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TheFluff posted:maybe this is just much funnier because i'm tired but i found this to be loving hysterical: give facebook's ~algorithm~ with all its intimate knowledge of people's behavior your full 170 million item product catalog, and it'll show your potential customers exactly what they want to buy, yes? i mean it can figure out if you're pregnant before you know it yourself can't it??? quote:acebook’s algorithm is simply emphasising clicks far too much.
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Dec 7, 2017 08:55
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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blowfish posted:It turns out human attention is a trash metric. Who knew??? The attention economy can do no wrong!
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Dec 7, 2017 09:02
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karthun posted:The attention economy can do no wrong! imagine four marbles on the edge of an antisocial network
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Dec 7, 2017 09:54
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A little off-topic maybe but:https://www.vice.com/en_uk/article/434gqw/i-made-my-shed-the-top-rated-restaurant-on-tripadvisor posted:With the help of fake reviews, mystique and nonsense, I was going to do it: turn my shed into London's top-rated restaurant on TripAdvisor. And he does.
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Dec 7, 2017 11:47
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Does it have home made jam?
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Dec 7, 2017 13:05
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Artisanal sawdust.
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Dec 7, 2017 13:47
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https://twitter.com/evilseanbot/status/938226348161605632
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Dec 7, 2017 16:48
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Bitcoin went from 13k to 18765 in a matter of 3 hours today. edit: now it's 19762 ThisIsWhyTrumpWon fucked around with this message at 17:28 on Dec 7, 2017 |
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Dec 7, 2017 17:26
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How. Why.
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Dec 7, 2017 17:46
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Moatman posted:How. Why. pump.dump.
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Dec 7, 2017 17:57
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Moatman posted:How. Why. There is a "token" called Tether which is traded at $1 US = 1 tether, because it's supposedly backed up by bank accounts containing $1 US for each token. Two things: Tether has never passed an audit showing the owners have that much money. And as of the middle of November there were 560 million Tether issued, with about 50 million more being issued every week... does anyone really believe these people have over half a billion bucks sitting around to put into accounts for this? But you can trade Tether for bitcoins at the same price as you'd trade USD, and someone's picking up all those Tether somehow, so the USD price follows.
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Dec 7, 2017 18:24
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All this Bitcoin nonsense is boggling to me. I still remember the first round of this poo poo, how can anyone still take Bitcoin seriously after debacles like Mt.Gox? From the sounds of things, absolutely nothing has changes since then and none of the underlaying issues have been addressed. If anything it actually seems to have gotten WORSE!
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Dec 7, 2017 18:40
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MechanicalTomPetty posted:All this Bitcoin nonsense is boggling to me. I still remember the first round of this poo poo, how can anyone still take Bitcoin seriously after debacles like Mt.Gox? people are greedy and stupid, basically
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Dec 7, 2017 18:40
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That wish.com issue is because Facebook doesnt allow the data capture necessary to identify actual purchases made. It’s an extremely basic feature but it would upend Facebooks walled garden so it wont exist and theyll have to find other stupid solutions that wont work instead. But at least they arent youtube!
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Dec 7, 2017 18:50
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Uhhh https://twitter.com/carlquintanilla/status/938824813963104257
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Dec 7, 2017 18:53
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Time travelling is probably the best way to make money with Bitcoin, it's true. That and scamming.
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Dec 7, 2017 19:00
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Disrupting the space-time continuum
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Dec 7, 2017 19:41
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I still don't get this new bitcoin surge. Bitcoin made sense as a concept when it was still cheap and usable for things like Silk Road purchases, so it had some utility. But from the posts in this thread I gather its almost impossible to cash-out in large figures, especially at figures of 20k+ (as 1btc would be soon it seems). So are people just plowing money into it blindly expecting a way to cash out to materialize at some point in the future? What use is having $200k in a completely il-liquid asset, that is prone to a rapid crash at any time?
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Dec 7, 2017 19:43
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Once again, the tulip-heavy portfolio pays off for the savvy investor.
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Dec 7, 2017 19:45
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Blut posted:So are people just plowing money into it blindly expecting a way to cash out to materialize at some point in the future? What use is having $200k in a completely il-liquid asset, that is prone to a rapid crash at any time? it's a combination of rubes and marks saying "well, the newspaper is talking about this bits-coin, i should have some for my portfolio" as well as dogbreathed libertarians trying to prove the value of the market by throwing their money down a well, augmented with scammers and fraudsters all trying to manipulate and prop up the price for their own ends (drugs, money laundering, paper fortunes) it's basically a communal ponzi scheme, the amazing thing about bitcoin is that it's a scam with nobody in charge. it's the collective scamming efforts of a hundred thousand morons all trying to get one over on each other
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Dec 7, 2017 19:50
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boner confessor posted:it's a combination of rubes and marks saying "well, the newspaper is talking about this bits-coin, i should have some for my portfolio" as well as dogbreathed libertarians trying to prove the value of the market by throwing their money down a well, augmented with scammers and fraudsters all trying to manipulate and prop up the price for their own ends (drugs, money laundering, paper fortunes) Libertarianism in Avatar form.
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Dec 7, 2017 20:00
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boner confessor posted:it's a combination of rubes and marks saying "well, the newspaper is talking about this bits-coin, i should have some for my portfolio" as well as dogbreathed libertarians trying to prove the value of the market by throwing their money down a well, augmented with scammers and fraudsters all trying to manipulate and prop up the price for their own ends (drugs, money laundering, paper fortunes) Interesting. Its going to be fascinating when it crashes and hundreds of millions of dollars are wiped out to see who came out ahead from the whole thing.
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Dec 7, 2017 20:40
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fishmech posted:There is a "token" called Tether which is traded at $1 US = 1 tether, because it's supposedly backed up by bank accounts containing $1 US for each token. And there is nothing stopping exchanges from front running or painting the tape or freezing sales and withdrawals whenever they want.
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Dec 7, 2017 20:49
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jre posted:Which exchanges are supposed to be "unsketchy" divabot posted:coinbase (the popular one loving everyone signs up to which has no customer service) https://twitter.com/adrjeffries/status/938824429299257351
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Dec 7, 2017 21:59
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Dmitri-9 posted:And there is nothing stopping exchanges from front running or painting the tape or freezing sales and withdrawals whenever they want. Well, those things are all against a variety of laws and regulations, and the exchanges will be on the hook for violating them, but nobody has swooped in and said Subway Eat Fresh and Freeze! so the exchanges are currently getting away with it. People who say “Bitcoin isn’t regulated!” are delusional. It’s always been regulated, because the various financial laws and regulations don’t need to specifically say “Bitcoin” or “crypto-currency” to cover the concepts.
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Dec 7, 2017 22:37
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eschaton posted:Well, those things are all against a variety of laws and regulations, and the exchanges will be on the hook for violating them, but nobody has swooped in and said Subway Eat Fresh and Freeze! so the exchanges are currently getting away with it. Oh you are adorable.
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Dec 7, 2017 23:47
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It's kind of true, but not true enough until it's actually enforced like that.
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Dec 8, 2017 00:10
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Ynglaur posted:Disrupting the space-coin continuum
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Dec 8, 2017 00:39
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Inescapable Duck posted:Sparkledogs are still a thing? They're basically dime-store knockoff furries that I'm not sure even deserve to be counted above edited Sonic sprites or bad MSpaints, which are basically the prison toilet wine of furries. I mean like, we're talking flea market furries here.
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Dec 8, 2017 01:06
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outlier posted:A little off-topic maybe but:  
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Dec 8, 2017 01:20
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It's enforced in the sense that when the crash actually happens some people will get sued, many people will be fined, and the Winklevoss twins will go to jail, but there's not a lot protecting the individual dumbasses that are speculating on it from the people preying on them until that happens. Effective financial regulation relies on the ability of banks to act as "chokepoints." There aren't the resources to go after every individual fraudster or money launderer, but that bad cash has to touch a bank at some point so the FTC just fines the gently caress out of a bank if they're responsible for those transactions and lets them sort out how to not be fined. But since blockchain is decentralized there's no way to stop anybody from using it to launch whatever ponzi scheme they want. Maybe one of the exchanges will be able to get into compliance, at which point it will stop being profitable because it doesn't have the economies of scale to make it work. I kinda doubt it though, given how much competence they've shown around things like basic information security and accounting practices so far.
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Dec 8, 2017 01:32
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outlier posted:A little off-topic maybe but: That is phenomenally impressive
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Dec 8, 2017 01:32
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Baby Babbeh posted:It's enforced in the sense that when the crash actually happens some people will get sued, many people will be fined, and the Winklevoss twins will go to jail surprisingly, if anyone won't go to jail it's them. i keep an ear out for shenanigans, and gemini is actually the exchange i've heard nothing about that the SEC would set on fire. they know what the rules are and their whole schtick with gemini is "we are regulation abiding, you should have confidence to put your serious money with us." i am actually surprised that they are so far literally the most honest people in bitcoin. good loving lord. (i mean i could be wrong they could poo poo the bed tomorrow WHO KNOWS) the rest of your comment is on the money though.
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Dec 8, 2017 01:40
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Moatman posted:That is phenomenally impressive I dunno, here's someone gaming Yelp in 2015: https://splinternews.com/i-created-a-fake-business-and-bought-it-an-amazing-onli-1793850918 The article's up front about Yelp admitting "fake sit-down restaurant" is just not in their threat model and most culprits have been journalists. The "delivery" pizza places that exist just to take $3/order and pass it on to a legitimate chain are more interesting.
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Dec 8, 2017 02:05
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JawnV6 posted:I dunno, here's someone gaming Yelp in 2015: https://splinternews.com/i-created-a-fake-business-and-bought-it-an-amazing-onli-1793850918 Hitting the top is whatever, it's the back part of the article, actually faking the restaurant, that's impressive
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Dec 8, 2017 02:10
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https://twitter.com/officialmcafee/status/938938539282190337 Bubbles are mathematically impossible 
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Dec 8, 2017 03:44
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aware of dog posted:https://twitter.com/officialmcafee/status/938938539282190337 and all else
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Dec 8, 2017 03:52
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This time it is different!
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Dec 8, 2017 04:15
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aware of dog posted:https://twitter.com/officialmcafee/status/938938539282190337
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Dec 8, 2017 04:30
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| # ? May 22, 2024 18:11 |
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My theory is that the initial spike was caused by an influx of smart Wall St. money when the BTC futures market was announced, and that this week’s bullshit is a combination of dumb, me-too Wall St. money and general mania from the public. But who knows.
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Dec 8, 2017 04:54
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