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ahahaha BitMEX are hosed https://www.cftc.gov/PressRoom/PressReleases/8270-20 https://www.justice.gov/usao-sdny/pr/founders-and-executives-shore-cryptocurrency-derivatives-exchange-charged-violation and paying ransomware is probably a sanctions violation - welp, there goes the enterprise use case for bitcoin! https://home.treasury.gov/system/files/126/ofac_ransomware_advisory_10012020_1.pdf
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Oct 1, 2020 23:41
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well surely this is good for bitcoin
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Oct 1, 2020 23:51
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kumba posted:well surely this is good for bitcoin i mean number went up, so
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Oct 2, 2020 07:30
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divabot posted:ahahaha BitMEX are hosed Wouldn't the sort of crimes they're being charged with be practised by some, or even all, other cryptocurrency exchanges?
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Oct 8, 2020 03:19
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BigBadSteve posted:Wouldn't the sort of crimes they're being charged with be practised by some, or even all, other cryptocurrency exchanges? NOW YOU MIGHT THINK THAT
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Oct 8, 2020 07:41
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buttcoin
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Oct 8, 2020 10:18
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Did no one catch McAfee getting arrested w/ pending US extradition for multiple counts of securities (ICO) fraud??
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Oct 8, 2020 11:02
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Shumagorath posted:Did no one catch McAfee getting arrested w/ pending US extradition for multiple counts of securities (ICO) fraud?? https://www.theverge.com/2020/10/5/21503324/john-mcafee-indicted-tax-evasion-sued-doj-sec going to great lengths to avoid having to eat his own penis I see
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Oct 8, 2020 14:56
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did he have consensual intercourse with a whale yet?
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Oct 8, 2020 16:10
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Shumagorath posted:Did no one catch McAfee getting arrested w/ pending US extradition for multiple counts of securities (ICO) fraud?? I wouldn't know he blocked me on Twitter
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Oct 8, 2020 22:44
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I bought bitcoins to buy drugs and so far in the past 6 hours I've had either not enough or more than I started with at least twice. Lol.
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Oct 8, 2020 22:50
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Another thing bitcoin is destroying, your friendly neighborhood dealer.
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Oct 8, 2020 22:52
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spankmeister posted:Another thing bitcoin is destroying, your friendly neighborhood dealer. Locking in that DeHigh value.
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Oct 8, 2020 23:39
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spankmeister posted:Another thing bitcoin is destroying, your friendly neighborhood dealer. Well he's been selling me weed (no legal green here) pumped full of growth regulators that lower the thc content and up the plant matter so I hope it does destroy him.
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Oct 9, 2020 03:18
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Shumagorath posted:Did no one catch McAfee getting arrested w/ pending US extradition for multiple counts of securities (ICO) fraud?? He directly and publicly taunted the feds last year, and has about a couple orders of magnitude less money than 'billion' so can't just dickslap the US government and get away with it unlike Musk.
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Oct 9, 2020 03:56
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Shumagorath posted:Did no one catch McAfee getting arrested w/ pending US extradition for multiple counts of securities (ICO) fraud??
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Oct 9, 2020 21:41
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This is the worst limerick I've ever seen.
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Oct 9, 2020 22:08
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buttcoin
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Oct 10, 2020 21:43
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Honky Dong Country posted:buttcoin 
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Oct 10, 2020 23:06
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Say, I think this sharp fella might be on to something here!
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Oct 11, 2020 20:31
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idgi, why does anyone need a CBDC? What problem is it trying to find? The vast majority of cash isn't in a physical form. Depending on the economy the consumer is going to be using digital methods to pay for almost everything thing and each other with EFTPOS, credit cards or mobile. Hell I have never gotten a pay cheque, always a payslip as it goes straight to my bank account. Interbank transactions are digital. Like what makes a CBDC special other than buttcoin?
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Oct 12, 2020 01:14
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oohhboy posted:idgi, why does anyone need a CBDC? What problem is it trying to find? The vast majority of cash isn't in a physical form. Depending on the economy the consumer is going to be using digital methods to pay for almost everything thing and each other with EFTPOS, credit cards or mobile. Hell I have never gotten a pay cheque, always a payslip as it goes straight to my bank account. Interbank transactions are digital. Like what makes a CBDC special other than buttcoin? *psst* nothing whatsoever. Unless you are literally a banker, it's back-end plumbing you have zero reason to give a hoot about.
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Oct 12, 2020 09:46
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divabot posted:*psst* nothing whatsoever. Unless you are literally a banker, it's back-end plumbing you have zero reason to give a hoot about. The only time we care is when it's compromised and we get a hilarious retrospective about how it turns out the only reason it didn't happen before is nobody outside the 12 major banking groups knew all you had to do to get an arbitrary amount of cash wired to you was the digital equivalent of 'gieb money plz' in the correct format to the right system.
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Oct 12, 2020 11:15
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Methylethylaldehyde posted:The only time we care is when it's compromised and we get a hilarious retrospective about how it turns out the only reason it didn't happen before is nobody outside the 12 major banking groups knew all you had to do to get an arbitrary amount of cash wired to you was the digital equivalent of 'gieb money plz' in the correct format to the right system. You think this is hyperbole, but it ain’t. Swift is hilariously broken and basically a straw for criminals to suck money out of banks (including the one I work for).
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Oct 12, 2020 19:38
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The Rabbi T. White posted:You think this is hyperbole, but it ain’t. Swift is hilariously broken and basically a straw for criminals to suck money out of banks (including the one I work for). That's the name of it! I remember reading something a while back where some criminals managed to make a fake bank and got tons of overnight lending given to them via it before disappearing that same night. Or something to that effect.
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Oct 13, 2020 21:41
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At one of my previous jobs at a fund manager we'd get million dollar buy/sell orders via fax and the only verification was checking the sender's name/number at the top of the page matched what we had on file for that client. You know the freetext string you configure in your fax
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Oct 15, 2020 14:54
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He's gonna get shanked lol
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Oct 15, 2020 14:58
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Holy poo poo, the mail exchange of Ross Ulbricht "buying" multiple assassination from a guy pretending to be the Hell's Angels leader is absolutely insane and beyond parody and everyone should read it. From the very beginning it's clear that everyone involved, the "victims", their business partners and the HA assassins are just the same guy running a scam and don't really exist, but Ulbricht bites immediately and just starts sending the "HA leader" hundreds of thousands of dollars in bitcoins after exchanging only two emails with him. At one point the HA leader tries peddling him all kinds of ~special deals~, discounts and upgrade packages and ulbricht just wires him 500k(that was for a special package deal for ordering hits in bulk (4 at once) cause then the Hell's Angels Organization could save on travel expenses for their out of town hitmen and pass the savings on to him) There is definitely something wrong with Ulbricht. Either the dude is mentally impaired or a high functioning autists or something
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Oct 15, 2020 15:31
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It's what happens when an asocial programming whiz kid gets involved with anyone possessing criminal soft skills.
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Oct 15, 2020 21:17
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GABA ghoul posted:
From a rich family, so strong "how much could a banana cost, $10?" Energy. If the fake hitman/victim came forward, what kind of charges could be laid against him?
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Oct 15, 2020 22:10
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maybe fraud, because he never intended to provide the services being offered. probably tax evasion lol
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Oct 15, 2020 22:17
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this is perfectly normal, it happens with banks all the time that one guy being arrested means everything shuts down and you can't get your money any more
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Oct 16, 2020 20:58
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divabot posted:this is perfectly normal, it happens with banks all the time that one guy being arrested means everything shuts down and you can't get your money any more Is crypto at the point of replaying the Savings and Loan Crisis or did they already blunder through that episode of rediscovering and re-enacting every problem of capitalism to date? https://en.wikipedia.org/wiki/Savings_and_loan_crisis
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Oct 16, 2020 21:03
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cryptcurrency
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Oct 16, 2020 21:23
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The White Dragon posted:cryptcurrency 
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Oct 17, 2020 03:55
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CaptainSarcastic posted:Is crypto at the point of replaying the Savings and Loan Crisis or did they already blunder through that episode of rediscovering and re-enacting every problem of capitalism to date? crypto exchanges go insolvent all the time, and their owners grabbing for desperate gambles that lose even more money is also common. and you can't have a failure of regulation if you never had regulation in the first place. *taps head* Anyways, crytpo has finished with repeating every known failure in the history of real world finances; Defi is now re-enacting a financial fraud that exists in Eve Online.
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Oct 21, 2020 06:16
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Klyith posted:Anyways, crytpo has finished with repeating every known failure in the history of real world finances; Defi is now re-enacting a financial fraud that exists in Eve Online. Would appreciate a link to a companion piece to this. I don’t play EO, but I will admit as an MMO player since EQ day 1, Eve has always been a lot of fun to read about post-happening with wisdom of hindsight and a “wrapping up” finish when the scam or meta is resolved (much how being a caregiver to my 98/95 yo grandmothers with Alzheimer’s means I sit in front of Memaw’s TV a lot). My favorite show now is American Greed on Court TV. It’s always a Ponzi.
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Oct 21, 2020 15:34
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Has ghostits shown up with another meaningless graph? I feel like a bunch of unexplained squiggles on unmarked axes will surely rebut this point.
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Oct 21, 2020 15:46
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A big theme with bitcoiners is that they're stupid, but they think they're smart and everyone else is dumber than they are, so they're constantly ripping off each other with obvious scams, and think that other people will be impressed by random charts and buzzwords that don't mean anything. Reminded of that r/relationships post where a guy is trying to lie to his girlfriend but sucks at it, when she points out he's trying to pass off an old cable box as a laptop he just stares and goes. "...how do you always catch me?"
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Oct 21, 2020 15:53
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kw0134 posted:Has ghostits shown up with another meaningless graph? I feel like a bunch of unexplained squiggles on unmarked axes will surely rebut this point. Number appears to have gone up so expect him to show up to gloat again soon.
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Oct 21, 2020 17:35
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