DAD LOST MY IPOD posted:

IIW (international investors of the world): One Big Stock

90s Solo Cup posted:

An early draft of a Rick and Morty episode.

neutral milf hotel posted:

one of favorite crypto stories, aside from Dread Pirate Roberts & Carl Mark Force, was how totally and completely etherium, ETH, a bitcoin competitor, poo poo the bed (multiple times). I'm typing this all from memory and my details might be off, but the gist is there.

more specifically it was the smart contract programming language that was terribly written and allowed for such awesome things like requiring access to a shared library that itself was a smart contract attached to the ETH blockchain. until one day some newbie was testing out how to delete contracts and accidentally gained access to, and then delete the special library contract from the blockchain. oops.

another one that I'll superficially mention is how someone managed to "hack" an early and popular smart contract named "The DAO." this stands for decentralized autonomous organization, which was a type of permanent, autonomous, smart contract capital fund that allowed people to "invest" ETH and then withdraw at some time later -- all without human intervention and without a single point of failure. it was an early example of how smart contracts could itself become a core part of democratizing self-investment or some bullshit.

the smart contract was built on a bad scripting language (like it was notoriously bad, and worth reading more into) but had a glaring flaw: you could recursively call withdrawals infinitely. it went something like this:

• let me take back a dollar of ETH that I invested
• but before you check my balance let me take back a dollar that I invested
• and so on

some guy managed to swipe a majority of the funds in The DAO to the tune of 3.6 million ETH. (I think this was worth $50M) he couldn't outright take the funds and run immediately because of some constraints that I won't get into, but because this contract is autonomous and permanent there wasn't a whole lot that others could do other than also try to swipe out the remaining funds through withdrawals and contract splits. and remember, this "hack" was legitimate because he was using the same contract language anyone else could use and using the same platform as everyone else

so now, how do you manage to fix such a hack that drained a significant portion of the investment funds that itself is autonomous, and was built atop a monetary system that is permanent, irreversible, immutable, consistent, and secure?

you hard fork the entire monetary system to a point back in time and revert back the "stolen" ETH.

cumshitter posted:

bitcoin solves a problem that doesnt exist: how do you have human and business relationships without trust

trust is the only thing holding us back from being the ideal society: individual atoms that never form bonds and just swirl around in a jar aimlessly, bumping into eachother but never forming connections

BigDave posted:

Rick: Do you want that?! Peter Thiel, Ghislaine Maxwell and Jeff Bezos setting up a libertarian oligarchy in their own private universe? It would be the end of all things Morty! THE END OF ALL THINGS!

cumshitter posted:

*kneels down next to you like a waiter taking your children's menu order*

*points to the sky*

see that? where the clouds are?

thats where stocks live. thats their home. thats where they want to be

the stocks are going home. wave goodbye to the stocks. goodbye stocks

quote:

The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain.

Shrecknet posted:

Etherium was at one point in 2017 completely unusable as a digital cat petting game used its blockchain and effectively DDoS'd the whole thing for like two weeks.

Nothing will top that in my mind for Dunning-Krugerrand hilarity.

Xaris posted:

that argument against MMT is real but it only applies to basically poorer nations under the jackboot of global neoliberalism. mmt is a very easy to understand stepping stone for convincing somewhat mushybrain npr libs (and even chud-lites) about HoW WiLl We PaY FoR iT? and then into M-L even though it's not really an end-all nor even close to because it's ultimately still class-based capitalism, just one a little less terrible. sort of like keynesian economics which is terrible, but a little less terrible for the average person than austerity-driven neoliberalism

buyt yeah there's no internally or ideological consistency other than 'own da libs' + 'give more money to rich people' to america. people are a-ok having trump/jpow print 15 trillion to give to the rich because it owns da libs and makes rich people more moeny which trickles piss droplets onto their heads. and to be fair, people are probably not ok but they have the media manufacturing consent and screeching at them ensmoothening brains about how good it is to make rich people richer, or more often, just not mentioning it

uncurable mlady posted:

money is fake, debt is real

Stereotype posted:

no one wants to work, especially lovely but societally necessary jobs, so you need to entice them with something and we picked money.

that’s literally all of economics

euphronius posted:

i disagree with people not wanting to work

people love to work. it’s vitally important to who they are (for a lot to people. obviously some people cannot))

the issue is being exploited for that work

but as someone said above I have a dumb anarchist mind

euphronius posted:

i disagree with people not wanting to work

people love to work. it’s vitally important to who they are (for a lot to people. obviously some people cannot))

the issue is being exploited for that work

but as someone said above I have a dumb anarchist mind

euphronius posted:

ok some really bad jobs there may need to be a rotation or something. like old person butt wiping

Funion posted:

BigDave posted:

Rick: Do you want that?! Peter Thiel, Ghislaine Maxwell and Jeff Bezos setting up a libertarian oligarchy in their own private universe? It would be the end of all things Morty! THE END OF ALL THINGS!

Morty: You're drunk aren't you.

Giga Gaia posted:

some guy i worked with was going to make some sort of pirate bay on the etherium block chain and i kept asking him why and he'd just go: 'its on the block chain'. he spent like 20% of his pay check every week on eth. i dont think he ever managed to buy anything with it.

Shageletic posted:

i was once looking at a proposal to add blockchain technology to corralling trucks for transport.

Literally it was Blockchain + Trucks ----> ? ----> PROFITS

euphronius posted:

i disagree with people not wanting to work

people love to work. it’s vitally important to who they are (for a lot to people. obviously some people cannot))

the issue is being exploited for that work

but as someone said above I have a dumb anarchist mind

Dmitri-9 posted:

So is the upsurge in cruise ship bookings being hampered by the fact that most other countries won't let our plague ships anchor at their ports?

human garbage bag posted:

It's not exploitation if there is no coercion. If someone wants to work and produces two loaves of bread, but doesn't realize that they produced two loaves of bread and is happy taking only one loaf, where is the crime?

Oneiros posted:

the poo poo that went down after katrina hit the gulf was so thoroughly suppressed and memory holed it's incredible

WorldsStongestNerd posted:

Exactly. If poo poo actually goes down part of helping your community is going to involve having guns to make chuds and off duty police think twice about killing your neighbors. Robert Evans had a good interview with a guy that organized community defense to stop the chuds who were openly hunting black people in New Orleans.

However lefties aren't allowed to have these discussions because conservatives have poisoned the well. Obviously my gun means I'm a drooling idiot with action hero fantasy's.

Fame Douglas posted:

Please gently caress your guns elsewhere.

SKULL.GIF posted:

Shut up idiot

Fame Douglas posted:

You're one of the worst posters on the forums, please stop posting. No one needs to read your garbage fake leftist takes.