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I think I have greatly underestimated both how much peoples internet avatar means to them and how much extra money people have
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Nov 12, 2021 20:55
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zedprime posted:But also most people would never need to resell a house they are living in, yet *gesticulates wildly at the market* We've got entire towns around the DC beltway composed of giant multimillion-dollar mansions striving doctors and lawyers buy up to pretend they're old-money aristocracy, only to inevitably go bankrupt after 2-3 years of trying to keep up the lifestyle and sell it on to the next chump who cares more about keeping up appearances than keeping a roof over their head NFT picrew chimps are a long, long way from having that kind of veneer of respectability but I suppose that's what the really aggressive campaign to inject them into the fine art world is all about
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Nov 12, 2021 21:02
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Vashro posted:I think I have greatly underestimated both how much peoples internet avatar means to them and how much extra money people have Tech people, mostly
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Nov 12, 2021 21:03
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I wonder how the Crypto Kitties are doing so strange that the price will deflate again, then in two years people will be hyping up some other dumb animal to bring it back up once more Nybble fucked around with this message at 21:26 on Nov 12, 2021 |
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Nov 12, 2021 21:23
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LanceHunter posted:Decoration, or to flex hard by having "On loan from the (rich family) collection" on a plaque next to the artwork in the local museum. And, occasionally, it's just to support an artist you think is cool. I remember this news piece on this couple of NYC who weren't really rich, but didn't have any kids and so they had enough extra money to find up-and-coming artists they liked and so they were often the first people to buy art from artists who would later go on to be massive. these guys rock
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Nov 12, 2021 21:46
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https://mobile.twitter.com/PrestonPysh/status/1459208777551519751
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Nov 12, 2021 22:23
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but what does it mean
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Nov 12, 2021 22:25
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Clearly it means that Bitcoin is full of corruption and manipulation and has been filling itself up with it this whole time and there’s plenty more!
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Nov 12, 2021 22:27
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how high are the chances that evergrande actually sinks coining. china accidentally stumbling backwards into being an environmental hero by killing off coining would be amazing.
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Nov 12, 2021 23:04
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SRQ posted:how high are the chances that evergrande actually sinks coining. I'd say that the odds of Tether being able to pay out in the event of a run on their reserves is unchanged at 0%
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Nov 12, 2021 23:34
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drk posted:I'd say that the odds of Tether being able to pay out in the event of a run on their reserves is unchanged at 0% Tether doesn't promise any payout at all, so there won't be any run on "their reserves". Whether Tether is backed by anything at all is entirely irrelevant.
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Nov 12, 2021 23:36
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drk posted:I'd say that the odds of Tether being able to pay out in the event of a run on their reserves is unchanged at 0% but would it cause a run? like i love the idea of evergrande collapsign the house of cards but how realistic is that.
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Nov 13, 2021 00:08
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The point is it doesnt matter whether they hold Evergrande or any other specific debt. They aren't going to pay out anything more than trivial redemption requests. Tether's actual customers (of which there are only a few) have proven that they dont care because they are probably getting Tether for pennies on the dollar, in exchange for crypto, or in exchange for debt they issue themselves.
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Nov 13, 2021 00:23
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Again, Tether doesn't promise any payout of anything. You're getting your dollars from other people willing to buy Tether believing them to be worth that.
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Nov 13, 2021 00:23
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Block time does not equal settlement time.
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Nov 13, 2021 00:31
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abigserve posted:Why's it all monkeys? Why do they all look like dogshit? Because I could believe that "Waifu Jizz" was a scam.
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Nov 13, 2021 00:36
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There are inflows to Tether: Its not clear exactly what these inflows represent - it could be customers paying interest, paying off debt, or it could be for some sort of redemption. from an otherwise long article about Tether flows that isnt too interesting if you've been following: https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/
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Nov 13, 2021 00:36
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I don't see how so many people are still using bit coin when pretty much all other crypto currencies suck way less in pretty much every way.
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Nov 13, 2021 00:38
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snorch posted:I don't see how so many people are still using bit coin when pretty much all other crypto currencies suck way less in pretty much every way. "Using" Bitcoin is a stretch. Almost no one uses it and since pretty much all coins are pointless, it's obvious that it's all about hype. I mean, take a look at Doge's or SHIB's ROI and their top 10 status.
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Nov 13, 2021 00:45
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small butter posted:"Using" Bitcoin is a stretch. Almost no one uses it and since pretty much all coins are pointless, it's obvious that it's all about hype. I mean, take a look at Doge's or SHIB's ROI and their top 10 status. Remember that time that you used cryptocurrency to buy anything?
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Nov 13, 2021 00:54
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not through a secondary buyer. When you bought it with crypto by itself.
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Nov 13, 2021 00:55
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Mumpy Puffinz posted:Remember that time that you used cryptocurrency to buy anything? "Different crypto. Check mate  "
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Nov 13, 2021 02:15
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Mans posted:"Different crypto. Check mate loving loser
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Nov 13, 2021 02:22
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Nybble posted:I wonder how the Crypto Kitties are doing This is another thing I hate about Internet culture, everything is a god drat memey name. Like do these do these coinbros really expect theyre going to have a shadowy
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Nov 13, 2021 02:29
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PhazonLink posted:This is another thing I hate about Internet culture, everything is a god drat memey name. Mumpy Puffinz posted:loving loser
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Nov 13, 2021 02:31
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So something I don't understand... Say I 'buy' Scammy Monkey #31415A. A token that says "https://scams.com/stupidmonkey.jpg" is created and forevially blockchainised, meaning that at any point in the future I can reference the blockchain to prove that I own the token. It is technologically impossible for anyone to alter this. I can then point to the fact that https://scams.com/stupidmonkey.jpg loads a picture of Scammy Money #31415A to 'prove' that I own Scammy Money #31415A. BUT... This is entirely dependant on the whims of whoever owns the scams.com domain. Say the intern goes in and swaps the filenames so that https://scams.com/stupidmonkey.jpg now loads an image of Scammy Monkey #3453C and Scammy Money #31415A is now located at https://scams.com/idiotmonkey.jpg . Me and the other monkey owner have effectively swapped which monkeys we 'own'. Teal dear: scammy monkey ownership is actually entirely dependant on a central database controlled by a single person. So what is the blockchain bit actually contributing to this? Why not have it be database entries and not need to 'spend ether' do do things?
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Nov 13, 2021 02:33
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The Lone Badger posted:So something I don't understand... https://www.youtube.com/watch?v=X9jXnZS3ouU
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Nov 13, 2021 02:36
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The Lone Badger posted:So something I don't understand... That's exactly right. One artist actually made an NFT that would render as a giant turd when sold through something similar to the method you noted, but the main NFT listing website blacklisted him because threatening to pull the curtain back on the whole scam. Since the whole "decentralized" ecosystem uses the APIs of that one website this effectively banned him from selling the NFT lol. The blockchain bit is there to obfuscate exactly what you stated was a problem. Having it in a database would work better on all fronts except it would make it harder for anyone everywhere to gamble on the values by buying and selling the database entries. Shifty Pony fucked around with this message at 02:42 on Nov 13, 2021 |
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Nov 13, 2021 02:40
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The Lone Badger posted:So something I don't understand... NFTs that are hosted on centralized servers have this problem yes. If hosted on IPFS the image can disappear but it can't change because the address is just a hash of the content. Edit: to be clear, a lot of these projects are actually just hosted out of an S3 bucket or something because it's simpler and they are usually just trying to get this stuff pumped out as fast as possible novamute fucked around with this message at 03:27 on Nov 13, 2021 |
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Nov 13, 2021 03:18
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busalover posted:actually yeah why isn't that a thing. loli poo poo must do gang-busters. but wait no then you can't show it off to your friends & the world. Didn’t stop Jared from Subway bringing up how sexy 14yr-old girls are to strangers and extras on Subway commercial shoots. He got extremely graphic about it to grown men and women he’d never met before as like small talk.  “So inspiring to lose so much weight, Jared…” “Not as inspiring as (whatever)!”
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Nov 13, 2021 03:20
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Mumpy Puffinz posted:Remember that time that you used cryptocurrency to buy anything? No. Neither does anybody else.
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Nov 13, 2021 03:36
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It's ok everyone they're finally going to fix bitcoin! by which I mean the cartel of miners that functionally control the platform is making it even more suitable for money laundering, and also adding NFT capabilities. But I repeat myself
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Nov 13, 2021 03:41
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Holy poo poo, this thread is a hilarious time capsule of self-righteous closed-mindedness. I wonder what it will look like in another 4 years. HFSP RIP Lowtax
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Nov 13, 2021 03:46
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SmartCunt posted:Holy poo poo, this thread is a hilarious time capsule of self-righteous closed-mindedness. I wonder what it will look like in another 4 years. HFSP lol
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Nov 13, 2021 03:53
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SmartCunt posted:Holy poo poo, this thread is a hilarious time capsule of self-righteous closed-mindedness. I wonder what it will look like in another 4 years. HFSP Well your name is at least half accurate.
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Nov 13, 2021 03:56
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SmartCunt posted:Holy poo poo, this thread is a hilarious time capsule of self-righteous closed-mindedness. I wonder what it will look like in another 4 years. HFSP 
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Nov 13, 2021 04:06
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Marvel entertainment did another NFT but now with a *~Female empowerment*~ NFT scammer. Art looks like poo poo. Crypto bros are in the comments pretending to be *~empowered females~* And it's like a fuckton of sock puppet accounts repeating the same rehearsed cult sounding lines. At least I got to block a bunch of them.
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Nov 13, 2021 04:27
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Human Frontier Science Program?
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Nov 13, 2021 04:51
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Desperado Bones posted:Marvel entertainment did another NFT but now with a *~Female empowerment*~ NFT scammer. Blockchains full of women
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Nov 13, 2021 05:12
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I can't keep a blockchain in my freezer
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Nov 13, 2021 05:48
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