I am tired and bored.

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Joined 2 years ago
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Cake day: June 8th, 2023

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  • Being on Lemmy, I like the idea of decentralized and permissionless stuff, including money. The problem I have with crypto is that they’re either clearly scams (Trumpcoin, Melaniacoin etc) or they were not intended as a scam but the market fails to fairly price them because they speculate (e.g. Bitcoin).

    Also I don’t understand why people keep insisting in buying Bitcoin when the energy to “produce” it is enormous and is responsible for a lot of CO2 emissions when there are greener cryptocurrencies.







  • I don’t like the fact that users receive a banner next to their name if they get downvoted a lot. This makes other people judge negatively the comment even before reading it. I think it also encourages people to keep downvoting and discourages to upvote (as what happens with mass down votes of a comment on Reddit just for the sake of doing so).

    Edit: sorry for my English, it’s not my native language + I just woke up






  • Profit = (sell price - buy price)/buy price

    If buy price is zero, the division is undefined or the profit is “infinite” because you spent nothing to acquire the asset.

    Having a profit of 100% would mean just selling at double the buy price, but nothing stops you at selling at 3x or 4x, having a profit of 200% or 300%.

    To give a better example, try with lower and lower “buy price” (approaching zero). You’ll see that the profit goes unlimitedly up

    I may be wrong, no attacks intended (better to specify lol)