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happyhippy posted:There's a poo poo load of 'Honey, remember that money we set aside for the outdoor pool...' talk going on today. Theres so many posts of these guys saying "lol my wife has no idea how much I put into bonercoin" All cheered on by their fellow addicts.
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May 12, 2022 17:27
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Serjeant Buzfuz posted: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. you can make a little money that way. you can't get rich that way unless you screw over millions of people (which generally requires you to be pretty rich to begin with) or you screw over someone rich (which is illegal) A Wizard of Goatse fucked around with this message at 17:30 on May 12, 2022 |
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May 12, 2022 17:28
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https://twitter.com/Shocwarma/status/1524480165023297540
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May 12, 2022 17:30
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https://twitter.com/terra_money/status/1524785058296778752 I'm not dumb enough to understand what exactly that means, but I'm going to pop open a bottle of champagne anyway.
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May 12, 2022 17:36
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It's amazing to watch twitter feeds from like 4 hours ago musing about how things might turn around or be a good investment And then like an update 5 mins ago is all "oh God. No. No. It's all gone. I'm sorry. I'm so sorry" Just lol you dumb fucks
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May 12, 2022 17:37
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BoldFace posted:https://twitter.com/terra_money/status/1524785058296778752 It means that because the price of Luna is getting so low, the algorithm lets you turn one Terra into hundreds of Luna, orders of magnitude than last night even. And since Luna is like voting scrip on their project that means the hyper inflation would let people print themselves tons of votes and take over. lol
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May 12, 2022 17:40
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you have to buy low and sell high
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May 12, 2022 17:41
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That DICK! posted:you have to buy low and sell high *writing* buy LOW?? Is that right?
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May 12, 2022 17:42
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Seth Pecksniff posted: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 Last year the crypto Cardano/ADA announced in like March/April that they would be releasing ~the next evolution~ of NFT smart contract technology in August of that year. For whatever reason the same bells and whistles went off in my brain that went off when I used to play MMOs and read patch notes and saw that some item or material would have a new use after the patch. In World of Warcraft when that happened I would buy up a whole lot of that garbage and then dump it at ultra-inflated prices on patch day. Well I threw a bunch of money into Cardano at like $1.24 and waited until August and they announced the launch of their new thing, and I dumped every single one at $2.98. And then the new NFT thing was a complete utter failure and the price tanked to under $1, just like every MMO patch ever. That's the only time I've touched Crypto, and it taught me that the market of Crypto users is a circular venn diagram with MMO players. From years of experience of playing MMOs for nothing but their auction houses I know that the average MMO player (a) has no attachment to their money and no comprehension of its actual value or purchasing power, (b) is always happy to buy things at the "best available" price in this instant, even when the entire market is overpriced, (c) relies on word of mouth to know the value of things and will take most prices at face value, (d) does not think beyond the immediate future in regard to their purchases and investments, and (e) is always happy to buy something just because it's new. Now if only I wasn't broke as poo poo when I did that I would have had gently caress you money 
deep dish peat moss fucked around with this message at 17:48 on May 12, 2022 |
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May 12, 2022 17:42
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deep dish peat moss posted:Last year the crypto Cardano/ADA announced in like March/April that they would be releasing ~the next evolution~ of NFT smart contract technology in August of that year. For whatever reason the same bells and whistles went off in my brain that went off when I used to play MMOs and read patch notes and saw that some item or material would have a new use after the patch. In World of Warcraft when that happened I would buy up a whole lot of that garbage and then dump it at ultra-inflated prices on patch day. Well I threw a bunch of money into Cardano at like $1.24 and waited until August and they announced the launch of their new thing, and I dumped every single one at $2.98. And then the new NFT thing was a complete utter failure and the price tanked to under $1, just like every MMO patch ever. they don't even hide it, they write whitepapers about how traditional economics is busted because Blizzard released a new expansion that made the shiny thing they spent 1000 hours grinding for obsolete (or worse, accessible to casuals) and crypto is the only way to correct these injustices
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May 12, 2022 17:47
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priznat posted: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 17:48
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Arsenic Lupin posted:In the '80s, there were friends of friends who had wallpapered their bathroom with the share certificates of failed employers. Other than wallpaper in a bathroom (ew!) that rocks
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May 12, 2022 17:49
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This is the kind of stuff dreams are made of
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May 12, 2022 17:49
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priznat posted:Other than wallpaper in a bathroom (ew!) that rocks it was the 80s, back then you were wallpapering your wallpaper
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May 12, 2022 17:50
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priznat posted:Other than wallpaper in a bathroom (ew!) that rocks
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May 12, 2022 17:52
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priznat posted: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! It might be a good investment. Enron's stock price peaked at $90, but stock certificates these days go for over $200! Someone post that Bitcoin cheque with Ron Paul's face on it.
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May 12, 2022 17:53
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the holy poopacy posted:they don't even hide it, they write whitepapers about how traditional economics is busted because Blizzard released a new expansion that made the shiny thing they spent 1000 hours grinding for obsolete (or worse, accessible to casuals) and crypto is the only way to correct these injustices The biggest whale in crypto, Mr S. Bankman, has one of his hands in basically a permanent claw shape from playing too much League of Legends
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May 12, 2022 17:53
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the holy poopacy posted:they don't even hide it, they write whitepapers about how traditional economics is busted because Blizzard released a new expansion that made the shiny thing they spent 1000 hours grinding for obsolete (or worse, accessible to casuals) and crypto is the only way to correct these injustices And yet the WoW AH economy is 15+ years going and hasn't gone to lovely extremes. While fadcoin of the month gets rugged or collapses instantly.
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May 12, 2022 17:53
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latinotwink1997 posted:This is the kind of stuff dreams are made of lol look at this other tweet made by this guy about his wife: https://twitter.com/itsloganshippy/status/1504983994575855619 it's too bad he lost all of their assets so she'll get nothing in the divorce
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May 12, 2022 17:53
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May 12, 2022 17:55
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that guy decided to double down and buy even more luna at $0.50, which is now worth $0.01, or i guess $0.00 since the chain is offline and can't process any trades https://twitter.com/itsloganshippy/status/1524696242420428800
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May 12, 2022 17:57
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deep dish peat moss posted:lol look at this other tweet made by this guy about his wife: lol what a piece of poo poo
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May 12, 2022 17:57
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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. the real innovation with crypto is that we got to witness and document this cargo cult phenomenon in real-time, all day every day for a decade. every crypto twitter thread and subreddit is nothing more than a bunch of dolts who are LARPing as Wall Street investment banking types but with computer-toucher jargon.
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May 12, 2022 17:57
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The dumbest guys are always the most misogynistic
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May 12, 2022 17:59
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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? The LUNA algorithm isn't something new. It's called Death Spiral Financing on Wall Street and it has been around for over a century. The advantage is that you can get funding for incredibly cheap as long as people believe in you. The downside is the contract setup ensures that any downturn will cause the value to go to zero. https://www.investopedia.com/terms/d/deathspiral.asp
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May 12, 2022 18:00
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hotdog feet posted:(I'm gonna buy lunch with my $10 because i love empanadas) In the land of bankrupted crypto bros, the man with a delicious empanada is king.
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May 12, 2022 18:00
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are we finally at the part where all the crypto guys learn why we have banking regulations?
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May 12, 2022 18:01
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ikanreed posted:The dumbest guys are always the most misogynistic Remember the famous Bitconnect speech? quote:My wife still doesn’t believe in me! I’m telling him “Oh honey, this is real!” “Oh no no no no no, that’s a scam!” And I said “But wait I’m gonna go to the bank and I’m gonna get my bitcoins and I’m actually gonna turn it into dollars, here there right on the table!” “No, that’s money you took from another account!” And I’ll say “What am I gonna do‽” Then I said to myself, “You know what? When I am starting to put $10,000 a day on her, right on her, you know on her table.” Then she’s gonna say “Woah!”
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May 12, 2022 18:03
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I like how mainstream news has not reported any butt news because its not real money. like EVE online historians have more legitimacy going on TV than any butter.
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May 12, 2022 18:05
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I have a buddy who’s gotten into crypto a bit in the last year and got swept into the hype that I shared this graph with: 
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May 12, 2022 18:06
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ASenileAnimal posted:are we finally at the part where all the crypto guys learn why we have banking regulations? this whole crypto thing is like a massive history lesson in what the stock market was like before 1940.
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May 12, 2022 18:07
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PhazonLink posted:I like how mainstream news has not reported any butt news because its not real money. the EVE stuff was fun, Crypto is just sad and lame.
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May 12, 2022 18:08
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BoldFace posted:https://twitter.com/terra_money/status/1524785058296778752 They're pressing pause so they can pass this vote: https://agora.terra.money/t/burn-the-remaining-ust-in-the-community-pool-cross-chain-liquidity-incentive-ust/6837 Here's what that poo poo means in plain english: "Hey, see this billion dollars of fake money that we gave to ourselves? We're gonna press delete! That way confidence in our fake money will be restored, because everyone will see that we have no ulterior motive." Or even more succinctly: "Please clap, or tinkerbell will die! Why aren't you clapping?!"
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May 12, 2022 18:08
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https://twitter.com/PeterMcCormack/status/1524787420704776194
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May 12, 2022 18:12
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golden bubble posted:The best part is that LUNA isn't even innovative by finance standards. The normal finance world of Wall Street knows all about it, and it's called "Death Spiral Financing" for obvious reasons. It's a well known arrangement for desperate companies to get YOLO funding knowing full well that any drop in confidence will end with bankruptcy and total collapse.  https://blockworks.co/nonprofit-raises-1b-to-create-bitcoin-reserve-support-terra-ecosystem-growth/ news posted:A nonprofit working to scale the ecosystem of the Terra blockchain has raised $1 billion in a private token sale.  The same Jump HFT firm that Robinhood uses as the data broker? The same Jump that funded $320m after the wormhole hacker theft? https://www.bloomberg.com/news/articles/2022-03-26/inside-jump-trading-s-response-to-a-325-million-wormhole-heist https://decrypt.co/92709/jump-crypto-wormhole-defi?amp=1 https://youtube.com/watch?v=_D2SQeCWp1Q&ab_channel=BloombergMarketsandFinance  edit: lmbo if true 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.
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May 12, 2022 18:16
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https://twitter.com/ksicrypto/status/1524149087188267010
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May 12, 2022 18:18
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Looking at the rest of his feed, his 2.8 million is currently worth $1000.
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May 12, 2022 18:20
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https://twitter.com/Bitfinexed/status/1524800038592995328?s=20&t=QUGgnnTmJDx7QFOdMRj9Ow Seems fine
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May 12, 2022 18:21
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Spaced God posted:https://twitter.com/Bitfinexed/status/1524800038592995328?s=20&t=QUGgnnTmJDx7QFOdMRj9Ow "Your funds are safe." is an incredibly ominous error message. I am not convinced that the funds are, in fact, safe.
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May 12, 2022 18:23
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There Bias Two posted:"Your funds are safe." is an incredibly ominous error message. they are safe with the guy who stole them.
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May 12, 2022 18:24
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