Cryptocurrency Daily Discussion - March 9, 2021 (GMT+0) |
- Daily Discussion - March 9, 2021 (GMT+0)
- Today is this first day of my nearly 3 decades of life that I have 1000 USD in savings.
- Atari Says It's Launching a Crypto Casino Based on Its Old Games
- Coti - extremely shady, misleading and lying to investors, but price is mooning - what gives ?
- Unpopular opinion: Nearly every post that starts with the words, "unpopular opinion" is in fact a popular opinion
- How I went from living out of a tent to making over 30k
- COTI is centralised garbage. Even opening a COTI wallet requires KYC. All the validators are manually approved by the team. And they are lying about NANO requiring fees
- The "art" people that NFTs have attracted are some of the worst and dumbest people I've ever interacted with.
- Swiss supermarkets, kiosks, gas stations will sell bitcoins, starting next week. (Link in German)
- Today is a sad day. I've sold half of my NANO stack.
- Bitcoin Back in Trillion-Dollar Club After Reclaiming $54,000
- A made a crypto tracking spreadsheet with live crypto price updates, moon math, and a history of your Portfolio and trading performance. Updated Version (12)
- Today I sold the last 3600$ worth of my biggest Shitcoin position: TRON (TRX)
- Inflation and Crypto - A Detailed Analysis That Everyone Should Read
- Crypto has made me so damn healthy.
- Bitcoin’s 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says
- Saddened to see the number of crypto subreddits that have reduced their identity to becoming try hard imitations of WSB
- Crypto has just enough gamble to stop my gambling addiction
- Moons are supposed to be positive not negative for our community
- NFTs make me feel how my dad probably does when I try and explain crypto to him. Am I missing something or are they actually nonsense?
- People hate NFT art selling but no one complains about actual art selling for millions
- The IRS should focus on going after big corporations instead of Cryptocurrencies.
- Goldman Sachs has repeatedly accused Bitcoin of being used by criminals yet they facilitated $6billion in money laundering in 2012
- Raoul Pal Says Bitcoin and Crypto Will Soar to $100 Trillion Market Cap
- WARNING SCAM ALERT! XMiner.io and others!
- I firmly believe in crytocurreny providing wealth to the 99%ers like me. I'm finally building savings.
| Daily Discussion - March 9, 2021 (GMT+0) Posted: 08 Mar 2021 04:00 PM PST Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer:Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:
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| Today is this first day of my nearly 3 decades of life that I have 1000 USD in savings. Posted: 08 Mar 2021 08:39 AM PST I got my tax return today and it went straight into BTC. I'm still pretty new at the whole Crypto thing, finally taking a deep dive and learning as much as possible in early February of this year after trying to trade to make fiat in '17 and' 20. I see it totally different than I did before, and am now a firm HODLer. I know $1000 isn't much but this feels like a big accomplishment for me. I've never been good about saving money, simply content with working and living paycheck to paycheck. When that stimmy comes you know right where it's going. I'm thankful for this sub despite being a lurker. This is a cool community with plenty of users that will remind you not to fall into FOMO, be careful what you invest, and beware of scams. [link] [comments]  | ||
| Atari Says It's Launching a Crypto Casino Based on Its Old Games Posted: 08 Mar 2021 07:40 PM PST
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| Coti - extremely shady, misleading and lying to investors, but price is mooning - what gives ? Posted: 08 Mar 2021 11:45 PM PST Hi CC, Just wanted to bring to your attention a project called Coti which has been lying and misleading investors from the start. A friend of mine shilled me this token about a month ago and I looked into it and found a lot of inconsistencies in their marketing, misleading statements etc. For example: The Coti team had created this graphic showing Coti vs other Coins. They claimed that they have a decentralized consensus mechanism whilst other coins didn't. They claimed to be faster than other coins as well. Upon asking them for proof of tx speed in their TG group, i was banned immediately. Secondly, they claim to be able to offer "chargebacks" by way of a decentralized jury that can make decisions on buyer vs merchant issues. When I emailed the team about how to become one of these jurors, they claimed that Jury Selection was done by the Coti Team, to which I responded "so how is that decentralized?", and never got a response. Thirdly, they claim to have "zero-to-low fees", but upon speaking to a Coti node operator, I learned that nodes are able to set any fees they like on transactions. So how does that make it a zero-to-low fee system? Too many thing's do not add up at all, and upon calling out the Coti Team on Twitter - they do not respond. The CEO - does not respond. Telegram group banned me for asking questions. Fourthly, they claimed that they "Integrated with Apple", whereas in reality, Simplex (a platform that supports 100s of cryptocurrencies including Coti - integrated with Apple). Yet there are hundreds of paid marketers on Reddit and Twitter saying that Coti and Apple have partnered up. Guys just beware with this Coin - too many lies and misleading statements - I guess this is all of crypto though. However they are now in the top 150 coins, all by way of lying and misleading investors. edit - just saw that you can't even post to their subreddit as it's "submissions restricted" /r/cotinetwork/ edit2 the paid Coti marketers/shills have arrived downvoting this and every one of my replies to oblivion. this post was almost at 100 upvotes and suddenly at 60. major brigading happening from new accounts [link] [comments]  | ||
| Posted: 09 Mar 2021 12:24 AM PST Have you noticed that usually a post in here that claims to state an unpopular opinion, is in fact very popular? Unpopular opinion: Moons are ruining this sub. (a very popular opinion) Unpopular opinion: Elon Musk's tweets are not good for crypto. (popular opinion) Unpopular opinion: Nano is the best cryptocurrency. (a popular opinion) Unpopular opinion: Nano is NOT the best cryptocurrency. (also a popular opinion) Then again, maybe my opinion about posts that start with the words "Unpopular opinion" won't be very popular, in which case some unpopular opinions really are unpopular opinions. [link] [comments]  | ||
| How I went from living out of a tent to making over 30k Posted: 08 Mar 2021 02:19 PM PST First of all, I'd like to say that recovery is possible. It just takes serious dedication, support, and a lot of time. Also, it's never too late to start learning how to invest. I started out broke and just kept adding money when I had extra to invest. Not financial advice. I went from being a pretty normal kid in high school, smoking weed, decent grades whatever, to a complete failure after I got addicted to opiates. Kicked out of school, kicked out of home, friends cut contact , all the good stuff. It took me 7 years of being completely depressed and hopelessly addicted before I was finally tired enough to make a change. I knew I would either die or go to jail for a long time. So finally I decided to get serious about getting clean. I had tried many times before this, multiple trips to inpatient rehabs, a few to jail. A friend of mine had an aunt that used to be an addict, she had used the methadone program to get clean. I always thought "yeah okay whatever" and brushed it off. Until I had tried everything else and I was so hopeless and tired of the lifestyle I was living. Eventually I got myself into the program. Going to the clinic daily to get my medication, it took a while to get used to, but eventually I was at a stable dose, I felt normal and could function through the day without worrying about using other drugs. Now, I do understand that it's trading one drug for another, but this comes with nurses, groups, councilors and all the accountability. A whole support system. Stability. Something I've always lacked. I got stable, got a job, even got a girlfriend and ended up moving into my first apartment with her. These were all contributing factors in keeping me clean, it wasn't just one thing. Eventually we broke it off, and I got a puppy to keep me sane because now the pandemic had started. Start of the pandemic, lose my job, get on unemployment, start saving as much as possible. Around this time is when I start learning about cryptocurrency and Bitcoin. I start DCAing into BTC, ETH, and after doing some reading, ADA. Continue stacking. Get stimulus checks from the government, pay off debts, then buy more ADA. Eventually I started moving from ETH more into ADA, Then same with BTC until I was at a 80/20 ADA/BTC portfolio . I ended up spending about 5K over the course of 6ish months. Then I just waited for ADA to pick up steam as I figured it would eventually, even though I did not think it would be so soon to be honest. Now I've got more money saved up than I've ever had before . Will continue to HODL to the moon as this is only the start of a long journey into the new exciting world of cryptocurrency! Thanks for reading, I apologize for the long post. Don't forget, Only invest what you can afford to lose. Me being able to invest this much was only because I had enough saved up and didn't have any real bills to pay. Not financial advice. Just sharing a personal struggle . EDIT: I still smoke weed. Will always smoke weed just FYI when I say recovery I'm only talking about harder drugs. As I know people will check my page, I started growing as a hobby this year also. Help save some money for crypto 😜 Also I apologize if a post like this isn't allowed, I just want to show some of the newbies that it's possible to come up off just adding a little at a time, as well as struggling addicts to know recovery is possible. If your struggling with an opiate addiction just know there is always options. Even if you feel like you've tried everything you can possibly do to get clean, there's always hope you can make it out. Don't let the stigmas of a medication assisted program deter you from trying it to see if it works for you. We all need to think about ourselves , don't worry what others may think or how it may look. The methadone program gave me the stability I needed to get my life back. And I wouldn't change that for the world. My parents have their son back, my siblings have their big brother back. And it's thanks to the methadone program. Keep your head up. Change is possible 2nd EDIT: Thank you guys so much for all your positive comments and support. I was really nervous about posting my story so I really really appreciate that. I know some people would say I'm still not clean, and I agree to an extent. The main thing is now I have structure in my life. It's not all addicts and chaos everyday now. TLDR: Bought ADA a year ago, helped change addiction from drugs to crypto [link] [comments]  | ||
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| Posted: 08 Mar 2021 09:33 PM PST I'm not going into any extreme detail for privacy reasons. Long story short I work at a MSP and my boss knows my background with crypto and mining. He got the plug on some Dell OEM RTX cards, we setup a small 6 card rig, life is good. He loves it, I loved the project, and it's some spare cash being made. However, it's now the hot scoop in our little town that we can setup mining rigs and everyone wants one. No problem, you pay for the parts, we setup them up. Through all this happening one of our clients has a client that's very involved in the art and music space and wants to hit it big with NFTs. It's gotten to the point that we're having meetings with attorneys and shit to get the legal stuff worked out, they want to add me to a LLC where I get a 5% cut, etc. I just don't like any of this at all. I work a full time job at the MSP and then run an online gun shop when I get home. I barely have any time for myself as it is, I don't need another project. But this isn't the worst... These artists are some of the dumbest and ignorant people I've ever met. They think that because they've sold art for $2,000 a print they can create a $2,000 NFT and are absolutely baffled when nobody is bidding on it. We tried setting them up on WAX using AtomicHub since that seemed like the easiest to understand. Make a wallet, inside the wallet it gives you links to purchase WAX with a credit card, bid/buy NFTs with WAX, little to no gas, instant transactions. They stated that was too hard to understand and "Other artists are using Rarible and OpenSea". We have a meeting with them tomorrow to show them how it works and I know it's going to be a shit show. TL:DR: I'm ranting because I was having fun mining a little, taking some chances with shit coins, and trading some deadmau5 NFTs. Now I have to deal with dumbass art people that want to be even richer than they are that don't know jack shit about crypto but they heard NFTs are hot and want to make money now. PS, I think NFTs are dumb as fuck and I'm only trading them right now because WAX is fucking mooning. [link] [comments]  | ||
| Swiss supermarkets, kiosks, gas stations will sell bitcoins, starting next week. (Link in German) Posted: 08 Mar 2021 11:27 PM PST
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| Today is a sad day. I've sold half of my NANO stack. Posted: 09 Mar 2021 01:25 AM PST Today is a sad day. I've sold half of my NANO. Nano is a project I believed in - it promised so much. But the lack of real-world adoption always nagged at me, I couldn't work it out. I think I've realised the reason. NANO is deflationary, so it's never going to be used as a medium of exchange, which is its primary purpose. Instead, it's going to be used as a store of value, completely undermining its primary benefits. It doesn't matter if it's fast, feeless, and green, if no-one is actually going to be transmitting it. If they're hoarding it, it may as well be Bitcoin. And this is where the problem lies: it's simply a direct competitor to Bitcoin. The benefits of NANO won't be enough to displace Bitcoin, so in my mind NANO serves no purpose. It's a massive shame. They should have made it inflationary. Only then could it have ruled the world. [link] [comments]  | ||
| Bitcoin Back in Trillion-Dollar Club After Reclaiming $54,000 Posted: 08 Mar 2021 11:40 PM PST
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| Posted: 08 Mar 2021 05:23 PM PST
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| Today I sold the last 3600$ worth of my biggest Shitcoin position: TRON (TRX) Posted: 09 Mar 2021 03:49 AM PST Hodled 18.000$ worth of TRX back in 2017/18 then it dropped obviously and I had like 10000$ at the beginning of this markets bull cycle. But I sold it piece by piece eventually and reinvested in ADA + ENJ. I don't regret selling it, though I regret not doing it earlier and also buying this bullshit in the first place. Rant over. [link] [comments]  | ||
| Inflation and Crypto - A Detailed Analysis That Everyone Should Read Posted: 08 Mar 2021 11:58 AM PST
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| Crypto has made me so damn healthy. Posted: 09 Mar 2021 01:58 AM PST First I stopped smoking weed. I had other reasons I wanted to quit as well, but forcing myself to look at the monthly cost, pushed me over the edge. I'm not gonna smoke up my yacht, damnit. A couple of weeks later, once the worst fiending had subsided, I managed to kick nicotine use altogheter, which honestly had gone up considerably after stopping the herb. I quit cold turkey, but awarded myself any and all 'prizes' that could give some dopamine - mostly sugar. Now I was hooked on sugar, snacking and munching on anything all day everyday. Managed to quit the sugar snacks by substituting with bigger meals and fruits and nuts. Nuts are way more expensive than sugar, but I considered it an investment long term. Got a bit too hooked on sodas, so started making sure I always had nice, cold water on bottle nearby. Honestly took no time to get used to this, then enjoying it, and now sodas are almost yucky in comparison. As a nice bonus effect, my coffee use is almost gone. I only drank at work so not saving money on this, just a nice health benefit. This has had a huge impact on overall mood, energy and quality of sleep, which again has a compounding effect on every other facet of my life - including my sex life, wink wink. My biggest challenge to date, kicking junk food. Cravings for nice fatty food, plus not having to plan, shop and cook, made this a challenge. I'm still working on it, but ordering way less takeaway now, and instead just prepare food I can use as leftovers for a few days. Still not very healthy though, but oh well. Lastly, I cut down impulse buying and online shopping, like realising I dont need every new PS5 game when I have a stacked library of unplayed/unfinished shit. I did allow myself to splurge on a drone, as I considered it an investment in something I can sink a lot of time into, and also for mental health reasons so I dont just rot in front of Netflix, and get some new interests and fresh air. Learing editing now and it's really awarding. Maybe one day I can earn some coins on my content or service, but for now I just enjoy the ride and sharing with friends. I went through my bank statement and killed off a bunch of dumb subscriptions - HBO, amazon prime etc - that I kept out of convenience/lazyness, and didnt feel was money cause it was just a few bucks a month. I started planning a bit before shopping so I make sure to get the most possible on sale, and changed store so I could earn reward points. I went from bussing to biking everywhere, again saving a bunch and also boosting my exercise and mood. Now I can go literal days without spending a dime, and it feels fantastic. Knowing that every dollar I save can be worth 10x that down the line, is dopamine triggering and basically a drug in itself. And the joy of having a solid surplus at the end of the month that I can splurge on Binance, is beyond satisfying. Even if they all go to zero, my life is significantly improved in more ways than I can count. I love this tech, coin and community so much. Thanks for listening, great advice, encouragment and the shitposts. [link] [comments]  | ||
| Bitcoin’s 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says Posted: 08 Mar 2021 09:16 PM PST
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| Posted: 08 Mar 2021 12:29 PM PST Surely others are noticing this as well. A few subs that I used to enjoy visiting/lurking are now riddled with laughably absurd price predictions, diamond hands/rocket emojis, and old overused memes from WSB during the January GME run up. Seems like less and less discussion is taking place because any decent thread just gets overrun with '💎🤲not selling till <shitcoin> is 100k taking profits = paper hands, apes strong together 🚀🚀'. [link] [comments]  | ||
| Crypto has just enough gamble to stop my gambling addiction Posted: 09 Mar 2021 02:53 AM PST Crypto has that magical gambling side that feeds my gambling addiction just enough to keep me from going back to blackjack on the weekends. Don't get me wrong, it's not a gamble like going red on roulette. Crypto might not be the answer to my problems but is for sure the lesser evil, and I'm enjoying it a lot (even when the charts are going downhill). Stay safe and good luck to all! [link] [comments]  | ||
| Moons are supposed to be positive not negative for our community Posted: 09 Mar 2021 04:12 AM PST The past few days I've noticed people afraid to upvote. It seems like people are being greedy with nothing to lose. Remember we are all In this together and upvotes now days can make a man or woman's day. So always remember to shill them upvotes and be kind have a great day everyone and hope you all see green candles. Cheers [link] [comments]  | ||
| Posted: 08 Mar 2021 02:11 PM PST Okay, I get the concept. The NFT basically demonstrates ownership of a digital asset that itself can be copied. Essentially, the logic is that by owning the NFT, you are the true owner. But I don't get it. Let's say I own a real painting. That painting is unique and only one exists. Other people might have copies, but only I have the original and only I can view it. If I have a digital image, anyone can view it, and their experience is exactly the same as mine - except I have paid money for the privilege, whilst they get it for free. That makes no sense. Then I hear people are selling Tweets. But what do I get with the NFT? Because the Tweet itself resides on Twitter's servers. Also, the person that wrote the original tweet could presumably delete it at any point? Twitter could shut down? Do their terms and conditions lay any claim to people's tweets? Does the NFT override that? That makes no sense. What is the legal status of NFT? Do the courts recognise them as valid proof of ownership? If not, what exactly am I buying? Still not making any sense. Which blockchain are they stored on? Why that blockchain and not another? If I create my own NFT blockchain, who's to say mine is not the genuine record? I honestly don't get it. How do you prove you have the right to make a NFT for an item to begin with? But if you can prove you have such a right, what's the point of the NFT? Equally, digital ownership is nothing new. The law already deals extensively with ownership of electronic content, whether it be music, images or software. So in that sense, I'm not even sure what NFTs are trying to solve. [link] [comments]  | ||
| People hate NFT art selling but no one complains about actual art selling for millions Posted: 09 Mar 2021 12:20 AM PST To start off I am not hating on NFT neither do I love it. Im not an artist, supporter nor am I an investor in art. Just a humble bro looking at all the discussions about how NFT art is stupid and so on. Not many people however realize that "real" art selling in its core is the very same thing. Selling a picture of pure red canvas naming it "blood red mirror" sold for $1.1 million. "Untitled" by Cy Twombly sold for $2 million+! Actually.. these are amateur numbers ! "Orange, Red, Yellow" sold for whooping $86 Million. So if someone spends 100$ on picture of naked Squidward riding a flaming bitcoin, we shouldn't judge. :) [link] [comments]  | ||
| The IRS should focus on going after big corporations instead of Cryptocurrencies. Posted: 08 Mar 2021 05:32 AM PST Yesterday the IRS announced "Operation Hidden Treasure" to find unreported crypto income. Of course we should all pay our taxes, its very important. However I don't think this should be the priority of the IRS right now. Specifically since they are still trying to figure out crypto. This was clear in the confusion of answering their questions on crypto for this year for people who only bought crypto without selling or converting. They eventually told people in that circumstance they could answer "no" but very late after many people already had filled their taxes. These big corporations uderpay taxes every year by the billions. Yes the IRS could find some money with unreported crypto but nothing compared to what they could get if they audit this huge companies. Especially when they said they are looking for crypto transactions under $10k. Basically the IRS is doesn't audit the rich because it's to much work. Instead they will go after smaller guys, with something they are still trying to figure out, and gain less money from it. [link] [comments]  | ||
| Posted: 08 Mar 2021 11:41 AM PST I had just been reading up about how Goldman Sachs facilitated over $6billion in money laundering via the 1MBD scandal in 2012 and then remembered multiple statements from them about how bitcoin was being used for large criminal money movements. It seems a classic case of hypocrisy with rules for thee and not for me. The world will be a better place if cryptocurrencies can take away just a fraction of their power. [link] [comments]  | ||
| Raoul Pal Says Bitcoin and Crypto Will Soar to $100 Trillion Market Cap Posted: 08 Mar 2021 09:13 PM PST
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| WARNING SCAM ALERT! XMiner.io and others! Posted: 09 Mar 2021 02:56 AM PST I was alerted to this article by Google Alerts https://techbullion.com/how-to-earn-passive-income-with-xminer-cloud-mining/ it is about a supposed company called XMiner https://www.xminer.io/ I fairly quickly realised something was not right just by the look and feel of the website as well as their too good to be true claims that they can pay out up to 150% within 60 days and so I did some digging. I first noticed grammar on the site was just wrong "how it work" etc. Their address if you google it "217 Summit Boulevard Birmingham, AL 35243" is actually Trader Joes in a shopping centre. There is an image on their about page that I reverse image searched which is basically an image titled " diverse young business professionals " that you can buy on getty images or shutter stock. Their team seem to be real people...people that work for other companies that is. Take Kevin Yuann for example VP Business for NerdWallet... Not XMiner. They have a bunch of images of other logo's such as this one https://www.xminer.io/static1/picture/cl-logo4.png on their about us page, I assume these are supposed to be affiliated firms or partner companies, maybe subsidiaries. Problem is none of them exist as far as I can tell. Reverse image searching the images and I found similar designed websites all trying similar scams, see below: https://www.altimatetradeoptions.com/index.php https://www.cryptocoin10x.com/ https://sword-coin.com/about.php The mining hardware pictures are also obvious fakes. One of their other sites https://www.cryptocoin10x.com/ says you can download their app from the play or apple store yet when you click the link it just takes you to an internal page. I have not yet figured out what the actual scam is, whether it is phishing or just a blatant snatch and run but be careful and warn others. I let that tech website company know that they were writing articles about scam websites and to their credit, they may not be the brightest, but they did seem concerned and responded pretty quickly. EDIT forgot to also say that a whois search on the domain shows it is basically brand new. I used the chat function to ask them a few questions and basically they just responded with nonsense. Probably a bot. EDIT 2 my security software picked up and alerted me of potential issues when viewing some of the other sites so be careful. I found the templates they are using and this is likely why they all look similar, very lazy scammers apparently: https://themeforest.net/item/cryptocoin-bitcoin-crypto-currency-wallet-and-mining-template/21229314?ref=softnio [link] [comments]  | ||
| Posted: 08 Mar 2021 05:20 PM PST I'm 35 and always held reliable jobs. But as a biologist I only make 33k a year. Don't get me wrong I'm extremely grateful to have any salary at all the days. I feel sorry for anyone making less these days. It's not much over what a $15 minimum wage would have provided for people. But it's hard to really build wealth these days on that salary. I truly believe bitcoin and other cryptos have the potential to do that. I believe we are on the verge of mass adoption, and even if people can scrape up a few hundred dollars, I think it could lift them firmly into the middle class. Maybe not immediately but hopefully in 10 years or so. In response to the gains in my bitcoin investments, this year I have started ramping up my donations to environmental, societal, and disaster relief organization who I believe all are doing good work. I'm also thankful for the 1%s like MacKenzie Scott who believe there is no need for someone to control or ever need 50 billion dollars, which could be put toward the benefit of soo many more people. Thank you for your time. Edit: this was supposed to be a quick feelgood post about someone being happy, but after so many try to come and nitpick and shit all over it and start claiming I must be 20 and naive out stupid or misinformed or a product of mainstream media, it's hard to even feel good about it anymore. But you know what, fuck that I'm going to feel good about anyway and focus on all the positive comments. Thanks to all those who found this as a nice thing and to all who shared their stories of happiness. I think the world needs more of you! Cheers. [link] [comments]  |
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