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EVILAVATAR 4 points ago +4 / -0

The art gallery auctions are also money laundering

1
pkvi [S] 1 point ago +1 / -0

Yes and no.

Ayh have some friends who sold paintings in galleries for exorbitant amount of money and growing up ayh experienced some of that in various circles and ayh think what you describe is likely true in some small facets of those grand sales.. but just look at car auctions and the like.. genuine too rich for their own good idiots will drop a few mil on vanity.

NFTs how ever.. they are literally nothing. There is no nostalgia or uniqueness or anything special about them.. they are a mockery of such things... and 24M$ for some monkeys in hats?! THAT is blatant fraud.

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CrazyRussian 3 points ago +3 / -0

All that "modern art", NFT, antique and other similar things is a money surrogate for elite, free of tax, tracking etc. If they need to "print" more "money", they just take some random daub and literally announce it as "great work of art" and set crazy price. They agreed to account it at that price. It does not matter, where the first money paid for that crap goes because they print them. Since that moment, this object become something like a banknote of the very high value for elite. So, when, say, some banker want to pay some senator some millions of dollars, they don't need to make their hands dirty with money, banker, just give some crappy picture to senator, and that's all. Since there is an agreement among elite about the value of that object, senator always could sell it at least for the agreement price, or even more or exchange it for, say some bloody job. Yes, you can't buy a food, or even a car in exchange for such object, but people who use them as money surrogate have enough usual money to spend for usual needs.

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KiloRomeo 3 points ago +3 / -0

It’s 💯 money laundering. They’re trying to attract the crime based to their digital fedcoin to lend it some initial momentum. Then… the kicker is the round up

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Torrvarpen 1 point ago +1 / -0

Fedcoin is BS with the sole purpose to keep people afraid of cryptocurrency and precious metals. Where the world is heading there will only be carbon credit.

Which is much worse than any current existing form of digital currency. Not only will it be surveilled, it'll allow the elites to dictate over how much credit you earn and what everything cost.

They can basically use this information to adjust your wealthiness in real time, and keep you broke forever. If you're hungry you won't resist, instead you lower the heat/cooling in your home, don't shower, don't consume any electricity.

You basically sit in a dark cold pod, with no clothes just so you can afford your ration of bugs and sewage water. That's the future for anyone holding fiat currencies.

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Torrvarpen 2 points ago +2 / -0

The elite can already walk into any bank with a wheelbarrow of dirty money and the bankers will roll out the red carpet for them and kiss their ass. This is just scammers taking advantage of peoples lack of knowledge about cryptocurrencies.

It's like selling gold painted bricks to fool people into thinking that they're buying gold bars for a fraction of the market price. Don't be retarded, knowledge is the path to success. Also avoid fiat at all cost as shit could collapse at any time now, and when it does, it'll never recover.