Role of Crypto/Cybercurrencies in the PTB's loss of control?

[nicklebleu]

Maybe the word “charged” is the issue? “Charged” in English means that this amount is deduced from you account every day (which would sound excessive) or in other words, YOU pay the exchange 1.6% PER DAY as storage fees.

Do you mean to say that every day your account is CREDITED with $1.60 - which means that every day they pay you that amount into your account?

If that is the case, it is either a fabulous earnings opportunity (meaning you have 1.6% earnings PER DAY or about $300 per year compounded, which makes the investment 4x per year) or it is a Ponzi scheme.

If my interpretation of what you wrote is correct and with this amount of return my guess is that this is a Ponzi scheme.

Buyer beware!

 

[hlat]

Thank you very much for your reply. Unfortunately, I formulated the question incorrectly and the translation worked a little incorrectly. In this case, it's more like earnings.So I put $100 into the system. and the system charges me a bonus in the form of $1.6 (a percentage of the amount) per day. That is, you can earn money this way. I originally used the term "commission" incorrectly . ie.these are rather bonuses for using the system that can be spent. BUT I'm afraid that such earnings are participation in some kind of pyramid scheme.

It probably is a pyramid scheme. Many such companies have already collapsed. Better to stay out of it.

 

[Carl]

There's a mania in crypto right now. Bitcoin up 30% in 7 days, and ethereum up 40% in 7 days.

Gold and silver getting hit. That's the CIA message to try to get people into crypto and out of gold.

Looks like the Trump Trade is on for real. That trade was always gonna be Dollar up (gold down) and Crypto up.

Gold is "end game" kind of play, so I wouldn't worry too much about a short term stop run. It had a really good run these past few months and a sharp pullback was due by the laws of nature.

Having said all that, gold's significant bounce now, in the face of rising yields and rising dollar as headwinds, speaks volumes. It wasted almost no time below $2600, clearly big money around the world wants in, and the case for gold is still very strong.

I can understand the allure of crypto and how easily people get drawn into it. It promises incredible gains in a very short period of time while you don’t have to put much effort/sweat into it at all. For some that indeed seems to work (for now) but generally speaking it seems to me that “there is no free lunch“ applies here too and many think they can get free/rich in this way by essentially being lazy. I just don‘t think that is the healthiest approach for most people and might fire back and/or if not, it might create some karmic problems too. It is basically a form of modern gambling to me.

Could be, but it also could be that we've all been hypnotized by the PtB into being poor, thinking money is evil, money can only come through bitter struggle struggle etc. All this while they tax 70+% of everything you earn through such labour, and multiply it for themselves. We only suffer for as long as it takes to learn, there's no honor in suffering more for no reason. As the C's say, wealth is supposed to be multiplied.

No wealth is really being made in crypto, but it is an instrument to capture and keep up with the overlords' insane rates of money printing/spending. How rich would we be if we were entitled to the fruits of our life's labour, instead of giving the vast majority to the extractors, while simultaneously being inflated/diluted out of the little we manage to keep from them? What if we weren't always artificially choked by the parasites who hoard 90% of the wealth? Maybe it wouldn't have to be such hard work just to stay afloat then. Crypto can help provide a taste of that.

Of course it's equally possible to lose money as well. There are cycles to it, people's emotions are used against them, and ultimately the rug will be pulled on everything. We should not hoard treasures on Earth, but in the higher realms, as the Bible advises. But if someone is able to skillfully play the waves and save themselves from a life working in McDonalds, personally I'm not gonna comment on their karma or wish them more suffering.

It's up to the individual in the end and there's no black or white answer.

I would like to ask for advice from everyone who is better versed in cryptocurrency issues. I am very grateful in advance for your opinion. I won't tell you the background for a long time, but one service was shared with me - here is its link: https://134.122.173.221/b2/kybernetwork
As I understood it, in order to work with this system, I needed to install a SafePal wallet.
Top up the USDT ERC20 and then, by clicking on the link, a certain amount of ETH is credited. Then there is an exchange and payment of daily interest. I am not an expert in such systems, but I know for sure that there are many deceptions and pyramids. I would like to ask you, is it worth trying to work with this system with a small amount? I put $100 into my wallet, they charge $1.6 a day in commission, which I easily transferred to the same wallet. Then a percentage is charged from the increased amount. I checked this service, it seems to be working since 2018.
I have not found any bad reviews on this system in Russian. But I do not know why such a high percentage is accrued. I was thinking of increasing the amount to $200 in the account in order to receive a little more commission. Tell me, is it worth a try, or does it definitely look like a hoax and will close soon?

Having seen many such things, I advise against this. You will probably lose all the money you put into this.

 

[AndrewMn]

Do you mean to say that every day your account is CREDITED with $1.60 - which means that every day they pay you that amount into your account?

If that is the case, it is either a fabulous earnings opportunity (meaning you have 1.6% earnings PER DAY or about $300 per year compounded, which makes the investment 4x per year) or it is a Ponzi scheme.

Yes! You're absolutely spot on. I apologize again for the incorrect translation.

It probably is a pyramid scheme. Many such companies have already collapsed. Better to stay out of it.

Having seen many such things, I advise against this. You will probably lose all the money you put into this.

Thank you all so much for your advice and opinions . You have confirmed what my intuition says as well. There is no such thing as a free lunch, that's for sure!

 

[nicklebleu]

Thank you all so much for your advice and opinions . You have confirmed what my intuition says as well. There is no such thing as a free lunch, that's for sure!

Don’t get me wrong - you can make a hell of a lot of money even on a Ponzi scheme. In a way the share market is a Ponzi scheme as well.

The problem is the off-ramp - to find the exit before the scheme collapses and leaves you holding the bag. Again this is true for this sharemarket as well. Many have tried, but very few have managed to pull this off on a longer term basis. Generally early wins makes you only more reckless until the game collapses (I learned that the hard way). The usual culprits can be named, like greed and FOMO (fear of missing out).

I do play these games to some degree, but not with money I am not prepared to write off entirely - it’s like you’re visiting a casino “for fun” - you bet with a predetermined amount of money and once it’s gone, you leave.

It’s incredibly hard to do …

 

[Wandering Star]

Session 12 December 1995

Q: (L) I want you guys to know that I sometimes feel a wee tiny bit like a pawn on a chessboard!

A: You should, you inhabit 3rd density STS environment.

Q: (L) I was at least hoping that if I was a pawn, that some of the players were good guys. Is that asking too much?

A: Yes.

Q: (L) To which statement?

A: Good guys don't play chess.

(...)

Once you read this, the justifications will come from all sides.

They will all be fine.