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Well they can always repair the damage with money from their Bitco-- Oh right.
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Jan 19, 2018 20:08
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There Bias Two posted:Well they can always repair the damage with money from their Bitco-- It’s almost like the main target of bitcoin is people with poor impulse control.
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Jan 19, 2018 20:10
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Tether Printer from 3 hours ago:quote:You guessed it! 100 Million in new freshly minted, counterfeit money brought to you by Bitfinex. That makes four days in a row where they printed 100 Million in fake money a day.
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Jan 19, 2018 20:10
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Sovereign currencies, how do they work https://modernmoneybasics.com/facts/
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Jan 19, 2018 20:12
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LethalGeek posted:It's a lovely database with a gimmick. We have databases lmao I want to read the database text book that tries to put the blockchain (which is crusty with my rear end-poo poo, btw) in to 3rd normal form
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Jan 19, 2018 20:16
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hahah holy poo poo 400 mill in USDT in 4 days.
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Jan 19, 2018 20:55
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I mean in simple terms it's totally correct that it's a lovely database that sacrifices speed and efficiency for the fact that it's "decentralized". This is a stupid trade off for any business because they don't want to run their calculations on random basement dwellers' PCs and also they want everything to be as fast and efficient as possible.MA-Horus posted:hahah holy poo poo 400 mill in USDT in 4 days. They discovered that they need a daily 100 mil injection of fake money into the exchanges just to keep the price of BTC stable. Not even go up, just to keep it at 11K. It's magical. People selling now are smart because eventually there will be nothing but tethers left for HODL crowd. Rad Russian fucked around with this message at 21:06 on Jan 19, 2018 |
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Jan 19, 2018 20:58
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divabot posted:https://twitter.com/MayorAdler/status/954039614804844544 After reading his follow up, the actual idea would a) isn't going to do poo poo for the homeless and b) could be a really good way to bypass HIPAA's stupid security rules that cause the entire US healthcare industry to operate via fax machine. quote:§ 164.312 Technical safeguards. From the sounds of it a blockchain would actually cover all of this poo poo.
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Jan 19, 2018 21:14
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$550M printed this week, last 5 days - we're at 100M being printed everyday now
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Jan 19, 2018 21:15
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hostile apostle posted:$550M printed this week, last 5 days - we're at 100M being printed everyday now
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Jan 19, 2018 21:19
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Jan 19, 2018 21:28
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I love all the crypto dudes in the comments having to go through the motions of feeling bad for the guy then yelling about how BTC and BCC aren't the same
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Jan 19, 2018 21:28
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The Donk contest guy has the son of an Israeli-American-Russian car/real estate developer (and Trump partner, satire is dead) posting at him on reddit to answer his phone. Apparently he has some other shady investors too. https://www.reddit.com/r/DonkContest/comments/7rkbtf/a_statement_regarding_the_financial_situation_of/dsxkmq8/ I don't think the Donk/Twerk contest is happening this year folks.
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Jan 19, 2018 21:30
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I don't understand a thing about Tether but this printing massive amounts of money thing they're doing seems dumb
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Jan 19, 2018 21:30
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turn off the TV posted:After reading his follow up, the actual idea would a) isn't going to do poo poo for the homeless and b) could be a really good way to bypass HIPAA's stupid security rules that cause the entire US healthcare industry to operate via fax machine.
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Jan 19, 2018 21:34
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hostile apostle posted:$550M printed this week, last 5 days - we're at 100M being printed everyday now This will keep going until there aren’t enough people to buy tether for USD on secondary exchanges. Once that happens people will start demanding that Tether back their 1:1 guarantee. When that happens it’s going to be an epic shitstorm bigger than BitConnect given how much Tether they are printing.
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Jan 19, 2018 21:41
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U-DO Burger posted:I don't understand a thing about Tether but this printing massive amounts of money thing they're doing seems dumb Tether owns, I'm proud for whoever created it.
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Jan 19, 2018 21:43
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dick wizard posted:Healthcare uses EDI which is secure and fast and far less broken than peer to peer DB transaction ledger. lol
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Jan 19, 2018 21:47
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My favorite thing about this graph is that it spans a hundred years rather than ten. My second favorite thing is everything.
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Jan 19, 2018 21:51
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This is just a graph of inflation basically? A dollar had 10x the purchasing power over 100 years ago wowo
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Jan 19, 2018 21:52
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why should it take a world war to change a currency that much when its so much more efficient to press enter on the tether printer?
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Jan 19, 2018 21:53
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DACK FAYDEN posted:My favorite thing about this graph is that it spans a hundred years rather than ten. My second favorite thing is everything. It looks like this graph stabilized around the 70s to a slow constant decrease in purchasing power. I wonder what happened then?
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Jan 19, 2018 21:57
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Somehow had missed this but apparently Telegram is planning an ICO and currently raising 1.15B (and possibly another B in a subsequent round) https://techcrunch.com/2018/01/15/inside-telegrams-ambitious-1-2b-ico-to-create-the-next-ethereum/
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Jan 19, 2018 22:01
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Tether is the most obvious scam, if you know loving anything about economics. It's fukkin' beautiful man
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Jan 19, 2018 22:06
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dick wizard posted:Healthcare uses EDI which is secure and fast and far less broken than peer to peer DB transaction ledger. Healthcare organizations in the United States (sometimes) use EDI formatted material that is Hipaa compliant, but a lot of documents that are supposed to be more secure are "electronically" transferred via fax machines. Actual transfers of electronic records that don't involve faxes need to be encrypted and all that garbage. Pretty much every doctor that I have ever been to or worked for needed to have poo poo faxed between offices.
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Jan 19, 2018 22:06
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People are gonna write thesis after thesis on this whole mess in a few years.
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Jan 19, 2018 22:07
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Lote posted:It looks like this graph stabilized around the 70s to a slow constant decrease in purchasing power. I wonder what happened then? US dollar went off the gold standard in 1971 so the exchange rates floated at market rates. There was the oil crisis in 1973 and 1979 but then a lot of oil production came online (oil is priced in USD). Then Milton Friedman's concepts started coming into effect which was the start of neoliberalism and modern monetary theory. https://www.investopedia.com/articles/economics/08/1970-stagflation.asp In short a lot of events happened from 1970 to 1982 that created that change.
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Jan 19, 2018 22:09
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Does anyone still own Flooz? Relaunch that poo poo as an alt-coin and hype it up as the Trusted, Original Digital Currency while leaning hard into Web 1.0 nostalgia. Someone please do this, I really like saying the word Flooz and want an excuse to do so
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Jan 19, 2018 22:17
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hostile apostle posted:Somehow had missed this but apparently Telegram is planning an ICO and currently raising 1.15B (and possibly another B in a subsequent round) That's beautiful. Almost all of the pump and dump groups are ran through telegram or discord so they're going to milk all of those people with their coin.
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Jan 19, 2018 22:20
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Lou Takki posted:People are gonna write thesis after thesis on this whole mess in a few years. It's pretty cool seeing all the "boiler room" stuff and shenaniganry from decades past that I've only really read about being reenacted with digital coins.
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Jan 19, 2018 22:27
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Stealthgerbil posted:Everyone knows Pegglecoins are the future of cryptocurrency anyway. Who wouldn't want to use the cryptocurrenccy used by ultimate peggle masters all over the world? I'm ready.  
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Jan 19, 2018 22:27
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Communist Q posted:That's beautiful. Almost all of the pump and dump groups are ran through telegram or discord so they're going to milk all of those people with their coin. A ponzi platform that people use to run their own ponzis. Genius. I'm copyrighting Ponzi as a Service. Or PaaS.
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Jan 19, 2018 22:29
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turn off the TV posted:Healthcare organizations in the United States (sometimes) use EDI formatted material that is Hipaa compliant, but a lot of documents that are supposed to be more secure are "electronically" transferred via fax machines. Actual transfers of electronic records that don't involve faxes need to be encrypted and all that garbage. Pretty much every doctor that I have ever been to or worked for needed to have poo poo faxed between offices. Fax machines are dumb and antiquated but they're more secure than a lovely doctor's office computer and are cheap enough to run. More and more fax machines are just networked scanner/copier/printer/fax combos though, so your doctor's office fax is probably still part of some botnet and some guy in Eastern Europe has all of your health records.
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Jan 19, 2018 22:31
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What if they just stopped leaving sensitive data on some amazon cloud server with no password on it? Just throwing out an idea
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Jan 19, 2018 22:34
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http://omnichest.info/lookupsp.aspx?sp=31TetherUS posted:
2.05 Billion tethers have been pumped into the exchanges.
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Jan 19, 2018 22:38
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Alpha Mayo posted:http://omnichest.info/lookupsp.aspx?sp=31 Total or recently?
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Jan 19, 2018 22:42
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Boon posted:So what is an actual commercial potential of blockchain? Can a company like IBM develop a business-to-business, enterprise solution and develop a consulting, installation, and support business around it? Is it at all applicable to data analysis or their Watson project? Cryptocurrencies are so lovely but hype-driven that IBM looked at them and said "we can definitely do better than this poo poo", produced a distributed database, and named it Blockchain to cash in on the hype. Then they published an article on their website on why bitcoin is garbage but their proprietary Blockchain solution is tight (because a distributed database that doesn't have to be trustless can be really fast, efficient, and scales easily). And then they did the rest of those things you mentioned, except for their product instead of something stupid like bitcoin
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Jan 19, 2018 22:46
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Nephzinho posted:Total or recently? I believe that's total. https://twitter.com/tetherprinter For all your fake currency needs
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Jan 19, 2018 22:46
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Tether rules because I cant wait for all of the people playing the fluctuations to lose their poo poo when tether collapses. I have a decent amount of skin in the game but I still can't wait for it to collapse because the drama is amazing.
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Jan 19, 2018 22:46
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I've been using blockchains for over a decade it's called git lol
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Jan 19, 2018 22:48
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