Beamer wrote on Dec 5, 2024, 11:21:
Trump isn't the one pulling those strings, though. It's his strings being pulled. He has a lot of close advisors that are heavily pumping crypto and crypto companies, most notably Peter Thiel and JD Vance.

And Russia. With the ruble not being welcome as a method of currency in many places anymore, Russia has been investing more in crypto as a way to bypass these restrictions.

HoSpanky wrote on Dec 5, 2024, 11:09:
I'm surprised at this, but it's also just as likely to come crashing back down again....

This video is for you. Even now at the time of writing, it has crashed down to $98000. What a shitshow, stay away from this scam.

HoSpanky wrote on Dec 5, 2024, 11:09:
I'm surprised at this, but it's also just as likely to come crashing back down again. Most of it is the speculation that Trump will make it an official currency, which...I dunno. He's got no understanding of it (watch the video of him recently "paying" for a bar full of people's food using bitcoin, it's...sad comedy), and may see it as the passing fad that it is. It's not a currency; it's a commodity. An inherently worthless one, once the money is removed from it. It has literally no use otherwise. At least after Beanie Babies were the stupid investment craze, people had a little stuffed frog they could ruefully point at when friends visit, saying "Ha HAAAA I paid $9000 for that thing".

I'm not even into crypto and own none of it, but I don't really see Bitcoin going anywhere but up from here. There's a limited quantity of coin to mine and once it is all mined, it will become quite rare. Nobody uses bitcoin for its old purpose - a democratized money - and now it's simply a store of value where the only suckers are the ones who sell to the buyers.
Trump's idea of using it to pay down America's debt is ridiculous though, not thought out, and I'd wager simply said to pump up the value even further. The stuff has no use at all save for keeping in the hopes to sell later.

NZXT: "Damn, you caught us. That's okay. We won't do it again... FOR NOW."

nzxt
I'd be eating filet mignon for dinner if i had a quarter for every jump cut in that video.

Burrito of Peace wrote on Dec 5, 2024, 11:16:

NZXT: "We got caught with our hand in the cookie jar. If GN hadn't called us out, we'd still be the same, predatory company and wouldn't change a goddamned thing."

You are 100% correct about NZXT. This kind of corporate “apology” is sickening.

HoSpanky wrote on Dec 5, 2024, 11:09:
I'm surprised at this, but it's also just as likely to come crashing back down again. Most of it is the speculation that Trump will make it an official currency, which...I dunno. He's got no understanding of it (watch the video of him recently "paying" for a bar full of people's food using bitcoin, it's...sad comedy), and may see it as the passing fad that it is. It's not a currency; it's a commodity. An inherently worthless one, once the money is removed from it. It has literally no use otherwise. At least after Beanie Babies were the stupid investment craze, people had a little stuffed frog they could ruefully point at when friends visit, saying "Ha HAAAA I paid $9000 for that thing".

Trump isn't the one pulling those strings, though. It's his strings being pulled. He has a lot of close advisors that are heavily pumping crypto and crypto companies, most notably Peter Thiel and JD Vance. I would wager Thiel is the most influential person in the United States right now. So long as the people who have Trump's ear are making fortunes backing crypto companies and investing in crypto portfolios, Trump will keep touting it and supporting it. It's not that Trump gives a shit, it's that it's in the financial interests of people that play yes-man to him.

I'm kinda curious to see how long Notepad++ is going to stay in the Morning Tech Bits section. Surely they're not releasing point releases every day.

/---\

NZXT: "We got caught with our hand in the cookie jar. If GN hadn't called us out, we'd still be the same, predatory company and wouldn't change a goddamned thing."

I'm surprised at this, but it's also just as likely to come crashing back down again. Most of it is the speculation that Trump will make it an official currency, which...I dunno. He's got no understanding of it (watch the video of him recently "paying" for a bar full of people's food using bitcoin, it's...sad comedy), and may see it as the passing fad that it is. It's not a currency; it's a commodity. An inherently worthless one, once the money is removed from it. It has literally no use otherwise. At least after Beanie Babies were the stupid investment craze, people had a little stuffed frog they could ruefully point at when friends visit, saying "Ha HAAAA I paid $9000 for that thing".