Welcome to Demonland - Coinjar

[La Dee-vina Comedia 16,644]

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

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

 

 

[Diamond_Jim 12,357]

saw that company on the boundary ads

there's money in mining

great book on the Winklevoss twins of Facebook fame who went big on cryptocurrency in its early days

Bitcoin Billionaires by Daniel Mezrich

https://www.theguardian.com/books/2019/may/16/bitcoin-billionaires-by-ben-mezrich-review

[Kumamoto_Ken 1,531]

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 May 19, 2021 by Kumamoto_Ken

[Wells 11 5,264]

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. 

[david_neitz_is_my_dad 4,083]

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.

[Wells 11 5,264]

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 ;-) 

[DubDee 24,354]

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

[daisycutter 29,331]

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

[Diamond_Jim 12,357]

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.

[Wells 11 5,264]

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. 

[Diamond_Jim 12,357]

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

[Wells 11 5,264]

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

[daisycutter 29,331]

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

[Diamond_Jim 12,357]

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

[John Crow Batty 8,770]

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 May 19, 2021 by John Crow Batty

[daisycutter 29,331]

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

[John Crow Batty 8,770]

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 May 19, 2021 by John Crow Batty

[daisycutter 29,331]

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

[Wells 11 5,264]

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. 

[Demonstone 21,765]

I've had a coin jar for many years now.  Just had a quick count and it currently holds $8.35.

[AllMyTeamsAreWank 564]

Good partnership. Crypto definitely the future. I don't use coin jar to buy mine but will consider now. 

[Adam The God 29,358]

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

[Little Goffy 13,992]

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?

[Guest]

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

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

Edited May 19, 2021 by Colin B. Flaubert

[Mazer Rackham 14,971]

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.