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Lisa, I want to buy your rock
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Aug 23, 2021 18:01
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spunkshui posted:That “hacker” finished returning all of the money today he “stole” in the worlds biggest crypto hacking theft. Did they return based on crypto amount stolen, or monetary value stolen? If they stole it at $30k and returned the same monetary amount when it was $40k, they could have made like $200m “borrowing” the crypto.
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Aug 23, 2021 18:17
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So the COO of Coinbase had some clarifications to make today about the reserves backing USDC: https://twitter.com/emiliemc/status/1429664322725158914 https://twitter.com/emiliemc/status/1429664325208137730 Translation: We lied about the composition of our reserve, sorry about that! Our monthly reserve reports are running a bit late because we realized that we miiight have "pulled a Tether" and accumulated some dodgy assets that we purchased with USDC, but don't worry, we're desperately liquidating those dodgy assets and promise to only hold Good Assets in the future. You can trust us this time, we are definitely listening to our lawyers now. (Well, only some of our laywers, we're still ignoring the ones telling us "USDC is a security in substance if not form, this is an unregistered public securities offering, this is a regulatory nightmare", those guys are a buzzkill.)
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Aug 23, 2021 18:18
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https://twitter.com/SoccerMomTrades/status/1429619870996512768?s=19
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Aug 23, 2021 18:21
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I keep my passwords safe by writing them down and burying them under my birdbath in case I forget them.
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Aug 23, 2021 18:21
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ultrafilter posted:There's nothing like a length cap to make me worry that a site's storing my unhashed password. There's algos out there that only work on the first N characters (bcrypt and NTLM spring to mind) so they might just be knowingly using bad/poorly implemented hashes 
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Aug 23, 2021 18:40
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brb, changing all my passwords to a random number of the first N characters of the John Galt speech
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Aug 23, 2021 18:45
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Gonna mint NFTs of my farts, so they can linger for all eternity.
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Aug 23, 2021 18:49
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So if I were to make an NFT of a stash of drugs, use the drugs, and then sell that NFT to buy more drugs and somehow there is no loss in value? Seems completely stable.
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Aug 23, 2021 18:54
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what if she makes an NFT of herself. Also doesnt Rocko's basilisk say that a copy is the same as the original, thereforehahahahahahahhaha
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Aug 23, 2021 18:57
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https://twitter.com/RealNatashaChe/status/1429577944888979462 this poo poo is just straight up insanity diamonds are already bullshit as stores of value, but imagine proposing to someone by presenting a bit of the blockchain that says you own a bunch of diamonds that sunk to the bottom of the ocean and insisting it was the value equivalent of giving them an engagement ring (i know the current trend in nfts don't even give you actual ownership of anything, i need to ignore their wider stupidity to be able to focus on whatever the gently caress this idea is) edit: the characters in dumb and dumber where financial geniuses, they weren't writing worthless ious, they were just minting a series of physical nfts backed by deceased dollars GhostofJohnMuir fucked around with this message at 19:40 on Aug 23, 2021 |
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Aug 23, 2021 19:38
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She isn't wrong. If I still own nothing in this transaction.
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Aug 23, 2021 19:45
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GhostofJohnMuir posted:https://twitter.com/RealNatashaChe/status/1429577944888979462 this whole concept is so loving stupid but is being presented so matter-of-factly that I feel like I might be having a stroke this is just so stupid it makes me wonder at some level if it is me who doesn't understand something cue that image again I guess lol
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Aug 23, 2021 20:01
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Someone read too much about Rai stones
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Aug 23, 2021 20:05
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GhostofJohnMuir posted:https://twitter.com/RealNatashaChe/status/1429577944888979462 Given how Bitcoin is a speedrun to doom, it makes sense that they'd make a much more dumb version of the paper metals market. E: There never was a diamond.
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Aug 23, 2021 20:13
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In a way she’s correct, since NFTs have zero intrinsic value it’s impossible for it to drop lower.
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Aug 23, 2021 20:15
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The closest real world equivalent to NFT's that I can think of are those novelty certificates that say star NS 76523853 is now officially Greg Smith IV loves mommy. Except instead of "pinky swear we aren't naming the same star thousands of times" now it's "pinky swear by the power of blockchain we aren't selling the same link to.... Well, it really doesn't matter. What matters is that it's unique."
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Aug 23, 2021 20:55
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I still don't understand why you would buy an nft of a diamond, instead of just the diamond itself. Or is the assumption that when you buy thr nft of a diamond, the seller mails the actual diamond to you, too? I doubly don't understand why you would buy an nft of a diamond that was lost in a fire. Like how can this nft have any value to store if nobody wants to buy it?
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Aug 23, 2021 21:25
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Shrimp or Shrimps posted:I still don't understand why you would buy an nft of a diamond, instead of just the diamond itself. Or is the assumption that when you buy thr nft of a diamond, the seller mails the actual diamond to you, too? The value of the diamond is magically transferred to the NFT through the act of paying for it, don't you see?
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Aug 23, 2021 21:35
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quote:Published author since 6 yrs old. only a lifetime in academia can give us a brain this powerful
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Aug 23, 2021 21:41
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Shrimp or Shrimps posted:I still don't understand why you would buy an nft of a diamond, instead of just the diamond itself. Or is the assumption that when you buy thr nft of a diamond, the seller mails the actual diamond to you, too? It's actually all very simple, all of this is: it's valuable because people assume that other people find it valuable. That's it. That's all there is to it.
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Aug 23, 2021 21:43
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The rai stone thing works for a diamond NFT. It makes more sense than art NFTs at least unless this is some galaxy brain take that paying for an art NFT is like locking in the idea that this concept is worth this money even if the physical form is destroyed. Just comes to the point why it's any different than Bitcoin, which neatly packages up all the electrical energy used to burn the land and boil the oceans for use later as electrical rai stones.
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Aug 23, 2021 22:07
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If I make an NFT of my brain and bang my head repeatedly against a brick wall, the NFT will still represent my full intelligence and perception, even as my actual brain is so concussed that I think that tweet makes a good analogy. Few.
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Aug 23, 2021 22:15
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Telarra posted:It's actually all very simple, all of this is: it's valuable because people assume that other people find it valuable. That's it. That's all there is to it.  Please don't mention how actual currency is backed by governments and subsequently their legal systems, militaries, etc.
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Aug 23, 2021 22:19
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divabot posted:If I make an NFT of my brain and bang my head repeatedly against a brick wall, the NFT will still represent my full intelligence and perception, even as my actual brain is so concussed that I think that tweet makes a good analogy. Few. i would be happy to provide my excellent reading voice for your next audiobook, sir. https://soundcloud.com/user-710437758/big-brain https://soundcloud.com/user-710437758/stop-stealing-my-posts tango alpha delta fucked around with this message at 22:44 on Aug 23, 2021 |
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Aug 23, 2021 22:34
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Blotto_Otter posted:So the COO of Coinbase had some clarifications to make today about the reserves backing USDC: At least they've sponsored Jerma's Dollhouse stream before turning into a pumpkin.
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Aug 23, 2021 23:22
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Shrimp or Shrimps posted:I still don't understand why you would buy an nft of a diamond, instead of just the diamond itself. Or is the assumption that when you buy thr nft of a diamond, the seller mails the actual diamond to you, too? I can't tweet a diamond. 
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Aug 23, 2021 23:41
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Who wants to buy these NFTs i've made of some diamonds? The diamonds are a billion carrots each. Yes the biggest in all of existence, but the NFT is so small and portable! I'm sorry the diamond is dead but its NFT lives on so please still pay me.
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Aug 24, 2021 00:54
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Don't worry you can only make one nft from a particular diamond that is why they are valuable, because unique!!!!!
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Aug 24, 2021 01:28
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My coworker just bought one of those Punk NFTs for 7k. “Watch me flip this in 2 months for 200-300%”
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Aug 24, 2021 01:31
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The worlds most flammable diamond, now in convenient blockchain form.
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Aug 24, 2021 01:35
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IG-88 posted:My coworker just bought one of those Punk NFTs for 7k. Let your coworker know I have some nfts for a new bridge they are building and ask if he wants to get in on the ground floor.
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Aug 24, 2021 01:36
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IG-88 posted:My coworker just bought one of those Punk NFTs for 7k. "That's okay, I've got my own copy" Proceed to produce .jpg
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Aug 24, 2021 02:11
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IG-88 posted:My coworker just bought one of those Punk NFTs for 7k. Your coworker is an idiot but the sad thing is that right now there is a really big amounts of idiots and he actually has a decent chance of making money on it. It's incredibly stupid but that hasn't stopped crypto for the last 10 years. I hate this world. When NFT's first got popular after that big sale I took a picture of my dog taking a dump intending to mint an NFT and make a couple of hundred for laughs but then I saw how much gas fees were and gently caress that.
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Aug 24, 2021 03:59
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No one's really going to buy your NFTs though unless you already have a following. But if you're an artist with even a tiny bit of skill and enough followers on insta, you can make a shitton of money for doing nothing.
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Aug 24, 2021 04:17
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D-Pad posted:Your coworker is an idiot but the sad thing is that right now there is a really big amounts of idiots and he actually has a decent chance of making money on it. It's incredibly stupid but that hasn't stopped crypto for the last 10 years. I hate this world. I think if you're just buying it knowing it's stupid but wanting to gamble short term on it I don't think it's really any particularly dumber than any other form of gambling, it's only really dumb if you think like the NFT diamond lady above
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Aug 24, 2021 04:22
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What kinda Diamond gets destroyed in a fire?
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Aug 24, 2021 04:29
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MarcusSA posted:What kinda Diamond gets destroyed in a fire? They're just Carbon, so all of them.
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Aug 24, 2021 04:35
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But if my diamond was destroyed in a fire, and I have fire insurance, then what the hell is the NFT for?
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Aug 24, 2021 09:17
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ymgve posted:This is an Ethereum mining farm though (GPUs stopped being fast enough for Bitcoin mining years ago), and Ethereum is in the process of moving away from GPU mining. It is a fire sale. It's a disaster looking to happen is what it is. A 'DC' running on consumer grade HVAC, in a second floor spare bedroom not rated for rack weights, with half-assed power and zero fire protection. I'd want a structural engineer to determine just how badly the place is hosed before even going inside. Building code for most of the US says minimum live load bearing capability for a bedroom is 30lbs per square foot... Liquid Communism fucked around with this message at 09:29 on Aug 24, 2021 |
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Aug 24, 2021 09:27
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