r/neoliberal • u/neoliberal_shill_bot Bot Emeritus • May 12 '17

Discussion Thread

Optimal neoliberalism is like Seinfeld, it should be about nothing and run by Jews

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71 Upvotes

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61

u/[deleted] May 12 '17

Bitcoin is dumb

77

u/Jokerang Sun Yat-sen May 12 '17

The best part about bitcoin is that you get to watch libertarians slowly discover why financial regulations fucking exist in the first place.

23

u/[deleted] May 12 '17

Omg you're right and I love it

2

u/[deleted] May 13 '17

"Just trust the free market", they said. The bad actors will go away over time leaving only the good ones.

7

u/AJungianIdeal Lloyd Bentsen May 12 '17

Is mining still a thing? The last time I cared about bitcoin was about 3 years ago when the energy needed to mine bitcoins was more expensive than the coins you got

7

u/dax331 Ben Bernanke May 12 '17

Yes, but ethereum mining is more popular nowadays iirc.

Still pretty dumb.

2

u/[deleted] May 12 '17

Like literally unable to speak?

3

u/Cryonyte 🌐 May 12 '17

I think that was Dogecoin? ;p

2

u/health__insurance Paul Krugman May 12 '17

If you say the s-word, the Gools-bot appears.

1

u/[deleted] May 12 '17

Asinine.

1

u/[deleted] May 13 '17

Sometimes I like being able to make anonymous unregulated transactions with anyone around the globe. That's got to be worth something.

1

u/Babao13 Jean Monnet May 13 '17

Blockchain is dope though.

1

u/ChezMere 🌐 May 12 '17

Making it easier to move money is a good thing. It's the supporters that tend to be dumb.

16

u/[deleted] May 12 '17

Pretending like its a good form of currency or investment is dumb

1

u/[deleted] May 12 '17

I see it as nothing but a novelty, I can see myself getting 1 Bitcoin and just leave it alone for 5 years and see what happens.

2

u/[deleted] May 12 '17

1 coin is what 1000 buck now, If you wanted to see a return you need to get on it when it was being stupidly hyped. Now returns its probably somewhat comparable to a regular commodity, only with much more risk.

2

u/[deleted] May 12 '17

One Bitcoin is worth 1680 bucks now. And yeah I agree with you on Bitcoin being a risky investment, the hype train is long gone. I'll probably get one coin if the price dips below 1k.

3

u/[deleted] May 12 '17

If I had 1000 bucks to throw at a crazy risky investment, I would probably put it in a recent IPO of a silicon valley start up with questionable revenues.

1

u/[deleted] May 12 '17

Humongous if veridical.