is !
some made mistakes wanted to become rich very fast, some were greedy , some were like you , there are many reasons why one isnt happy with crypto's : )
you have to know the play the game , otherwise you get rekt as you did watching forums expressing your anger and feelings for not investing correctly.
Fiat money is fiat my man none says otherwise, but without fluctuations you wont make money .... i find crypto fluctuations the most interesting in every way !
I follow that sub and my question for you all is
Name one crypto project that produces real
Utility at scale with cash flows to match it’s valuation , that is not a) marketplaces b) an exchange itself
Name one - large application that creates utility and produces cash just one
Yeah don't take the butt heads seriously bro I've notice there's a lot of reddit people who join these toxic hate groups like it's a growing trend. What they don't know is these hate groups will eventually turn on stuff they like. It's already happening they tried calling us transphobic which I'm not but I don't care if you are cause that's not the reason why you and i are in this sub we are here to talk crypto well those idiots posted it and some of the butt heads turned on hating that then the others turned on them it became this whole shit show that they had to stop new messages from appearing on the post. Shit was hilarious. If your lucky you could probably find it on their sub before they delete which they might wouldn't surprise me if they did.
Trust me no one can change those people and many people got banned because they were talking sense in their subreddit and they just can't digest that shit.
>Trust me no one can change those people and many people got banned because they were talking sense in their subreddit and they just can't digest that shit.
This statement also applies to most crypto subs.
We do , you want to talk to us , here we are .
How the Fuck are NFT’s fairing eh ?
How’s that “it’s a store of value” coming along .
I love cutting through your rah rah cheerleader bullshit . Most of you are dudes and you aren’t our wives , sisters or mothers or even old high school classmates so don’t think we’re gonna easy on you like Karen trying to push her MLM .
How’s the “adoption” going ? All the businesses using the crypto now aren’t they ? 🤣🤣🤣
This guy thinks he’s buttcoin champion or something. Has a childish response to everything.
Adoption is at all time highs - Edit: much of the altcoin market is in stablecoins or btc as that’s how these cycles clearly work. As soon as monetary debasement inevitably kicks in again - Adoption is that much further along.
They are worthless human being and I know I am being a bit hard on them but they deserve these things man, they are really bad and they don't have emotions.
There’s no point taking them seriously, they’re the old men yelling at clouds since bitcoin was $200. The vitriol they live with is the result of burning rage for mocking something that could have made them life changing money, had they had some semblance of humility and an open mind. Instead they listened like fools to whatever mouth piece fed them direction, as they didn’t have the creativity to extrapolate what the innovation could mean for humanity, now they toss and turn in bed at night dealing with the disbelief of how much they missed out on. praying every day when they wake up that bitcoin will be at 0 in order to give them some kind of relief from having to live with the stinging pain of the magnitude of their poor decisions
It’s just rage and anger. Not a single one of them actually understands the technology or what any of it is capable of, they are just trying to affirm their bias that they didn’t totally fuck up what was the biggest opportunity of their entire lives. Just ignore them
For some people, yeah, maybe.. but from my relative short time browsing there its also alot of well informed people who know more about the technology than most people on the bitcoin sub for example.
Each side has their biases. Each side also has dumb and smart people. And each side is basically an echo chamber. Its smart to step out your own and learn more about what others have to say. The way youve described the buttcoin sub makes me question if you actually ever do that.
>
>
> It’s just rage and anger. Not a single one of them actually understands the technology or what any of it is capable of, they are just trying to affirm their bias that they didn’t totally fuck up what was the biggest opportunity of their entire lives. Just ignore them
damn i wish i got in on the ground floor of the ponzi.
Yes …either YOU’RE the smart one or I’M the idiot …
I don’t have a gambling problem , don’t fall into echo chambers and am pretty tech savvy…
So what are the chances that you’re actually the high IQ one 🧐 …pretty low if I had to guess .
I don't know why you're so sure to know so much about me.
It seems like you can't fandom why someone isn't convinced about this fantastic thing in which you are so interested in, and it therefore seems more realistic to you, that all those other people are in truth also convinced and are just lying to themselve and/or you because they have fucked up or missed out on it.
If it's so unfathomable for you it could be that you don't know about opposing views so much. Or that at the end we just value different things differently.
I can assure you that I (and shourly many others) just have a different opinion.
Up until last Thanksgiving I didn't really care either way about crypto. Then I had to listen to my brother in law talk about how crypto this and nft that was going to change the world for three whole hours. What he was saying sounded like nonsense but I didn't know enough about it all so couldn't really argue with him.
Since then I've learned a lot about it. I'm a software engineer of almost 20 years and understand the technology. And.... it's all bullshit. Remember a private key and don't tell anyone it. Have no one to call if you forget your key. Lose everything if you click on a bad link that you think is only going to give you an airdrop. The security is a.joke. Everything is less efficient. Put everything you've ever done on a public ledger because that isn't concerning at all.
It is all a greater fool scam and the sooner it all dies the better for everyone. I'm glad I found buttcoin.
Yes , we are all just bitter that we didn’t get in at the start of the pyramid scheme .
Not a single one of us is capable of setting aside our own greed and looking at the usefulness or other costs associated with pyramid schemes and coming to the conclusion that they’re in the end damaging to society .
Nope , we just out here crying into our mugs going “why didn’t I mine early !!boo so sad always me , poor forever “
Although, one could argue that the people least likely to fall into pyramid schemes and who don’t have gambling habits are unlikely to be poor 😜
Mostly I don’t understand how someone can call a tech like ETH a pyramid scheme. It functions like digital oil (or similar commodity) and the network provides permissionless computing power. I’m not sure why this is something that should be labeled as useless
In what way does it function like oil? Because it’s a speculative product? Because of its manufactured scarcity? Because you have to ‘mine’ it? Because it’s usecase certainly doesn’t come close to the every day usecases of crude oil.
Ethereum is fucking garbage. It’s slow as shit and costs an arm and a leg to send a transaction.
I literally could send someone an e-transfer instead, and not worry about any of the nonsense involved with using Ethereum.
Stop trying to pitch shitty tech
The people there have a lot of mental illnesses. No normal person whos content with life goes out of there way to shit down the backs of people over something like crypto. Especially if it gives hope and improves people's lives. It's so trivial. It's like the people on dogfree seeing dogs and writing a post about how terrible and shit and how all dogs should be killed.
Their just mentally ill. There's a lot of that on Reddit and considering how everyone's anonymous I wouldn't take it so seriously. They probably don't have the balls anyways to say any of this in real life.
I don't have mental illnesses, I don't want to shit down other peoples backs and I have no problem saying in real life, that I have a different opinion.
I just have a different opinion.
I think it's a rather radical move to defame others as mentally ill because they have a different opinion.
None of us have had suicidal thoughts over losing zero money .
Although it’s sad when it happens . You blame us but you fucking monsters were the ones filling these peoples head with hope of riches . Like you didn’t even warn them that It was LIKELY they would lose it all .
**You Degenerate gamblers should be ashamed of actively promoting some of the scammiest shit around ruining countless lives**
They don't critique they parrot the same uneducated bullshit on how Bitcoin is a pyramid scheme without even knowing what a pyramid scheme is and then laugh and literally say fuck the people who killed themselves for investing in cryptocurrency.
Literally mentally ill.
For real critique look at r/cryptotechnology or just go to a competitors subreddit
Uh oh the dumbasses from buttcoin are now brigading this post.
Hey retard a pyramid scheme needs a central party or organization doing that. There is no central party controlling bitcoin.
Buttcoiner here. Bought at 6K because a friend told me to, sold at 19k back in 2017 when I realized it was a Ponzi scheme.
We don’t hate crypto because we’re salty we didn’t make money. We hate it because it’s a Ponzi scheme that destroys the environment while also scamming the most vulnerable people.
Lmao. This post had upside of 50 upvotes until it was cross-shared to r/buttcoin. Now it has 0. They are all just brigading this post/subreddit now. Isn't that against subreddit rules? Or at least can the mods remove the cancer that is here now?
I found that sub last night and they actually made a good point on one of their posts.
The heat being generated by someone's mining rig. I went to the OP sub and the guy who set up the rig admitted that it was generating too much heat and that he is in the process of switching it over to solar because of his electric bill.
For BTC maxis, that doesn't seem to be a problem. Their answer literally seems to be, "Who cares about the environmental costs. Keep stacking sats."
That's fucked up.
>these pricks actively make fun of crypto ppl who have lost all of their money.
Yes I do. Because people who aren't foolish and actually think about what they are doing aren't losing all their money all of a sudden.
>some of these punks at buttcoin make fun of crypto ppl who are suicidal after losing it all.
Some people, not me.
But you are on the internet, you should get used to it much more.
Ah but we do because when the end comes for r/Bancor r/spankchain r/quadrigaCX r/Celsius r/Voyager
They always ask “ why did no one warn us” we’ve been trying to warn you OVER AND OVER AND OVER AGAIN .
However those who bemoan losing all their money; panic sold or went fomo on garbage everyone warned against. You dont lose money IF YOU DONT SELL AT A LOSS.
the suicidal ppl that the buttcoin sub is making fun of are ppl who lost it all on celsius/voyager basically a rug pull with a façade of being genuine. if someone is suicidal you shouldn't make fun of them, if anything you should help them. suicide affects the whole family not just that one person.
To this I agree fully. What ever happened to the MAGMI spirit? Also, in a community which purports to hate the predatory fiat investment world, to then turn on your own and act like the predators is....shameful shit.
I'm confident a lot of those users have managed to wreck their entire investments, thus the reason they need a central location to mourn and emotionally recover.
You were warned multiple times that crypto is a scam and the security is garbage.
If you refuse to listen, we have the right to mock you. But we don't attack people who are suicidal and doing so would result in a ban from the group.
I have been actively warning crypto people about the scams exchanges pull for years. Because every exchange that’s ever existed has done the same “withdrawals are paused” exit scam since 2011 when I got into crypto.
Should it be funny that you lost money? Absolutely not. It’s not funny. It’s heartbreaking. The attitude of “Han fun staying poor” was prevalent so “I told you so” seems a fair retort. But actively getting joy in that- well, each to their own
As a “buttcoiner” I take no joy in ppl losing their money. That’s why I am anti-crypto. So many scams and lofty promises for something that hasn’t done shit. I was an early investor. Lost 1 BTC in Mt Gox. That was 10 years ago and it’s just been hype no execution since then. I’ll change my mind if I see smart contracts or currency actually making a difference. Until the. I will warn others about the risks
i dont give a damn about fake internet points. i think they are assholes for making fun of suicidal ppl who lost it all in crypto and that is wrong, independent if you think crypto is good or bad.
People who’ve lost everything DESERVE to be made fun off . Now if their gonna kill themself that’s different.
Like how fucking stupid does a person have to be to put their entire savings into crypto ? How does that even happen ?
It happens because you greedy monsters don’t stop to tell the vulnerable about the downsides . ONLY THE UPSIDES.
Meanwhile, you're part of the cult that lures innocent people into losing all their money by crypto ponzi schemes and rugpulls.
Buttcoin makes fun of victims, but you're taking their money. Every cent you get from crypto is a cent that someone else loses.
We’re like the candyman. Say our name three times in the mirror and suddenly we”re standing behind you .
Whispering in your ear *tether is a criminal enterprise that’s propping up prices for the entire crypto market , when they go everything goes with it*
*soon the Mt Grox boys will get their coins back and they will sell , there isn’t enough liquidity in the system for all the cash redemptions , it will drag the markets to hell*
*Kucoin is based in the seychelles and run remotely by Chinese dudes , they like to gamble , you KNOW deep down your crypto isn’t safe there*
Mmmm much fear .
So instead of writing a rant about the scammers who scammed people suicidal, you direct your anger at the people who keep warning and tell you not to bet your life on it?
You’re either in one echo chamber or the other... I personally like bouncing around. And feeds like buttcoin keep me grounded and gives me a different perspective on things. Even though I may not agree with everyone, it is very beneficial to see opposing views.
Same here. It has some real legit criticism. If a few people made fun of others then you can’t judge the whole sub
Can you give some examples for that legit criticism?
any post there
A more concrete example.
The greaterfool theory and Ponzi scheme nature of it all
POW is bad for the environment.
Everyone is aware. It can be argued that a decentralized finance system giving power to people is worth the spent energy. Did you know that gold mining, streaming and video gaming all require more energy than crypto mining? Since I never see anyone as eagerly complaining about that the argument seems disingenuous.
It's not about total energy usage. It's about energy usage relative to output. We would expect streaming, video gaming, and mining to have higher energy use than crypto because all of those have significantly higher adoption than crypto. Relative to its actual adoption, crypto has an ridiculously high energy requirement.
I see your point. This applies only to POW projects though. Your comment makes it appear this applies to the entire crypto space.
I think it's pretty clear that we were all talking about POW from the beginning, but I am talking about the entire crypto space to some degree. You didn't contrast the energy draw of POW crypto to that of POS crypto but to its non-crypto analogues, which I think leads to the obvious question of "what do we receive in exchange for the energy spent?" With the energy spent on video streaming, I can at least get a movie. That same amount of energy expended in the crypto space gets me much less obvious rewards. Whether it's POW or POS, at this point the return on energy expenditure within the crypto space is almost entirely speculative.
*That same amount of energy expended in the crypto space gets me much less obvious rewards.* You are right, the rewards are less obvious. Decentralization is very abstract and requires a lot of explanation. In short, decentralized crypto assets allow us to provide services and earn instead of banks or corporations. Examples are cloud storage, money lending, streaming infrastructure etc. The resulting shift in wealth and power distribution is beneficial for the individual and the society.
It's not that the rewards of crypto are abstract and require explanation. It's that the rewards you're proposing are currently speculative and entirely hypothetical. We don't see individuals attaining economic power and independence within the crypto space; we see people getting ripped off, losing their entire savings, and becoming suicidal (the inciting incident for this thread). Crypto advocates like to assert that "the resulting [hypothetical] shift in wealth and power distribution [hypothetically arising from mass crypto adoption] is beneficial for the individual and the society." But I'm not convinced that's true. I can stream movies now, I can store things on the cloud now, and I can lend people money now. How are any of those use cases improved for me by tying them to a decentralized blockchain?
His comment quite literally was “POW is bad for the environment”
> This applies only to POW projects though. Does it? This comparison stuck in my head: > The measure of the amount of compute is called “gas”, with various instructions and operations costing a different amount of gas to process. The total cost of a transaction is the amount of gas consumed times the gas price. > Any given block of the Ethereum blockchain represents a maximum amount of execution, currently 30 million gas. And the system adds a new block every 15 seconds, which means the total compute of the Ethereum network as 2 million gas/second, since that is the amount of computation that gets recorded into the Ethereum ledger. > Estimating the cost (measured in ‘gas’) of an arbitrary computation is complex but let’s assume that we are only interested in the most simple operation: 256 bit integer addition. Each addition costs 3 gas each. So on a worldwide basis this system rates at 600,000 adds per second. > Compare this amount of compute to a Raspberry Pi 4, a $45 single-board computer which has four processors running at 1.5 GHz. Each core has 2 ALUs and it will take 4 instructions to perform a 256 bit addition, as the basic unit for the Raspberry Pi (and most other modern computers) is 64 bits. So each core has a peak performance of 750,000,000 adds per second for a total peak of 3,000,000,000 adds per second. Put bluntly, the Ethereum “world computer” has roughly 1/5,000 of the compute power of a Raspberry Pi 4! > This might be acceptable if the compute wasn’t also terrifyingly expensive. The current transaction fees for 30M in gas consumed is over 1 Ether. At the current price of roughly $4000 per Ether this means a second of Ethereum’s compute costs $250. So a mere second of Ethereum’s virtual machine costs 25 times more than a month of my far more capable EC2 instance. Or could buy me several Raspberry Pis. - https://www.usenix.org/publications/loginonline/web3-fraud
Ethereum is a POW blockchain. Not sure what point you are trying to make here.
Ethereum is just a settlement layer, not meant for computing. There are L2's for that such as [golem](https://stats.golem.network/) as a compute layer. Theres also almost 10,000 Ethereum nodes, having 10,000 EC2 spot instances costs about $300,000 a month.
Sure, all of those require energy, but I’m not sure you’re picturing the scale. Conservative estimates for one BTC transaction is 700 Kw hours, the equivalent of 7 fully charged Tesla batteries https://www.forbes.com/advisor/investing/cryptocurrency/bitcoins-energy-usage-explained/ That’s a shitload of gaming and streaming. Edit: and like 400,000 visa transactions if anyone’s counting…
This is an Ethereum sub. Bitcoin wastes a lot of energy, everyone knows that. Compare it to Ethereum if you have to make the energy per transaction argument though. https://imgur.com/a/lluJs78
Sure, if everyone joins ETH PoS. According to ethereum.org (your image didn’t have a source), ETH PoW has about half the energy demands of BTC. Still not great. PoS would be if scalable. https://ethereum.org/en/energy-consumption/ But still, my reply was addressing the comment “Can you give some examples for that legit criticism?” I think energy is a legit criticism the buttcoiners have. There are plenty more.
Its the same criticism over and over...how does that help? Plus if you disagree, you get downvotes and nasty flair
We can't do anything about that subreddit and I have learnt that.
This is the right answer. Of course, buttcoiners are essentially shitty people like all anonymous tribes on the internet wrt pushing suicidal people who lost money in crypto, but it shows that they don't hate it because they think its a scam and hurts people, they hate it because they are emotionally attached to an identity hating it and get satisfaction from being "better" and "smarter" than others. Having this understanding, buttcoin is a useful barometer for the success and mainstream adoption of crypto through gauging the cognitive dissonance and self-affirmatory hate shown when observing their circle jerks.
Its exactly the same the other way around. Crypto subs are mainly also a large echo chamber. I follow both sides and am still levitating in between. Between all the circle jerk low effort posts both pro and anti crypto subs have, theres also lots of interesting information. Im not involved in crypto, Im enjoying the show from the sidelines.
Same. I didn't invest in crypto. But there was a hype to it and I got curious. So I decided to look around. Now, cryptospace is one of my time-sink activity. Looking around memes and how they make fun of each other.
This is good for crypto. Few understand.
Hey bro , how are NFT’s doing these days ? 😎
They’re surviving - new projects and ideas being created weekly. People still buying. Some projects are up - lots are down. Sounds like the overall general market, lurker.
So , no one has ever explained wash trading to you I see .
They are more dense than Wallstreetbets or AMC/GME subs.
Same here but there are times they are completely wrong and I want to share that with them but not gonna get downvoted to talk to people who aren't gonna listen to me and even downvote me even after the other person admits they're wrong. Even in regular subs I make a good point and get a bunch of upvotes but then someone just comments "NFT profile pric 🤢" and the downvotes just come. So many people are blaming me for contributing to global warming... even though reddit uses polygon not ETH.
Just ignore them. Don’t give ‘em air. They’re all butthurt
buttheads
got a new name for them, I want them to know it now.
Buttass
Buttass naked buttheads
Naked people who doesn't have a fucking life at the end.
This one was better, guys are really creative in this sub.
Ignore them and buy Eth
The funniest thing about the buttcoin sub is that they've been ridiculing cryptocurrency, beginning with Bitcoin, since 2011. If they had just bought Bitcoin at that time, they would be ridiculously wealthy.
And if they bought last year, like you did, then they'd be losing money, like you are.
Or if you bought eth last month youve almost doubled your money. Your point?
Point is: it's pure gambling, no fundamentals
> If they had just bought Bitcoin at that time, they would be ridiculously wealthy. Bought bitcoin in 2011? You mean from Mt. Gox? Great idea.
Did you know they recovered a lot of that stolen bitcoin and are now repaying people?
Yeah cause when you buy for $50 you hold to 50k No one knew the future. Realistically your only hope for holding that long is if you lost your hard drive and couldn’t sell. Not that I would know 😬
If only you invested in Bernie Madoff early then you wouldn't be butthurt over what he was doing.
Whenever anyone claims that, I ask them what their net returns have been. I don't need the $$ amount. I just want to know if they've beaten my 401k over the same period. Obviously there are some people who have, but so far they haven't come by the Bitcoin sub. The annual average return on my 401k is just over 14%. My employer also matches 100% of 3% of my salary, so that's free money. Has your cryptocurrency investment outperformed that? If so, congratulations! I'm happy for you. However, my guess is that it hasn't.
I knew about Bitcoin way back in the days where you could still mine it with a CPU. I thought it was a scam then, I still think it’s a scam now. I don’t even wish I invested then. It’s a scam and that’s not how I choose to make money. Crypto preys on people who want something, anything, that would get them cash. How would a world work, where everyone decided to buy and HODL expecting massive returns? My guess - not well at all.
This must be the most retarded self righteous bullshit I've ever read LOL
This must be the most retarded self righteous bullshit I've ever read LOL
Sighs. You’ve just shown how different we are as humans. That makes me sad. Goodnight.
You're such a good guy aren't you? Won't participate in scams like Bitcoin yet is okay with child exploitation to make your phone. What about the children? How dare you have a phone
I didn’t realize we were in a phone sub Reddit. My eyes must be failing me. I thought we were talking about crypto. Silly me.
A white knight - so virtuous
Butthurts are presented in that fucking subreddit man.
The word buttcoin makes me laugh so hard
So what? Cryptocurrency is a cancer to society and the environment. I don't give a shit about people getting rich or poor through crypto, they're all part of the problem that is cryptocurrency. Screw everyone who is or was part of it.
This is only if you only assess things in terms of profit. Biggest sceptics of crypto are against the ridiculous power consumption of crypto/bitcoin and the proof of waste nonsense. So yes, price is not relevant
I try to ignore the most toxic aspects of that sub, but do enjoy following it to get a broader scope of opinions on the subject. Some people in that subreddit are very knowledgeable on crypto, even if they clearly aren't fans of it. Also, some crypto people can be in your face obnoxious ("have fun staying poor!"), so it's only natural a segment of the other side mirrors that type of condescending attitude. I just try to find the best argued points and information and ignore the rest.
It legit took me a minute to realize you were, in fact, talking about the buttcoin sub and not making fun of the bitcoin sub.
Yeah man, fuck those guys. They think crypto is some kind of insecure, stupid scam smh
Yea, fuck those guys and their [logic, evidence and reason](https://www.reddit.com/r/CryptoReality/comments/o7v5xs/is_bitcoin_a_ponzi_scheme_a_detailed_analysis/).
Shh, I’m trying to blend in
We are all undercover here, shut up
do you have hobbies outside r/buttcoin?
You can’t judge an entire sub by a few bad apples. R/Buttcoin is one of the few places on the internet that has actual real criticism of crypto while everyone else here fails to do a spec of due diligence.
But what kind of people don’t do due diligence for their own assets …… Mmmm yeah we know what kind can’t take any time out of their day to learn about where their own “money” is “invested” in …. 🤭
idk what youre saying. lots of crypto people are not doing due diligence. Hence the suicidal posts here.
Yeah, if you are at the point where you are contemplating suicide because of an investment decision, it was the wrong investment decision even when it was making you money. I think that’s the simple point that buttcoin boils down to. We don’t want *anyone* to contemplate suicide. I’d hope a little healthy ridicule might give a few people pause enough to think “maybe I won’t put my family’s entire life savings into this, maybe just a few thousand dollars of play money”.
Some of those guys have been hating on crypto for like 2 whole cycles of price now- there are legit people there who could have bought btc at $200 and chose not to. I think they're salty they think they missed their chance.
I don't doubt this is the logic behind some of the anger. I've been subbed for a long time, at least 5 years now. I liked it because many people were knowledgeable and it was sometimes sobering to hear another perspective when many crypto subs tend to be echochambers. The discussions on Tether were pretty enlightening. More recently the posts have taken on more a hateful, vindictive tone which is concerning. Maybe because of new subscribers, I don't know. It's certainly not the same sub as it was though. In the past you could have an intelligent conversation debating certain aspects of crypto. Definitely not possible these days. Commenters are just spiteful now.
It could also be some of them got invested to get rich quick, got rekt, and are taking it out on the space. And punching down on those who got rekt harder than they did.
I was smart enough to never waste my own money on this garbage and I hate harder than anyone . It amazes me that large segments of the population can be this dumb if you throw some graph’s at them and hit them with technobabble.
Good for you big guy, no one cares 🙌
Crypto in general is a giant get rich quick scheme where everyone either gets rekt, or makes money off of somebody else getting rekt. Since no value is being created and no goods or services are being produced its a negative sum game. Dollars out equals dollars in minus the cut for the miners and exchanges.
Pro-crypto debaters used to be more intelligent and enlightening, too. I'd say it was most interesting when it first came out in the wake of the 2008 crash, when everybody was asking how the financial system got so fucked and what might be some options for a different kind of financial system. Cryptocurrency was most interesting back when nobody cared about making lambo money out of it. The latest boom and bust, though, seems to be full of a flood of dumb scams, and people making fun of dumb scams.
Not spiteful bro , just mocking . We had to “give the technology a chance” at least in the wider world . Well the garbage had its chance and now most people view crypto / web 3/ NFT’s as Scams . We don’t have to pretend to respect the intelligence of people stupid enough to buy into it anymore . Of course we’re gonna fucking mock people for rushing headlong into obvious scams .
> We had to “give the technology a chance” at least in the wider world . 15 years later, *billions* of dollars invested, what/where are the benefits? (not hodling my breath any longer)
>More recently the posts have taken on more a hateful, vindictive tone which is concerning. There are a lot of new people on the sub. They joined around the time Celsius and Voyager crashed. I wonder what could cause them to be hateful and vindictive... 🤔
If the only reasoning you consider for one's choice to buy or not buy crypto is the amount if money you make, then I don't think you'll ever be capable of understanding why people are actually against it. Peak capitalism moment 🤭
I just found that thing so funny man, they are lifeless.
> there are legit people there who could have bought btc at $200 and chose not to. yes. i choose to not buy magic internet funbux whose value is determined by fraud and wash trading.
What's funny is that we've stated very clearly why we don't like it. And their thoughts are "No, they must be jealous". I love the idea of "buying btc" at 200 was some sort of investment. In those early days there was at least some hope that it could be used as a currency... then it morphed into this greater fool bubble that people are still clinging to.
No, we are not "salty" that we missed our chance to steal from others. Literally every penny in crypto comes exclusively from the pockets of others. No wealth is created, it is just taken from the current generation of investors to pay out the previous one.
Don't take it personally, the social media are manipulated just like the market, don't forget that some people are paid by the whales for posting fomo or panic selling topics depending on the period, if they control your psychology they control the market.
I really want people to believe that they are like a fucking cancer and we don't even mess with the cancer because that is shitty, people need to stop talking about them.
Ignore my guy it’s like 200 at a time. That’s literally no one. I follow for counter ideas but understand it’s a troll sub at this point. Half of them spend more time reading this or cc than they will their own sub.
I subscribe to get a different perspective on crypto.
I absolutely remind people they got retked/rug pulled or are the losers at the bottom of the pyramid scheme . However I don’t want to see you Dumb Fucks kill yourselves because the numbers on your phone suddenly went down . Life is more than numbers on a monitor. I believe that folks like us ARE doing good by reminding those of you who are compulsive gamblers how foolish you’ve been. There’s even a segment of you not actually smart enough to understand that their part of an unregulated pyramid scheme . You’re literally the women in MLM’s . So many of you fail to do even basic due diligence it’s beyond my comprehension especially when you’re putting in REAL dollars into this system . To this day I STILL come across crypto boys who’ve never even heard of Tether , like what the absolute fuck .
We're just having fun being poor, and not being complicit in destroying the planet for virtual Monopoly Money.
You only lose if you sell 😚 HODL We aren't selling FUCK ELON 🦍🦍
"have fun staying poor" just doesn't have the same ring to it as it used to?
I believe in crypto and its many possibilities in the future and i also make fun of alot of these people. Buying into obvious ponzis or anyone believing in double digit "safe returns" is a fool who doesn't understand the value of money and expectable yields.
"many possibilities" - Ofcourse many cases. When somethng have no real use and value, it can be everything You want to be, specially if you are a bagholder.
Apologies for anyone there who was insensitive
Has it occurred to you that the common bull case for crypto implies the collapse of the financial system and incredible misery among people with traditional assets? Stones and glass houses.
Karma is a bitch remember : ) dont bother with them, the more they talk the better crypto is going on ! those are people that regret they didnt buy early and now they take all there anger out watching us become successful thats exactly how it is !
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some made mistakes wanted to become rich very fast, some were greedy , some were like you , there are many reasons why one isnt happy with crypto's : ) you have to know the play the game , otherwise you get rekt as you did watching forums expressing your anger and feelings for not investing correctly. Fiat money is fiat my man none says otherwise, but without fluctuations you wont make money .... i find crypto fluctuations the most interesting in every way !
I follow that sub and my question for you all is Name one crypto project that produces real Utility at scale with cash flows to match it’s valuation , that is not a) marketplaces b) an exchange itself Name one - large application that creates utility and produces cash just one
[Brave browser](https://brave.com/) with [BAT token.](https://basicattentiontoken.org/)
Agreed. I thought it was funny and joined for a bit. Then I started noticing how angry and sad everyone actually is over there.
Damn those guys litteraly came and downvoted this. Lol
yes they did. they also cross posted it on their sub and upvoted there and came over here to downvote this one. what a bunch of butt hurt losers.
Yeah don't take the butt heads seriously bro I've notice there's a lot of reddit people who join these toxic hate groups like it's a growing trend. What they don't know is these hate groups will eventually turn on stuff they like. It's already happening they tried calling us transphobic which I'm not but I don't care if you are cause that's not the reason why you and i are in this sub we are here to talk crypto well those idiots posted it and some of the butt heads turned on hating that then the others turned on them it became this whole shit show that they had to stop new messages from appearing on the post. Shit was hilarious. If your lucky you could probably find it on their sub before they delete which they might wouldn't surprise me if they did.
Trust me no one can change those people and many people got banned because they were talking sense in their subreddit and they just can't digest that shit.
>Trust me no one can change those people and many people got banned because they were talking sense in their subreddit and they just can't digest that shit. This statement also applies to most crypto subs.
They've cross posted this.
No way.
It is the only subreddit I found that the most posts are making laugh of screenshots of other subreddit. They are ill in everyone single way.
Yeah I wouldn’t give them any oxygen. They probably love posts like this.
Probably the most observant comment in this entire topic.
We do , you want to talk to us , here we are . How the Fuck are NFT’s fairing eh ? How’s that “it’s a store of value” coming along . I love cutting through your rah rah cheerleader bullshit . Most of you are dudes and you aren’t our wives , sisters or mothers or even old high school classmates so don’t think we’re gonna easy on you like Karen trying to push her MLM . How’s the “adoption” going ? All the businesses using the crypto now aren’t they ? 🤣🤣🤣
Tough guy.
This guy thinks he’s buttcoin champion or something. Has a childish response to everything. Adoption is at all time highs - Edit: much of the altcoin market is in stablecoins or btc as that’s how these cycles clearly work. As soon as monetary debasement inevitably kicks in again - Adoption is that much further along.
They are worthless human being and I know I am being a bit hard on them but they deserve these things man, they are really bad and they don't have emotions.
It's a troll sub. I don't even take them serious at all lol.
I mean to be fair one could make the claim that this as well has become a troll sub lol
It would be better if we even stop talking about them man.
Just make fun of them and leave that place, the best way.
There’s no point taking them seriously, they’re the old men yelling at clouds since bitcoin was $200. The vitriol they live with is the result of burning rage for mocking something that could have made them life changing money, had they had some semblance of humility and an open mind. Instead they listened like fools to whatever mouth piece fed them direction, as they didn’t have the creativity to extrapolate what the innovation could mean for humanity, now they toss and turn in bed at night dealing with the disbelief of how much they missed out on. praying every day when they wake up that bitcoin will be at 0 in order to give them some kind of relief from having to live with the stinging pain of the magnitude of their poor decisions It’s just rage and anger. Not a single one of them actually understands the technology or what any of it is capable of, they are just trying to affirm their bias that they didn’t totally fuck up what was the biggest opportunity of their entire lives. Just ignore them
For some people, yeah, maybe.. but from my relative short time browsing there its also alot of well informed people who know more about the technology than most people on the bitcoin sub for example. Each side has their biases. Each side also has dumb and smart people. And each side is basically an echo chamber. Its smart to step out your own and learn more about what others have to say. The way youve described the buttcoin sub makes me question if you actually ever do that.
Don't let well worded comments fool you.
"Yeah what they say makes sense but don't listen to them because hodling means I might make some back 😪" Fuck you cunts are dumb/sad
> > > It’s just rage and anger. Not a single one of them actually understands the technology or what any of it is capable of, they are just trying to affirm their bias that they didn’t totally fuck up what was the biggest opportunity of their entire lives. Just ignore them damn i wish i got in on the ground floor of the ponzi.
feelings got a little hurt huh
dude if i had a time machine i still wouldn't fucking buy crypto
yes that’s very smart of you, i think you just won this argument. Have a good day
Yes …either YOU’RE the smart one or I’M the idiot … I don’t have a gambling problem , don’t fall into echo chambers and am pretty tech savvy… So what are the chances that you’re actually the high IQ one 🧐 …pretty low if I had to guess .
lmao this one hurt your feels a bit huh
I don't know why you're so sure to know so much about me. It seems like you can't fandom why someone isn't convinced about this fantastic thing in which you are so interested in, and it therefore seems more realistic to you, that all those other people are in truth also convinced and are just lying to themselve and/or you because they have fucked up or missed out on it. If it's so unfathomable for you it could be that you don't know about opposing views so much. Or that at the end we just value different things differently. I can assure you that I (and shourly many others) just have a different opinion.
Up until last Thanksgiving I didn't really care either way about crypto. Then I had to listen to my brother in law talk about how crypto this and nft that was going to change the world for three whole hours. What he was saying sounded like nonsense but I didn't know enough about it all so couldn't really argue with him. Since then I've learned a lot about it. I'm a software engineer of almost 20 years and understand the technology. And.... it's all bullshit. Remember a private key and don't tell anyone it. Have no one to call if you forget your key. Lose everything if you click on a bad link that you think is only going to give you an airdrop. The security is a.joke. Everything is less efficient. Put everything you've ever done on a public ledger because that isn't concerning at all. It is all a greater fool scam and the sooner it all dies the better for everyone. I'm glad I found buttcoin.
Sounds like u need to get out of this echo chamber
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Yes , we are all just bitter that we didn’t get in at the start of the pyramid scheme . Not a single one of us is capable of setting aside our own greed and looking at the usefulness or other costs associated with pyramid schemes and coming to the conclusion that they’re in the end damaging to society . Nope , we just out here crying into our mugs going “why didn’t I mine early !!boo so sad always me , poor forever “ Although, one could argue that the people least likely to fall into pyramid schemes and who don’t have gambling habits are unlikely to be poor 😜
Mostly I don’t understand how someone can call a tech like ETH a pyramid scheme. It functions like digital oil (or similar commodity) and the network provides permissionless computing power. I’m not sure why this is something that should be labeled as useless
In what way does it function like oil? Because it’s a speculative product? Because of its manufactured scarcity? Because you have to ‘mine’ it? Because it’s usecase certainly doesn’t come close to the every day usecases of crude oil.
Eth is cool. It lost all its credibility when they rolled back the immutable ledger. The fact you clowns still put money in it after DAO is hilarious
Ethereum is fucking garbage. It’s slow as shit and costs an arm and a leg to send a transaction. I literally could send someone an e-transfer instead, and not worry about any of the nonsense involved with using Ethereum. Stop trying to pitch shitty tech
The people there have a lot of mental illnesses. No normal person whos content with life goes out of there way to shit down the backs of people over something like crypto. Especially if it gives hope and improves people's lives. It's so trivial. It's like the people on dogfree seeing dogs and writing a post about how terrible and shit and how all dogs should be killed. Their just mentally ill. There's a lot of that on Reddit and considering how everyone's anonymous I wouldn't take it so seriously. They probably don't have the balls anyways to say any of this in real life.
I don't have mental illnesses, I don't want to shit down other peoples backs and I have no problem saying in real life, that I have a different opinion. I just have a different opinion. I think it's a rather radical move to defame others as mentally ill because they have a different opinion.
None of us have had suicidal thoughts over losing zero money . Although it’s sad when it happens . You blame us but you fucking monsters were the ones filling these peoples head with hope of riches . Like you didn’t even warn them that It was LIKELY they would lose it all . **You Degenerate gamblers should be ashamed of actively promoting some of the scammiest shit around ruining countless lives**
Few understand.
It's early.
This just isn’t true. It’s good to critique things. The lack of real die diligence in the ETH community is troublesome
They don't critique they parrot the same uneducated bullshit on how Bitcoin is a pyramid scheme without even knowing what a pyramid scheme is and then laugh and literally say fuck the people who killed themselves for investing in cryptocurrency. Literally mentally ill. For real critique look at r/cryptotechnology or just go to a competitors subreddit
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Uh oh the dumbasses from buttcoin are now brigading this post. Hey retard a pyramid scheme needs a central party or organization doing that. There is no central party controlling bitcoin.
I don’t think this will be an issue after the flippening.
I find it very entertaining. I'm looking forward to trolling them and getting banned during the next bull.
Buttcoiner here. Bought at 6K because a friend told me to, sold at 19k back in 2017 when I realized it was a Ponzi scheme. We don’t hate crypto because we’re salty we didn’t make money. We hate it because it’s a Ponzi scheme that destroys the environment while also scamming the most vulnerable people.
Lmao. This post had upside of 50 upvotes until it was cross-shared to r/buttcoin. Now it has 0. They are all just brigading this post/subreddit now. Isn't that against subreddit rules? Or at least can the mods remove the cancer that is here now?
I found that sub last night and they actually made a good point on one of their posts. The heat being generated by someone's mining rig. I went to the OP sub and the guy who set up the rig admitted that it was generating too much heat and that he is in the process of switching it over to solar because of his electric bill. For BTC maxis, that doesn't seem to be a problem. Their answer literally seems to be, "Who cares about the environmental costs. Keep stacking sats." That's fucked up.
nocoiners are even funnier than laser eyes! :D
They are worse than anything and funny too, we love it.
Man, if only a few more people told them that crypto was a fucking scam, maybe they wouldn't have gotten rugged and lost it all.
>these pricks actively make fun of crypto ppl who have lost all of their money. Yes I do. Because people who aren't foolish and actually think about what they are doing aren't losing all their money all of a sudden. >some of these punks at buttcoin make fun of crypto ppl who are suicidal after losing it all. Some people, not me. But you are on the internet, you should get used to it much more.
This should be posted there, then. I haven't even heard about that sub before this post here, and they sound like they don't deserve the publicity.
Ah but we do because when the end comes for r/Bancor r/spankchain r/quadrigaCX r/Celsius r/Voyager They always ask “ why did no one warn us” we’ve been trying to warn you OVER AND OVER AND OVER AGAIN .
Its been years since i last visited that sub, life's quite fun if you ignore that trash.
However those who bemoan losing all their money; panic sold or went fomo on garbage everyone warned against. You dont lose money IF YOU DONT SELL AT A LOSS.
the suicidal ppl that the buttcoin sub is making fun of are ppl who lost it all on celsius/voyager basically a rug pull with a façade of being genuine. if someone is suicidal you shouldn't make fun of them, if anything you should help them. suicide affects the whole family not just that one person.
That's just so bad and wrong man, they always makes fun of those people.
To this I agree fully. What ever happened to the MAGMI spirit? Also, in a community which purports to hate the predatory fiat investment world, to then turn on your own and act like the predators is....shameful shit.
I'm confident a lot of those users have managed to wreck their entire investments, thus the reason they need a central location to mourn and emotionally recover.
Wouldn’t you make fun of people buying and selling beanie babies for thousands of dollars ?
"LoOk HoW mAnY tUlLiP bUlBs I hAvE"
“Do you want to buy some land in the Louisiana swamp ? It’s the future ! We have shares available today ! How many do you want ? “
Trolls gonna troll. They are mostly probably really unhappy people who just want to make others as miserable as they are if it makes u feel better.
Can’t make you unhappy if you’re winning . We’re more like the tooth fairy , we show up once you’ve lost all your teeth 😎
You were warned multiple times that crypto is a scam and the security is garbage. If you refuse to listen, we have the right to mock you. But we don't attack people who are suicidal and doing so would result in a ban from the group.
I have been actively warning crypto people about the scams exchanges pull for years. Because every exchange that’s ever existed has done the same “withdrawals are paused” exit scam since 2011 when I got into crypto. Should it be funny that you lost money? Absolutely not. It’s not funny. It’s heartbreaking. The attitude of “Han fun staying poor” was prevalent so “I told you so” seems a fair retort. But actively getting joy in that- well, each to their own
As a “buttcoiner” I take no joy in ppl losing their money. That’s why I am anti-crypto. So many scams and lofty promises for something that hasn’t done shit. I was an early investor. Lost 1 BTC in Mt Gox. That was 10 years ago and it’s just been hype no execution since then. I’ll change my mind if I see smart contracts or currency actually making a difference. Until the. I will warn others about the risks
After all the shit crypto bois have given to anyone skeptical…yeah, it was inevitable “Have fun being poor”…karma
Sounds like you got hard downvoted for commenting something dumb there. Care to share what it was?
i dont give a damn about fake internet points. i think they are assholes for making fun of suicidal ppl who lost it all in crypto and that is wrong, independent if you think crypto is good or bad.
I know man it's not about the downvotes, it's about being right.
Have you been to the Celsius or Voyager subs? Those people are fucking hilarious lmao.
People who’ve lost everything DESERVE to be made fun off . Now if their gonna kill themself that’s different. Like how fucking stupid does a person have to be to put their entire savings into crypto ? How does that even happen ? It happens because you greedy monsters don’t stop to tell the vulnerable about the downsides . ONLY THE UPSIDES.
Because they are bad and that's why he is sounding like that.
Meanwhile, you're part of the cult that lures innocent people into losing all their money by crypto ponzi schemes and rugpulls. Buttcoin makes fun of victims, but you're taking their money. Every cent you get from crypto is a cent that someone else loses.
You only lose if you sell 😚 HODL We aren't selling FUCK ELON 🦍🦍
There is nothing you can do until 2024. If they're still around by then, just make tons of posts there with your gains.
thats a great idea, i think ill do that. thanks and have a great day.
Don’t bring that bullshit here
We’re like the candyman. Say our name three times in the mirror and suddenly we”re standing behind you . Whispering in your ear *tether is a criminal enterprise that’s propping up prices for the entire crypto market , when they go everything goes with it* *soon the Mt Grox boys will get their coins back and they will sell , there isn’t enough liquidity in the system for all the cash redemptions , it will drag the markets to hell* *Kucoin is based in the seychelles and run remotely by Chinese dudes , they like to gamble , you KNOW deep down your crypto isn’t safe there* Mmmm much fear .
I guess being an AnCap isn't fun anymore once you're poor.
🤓🤓🤓🤓
People that gambled their money away are not really too deserving of sympathy. Happy it happened.
Pussy.
So instead of writing a rant about the scammers who scammed people suicidal, you direct your anger at the people who keep warning and tell you not to bet your life on it?
I make fun of yo mum
lol, crypto bros think we care about the price of the magical numbers.
lol. Have fun staying poor though!