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Adding my name to the long list of people who find the current plummeting state of buttcoin and other cryptocurrency-related bullshit to be completely hilarious. I will never not laugh at seeing arrogant, condescending techbros making GBS threads their pants as they see their life savings evaporate due to their butts of choice becoming worthless overnight, and then still continuing to throw good money after bad in the hopes that their butts will somehow bounce back. 
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May 14, 2022 02:48
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May 14, 2022 02:50
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nightwisher posted:Luna is up 133x from it's absolute low yesterday and lmao of course now everyone is trying to dogpile into it, this never stops being funny. Plenty of people lamenting not loading up on Luna yesterday too. What's 133 x 0
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May 14, 2022 02:51
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specifically it's 133 x 0.0000011 I believe, so it's up to a whopping hundredth of a cent?
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May 14, 2022 02:52
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Heath posted:What's 133 x 0 The idea is that they could have swing traded into an easy money multiplier then bailed at the peak of this obvious pump. That's the only reason this thing is still alive, people think they can get easy money. nightwisher fucked around with this message at 02:57 on May 14, 2022 |
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May 14, 2022 02:54
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https://twitter.com/bigblackjacobin/status/1525193165543809024 yeah, if only you knew that Terra-Luna was a ponzi scheme beforehand. good thing you're invested in all of those other non-ponzi "ecosystems" such as.... uh............. which ones are those, again?
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May 14, 2022 04:54
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nightwisher posted:Luna is up 133x from it's absolute low yesterday and lmao of course now everyone is trying to dogpile into it, this never stops being funny. Plenty of people lamenting not loading up on Luna yesterday too. So that's like... a tenth of a penny or something? Edit: Oh... too generous I see Dr. Video Games 0031 posted:specifically it's 133 x 0.0000011 I believe, so it's up to a whopping hundredth of a cent?
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May 14, 2022 05:22
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Never thought I'd be pleased with anything Ryanair did, but that's a zinger
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May 14, 2022 05:23
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Also happened https://twitter.com/fxhedgers/status/1525305495036211203?s=21&t=4FGf_8gTnbm8lOTnUwKrpQ Weird how that works
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May 14, 2022 05:24
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Dr. Video Games 0031 posted:
they could invest in some ecosystem that's sort of like a group of people with a common goal who provide useful goods and services to other people
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May 14, 2022 05:33
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Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair.) But I haven't followed the story for many years; I've only looked in now and then at the last page or two of this thread. So I do know how blockchains work and what NFTs are (lol) and why this entire thing is a house of cards built upon nothing, but I haven't the slightest idea who/what Terra or Luna or anything else is, or what exactly happened to cause this big crash that's somehow all over the real-world news. So, a challenge, for anyone who cares to take it up: please summarize for me what the gently caress has happened here. Difficulty level: do it in one sentence. Go.
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May 14, 2022 05:39
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peg my coin daddy elon!!!
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May 14, 2022 05:42
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Powered Descent posted:Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair.) But I haven't followed the story for many years; I've only looked in now and then at the last page or two of this thread. So I do know how blockchains work and what NFTs are (lol) and why this entire thing is a house of cards built upon nothing, but I haven't the slightest idea who/what Terra or Luna or anything else is, or what exactly happened to cause this big crash that's somehow all over the real-world news. Terra claimed to be a decentralized, algorithmic stablecoin that would revolutionize the space, and turned out to be a ponzi scheme with more money going out than coming in - leading to a hilarious death spiral that was essentially mathematically guaranteed. https://www.reddit.com/r/Buttcoin/comments/un9kyl/how_the_lunaterra_scheme_worked/
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May 14, 2022 05:43
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cryptocurrencies went boom in a way that has attracted hundreds of billions of dollars in investment, a ton of different coins sprung up out of nowhere, and now the entire market is in decline with some coins failing spectacularly because there's nothing backing them and there's no reason for them to exist
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May 14, 2022 05:45
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Powered Descent posted:Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair.) But I haven't followed the story for many years; I've only looked in now and then at the last page or two of this thread. So I do know how blockchains work and what NFTs are (lol) and why this entire thing is a house of cards built upon nothing, but I haven't the slightest idea who/what Terra or Luna or anything else is, or what exactly happened to cause this big crash that's somehow all over the real-world news. 
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May 14, 2022 05:49
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Read the last 10 pages, all was explained already. Go.
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May 14, 2022 05:58
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Money: *just gets up and leaves*
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May 14, 2022 05:59
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Just did a quick google search for "btc" to see what the non-forums world is saying and the first 3 youtube results are fake as gently caress Musk streams doing Eve Online type double your isk [coin] scams. Perfect.
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May 14, 2022 06:01
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Booyah- posted:yep they ran this ad during the middle of the crash This is just so perfect. "why yes, I do in fact have questions..."
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May 14, 2022 06:13
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Powered Descent posted:Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair.) But I haven't followed the story for many years; I've only looked in now and then at the last page or two of this thread. So I do know how blockchains work and what NFTs are (lol) and why this entire thing is a house of cards built upon nothing, but I haven't the slightest idea who/what Terra or Luna or anything else is, or what exactly happened to cause this big crash that's somehow all over the real-world news. Line go down.
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May 14, 2022 06:31
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JohnCompany posted:Line go down. In fact Powered Decent accurately captures the trajectory of the line.
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May 14, 2022 06:43
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Found in a reddit thread asking "How could we have possibly known this would happen?" You see, the blame lies with all of the people who warned me for not being eloquent enough to convince me, and because way too many people warned me.
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May 14, 2022 07:25
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Powered Descent posted:Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair.) But I haven't followed the story for many years; I've only looked in now and then at the last page or two of this thread. So I do know how blockchains work and what NFTs are (lol) and why this entire thing is a house of cards built upon nothing, but I haven't the slightest idea who/what Terra or Luna or anything else is, or what exactly happened to cause this big crash that's somehow all over the real-world news. Greedy people trying to sell speculative funny-money to greedier people, and both committing financial suicide together.
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May 14, 2022 09:06
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Powered Descent posted:Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair.) But I haven't followed the story for many years; I've only looked in now and then at the last page or two of this thread. So I do know how blockchains work and what NFTs are (lol) and why this entire thing is a house of cards built upon nothing, but I haven't the slightest idea who/what Terra or Luna or anything else is, or what exactly happened to cause this big crash that's somehow all over the real-world news. number go down
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May 14, 2022 09:09
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deep dish peat moss posted:Found in a reddit thread asking "How could we have possibly known this would happen?" Lmao this is beautiful. Just the dumbest opinion written like it was sage wisdom
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May 14, 2022 09:10
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The Something Awful Forums › Main › General Bullshit › Bitcoin: Valid criticism and warnings, backed up by facts and analysis, are a dime a dozen.
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May 14, 2022 09:12
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Powered Descent posted:Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair.) But I haven't followed the story for many years; I've only looked in now and then at the last page or two of this thread. So I do know how blockchains work and what NFTs are (lol) and why this entire thing is a house of cards built upon nothing, but I haven't the slightest idea who/what Terra or Luna or anything else is, or what exactly happened to cause this big crash that's somehow all over the real-world news. Buttcoin.
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May 14, 2022 09:14
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musical chairs but with real or fake money
numberoneposter fucked around with this message at 09:31 on May 14, 2022 |
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May 14, 2022 09:28
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deep dish peat moss posted:Found in a reddit thread asking "How could we have possibly known this would happen?" The Saddest Rhino posted:Lmao this is beautiful. Just the dumbest opinion written like it was sage wisdom They're so close to figuring it out. Never has so much effort gone into remaining stupid.
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May 14, 2022 09:35
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Lol people have been saying crypto is a scam for over a decade and they have been proven right hundreds (thousands??) of times It is interesting though that there doesn't seem to be ANY of the "store of value/currency of the future" fuckwits left though.
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May 14, 2022 09:38
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Even if Crypto experiences a total crash, it doesn't remove the delusion and despair of all the people invested in this poo poo. Where will they go? They'll latch onto the next stupid get-rich-scheme, or idk maybe there'll be a new era of communes and cults.
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May 14, 2022 09:46
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its possible that sending money through BTC wallets internationally is a lot cheaper than sending wires, doesnt require bank accounts, and is somewhat secure. however its getting the money from BTC into spendable currency that really hasnt worked at all if i have BTC accumulated in my small boi 2 GPU Nicehash account it first has go to Coinbase or another sketchy exchange and then to Paypal, and then to my Canadian bank account. a cut taken at every level and takes about a day. if you are sending big money for legitimate reasons there is no reason not to just go through your bank and pay the $50. if its small money a number of other services make it really easy but its sorta expensive per dollar transferred. seems like a solution to a problem that doesnt exist?
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May 14, 2022 09:54
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If it does all crash how are people supposed to buy drugs online any more?
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May 14, 2022 10:01
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Skarsnik posted:If it does all crash how are people supposed to buy drugs online any more? That’s the beauty of it. The drug markets just cash out, they don’t care if a single bitcoin is worth one dollar or a million
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May 14, 2022 10:04
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this is good for bitcoin really. once wall street gets spooked and runs away we can get back to the fundamentals.
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May 14, 2022 10:18
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Mimesweeper posted:this is good for bitcoin really. once wall street gets spooked and runs away we can get back to the fundamentals. Fundamentals of fraud
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May 14, 2022 10:23
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Noob Saibot posted:Fundamentals of fraud Captains of Industry! Always just one bull rush away from being best mates with Elon
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May 14, 2022 10:31
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r/CryptoCurrency is in an absolute frenzy right now, everyone FOMOing into Luna because it's flipping the gently caress out and everyone's getting dreams of 1000x returns, and literally right as I'm typing this it's dumping back down hard in a matter of seconds. I'm sure a bunch of cashed-up whales made an obscene profit off of a horde of the absolute dumbest people.
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May 14, 2022 11:03
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Powered Descent posted:Back in the day, 10-12 years ago, I pointed and laughed at the bitcoin antfarm and kept up with all the details. (I was there when Bruce's phone vibrated off the arm of the chair) <Galadriel Voice> I was there in the beginning when Bruce Wagner, pedophile and convicted fraudster, was shilling bitcoins…
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May 14, 2022 11:40
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I 'member
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