Bitcoin's "Dip" to $100K: Still a Scam, Just a Pricier One
The "Dip"? More Like a Controlled Descent
Okay, so Bitcoin "fell" below $100,000. Cue the violins. Honestly, who are we kidding here? This whole thing is still a grift, just one that’s managed to rope in even more suckers. Bitcoin falls below $100,000 for the first time since late June
We're supposed to believe that a slight dip from some astronomical, completely artificial high is somehow a crisis? Give me a break. It's like saying your solid gold yacht is now only worth the price of a small mansion. Still doing better than most of us, right?
And of course, MARA Holdings, those champions of decentralized finance, are whining about a town wanting to regulate their noise pollution. Boo-hoo. Maybe if your Bitcoin mine didn't sound like a jet engine taking off at 3 AM, people wouldn't be trying to form a city just to get some peace and quiet. I mean, seriously, vertigo and nausea from Bitcoin mining? What a world.
AI Hype: The New Coat of Paint on the Same Old Pig
Then there's the pivot to AI. Ah yes, the classic "let's slap 'AI' on it and hope everyone forgets the original terrible idea" strategy. MARA's CEO is talking about co-locating Bitcoin and AI. Sounds innovative? It's just a way to justify burning even more energy and resources.
It's like they think we're all idiots. "Oh, we're not just wasting electricity on pointless crypto calculations, we're also doing AI!" As if that makes it any better.
And these gas-fired power plants? Great, just what we need. More fossil fuels to power our decentralized future. Makes perfect sense, offcourse.
Wait, are people actually falling for this? Are investors really pushing for this AI transition, or is it just a convenient excuse to keep the gravy train rolling?
Lending Bitcoin? Sounds Legit...
And let’s not forget about the sophisticated lending strategies. Lending out Bitcoin to "creditworthy" people? It's like the Wild West, but with extra steps. "We try and stay away from a little bit more of these edgy strategies," the CEO says. Right, because lending out magic internet money isn't edgy enough.
It's all smoke and mirrors. They're trying to make it sound like they're running some responsible financial institution, but let's be real, it's still just gambling with extra jargon.
You know, I had a mechanic once who tried to convince me my car needed a flux capacitor. This feels about as believable.
So, What's the Real Story?
It's all about finding new ways to keep the scam alive. A "dip" is just a marketing opportunity, AI is just a buzzword, and lending is just another way to pass the buck. Wake me up when the whole house of cards finally collapses.
