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Also if you send money to the wrong address with Venmo or via the banks, I assume there's some sort of recourse. If you gently caress up with crypto, it is gone. As the tweet posted in the minute it took me to type this so handily illustrates.
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May 6, 2022 07:16
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Darth TNT posted:https://twitter.com/web3isgreat/status/1522366891481870336?s=20&t=-nFmveWuGAdRtvKpp5NNKg This is good for bitcoin.
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May 6, 2022 07:22
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Beefed Owl posted:Sure with venmo you can have the money transferred immediately for like a 1% fee or you can wait a few days and get it for free or you could just try to do it through Bitcoin where that fee fluctuates wildly and still takes a few loving days and you have no free option gee I wonder which one is better Even abject garbage like Western Union or whatever is better than buttcoin transactions
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May 6, 2022 07:27
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Darth TNT posted:https://twitter.com/web3isgreat/status/1522366891481870336?s=20&t=-nFmveWuGAdRtvKpp5NNKg This gives me no idea what the Juno project is supposed to do, only that it has failed repeatedly. It’s almost like a reverse Streisand effect.
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May 6, 2022 07:43
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Darth TNT posted:https://twitter.com/web3isgreat/status/1522366891481870336?s=20&t=-nFmveWuGAdRtvKpp5NNKg lol, lmao
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May 6, 2022 07:55
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Darth TNT posted:https://twitter.com/web3isgreat/status/1522366891481870336?s=20&t=-nFmveWuGAdRtvKpp5NNKg this is amazing lol oops we sent the funds into a black hole
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May 6, 2022 07:58
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I was gonna get genetic testing from Nebula Genomics until I got to their technology page and it mentioned they are trying to do some poo poo "on the blockchain." Noped right out.
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May 6, 2022 08:10
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repiv posted:i wonder what the third wave of NFT nonsense will be literally soho house wework cargo cults, but call it a DAO https://youtube.com/watch?v=AAkkwojvK-s
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May 6, 2022 09:02
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Abongination posted:A NFT that requires constant daily payments to "feed it", the art changes as fund milestones are reached. yet another thing second life already did ten years ago - Logansryche himself used to unironically beg for donations to buy digital pet food to keep his "pet rescue" second life animals from starving turns out the SL dogs and cats couldnt live on 60 flavors of soda alone
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May 6, 2022 09:44
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The next iteration of nfts are neopets.
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May 6, 2022 10:05
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istewart posted:This gives me no idea what the Juno project is supposed to do, only that it has failed repeatedly. It’s almost like a reverse Streisand effect. Juno project's goal is to give us cheap laughs and I think we should invest in them, they seem to have that down.
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May 6, 2022 10:15
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https://twitter.com/web3isgreat/status/1522239813990162433 I'm addicted to reading the tweet threads that follow up these attacks. They always follow the same pattern, portentous threats of involving law enforcement (i.e. rules & regulations on demand, immunity from them at all other times) and obsequious deference towards the hacker, saying how brilliant or ingenious they or their hack was, whilst simultaneously begging for them to return the funds. Often they don't even ask for all of the funds back, because they know, deep down, that they have no power at all. I also can't get enough of all of the replies about people having sunk X thousand in, losing it and how it is the end of their world. Although this is tinged with the realisation that if there are enough people to be piling money into something as insignificant as this (compared to Bitcoin, which even your gran has heard about), then it just shows that this is a juggernaut that probably is never going away. Crypto is fucken nuts. A friend of mine pointed out yesterday that if a bank robber made off with anything like this sort of money it would be all over the news and would probably end up as a Netflix film in the more extreme cases, but in crypto it's literally just another day when someone makes off with $300 million equivalent in some silly coin. EDIT: It's also depressing af reading how many replies asking whether it's safe now to put new funds in. Durzel fucked around with this message at 10:24 on May 6, 2022 |
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May 6, 2022 10:20
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loving loooool
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May 6, 2022 10:22
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there was a SHITCOIN here it's gone now
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May 6, 2022 10:52
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Darth TNT posted:https://twitter.com/web3isgreat/status/1522366891481870336?s=20&t=-nFmveWuGAdRtvKpp5NNKg quote:Daniel Hwang, who helps run one of the Juno validators, said to CoinDesk, "We hosed up big time". He also offered an unusual opinion: "Validators should have due diligenced for ourselves to actually check the code we’re executing and running". sounds to me like Daniel should have Englished for himself to actually check the sentences he's writing
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May 6, 2022 14:55
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This bit has potential https://twitter.com/tulpengenieter/status/1522514794133307392
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May 6, 2022 15:17
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Darth TNT posted:https://twitter.com/web3isgreat/status/1522366891481870336?s=20&t=-nFmveWuGAdRtvKpp5NNKg The guy they "confiscated" the tokens from already threatened to sue them too: https://twitter.com/web3isgreat/status/1520824099525824512 I thought the point of crypto was that code is law and no government or bank can take your money? Oh well
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May 6, 2022 15:39
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upsidedown posted:This bit has potential https://twitter.com/tulpengenieter/status/1522206334543826944?t=fFb51DPmlv6ywqXe1m2JGQ&s=19 Yeah!
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May 6, 2022 15:41
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I don't understand why you would program a big black hole that you can accidentally throw money into and never get back.
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May 6, 2022 15:47
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Extra Large Marge posted:I don't understand why you would program a big black hole that you can accidentally throw money into and never get back. ngmi 
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May 6, 2022 15:49
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upsidedown posted:This bit has potential https://opensea.io/collection/dutch-tulip-field
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May 6, 2022 15:49
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HappyHippo posted:I thought the point of crypto was that code is law and no government or bank can take your money? Oh well Alternatively - Crypto: Decentralised on our terms.
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May 6, 2022 16:00
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Gonna airdrop 100 tulip bulbs from the roof of a Wall St skyscraper during rush hour to generate hype in this exciting new investment!
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May 6, 2022 16:04
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Extra Large Marge posted:I don't understand why you would program a big black hole that you can accidentally throw money into and never get back. It's not deliberate. Usually it's something like a smart contract (just a small program) that converts one cryptocurrency into another or some similar feature, but not the reverse so when people transfer the wrong currency into it, it just doesn't do anything with it. This would be easy to check for but programmers are lazy and incentivized to write the contracts as short and efficient as possible because more computing power results in higher transaction fees. The whole system is terrible, but it's usually not terrible on purpose.
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May 6, 2022 17:08
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Extra Large Marge posted:I don't understand why you would program a big black hole that you can accidentally throw money into and never get back. because it's slightly easier than designing funds to return if you route them to that big black hole, and you only paid that guy on Taskrabbit $100 to design your visionary earthshaking financial scheme
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May 6, 2022 17:23
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MechaCrash posted:Also if you send money to the wrong address with Venmo or via the banks, I assume there's some sort of recourse. If you gently caress up with crypto, it is gone. they're just holding a majority vote to hard fork the entire blockchain AGAIN to edit the money out of that account, just like they did to rob the guy in the first place Extra Large Marge posted:I don't understand why you would program a big black hole that you can accidentally throw money into and never get back. they didn't, really they made a system where there's no checks to see whether a wallet id actually exists before you send money to that wallet, so you can send money to a nonexistent wallet and the system doesn't give a poo poo technically, if a wallet is later created that gets assigned that wallet id, that wallet would theoretically have access to those funds. but the range of potential wallet ids is so huge that it's unlikely anyone will ever get access to those funds
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May 6, 2022 17:48
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You don't create or activate wallets. You merely borrow a public key from the number range that you came up with a private key for. The address was there before you came and will be there well after you're dead or the private key is compromised. There's no fundamental control that could be put in place to catch this sort of thing. The crypto part makes sure of that. What you input into the transaction is what is going to come out. Any more intelligence short circuits the whole thing into not-crypto.
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May 6, 2022 19:16
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i can't believe this turned out to be a scam https://twitter.com/web3isgreat/status/1522624989018607620
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May 6, 2022 19:20
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repiv posted:i can't believe this turned out to be a scam But but…they promised! 
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May 6, 2022 19:37
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repiv posted:i can't believe this turned out to be a scam All final holders will get 10,000,000x gains. And is it not said, "How much better to get wisdom than bitcoin, to get insight rather than ether"? In my judgement they delivered: everyone who invested was shown wisdom & insight that is at least 10 million times the value of their investment.
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May 6, 2022 20:23
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why is it called "day of defeat"? might as well call it gently caress you dot com
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May 6, 2022 20:25
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Hammerite posted:why is it called "day of defeat"? i'm invested in scamcoin, rugcoin, day of defeat, tulipcoin, PUMP, and bubblecoin 
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May 6, 2022 20:34
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"Rug pulling" That's called larceny or grand theft. e: quote:To qualify as first-degree grand larceny, a person must steal over $1 million in money or property. The theft can take many forms, and the value of the property is considered cumulatively. Waffle House fucked around with this message at 20:45 on May 6, 2022 |
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May 6, 2022 20:37
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Hammerite posted:why is it called "day of defeat"? It was a pretty good game back in the day. Always overshadowed by counterstrike but I had fun playing it
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May 6, 2022 20:45
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repiv posted:i can't believe this turned out to be a scam quote:Their project roadmap includes a "mystery plan" that results in a 1,000,000x price increase. Wikipedia posted:One famous apocryphal story is of a company that went public in 1720 as "a company for carrying out an undertaking of great advantage, but nobody to know what it is".
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May 6, 2022 20:59
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Hammerite posted:why is it called "day of defeat"? Don't worry, the white paper explains it all!  Oh, you didn't want to read all that? And you're wondering why they're so sure it will increase x a billion or whatever? Well, don't worry, the white paper answers that too!  Line goes up once equals line goes up always! And how will they do this?  THE "MYSTERIOUS PLAN" WILL DO THIS. In conclusion: anyone who got scammed by this loving deserved it.
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May 6, 2022 21:13
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bitcoins has been devastating to my view of humanity. who knew there are so many people who shouldn't be allowed near a computer, or knives
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May 6, 2022 21:30
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Backed by maths.
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May 6, 2022 21:42
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zedprime posted:You don't create or activate wallets. You merely borrow a public key from the number range that you came up with a private key for. The address was there before you came and will be there well after you're dead or the private key is compromised. So these wallets that are listed where some crypto coin was “burned” because no one owns it. You’re saying we should be mining for these public/private keys to access them? Makes about as much sense as regular crypto mining. I honestly don’t understand this crypto talk most of the time.
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May 6, 2022 21:44
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latinotwink1997 posted:So these wallets that are listed where some crypto coin was “burned” because no one owns it. You’re saying we should be mining for these public/private keys to access them? Makes about as much sense as regular crypto mining. It is not feasible to brute force a private key knowing only the public key, unless and until the cryptosystem is broken by advances in mathematics. that's an important principle of public key cryptography, which is used by much more than cryptocurrencies. It's not similar to mining because the principle in mining is that someone has to find an input that gives a result that is within a given tolerance of the target, and the tolerance is chosen so as to target the difficulty; but to have your guess at a private key work, it has to give a result that is precisely the public key. this is many orders of magnitude less likely than landing in range of the mining target, even for a cryptocurrency like Bitcoin with a very high hash rate and therefore very high difficulty (narrow range around the target).
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May 6, 2022 21:50
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