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What ever happened to CUM Coin that Musk was promoting?
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May 12, 2022 15:55
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Like so much cum, straight into the toilet
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May 12, 2022 15:57
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Darth TNT posted:Who are the idiots buying for 1? Absolutely no one, except the people who run the stablecoins say that they will buy it at $1 any time someone wants to cash out, and they support its value and their ability to afford to do that through the imaginary value of their other coins that they created. They're basically casino chips, except the vault is 80% full of a different casino's chip instead of actual real money, and the plan is that if you want to cash out more cash than they have on hand they will quickly run to the other casino and redeem those chips there in order to pay you. But the part they don't tell you is that they own the other casino too, and it has the exact same setup. deep dish peat moss fucked around with this message at 16:05 on May 12, 2022 |
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May 12, 2022 16:02
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Its Shrutebucks and StanleyNickels all the way down.
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May 12, 2022 16:14
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Guze posted:Its Shrutebucks and StanleyNickels all the way down. What's the ratio of apples to unicorns?
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May 12, 2022 16:18
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Squiggle posted:Like so much cum, straight into the toilet I've got mine invested in s
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May 12, 2022 16:22
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I'm so happy that things are still falling apart 
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May 12, 2022 16:25
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I am having fun staying poor. I'm doing it in the house I own.
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May 12, 2022 16:30
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https://twitter.com/novogratz/status/1478535972560195585
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May 12, 2022 16:33
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I would definitely throw a few hundred bucks at this poo poo show but I guess since RH can't trade Luna RH is saving me a few hundred bucks.
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May 12, 2022 16:34
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That is a really poorly drawn wolf.
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May 12, 2022 16:37
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The LUNA algorithm was never meant to actually run at all, wasn't it? The idea was probably that the mere existence of the algorithm was enough to cause buyers and sellers to self-regulate the value of UST in a sort of chess-like "the threat is more powerful than the attack" sense, I guess? The fact that it still stands at 0.45 (at least for now) despite LUNA having hit rock-bottom sort of leads a tiny amount of credence to that notion, but LMAO at free-market geniuses building something that requires any amount of cooperation from participants to be functional.
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May 12, 2022 16:40
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https://twitter.com/Cryptofly777/status/1523879653215117318?t=NONlz3kYPhzrnj1bCCbBNw&s=19
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May 12, 2022 16:41
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Aramis posted:The LUNA algorithm was never meant to actually run at all, wasn't it? The idea was probably that the mere existence of the algorithm was enough to cause buyers and sellers to self-regulate the value of UST in a sort of chess-like "the threat is more powerful than the attack" sense, I guess? What? I'm pretty sure it's running, that's why billions of LUNA have been printed in the last few days.
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May 12, 2022 16:42
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He's been awfully quiet lately.
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May 12, 2022 16:44
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HappyHippo posted:What? I'm pretty sure it's running, that's why billions of LUNA have been printed in the last few days. I'm not saying that it's not running at all, but that it was never meant to, or at least not at that scale. If people just traded their UST at or around the pegged 1$ value, then the algorithm wouldn't have to run, and when it did, it would just be some minor influence, and the system would achieve  stability.
Aramis fucked around with this message at 16:50 on May 12, 2022 |
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May 12, 2022 16:45
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pro starcraft loser posted:I would definitely throw a few hundred bucks at this poo poo show but I guess since RH can't trade Luna RH is saving me a few hundred bucks. can you just like film yourself clamping a car battery to your nuts or something, announcing you're a dumbass and not putting up is wasting my time
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May 12, 2022 16:45
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Let this be a reminder to those that have forgotten. THINGS WE HAVE ACHIEVED: - When we want to move money, we move our drat money. No ifs, no buts, no fear from the banks that we 'trust'. - It's OUR MONEY, we do what we WANT, WHENEVER we want, and FAST . That's Bitcoin. - We funded and supported or friends in UKRAINE . We acted QUICKER than the nation-state governments. WE ARE FREEDOM. That's Bitcoin. - We don't print money from thin air like the FED does. Look at the state of the world now as a result. WE ARE JUSTICE. That's Bitcoin One bitcoin, is one bitcoin, and will always be one bitcoin. source: r/bitcoin lol
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May 12, 2022 16:47
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I needed to change my graph settings for LUNA to logarithmic to clearly see each time the value halves.
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May 12, 2022 16:47
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ikanreed posted:If you're raised your whole life to see almost fictitiously valued securities, based almost entirely on speculation, as the way to financial security, it's not too crazy to just drop the almost. I never thought of it like that before. If you look at the history of cargo cults, they acted the way they did because they didn't understand how flight or logistics worked but wanted the gods to bring them more of that delicious cargo. So if you don't understand how modern derivatives work (which is literally everyone including myself, I'm pretty sure they're all just agreeing to pay each other hand jobs and cocaine in a dark room together and the derivatives aren't real), you might try to build fake derivatives to summon wealth in the same way. I'm as guilty of this as anyone, trying to summon the gods of "exercise" and "god I really mean it this time" by buying new sneakers, but in my defence I never yoloed millions of dollars into a virtual box that promised me a 20% ROI so I'm taking take as my win for the day.
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May 12, 2022 16:48
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Fire or knife
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May 12, 2022 16:49
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"Gotta cover this up somehow" *Adds tear under wolf's eye*
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May 12, 2022 16:50
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Aramis posted:I'm not saying that it's not running at all, but that it was never meant to. I think it was more that it was running and "worked" so long as deviations were small, but once there was a larger deviation the house of cards fell over. Fundamentally it was based on people having confidence that LUNA was worth something, once that was lost it went to poo poo all at once.
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May 12, 2022 16:52
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Party Ape posted:I never thought of it like that before. If you look at the history of cargo cults, they acted the way they did because they didn't understand how flight or logistics worked but wanted the gods to bring them more of that delicious cargo. Even better, this is a cargo cult that thinks that they can do it better than the original!
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May 12, 2022 16:55
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Boywhiz88 posted:Sorry to quote myself but you guys need to see how broken these people are. The comments on some of these.... Also, really loving the concept of "gotta work harder" even though it's just putting good money after bad in a slot machine rather than any kind of actual work. Yep, and Luna is not even a slot machine, at this point it's a mathematically guaranteed death spiral. Do Kwon surely knows this because he already built a failed algo stablecoin under a pseudonym, but instead of warning his current bag holders he said the Terra project would bounce back. It's just 100% a cult where people will self harm if the leader tells them to.
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May 12, 2022 17:03
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LUNA has flatlined, trading at $0.01 per token that was hovering around $80-90 pre-crash The people who held on have lost literally everything now
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May 12, 2022 17:12
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Man, i would totally understand if somebody looked at these prices and said "lol might as well throw $10 at it because who loving cares" but these psychopaths dropping major bank on this poo poo is intense. some real gamblers fallacy going on here
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May 12, 2022 17:12
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I'm glad I bought a little bit of crypto last year for the same reason I'm glad I bought a basic Star Citizen package. I'm invested in the drama, and I'm obligated to follow it to the bitter end.
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May 12, 2022 17:13
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(I'm gonna buy lunch with my $10 because i love empanadas)
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May 12, 2022 17:13
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you can make billions on fake money but you need to own the people who can write the checks and have nominal control over the police and military to back it up. crypto morons don't understand the last part.
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May 12, 2022 17:13
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hotdog feet posted:(I'm gonna buy lunch with my $10 because i love empanadas) Don't forget the dip!
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May 12, 2022 17:14
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I bought Dogecoin last year on a lark when it was like .0045 and then it went up to like .0080 and I sold and made a minor profit That's about the extent of crypto I've ever or will ever do
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May 12, 2022 17:15
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Party Ape posted:I never thought of it like that before. If you look at the history of cargo cults, they acted the way they did because they didn't understand how flight or logistics worked but wanted the gods to bring them more of that delicious cargo. they've been told all their lives that you get rich by being smart and working hard, and replicated to a tee the 'work' you see the very rich doing. unfortunately upon further research it turns out you actually get rich by having rich friends and family and the other stuff is largely window dressing
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May 12, 2022 17:16
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(Kramers into the thread) hey guys, I got slurp juices here… oh, oh no.
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May 12, 2022 17:21
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repiv posted:The people who held on have lost literally everything now There's a poo poo load of 'Honey, remember that money we set aside for the outdoor pool...' talk going on today. Might invest in divorce lawyer stock brb.
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May 12, 2022 17:21
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A Wizard of Goatse posted:they've been told all their lives that you get rich by being smart and working hard, and replicated to a tee the 'work' you see the very rich doing. unfortunately upon further research it turns out you actually get rich by having rich friends and family and the other stuff is largely window dressing Don't forget you can get rich by being a greedy bastard and screwing over everyone else you possibly can, you know, the crypto method.
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May 12, 2022 17:22
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https://twitter.com/terra_money/status/1524785058296778752
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May 12, 2022 17:22
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Hillary 2024 posted:(Kramers into the thread) hey guys, I got slurp juices here… oh, oh no. George: Did you slurp? Jerry, he slurped!
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May 12, 2022 17:23
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repiv posted:LUNA has flatlined, trading at $0.01 per token that was hovering around $80-90 pre-crash But they still have their dignity!
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May 12, 2022 17:23
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I had an economics prof that liked to collect share certificates of high profile stocks that tanked and became worthless, I wonder if he is getting worthless crypto coins. Probably not, don’t even get a nice printed certificate. He had a binder full of em!
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May 12, 2022 17:25
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