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Just going to leave this here
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Nov 9, 2021 15:46
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https://twitter.com/JordanUhl/status/1458007055088955393
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Nov 9, 2021 15:49
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Hillary 2024 posted:There's a Chinese mega corp with $300 billion in debts that is almost definitely going to default - when this happens a whole lot of Chinese equity will evaporate with knock-on effects globally. I'm not sure how bad that will actually be. I mean, some bankers will have a lovely day, but it's not like 2008 where all the big finance companies essentially bought in deep to a mortgage system that might as well have been a raccoon with cotton candy. It'll have to send some dominoes toppling and I suspect that one bad company isn't enough to do that.
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Nov 9, 2021 16:38
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Chinese accounting standards are such poo poo and their financial system is such nonsense, the government probably is anti-crypto for competition reasons more than anything else.
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Nov 9, 2021 16:41
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Zil posted:Just going to leave this here I'm the carefully drawn different noses to indicate that the artist isn't jewish.
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Nov 9, 2021 16:52
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Random Stranger posted:I'm not sure how bad that will actually be. I mean, some bankers will have a lovely day, but it's not like 2008 where all the big finance companies essentially bought in deep to a mortgage system that might as well have been a raccoon with cotton candy. It'll have to send some dominoes toppling and I suspect that one bad company isn't enough to do that. It will have very serious effects in the Asian Market, this company is HUGE, $300 Billion debt, that's 2% of China's GDP. The reason people think it might hit crypto is because remember when tether claimed it was 100% backed by cash and cash equivalents but actually turned out to be just 3.67%? Well its bulk of backing is commercial paper(65%), short form loans which people think the vast majority of are from China. The same 171 banks and 120 odd financial firms who Evergrande owes money to. If the Chinese economy has a mini 2008 it could cause tether to tumble and it would have a big effect on crypto markets, and be a huge red flag to a lot of governments who are already critical of crypto. It will also most certainly cause a credit crunch as well as leaving many of the 12 million people with Evergrande property possibly in serious trouble.
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Nov 9, 2021 17:18
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I don't understand. Why would holding fake worthless bonds matter to a fake worthless currency company? Just keep lying, problem solved.
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Nov 9, 2021 17:33
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Lol if you think Tether’s claims aren’t just made up in the first place, or that it affects anything if that commercial paper goes poof
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Nov 9, 2021 17:34
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Well they already got fined $41 million by the CFTC for lying. I guess they could try lying again and hope they don't notice.
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Nov 9, 2021 17:36
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haha i can't believe i missed this part earlier in the "help fbi he stole my apes" saga https://twitter.com/FoldableHuman/status/1455275645643026432
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Nov 9, 2021 17:53
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Main Paineframe posted:I think he's real, but intentionally playing it up and being over the top about it One of my friends ironically joked himself into being a hardcore crypto guy, and peppers his crypto rants with anti-crypto memes. If you're at all intelligent, you need to do that kind of thing to manage the cognitive dissonance it takes to cope with your gambling problem.
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Nov 9, 2021 18:11
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Besides transaction fees, and effort, why aren’t people just creating parallel tokens that also point at those shittily drawn monkeys? This has to have been done before, right? I wonder how much slap fighting this has caused over which official NFT is the real one.
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Nov 9, 2021 18:29
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Counterfeit NFTs. Would that finally destroy them or would it somehow lend them more credibility?
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Nov 9, 2021 18:35
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Tnuctip posted:Besides transaction fees, and effort, why aren’t people just creating parallel tokens that also point at those shittily drawn monkeys? The people trading NFTs between the same 5 people for money laundering don't care if you make your own NFTs. It costs you money to publish them and just works to support the price of eth.
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Nov 9, 2021 18:45
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Tnuctip posted:Besides transaction fees, and effort, why aren’t people just creating parallel tokens that also point at those shittily drawn monkeys? Anyone can put anything in any contract on Ethereum but it's hard and gross and getting pretty expensive.
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Nov 9, 2021 18:46
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I'm listening to the Jimquisition on NFTs and it's pretty funny.
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Nov 9, 2021 19:30
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Wow, stealing other people's art, making money off it and then admitting that NFTs are a "scam" is pretty scummy stuff. I remember the Bitcoin thread back in the old days when the whole thing seemed dumb but it just seems downright evil to me now. e: house burglars have the right to feel moral superiority to people who are into crypto because at least they're only robbing people. They're not destroying the environment. Prurient Squid fucked around with this message at 19:55 on Nov 9, 2021 |
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Nov 9, 2021 19:53
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The art was in their hosed up addled brains the whole time There needs to be a better way to refer to crypto people
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Nov 9, 2021 19:55
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Prurient Squid posted:e: house burglars have the right to feel moral superiority to people who are into crypto because at least they're only robbing people. They're not destroying the environment. they also create a whole security industry, they're job creators! crypto just makes layers of scams e: gently caress i forgot about how the cybersecurity industry has massively grown due to crypto ransomware
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Nov 9, 2021 20:01
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https://twitter.com/ElectionDayMad1/status/1458092504289579025?s=20
Hillary 2024 fucked around with this message at 20:28 on Nov 9, 2021 |
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Nov 9, 2021 20:25
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https://twitter.com/MOusegg/status/1434076358670422017?t=HXGvecLR2DlKzwv3nRo4Bg&s=19 As far as I can tell these people are serious, including the $420.69 guy. It's just impossible to look away from, like watching people's brains unravel in their skulls in real time.
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Nov 9, 2021 20:35
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Oh so they like regulations
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Nov 9, 2021 20:37
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jokes posted:Oh so they like regulations I'm pretty sure crypto bro there is making a joke... but not completely sure.
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Nov 9, 2021 20:41
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https://twitter.com/CarallotArts/status/1458102686121959424
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Nov 9, 2021 20:46
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Tnuctip posted:Besides transaction fees, and effort, why aren’t people just creating parallel tokens that also point at those shittily drawn monkeys? Gutcruncher posted:Counterfeit NFTs. Would that finally destroy them or would it somehow lend them more credibility? Whichever token gets on the blockchain first is considered the official one. You can mint as many duplicate tokens as you like but crypto bros won't buy them and will just mock you instead. Unless you somehow manage to create a secondary market in duplicate tokens in which case they'll turn up in droves.
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Nov 9, 2021 20:48
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https://twitter.com/I_am_the_Carl/status/1457883068937773056
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Nov 9, 2021 20:52
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Large scale financial fraud in that tweet
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Nov 9, 2021 20:57
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Hillary 2024 posted:Whichever token gets on the blockchain first is considered the official one. You can mint as many duplicate tokens as you like but crypto bros won't buy them and will just mock you instead. Unless you somehow manage to create a secondary market in duplicate tokens in which case they'll turn up in droves. But did they put the token on NFTchain, the only* cryptocurrency dedicated to tracking the minting and transfer of NFTs? * See also blockNFT, which also claims to be the only cryptocurrency dedicated to tracking the minting and transfer of NFTs.
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Nov 9, 2021 21:01
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https://twitter.com/ElectionDayMad1/status/1436349557361844226
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Nov 9, 2021 21:02
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Breaking news: NFTchain has splintered into NFTcoin.
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Nov 9, 2021 21:02
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jokes posted:Large scale financial fraud in that tweet Exactly why I am helping it spread. They can't DMCA all of us.
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Nov 9, 2021 21:10
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help i clicked on too many crypto related tweets and now my feed is full of ads like this what does that even mean
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Nov 9, 2021 21:10
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repiv posted:help i clicked on too many crypto related tweets and now my feed is full of ads like this Few people understand this
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Nov 9, 2021 21:14
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Supercharge this *points at a rechargeable battery*
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Nov 9, 2021 21:14
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repiv posted:help i clicked on too many crypto related tweets and now my feed is full of ads like this You don't have to click crypto related tweets to get flooded with crypto ads. There's been a huge uptick in ad spending by crypto "companies" so the ads are showing up everywhere, online and offline. I know of there are several billboards shilling crypto near me.
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Nov 9, 2021 21:16
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repiv posted:help i clicked on too many crypto related tweets and now my feed is full of ads like this Probably best to just spend a whole lot of money on it and see what happens.
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Nov 9, 2021 21:17
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repiv posted:help i clicked on too many crypto related tweets and now my feed is full of ads like this "We think this ad loaded with acronyms will give you FOMO so you'll panic and buy crypto allowing me and my mates to cash out enough to buy a boat"
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Nov 9, 2021 21:22
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I recently went to one of those tabletop game stores and it had a bitcoin ATM and it seemed funny to me. That’s my bitcoin story.
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Nov 9, 2021 21:24
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CaptainSarcastic posted:At this point it's really hard not to think that Tropofarmer guy is anything more than a gimmick account. I miss Lovecraftian Journal. That was a good gimmick account.
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Nov 9, 2021 22:02
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| # ? May 30, 2024 08:22 |
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Vesi posted:it's like Albania in 1997 but instead of people naive to capitalism it's about computers *cough cough*El Salvador*wheeze choke*
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Nov 9, 2021 22:05
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