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LanceHunter posted:You bundle together some (mostly pre-written) code, then you try like hell to get somebody to start accepting exchanges of your coin. Step 2 is get a bunch of tech rags to publish articles about it being "ThE CuRrEnCY of the FuTuRe!!!1!" And see what suckers you reel in.
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Mar 1, 2021 23:57
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| # ? May 29, 2024 19:02 |
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https://www.reddit.com/r/CryptoCurrency/comments/lv32fx/tomochain_stole_25k_tomo_4050k_usd_from_me_while/ Lol (this was on the front page, even I don't read there) xtal fucked around with this message at 00:06 on Mar 2, 2021 |
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Mar 2, 2021 00:04
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Dying for Tomo’s coin profits
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Mar 2, 2021 00:09
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War Wizard posted:Step 2 is get a bunch of tech rags to publish articles about it being "ThE CuRrEnCY of the FuTuRe!!!1!" And see what suckers you reel in. Might also be helpful to give some to Redditors who will then make posts which get 90% "you're a stupid shill" in reply but also 10% "tell me more" replies. That 10% will later power the feedback loop and eventually you may have a thread where everyone is talking about how it'll go to the moon.
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Mar 2, 2021 00:57
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step 3 is advertise your goofy altcoin on a race car
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Mar 2, 2021 01:56
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Ad by Khad posted:step 3 is advertise your goofy altcoin on a race car birdcoin? E: holy poo poo birdcoin exists 
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Mar 2, 2021 02:19
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Hot from CSPAM's China thread:strange feelings re Daisy posted:
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Mar 2, 2021 03:48
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John_A_Tallon posted:Hot from CSPAM's China thread: This is actually good for bitcoin because
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Mar 2, 2021 03:59
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Somfin posted:This is actually good for bitcoin because because now that the biggest mining operations in the world are shut down, small scale home miners can finally come back into style!!!
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Mar 2, 2021 05:02
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So does this put the frisbee on the roof, assuming China and India follow through?
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Mar 2, 2021 05:41
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Nessus posted:So does this put the frisbee on the roof, assuming China and India follow through? For a little bit probably, like a week or 2, the biggest concern for butts would this would make butts et al more vulnerable to a 51% attack while it's out of balance. This is good for bitcoin.
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Mar 2, 2021 06:09
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I hope they seize all the crypto mining farms and melt the machines down for raw materials.
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Mar 2, 2021 11:22
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LanceHunter posted:You bundle together some (mostly pre-written) code, then you try like hell to get somebody to start accepting exchanges of your coin. I've actually thought about this. Seems like a pretty good way to part some dollars from fools.
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Mar 2, 2021 11:33
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Nessus posted:So does this put the frisbee on the roof, assuming China and India follow through? For a bit, but honestly there's enough big money players involved now to get it back off again.
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Mar 2, 2021 11:36
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Those mining farms are probably going to be ran into overdrive to mine as much as possible before the authorities close in, I'd wager.
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Mar 2, 2021 11:36
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a hot gujju bhabhi posted:I've actually thought about this. Seems like a pretty good way to part some dollars from fools. It’s why I ask, because there are like so many coins that were .001-.1 cent just recently that have shot up to like 10 cents this year. If you get on the ground floor or some memey name and have hundreds of thousands of it while its worth has a decimal and then 3+ zeros before any other numbers in it and then it ... no longer has zeros: that’s some easy money for like, nothing. In volume that is. I’m guessing the hardest part now is just finding a meme-winning name. jeeves fucked around with this message at 17:57 on Mar 2, 2021 |
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Mar 2, 2021 17:55
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jeeves posted:It’s why I ask, because there are like so many coins that were .001-.1 cent just recently that have shot up to like 10 cents this year. If you get on the ground floor or some memey name and have hundreds of thousands of it while its worth has a decimal and then 3+ zeros before any other numbers in it and then it ... no longer has zeros: that’s some easy money for like, nothing. In volume that is. you can't plan scams in here, this is the bitcoin thread!
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Mar 2, 2021 19:02
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jeeves posted:It’s why I ask, because there are like so many coins that were .001-.1 cent just recently that have shot up to like 10 cents this year. If you get on the ground floor or some memey name and have hundreds of thousands of it while its worth has a decimal and then 3+ zeros before any other numbers in it and then it ... no longer has zeros: that’s some easy money for like, nothing. In volume that is. I mean, there's a bit of the same cognitive error that caused redditors to think that they should buy thousands of dollars of stocks priced at $0.01, thinking that if the stock ever goes to $0.02 you will have doubled your money. You still have to have someone agree to buy the coins once they've moved from 0.001 cents to 0.1 cent. The quantity of trades among these types of coins is tremendously small, so if you try to offload ten million of your new coin you'll likely drive the price down to nothing. If you really manage to hit the meme wave at exactly the right second, you could make some money. But honestly, with the amount of effort that will have to put into hyping your coin, it is unlikely to be worth it.
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Mar 2, 2021 19:35
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LanceHunter posted:I mean, there's a bit of the same cognitive error that caused redditors to think that they should buy thousands of dollars of stocks priced at $0.01, thinking that if the stock ever goes to $0.02 you will have doubled your money. True. I was just looking at pricing and not like, ability to sell it. If you zoom out enough on most of these loving alt coins they all say like sub .001 price over a year ago.
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Mar 2, 2021 19:42
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Planning your pump and dump on a public forum is definitely a bold move worthy of this thread.
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Mar 2, 2021 19:53
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kw0134 posted:Planning your pump and dump on a public forum is definitely a bold move worthy of this thread. May I interest you in JeevesCoin?
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Mar 2, 2021 21:18
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pump and dump your balls
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Mar 3, 2021 00:22
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jeeves posted:May I interest you in JeevesCoin? Grab their interest and call it kw0134coin.
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Mar 3, 2021 02:55
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Its pretty easy to fork a crypto if you dont actually intend on doing anything. I have forked cryptonote and the hardest part was getting all of the dependencies set up for visual studio.
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Mar 3, 2021 05:09
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ohnobugs posted:pump and dump your balls way ahead of you
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Mar 3, 2021 07:31
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It's too easy losing money on crypto because Reddit threads and Telegram groups, even those that aren't trying to grift you, represent such a low potential of trade volume. You can see a hundred posts about how people are buying X due to Y and see a coinciding uptick in price, but that's the peak. Everyone who is exposed to the "buy now!" messaging has bought. On the other hand you have bull runs where pretty much any coin will double, triple, or more in just a month. Whether that increase will offset what you lost buying at a previous peak is another issue.
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Mar 3, 2021 14:56
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Is this the thread to make fun of NFTs? I'm trying to find the NFT-mocking thread.
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Mar 4, 2021 18:34
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Is that literal pogs on the blockchain? Yeah nfts suck
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Mar 4, 2021 18:58
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Something Awful should get on board with NFTs. Every time you forward this special hello.jpeg to someone I'll torch an acre of rainforest
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Mar 4, 2021 19:44
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Bitcoin's currently sitting at $47,610.37, down over $10k from the all-time high on February 21st. I guess the word about Biden cutting off the next stimulus check at $80k has caused some cash-tightness among the bitcoin demographic.
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Mar 4, 2021 21:16
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I sort of like the idea of a crypto based mesh-network, but I hate their model. https://www.nobleiot.com/
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Mar 5, 2021 05:49
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nomad2020 posted:I sort of like the idea of a crypto based mesh-network, but I hate their model. Oh good now I can enjoy crypto hacks/fraud leaving me penniless and turning out the IOT lights/furnace/locks!
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Mar 5, 2021 06:37
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catspleen posted:Oh good now I can enjoy crypto hacks/fraud leaving me penniless and turning out the IOT lights/furnace/locks! It's the 20% cut that you get for all this trouble that really sells it to me.
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Mar 5, 2021 06:40
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nomad2020 posted:It's the 20% cut that you get for all this trouble that really sells it to me. Sweet Jesus I just tried to read what the gently caress the helium network is and what “helium network tokens” are? So they recently implemented a hard cap on HNTs, but if anyone wants to actually use this network they have to buy HNTs to transfer data and then the HNTs get removed forever? So if anyone actually does what the network is trying to realize instead of hoarding pogs, then number go up I guess?? The mind recoils in horror.
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Mar 5, 2021 06:55
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quote:Anti-virus mogul John McAfee charged with fraud over crypto promotion
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Mar 6, 2021 13:58
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McAfee must really be spiteful for how fukken Musk basically did the same thing but is rich enough to be untouchable. Laffin that crypto stupidity is what they finally pegged this insane person with besides all of his other obviously illegal things.
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Mar 6, 2021 15:34
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Central Florida has it's own bitcoin brain genius criminal. A Florida county tax collector (an elected position that handles property taxes, car registration, and driver's licenses) who has already been charged with various other crimes had an idea... a blockchain idea! https://www.orlandosentinel.com/new...qmhe-story.html quote:Former Seminole Tax Collector Joel Greenberg billed his own office $65,860 last year to buy computer servers for a private company he started to capitalize on blockchain technology, records show. Of course sex with minors was involved: https://twitter.com/orlandosentinel/status/1296847814820089856 He also tried to ransom his own country government for $500k in bitcoin! https://twitter.com/robertjdenault/status/1367628247786262528 He faces 14 federal charges, including stalking, identity theft and sex trafficking of a minor. Plus he violated his bond conditions the other day trying to stalk his wife across the state in the middle of the night. https://twitter.com/orlandosentinel/status/1367210538531446792
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Mar 6, 2021 15:56
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jeeves posted:It’s why I ask, because there are like so many coins that were .001-.1 cent just recently that have shot up to like 10 cents this year. If you get on the ground floor or some memey name and have hundreds of thousands of it while its worth has a decimal and then 3+ zeros before any other numbers in it and then it ... no longer has zeros: that’s some easy money for like, nothing. In volume that is. If a coin goes up from 0.01 to 1 cent it likely has about 250 dollars of liquidity behind it so good luck getting anything out.
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Mar 6, 2021 16:26
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Andy Dufresne posted:Yeah, it seems like an obvious honeypot. Aside from who made it just think about who has the motivation to set up exit nodes. Governments are way more interested and way better funded than the general public. Nessus posted:So does this put the frisbee on the roof, assuming China and India follow through?
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Mar 6, 2021 16:31
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When it comes to McAfee, always remember that he likes to eat poo poo. Literal poo poo. Direct from someones rear end into his mouth.
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Mar 6, 2021 22:45
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