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Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
am...am i a pyramid scheme??

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Hammerite
Mar 9, 2007

And you don't remember what I said here, either, but it was pompous and stupid.
Jade Ear Joe
https://twitter.com/themaildog/status/1518741653497991169?cxt=HHwWgsCypZff05MqAAAA

:allears:

njsykora
Jan 23, 2012

Robots confuse squirrels.


he’s not wrong

Neon Noodle
Nov 11, 2016

there's nothing wrong here in montana
turn off your monitor etc

Splicer
Oct 16, 2006

from hell's heart I cast at thee
🧙🐀🧹🌙🪄🐸

Shame Boy posted:

what even is a pyramid scheme, we just dont know
It's more of a trapezoid

OzyMandrill
Aug 12, 2013

Look upon my words
and despair

njsykora posted:

he’s not wrong

the hexagonal warning shape they put on their profiles are a step in the right direction

neutral milf hotel
Oct 9, 2001

by Fluffdaddy

I mean, he's right. for the life of me I can't remember which monkey derivative lost $600 million, and which one only lost $80 million -- and these just happened in the last month!

Hammerite
Mar 9, 2007

And you don't remember what I said here, either, but it was pompous and stupid.
Jade Ear Joe
it is funny because a "tool" can be "a person used to carry out the designs of another; a dupe".

Hammerite
Mar 9, 2007

And you don't remember what I said here, either, but it was pompous and stupid.
Jade Ear Joe

Hammerite posted:

it is funny because a "tool" can be "a person used to carry out the designs of another; a dupe".

Don't sign your posts.

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.
if it’s promoted by aliens, it’s a pyramid scheme

Splicer
Oct 16, 2006

from hell's heart I cast at thee
🧙🐀🧹🌙🪄🐸
Pyrapemid

Grace Baiting
Jul 20, 2012

Audi famam illius;
Cucurrit quaeque
Tetigit destruens.



Hammerite posted:

Don't sign your posts.

for a user named after a tool, your being awfully mean to another user named "hammerite" :randno: :hmmno:


but this is a great opportunity to get in on the ground floor of my glasshousecoin nfts tho, endorsed by verified twitter user elom nusk, soon to be a "hit" tv show

Sandweed
Sep 7, 2006

All your friends are me.

Crypto is like a decentralized pyramid scheme where there isn't anyone at the very top scamming the rest but everyone in every layer is scamming everyone else.

Qwertycoatl
Dec 31, 2008

Sandweed posted:

Crypto is like a decentralized pyramid scheme where there isn't anyone at the very top scamming the rest but everyone in every layer is scamming everyone else.

an ouroboros scheme

Taerkar
Dec 7, 2002

kind of into it, really

Sandweed posted:

Crypto is like a decentralized pyramid scheme where there isn't anyone at the very top scamming the rest but everyone in every layer is scamming everyone else.

A MLM without a pitchbro.

Shame Boy
Mar 2, 2010

yeah

Splicer posted:

It's more of a trapezoid

Cheese Thief
Oct 30, 2020
my buddy losing 100 grand but keeping the attitude no bro u gotta buy, I think it may be deeper psychological issue going on

haveblue
Aug 15, 2005



Toilet Rascal
it’s pyramids all the way down. sierpinski pyramid scheme

4lokos basilisk
Jul 17, 2008


Boxturret posted:

the way these scams work is you use more established coins like ether to buy the beancoin, now the bean coin is backed by the pile of ether, and the price is based off that. then the people that make it take all the ether and leave the people with the beans they paid for, but now that the backing is gone the market crashes and the beans are worthless

I don't know what the beans are supposed to be used for though

the shilling of the tethers bring a bring a time when my ponzi can give you liquidity, but when that time has passed, those fleeting apes gone, the beans are worthless, until once again elon musk unlocks its power

4lokos basilisk
Jul 17, 2008


bort posted:

makes you rhink

im rhinking harder than i ever have before

Sapozhnik
Jan 2, 2005

Nap Ghost

haveblue posted:

it’s pyramids all the way down. sierpinski pyramid scheme

ultrafilter
Aug 23, 2007

It's okay if you have any questions.


https://twitter.com/JamesHesky/status/1490076337981345793

Mr. Crow
May 22, 2008

Snap City mayor for life

Mr. Crow
May 22, 2008

Snap City mayor for life
Wait that was just posted lmao whatever

Paladinus
Jan 11, 2014

heyHEYYYY!!!

*new fools

Endless Mike
Aug 13, 2003



Paladinus posted:

*new fools

no he said the right thing

drk
Jan 16, 2005
For those who missed it yesterday, Bloomberg took the paywall off the transcript where our friend Mr Bankman spends ten minutes saying the quiet part out loud describing defi as a magic money box:

https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned

Blotto_Otter
Aug 16, 2013


drk posted:

For those who missed it yesterday, Bloomberg took the paywall off the transcript where our friend Mr Bankman spends ten minutes saying the quiet part out loud describing defi as a magic money box:

https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned

quote:

Matt: (27:13)
I think of myself as like a fairly cynical person. And that was so much more cynical than how I would've described farming. You're just like, well, I'm in the Ponzi business and it's pretty good.

Manzoon
Oct 12, 2005

ALPHASTRIKE!!!

Cheese Thief posted:

my buddy losing 100 grand but keeping the attitude no bro u gotta buy, I think it may be deeper psychological issue going on

Would you be shocked to know that crypto currency investors and gambling addicts have a strong overlap?

Taerkar
Dec 7, 2002

kind of into it, really

Cheese Thief posted:

my buddy losing 100 grand but keeping the attitude no bro u gotta buy, I think it may be deeper psychological issue going on

Is his name Mark?

If not you should call him Mark anyways because he is one.

Mr. Crow posted:

Wait that was just posted lmao whatever

Reposting the same thing is very fitting for the crypto thread because everything old is new again.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Endless Mike posted:

no he said the right thing

Only Tools and Ponzis.

bort
Mar 13, 2003

Manzoon posted:

Would you be shocked to know that crypto currency investors and gambling addicts have a strong overlap?
Hey what the gently caress. At least the ugly apes at a casino wear a security uniform

Stephen Harper
Apr 13, 2011

Canada is a Northern European welfare state in the worst sense of the term, and very proud of it.

drk posted:

For those who missed it yesterday, Bloomberg took the paywall off the transcript where our friend Mr Bankman spends ten minutes saying the quiet part out loud describing defi as a magic money box:

https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned

of course there’s a character in the crypto universe named mister bank man

Just a Moron
Nov 11, 2021

I like beans.

Weatherman
Jul 30, 2003

WARBLEKLONK

Paladinus posted:

*new fools

dsyp

Paladinus posted:

Only Tools and Ponzis.

dsyp :xd:

OzyMandrill
Aug 12, 2013

Look upon my words
and despair

Paladinus posted:

Only Tools and Ponzis.

Only Tools and Nonces

vortmax
Sep 24, 2008

In meteorology, vorticity often refers to a measurement of the spin of horizontally flowing air about a vertical axis.

haveblue posted:

sierpinski pyramid scheme

Gazpacho
Jun 18, 2004

by Fluffdaddy
Slippery Tilde
it's simple. you give people tokens and then they put money in the box so that they will get more tokens. the tokens may or may not be claims on the box but it doesn't matter because taking money out of the box would break the model and is therefore dumb

Gazpacho
Jun 18, 2004

by Fluffdaddy
Slippery Tilde
ps: there is no box and never was

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haveblue
Aug 15, 2005



Toilet Rascal

a vote for brak is a vote for beans every day

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