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Woodchip posted:https://www.msn.com/en-us/money/companies/tesla-sticks-by-model-3-target-posts-worst-ever-quarterly-loss/ar-BBIPyDp lol, Chevy puts out more Bolts (with equal or superior stats to Teslas) a week than they're failing to put out a quarter. Probably because one has an interior people would want to use and the other is, well https://i.imgur.com/mwkh8bU.mp4
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Feb 8, 2018 04:05
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BrutalistMcDonalds posted:i imagine the fraudsters / ponzi schemes / organized criminal syndicates are also able to create armies of fake accounts to spread the gospel of the blockchain imagine becoming a member of an organized crime syndicate with dreams of shaking down shop owners and bribing officials but instead your job is configuring a markov bot net that produces memes about Hillary Clinton's deep state trying to shut down crypto
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Feb 8, 2018 04:05
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The thing about Bitcoin is, as someone who has followed it since like, 2010, is that it is entirely a fool's game. The entire purpose of getting into bitcoin is to not be the last guy holding the loving bag as the floor falls out from beneath you. There was a time where it maybe could have been a currency - people bought drugs and burritos, for gently caress's sake - but it was entirely unreliable and unprofitable, but more importantly - it served no purpose in day to day life except from being able to cash it out into your local currency - Bitcoin was always innately tied to the value of USD, which as an independent currency - simply does. not. work. If I came to you and said I wanted you to edit video for me for 10 bitcoins a week, you'd be a loving crazy person for taking that job, as your salary would fluctuate so uncontrollably you would have no ability to financially plan a future for yourself. As these experiments in cyber-cash failed, bitcoin became little more than something you could trade that has no actual value - Bitcoin will be dead in the next 5 years, 10 at the very most considering how more and more ridiculous and idiotic our society gets in the misinformation age. The people who sold everything or were desperate to make it big that are left holding the bag will feel victimized, and the ones that hookwinked them and made a fortune will profess how if you're not a millionaire in 10 years it's your own fault. And that's the horror of the modern economy in a nutshell - if you're actually working, and doing something that contributes to society, you've already hosed up. The new wealth comes from moving around idle capital - investments into idiotic Silicon Valley pet projects, rent seeking from those not lucky enough to own an apartment building or some other chunk of land, and god knows how many other forms of stupid poo poo that isn't wealth generated from performing labor. Bitcoin is an actively destructive and frankly suicidal parody of free market ideology that serves to do little more than prove that Karl Marx Was Right, and capitalism is little more than a glorified casino, even as the house always wins - except that house is Mother Earth wiping away civilization in increasingly worse and worse natural disasters as humanity makes its only home utterly uninhabitable.
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Feb 8, 2018 04:08
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Feb 8, 2018 04:25
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Woodchip posted:Tesla sticks by Model 3 target, posts worst ever quarterly loss Counterpoint: 
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Feb 8, 2018 04:25
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the only way bitcoin would become money is fi the government said you had to pay your taxes in it
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Feb 8, 2018 04:28
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SKULL.GIF posted:https://twitter.com/AbdulElSayed/status/961396409705615361 This is why I don't ever want a house. If the financial crisis taught us anything, it's that houses are the assets of the plebs. Reserve banks would sooner destroy the whole property sector than they would give an inch of ground on the stock market. This is a fun transcript to read if you want to know how reserve bank economists think about their role in society. MR. FUSTER: Let’s suppose that QE at the zero bound has crucial political elements to it. That is has real income distributional consequences, that could be an argument that would strengthen the case that Larry Summers made there really isn’t any fundamental reason that you couldn’t delegate that responsibility to the treasury. That they would participate in sale of longer term treasury securities at NPS. Or alternatively you could change the Federal Reserve act and say if the Federal Reserve is contained by the zero bound than it needs to do large scale asset purchases, that in doing so it should consider the income inequality. I just don’t think that over time that the public broadly is going to be willing to accept the argument that Don made which is it’s just not part of our mandate. In that case the mandate probably needs to change. MR. WESSEL: You think the mandate should be changed to make inequality part of their agreement. MR. FUSTER: I think that there... MR. WESSEL: Unelected, independent policy makers have some responsibility for income distribution? He forgot the part where he want the open market committee to be popularly elected. MR. FUSTER: No, the point here is that if we agree and I think the papers here this morning I thought made a fairly strong case that there are some implications of QE at the zero bound for income and equality. Those are not trivial. MR. WESSEL: Right. As you can see, any effort to give a poo poo about loving over poor people (even when framed as the public being a threat to them ultimately) is instantly attacked and nothing changes. https://www.brookings.edu/wp-content/uploads/2015/05/20150601_quantitative_easing_inequality_transcript.pdf
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Feb 8, 2018 04:29
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gucci bane posted:This is why I don't ever want a house. If the financial crisis taught us anything, it's that houses are the assets of the plebs. Reserve banks would sooner destroy the whole property sector than they would give an inch of ground on the stock market. man who could have thought the unelected unaccountable banker cabal that makes up the economy's central planning apparatus would want to gently caress poor people
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Feb 8, 2018 04:32
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Epic High Five posted:lol, Chevy puts out more Bolts (with equal or superior stats to Teslas) a week than they're failing to put out a quarter. Probably because one has an interior people would want to use and the other is, well yeah but the tesla factory output is split between producing the model s, model x, model 3, and racism
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Feb 8, 2018 04:35
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Phone posted:yeah but the tesla factory is split between producing the model s, model x, model 3, and racism also class warfare
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Feb 8, 2018 04:36
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Pener Kropoopkin posted:A lot of cryptos could end up trading at zero, but never bitcoin. Bitcoiners think all they have to do is throw more money at it and eventually they can hodl all the way back up to 17k and more. I don't think Bitcoin will ever go to zero. I could imagine triple digits though if there is a recession and the libertarian computer touchers need their money for actual real life poo poo instead of investing in "I wish Bioshock was real".
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Feb 8, 2018 04:39
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Alpha Mayo posted:I don't think Bitcoin will ever go to zero. I could imagine triple digits though if there is a recession and the libertarian computer touchers need their money for actual real life poo poo instead of investing in "I wish Bioshock was real". hell, same *dreams of killing libertarians with bees*
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Feb 8, 2018 04:43
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my favorite of the voices they used for the GODDAMN SPLOICERS was the guy who was weepingly praying and singing "jesus loves me" not for any deep reason about the game's politics i just thought it was the creepiest
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Feb 8, 2018 04:48
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BrutalistMcDonalds posted:oh it's wild. people have plowed their life savings into bitcoin and took out credit cards to buy it in jail i've heard guys mention possibly buying buttcoins, i kept warning em it was dumb and mostly used for child porn
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Feb 8, 2018 05:20
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I'm gonna encourage libertarians to upload their brains into computers so they can literally become crypto-currencies. Merge with the blockchain. Then I'm pulling the plug on the internet.
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Feb 8, 2018 05:21
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BrutalistMcDonalds posted:I'm gonna encourage libertarians to upload their brains into computers so they can literally become crypto-currencies. Merge with the blockchain. gonna make a crypto vr technoutopia and tell bitlords i'm using their spare brainpower to mine coins. once they all log in i'll open the firewall to the world and make all the passwords admin/admin.
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Feb 8, 2018 05:25
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Shear Modulus posted:man who could have thought the unelected unaccountable banker cabal that makes up the economy's central planning apparatus would want to gently caress poor people they rarely acknowledge responsibility for it though
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Feb 8, 2018 05:31
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Weeping Wound posted:this is probably only going to end with the exhumation and postmortem trial and execution of Jeff Bezos' lavishly laid to rest corpse Bezos is on his way to Mars behind the wheel of a red car.
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Feb 8, 2018 05:48
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Is there any way for a cryptocurrency to realistically die though? Like won't these things just be evenly distributed on two hundred dipshits computers as they become completely confident they're going to be worth trillions any day now
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Feb 8, 2018 06:15
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Bushiz posted:Is there any way for a cryptocurrency to realistically die though? Like won't these things just be evenly distributed on two hundred dipshits computers as they become completely confident they're going to be worth trillions any day now 1. Print tethers (USDT fake play money) 2. Buy a shitload of BTC with the tethers you printed on a BTCUSDT exchange 3. Dump your BTC on a BTCUSD exchange and cash out your sweet USD 4. Let the arbitrage bots normalize the prices between the exchanges since USDTUSD is magically around 0.998 5. repeat Now the fun part: What happens when investors lose faith that their funny money USDT doesn't actually trade for 0.998 USD?  (the highest volume exchange, bitfinex, claims they are USD but they are also heavily leveraged by USDT) Notorious R.I.M. fucked around with this message at 06:47 on Feb 8, 2018 |
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Feb 8, 2018 06:26
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Yeah that's the scam. The pumps are done on real USD exchanges now though instead of with Tether to bait more buy orders and temporarily calm the unrest. Though each recovery after each crash never actually gets to precrash values.
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Feb 8, 2018 06:46
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Woodchip posted:Tesla sticks by Model 3 target, posts worst ever quarterly loss There was a post on top of reddit about how Tesla has a 0$ marketing budget which made me pretty angry because literally everything they do is their marketing budget
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Feb 8, 2018 06:48
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 Looks good. Prime buying opportunity.
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Feb 8, 2018 06:54
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I’m not really fond of this elon musk
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Feb 8, 2018 06:56
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Agronox posted:I’m not really fond of this elon musk i for one would never trust anyone whose last name is musk
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Feb 8, 2018 06:56
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Wasn't he such a bad CEO that they sent him on a pointless business trip, ousted him while he was away, then turned everything around from near bankruptcy into a huge success? Tanking paypal might be the only good thing Elon musk almost accomplished.
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Feb 8, 2018 07:02
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so whats up with the real stock market
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Feb 8, 2018 07:04
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got any sevens posted:so whats up with the real stock market unstable as gently caress, prolly gonna go down again soon
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Feb 8, 2018 07:07
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got any sevens posted:so whats up with the real stock market Not prices today. But also not much down with it either. Boring high volatility, low change
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Feb 8, 2018 07:08
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i've always liked one thing about elon: at least he has an idea of what he should be spending his money on, and then does it, and doesn't just stick their absurd wealth in bonds him putting a sports car in space is at least, like, nice but from what I hear tesla is still super exploitative and will probably go tits up
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Feb 8, 2018 07:08
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got any sevens posted:so whats up with the real stock market Relationship Status: Complicated
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Feb 8, 2018 07:09
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Stock market so strong it hit 25k 11 times today
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Feb 8, 2018 07:13
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Stock market training with weighted clothing
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Feb 8, 2018 07:38
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gucci bane posted:This is why I don't ever want a house. If the financial crisis taught us anything, it's that houses are the assets of the plebs. Reserve banks would sooner destroy the whole property sector than they would give an inch of ground on the stock market. What percent of residential real estate assets do you think are owned by the 10%? I would bet it looks relatively similar.
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Feb 8, 2018 07:50
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https://twitter.com/stephcd/status/961383467807322112
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Feb 8, 2018 08:54
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It should be noted that the phrase "shadow banking" contains the pejorative connotation of back alley loan sharks. Many in the financial services industry find this phrase offensive. A much better term is "market-based finance.
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Feb 8, 2018 09:02
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succ posted:It should be noted that the phrase "shadow banking" contains the pejorative connotation of back alley loan sharks. Many in the financial services industry find this phrase offensive. A much better term is "market-based finance. shadow banking it is then
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Feb 8, 2018 09:10
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the currency mooring the entire concept of crypto as a legitimate financial instrument is called tether i just got the joke omg im dying, dumb and dead
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Feb 8, 2018 09:37
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that's it right? this is all a joke you've been playing on me all thread, right? i can't believe i fell for it this long, honestly
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Feb 8, 2018 09:40
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cryptocoin stuff is really the ultimate test of poe's law. the really good part about tether is that it's symbol is USDT for US Dollars Tether. Has to be legit, name is basically the same! Apparently people caught on to them printing USDT, so now they're printing EURT and pumping ETH markets instead because all of the different coins have a correlation of like 0.995 anyway. Notorious R.I.M. fucked around with this message at 09:44 on Feb 8, 2018 |
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Feb 8, 2018 09:42
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