Walrus' Bitcoin Thread

**TIC** · 05-12-2021 09:08 PM

bitcoin is becoming basically a government coin. it's value will drop over the next few years. hopefully walrus gets out before it falls away. i hope he got on monero & piratechain early enough. there is still time

**SlimTrae** · 05-13-2021 06:47 AM

So the gov followed same old route? can't be em -join em and take it over, damn...

**palmerq** · 11-12-2022 07:28 PM

Buy the dip!

Source:trust me bro.

**Kirkland Laing** · 11-13-2022 10:27 PM

I stayed out of this thread at the time because I knew I'd just get really annoyed but seeing as Walrus is no longer here and after recent events I thought I'd have a look and it turns out our crypto fans were discussing a Ponzi scheme and deciding it was a good investment. Marvellous.

To be fair to crypto recent events might make you think it's all a Ponzi scheme but that's not true. Some of it is Ponzi schemes, some of it is affinity fraud, some of it is pyramid schemes, some of it is pump and dump schemes, some is middlemen skimming a hundred and one percent off the top, some of it is just straight up criminality.

And don't forget the tax evasion and money laundering schemes either. Celebrate all the diversity in the crypto sphere.

**NoSavingByTheBell** · 11-15-2022 03:59 AM

Originally Posted by Kirkland Laing

I stayed out of this thread at the time because I knew I'd just get really annoyed but seeing as Walrus is no longer here and after recent events I thought I'd have a look and it turns out our crypto fans were discussing a Ponzi scheme and deciding it was a good investment. Marvellous.

To be fair to crypto recent events might make you think it's all a Ponzi scheme but that's not true. Some of it is Ponzi schemes, some of it is affinity fraud, some of it is pyramid schemes, some of it is pump and dump schemes, some is middlemen skimming a hundred and one percent off the top, some of it is just straight up criminality.

And don't forget the tax evasion and money laundering schemes either. Celebrate all the diversity in the crypto sphere.

Walrus is as "here" as he ever was. Wachoo smokin

**Kirkland Laing** · 11-15-2022 07:01 AM

Warren Buffet, the world's richest investor and his partner Charlie Munger weigh in on crypto:

https://twitter.com/Stephen_Geiger/s...02421129416706

Buffet bet every single person working in the hedge fund industry a million dollars that he could invest his money in a standard index fund for ten years and they could invest their million in any hedge fund for a decade and the one who earned the greatest return would pay the other one a million. Only one guy took him up on his offer which tells you everything you need to know about the hedge fund industry right there and also how you should invest your money. You can read about it if you're interested.

The fund that both Warren and Kirkland agree you should invest your money is a Vanguard S&P 500 index fund. You work out which one. Put it in there and forget about it. Let it appreciate for decades.

This came out in 1980. It's the second biggest selling album of all time. If you'd put $10 000 in the Vanguard fund the day this came out you'd be a millionaire now. Invest your pennies and have a nice retirement. And read up about the guy who started Vanguard. He set up the world's first socialist investment fund and it's now the biggest in the world. If he'd charged people even a small fee he'd have made many billions.