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JeremoudCorbynejad posted:“At first, I was skeptical because I thought it was a Ponzi scam” - quote from man scammed in ponzi scheme Eh it reads like he has actually gotten more money out of it than he put in, which to be fair can also be true of people getting in on the early layers of a literal ponzi scheme. Those aren't the people who I'd describe as getting scammed though.
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Mar 30, 2022 08:35
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It's wild how it was hacked. The game has so many transactions that it would have been too slow and expensive to run them on the etherium blockchain, so instead they built their own custom blockchain to run alongside the game and handle the bulk of transactions. It's only when players pay in or cash out that the transactions are done on eth. So the hackers exploited the poorly designed side blockchain to steal everything. Players supposedly won't be affected as venture capitalists are pumping so much money into it, they can replace what was lost. 100s of millions of money being secured by people who I wouldn't trust to maintain web forums. Marenghi has issued a correction as of 11:52 on Mar 30, 2022 |
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Mar 30, 2022 11:47
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Orange Devil posted:Eh it reads like he has actually gotten more money out of it than he put in, which to be fair can also be true of people getting in on the early layers of a literal ponzi scheme. Those aren't the people who I'd describe as getting scammed though. Every single crypto person describes whatever they're doing like they've gotten more money out of it than they put in even though they actually haven't, it's kinda their whole thing
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Mar 30, 2022 12:59
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Shame Boy posted:Every single crypto person describes whatever they're doing like they've gotten more money out of it than they put in even though they actually haven't, it's kinda their whole thing on the other I would totally expect a journalist to take all lies about how much was made at face value
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Mar 30, 2022 13:09
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Mar 30, 2022 13:55
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DACK FAYDEN posted:on the one hand I would totally expect a journalist to track down one of the few people who actually made money (because then it can be a puff piece!) It wouldn't be the first video game where you could grind out second world wages by playing. The article is showing how a few hundred dollars a month is a rounding error for finance ghouls but life changing money for people in underdeveloped countries (and subsequently how that money on the table leads to rent-seekers becoming the middle-man). The article read to me as a description of people doing whatever they can to improve their meager lives during an economic collapse, and how capital has built an elaborate house of cards which profits off that desperation.
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Mar 30, 2022 15:09
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Logans run unironically.
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Mar 30, 2022 15:15
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If these kids were smart, they would've been born before things got expensive!
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Mar 30, 2022 15:28
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SpacePig posted:If these kids were smart, they would've been born before things got expensive! Is there anyone more entitled than a blackrock founder? Is that even possible?
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Mar 30, 2022 16:06
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TehSaurus posted:Is there anyone more entitled than a blackrock founder? Is that even possible?  E: didn't notice the picture lobbed some heads off. 
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Mar 30, 2022 16:11
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Can see some more heads needing lopped off
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Mar 30, 2022 18:39
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Are those all Elon's kids?
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Mar 30, 2022 18:49
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Ham Equity posted:Are those all Elon's kids? They are his clones, to be harvested when his organs fail
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Mar 30, 2022 18:53
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I think that was after alphabet soup was born but before whatever the most recent one is named.
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Mar 30, 2022 19:20
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little munchkin posted:It wouldn't be the first video game where you could grind out second world wages by playing. The article is showing how a few hundred dollars a month is a rounding error for finance ghouls but life changing money for people in underdeveloped countries (and subsequently how that money on the table leads to rent-seekers becoming the middle-man). Yeah, none of this is in any way new. And for crypto's and NFT's many, many faults (it's all faults) they didn't cause this poo poo.
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Mar 30, 2022 19:20
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Amphigory posted:Can see some more heads needing lopped off That's ignorant of two full centuries of development. 
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Mar 30, 2022 19:22
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I have a dental surgery coming up that's gonna run $3k, and only after I have paid in full day of service does my insurance decide whether they cover any of it and reimburses me. Ya know, if they feel like it.
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Mar 30, 2022 19:31
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bag em and tag em posted:I have a dental surgery coming up that's gonna run $3k, and only after I have paid in full day of service does my insurance decide whether they cover any of it and reimburses me. Ya know, if they feel like it. Could probably save some money by flying to Mexico or Poland for it and also have a fun lil adventure.
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Mar 30, 2022 20:59
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Would that be the co-founder who was convicted of insider trading?
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Mar 30, 2022 21:03
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evilpicard posted:Would that be the co-founder who was convicted of insider trading? Sounds like someone living the hustle.
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Mar 30, 2022 22:34
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BonHair posted:That's ignorant of two full centuries of development. Comrade woodchipper is a vanguard member.
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Mar 30, 2022 23:21
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Shame Boy posted:Every single crypto person describes whatever they're doing like they've gotten more money out of it than they put in even though they actually haven't, it's kinda their whole thing I've got a friend who got into some pretty bad gambling debt in his twenties. Over about 10 years he managed to pay it back and stop gambling. Recently he's been talking about crypto in the same kinda way where you only hear about the wins. Got me pretty worried tbh.
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Mar 30, 2022 23:42
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Incoming Chinchilla posted:I've got a friend who got into some pretty bad gambling debt in his twenties. Over about 10 years he managed to pay it back and stop gambling. Yeah I had a couple of buddies that got into crypto and meme stocks. I told them they sounded like someone with a gambling addition when they were talking about it.
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Mar 31, 2022 01:35
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McCracAttack posted:Yeah I had a couple of buddies that got into crypto and meme stocks. I told them they sounded like someone with a gambling addition when they were talking about it. I've been saying stocks are just gambling for years. It's criminal.
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Mar 31, 2022 02:39
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It's only gambling if you're poor. Once you're rich enough the house just gives you money
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Mar 31, 2022 07:54
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bag em and tag em posted:I have a dental surgery coming up that's gonna run $3k, and only after I have paid in full day of service does my insurance decide whether they cover any of it and reimburses me. Ya know, if they feel like it. They will try not to pay for it and look for any loophole or minor thing you haven't completed or admitted to not pay for it. As if insurers have a day where they feel like paying
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Mar 31, 2022 08:50
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except in very unique circumstances (USAA car insurance being one and only because it's almost like a union) insurance companies are "you can't make money by spending money" writ large they'll spend money on advertising, of course, but the second you, as an insured person, gently caress with some middle manager's bottom line for the quarter? lol
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Mar 31, 2022 13:18
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cowboy
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FFT posted:except in very unique circumstances (USAA car insurance being one and only because it's almost like a union) insurance companies are "you can't make money by spending money" writ large I’ve heard awful stories about USAA when it comes time to collect
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Mar 31, 2022 13:21
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FFT posted:except in very unique circumstances (USAA car insurance being one and only because it's almost like a union) insurance companies are "you can't make money by spending money" writ large My favorite was when they tried to junk my car rather than pay for the repairs. Two separate times in the process.
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Mar 31, 2022 13:34
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Orange DeviI posted:Actually, never mind. All your ‘funny comments’ regarding the Dutch language are really annoying. Just another example of the sad state of cspam culture. What happened to solidarity? Says the guy who regularly made racist comments about Germans.
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Mar 31, 2022 13:52
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Relevant Tangent posted:My favorite was when they tried to junk my car rather than pay for the repairs. Two separate times in the process. why wouldn’t you want a new car, did you not have gap insurance or equivalent on your policy
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Mar 31, 2022 14:20
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indigi posted:why wouldn’t you want a new car, did you not have gap insurance or equivalent on your policy They don't pay you enough for a new car, they pay you the cash value of your old car, which means you have to go from what is likely a reliable car that you know the ins and outs of to whatever you can get from a dealer. Unless you had a loan for more than a car is worth, in which case rather than getting paid out and having a repaired car that you can drive, you have loving nothing, and have to start over again on the payments.
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Mar 31, 2022 15:45
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Ham Equity posted:They don't pay you enough for a new car, they pay you the cash value of your old car, which means you have to go from what is likely a reliable car that you know the ins and outs of to whatever you can get from a dealer. That's been my experience with two other insurance companies.
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Mar 31, 2022 16:14
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https://twitter.com/banished_duck/status/1509246371408363525
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Mar 31, 2022 16:16
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indigi posted:why wouldn’t you want a new car, did you not have gap insurance or equivalent on your policy New cars are going for $15k over the blue book value. Also they lose half that value when you drive them off the lot. The money I'd get for my car is nowhere near enough to get a new car. It's not even enough to get a new used car.
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Mar 31, 2022 16:32
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cars aren’t losing half their value after driving off the lot right now. some are appreciating in value, at least vs MSRP because by definition a used car is available now and the wait time for some popular vehicle orders is a year or more.
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Mar 31, 2022 16:35
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hobbesmaster posted:cars aren’t losing half their value after driving off the lot right now. some are appreciating in value, at least vs MSRP because by definition a used car is available now and the wait time for some popular vehicle orders is a year or more. I hate my car and don't want to keep it but my lease is ending this summer and at this point, it would be leaving free money on the table to just walk away and not buy it out for the price that was agreed upon in 2018 lol
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Mar 31, 2022 16:39
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i bought my car in april of 2021 and it has 7k miles on it and the dealer begs me to buy it back constantly for 5k over list
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Mar 31, 2022 16:47
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boar guy posted:i bought my car in april of 2021 and it has 7k miles on it and the dealer begs me to buy it back constantly for 5k over list right, i'm wondering if at the end of my lease I can basically ask them for 2 grand to avoid the hassle of selling me my car and then buying it back from me, and use it to get a nice ebike instead lol
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Mar 31, 2022 17:12
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I feel like using the loving cato institute to make this point is cheating e: Or I guess the point is it's the thing google's incredibly stupid and ill-advised "find answers instead of search results" feature pulled, ok that's bad
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Mar 31, 2022 17:41
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