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cruft
Oct 25, 2007

e: oh no I sniped the page

BUTTCOIN AMIRITE?

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Paladinus
Jan 11, 2014

heyHEYYYY!!!

cruft posted:

e: oh no I sniped the page

BUTTCOIN AMIRITE?

:wrong:

cruft
Oct 25, 2007


Wow, rude

zedprime
Jun 9, 2007

yospos

GentleReject posted:

Blobs are on the blockchain, search Blob Ethereum
Not falling for this again.

Hello Sailor
May 3, 2006

we're all mad here

zedprime posted:

Not falling for this again.

now announcing SeaCoin, our project coin for our plan to buy the galapagos islands and turn them into a members-only casino and resort

to find out more, google our motto "have a go at seacoin"

Dr. Yinz Ljubljana
Nov 25, 2013

Jean-Paul Shartre posted:

Just be careful, GnuCoin’s NOT UnixCoin.

putting all my money in AIXCoin and losing everything as it goes to zero almost immediately

Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

Guys, those are all just subcoins of POSIXCoin, which is really what you should be using.

Impossibly Perfect Sphere
Nov 6, 2002

They wasted Luanne on Lucky!

She could of have been so much more but the writers just didn't care!
Where can I invest in LinuxDesktopCoin? I heard this is the year.

ymgve
Jan 2, 2004


:dukedog:
Offensive Clock
I'm trying to mine MSDOSCoin but it says I don't have enough conventional memory

Impossibly Perfect Sphere
Nov 6, 2002

They wasted Luanne on Lucky!

She could of have been so much more but the writers just didn't care!

ymgve posted:

I'm trying to mine MSDOSCoin but it says I don't have enough conventional memory

You have to buy HIMemCoin first.

cruft
Oct 25, 2007

If I were a betting man, I'd buy a buttcoin right now and sell it just before THE HALVING.

The amount of hype around this is just surreal. I just saw an article about it in the New York Times.

cruft
Oct 25, 2007

It's probably paywalled, but this NYT article about the compliance officer of Binance being detained in Nigeria is pretty interesting. It seems like Nigeria is of the opinion that Binance screwed over their currency, and is demanding $10billion in restitution.

https://www.nytimes.com/2024/04/18/technology/binance-crypto-compliance-officer-nigerian-prison.html

ymgve
Jan 2, 2004


:dukedog:
Offensive Clock

cruft posted:

If I were a betting man, I'd buy a buttcoin right now and sell it just before THE HALVING.

The amount of hype around this is just surreal. I just saw an article about it in the New York Times.

I think you missed out on the halvening hype, it peaked when it hit 70k and is now slowly descending

cruft
Oct 25, 2007

ymgve posted:

I think you missed out on the halvening hype, it peaked when it hit 70k and is now slowly descending

This is one of many reasons why I'm not a betting man.

Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

cruft posted:

It's probably paywalled, but this NYT article about the compliance officer of Binance being detained in Nigeria is pretty interesting. It seems like Nigeria is of the opinion that Binance screwed over their currency, and is demanding $10billion in restitution.

https://www.nytimes.com/2024/04/18/technology/binance-crypto-compliance-officer-nigerian-prison.html

Archive.is, my goon. It's the solution to all your paywall problems.

cruft
Oct 25, 2007

Neito posted:

Archive.is, my goon. It's the solution to all your paywall problems.

I give money to newspapers I read, like it's 1986.

If there were a more appropriate way for me to cut articles out and mail them to you, I'd do that instead :)

more falafel please
Feb 26, 2005

forums poster

cruft posted:

If I were a betting man, I'd buy a buttcoin right now and sell it just before THE HALVING.

The amount of hype around this is just surreal. I just saw an article about it in the New York Times.

The problem is that even the people who are in on buttcoin (and especially the institutional investors who are the majority of the market) are thinking this way too. The crypto market moves entirely off vibes, because there's no use case. So if you think the vibes are going to move in a direction, either a) you're right, but shitloads more money are trying to corner the market based on the same thought, meaning it's nowhere near as lucrative as you think it'll be, b) you're right about what "should" happen, but there's enough manipulation that it doesn't, or doesn't happen enough to make touching the poop worth it, or c) you're wrong

Time_pants
Jun 25, 2012

Now sauntering to the ring, please welcome the lackadaisical style of the man who is always doing something...

Right but there's conservatively a 75% chance of it going to a million dollars so you'd be a fool not to put all your money into it.

cruft
Oct 25, 2007

Hey I've been running the numbers on my new corn husks business, check this out. Worst case (12% likelihood), my corn husks are going to double in value in the next 6 years. Average case (70% likelihood) my corn husks will be worth $4000 each by 2027. And in the best case (25% likelihood) my corn husks will turn into platinum-coated emeralds and be worth literally more than the rest of planet earth.

You really have nothing to lose here. How many would you like?

novamute
Jul 5, 2006

o o o

cruft posted:

Hey I've been running the numbers on my new corn husks business, check this out. Worst case (12% likelihood), my corn husks are going to double in value in the next 6 years. Average case (70% likelihood) my corn husks will be worth $4000 each by 2027. And in the best case (25% likelihood) my corn husks will turn into platinum-coated emeralds and be worth literally more than the rest of planet earth.

You really have nothing to lose here. How many would you like?

Tell me more about how I invest in this bitcorn

Master Twig
Oct 25, 2007

I want to branch out and I'm going to stick with it.
Sure, Bitcoin is at a level that is super high and theoretically worth a lot of money.

But is it possible to actually sell that bitcoin? Are there any people actually going out and buying tens of thousands of dollars in bitcoin in exchange for actual money? It feels like these days the overwhelming majority of real money going into bitcoin, is people who have been scammed, or are using it to pay ransomware. The traffic actually making line go up is all just wash trading right?

Impossibly Perfect Sphere
Nov 6, 2002

They wasted Luanne on Lucky!

She could of have been so much more but the writers just didn't care!
What? Yes that is what exchanges are for.

drk
Jan 16, 2005

Master Twig posted:

It feels like these days the overwhelming majority of real money going into bitcoin, is people who have been scammed, or are using it to pay ransomware. The traffic actually making line go up is all just wash trading right?

There are tens of billions of real dollars* in just the largest few bitcoin ETFs.

*SEC rules say these shares can only be created with cash, not stablecoins or crypto or IOUs from sketchy crypto bros

Time_pants
Jun 25, 2012

Now sauntering to the ring, please welcome the lackadaisical style of the man who is always doing something...

drk posted:

There are tens of billions of real dollars* in just the largest few bitcoin ETFs.

*SEC rules say these shares can only be created with cash, not stablecoins or crypto or IOUs from sketchy crypto bros

It's actually fuckin crazy what a terrible idea this is and how literally nobody cares.

Stefan Prodan
Jan 7, 2002

I deeply respect you as a human being... Some day I'm gonna make you *Mrs* Buck Turgidson!


Grimey Drawer

Master Twig posted:

Sure, Bitcoin is at a level that is super high and theoretically worth a lot of money.

But is it possible to actually sell that bitcoin? Are there any people actually going out and buying tens of thousands of dollars in bitcoin in exchange for actual money? It feels like these days the overwhelming majority of real money going into bitcoin, is people who have been scammed, or are using it to pay ransomware. The traffic actually making line go up is all just wash trading right?

I would guess you might get some slippage if you start selling millions of dollars worth of bitcoin at once but I would guess you can probably instantly convert anything up to a million no problem and with basically no slippage, BTC is pretty liquid

Poopy Palpy
Jun 10, 2000

Im da fwiggin Poopy Palpy XD

Time_pants posted:

It's actually fuckin crazy what a terrible idea this is and how literally nobody cares.

The SEC tried to care but a judge ordered them not to.

evilweasel
Aug 24, 2002

Master Twig posted:

Sure, Bitcoin is at a level that is super high and theoretically worth a lot of money.

But is it possible to actually sell that bitcoin? Are there any people actually going out and buying tens of thousands of dollars in bitcoin in exchange for actual money? It feels like these days the overwhelming majority of real money going into bitcoin, is people who have been scammed, or are using it to pay ransomware. The traffic actually making line go up is all just wash trading right?

the time that you could not cash out meaningful amounts is long over

various bankruptcy estates have sold/bought tens to hundreds of millions of dollars worth in pretty limited time periods

Splicer
Oct 16, 2006

from hell's heart I cast at thee
🧙🐀🧹🌙🪄🐸

Poopy Palpy posted:

The SEC tried to care but a judge ordered them not to.
I missed this. Go on?

Popete
Oct 6, 2009

This will make sure you don't suggest to the KDz
That he should grow greens instead of crushing on MCs

Grimey Drawer
cryptocoin ETFs feel like it's 2007 just before the mortgage crisis except everybody knows it's about to happen and is yelling it out loud and still regulators and institutional investors are all going :shrug:

Time_pants
Jun 25, 2012

Now sauntering to the ring, please welcome the lackadaisical style of the man who is always doing something...

Popete posted:

cryptocoin ETFs feel like it's 2007 just before the mortgage crisis except everybody knows it's about to happen and is yelling it out loud and still regulators and institutional investors are all going :shrug:

American regulators are the pro wrestling referees of bureaucracy.

Strategic Tea
Sep 1, 2012

Bah gawd it's Blackrock from the Q4, and he's got a fifth hand aggregate debt product

Poopy Palpy
Jun 10, 2000

Im da fwiggin Poopy Palpy XD

Splicer posted:

I missed this. Go on?

https://www.reuters.com/legal/us-court-says-sec-wrong-deny-grayscales-spot-bitcoin-etf-proposal-2023-08-29/

Then a few months later the SEC approved Bitcoin spot ETFs but Gary Gensler made it pretty clear in the accompanying statement that he still thinks nobody should be buying these things.

https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023 posted:

Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing.

While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.

Vakal
May 11, 2008
IDK, money laundering, sanction evasion, and terrorist financing sounds like a solid growth industry to me.

Strategic Tea
Sep 1, 2012

Vakal posted:

IDK, money laundering, sanction evasion, and terrorist financing sounds like a solid growth industry to me.

:britain:

Lammasu
May 8, 2019

lawful Good Monster
So the guy that set himself on fire outside the Trump trial was some kind of schizophrenic that had this bizarre crypto conspiracy theory.

Neo Rasa
Mar 8, 2007
Everyone should play DUKE games.

:dukedog:

Lammasu posted:

So the guy that set himself on fire outside the Trump trial was some kind of schizophrenic that had this bizarre crypto conspiracy theory.

Sounds like this will really fire up the base.

ghosTTy
Sep 22, 2008

mmm cheapies

Hello Sailor
May 3, 2006

we're all mad here

Lammasu posted:

So the guy that set himself on fire outside the Trump trial was some kind of schizophrenic that had this bizarre crypto conspiracy theory.
https://youtu.be/uXKoiJrEUtI?feature=shared

Only registered members can see post attachments!

Hello Sailor fucked around with this message at 21:52 on Apr 19, 2024

Time_pants
Jun 25, 2012

Now sauntering to the ring, please welcome the lackadaisical style of the man who is always doing something...

Lammasu posted:

So the guy that set himself on fire outside the Trump trial was some kind of schizophrenic that had this bizarre crypto conspiracy theory.

*sigh* Okay, what hosed up thing happened this time?

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Strong Sauce
Jul 2, 2003

You know I am not really your father.





Time_pants posted:

*sigh* Okay, what hosed up thing happened this time?

dude set himself on fire in the protest area in front of the court where trump was farting up a storm and he has a manifesto that talks about how there is a bipartisan conspiracy to gently caress poor people over including crypto, vaccinations, etc... he's sued a bunch of people and blames clintons, thiels, epsteins for the world's miseries. based off his instagram that facebook for some reason has not frozen or taken down... the death of his mom probably caused this spiral into his weird conspiracy theories.

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