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divabot posted:How El Salvador's Bitcoin Day went.
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Sep 8, 2021 00:32
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| # ? May 30, 2024 12:29 |
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divabot posted:How El Salvador's Bitcoin Day went. Thanks for the ongoing summary. Makes it a lot easier to see how bad it’s going.
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Sep 8, 2021 01:01
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divabot posted:How El Salvador's Bitcoin Day went. Pro-click... IRL comedy gold with much more to come.
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Sep 8, 2021 01:45
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bitfinex threads are.. interesting. https://twitter.com/Bitfinexed/status/1435390934045315074 https://twitter.com/Bitfinexed/status/1435293905625489412 and this whole thread about the possibility that tether (having previously been ripped off by crypto capital) has too much money in china to the point where their chinese counterparts may just gently caress them over since tether has no recourse https://twitter.com/Bitfinexed/status/1435419301645799433
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Sep 8, 2021 03:30
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I've tried to find it for ages, saw it on these forums (probably c-spam or maybe BFC?) months ago - was a Twitter post of some guy filming his candles wildly fluctuating up and down while he was going YES oh no YEEESSS oh no nooooo YES oh please God no in what sounded like a very bad indian accent impression? Anyone?
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Sep 8, 2021 03:57
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Bitfinixed is good to follow but he mixes things that are definitely true with things that are pure speculation. The evergrande bit he's been on for a while now is an interesting story. But, he clearly has no evidence Tether holds evergrande debt other than "they wont deny it", which is a lazy argument. Most likely Tether's fraud is quite a bit more boring than some of the wild conspiracy theories that get floated. They probably hold a lot of questionable debt issued by related and associated parties, like the exchanges and trading firms that are their major (only?) customers.
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Sep 8, 2021 04:09
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The tether scam is much simpler than anyone can imagine: it just says in the legal disclosure that owning tether does not entitle you to any US currency. That’s it.
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Sep 8, 2021 04:24
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I don't know Bitfinexed, I'm just a casual mocker of buttcoins, but I do know that Jennifer Zeng account they're quoting is an incredibly dubious source that nobody should be touching with a bargepole. An Epoch Times associated insane conspiracy theorist who is terrible at showing provenence of the materials, and adds her own layer of bullshit she on top. That's not to say there isn't factual material in her posts, but good luck separating it from the pile of poo poo it has been served in.
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Sep 8, 2021 04:26
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https://twitter.com/coinbase/status/1435448395091615747 lol, coinbase getting sued by the SEC then pretending they've never heard of the howey test. Link doesnt work, their blog completely disappeared shortly after this was posted.
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Sep 8, 2021 05:00
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ron paul its happening dot gif
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Sep 8, 2021 05:38
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Supposed capture of the blog before they deleted everything: You see, our customers aren't "investing", they're lending in exchange for interest payments
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Sep 8, 2021 05:52
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drk posted:Supposed capture of the blog before they deleted everything: This is one of the most pathetic things I've ever read.
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Sep 8, 2021 06:39
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This is the perfect climate for a "mystic"/grifter like Uri Geller to resurface. If I were him I would run pump and dump scams on shitcoins based on his mystical ability to see the future value of these shitcoins
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Sep 8, 2021 06:56
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oh god I really want Miss Cleo to come back for bitcoins
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Sep 8, 2021 07:04
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KinkyJohn posted:This is the perfect climate for a "mystic"/grifter like Uri Geller to resurface. If I were him I would run pump and dump scams on shitcoins based on his mystical ability to see the future value of these shitcoins this is pretty much a perfect description for every crypto hypeman with a blog
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Sep 8, 2021 07:13
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KinkyJohn posted:This is the perfect climate for a "mystic"/grifter like Uri Geller to resurface. If I were him I would run pump and dump scams on shitcoins based on his mystical ability to see the future value of these shitcoins 100%, he'll grift some good bucks from this
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Sep 8, 2021 07:36
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Code Jockey posted:oh god I really want Miss Cleo to come back for bitcoins Well, you'll need a psychic to contact your psychic then.
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Sep 8, 2021 07:55
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Regrettable posted:Well, you'll need a psychic to contact your psychic then. miss cleo giving cryptocurrency market predictions from beyond the grave is the cyberpunk future I yearn to exist in
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Sep 8, 2021 08:04
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hey rich bitcoinpeople if youre so rich why dont you send me ten thousand dollars
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Sep 8, 2021 09:26
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drk posted:Supposed capture of the blog before they deleted everything: It's really hard to overstate how stupid all of this is. Here is a tweet: https://twitter.com/brian_armstrong/status/1435439543692365828 And basically the CEO OF COINBASE either is playing extremely dumb, sort of like cosplaying a sovcit or he is genuinely confused by how the thing he is doing is the thing he is doing. How, just how, could it be possible that something that holds financial value could be a security? This is all so tough to watch it is so stupid.
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Sep 8, 2021 10:06
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codswallop posted:There’s an article in The Guardian today you’ll all enjoy, about the Seavangelists starting a Seavilisation underpinned by Bitcoin These are basically my favorite articles, Libertarians who try to set up shop and then it all implodes. I just love it. My absolute favorite ones are where in the end they basically say "Well I'm going to sue".
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Sep 8, 2021 10:08
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KinkyJohn posted:This is the perfect climate for a "mystic"/grifter like Uri Geller to resurface. If I were him I would run pump and dump scams on shitcoins based on his mystical ability to see the future value of these shitcoins Spooncoin, the currency for the spoon bending economy of the future!
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Sep 8, 2021 10:27
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Parkingtigers posted:I don't know Bitfinexed, I'm just a casual mocker of buttcoins, but I do know that Jennifer Zeng account they're quoting is an incredibly dubious source that nobody should be touching with a bargepole. An Epoch Times associated insane conspiracy theorist who is terrible at showing provenence of the materials, and adds her own layer of bullshit she on top. That's not to say there isn't factual material in her posts, but good luck separating it from the pile of poo poo it has been served in. yeah thanks for that. does look like it is a protest about wages, and about evergrande. i don't think that part is false. it is indeed speculative that tether is buying evergrande commercial paper.. the running theory is that because no one in the US, nor EMEA have ever heard of Tether... there seems to be only one area left that they could buy "international" commercial paper from. especially that much. the obvious hole is how they'd buy chinese commercial paper since tether can't buy directly. what chinese bank would allow them to buy it.. i guess we'll find out soon enough... evergrande is imploding right now.
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Sep 8, 2021 10:29
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so tether alone minted like 2B in funny money today and all the crypto bigwigs got to trade on this info with fake money, and then Coin base goes public with the info that they knowingly did a crime an hour before midnight on the same day. is this some "just make sure you send in $9999 increments so it won't get flagged"-style scheme to not get hit with insider trading charges?
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Sep 8, 2021 10:29
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Strong Sauce posted:yeah thanks for that. When you suddenly wander into Bitcoin superstonk. These wild internet theories always turn out to be entirely bullshit based on combining current news stories.
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Sep 8, 2021 10:30
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codswallop posted:There’s an article in The Guardian today you’ll all enjoy, about the Seavangelists starting a Seavilisation underpinned by Bitcoin Fuckin lol, I lost it at the part where he went on AMA on Reddit and was like yeah you can mine bitcoins in your cabin, but no microwaves due to safety!
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Sep 8, 2021 11:00
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If bitcoin goes down under 10k there is no way up, I hope that happen so all this crap can finally stop. It was funny a few years ago but now it is just upsetting how much the regulators and politiciens are asleep at the wheel.
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Sep 8, 2021 11:33
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bollig posted:It's really hard to overstate how stupid all of this is. “Value” 
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Sep 8, 2021 12:50
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Code Jockey posted:oh god I really want Miss Cleo to come back for bitcoins Hash me now!
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Sep 8, 2021 13:14
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The best way to run a business is to stand in front of the SEC and shout, “I dare you to sue my for breaking financial regulations!”
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Sep 8, 2021 13:19
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Uranium 235 posted:The best way to run a business is to stand in front of the SEC and shout, “I dare you to sue my for breaking financial regulations!” well it works fine for elon musk
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Sep 8, 2021 13:20
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Foo Diddley posted:well it works fine for elon musk Until he went on SNL  
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Sep 8, 2021 14:42
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can I still buy bits on a print out with a scratch off code? was that real or a dream I had
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Sep 8, 2021 14:55
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DerekSmartymans posted:“Value” lmao fair enough
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Sep 8, 2021 15:09
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drk posted:Bitfinixed is good to follow but he mixes things that are definitely true with things that are pure speculation. Agreed, Bitfinexed initially got the big picture right, but their desire to KEEP POSTING combined with the Tether scheme lasting for years longer than they/we anticipated has them slinging lots of pure speculation, some of which probably isn't going to pan out. There's already a wealth of evidence that Tether is a fraud, but that account is determined to climb out on some shaky limbs that are totally unneeded to make a solid case for Tether being a scam. Tether-holds-Evergrande seems possible, but that's it - possible, not proven or even probable. I haven't seen any direct evidence yet that Tether actually holds Evergrande CP, and I don't understand why Bitfinexed has latched onto that explanation over all other possible explanations (including the explanation that they're just lying about the composition and valuation of their reserves, and either don't hold what they claim to hold or are marking it up to an absurd valuation.) Tether the organization is untrustworthy and Tether the token is illegal, unworkable, and nonsensical even if they have good reserves, so I think the obsession with Tether's reserve often misses the forest for the trees. But it's the easiest part of the scheme to explain and understand, so a lot of folks (including Bitfinexed) get too wrapped up in it.
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Sep 8, 2021 15:48
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https://twitter.com/SEC_Investor_Ed/status/1435606347807006728
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Sep 8, 2021 16:06
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Mimesweeper posted:ron paul what's Ftfy.
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Sep 8, 2021 16:19
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the timing of this is a coincidence, but i want to believe
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Sep 8, 2021 16:56
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they’ve posted the same video before, so absolutely on purpose to bring it up again https://twitter.com/sec_investor_ed/status/1418586702801621002
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Sep 8, 2021 17:08
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I'm still laughing at the part where they say "they won't even tell us what's wrong, just something about Howey and Reeves." Glad they reposted the highschool level explanation to help them out.
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Sep 8, 2021 17:14
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