27 year old creator of Ethereum is a billionaire

Discussion in 'The Locker Room' started by Black Trash!, May 4, 2021.

  1. arXiv

    arXiv You don't know what makes me happy

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    It's a mental leap to invest in some shyt that didn't even fukking exist 10 years ago even if the fundamentals tell you this is 95% going to be a slam dunk. The human mind is designed to be risk averse. This is how we survived the wilderness.

    Most people don't understand what a market cap is or a PE ratio. I am living with a ivy league grad in her 30s who makes over 100k and she doesn't have a clue what it all means.

    So how do you expect first and second generation college grads to throw their hard earned savings into bitcoin instead of Facebook stock unless they have mad cash to burn or are econ majors?

    At the same time I hear you. But it is hard to trust people with your money breh.
     
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  2. papa surf

    papa surf veteran better than you. Supporter

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    damn...that’s some very fair points
     
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  3. LV Koopa

    LV Koopa Jester from Hell

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    This is all true - but at some point if you want to be financially free you have to learn how things work and put money away for some type of risk to pay off.

    Edit: Also Ivy League education doesn't mean shyt.
     
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  4. that guy

    that guy All Star

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    Bro I agree that white supremacy is real and a problem but i keep telling people technology is the great equalizer. Our ancestors literally could not access the information they needed to be successful. Technology has changed that. Anything you need to learn is in the palm of your hand. They’re turning in their grave at the opportunities we waste. Any black person that has access to the internet can be anything they want to be. We shun and bully the “nerds” like vitalik buterin but will say we don’t have opportunities. Look at him, he’s 100lbs soaking wet. I guarantee he spent majority of his life in front of a computer, coding. That took dedication and discipline. No girls, no parties, just work. We put this type of effort in sports but not science and technology. Look at thecoli, These type of threads won’t do numbers but make a thread on Kevin Samuels and it’ll have 100 pages arguing about nothing.
     
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  5. LV Koopa

    LV Koopa Jester from Hell

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    Ding Ding Ding!

    And that's why I don't take anyone who complains about most things seriously. Unless you REALLY got directly affected by some racist shyt, you should be finding a way to eat. Even compared to people in other countries we have so much at our fingertips. But cats would rather sit around and bytch instead of finding out how to succeed.
     
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  6. ShotgunSoto

    ShotgunSoto Pro

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    they don’t hear you tho..let them be like they dumb ass parents who missed out on the Internet.
     
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  7. ORDER_66

    ORDER_66 Messiah 2020 & Aetheon & K'nuba 2 release

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    I kinda like the dude I just wished he Tone it down, summarize shyt and stop going off on tangents...:mjlol: like damn nikka you worse than charlie from IASIP when he lost his mind...:mjlol:



    :deadrose:
     
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  8. that guy

    that guy All Star

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    This is what investing is about in a nutshell. Investing takes foresight. The people who are crypto millionaires had the foresight to see where we are today, 10 years ago. Bitcoin crashed several times and they were laughed at. But they had the foresight to see what crypto would be once the kinks were figured out. Investing is seeing what problem a company or product is trying to solve, understanding the problem, and what would the world look like if they’re successful. Tesla is the most shorted company in the world with bad fundamentals and almost went bankrupt. Amazon wasn’t even profitable until recently. The investors that won big are the people that knew the problem these companies were trying to solve and took the risk because they had foresight. You can invest in these companies now but you’re not going to 10x your money because they already did the hard part and solved the problem.
     
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  9. Afro

    Afro Student of life Supporter

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    And stealing other student's computer lab cards so he could stay longer.
     
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  10. TripleAgent

    TripleAgent . Supporter

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  11. Rhakim

    Rhakim Veteran Poster of the Year Supporter

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    Not to mention connections too. He went to one of the most elite boarding schools in the country and then Harvard after that. That exposed him to ideas he wouldn't have seen otherwise and allowed him to rub shoulders with people he could partner with who would help the ideas forward.

    Even the basic idea behind Facebook didn't come from him, it came from other Harvard students.




    Bill Gates had a lot more advantages than that. Read the Malcolm Gladwell chapter on his upbringing, he was taught to code in a special club that was giving kids access to skills that virtually no one had at that time, certainly not anyone their age. It wasn't just that he went to Harvard, he was in the 1% of Harvard in terms of the access to programming learning he had at the time. And on top of that, similar to Zuckerberg he didn't even make his first product himself, he just took someone else's product and repackaged it.



    Yup, that's what I'm saying.



    Jobs is just a visual design/image guy. There are posters here who know more programming than he does.



    Not that we know that Asian dude really exists or is really the one who evented Bitcoin. No one has ever verified that.
     
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  12. SNYC

    SNYC No Superpowers yet. Fully Vaxxed. #ModernaGang

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    We just need to find a way to turn Coli-Cash into MJbucks & legitimize it


    We're almost at the promised land :mjcry:
     
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  13. Nat King Krueger

    Nat King Krueger Louisiana, Army War Vet, Jackson State Univ Alum, Supporter

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    The irony of this ignorant post
     
  14. Black Trash!

    Black Trash! Philosopher, Connoisseur, Future Legend

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    I failed Trig twice at community College
    I was never going to get anywhere on the development side of tech
     
  15. Black Trash!

    Black Trash! Philosopher, Connoisseur, Future Legend

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    You always hating on ppl getting money
    He can withdraw that money into his bank
     
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