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Furia posted:what if Facebook but blockchain? quote:Facebook is apparently also considering the use of its cryptocurrency to pay users a fraction of a penny each time they view an ad, according to the Journal. The rationale for this (or perhaps the Journal's explanation for it) seems a bit muddled, however. 
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May 6, 2019 14:59
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divabot posted:The NY AG's response to Bitfinex is a cracking read. Sets out precisely what Bitfinex/Tether did and why it's a problem. Here's Amy Castor's summary, but you really should read the original. i always read the full documents; they tend to contain way more comedy than any summary
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May 6, 2019 15:03
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Weatherman posted:
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May 6, 2019 15:07
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It's time to admit mark did something wrong. When em tee gox got hacked and lost all the money, he should have just given all the accounts a haircut and started making fake us dollars. gox was like 85% of trading, every other exchange would have immediately accepted it, and it would be the world's default currency by now.
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May 6, 2019 15:12
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divabot posted:The NY AG's response to Bitfinex is a cracking read. Sets out precisely what Bitfinex/Tether did and why it's a problem. Here's Amy Castor's summary, but you really should read the original. The funny bits are pages 3 through 10 (pages 8 through 15 of the PDF), and page 18 (page 23 of the PDF) onwards. The rest is legal arguments about what case law applies and other stuff that is no doubt important to this kind of court document, but not particularly funny.
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May 6, 2019 15:15
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from the castor piecequote:This appears to indicate the OAG’s is looking into other exchanges, which makes sense, given it sent out a questionnaire to more than a dozen cryptocurrency exchanges in April 2018, requesting they disclose key information about their operations. 
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May 6, 2019 15:23
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quote:Bitfinex later shifted to a new strategy. It engaged in “an undisclosed and conflicted transaction” to let Bitfinex dip even further into Tether’s reserves. The exchange took out a $900 million loan from Tether, secured by shares of iFinex—the parent company of both Tether and Bitfinex. OAG says there is little reason to believe the iFinex shares have any real value, especially in the event iFinex itself defaults. lmfao This is some galaxy brain financial finagling
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May 6, 2019 15:27
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norp posted:Are you saying that my grandma isn't up to storing secure copies of private keys in her BIRDBATH? quote:
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May 6, 2019 15:31
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Write down your private key on a piece of paper and burn it. Your gandkids will have time machines to travel back in time and watch you do it.
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May 6, 2019 15:36
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having read that entire opposition motion, my favorite part is where they mock one of my favorite parts of bitfinex's motion to vacate: bitfinex basically said "yes, the law clearly applies to us in this situation and is backed by tons of previously decided cases. however, the law is bad and wrong and makes us sad, so the court obviously should completely ignore that law. those previously decided cases, by the way, were all decided incorrectly since, again, the law is clearly bad and wrong. you absolutely must ignore the law. pretend it doesn't exist. kthx"
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May 6, 2019 16:21
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yes ive been accused of so called "crimes" but isn't the real crime the fact that things like theft and fraud are considered crimes? i rest my case
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May 6, 2019 16:34
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Murder is the ultimate victimless crime, when you think about it. When you're done, there is no victim.
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May 6, 2019 17:06
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Paladinus posted:Murder is the ultimate victimless crime, when you think about it. When you're done, there is no victim. https://www.youtube.com/watch?v=caXeAMseve0
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May 6, 2019 17:11
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Boxturret posted:yes ive been accused of so called "crimes" but isn't the real crime the fact that things like theft and fraud are considered crimes? i rest my case And that's pretty much Bitfinex's reply to this reply. notice how they inexplicably fail to address the two pages of the NY AG recounting their extensive record of lies and bs
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May 6, 2019 19:49
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My prediction. Take it or leave it. (self.Bitcoin) submitted 18 minutes ago by slvbtc Scenario = 2008 style banking crisis 2.0. Global economy will tank, realestate values will tank, auto sales will tank, bitcoin will rise. People desperate to sell realestate will start accepting bitcoin as a last resort. Luxury car manufacturers will start accepting bitcoin as a last resort. Once all realestate agencies and luxury vehicle dealerships are accepting bitcoin other items that do poorly in a deep recession will start being sold directly in bitcoin like hotel rooms, airfares, and luxury clothing as a last resort to keep their businesses alive. Accepting bitcoin will become viewed of as a way for your business to escape the pain caused by a downfall in the economy. As the recession ends and the world recovers it will be considered common place for bitcoin to be accepted and used in commerce.
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May 6, 2019 19:53
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yeah selling to bitcoiners sure will be a thing struggling companies do, because bitcoiners are sure to want to spend their constantly rising bitcoins on things
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May 6, 2019 20:09
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divabot posted:And that's pretty much Bitfinex's reply to this reply. they did that in their original motion but i don't see that in this new motion
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May 6, 2019 20:10
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...! posted:Scenario = 2008 style banking crisis 2.0. Bitcoin: predicting the past and getting it 
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May 6, 2019 21:30
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...! posted:My prediction. Take it or leave it. (self.Bitcoin) even in their fantasies, merchants only accept bitcoin out of desperation. never explained: why, when everything with actual utility is crashing, people will want to trade goods and services for magic beans that don't buy anything except the same thing they are selling
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May 6, 2019 23:49
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upon seeing everything else collapse people will rush to bcoin as a beacon of stability making the price go to the moooooonNN!N!N!!N1
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May 7, 2019 00:13
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https://twitter.com/MrBrendanJay/status/1125493748572545025
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May 7, 2019 00:45
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we're really stretching the limits of the phrase "well-known" if Milo qualifies
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May 7, 2019 00:54
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if milo invaded coinbase i would make at least a favourable reference to satoshi in the House of Commons
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May 7, 2019 01:40
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[USA] I'm going to buy a house in the USA by bitcoin. What could go wrong? (self.legaladvice) submitted 2 days ago * by vostai Hi guys, I don't know which sub should I post this so I post it here. Hope you guys don't mind. My family is going to immigrate to the USA soon, so we'll sell our house and take the money to the US to buy a new house. An acquaintance of my dad said he'll buy our house in bitcoin. We from VN and our country doesn't accept crypto-currencies. My family doesn't know a single thing about bitcoin. The buyer suggested that he will give us a code/e-wallet that have the money in the same price as our house so we can buy a new house in the US. When we've done purchased a new house, my family will go back to VN and do the paper work with the buyer to transfer the land use right to him. I just feel like something fishy in here. I don't know anything about buying a house in the US, epecially the paper work like tax, proof of legal money to buy an expensive property, etc... So can you guys somehow show me the risks I may have in this deal so I can explain to my family to avoid them? Thank you guys a lot, I'm very appreciated.
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May 7, 2019 01:52
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so glad they didn't post that in r/bitcoin
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May 7, 2019 02:12
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Yes, I am very appreciated, too. I hope they don’t get scammed it’s Bitcoin, it’s always a scam.
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May 7, 2019 03:05
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Boxturret posted:so glad they didn't post that in r/bitcoin yeah he definitely posted it in the right place. the legal advice sub really drilled it in to him that it`s a scam
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May 7, 2019 04:59
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Please HODL my bag https://mobile.twitter.com/verge/status/1125491832689954820
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May 7, 2019 06:02
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what even is a "smart backpack"? lol
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May 7, 2019 06:23
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BMan posted:what even is a "smart backpack"? lol it was supposed to be several separate usb batteries, several usb ports so you could plug a lot of stuff into those batteries, and also a mobile hotspot where you provided your own sim card also the expensive models would have kevlar shields and even more battery packs
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May 7, 2019 06:35
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the perfect backpack for someone who has never used a backpack before or considered how heavy batteries are
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May 7, 2019 06:53
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"oh woe is me, my battery is nearly dead oh what will i do??" a strange panting man bursts into the room. he trips, his heavy backpack hits him in the back of the head, killing him instantly. as he lies there his backpack starts to make a hissing noise before several loud pops are heard and the whole thing catches on fire. the end
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May 7, 2019 07:05
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Boxturret posted:"oh woe is me, my battery is nearly dead oh what will i do??" love the backpack though
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May 7, 2019 07:17
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a backpack full of explosive batteries isn't something new.
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May 7, 2019 07:20
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BMan posted:what even is a "smart backpack"? lol 
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May 7, 2019 07:29
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Celexi posted:a backpack full of explosive batteries isn't something new. but what if it used the battery power to mine bitcoin?
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May 7, 2019 07:43
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it's the Uber for hiking - get paid to wander around nature*) *) the garden outside your mum's basement
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May 7, 2019 08:12
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Boxturret posted:but what if it used the battery power to mine bitcoin? and then used those bitcoins to buy more battery backpacks?
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May 7, 2019 12:45
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...! posted:and then used those bitcoins to buy more battery backpacks? That's where this plan falls apart because you'll end up stabbed in some backlot as opposed to bebatterybackpacked.
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May 7, 2019 13:00
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incompetent bitcoin criminals: the classic combination the thread craves: https://thenextweb.com/hardfork/2019/05/06/github-bitcoin-extortion-unsuccessful/
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May 7, 2019 14:37
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