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Why NFTS and crypto poo poo? Three words Decentralize. Financial. Crimes.
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Nov 8, 2021 19:03
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| # ? May 30, 2024 09:45 |
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Reddit's plan:
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Nov 8, 2021 19:04
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https://twitter.com/textfiles/status/1457751651465449475?s=21 I hate everything
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Nov 8, 2021 19:08
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Jose Valasquez posted:https://twitter.com/textfiles/status/1457751651465449475?s=21 I like how essentially they are all positive towards NFTs. Like where is the I think they suck and are fuckin stupid answer?
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Nov 8, 2021 19:10
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Jose Valasquez posted:https://twitter.com/textfiles/status/1457751651465449475?s=21 Saw a poll like this from a newspaper recently. The question was "Do you trade Crypto?" and the options were basically "Yes, a lot", "Sometimes" and "No, I'm too scared".
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Nov 8, 2021 19:11
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So wait, isn't the blockchain limited to very few transactions a second? How is it going to handle all the amount of reddit posts and votes on it?
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Nov 8, 2021 19:11
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I thought Reddit's pointless points was RedditGold not Karma. Also lol at people chasing numbers.
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Nov 8, 2021 19:11
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Zil posted:So wait, isn't the blockchain limited to very few transactions a second? How is it going to handle all the amount of reddit posts and votes on it? It will almost certainly be a "private blockchain" also known as a database
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Nov 8, 2021 19:12
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jokes posted:I can’t imagine what it’s like working in tech right now. Everyone, I’m sure, is convinced THEIR cryptocoin is the best thing and will fix everything and is expending all of their social capital, effort, and time to make their company adopt it if you've been working in that end of tech you've been hopping from one idiotic investment bubble to the next since the pets.com days probably even before that but IDK what the scam du jour was with punchcards and COBOL
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Nov 8, 2021 19:13
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A friend of mine is heavily into this stuff, and listening to him talk about it sounds like someone basically having a conversation peppered with completely random words like CAKE, TOMB, ATLAS, etc, like he's trying to activate me as the Winter Soldier or something. Every time I speak to him he's talking some new token which is apparently simultaneously the best thing in the world that solves a problem no one even knew they had, or realised they could solve before (DeFi solves everything, apparently). I keep hearing him talk about APRs and returns of several hundred or thousand percent. Where the gently caress does this money come from to realise those percentage gains? Is it purely greater fool theory Ponzi schemes on steroids and getting in on it on the ground floor? "Launchpads" are the key, apparently. With regular stocks & shares I understand that gains are basically a function of fundamentals and speculation, etc - but those are "sensible" numbers. I can't for the life of me explain logically how these things create (out of thin air?) hundreds or thousands of percent gains in the space of weeks, etc?
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Nov 8, 2021 19:14
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It's a combination of greater fool theory and pretty naked market manipulation.
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Nov 8, 2021 19:15
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it's a buncha randos repeating all the investment scams they spent the last forty years watching billionaires pull thinking the form of the scam was the important part, not the material assets or the influence to keep your money and stay out of jail when it all goes to poo poo. Throw in a little gambler math where only winnings count, not losses a huge portion of the crypto market is "backed" by organizations like Tether, allegedly in dollars, except turns out they don't actually have those dollars and have been inventing value out of thin air, lol whoopsy A Wizard of Goatse fucked around with this message at 19:34 on Nov 8, 2021 |
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Nov 8, 2021 19:16
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Jose Valasquez posted:https://twitter.com/textfiles/status/1457751651465449475?s=21 
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Nov 8, 2021 19:19
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Jose Valasquez posted:It will almost certainly be a "private blockchain" also known as a database They're saying that they're going on the Ethereum testnet chain and then the main chain. I guess the plan is that they're going to waste the money on the gas, and then later expect people who opt into this poo poo to pay for it. There's some convoluted scheme where the compile every subreddit's points each month and then distribute them to users, so it won't be a token per post or upvote. Beyond that, I'm not assing myself to figure this out.
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Nov 8, 2021 19:53
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look what you made me do: a lot of people have asked me to make NFT games and I won’t because i’m not a loving dumbass. now let me tell you why only a dumbass would get into NFT games. Sorry if this has already been posted but it's a pretty good read.
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Nov 8, 2021 19:56
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Crypto boosters who managed to wrangle a little bit of money out of it are so goddamn insufferably stupid. You aren't special, you weren't prescient, you're not smart, you're gambling. It's okay to just recognize that you're gambling and that you had just as many chances completely outside of your control of losing your rear end on it as anyone else had. You still do!
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Nov 8, 2021 20:04
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Flip Yr Wig posted:They're saying that they're going on the Ethereum testnet chain and then the main chain. I guess the plan is that they're going to waste the money on the gas, and then later expect people who opt into this poo poo to pay for it. Oh, in that case it'll just be vaporware and never actually happen
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Nov 8, 2021 20:09
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tehinternet posted:I wouldn’t care if they did tbh Bill Gates has a lot of useful American dollars. His ex wife verified the poo poo out of that claim. I see your point…
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Nov 8, 2021 20:29
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Durzel posted:A friend of mine is heavily into this stuff, and listening to him talk about it sounds like someone basically having a conversation peppered with completely random words like CAKE, TOMB, ATLAS, etc, like he's trying to activate me as the Winter Soldier or something. Holy poo poo, man, I can’t stop smiling!
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Nov 8, 2021 20:32
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MarcusSA posted:https://twitter.com/iamRahul20x/status/1455950491658117125?t=Qk0P-BDWyunifZuUd-JJNQ&s=19 Lol its been deleted. Was there to much of a negative response to it?
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Nov 8, 2021 20:50
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Jose Valasquez posted:Oh, in that case it'll just be vaporware and never actually happen Vaporwave on the other hand owns bones and is much better than this.
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Nov 8, 2021 20:56
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Oh gently caress sake. I'm on the toilet here, no toilet roll. Can someone pass me some blockchain please.
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Nov 8, 2021 21:01
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https://twitter.com/calvinbecerra/status/1457725639344021522
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Nov 8, 2021 21:38
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Durzel posted:I keep hearing him talk about APRs and returns of several hundred or thousand percent. Where the gently caress does this money come from to realise those percentage gains? Is it purely greater fool theory Ponzi schemes on steroids and getting in on it on the ground floor? "Launchpads" are the key, apparently. Venture Capital firms are investing BILLIONS of USD (not just USDT) into crypto influencer projects that pay writers, artists, and design world people to promote the future of web3 and tokenized propaganda. The playbook is simple, and they’re acquiring "governance" tokens in all these new DAOs, easily making their money back from the other "whale" investors, while still holding large amounts of the speculative tokens. https://www.bloomberg.com/news/articles/2021-06-18/venture-capital-makes-a-record-17-billion-bet-on-crypto-world https://www.vice.com/en/article/dypzbq/surprise-the-future-of-media-involves-a-crypto-based-popularity-contest-mirror vice posted:The editorial team behind Dirt, the aforementioned Internet culture newsletter, used Mirror to fund an entire season of content for their free Substack and raised around $30,000. Instead of trying to drum up financial support for individual articles, they used the site’s “Editions” tool to sell a collection of 131 animated NFTs, each depicting a publication mascot called “Dirty,” which looks like a smiling cartoon mound of dirt. According to co-founder Daisy Alioto, a culture journalist and audience engagement specialist, the NFTs were also a playful exercise in world-building around the brand—a sort of digital equivalent of the New Yorker tote, grounded in its millennial audience’s nostalgia for pop culture ephemera like Pokemon cards and Beanie Babies. the future is here, in a vc backed influencer mlm marketing war 
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Nov 8, 2021 21:41
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"Audience engagement specialist." Capitalism is a cancer.
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Nov 8, 2021 21:45
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So let me guess, did he buy them back from the scammer for half the price?
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Nov 8, 2021 22:00
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Paladinus posted:So let me guess, did he buy them back from the scammer for half the price? yes his "win" is that he bought them back from the people who stole them https://twitter.com/calvinbecerra/status/1457729814001897476 he had the NFTs blacklisted from the main marketplaces, so the thieves couldn't easily sell them on, but he facilitated them profiting from stealing from him anyway
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Nov 8, 2021 22:05
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Ahahahahahahahahahahahahahahahahahahahahahahahahahahaha. *wheeze* Ahahahahahahahahahahahahahahahahahhahahahahahahahahahahaahahahahahah!
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Nov 8, 2021 22:07
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repiv posted:yes his "win" is that he bought them back from the people who stole them So since he paid them, doesn't that mean he now has to fill out tax forms for the purchase?
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Nov 8, 2021 22:10
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Zil posted:So since he paid them, doesn't that mean he now has to fill out tax forms for the purchase? I hope so.
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Nov 8, 2021 22:12
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taxes for the ransom payment on his sad monkey avatars? let's hope so
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Nov 8, 2021 22:14
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My face when I buy a link to a jpeg, it gets stolen, I have to buy it again, and then also have to pay taxes on it:
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Nov 8, 2021 22:17
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Why do they want the exchanges to exist? That’s just an even less transparent and more unregulated middleman incentivized to gently caress you over. WHY DO THEY WANT TO LOSE MONEY SO BADLY
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Nov 8, 2021 22:17
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The replies to that post are just depressing.
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Nov 8, 2021 22:19
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https://twitter.com/calvinbecerra/status/1457727141584375813?s=20 He's still got more ransoms to pay 
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Nov 8, 2021 22:21
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A fool and his money are soon parted, and also more than once.
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Nov 8, 2021 22:23
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"blue chip NFT"
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Nov 8, 2021 22:24
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he says he lost his NFTs because they hacked him while pretending to help him with some setting in metamask. my guess is he told someone the secret phrase to his account or something and they stole it. of course in an actual decentralized world he'd be hosed but because opensea and other places that sell NFTs only care about money, they're not going to let this dope who keeps buying NFTs hang out to dry so they helped "ban" the NFTs that were stolen.
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Nov 8, 2021 22:31
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https://twitter.com/JJ_Lin/status/1457737582175875075 I get such a Hypnospace Outlaw vibe from all this. This is the new Coolpunk, even Gray's Peak is getting in on the action... https://twitter.com/CapetainTrippy/status/1457554060966604802 Woah, Fungus Scene!
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Nov 8, 2021 22:38
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| # ? May 30, 2024 09:45 |
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Dabir posted:look what you made me do: a lot of people have asked me to make NFT games and I won’t because i’m not a loving dumbass. now let me tell you why only a dumbass would get into NFT games. This was a good read, thank you for sharing it!
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Nov 8, 2021 23:04
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