The crypto group a16z has Some very curious partners ,ex director of the New York stock exchange , ex director of the securities and exchange commission division of corporate finance, current advisory team is scaled to win over Congress with many key partners as lobbyists. It’s already been put in front of Congress in December .

Apparently my post stands...

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TC
Current stable:
- 2004 Mazda RALLYWANKEL
- 2007 Saturn sky redline
- 2004 Explorer...under surgery.

Past: 135i, GTI, 300E, 300SD, 300SD, Stealth

I’m really finding interest in how the word Technology is used during the Congressional hearing of crypto currency as a whole , seems it can be repeated by other crypto currencies following the same guidelines, or technology .Watch the YouTube Congressional hearing on Cryptocurrency , too further the entertainment enjoyment play Pink Floyd’s song “Money “ lightly playing in the background while watching ,trolling for all the money we can get before it fails . Can we say bail out but who do you bail out on this troll puzzle

The A16z current newsletter on their site reads how they are radical optimistic on the stock , they have secured a 2.2 billion , but left out the word dollar or the dollar sign , only the word fund , interesting . Follows with bold letttering . We are expanding our team to provide unrivaled regulatory and operational capabilities alongside our crypto data science and research services .Then all this enthusiastic talk follows with a 3 page legal script waiver , this right below the booster speech of on how everything above is a third party discription and no liability . Read Your Fine Print 👀

The Very New team members at A16z are ex Washington policy makers , further securing invested dollars with a who’s who of front men to push policy change , end result ,to legitimize crypto currency with policy makers help .The one question the panel had during the congressional hearing is the regulatory dimension of WallStreet using this new instrument , I’m getting the idea it’s a self serving instrument since the response was very convoluted and misunderstood by many in the hearing .

Turns out all the naysayers were right after all .

Just one more scam or pyramid .

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-Nate
1982 240D 408,XXX miles
Ignorance is the mother of suspicion and fear is the father

I did then what I knew how to do ~ now that I know better I do better

How so?

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Are you the only one who didn't loose in the recent crash ? .

__________________
-Nate
1982 240D 408,XXX miles
Ignorance is the mother of suspicion and fear is the father

I did then what I knew how to do ~ now that I know better I do better

Everyone lost from it's high. I'm still plus from my original investment.

None of which has anything to do with why it's a scam? The people who had Pan Am stick...were they scammed?

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Okay David ;

If you're still happy that great but most who invested in this lost their behinds, that's what makes it a scam .

__________________
-Nate
1982 240D 408,XXX miles
Ignorance is the mother of suspicion and fear is the father

I did then what I knew how to do ~ now that I know better I do better

No I am not happy. Losing money on an investment does not make it a scam. My 401k lost a significant amount of value. That does not make it a scam.

Crypto is a very volatile investment. I knew that going it.

A scam is a solar company telling me their system will provide 100% offset while.not.telling.me there are only a hand full of companies that even do net gen and those that do have significant limitations. That is a scam.

Losing money on an investment does not make it a scam.

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

So if you lose money its a scam? I dont think thats how investments, markets, etc. work...

__________________
TC
Current stable:
- 2004 Mazda RALLYWANKEL
- 2007 Saturn sky redline
- 2004 Explorer...under surgery.

Past: 135i, GTI, 300E, 300SD, 300SD, Stealth

No, but the reverse is true: if it's a scam, you lose money.

So let's talk about investment. Investment is placing money in enterprises that promise future increase. Increase can come in the form of dividends, interest, or growth. The last is the most problematic in the case of crypto. Because crypto produces nothing and has no intrinsic value, but the price grows as it sucks in liquidity. Unfortunately, these characteristics also attach to things like gold, banks and paper currency, so it's very hard to distinguish crypto from a Ponzi. I think the one differentiator is that the only thing produced by a Ponzi is volume. Which is also not helpful, because technical analysis is driven by price and volume. So it's completely reasonable to use classical technical analysis to explain crypto price movements and make pretend that they're investments. The only way to be sure if something is is a Ponzi may be to hold it until it dies. Even then, if there's enough interest in the corpse, it could develop into something akin to gold: a useless trinket that endlessly attracts new dreamers. LUNC still has interest, even after Terra's epic meltdown.

Another problem is that you can hang whatever crap you want off a blockchain. After all the cartoon apes and idiotic digicoins disappear into history, this terrible technology will still find new uses. Some of them may actually have value, which will only make it harder to suss out the frauds. Until the last fool capitulates, you can't call it a fraud.

Well bitcoins main source of value is scarcity so it's not much different than gold. They both have some limited utility - blockchain has some utility in making payment transaction more efficient and gold has some utility in industrial uses. They aren't that different, it's just that gold is more established.

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“I’ve known Jeff for fifteen years. Terrific guy, He’s a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side. No doubt about it — Jeffrey enjoys his social life.” - donald trump Source

You should hodl, because ya never know. The world may need another chimera.