Crypto

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The new cryptocurrency ApeCoin is skyrocketing in anticipation of a major metaverse digital land sale.

The Bored Ape Yacht Club NFT-themed coin was up 50% this week alone, according to CoinMarketCap, and was up nearly 7% to $22.28 per coin in the last 24 hours early Thursday afternoon. On Thursday, the coin, which is not directly issued by Yuga Labs, the company that owns Bored Ape Yacht Club, and instead is run by a decentralized autonomous organization called ApeCoin DAO, reached the highest prices it’s seen since it was released in March of this year, before retreating slightly.

Part of the reason for ApeCoin’s rise is the excitement around the sale this weekend of 50,000 plots of virtual land on Otherside, yet-to-be released metaverse platform. Interested buyers will need ApeCoin to purchase a plot, which is contributing to the price surge.

Land in Otherside was originally planned to be sold in a Dutch auction, meaning that it would start at a high price, and then decrease as time went on. But on Thursday Yuga Labs pivoted away from that strategy.

“Dutch auctions are actually bullshit,” the Otherside posted on its official Twitter account Thursday.

Now, all plots of land in the metaverse world will be sold for a flat price of 305 ApeCoin, according to Otherside’s Twitter account. That’s equal to about $6,957, as of ApeCoin’s price on Thursday afternoon. However, if the price of ApeCoin increases, the price of land will be inflated as a result

Hurry up and get your plot of virtual land now!
 
Buffett is right. Bitcoin depends 100% on the next idiot willing to buy it. It doesn't earn shit, it doesn't produce shit, and it has no intrinsic value. Zero, zip, zilch, nada.

Greatest. Ponzi. Scheme. Ever.

@HammerDown, post this to your horde of crypto junkies.
 
Banks, corporations and countries adopting Bitcoin?

They also adopted collateralized mortgage obligations in the runup to the 2007-2008 crash. Can you say Greece?

Cry me a fucking river.
 
derp GIF
 
Dole ver 2.0 said:
Buffett is right. Bitcoin depends 100% on the next idiot willing to buy it. It doesn't earn shit, it doesn't produce shit, and it has no intrinsic value. Zero, zip, zilch, nada.

Greatest. Ponzi. Scheme. Ever.

@HammerDown, post this to your horde of crypto junkies.
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LOL @ you putting a 💯 on dbldwn's video without (again) even watching it to realize that it eviscerates your ignorance.

Face Palm No GIF


Warren Buffet and Charlie Munger are almost 200 years old between them and have made billions on the back of dying legacy systems. Perfectly engineered money comes along that will inevitably end everything they stand for and they're opposed to it. Shocking.

Sign Dole up for the Charlie Munger (slumlord and slinger of diabetes) and Warren Buffet fan club because, just like him, they're scared of what they don't understand. :facepalm:
 
Dole ver 2.0 said:
Buffett is right. Bitcoin depends 100% on the next idiot willing to buy it. It doesn't earn shit, it doesn't produce shit, and it has no intrinsic value. Zero, zip, zilch, nada.

Greatest. Ponzi. Scheme. Ever.

@HammerDown, post this to your horde of crypto junkies.
Click to expand...
Read The Bitcoin Standard. The problem is that you don't understand money. Or Bitcoin.
 
HammerDown said:


These two dinosaurs have been alive for 187 years and have no fundamental understanding of Bitcoin.

They taught Dole everything he knows about it.
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Munger also spoke at that same conference. His video was totally scathing of Bitcoin. IMO it didn’t offer any insight and his comments were only intended to get a cheap laugh.
 
dbldwn711 said:
Munger also spoke at that same conference. His video was totally scathing of Bitcoin. IMO it didn’t offer any insight and his comments were only intended to get a cheap laugh.
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Earlier last month Charlie said “buying Bitcoin is the same as dealing in newborn baby brains”
Season 2 Wtf GIF by Parks and Recreation
 
HammerDown said:
That’s okay. What’s not okay is stubbornly refusing to learn while still trying to influence others thinking.

“I’m dumb and scared and you should be, too!!!” - @Dole ver 2.0
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"I need to keep hyping worthless crypto and getting people excited about it so that suckers will pay me more than I paid to get it" - @HammerDown
 
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