Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
pro starcraft loser
Jan 23, 2006

Stand back, this could get messy.


Someone needs to shop the hand in the window to be flipping him off

Adbot
ADBOT LOVES YOU

Durzel
Nov 15, 2005


I can see why he wants to back out of get Twitter buyout now.

pofcorn
May 30, 2011
And all the cryptobros and grifters will look up and shout 'SAVE US!'...and I'll look down and whisper 'No.'

Deptfordx
Dec 23, 2013


Lol. One of the clauses for termination of the Twitter deal is fraud on their data.

Looks to me like Musk is looking for a face saving way of backing out of the deal.

Scipiotik
Mar 2, 2004

"I would have won the race but for that."

Deptfordx posted:

Lol. One of the clauses for termination of the Twitter deal is fraud on their data.

Looks to me like Musk is looking for a face saving way of backing out of the deal.

He got the attention he wanted, no need to buy it.

Guze
Oct 10, 2007

Regular Human Bartender

5% of user are bots, but 100% of those bots are in Elon mentions stealing and shilling crypto

Random Stranger
Nov 27, 2009



There Bias Two posted:

Why the hell would anyone interact with the exchanges if they can, whenever you make a profit they don't like, completely reverse it on a whim?

Because blockchains don't work, so they had to invent banking to get around that.

If you had a bitcoin and wanted to turn I into real money, you have to find someone who will give you a pile of cash in exchange for your coin. Turns out that doing this person to person is a really bad idea even before you get into the problems of successfully doing a transaction on the blockchain. So you have someone holding your coin and cash for you so you can trade them around more freely. Of course, this relies on that bank being trustworthy and willing to actually give you real cash when you ask for it rather than using their own script...

killer crane
Dec 30, 2006

THUNDERDOME LOSER 2019

happyhippy posted:

Some more Elon Save Us funny.


https://twitter.com/imran_prsnl/status/1524783805298450432

The gift that keeps giving.

Gotta love a crypto bro with a che guevara pic.

Zil
Jun 4, 2011

Satanically Summoned Citrus


killer crane posted:

Gotta love a crypto bro with a che guevara pic.

Irony is dead.

hotdog feet
Nov 3, 2005
things I've bought in the last 24 hours:

shorts
a fun Halloween tie
a bag of dots pretzels
cat food
not crypto, lol
and, of course, the empanadas

Ramrod Hotshot
May 30, 2003

CarpenterWalrus posted:

watching crypto bros invent the Fed in real time is excellent content

happyhippy posted:

Some more Elon Save Us funny

The gift that keeps giving.

Elon is literally the fed chairman

Proud Christian Mom
Dec 20, 2006
READING COMPREHENSION IS HARD

hotdog feet posted:

things I've bought in the last 24 hours:

shorts
a fun Halloween tie
a bag of dots pretzels
cat food
not crypto, lol
and, of course, the empanadas

Yesterday I exchanged $5.50 of fiat money for a pork asado, egg and cheese burrito and came out easily ahead of everyone involved in crypto

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

https://decrypt.co/92525/terra-washington-nationals-sponsorship
They apparently paid 40mil in cash 3 months ago, lmao

Guze
Oct 10, 2007

Regular Human Bartender

Going to leave work and exchange some FIAT for beer.

Seth Pecksniff
May 27, 2004

can't believe shrek is fucking dead. rip to a real one.

Guze posted:

Going to leave work and exchange some FIAT for beer.

Yeah but will there be a blockchain record of you buying that beer? How can we ever know the beer is yours?

THINK SHEEPLE

Party Ape
Mar 5, 2007
Don't pay $10 bucks to change my avatar! Send me a $10 donation to Doctors with Borders and I'll stop posting for 24 hours!

Booyah- posted:

it's also something that all decent databases can already do with stored procedures. that's all a smart contract is, a stored procedure in the worlds slowest database

I wonder how many people spinning up modern enterprise level databases are actually using 'blockchain tables'.

"It's like a regular table, except you can't go back and edit the old data even if not doing so would put you in contempt of court."

WorldIndustries
Dec 21, 2004

LifeSunDeath posted:


https://decrypt.co/92525/terra-washington-nationals-sponsorship
They apparently paid 40mil in cash 3 months ago, lmao

yep they ran this ad during the middle of the crash

https://twitter.com/Nationals/status/1524072849337733120

can't make this stuff up

Demon Of The Fall
May 1, 2004

Nap Ghost
are there more videos of people screaming and crying as the bitcoin graph they're watching goes straight down, there had to be some the last few days

Ouhei
Oct 23, 2008

:minnie: Cat Army :minnie:

LifeSunDeath posted:


https://decrypt.co/92525/terra-washington-nationals-sponsorship
They apparently paid 40mil in cash 3 months ago, lmao

Crypto invaded sports sponsorships so hard this year, basically every F1 team has one on board, really curious how many of those are around next year lol.

zedprime
Jun 9, 2007

yospos

Seth Pecksniff posted:

Yeah but will there be a blockchain record of you buying that beer? How can we ever know the beer is yours?

THINK SHEEPLE
Bad example, beer can only be borrowed.

Proud Christian Mom
Dec 20, 2006
READING COMPREHENSION IS HARD

Ouhei posted:

Crypto invaded sports sponsorships so hard this year, basically every F1 team has one on board, really curious how many of those are around next year lol.

this is what happens when we ban tobacco sponsorship.

Cyrano4747
Sep 25, 2006

Yes, I know I'm old, get off my fucking lawn so I can yell at these clouds.

Ouhei posted:

Crypto invaded sports sponsorships so hard this year, basically every F1 team has one on board, really curious how many of those are around next year lol.

You saw this exact same thing happen around 99/00 when the dot com bubble was priming to pop. In particular the superbowl was loving FULL of adds for poo poo like e-stamp.com and pets.com. Lots of arena renamings iirc, and a poo poo ton of other sponsorships, all driving retail investors into a market that imploded in the next year.

It's the same pattern of insane/aspirational valuation getting a lot of attention and thus more cash and that cash getting spent in flashy and nuts ways to draw more cash to spend more to draw more. . . before it finally takes a poo poo.

greazeball
Feb 4, 2003



Party Ape posted:

The large amount of institutional money makes things a lot more spicy but not because of the risk of regulation, but because they'll all just cut and run without a seconds hesitation if they have to. with the rationalisation that "Ok, we put a third of our 200 billion dollar 'high risk fund' into bitcoin but we managed to recover 15b of that while driving the price to 0 and loving over our competitors who lost even more so we did well'.

As corporations start switching gear from 'holy gently caress, the government is just printing COVID money and giving it to us for free' to 'pre-recession footing', we should see them start unwinding their high risk investments so they have 'more cash' for 'the purge'. [Although the extent to which you believe this probably depends on how much you think bankers do things like 'care about the money they're entrusted with' or 'make good decisions after yet another night doing a lot of coke'.]

But if you accept the premise that corps are trying to unwind their risky positions and move into safer assets like investment property [have you noticed why property prices and rents are spiking again?] then its easier to imagine that 'institutional bitcoin' is a bit like a wild west shootout at the moment. All the players know what the plan is and are each unwinding as slow as possible to avoid a panic. But as soon as one investment bank makes an obvious move they'll all have to start dumping hard and we'll enter the 'cool zone' again.

So is this starting on Monday or what?


The most psychotic thing about crypto trading is that there are no more nights and weekends for traders, the markets never close. These greedy fuckers have to watch their poo poo 24/7 because
things can start happening at any time, not just when melondaddy wants some attention. Imagine the tension if you're trying to unwind your crackpot scheme with thousands of other tweaked out bluffers all at the same time. Phone pinging all the loving time with all the notifications you've got set up. Hoping you can shoot your shot before it all comes crashing down. There's gonna be a ton of people who can see the end coming and they're going to get themselves out any way they can. The wheels are gonna come FLYING off the whole thing in not too long.

Strong Sauce
Jul 2, 2003

You know I am not really your father.





Cyrano4747 posted:

You saw this exact same thing happen around 99/00 when the dot com bubble was priming to pop. In particular the superbowl was loving FULL of adds for poo poo like e-stamp.com and pets.com. Lots of arena renamings iirc, and a poo poo ton of other sponsorships, all driving retail investors into a market that imploded in the next year.

It's the same pattern of insane/aspirational valuation getting a lot of attention and thus more cash and that cash getting spent in flashy and nuts ways to draw more cash to spend more to draw more. . . before it finally takes a poo poo.

look at what happened to tech 20 years later. so what you're saying is crypto will be even bigger in 20 years right? BUY BUY BUY!

buglord
Jul 31, 2010

Cheating at a raffle? I sentence you to 1 year in jail! No! Two years! Three! Four! Five years! Ah! Ah! Ah! Ah!

Buglord

TheAgent posted:

Unfortunately, it won't work.

I was in and out of recovery programs in my 20s. As someone who spent time with a lot of addicts (including my own personal experiences with addiction), I realized we were all chasing the lows as well as the highs. There's no excitement or fun without there being real, actual consequences. For addicts, there's pleasure in the extremes. When you're winning, you're only one bad loving bet away and you're back to broke -- and hey, when you're broke, you're only a big play from being back on top.

Really, for a lot of addicts, it's not risk vs reward; it's risk and reward.

Thanks for sharing. That’s actually pretty interesting and wasn’t at all how I saw gambling addiction.

Beefed Owl
Sep 13, 2007

Come at me scrub-lord I'm ripped!
Crypto.com's shenanigans remind me of when somebody is caught card counting in a casino and they aren't allowed to play anymore but they do get to keep their winnings because the casino can't prove that they used any cheating device other than their brain and they don't want the hassle of being known to be a place that takes money from people who win but in this case it would be like they claim that the person was card counting even without evidence take all their money and kick them out of the casino.

When I'm basically saying is that casinos of all places have more common sense than crypto.com and I find that loving hilarious.

Time_pants
Jun 25, 2012

Now sauntering to the ring, please welcome the lackadaisical style of the man who is always doing something...

greazeball posted:

So is this starting on Monday or what?
It'll start sometime between now and never.

Honestly, I think everyone is just guessing at this point because we just don't know anything anymore. The brazen, transparent corruption endemic to cryptocurrency means that the whole thing is a house of cards in a hurricane that could collapse at any minute for any of a hundred different reasons. On the other hand, with institutional investors and billionaire psychopaths now entangled in the grift, maybe there is always just enough propping the whole thing up for money to be extracted from the con at the expense of an inexhaustible supply of enthusiastic marks in the form of retail speculators believing that the 1000-to-1 longshot of overnight success is all but assured.

I mean, gently caress, Amway's still around, right? Isn't that all cryptocurrency really is? Amway for nerds?

Strong Sauce
Jul 2, 2003

You know I am not really your father.





Beefed Owl posted:

Crypto.com's shenanigans remind me of when somebody is caught card counting in a casino and they aren't allowed to play anymore but they do get to keep their winnings because the casino can't prove that they used any cheating device other than their brain and they don't want the hassle of being known to be a place that takes money from people who win but in this case it would be like they claim that the person was card counting even without evidence take all their money and kick them out of the casino.

When I'm basically saying is that casinos of all places have more common sense than crypto.com and I find that loving hilarious.

In regards to cashing your chips:

Casinos in Vegas can refuse to cash your chips. If you just hand them a Flag ($5K) or Cranberry ($25K) and they've never seen you before. They're going to confiscate the chip, issue you a receipt and make you prove that you got that chip legally.

And while you are correct, a lot of casinos _do_ try to gently caress over card counters. It is illegal in many states to do this for card counting and you generally have to get local law enforcement to go over and basically make them pay you out. They do it knowing they're in the wrong but they're willing to harass you over it.

That DICK!
Sep 28, 2010

buglord posted:

Thanks for sharing. That’s actually pretty interesting and wasn’t at all how I saw gambling addiction.

raspurtin
Apr 18, 2005


what does "incestimated" mean, in this context? Is that a real legal term?

Ziv Zulander
Mar 24, 2017

ZZ for short



well gently caress

the worst person you know just made a great point

Wifi Toilet
Oct 1, 2004

Toilet Rascal

raspurtin posted:

what does "incestimated" mean, in this context? Is that a real legal term?

It's supposed to be "Twitter Inc estimated" but no one bothers double checking anything anymore before hitting that post button

Pham Nuwen
Oct 30, 2010



raspurtin posted:

what does "incestimated" mean, in this context? Is that a real legal term?

I noticed that too. If you click the link, the text is "Twitter Inc(TWTR.N)estimated", but (TWTR.N) is a hyperlink and for some reason got cut out of the Twitter preview.

"Incestimated" is a pretty funny word, though.


Guze posted:

Going to leave work and exchange some FIAT for beer.

Look, they're not reliable cars, but in the current auto market you can surely do better than that.

I love how crypto idiots have turned "fiat" into "FIAT" as though it were one of their ticker symbols.

"Funge it again, Token!"

No Mods No Masters
Oct 3, 2004

raspurtin posted:

what does "incestimated" mean, in this context? Is that a real legal term?

Presumably someone at reuters freudian slippin after a pornhub sesh

Billy Ray Blowjob
Nov 30, 2011

by Pragmatica
More like Bit cant

Blackchamber
Jan 25, 2005

Coworker has been playing with crypto, buying it and watching YouTube videos about it for 8 hours at work. When this all happened I made some jokes about him no longer being a millionaire and hoping he was smart enough to buy this dip which he said he already had. He spent the rest of the shift pretty much in silence, watching his crypto videos I'm guessing for reassurance.

Basically this has really ruined my fun because now I feel bad for him, he's a nice guy.

Crypto ruined my life by association. Please send help.

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

Blackchamber posted:

Coworker has been playing with crypto, buying it and watching YouTube videos about it for 8 hours at work. When this all happened I made some jokes about him no longer being a millionaire and hoping he was smart enough to buy this dip which he said he already had. He spent the rest of the shift pretty much in silence, watching his crypto videos I'm guessing for reassurance.

Basically this has really ruined my fun because now I feel bad for him, he's a nice guy.

Crypto ruined my life by association. Please send help.

sever
:sever:
sever

Fools Infinite
Mar 21, 2006
Journeyman
That is just sad. Probably the worst part is the people who have the money these people lost are definitely much more terrible people, which makes it hard to be happy about crypto bros losing their shirts.

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!

Crypto is prosperity gospel

Adbot
ADBOT LOVES YOU

BoldFace
Feb 28, 2011
https://twitter.com/Ryanair/status/1525083159725056002

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply