Non Sequitur by Wiley Miller for June 15, 2021

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    KenTheCoffinDweller  over 3 years ago

    What I find that most people moaning and groaning about the state of their investments and claimed gains or losses, don’t understand is that until they sell that investment its price can go up, down, or sideways at no gain or loss to them.

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    in.amongst  over 3 years ago

    *Does that mean crypto-currency is divine?!?

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    Concretionist  over 3 years ago

    Crypto is easy enough to explain. What’s hard for me is explaining why people will trade it for things of actual value. See also “NFTs”.

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    Ed A.  over 3 years ago

    Cryptocurrency is alien.

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    tudza Premium Member over 3 years ago

    The basic idea isn’t that difficult. First, look up fiat money. With these particular types of fiat money everyone agrees to keep a copy of all the transactions made with it. That way Joe goes to the store and offers to pay one crypto dollar, the store keeper looks at the ledger and sees Joe has 13 crypto dollars so he makes the sale. Everyone updates their ledgers to show that Joe now has 12 crypto dollars and the store keeper has one he got from Joe. The crypto part involves how you keep people from fiddling with the books.

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    Kind&Kinder  over 3 years ago

    When the sun wipes out the satellites with a strong emission,and the Cloud goes away, you won’t even be able to smell the absence of crypto.

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    DamnHappyChappy  over 3 years ago

    Except, if you had bought one whole “Bitcoin” at the launch, you would be a very wealthy person now. Maybe the ones who understand it want to keep its workings a secret.

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    jimchronister2016  over 3 years ago

    Clipto Currency, This is another mystery of life, how so many people are still buying pie in the sky! B.T. Barnum and W.C. Fields were right on!

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    GiantShetlandPony  over 3 years ago

    From what I’ve read Crypto currencies really only benefit money launderers and rich people looking for a loss to write off on their taxes.

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    Alexander the Good Enough  over 3 years ago

    Cryptocurrency? You mean Kleptocurrency? The greatest Ponzi scheme of all time…

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    Orcatime  over 3 years ago

    I like Bill Maher’s explanation of it.

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    EasternWoods  over 3 years ago

    Crypto currencies are like musical chairs. They’re great until you end up holding an empty space

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    William Bednar Premium Member over 3 years ago

    In this use, “Crypto” means “pretend”.

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    Egrayjames  over 3 years ago

    I saw an ad on Ebay last week. Someone was offering to sell the Brooklyn Bridge…..Bitcoin only! (/s)

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    kartis  over 3 years ago

    Nothing is new under the sun: “Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, and then dramatically collapsed in February 1637. It is generally considered to have been the first recorded speculative bubble or asset bubble in history.”

    https://en.wikipedia.org/wiki/Tulip_mania?wprov=sfti1

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    NeedaChuckle Premium Member over 3 years ago

    A single bitcoin transaction uses roughly 707.6 kilowatt-hours of electrical energy–equivalent to the power consumed by an average U.S. household over 24 days, according to Digiconomist.

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    dflak  over 3 years ago

    Any kind of currency is worth only what people believe it is worth.

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    MS72  over 3 years ago

    Watch out! The all-seeing Eye is watching you. I have not heard, but would not doubt Amazon has acquired it and is using it to gather information from all who read this comic.

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    Linguist  over 3 years ago

    I am so glad I am too ignorant to understand Bitcoins and crypto-currency, and too poor to invest in them, even if I knew!

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    sandpiper  over 3 years ago

    I don’t mistrust everything I don’t understand, but I understand enough to mistrust bitcoin and its competitors. Money in the ether is money in the air. It goes whichever way the winds blow, with no guarantee it will ever settle.

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    david_42  over 3 years ago

    They are exactly like tulip bulbs, except you can’t eat them after the crash.

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    paul GROSS Premium Member over 3 years ago

    Yet you understand a piece of paper the government says is money?

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    Papakillamon  over 3 years ago

    Anyone remember stock derivatives?

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    DVK9  over 3 years ago

    Crypto is where it is today because of the finite amount of actual blockchain additions. This is why it is currently up in the 10’s of thousand. Now then he buying and selling of bitcoins can be done fractionally using the stock exchange. You want to dump $50 bucks hey you can have 0.0014% of 1 bitcoin too. It isnt a ponzi scam at all. If you have a couple of years and a dedicated miner machine you too could crank out and add to the blockchain and have $35k.

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    DCBakerEsq  over 3 years ago

    Actually, it’s a very simple concept.

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    Znox11  over 3 years ago

    CrytoCurrency???? What’s next…paying big bucks for a digital picture that everyone else can look at for free?

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    A Hip loving Canadian...  over 3 years ago

    In the news: El Salvador becomes the 1st country to approve Bitcoin as legal tender.

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    Thinkingblade  over 3 years ago

    I’ve read what it is, and I understand the words … but I’m still not too clear or comfortable enough with it to put any of my normal currency in it.

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    cupertino jay  over 3 years ago

    Netflix’s June 6, 2018 14 minute Christian Slater narrated “Explained” episode’s lead-in teaser reads..

    > Cryptocurrency has made people billionaires, but is digital cash the next revolution? Learn about this anonymous currency and why it’s so coveted

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    snowedin, now known as Missy's mom  over 3 years ago

    That’s why they call it Crypto.

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    willie_mctell  over 3 years ago

    It’s just like regular currency. It’s faith based.

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    anomaly  over 3 years ago

    Cool! Explain swept-wing dynamics.

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    Richard S Russell Premium Member over 3 years ago

    Money is like art. What is art? It’s whatever I’m pointing at when I say “That’s art!” If somebody is willing to give you something tangible in return for what they think of as money, then it’s money. (BTW, the “fiat” in “fiat money” is from the Latin word for “faith”.)

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    Ka`ōnōhi`ula`okahōkūmiomio`ehiku Premium Member over 3 years ago

    Crypto is like a loan. I sell you a loan for $100, you use that loan to sell the loan to another, who gives you a product, then uses your loan for their own purposes, ad infinitum. While the loan shark keeps making more.

    Kinda like the Federal Reserve.

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    Night-Gaunt49[Bozo is Boffo]  over 3 years ago

    Crypto currency’s pluses, no means of tracking it, is its draw back.

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    Bicycle Dude  over 3 years ago

    I am at a loss at the perceived values and absurd prices people are willing to shell out for crypto currency and FTP auctions.

    It’s like the Italian artist, Salvatore Garau, who recently sold an “Invisible Sculpture” titled “lo Sono” — “I Am” in Italian, for €14,820 (about $18,030).

    “You don’t see it but it exists; it is made of air and spirit.” — Salvatore Garau

    https://news.artnet.com/art-world/italian-artist-auctioned-off-invisible-sculpture-18300-literally-made-nothing-1976181/amp-page

    After the past four years of the previous U.S. Presidency and now his Republican allies trying to rewrite history of January 6, 2021, nothing surprises me about how gullible people truly are, or willing to ignore what their eyes saw, only to believe in fairy tales that supports their prejudices.

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    harvey812abc  over 3 years ago

    OK… Explain NFT’s then!

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    WDD  over 3 years ago

    I read a newspaper article that tried to explain it. Halfway through my eyes glazed over.

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    SukieCrandall Premium Member over 3 years ago

    CryptocurrencyDefinition: Great thing to outlaw to prevent ransomware attacks nationally.

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    wsedrel Premium Member over 3 years ago

    Hey!!! I’m offering my new crypto, BATCOIN!!! This month only, 100 Batcoins/$7 (U. S.)

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