Bitcoin now available at some Walmarts

[edwest3]

The ongoing effort to collect real money in return for nothing.

Walmart shoppers can now buy bitcoin at kiosks in some stores

Cryptocurrency becoming more mainstream as largest U.S. retailer hosts Coinstar machines in 200 locations.

www.cbsnews.com

 

[edwest3]

The following article headline from today's New York Times provides further evidence of attempts to monetize next to nothing.

Go inside the wild world of Buy Nothing groups, where even dryer lint is a commodity.​

 

[edwest3]

Not seen on Monty Python:

I just bought some Bitcoin at Walmart!

Can I see it?

Well, you can't see it, actually.

If you bought it and you can't see it then how do you know you bought it?

It's in my Digital Wallet!

Really? Can I see that?

No. It's digital!

So where is it then?

It's on a digital ledger.

A what?

It's on my Smartphone.

So, can I see that?

Here you go.

That's just some numbers. What can you do with that?

Something, I guess. I haven't tried it yet.

Why did you buy it then?

Well... Alright. All the cool kids are buying it and I didn't want to feel left out.

Ah hah. So you paid money for some digital bits. A bit foolish if you ask me.

 

[shin_getter]

In the post scarcity world of post mechanization, only the man that controls the NFTs is rich.

In the era where any practical item you can wear to display wealth is too cheap, a T-shirt with cypto account printed on it is the best demo of capabilities.

In just before 100% of world capital is involved in bidding war over "good school districts."

edit:

The ongoing effort to collect real money in return for nothing.

Walmart shoppers can now buy bitcoin at kiosks in some stores

Cryptocurrency becoming more mainstream as largest U.S. retailer hosts Coinstar machines in 200 locations.

www.cbsnews.com

"Darknet" available for the masses? The how will the ghetto ever recover.

 

[edwest3]

It's happening so quietly you can read about it happening...

Crypto Use Is Taking Root in Emerging Markets

Crypto is expanding in countries like Cambodia, Nigeria, and El Salvador through user-friendly exchanges and from governments rolling out digital currencies.

www.barrons.com

 

[edwest3]

A commercial for Bitcoin that never appeared:

[Voice-over] Announcing Bitcoin!

[Music plays as a small group dances across a stage in top hats.]

What is Bitcoin? It's Nothing!

Go ahead! Buy some Nothing. We have Nothing for you.

Buy some Nothing. Lots of Nothing. We have Nothing for you.

Get out your cash and give it away! For Nothing!

Lots of Nothing. We Have Nothing for you.

Backwards looking statement:

Bitcoin is not real money. Its origin is unknown and no one is responsible. The value of Bitcoin is entirely arbitrary and is based on the U.S. Dollar. Owners of Bitcoin can experience substantial losses overnight. Bitcoin is not FDIC insured in the United States. If you live in an emerging market, you're on your own.

 

[jeffb]

I remember a guy coming around the computer labs in around '94 trying to sell 'bitcoins'. 100 bitcoins for $100 was the deal, I said no thanks. Sounded too much like a con.

Last week they up to US $62k.

Oh well...

 

[shin_getter]

We all know that money based on paper is essentially worth nothing. What the currency really need is ....gold

 

[sienar]

We all know that money based on paper is essentially worth nothing. What the currency really need is ....gold

But, surely, paper money like the dollar can't be made out of thin air using a computer.

 

[edwest3]

Until President Nixon, U.S. currency was backed by gold. Then it wasn't.