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drk posted:Supposed capture of the blog before they deleted everything: I imagine their lawyer running into their office yelling "gently caress gently caress gently caress" to tell them to delete this like that crow-lawyer comic. Maybe their lawyer is that crow.
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Sep 8, 2021 17:35
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Zero One posted:I imagine their lawyer running into their office yelling "gently caress gently caress gently caress" to tell them to delete this like that crow-lawyer comic. They basically redefine it in their own terms in such a way that it probably still falls under the legal definition of a security. They've screwed themselves over here.
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Sep 8, 2021 18:13
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Animal control picked up the tiger living in my inner city apartment today. Told me it was an illegal exotic animal. I asked them how could I make it not exotic and just got a blank stare. Animal control invites us to the table but where's the dialog?
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Sep 8, 2021 18:33
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I'm not holding my breath for any meaningful enforcement action from the SEC.
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Sep 8, 2021 21:11
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Strong Sauce posted:evergrande is imploding right now. "Evergrande" sounds like something you can order at the Taco Bell in the Hogwarts student union.
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Sep 8, 2021 22:02
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They didn't delete anything, the link to their Medium is just hosed. It's still right here.
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Sep 8, 2021 23:25
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You know your regulatory agency is cucked when it just threatens to sue, lmao
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Sep 8, 2021 23:45
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Ad by Khad posted:there's currently a huge banking sector crisis in afghanistan and the banks cant open out of fear of a run on the currency I'm not sure about your second point though. If whoever afghan citizens have crypto funds, selling them for dollars and transfering them to an online account like PayPal or Payoneer would be a viable option to get some dollars in a crumbling economy. The problem would be living in Afghanistan and having your money tied to online services, which seems to be a major issue right now. Bleusilences posted:If bitcoin goes down under 10k there is no way up, I hope that happen so all this crap can finally stop. This Ponzi scheme is as big as Herbalife right now, unless coinbase, binance and whatever else are literally shutdown, it'll never be over. We'll never have decently priced graphics cards again.
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Sep 9, 2021 01:28
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Mans posted:We'll never have decently priced graphics cards again. Intel is making their own graphics card and should be released later this year or beginning of next. So hopefully it drives prices down. Hopefully. 
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Sep 9, 2021 01:31
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More amusing commentary on Coinbase: Coinbase gets a wells notice and decides to dig up
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Sep 9, 2021 03:36
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Durzel posted:A friend of mine alerted me to this - "Loot for Adventurers" https://opensea.io/collection/lootproject The answer is, as always, money laundering and selling to themselves to make it look like there's demand.
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Sep 9, 2021 08:40
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drk posted:More amusing commentary on Coinbase: Coinbase gets a wells notice and decides to dig up quote:My read of the situation is that the SEC intends to sue Coinbase regardless of whether they launch their Lend program or not – you don’t get a Wells Notice for something you are considering doing, you get one for deeds you’ve already done. I always figured that Circle-going-public-via-SPAC was their fancy version of an exit scam. Maybe that deal doesn't close now, but I doubt it'll be because they walk away voluntarily.
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Sep 9, 2021 13:17
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Sep 9, 2021 14:22
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Zil posted:Intel is making their own graphics card and should be released later this year or beginning of next. So hopefully it drives prices down. I can't imagine them actually being any good, though. And wouldn't they still use the same silicon chips that there just aren't enough of? I don't see COVID going away any time soon and that's a pretty big factor in the scalping. I think card manufacturers will probably try to get away with charging more, but when people don't bite (because they're not forced to like they are right now) then they'll likely need to drop back to a reasonable price in order to sell enough to keep money coming in. Unless they go full on Games Workshop and perpetually increase their prices to make up for people no longer buying, I guess
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Sep 9, 2021 14:42
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I don't have anything citable, but the Chinese paper theory is based on strong rumours (for what that's worth), not throwing darts at current news stories Bitfinexed does have going for him an excellent track record of apparently wild claims that turn out to have been 100% true, so
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Sep 9, 2021 15:43
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divabot posted:Bitfinexed does have going for him an excellent track record of apparently wild claims that turn out to have been 100% true, so “Wild claims?” On Bitcoiin Twitter? Surely you jest.
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Sep 9, 2021 16:25
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i am so sick of this loving dog meme... like please just gently caress off
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Sep 9, 2021 18:23
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Audit passed!
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Sep 9, 2021 18:37
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Paladinus posted:Audit passed! I got curious as to what an "audit" of a silly shitcoin scheme looks like, and I was not disappointed: quote:Conclusion Hey y'all, Smart Contract Auditors here, we'd appreciate some feedback on what our job is supposed to be, let us know if we forgot to look at something, or whatever
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Sep 9, 2021 19:11
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hyper-deflationary currency sounds like a nightmare, what's the use case as medium of exchange when the creators explicitly acknowledge it rewards people who never circulate it? it's like they're not even trying to hide that it's just a vehicle for speculation for idiots. "we designed it so number only go up"
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Sep 9, 2021 19:17
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GhostofJohnMuir posted:hyper-deflationary currency sounds like a nightmare, what's the use case as medium of exchange when the creators explicitly acknowledge it rewards people who never circulate it? it's like they're not even trying to hide that it's just a vehicle for speculation for idiots. "we designed it so number only go up" The use case is for the creators to get a bunch of idiots to buy the shitcoin and then cash out once the price goes up. The creators probably have trillions of the coins and are now at the pump stage. If you have no ethics it's a good way to make a lot of money
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Sep 9, 2021 19:30
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GhostofJohnMuir posted:hyper-deflationary currency sounds like a nightmare, what's the use case as medium of exchange when the creators explicitly acknowledge it rewards people who never circulate it? it's like they're not even trying to hide that it's just a vehicle for speculation for idiots. "we designed it so number only go up" Many projects have previously offered some sort of fig leaf to wider utility, in order to imbue the thing with some notional future value beyond selling for a higher price. Even that’s too much effort now.
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Sep 9, 2021 19:44
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Blotto_Otter posted:The current code base is well organized but there are promptly some low-level issues since they're presumably talking in terms of programming, holy poo poo that's a smart way to phrase "no loving clue." a low-level issue in a jrpg means "your stats aren't high enough." a low-level issue in code means, "we have absolutely no idea what's happening at the level of basic systems access"
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Sep 9, 2021 20:29
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Fur20 posted:since they're presumably talking in terms of programming, holy poo poo that's a smart way to phrase "no loving clue." Or like "these motherfuckers rolled their own security and we're not qualified to analyse it, but they're paying us a lot"
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Sep 9, 2021 20:35
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also what the gently caress does promptly mean in that sentence, why is it there edit: ok i read the audit. it really is just some buttcoin nerds with basic software experience throwing together a word salad and doing a little quality assurance and trying to act like they're professional. "yes, this code works with this other code (as far as we can tell, we are not liable for anything we say)" but across a dozen pages for some reason. lol audit passed! Mimesweeper fucked around with this message at 23:09 on Sep 9, 2021 |
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Sep 9, 2021 23:03
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Fame Douglas posted:You know your regulatory agency is cucked when it just threatens to sue, lmao In fairness, almost every federal regulatory body is both dramatically understaffed and underfunded. On top of that, there are legions of morons willing to go after regulators for not stopping problems they were ever equipped to handle, who then take that assertion as a reason why the SEC should be abolished. This is saying nothing of the “innovation stifling” argument which is too stupid for me to learn how to best address. It’s been spoken about by smarter people so I’ll just recommend everyone read the usual cryptoskeptic bloggers like Gerard, Castor, Tomlin, Piancey et al.
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Sep 9, 2021 23:33
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Juul-Whip posted:i am so sick of this loving dog meme... like please just gently caress off Seeing “hyper-deflationary” runs a smart contract on my neuronchain that makes me remember everything I know about the Japanese Lost Decade as fast as cognition allows.
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Sep 9, 2021 23:38
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Nice code, bro.
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Sep 10, 2021 02:21
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I love how coinerz just assume deflate is good because inflate is bad. Also dont ask what/how exactly is bad or good.
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Sep 10, 2021 03:00
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Paladinus posted:Nice code, bro. Do you keep it trimmed so it looks bigger?
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Sep 10, 2021 04:10
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As someone that works in a highly regulated industry, I love how people that aren't toss around "audit" like every single audit is forensic accounting done by PricewaterhouseCoopers in a multi-billion dollar lawsuit. Like, sometimes it's, yep, that document sure is there in that file, yep, that definitely is a 2 digit number where a two digit number should be, well, you certainly have a form for that thing you did. Sure, there are audits where I spend days going over files with a fine tooth comb making sure every i is dotted and there isn't a misplaced comma and if it isn't I have a drat good explanation why it isn't and there are audits where it's like make sure my I have updated my personnel file with that training I did on if eating broken glass is potentially dangerous. Three Olives fucked around with this message at 05:45 on Sep 10, 2021 |
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Sep 10, 2021 05:41
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I got curious about NFTs and checked out rarible and opensea, to see how the process works and what their cut is. The hosed up thing I didn't realize is, you have to pay upwards of $100 to register your "art" on the chain, or it's not showing up on the site. So if you thought you could sell cute crap for $5 bucks, well, think again. Teh house always wins.
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Sep 10, 2021 09:31
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Juul-Whip posted:i am so sick of this loving dog meme... like please just gently caress off lol, in a previous life, i was a trained ISO 9001 auditor and i can absolutely guarantee you that no cryptocurrency can pass an actual legitimate audit.
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Sep 10, 2021 19:41
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https://twitter.com/sovereignmining/status/1433807746961264644
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Sep 11, 2021 13:22
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Three Olives posted:As someone that works Wtf
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Sep 11, 2021 15:40
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Everything about this is perfect. Meet Mr. Goxx, the crypto daytrader: https://www.youtube.com/watch?v=i5scs_NWTSg
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Sep 11, 2021 16:51
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This is some galaxy brain bullshit
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Sep 11, 2021 16:59
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Calling things you don't like online "a religion" is incredibly dumb, but goddamned if I don't read pure religious overtones to that tweet.
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Sep 11, 2021 17:32
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Did we do Inside the cult of crypto yet? Cause it sure sounds like a religious movement based on some of what's in there. I'm just glad that there's no crossover between QAnon and Bitcoin yet.
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Sep 11, 2021 17:40
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The line between cult, pyramid scheme and scam has always been fuzzy. Bitcoin is more a decentralised hysteria/conspiracy theory like gold and silver bugs or Iraqi dinars that any scammer can latch onto with ready-to-go blueprints for their grift.
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Sep 11, 2021 17:46
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