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(CNBC)   Cyptocurrency has an issue with A: Maintaining value? B: Being taken seriously? or C: Gender?   (cnbc.com) divider line
    More: Interesting, White people, Finance, Black people, enough women, Investment, gender disparity, Financial services, financial services industry  
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574 clicks; posted to Business » on 30 Aug 2021 at 4:35 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



43 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-08-30 2:49:44 PM  
Fark user imageView Full Size
 
2021-08-30 3:55:54 PM  
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2021-08-30 4:05:18 PM  
TL;DR: Women are smarter than men.
 
2021-08-30 4:41:50 PM  

Cafe Threads: TL;DR: Women are smarter than men.


Harry Belafonte - Man Smart (Woman Smarter) (Audio)
Youtube mAHfo49iN1w
 
2021-08-30 4:42:20 PM  
Men tend to be bigger risk-takers than women. These things happen and it's not the fault of anyone if it is even a problem.
 
2021-08-30 4:42:28 PM  
Fark user imageView Full Size
 
2021-08-30 4:45:09 PM  
Women are over-represented in the OnlyFans entrepreneur space. Something must be done to correct this.
 
2021-08-30 4:46:43 PM  
I have met exactly one woman who spoke positively about crypto and she was also a big Peter Theil fan.

I ran away.
 
2021-08-30 4:47:46 PM  
Women are a bunch of geezers who don't get it.  They're all like "Why am I converting my dollars into Crypto?" while hip and cool dudes are like "HODL!  LAZER EYEZ!"  They just don't get it.
 
2021-08-30 4:53:27 PM  

Tyrone Slothrop: Cafe Threads: TL;DR: Women are smarter than men.

[Youtube-video https://www.youtube.com/embed/mAHfo49i​N1w]


The Simpsons Go Calypso!
Youtube fkbI8vTIDzo
 
2021-08-30 4:57:04 PM  
Men are more likely to take stupid risks. See also: Darwin Award recipients.
 
2021-08-30 4:58:35 PM  
Fark user imageView Full Size


11. Spell it correctly.
 
2021-08-30 5:27:10 PM  
Crypto has an inevitable issue with security. I keep hearing that exchanges and software wallets are hackable, so a hardware wallet is the only way to go. But what guarantee is there that your new Ledger wasn't tampered with or replaced with a fake that even falsifies your wallet GUI and shares your seed at setup? You are after all plugging it right into your USB port, one of the least secure things you can do. Manufacturers and supply chains will be compromised if the incentive is there.

Most people WANT a quality, well-regulated institution to handle their money. If crypto takes off among the masses, it will be because the exchange/banking ecosystem has matured and become insured, with reversible/cancellable transactions, because shiat happens regularly and there needs to be a way to let it happen without becoming ruined. But at that point you're hardly different from a conventional bank.
 
2021-08-30 5:43:56 PM  
pffft, ditch the chick and YOLO all your bags on XRP.  "but, but XRP isn't decentralized".  Look, the banksters are going to win no matter what... Do you want to swim with the whales or get left behind?
 
2021-08-30 6:02:23 PM  
Yankees Team Gynecologist:

Most people WANT a quality, well-regulated institution to handle their money. If crypto takes off among the masses, it will be because the exchange/banking ecosystem has matured and become insured, with reversible/cancellable transactions, because shiat happens regularly and there needs to be a way to let it happen without becoming ruined. But at that point you're hardly different from a conventional bank.

This is exactly why banks are getting into crypto in a big way.  Every large bank in the world is quietly adding crypto to their books.  At some point they will become a holding/investing solution.  Not to mention the inevitable crypto EFTs and funds.

Also, most major exchanges are insured nowadays.
 
2021-08-30 6:20:38 PM  
"i gambled my half of our money and lost most of it"
"i gambled the rest and after some gains lost most of that"
"i want to show her we can how we can multiply our money with investment!"

--you're not off to a great start bro
 
2021-08-30 6:20:39 PM  

Ivo Shandor: [Fark user image image 640x739]


Honestly? She's the asshole. He did something way more thoughtful and meaningful to the relationship. A ring is stupid and vain, and the only reasons we even buy/want engagement rings is 1) sexism and 2) DeBeers running a campaign like a hundred years ago.

Rings are dumb. She's an asshole.
 
2021-08-30 6:21:54 PM  

Lord Bear: Yankees Team Gynecologist:

Most people WANT a quality, well-regulated institution to handle their money. If crypto takes off among the masses, it will be because the exchange/banking ecosystem has matured and become insured, with reversible/cancellable transactions, because shiat happens regularly and there needs to be a way to let it happen without becoming ruined. But at that point you're hardly different from a conventional bank.

This is exactly why banks are getting into crypto in a big way.  Every large bank in the world is quietly adding crypto to their books.  At some point they will become a holding/investing solution.  Not to mention the inevitable crypto EFTs and funds.

Also, most major exchanges are insured nowadays.


If your Coinbase account is compromised because you slipped up just once with digital security, maybe clicked on a phishing link on a bad day, you're SOL. A bank would work with you provided you reported the fraudulent transaction in a timely manner, which could be at least 1 day if not multiple days. With crypto that window is exactly zero seconds.

Furthermore, Coinbase accounts aren't insured against institutional failure like bank accounts are. Bank-like layers of regulation and insurance may one day come to crypto, but this would effectively make crypto unrecognizable from its original distinct qualities, most notably no reliance on counterparties. I don't see a wide band of possibilities where we will highly value blockchain tech and smart contracts (and thus the tokens), without the decentralization and self-governance/self-custody. There are other existing solutions for those use cases.
 
2021-08-30 6:22:55 PM  

Yankees Team Gynecologist: Crypto has an inevitable issue with security. I keep hearing that exchanges and software wallets are hackable, so a hardware wallet is the only way to go. But what guarantee is there that your new Ledger wasn't tampered with or replaced with a fake that even falsifies your wallet GUI and shares your seed at setup? You are after all plugging it right into your USB port, one of the least secure things you can do. Manufacturers and supply chains will be compromised if the incentive is there.

Most people WANT a quality, well-regulated institution to handle their money. If crypto takes off among the masses, it will be because the exchange/banking ecosystem has matured and become insured, with reversible/cancellable transactions, because shiat happens regularly and there needs to be a way to let it happen without becoming ruined. But at that point you're hardly different from a conventional bank.


You know a piece of paper is also a hardware wallet.

As long as you keep your key safe, you don't have to worry.

Put money in a well-regulated institution and that regulation also works the other way. They can take everything away without your consent.
 
2021-08-30 6:23:21 PM  

austerity101: Ivo Shandor: [Fark user image image 640x739]

Honestly? She's the asshole. He did something way more thoughtful and meaningful to the relationship. A ring is stupid and vain, and the only reasons we even buy/want engagement rings is 1) sexism and 2) DeBeers running a campaign like a hundred years ago.

Rings are dumb. She's an asshole.


rings are dumb.  but NFTs arent any better, specially if he spent as much on the NFT as he would have on a ring.  you're never going to sell your engagement <whatever> its not an investment opportunity.  its a relationship gift.  get her the thing she wants.  or if you both think its stupid dont get anything and save money.
 
2021-08-30 6:35:38 PM  

Cafe Threads: TL;DR: Women are smarter than men.


women would rather crank out babby to stay home and watch soap operas. no money to invest. just watch TV, shriek at babby and eat snacks.
 
2021-08-30 6:39:22 PM  

Yankees Team Gynecologist: Lord Bear: Yankees Team Gynecologist:


Also, most major exchanges are insured nowadays.

If your Coinbase account is compromised because you slipped up just once with digital security, maybe clicked on a phishing link on a bad day, you're SOL. A bank would work with you provided you reported the fraudulent transaction in a timely manner, which could be at least 1 day if not multiple days. With crypto that window is exactly zero seconds.


It takes a bit more than that assuming you use some precautions like 2 factor authentication.  I have 3 factor on most of my accounts since I'm paranoid.  Somehow getting my binance password isn't getting you a dime.

And banks are only insured to 250K per person. So if you have more than that you will need multiple banks to stay 100% safe.
 
2021-08-30 6:42:17 PM  
sinko swimo:

women would rather crank out babby to stay home and watch soap operas. no money to invest. just watch TV, shriek at babby and eat snacks mcdonald's, charge they phone, twerk, be bisexual, eat hot chip & lie.

FTFY
 
2021-08-30 6:47:00 PM  

mr0x: Yankees Team Gynecologist: Crypto has an inevitable issue with security. I keep hearing that exchanges and software wallets are hackable, so a hardware wallet is the only way to go. But what guarantee is there that your new Ledger wasn't tampered with or replaced with a fake that even falsifies your wallet GUI and shares your seed at setup? You are after all plugging it right into your USB port, one of the least secure things you can do. Manufacturers and supply chains will be compromised if the incentive is there.

Most people WANT a quality, well-regulated institution to handle their money. If crypto takes off among the masses, it will be because the exchange/banking ecosystem has matured and become insured, with reversible/cancellable transactions, because shiat happens regularly and there needs to be a way to let it happen without becoming ruined. But at that point you're hardly different from a conventional bank.

You know a piece of paper is also a hardware wallet.

As long as you keep your key safe, you don't have to worry.

Put money in a well-regulated institution and that regulation also works the other way. They can take everything away without your consent.


How do you obtain and write down your key, or use your key later to spend, without exposing it to the risk of an inherently pwnable computer or smartphone? Like I said, shiat happens. The level of digital-security hygiene required to avoid it completely is unrealistic for 99.999% of individuals, and the rest probably are riding on false confidence that it just hasn't happened to them yet.

Regarding having your assets seized in an official manner, that's not impossible but if it happens to you individually or society as a whole, you/we have much bigger problems.
 
2021-08-30 6:50:41 PM  

Lord Bear: And banks are only insured to 250K per person. So if you have more than that you will need multiple banks to stay 100% safe.


Fidelity Investments will spread it out automatically for you.
 
2021-08-30 6:57:43 PM  

Ivo Shandor: [Fark user image image 640x739]


If I blew out savings on an NFT my wife would divorce me proving she's way smarter.
 
2021-08-30 6:59:13 PM  

sinko swimo: Cafe Threads: TL;DR: Women are smarter than men.

women would rather crank out babby to stay home and watch soap operas. no money to invest. just watch TV, shriek at babby and eat snacks.


Classy.
 
2021-08-30 7:08:51 PM  

Yankees Team Gynecologist: mr0x: Yankees Team Gynecologist: Crypto has an inevitable issue with security. I keep hearing that exchanges and software wallets are hackable, so a hardware wallet is the only way to go. But what guarantee is there that your new Ledger wasn't tampered with or replaced with a fake that even falsifies your wallet GUI and shares your seed at setup? You are after all plugging it right into your USB port, one of the least secure things you can do. Manufacturers and supply chains will be compromised if the incentive is there.

Most people WANT a quality, well-regulated institution to handle their money. If crypto takes off among the masses, it will be because the exchange/banking ecosystem has matured and become insured, with reversible/cancellable transactions, because shiat happens regularly and there needs to be a way to let it happen without becoming ruined. But at that point you're hardly different from a conventional bank.

You know a piece of paper is also a hardware wallet.

As long as you keep your key safe, you don't have to worry.

Put money in a well-regulated institution and that regulation also works the other way. They can take everything away without your consent.

How do you obtain and write down your key, or use your key later to spend, without exposing it to the risk of an inherently pwnable computer or smartphone? Like I said, shiat happens. The level of digital-security hygiene required to avoid it completely is unrealistic for 99.999% of individuals, and the rest probably are riding on false confidence that it just hasn't happened to them yet.

Regarding having your assets seized in an official manner, that's not impossible but if it happens to you individually or society as a whole, you/we have much bigger problems.


You're over-inflating one risk and under-estimating the risk of another.

Your assets are only a legal document away from going poof.
Cryptos have the same problem but it is within your control.

Crypto is too immature and scammy to be an alternative right now.

Both have security problems. It just which part of the sphere you want the security to lie. It all depends on the situation.
 
2021-08-30 7:17:34 PM  
Is there actually anything stopping women from investing in crypto or is this just woke vitrue-signaling blaming sexism for women's own choices?
 
2021-08-30 7:21:32 PM  

SanityIsAFullTimeJob: Men tend to be bigger risk-takers than women. These things happen and it's not the fault of anyone if it is even a problem.


So there's no one to blame for the ecosystem collapsing, it's just one of those things, because men like to wave their dicks around, and really, you can't blame men for acting like little children?

yeah, that's about what I thought.
 
2021-08-30 7:24:07 PM  
I'm gonna star calling cold hard cash, "Cryocurrency."
 
2021-08-30 7:58:38 PM  

Unknown Subject: Is there actually anything stopping women from investing in crypto or is this just woke vitrue-signaling blaming sexism for women's own choices?


Pretty much.  Women are generally less interested in both investing and technology, so it stands to reason that there are fewer women interested in something that is both.
 
2021-08-30 8:02:05 PM  

Ivo Shandor: [Fark user image image 640x739]


Oof.

There's "you made a bad investing decision and lost us a lot of money but I still love you" mad, and then there's "OMG you're a complete toolbag and I've wasted the last 4 years of my life with you" mad.

You've just done all the hard work to find the later. Prepare for the single life, Son.
 
2021-08-30 8:17:59 PM  

Bukharin: I'm gonna star calling cold hard cash, "Cryocurrency."


Dat's nuttin', imma launch a new virtual coin based on grave-robbing and call it crypt-o-currency.
 
2021-08-30 8:35:39 PM  

Unknown Subject: Is there actually anything stopping women from investing in crypto or is this just woke vitrue-signaling blaming sexism for women's own choices?


If it is, will you be okay?
 
2021-08-30 8:39:30 PM  

SanityIsAFullTimeJob: Women are over-represented in the OnlyFans entrepreneur space. Something must be done to correct this.


Have OnlyFans mandate that when a person subscribes to a woman, they must also subscribe to a man.  And have the money on the platform be spent equitably.

Problem solved.
 
2021-08-30 8:53:44 PM  

Lord Bear: Unknown Subject: Is there actually anything stopping women from investing in crypto or is this just woke vitrue-signaling blaming sexism for women's own choices?

Pretty much.  Women are generally less interested in both investing and technology, so it stands to reason that there are fewer women interested in something that is both.


Then just explain to them that it's *gambling*, not investing.  Plenty of women like to gamble.
 
2021-08-30 10:11:50 PM  

SansNeural: Lord Bear: Unknown Subject: Is there actually anything stopping women from investing in crypto or is this just woke vitrue-signaling blaming sexism for women's own choices?

Pretty much.  Women are generally less interested in both investing and technology, so it stands to reason that there are fewer women interested in something that is both.

Then just explain to them that it's *gambling*, not investing.  Plenty of women like to gamble.


Plenty of women like honesty, too.
 
2021-08-30 10:22:01 PM  

Ivo Shandor: [Fark user image image 640x739]


Fark user imageView Full Size
 
2021-08-30 10:26:50 PM  

austerity101: He did something way more thoughtful and meaningful to the relationship.


He showed that he has an incurable gambling addiction before she took on any legal liability for it?
 
2021-08-30 11:52:31 PM  
Nobody 'invests'
 
2021-08-31 4:02:33 AM  

SanityIsAFullTimeJob: Men tend to be bigger risk-takers than women.


Because unlike men women have to live with the consequences of their poor decisions. Sometimes 9 months later.
 
2021-08-31 12:04:03 PM  

oopsboom: "i gambled my half of our money and lost most of it"
"i gambled the rest and after some gains lost most of that"
"i want to show her we can how we can multiply our money with investment!"

--you're not off to a great start bro


Sounds like "Strike three, you're out!". First time, she probably thought he learned his lesson about gambling with crypto. Second time, she's realizing he's an idiot. Third time, she probably thought, "OMG! This idiot still is gambling with crypto and wants to marry me! Run away!"
 
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