October 12Oct 12 Obligatory coffezilla breakdown of someone making $190,000,000 on shorts in crypto markets
October 13Oct 13 11 hours ago, StassneyHorn said: I sold out of XBTY on Monday and saved $2,350. Did I criminal right? Only if you were building your position to literally the minute before the tariff (there's that word again) announcement, and started offloading it 5 minutes after for a massive gain. Otherwise play on player
October 13Oct 13 On 10/11/2025 at 7:17 PM, Pescado_Rojo said: Reliable. Store. Of. Value. Meh. Bitcoin is down a whopping 8.2% from all time highs. On 10/12/2025 at 6:35 AM, Captainant said: Obligatory coffezilla breakdown of someone making $190,000,000 on shorts in crypto markets dont even have to watch video to know what’s going on. The financial scamming in the crypto space is by far the worst thing this administration is participating in. Inexcusable.
October 13Oct 13 1 hour ago, Screwed said: dont even have to watch video to know what’s going on. The financial scamming in the crypto space is by far the worst thing this administration is participating in. Inexcusable. Not the $20,000,000,000 gift to Argentina - who a couple years ago you were SURE we're gonna fix their problems with crypto and populism? Literally two orders of magnitude worse than this particular grift
October 14Oct 14 It’s too complicated for me, but I dig that channel and in his opinion, what we’re doing with Argentina is not a gift. It’s a liquidity injection, a loan with (relatively low) interest rates to prevent a short squeeze. It’s a relatively normal currency exchange. We’re helping them stabilize their currency that they’re “crawling” pegging (giggity) to the dollar. I think it’s in the dollar’s and America’s western hemisphere interests, even if it is technically a bailout. Edited October 14Oct 14 by B00M If it is a gift, it’s an inflation adjusted gift on the order of millions, very unlikely to be billions
October 14Oct 14 It’s too complicated for me, but I dig that channel and in his opinion, what we’re doing with Argentina is not a gift. It’s a liquidity injection, a loan with (relatively low) interest rates to prevent a short squeeze. It’s a relatively normal currency exchange. We’re helping them stabilize their currency that they’re “crawling” pegging (giggity) to the dollar. I think it’s in the dollar’s and America’s western hemisphere interests, even if it is technically a bailout. There’s thinking that it’s a defensible idea/action (it may well be, for the reasons you say), and then there’s utterly forgetting the swooning over Milei, and how he was gonna show all them deep state libtard types what a true libertarian crypto paradise would look like!When the very people who held him up as the archetype for freedom and gubmint bad and all that are ALSO supporting his bailout…yeah, we’re laughing AT you, not with you.
October 14Oct 14 1 hour ago, Brisketexan said: There’s thinking that it’s a defensible idea/action (it may well be, for the reasons you say), and then there’s utterly forgetting the swooning over Milei, and how he was gonna show all them deep state libtard types what a true libertarian crypto paradise would look like! When the very people who held him up as the archetype for freedom and gubmint bad and all that are ALSO supporting his bailout…yeah, we’re laughing AT you, not with you. It’s been like 22 months? Drawing economic conclusions is premature. Argentina was and still is in a tough spot, but 2 years isn’t enough time to judge a big economic experiment that has some positive indicators. Edited October 14Oct 14 by B00M
October 14Oct 14 It’s been like 22 months? Drawing economic conclusions is premature. Argentina was and still is in a tough spot, but 2 years isn’t enough time to judge a big economic experiment that has some positive indicators. There hasn’t been enough time? All yall were doing victory laps just a few months ago when things looked better. GTFO with that “it’s just been 22 months” bullshit.
October 14Oct 14 6 hours ago, Brisketexan said: There hasn’t been enough time? All yall were doing victory laps just a few months ago when things looked better. GTFO with that “it’s just been 22 months” bullshit. Good lord, I’m not a crypto bro or your political enemy, and I certainly wasn’t taking victory laps over Argentina a few months ago
October 14Oct 14 6 hours ago, scramblyn said: Argentina is always in a tough spot. Latinx hate them because they are so arrogant and uppity and pretend they are european and look down on their brown neighbors.
October 14Oct 14 On 10/11/2025 at 2:46 PM, Chopper said: hey if this is one of you plz give me a heads up next time I really hope it was these guys:
October 15Oct 15 On 10/11/2025 at 2:46 PM, Chopper said: hey if this is one of you plz give me a heads up next time sounds like a lucky bet, and I doubt that person's name rhymes with Derek Drump.
October 24Oct 24 lmfao CZ got a fucking pardon https://www.reuters.com/world/us/trump-pardons-convicted-binance-founder-zhao-white-house-says-2025-10-23/ U.S. authorities said in 2023 that Binance had failed to report suspicious transactions with organizations including Hamas and al Qaeda and with websites dedicated to selling child sexual abuse materials. Zhao, a citizen of Canada who was born in China, personally paid a $50 million fine and served nearly four months in prison last year after pleading guilty to the same charge as his company. However, he kept his Binance stake, while one of his appointees was made chief executive. "I made mistakes, and I must take responsibility," Zhao said when he stepped down. The full and unconditional pardon could pave the way for him to return to the business he co-founded in 2017. It may also offer the chance for Binance to expand in the United States as the crypto industry booms under the Trump administration. ... Binance itself this year offered support to one of the Trump family's crypto ventures, World Liberty Financial. In May, Binance accepted World Liberty's USD1 stablecoin as payment for a $2 billion investment in the exchange by Abu Dhabi investment firm MGX. Binance's decision to accept USD1, which was launched only in March, provided a big boost to the World Liberty venture, and still accounts for most of the USD1 in circulation. Edited October 24Oct 24 by Captainant
November 14Nov 14 I'm gonna laugh if a lot of these SPACs and other shitty penny stock companies seeking to emulate MSTR go bankrupt because they funneled money they could use on growing their core business into a BTC treasury, in many cases diluting the company significantly or borrowing funds just to make the purchases. HODL will transition from a stupid reddit meme to a corporate mantra as these companies circle the drain.
November 14Nov 14 Money devalues through inflation over time, intentionally. That's motivates commerce . It encourages people to get it out of their hands in exchange for goods and services. Deflation is bad. The opposite happens. See Depression, Great. Crypto's attraction is it is going up. This is how I'll get rich. The longer I hold it, the richer I get because someone later will pay more for it tomorrow and even more the day after. Isn't this contradiction going to forever make crypto a nonviable currency?
November 14Nov 14 2 minutes ago, OneOfTheOutOfFocusGuys said: Money devalues through inflation over time, intentionally. That's motivates commerce . It encourages people to get it out of their hands in exchange for goods and services. Deflation is bad. The opposite happens. See Depression, Great. Crypto's attraction is it is going up. This is how I'll get rich. The longer I hold it, the richer I get because someone later will pay more for it tomorrow and even more the day after. Isn't this contradiction going to forever make crypto a nonviable currency? BTC hasn’t been a currency since the early days, in the same way gold isn’t a currency anymore either. It has a speculative component but it’s more an inflation resistant store of value that does appreciate because of the inflationary pressures and because of supply and demand scarcity. The one thing that is true about BTC is that it has rapidly evolved over the last many years.
November 15Nov 15 19 minutes ago, Cyrus the Great said: You can’t buy things with gold over your phone. Big announcement this week. It can be spent. Or you can even just pay people in BTC easily. Just go to the Bitcoin button on cashapp. Here’s the current map of vendors in Austin zoomed out. Lol. Lmao, even. That's not on-chain transactions, it's a side-chain with a trusted third party like lightning is. Trusted third parties break a core operating principle of the Bitcoin protocol and white paper. You're just recreating the banking system, but with way less efficiency and way more money laundering
November 15Nov 15 1 hour ago, scramblyn said: Bitcoin is a security not a currency. Even if some try to (re)make it a currency. https://bitcoin.org/en/bitcoin-paper The title of the white paper is "Bitcoin: A Peer-to-Peer Electronic Cash System"
November 15Nov 15 1 minute ago, Captainant said: https://bitcoin.org/en/bitcoin-paper The title of the white paper is "Bitcoin: A Peer-to-Peer Electronic Cash System" I understand that was the start but how fucking stupid does the guy who spent 10 bitcoin on pizza and beer 10 years ago feel now? Btw bitcoin isn’t a currency, it’s a security according to legal principles.
November 15Nov 15 7 minutes ago, scramblyn said: I understand that was the start but how fucking stupid does the guy who spent 10 bitcoin on pizza and beer 10 years ago feel now? Btw bitcoin isn’t a currency, it’s a security according to legal principles. The underlying protocol hasn't changed. Code is law in cryptocurrency, and it's definitionally a currency with extremely low throughput and extremely high energy requirements
November 15Nov 15 I don’t give a fuck. It doesn’t function like a currency for 95% (maybe more) of its holders at all. It’s actually probably more like a commodity (held directly) than a security with trades in BTC being securities through ETFs etc. Edited November 15Nov 15 by scramblyn
November 16Nov 16 6 hours ago, scramblyn said: I don’t give a fuck. It doesn’t function like a currency for 95% (maybe more) of its holders at all. It’s actually probably more like a commodity (held directly) than a security with trades in BTC being securities through ETFs etc. So you're saying it's entire purpose is not to deliver a utility but fish for a greater fool? I can't disagree
November 16Nov 16 18 minutes ago, Captainant said: So you're saying its entire purpose is not to deliver a utility but fish for a greater fool? I can't disagree What it was created for and how it’s being used are different. It’s just facts. Edited November 16Nov 16 by scramblyn
November 16Nov 16 2 minutes ago, scramblyn said: What it was created for and how it’s being used are different. It’s just facts. But you're saying the only reason to buy it is to sell it to a greater fool later. Other assets represent real tangible goods or interests in a business. Bitcoin is an entry on a distributed spreadsheet - by your argument it's not good for anything else. So why is a line item on a distributed ledger intrinsically a security? If there's no value or function intrinsic to the thing itself, I mean
November 16Nov 16 2 minutes ago, Captainant said: But you're saying the only reason to buy it is to sell it to a greater fool later. Other assets represent real tangible goods or interests in a business. Bitcoin is an entry on a distributed spreadsheet - by your argument it's not good for anything else. So why is a line item on a distributed ledger intrinsically a security? If there's no value or function intrinsic to the thing itself, I mean You can have it dog. Arguing with you doesn’t make a shit.
November 16Nov 16 2 minutes ago, scramblyn said: You can have it dog. Arguing with you doesn’t make a shit. I mean, there's nothing wrong with gambling on purely speculative assets but you shouldn't be lying to yourself and others that it's a security just because it makes you feel good to say it
November 16Nov 16 Bitcoin is not a security under legal principles. A lot of other cryptocurrencies are but Bitcoin is not. A security requires derivation of value from those who are managing it. And as far as I know, Bitcoin does not have that management component. So it is a lot more like gold or silver or diamonds or iron.
November 16Nov 16 44 minutes ago, elfenix said: Bitcoin is not a security under legal principles. A lot of other cryptocurrencies are but Bitcoin is not. A security requires derivation of value from those who are managing it. And as far as I know, Bitcoin does not have that management component. So it is a lot more like gold or silver or diamonds or iron. I get where you're going, but The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
November 16Nov 16 48 minutes ago, elfenix said: Bitcoin is not a security under legal principles. A lot of other cryptocurrencies are but Bitcoin is not. A security requires derivation of value from those who are managing it. And as far as I know, Bitcoin does not have that management component. So it is a lot more like gold or silver or diamonds or iron. you are correct, I pivoted to commodity. I was thinking about how I hold BTC which is through an ETF which is a security and got turned around a bit. the actual bitcoin itself is not a security in the pure sense. 3 minutes ago, TwiceHorn said: I get where you're going, but The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. if you compare currency, security and commodity, BTC acts like a commodity (like gold for example) more than the other two. the lack of practical utility is what throws everyone off, but it is no way shape or form predominately used as a currency, despite it's original premise upon its creation.
November 16Nov 16 15 hours ago, Captainant said: I mean, there's nothing wrong with gambling on purely speculative assets but you shouldn't be lying to yourself and others that it's a security just because it makes you feel good to say it I already pivoted it's a commodity like gold (and explained why I was wrong), but it's not a currency. and if it were, tell me this, when was the last time you spent BTC on mundane goods or services? when did you buy a car with it? when did you buy a house with it? it's theoretical underpinnings may be there for it to be a currency but the vast majority who hold it do not treat it like a currency, including you. Edited November 16Nov 16 by scramblyn
November 16Nov 16 24 minutes ago, scramblyn said: I already pivoted it's a commodity like gold (and explained why I was wrong), but it's not a currency. and if it were, tell me this, when was the last time you spent BTC on mundane goods or services? when did you buy a car with it? when did you buy a house with it? it's theoretical underpinnings may be there for it to be a currency but the vast majority who hold it do not treat it like a currency, including you. What makes it a security? What thing does it secure for you? There is no other side to the transaction of a Bitcoin sale that the Bitcoin is securing for you. There is no promise of goods to be bought or sold with it, and no utility to gain with it by your own acknowledgement. Buying a stock gives you a vote in the company's decisions. Buying a bond gives you a contractual obligation to get paid back by the bond issuer. There's another side to those transactions that the asset is securing for the buyer. There is no such thing for Bitcoin. And applying the asset lense, what asset does it represent? There is not anything that it represents aside from an entry on a distributed ledger. Again, there's nothing wrong with buying and selling cryptos, but it's definitionally NOT a security and is explicitly a currency in name and architecture and implementation Edited November 16Nov 16 by Captainant
November 16Nov 16 1 hour ago, TwiceHorn said: I get where you're going, but The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. and several of those things can be more broad than howey or would be considered notes and so would not be securities.
November 16Nov 16 1 hour ago, Captainant said: What makes it a security? What thing does it secure for you? There is no other side to the transaction of a Bitcoin sale that the Bitcoin is securing for you. There is no promise of goods to be bought or sold with it, and no utility to gain with it by your own acknowledgement. Buying a stock gives you a vote in the company's decisions. Buying a bond gives you a contractual obligation to get paid back by the bond issuer. There's another side to those transactions that the asset is securing for the buyer. There is no such thing for Bitcoin. And applying the asset lense, what asset does it represent? There is not anything that it represents aside from an entry on a distributed ledger. Again, there's nothing wrong with buying and selling cryptos, but it's definitionally NOT a security and is explicitly a currency in name and architecture and implementation First, again, bitcoin functions as a commodity not a security. but to your post … What thing does it secure for me??? The meanings of the terms security, currency and commodity are legal in nature, and a security is not something that secures something for someone. It’s a legal term defined by case law and the SEC, specifically as @elfenix refers to the Howey test. my point about using BTC to buy shit goes to the heart of what a currency is. People don’t hold and use BTC as a currency, they just don’t. Your point about voting is 100% irrelevant to what is and isn’t a security. And you just claimed a security is an asset and BTC is not. That’s nonsensical. you need to read up a bit more before you keep going. Your entire response was off base and irrelevant.
November 16Nov 16 10 minutes ago, scramblyn said: People don’t hold and use BTC as a currency, they just don’t. What do they use it for? Aside from hoping to sell to a greater fool later?
November 16Nov 16 2 minutes ago, Captainant said: What do they use it for? Aside from hoping to sell to a greater fool later? You’re insufferable. Figure it out yourself dog.
November 16Nov 16 16 minutes ago, scramblyn said: You’re insufferable. Figure it out yourself dog. Getting emotional and calling someone a dog is an interesting way to cede that you don't have a meaningful response or counter position for why a ledger entry is a commodity or security
November 16Nov 16 surly brokers! I’m strongly considering consolidating the entirety of my wealth into texit coin. is this a good idea?
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