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The rise of the crypto cop Further adventures of the IRS agent who was involved in taking down that child porn site.
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May 11, 2022 17:40
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| # ? May 30, 2024 02:56 |
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ekuNNN posted:To the Moon! I warned you bro 
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May 11, 2022 17:42
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Even if cryptocurrency finally dies for good, the diehards will spend the rest of their lives convinced that it was a conspiracy by Big Fiat or SOROS or whatever the hell, to suppress the True Currency of the People.
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May 11, 2022 17:42
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ultrafilter posted:The rise of the crypto cop I just read the longer article about it in Wired. It was interesting and also extremely depressing.
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May 11, 2022 17:46
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alnilam posted:Even if cryptocurrency finally dies for good, the diehards will spend the rest of their lives convinced that it was a conspiracy by Big Fiat or SOROS or whatever the hell, to suppress the True Currency of the People. Yeah, I was just reading this Hamilton Nolan piece from a few months ago that points out that these people all at once losing their grasp on what they consider an escape from the American Reality is going to go very poorly.
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May 11, 2022 17:51
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alnilam posted:Even if cryptocurrency finally dies for good, the diehards will spend the rest of their lives convinced that it was a conspiracy by Big Fiat or SOROS or whatever the hell, to suppress the True Currency of the People. Just as with other types of fundamentalist throughout the ages, no point in reasoning or explaining anything to these clowns, they are nearly almost universally a lost cause. The world is an insanely complicated place - you're not supposed to know everything, all the time - but they will gravitate to some of the most insane poo poo ever conceived rather than admit they've been had or don't have all the answers in any number of areas. In this case, it's tech bro-worshipping, Gordon Gecko wannabes that got balls deep into scamland and now the party's starting to not look so good, so they'll find some batshit excuse rather than think or say that they, with their total financial irresponsibility, are responsible in any way.
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May 11, 2022 17:52
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 https://hyperallergic.com/731767/madonnas-nft-beeple-collab/
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May 11, 2022 18:15
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Squiggle posted:Yeah, I was just reading this Hamilton Nolan piece from a few months ago that points out that these people all at once losing their grasp on what they consider an escape from the American Reality is going to go very poorly. This is a very good article, thanks for surfacing it again. “Investing” is how you’re supposed to get ahead in America, and that’s only accelerated in our lifetimes, as America’s strategy has been to provide the unchallenged resource allocation model for the world. Actual material production is secondary. The house you live in, if your name is on the title, isn’t just a roof over your head, it’s also an “investment.”But even if you come back to reality, what “investments” are on offer? More and more of the high growth tech companies are coming to market with dual- or multi-class shares where you don’t even have the fig leaf of voting rights or meaningful participation. I believe the number I saw was in the neighborhood of 30% of IPOs on the NASDAQ last year. It’s just another case of “number go up.” The best way for most people to invest, which somewhat insulates them from the gambling inherent to the crypto crap, but also from influencing corporate decision making, is through broad stock market ETFs. You’re starting to see Musk and his buddies rant about this, but they’re authoritarians in their own right, and many of them have bankrolled the companies issuing multi-class shares while using stuff like crypto and trading apps to talk economic inclusion out of the other side of their mouth. The abstractions underpinning our economy are buckling, and Yet Another Crypto Crash is just one milestone in a scenario that’s going to take years to play out, but I struggle to see how we can avoid a broader backlash. If we’re lucky, what will come of this is Vice, BuzzFeed, or whatever equivalent outfit exists in 20 years running a series of hilarious articles with headlines like “These True Believers Are Still Mining Bitcoin, We Asked Them Why.” But it feels like that outcome needs a lot of luck indeed.
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May 11, 2022 18:19
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lord help me but I'll never not laugh at "a chav nicked me apes".
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May 11, 2022 18:23
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Is this slurp juice?
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May 11, 2022 18:27
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Is any of this real? (I'm including Madonna in that question)
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May 11, 2022 18:28
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https://mobile.twitter.com/MetaWolf_Club/status/1524434215726628865
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May 11, 2022 18:44
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https://twitter.com/paoloardoino/status/1524411836120158210 (for context, that is the CTO of bitfinex/tether)
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May 11, 2022 18:44
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third times the charm https://twitter.com/web3isgreat/status/1524443341613678592
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May 11, 2022 18:44
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ultrafilter posted:The rise of the crypto cop I liked how the government needs a place to stash seized crypto but they can't find anyone who isn't involved in obvious criming.
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May 11, 2022 18:45
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I did not expect that this thread would lead to me watching centipedes crawl out of Madonna's vagina.
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May 11, 2022 18:47
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Justify My Rug
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May 11, 2022 18:48
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repiv posted:third times the charm quote:using the pseudonym Rick Sanchez
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May 11, 2022 18:48
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I guess the $65 million beeple got for his previous NFT simply wasnt enough
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May 11, 2022 18:52
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Ohthehugemanatee posted:I did not expect that this thread would lead to me watching centipedes crawl out of Madonna's vagina. Well, it was more likely than you might think.
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May 11, 2022 18:53
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It makes me very happy when crypto does bad. Happy in my heart.
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May 11, 2022 18:55
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Ohthehugemanatee posted:I did not expect that this thread would lead to me watching centipedes crawl out of Madonna's vagina. 
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May 11, 2022 18:59
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repiv posted:third times the charm https://twitter.com/web3isgreat/status/1524445135555203074 I thought it was odd that this article dropped at this specific moment in time, and it seems like CoinDesk knew about this for some time and withheld going to press with this information until now. Very curious, that.
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May 11, 2022 19:00
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Very fun watching the BTC graph trying to keep its head above the symbolic 30K number. Pretty big wall of people fighting there but also there's a huge SELL IT ALL wall at $25K
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May 11, 2022 19:02
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Durzel posted:
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May 11, 2022 19:04
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lol https://twitter.com/NotABigJerk/status/1524377864954691586
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May 11, 2022 19:04
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Strong Sauce posted:Very fun watching the BTC graph trying to keep its head above the symbolic 30K number. Pretty big wall of people fighting there but also there's a huge SELL IT ALL wall at $25K 
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May 11, 2022 19:04
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A lot of people are losing a lot of money they cannot afford to lose because they got tricked which is bad, but my beliefs that crypto is stupid are being vindicated which is good.
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May 11, 2022 19:05
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Guze posted:A lot of people are losing a lot of money they cannot afford to lose because they got tricked which is bad, but my beliefs that crypto is stupid are being vindicated which is good. To be fair, we did try to warn them. But if the crash is big enough I wouldn't be surprised to see some kind of government action taken.
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May 11, 2022 19:08
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Guze posted:A lot of people are losing a lot of money they cannot afford to lose because they got tricked which is bad, but my beliefs that crypto is stupid are being vindicated which is good. pretty much.
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May 11, 2022 19:08
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She makes a great point.
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May 11, 2022 19:08
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It's sad that regular stupid people are losing money they can't afford to lose, but the sooner the crypto crash happens the fewer people will be impacted. Fidelity is trying to get this poo poo into 401ks and there have already been a few pension funds buying crypto, I hope we aren't in "too big to fail" US bailing out bitcoin territory yet, but we're not that far off if it doesn't crash soon
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May 11, 2022 19:09
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Durzel posted:Is any of this real? (I'm including Madonna in that question) click here to watch the vids IF YOU DARE extremely  and  https://motherofcreation.xyz/Ohthehugemanatee posted:I did not expect that this thread would lead to me watching centipedes crawl out of Madonna's vagina.
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May 11, 2022 19:10
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Edit: ^^ Please tell me there is one of her releasing a swarm of bees from there. I can't believe so many very respectable, clearly understood, and not at all suspicious stable coins are not in fact stable.
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May 11, 2022 19:11
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Lol I just noticed on the coindesk site that they have an option to show the graph in linear or logarithmic scale.
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May 11, 2022 19:12
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wilderthanmild posted:Edit: ^^ Please tell me there is one of her releasing a swarm of bees from there. she appears to be farting a swarm of butterflies in the second vid if that's your jam?
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May 11, 2022 19:15
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repiv posted:third times the charm In bird person language, wubalubadubdub means "This is a scam. I am going to steal your money."
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May 11, 2022 19:16
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Strong Sauce posted:Very fun watching the BTC graph trying to keep its head above the symbolic 30K number. Pretty big wall of people fighting there but also there's a huge SELL IT ALL wall at $25K If bitcoin hits $25k in the next two days, I am going have a little "crypto is dead" celebration. Maybe some kind of crypto cake. I think they'll burn up the money printer before allowing that to happen, so I think it's sadly unlikely, but it's possible enough that I am enjoying the hell out of this.
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May 11, 2022 19:16
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"there's a full grown tree coming out of her vagina" - a thought i never knew existed
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May 11, 2022 19:16
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Strong Sauce posted:General Bullshit > Bitcoin: "there's a full grown tree coming out of her vagina"
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May 11, 2022 19:18
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