Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
Armitage
Aug 16, 2005

"Mathman's not here." "Oh? Where is he?" "He's in the Mathroom."
We all talk about buttcoin but it's the blecchchain that's the problem

Adbot
ADBOT LOVES YOU

HugeGrossBurrito
Mar 20, 2018
buttcoin mind on the cockchain haha im humorous

strange feelings re Daisy
Aug 2, 2000

https://twitter.com/AXE/status/1384614939713806336?s=20
Aahahahahahahahahahahahahahaha

Armitage
Aug 16, 2005

"Mathman's not here." "Oh? Where is he?" "He's in the Mathroom."

HugeGrossBurrito posted:

buttcoin mind on the cockchain haha im humorous

drat it I did not think of that, that is a good one. you are very humorous

Code Jockey
Jan 24, 2006

69420 basic bytes free

I hate 2021

Galewolf
Jan 9, 2007

The human gallbladder is indeed a puzzle!
This will probably not make in the news anywhere else in the world but today CEO one of the Shitcoin/Crypto exchanges in Turkey bailed out to Thailand by stealing wallets of everyone. There are some numbers but it's been estimated at $2 billion worth of crypto got stolen.

The reason why that random exchange had that much money is Turkey was going through a massive economic collapse for the last two years and crypto became the only investment that wasn't taxed by the government (because they couldn't, not because they wouldn't). For perspective, 1 Turkish moonbucks = 0.12 dollars, 1 Dogecoin = 0.33 dollars.

I'm not sure if the 2 bil is correct but even conservative estimates are around hundreds of millions.

CaptainSarcastic
Jul 6, 2013



Galewolf posted:

This will probably not make in the news anywhere else in the world but today CEO one of the Shitcoin/Crypto exchanges in Turkey bailed out to Thailand by stealing wallets of everyone. There are some numbers but it's been estimated at $2 billion worth of crypto got stolen.

The reason why that random exchange had that much money is Turkey was going through a massive economic collapse for the last two years and crypto became the only investment that wasn't taxed by the government (because they couldn't, not because they wouldn't). For perspective, 1 Turkish moonbucks = 0.12 dollars, 1 Dogecoin = 0.33 dollars.

I'm not sure if the 2 bil is correct but even conservative estimates are around hundreds of millions.

This is good for Bitcoin because

duffmensch
Feb 20, 2004

Duffman is thrusting in the direction of the problem!
The scamming cycle continues!

Galewolf
Jan 9, 2007

The human gallbladder is indeed a puzzle!
Lmaoing at the people :qq:-ing for the government to bail them out on the forums/social media.

Also, added bonus: The CEO also stole critical id data of all users including scans of their national id cards of like hundreds of thousands people.

Galewolf
Jan 9, 2007

The human gallbladder is indeed a puzzle!
"The exchange, which has been operating since 2017, said in an undated statement on its website that it decided to allow outside investment to serve clients better. Services will remain shut for about five working days while the share transfer is completed, but users needn’t worry about their investments, it said."

Funds are safe bro, don't worry just gonna restart the computer and be back in 5 days.

Bloomberg has a very short English coverage if you want to have a look:

https://www.bloomberg.com/news/articles/2021-04-21/crypto-users-bicker-after-turkish-exchange-abruptly-goes-silent

hbag
Feb 13, 2021

making me paranoid and wanting to move my crypto to an external wallet but that'd mean doing an actual transaction on the network rather than binance just switching around who owns what internally without actually moving anything
and in doing that i would be contributing to the hosed energy consumption

also transfer fees

spunkshui
Oct 5, 2011



hbag posted:

making me paranoid and wanting to move my crypto to an external wallet but that'd mean doing an actual transaction on the network rather than binance just switching around who owns what internally without actually moving anything
and in doing that i would be contributing to the hosed energy consumption

also transfer fees

Cash out and don't participate.

Problem solved!

Space Camp fuckup
Aug 2, 2003

Crypto is fun if you treat it like gambling

hbag
Feb 13, 2021

spunkshui posted:

Cash out and don't participate.

Problem solved!

god no i need something to stimulate my lizard brain with "number go up" or ill be hanging on by a loving thread mentally

Space Camp fuckup posted:

Crypto is fun if you treat it like gambling

this too, ive been doing margin trading which is quite literally just gambling

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

hbag posted:

god no i need something to stimulate my lizard brain with "number go up" or ill be hanging on by a loving thread mentally


this too, ive been doing margin trading which is quite literally just gambling

Just play an idle game

Space Camp fuckup
Aug 2, 2003

I doubled my money on stupid loving dogecoin. There’s some serious money to be made if you time things right. The trick is you have turn off the reasoning part of your brain and just try to guess what other people might be thinking.

Code Jockey
Jan 24, 2006

69420 basic bytes free

hbag posted:

god no i need something to stimulate my lizard brain with "number go up" or ill be hanging on by a loving thread mentally



RPGs, MMOs, etc


e. in the Disgaea series you can get real big numbers to happen

hbag
Feb 13, 2021

i also want to use the cool number that go up to buy things and i don't have a job

and something tells me not many places are hiring 18 year old university students in the middle of a pandemic

looked around for ways to make money online via freelancing or some poo poo but i havent found much that im qualified for lmao

Bright Bart
Apr 27, 2020

False. There is only one electron and it has never stopped

Galewolf posted:

I'm not sure if the 2 bil is correct but even conservative estimates are around hundreds of millions.

I like that cryptocurrency makes reality the hypothetical game of "how much money would I need to put on this table I am paying you a very nice salary to guard, until you decide it's worth stealing and being on the run for the rest of your life".

e: Is being a billionaire that much better than being a multi-millionaire? Like if I offered you the choice between two suitcases, one with a million dollars all perfectly above board and that you get to enjoy however you like v. the other with a billion dollars of stolen cryptocurrencies you'll have to abscond with and duck angry owners over?

Bright Bart fucked around with this message at 03:41 on Apr 22, 2021

PhazonLink
Jul 17, 2010
just help find larger prime numbers or other numbers for mathematicians.

ymgve
Jan 2, 2004


:dukedog:
Offensive Clock

Bright Bart posted:

I like that cryptocurrency makes reality the hypothetical game of "how much money would I need to put on this table I am paying you a very nice salary to guard, until you decide it's worth stealing and being on the run for the rest of your life".

e: Is being a billionaire that much better than being a multi-millionaire? Like if I offered you the choice between two suitcases, one with a million dollars all perfectly above board and that you get to enjoy however you like v. the other with a billion dollars of stolen cryptocurrencies you'll have to abscond with and duck angry owners over?

with a billion dollars you can try to launder through 1000 different methods and if more than one of them works you come out on top



would probably result in getting scammed 1000 times of course

Jose Valasquez
Apr 8, 2005

Space Camp fuckup posted:

I doubled my money on stupid loving dogecoin. There’s some serious money to be made if you time things right. The trick is you have turn off the reasoning part of your brain and just try to guess what other people might be thinking.

I doubled my money playing roulette and used a fraction of the energy

Nessus
Dec 22, 2003

After a Speaker vote, you may be entitled to a valuable coupon or voucher!



Bright Bart posted:

I like that cryptocurrency makes reality the hypothetical game of "how much money would I need to put on this table I am paying you a very nice salary to guard, until you decide it's worth stealing and being on the run for the rest of your life".

e: Is being a billionaire that much better than being a multi-millionaire? Like if I offered you the choice between two suitcases, one with a million dollars all perfectly above board and that you get to enjoy however you like v. the other with a billion dollars of stolen cryptocurrencies you'll have to abscond with and duck angry owners over?
I'd go for the million but if you want to make this balance, make it ten milly for the full "you can live like a lord for the rest of your life" experience. A million just doesn't go as far as it used to.

Space Camp fuckup
Aug 2, 2003

Jose Valasquez posted:

I doubled my money playing roulette and used a fraction of the energy

Yeah that’s fun too

salt shakeup
Jun 27, 2004

'orrible fucking nights

Galewolf posted:

"The exchange, which has been operating since 2017, said in an undated statement on its website that it decided to allow outside investment to serve clients better. Services will remain shut for about five working days while the share transfer is completed, but users needn’t worry about their investments, it said."

Funds are safe bro, don't worry just gonna restart the computer and be back in 5 days.

Bloomberg has a very short English coverage if you want to have a look:

https://www.bloomberg.com/news/articles/2021-04-21/crypto-users-bicker-after-turkish-exchange-abruptly-goes-silent

https://www.youtube.com/watch?v=DelF6zEHXpE[

Fur20
Nov 14, 2007

すご▞い!
君は働か░い
フ▙▓ズなんだね!

hbag posted:

i also want to use the cool number that go up to buy things and i don't have a job

cant take it with you just spend it on lovely retro games and furry porn. i guarantee you'll have more fun than just making the number bigger until you die.

as an added bonus, in 1000 years, college students will be hemming and hawing over what it all means

Honky Dong Country
Feb 11, 2015

buttcoin

spunkshui
Oct 5, 2011



hbag posted:

i also want to use the cool number that go up to buy things and i don't have a job

Have you considered the cool number might go down rapidly due to people wanting to spend their profits on all the fun poo poo that used to be open?

ohnobugs
Feb 22, 2003


hbag buy stocks and drugs

CaptainSarcastic
Jul 6, 2013




:hmmyes:

Knot My President!
Jan 10, 2005

my brain is broke and i'm seriously considering making a bitfi account

wealthfront checking APY is like 0.1% right now meaning I make 3x more per month by selling a single loving $6 sticker on Etsy :negative:

Paladinus
Jan 11, 2014

heyHEYYYY!!!
HANDOZU A- SEIHU

Collateral Damage
Jun 13, 2009

hbag posted:

god no i need something to stimulate my lizard brain with "number go up" or ill be hanging on by a loving thread mentally
Just stuff your money in a mutual fund. Number go up, you're not destroying the environment, and your money gets managed by actual adults.

Galewolf
Jan 9, 2007

The human gallbladder is indeed a puzzle!

Was referencing to that video lmao.

Welp, it's official that the guy made a runner. Exact amount stolen is unknown but the users are numbered at 310k.

People before they got robbed: Crypto is the future maan, I quadrillioned my money, government can suck a fat one for trying to tax and regulate this poo poo.

People after got robbed: The government has to send secret service agents to Thailand to bring back this man and our money :qq:

How did this absolutely unregulated shitcoin "exchange" found by a guy who looks like he was an ice cream seller could do this to us.

Also people saying things like "You should've used something trustworthy like Binance" or "You should've used [another scam exchange] here's a link to free dogecoins" is just :discourse:

Bright Bart
Apr 27, 2020

False. There is only one electron and it has never stopped

Collateral Damage posted:

Just stuff your money in a mutual fund. Number go up, you're not destroying the environment, and your money gets managed by actual adults.

SMH. Is it plausible for a mutual fund to go up 4000% within a year? With crypto, it's plausible. Sure it's not probable. But plausible. You got your lotto ticket and that's more exciting than a treasury bond.

Also, with the price of coin oscillating wildly number going down by a lot frequently means number also going up by a lot frequently before it even really starts to pump!

xtal
Jan 9, 2011

by Fluffdaddy

Collateral Damage posted:

Just stuff your money in a mutual fund. Number go up, you're not destroying the environment, and your money gets managed by actual adults.

What mutual fund are you using that doesn't destroy the environment?

Collateral Damage
Jun 13, 2009

xtal posted:

What mutual fund are you using that doesn't destroy the environment?
You could probably put your money in Dr Evil's Doomsday Investment Fund and it would be better for the planet than bitcoin.

xtal
Jan 9, 2011

by Fluffdaddy
The most widely recommended index funds all have Nestle and various energy companies in them; unless you're using a green fund with worse MER and returns, you're damaging the environment and in the case of Nestle literally killing poor people.

Fame Douglas
Nov 20, 2013

by Fluffdaddy
Bitcoin, Ethereum etc. are way worse. They're just damaging the environment for no benefit at all and causing critical component shortages. At least Nestle produces products people want.

Also, multiple things can be bad at the same time; with Bitcoin always being the worst.

Fame Douglas fucked around with this message at 14:35 on Apr 22, 2021

Adbot
ADBOT LOVES YOU

Stanley Pain
Jun 16, 2001

by Fluffdaddy
so who's up for destroying their SSDs with chia?

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply