Jump to content

Featured Replies

 
23 minutes ago, La Dee-vina Comedia said:

We have a new partner in Coinjar, a cryptocurrency exchange.

We're clearly moving with the times. Well done MFC Commercial Team.

 

 

For some reason when I read the thread title I read it as 'Swear Jar' and thought @Demonland had implemented a new plan to recoup site costs....

 

Edited by Kumamoto_Ken

 

For all the crypto new comers this is quite a big deal. I dont know what a " partner" is but  coinjar is a big busines now. Pity they're not a sponsor.  For the doubters  crypto is 100% here to stay and  in bigger and bigger ways. For those still wondering you can hold USDT ( the crypto token for USD)  in certain staking accounts and earn anywhere from 8 - 12% PA. Name a bank offering that?   Coinjar is Australias largest crypto exchange, its a platform you can link your bank acct to and come in and out of AUD and Cryptocurrencies. Its both a bridge into crypto with dollars as well as a place to hold your crypto and exchange it between coins. A good get! But as I say pity they're not a sponsor as they're a big deal. 


Just now, david_neitz_is_my_dad said:

I have a feeling the demographics of the MFC membership heavily favours those in the age group that wouldn’t know nor care what cryptocurrency is.

Crypto offerings are  happening through traditional banks in the USA now. JP Morgan, Grey Scale Trust etc . Its also on the books in billion dollar ways of major corporations ie Micro strategy, Tesla and many others. No need to confine it to a a demographic...its coming soon to a town near you ;-) 

Can we pay for our memberships next year with this BS currency?

 
3 minutes ago, Wells 11 said:

For the doubters  crypto is 100% here to stay and  in bigger and bigger ways.

After reading the book about the Winklevoss twins I told my kids that a small part of a portfolio in bitcoin was sensible.

At that time is was $15k and most thought it overvalued.

Pity I never listened to my own advice and nor did the kids.

Just now, DubDee said:

Can we pay for our memberships next year with this BS currency?

short sighted comment DD. Do you have any idea how many people have huge sums of money in Crypto assets looking for a place to spend them? Its why so many retailers are trying to be crypto friendly now. 


Just now, daisycutter said:

still reckon crypto is dodgy......if it's too good to be true..........etc

it's no more dodgy than gold if you think about it

A metal with no real value other than scarcity

Just now, Diamond_Jim said:

it's no more dodgy than gold if you think about it

A metal with no real value other than scarcity

or dollars themselves once they left the gold standard

Just now, Diamond_Jim said:

it's no more dodgy than gold if you think about it

A metal with no real value other than scarcity

hey jim, interested in a bridge (good condition) in sydney? going for an absolute bargain

3 minutes ago, daisycutter said:

hey jim, interested in a bridge (good condition) in sydney? going for an absolute bargain

the real problem with Bitcoin is that it is so volatile price wise it is not a great medium of exchange

My computer geek around 2010 wanted me to invest $500 into a new fangled thing called Bitcoin like he was doing. They were selling for around 3 cents each then. I knocked back the offer because I was grinding out money playing poker which in the long run worked out to about $5 an hour. In hindsight Bitcoin were a good idea then but now too volatile to contemplate. Just a speculative asset.

Edited by John Crow Batty


8 minutes ago, Diamond_Jim said:

the real problem with Bitcoin is that it is so volatile price wise it is not a great medium of exchange

and its "success" is based on its volatility

it appeals to the overnight millionaire and is essentially another form of pyramid investing

19 minutes ago, Diamond_Jim said:

it's no more dodgy than gold if you think about it

A metal with no real value other than scarcity

Tell that to people from war torn countries where having gold was the only ticket to escape or avoid starvation.

 

Edited by John Crow Batty

3 minutes ago, John Crow Batty said:

My computer geek around 2010 wanted me to invest $500 into a new fangled thing called Bitcoin like he was doing. They were selling for around 3 cents each then. I knocked back the offer because I was grinding out money playing poker which in the long run worked out to about $5 an hour. In hindsight Bitcoin were a good idea then but now too volatile to contemplate. Just a speculative asset.

i'd like 2c for every time I've heard that story.......i'd be rich

1 minute ago, daisycutter said:

and its "success" is based on its volatility

it appeals to the overnight millionaire and is essentially another form of pyramid investing

Hmmm. Why would big multinational, multi billion dollar companies , with CFO's on huge pay packets be bothering with a pyramid scheme? Theyre holding bitcoin as part of their cash reserves now.  Its true the dotcom bubble, which this is being likened to,  had a lot of fails...as will certain coins in the crypto space ( probably many) , but the dotcom bubble also left us with Amazon, microsoft, google, utube, Facebook, paypal etc etc etc etc. Dont be too quick to overlook the size of whats happening here. 


Cryptos are nonsense, but each to their own. They'll never supercede state money. Decentralising finance is even more dangerous than having two major parties who operate almost entirely on behalf of the elites. All you get with cryptos is the same thing happening. The elites manipulating their wealth port folios with the old pump and dump, and then virtue signalling about cryptos horrible ecological impacts.

But a deal is a deal. I wonder how much money they're tipping in. I hope it's taxable AUDs. :P

23 minutes ago, DubDee said:

Can we pay for our memberships next year with this BS currency?

Oddly enough, many of the big Soccer clubs have their own crypto-currency.

And to echo what others have said; crypto-currencies get people excited because once in a while the random token you bought a $100 worth of will jump by 200% and you can go tell everyone how smart and rich you are.

The rest of the time it is just tick... tick... tick... down.

Exciting success, boring failure. Always the key to marketing success.

I'd urge people to only buy if there is a particular practical reason such as building up your polonium stash through the Darkweb or a relaxing bit of saturday evening money laundering.

Although, I'd be tempted to buy a few DemonDollars for a laugh. A bit of GawnGold. PetraccaBucks? ClaytonCoin? PickettTicketts? MarketLeverage?

 

Is this the accumulation of all Melbourne supporters' individual contributions to their individual 'Swear Jars' caused by watching Melbourne since 1965? :goody:

P.S. Only just noticed @Kumamoto_Ken got in first with that joke. ?

Edited by Colin B. Flaubert

42 minutes ago, John Crow Batty said:

My computer geek around 2010 wanted me to invest $500 into a new fangled thing called Bitcoin like he was doing. They were selling for around 3 cents each then. I knocked back the offer because I was grinding out money playing poker which in the long run worked out to about $5 an hour. In hindsight Bitcoin were a good idea then but now too volatile to contemplate. Just a speculative asset.

Every gold rush started with people literally stumbling over nuggets of gold lying on the ground. The subsequent inrush of opportunists soon cleared them out, leaving everyone else to pan, mine, crush, and generally hope for the best. The early ones got rich quick and convinced themselves they were expert prospectors. In fact they were just in the right place at the right time.


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

Featured Content

  • NON-MFC: Round 13

    Follow all the action from every Round 13 clash excluding the Dees as the 2025 AFL Premiership Season rolls on. With Melbourne playing in the final match of the round on King's Birthday, all eyes turn to the rest of the competition. Who are you tipping to win? And more importantly, which results best serve the Demons’ finals aspirations? Join the discussion and keep track of the matches that could shape the ladder and impact our run to September.

      • Like
    • 133 replies
  • PREVIEW: Collingwood

    Having convincingly defeated last year’s premier and decisively outplayed the runner-up with 8.2 in the final quarter, nothing epitomized the Melbourne Football Club’s performance more than its 1.12 final half, particularly the eight consecutive behinds in the last term, against a struggling St Kilda team in the midst of a dismal losing streak. Just when stability and consistency were anticipated within the Demon ranks, they delivered a quintessential performance marked by instability and ill-conceived decisions, with the most striking aspect being their inaccuracy in kicking for goal, which suggested a lack of preparation (instead of sleeping in their hotel in Alice, were they having a night on the turps) rather than a well-rested team. Let’s face it - this kicking disease that makes them look like raw amateurs is becoming a millstone around the team’s neck.

    • 1 reply
  • CASEY: Sydney

    The Casey Demons were always expected to emerge victorious in their matchup against the lowly-ranked Sydney Swans at picturesque Tramway Oval, situated in the shadows of the SCG in Moore Park. They dominated the proceedings in the opening two and a half quarters of the game but had little to show for it. This was primarily due to their own sloppy errors in a low-standard game that produced a number of crowded mauls reminiscent of the rugby game popular in old Sydney Town. However, when the Swans tired, as teams often do when they turn games into ugly defensive contests, Casey lifted the standard of its own play and … it was off to the races. Not to nearby Randwick but to a different race with an objective of piling on goal after goal on the way to a mammoth victory. At the 25-minute mark of the third quarter, the Demons held a slender 14-point lead over the Swans, who are ahead on the ladder of only the previous week's opposition, the ailing Bullants. Forty minutes later, they had more than fully compensated for the sloppiness of their earlier play with a decisive 94-point victory, that culminated in a rousing finish which yielded thirteen unanswered goals. Kicks hit their targets, the ball found itself going through the middle and every player made a contribution.

    • 1 reply
  • REPORT: St. Kilda

    Hands up if you thought, like me, at half-time in yesterday’s game at TIO Traeger Park, Alice Springs that Melbourne’s disposal around the ground and, in particular, its kicking inaccuracy in front of the goals couldn’t get any worse. Well, it did. And what’s even more damning for the Melbourne Football Club is that the game against St Kilda and its resurgence from the bottomless pit of its miserable start to the season wasn’t just lost through poor conversion for goal but rather in the 15 minutes when the entire team went into a slumber and was mugged by the out-of-form Saints. Their six goals two behinds (one goal less than the Demons managed for the whole game) weaved a path of destruction from which they were unable to recover. Ross Lyon’s astute use of pressure to contain the situation once they had asserted their grip on the game, and Melbourne’s self-destructive wastefulness, assured that outcome. The old adage about the insanity of repeatedly doing something and expecting a different result, was out there. Two years ago, the score line in Melbourne’s loss to the Giants at this same ground was 5 goals 15 behinds - a ratio of one goal per four scoring shots - was perfectly replicated with yesterday’s 7 goals 21 behinds. 
    This has been going on for a while and opens up a number of questions. I’ll put forward a few that come to mind from this performance. The obvious first question is whether the club can find a suitable coach to instruct players on proper kicking techniques or is this a skill that can no longer be developed at this stage of the development of our playing group? Another concern is the team's ability to counter an opponent's dominance during a run on as exemplified by the Saints in the first quarter. Did the Demons underestimate their opponents, considering St Kilda's goals during this period were scored by relatively unknown forwards? Furthermore, given the modest attendance of 6,721 at TIO Traeger Park and the team's poor past performances at this venue, is it prudent to prioritize financial gain over potentially sacrificing valuable premiership points by relinquishing home ground advantage, notwithstanding the cultural significance of the team's connection to the Red Centre? 

    • 4 replies
  • PREGAME: Collingwood

    After a disappointing loss in Alice Springs the Demons return to the MCG to take on the Magpies in the annual King's Birthday Big Freeze for MND game. Who comes in and who goes out?

      • Like
    • 393 replies
  • PODCAST: St. Kilda

    The Demonland Podcast will air LIVE on Monday, 2nd June @ 8:00pm. Join Binman, George & I as we have a chat with former Demon ruckman Jeff White about his YouTube channel First Use where he dissects ruck setups and contests. We'll then discuss the Dees disappointing loss to the Saints in Alice Springs.
    Your questions and comments are a huge part of our podcast so please post anything you want to ask or say below and we'll give you a shout out on the show.
    Listen LIVE: https://demonland.com/

      • Like
    • 47 replies