Need to let loose a primal scream without collecting footnotes first? Have a sneer percolating in your system but not enough time/energy to make a whole post about it? Go forth and be mid: Welcome to the Stubsack, your first port of call for learning fresh Awful youāll near-instantly regret.
Any awful.systems sub may be subsneered in this subthread, techtakes or no.
If your sneer seems higher quality than you thought, feel free to cutānāpaste it into its own post ā thereās no quota for posting and the bar really isnāt that high.
The post Xitter web has spawned soo many āesotericā right wing freaks, but thereās no appropriate sneer-space for them. Iām talking redscare-ish, reality challenged āculture criticsā who write about everything but understand nothing. Iām talking about reply-guys who make the same 6 tweets about the same 3 subjects. Theyāre inescapable at this point, yet I donāt see them mocked (as much as they should be)
Like, there was one dude a while back who insisted that women couldnāt be surgeons because they didnāt believe in the moon or in stars? I think each and every one of these guys is uniquely fucked up and if I canāt escape them, I would love to sneer at them.
(Credit and/or blame to David Gerard for starting this.)
I saw in passing a claim that investors (or rather gamblers) are fleeing the dollar for safer assets such as āgold and Bitcoinā.
Gold might be true, the ancient relic is up against the dollar, but Bitcoin!? Someone tell me that isnāt true and itās just coinfondlers trying to hype it, in order to steer stupid capital their way.
Quick check suggests that Bitcoin is indeed up over the last couple of days, but at time of posting is down YTD. Any dumb money going into Bitcoin to hedge against USD chicanery is replacing the money that came out of it in response to the overall economic disaster still in progress, so I wouldnāt exactly call it a āflight to safetyā as much as a āmorons returning their still-on-fire hands to the hot stoveā
Ed: also all the usual disclaimers about liquidity, stable coins, manipulation, etc. apply just as strongly as they do for any other discussion of the Bitcoin spot price.
Isnt the money in volume in bitcoin quite low reportedly? I figure the exchanges can track that, but not sure if they release that data, which should show if this is real at all
@David Gerard could probably throw the actual numbers and sources at us to back it up. I donāt really have the background to put the numbers in context and have largely trusted his and othersā reporting on the subject, but my understanding is that especially if you consider the volume of actual USD liquidity rather than trusting Tether and other stablecoins to actually be backed then itās truly dire. Even if you take the numbers at face value, however, I donāt think thereās nearly enough depth in the order book to absorb a meaningful amount of sell pressure at current prices.
when stocks are suffering Bitcoin is seen as the automatic money machine cause allegedly line can only go up. It doesnāt produce or rely on supply chain logistics and is immune to trade wars so it quickly gets popularity again. And thereās no such thing as a former coiner because once thereās a hint of potential bag holders arriving then they activate like fucking sleeper agents ready to push the moon-prop
@yellowcake @mountainriver All it needs is a bigger fool.
@yellowcake @mountainriver, the cause of the money machine? Are you sure about that?
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