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Powershift posted:It's considerably dumber than that. wow sounds like a stable and non reactionary system.
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May 17, 2022 04:04
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The Lone Badger posted:Didn't that other exchange just unilaterally reverse any transactions that lost them money?
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May 17, 2022 04:14
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Shumagorath posted:It sounded like they were cancelling trades made against stale pricing. If they didn't uniformly cancel everything on an interval and just the ones that made money, that's a new low even for crypto. So that's probably what happened.
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May 17, 2022 04:52
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ultrafilter posted:Fun fact: New York's Supreme Court is not the highest court in the state. That honor goes to the New York Court of Appeals. I have no idea whether they'd hear an appeal for this case, but I don't doubt one will be filed. Law & Order taught me that! Thanks Jack McCoy!
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May 17, 2022 05:03
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THIS_IS_FINE posted:Sorry if I missed it but why did number go down? I thought number go up? what even is number, really?
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May 17, 2022 05:04
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a number is a measurement of something. in this case 0.000000000000000000......00000000000000000 money units.
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May 17, 2022 05:08
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Finally a real world example of infinitesimals in action!
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May 17, 2022 05:16
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THIS_IS_FINE posted:The 99.999% drop for Luna? Was it a rugpull? Even better. The algorithm that is supposed to stablize the coin basically guarantees the whole thing goes into a death sprial the second prices start dropping rapidly. In theory the devs could have propped it up to stop the bleeding, but lmao.
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May 17, 2022 05:19
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Guys I’m starting to suspect that this bitcoin thing might not be as perfect as it seems.
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May 17, 2022 05:28
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https://twitter.com/thegangsterofl2/status/1526274567915851778
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May 17, 2022 05:36
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Gutcruncher posted:Guys I’m starting to suspect that this bitcoin thing might not be as perfect as it seems. If you think of it as a hand grenade that sucks all the money from whomever is holding it at the time when it explodes, it is perfect.
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May 17, 2022 05:49
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Gutcruncher posted:Guys I’m starting to suspect that this bitcoin thing might not be as perfect as it seems.
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May 17, 2022 06:03
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lilljonas posted:The big lol is that the rallying cry of crypto has been that fiat curriencies are worthless because they're not pegged to something "real", but just the belief in the country and central bank connected to it. But no, imaginary tokens minted by people under aliases taken from cartoons are so much more stable. They learned the concept that some things are not intrinsically valuable, their value comes from everybody agreeing that they are valuable. Like fiat currency, or a $4000 purse. Then they made the leap that if we all agree a thing is valuable we can magically make anything valuable. We can make imaginary internet pogs valuable if we all believe hard enough. We can get rich just by claiming that we are already rich and trading ugly ape pictures back and forth for thousands of dollars. It's a spell to create wealth from nothing via the ritual performance of a cargo cult currency exchange and vigorously sharing the Good News. But their faith was not strong enough to make the spell work. 
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May 17, 2022 06:24
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https://twitter.com/fxhedgers/status/1526437105009709056?s=21&t=ctwrayh7Ke4b2DN7YNMvxA NBD
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May 17, 2022 06:51
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I want all of this to just fall to pieces
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May 17, 2022 06:52
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Heath posted:I want all of this to just fall to pieces It’s their last resort
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May 17, 2022 06:53
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Heath posted:I want all of this to just fall to pieces the whole thing seems a lot more fragile after the last few weeks. that wasn't a huge shock to the regular markets, imagine what will happen if people are panicking there and suddenly want all their money back
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May 17, 2022 07:02
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Booyah- posted:what will happen if people are panicking there and suddenly want all their money back The exchanges close withdrawals for security reasons. Easy.
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May 17, 2022 07:07
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scheduled maintenance
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May 17, 2022 07:10
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MarcusSA posted:https://twitter.com/fxhedgers/status/1526437105009709056?s=21&t=ctwrayh7Ke4b2DN7YNMvxA this is not a thing that's happening right now but the headline of a news article about the ongoing market cap drop we posted about earlier: 
Dr. Video Games 0031 fucked around with this message at 07:20 on May 17, 2022 |
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May 17, 2022 07:17
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Zamujasa posted:scheduled maintenance The maintenance schedule was in a filing cabinet in a disused toilet in the basement. You could have checked it in advance if you cared!
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May 17, 2022 07:19
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Dr. Video Games 0031 posted:this is not a thing that's happening right now but the headline of a news article about the ongoing market cap drop we posted about earlier: Would you say they're trying to... HODL the line?
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May 17, 2022 07:21
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Dr. Video Games 0031 posted:this is not a thing that's happening right now but the headline of a news article about the ongoing market cap drop we posted about earlier: In the thick of things last week I watched some realtime charts of the Bitcoin price and the resistance around $28k looked artificial as hell, at least to my untrained eye. Like there was significant money being burned to keep the price from going below and staying below $28k, and it was probably automated. When it dropped lower than that I was hopeful but things seem to be levelling out, unfortunately.
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May 17, 2022 07:28
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May 17, 2022 07:45
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This crash is going way to slow. One the bright side though, even my in laws were talking about how Bitcoin and crypto were evaporating worth. 
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May 17, 2022 08:24
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Heath posted:I want all of this to just fall to pieces https://www.youtube.com/watch?v=32bdevGClD4 the lyrics in epic are pretty crypto appropriate though https://www.youtube.com/watch?v=ZG_k5CSYKhg millions of cryptobros shouting "it's it!" every time someone asks "what is it?"
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May 17, 2022 09:10
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I’d probably go with Everything’s Ruined: https://youtu.be/usGQjN87BUA (I had no idea that was ever a single)
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May 17, 2022 09:42
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Skitkrona
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May 17, 2022 09:50
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Darth TNT posted:This crash is going way to slow. I dunno, for a start its a series of decentralised crashes of non things not crashing into other non things honest guv, we can admire it in realtime and savour each experience from multiple viewpoints, but when we finally get to the irl reality crash of the baghodlers, shits going to get very ugly very quickly. for instance r/ambien already has a bunch of insane coiners doing performance art of grief. https://www.reddit.com/r/ambien/comments/uo5ecf/a_study_on_cumb_crystals_everytimes_its_always/
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May 17, 2022 10:10
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MarcusSA posted:https://twitter.com/fxhedgers/status/1526437105009709056?s=21&t=ctwrayh7Ke4b2DN7YNMvxA What even is this account? You quote it a lot in multiple threads but it just seems to be some random unverified account posting unsourced claims in full caps.
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May 17, 2022 11:49
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It posts headlines and where the headlines comes from. E.g. https://www.ft.com/content/db9c3f32-cd91-4149-9788-95b2046bea10
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May 17, 2022 12:27
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a7m2 posted:It posts headlines and where the headlines comes from. E.g. https://www.ft.com/content/db9c3f32-cd91-4149-9788-95b2046bea10 Ohhhh that makes so much more sense now, thanks!
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May 17, 2022 12:47
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JohnCompany posted:Oh, code being law... Kinda, but it's mostly on the smart contract devs that used the oracles because every quote on the oracle is time stamped, so it should be a clear warning sign that the ticker data is several hours old. (Of course, there should have been some way to clearly flag "poo poo's fucky" and abort the transaction from inside the oracle code, not sure chainlink even supports that)
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May 17, 2022 15:17
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putin is a oval office posted:What even is this account? You quote it a lot in multiple threads but it just seems to be some random unverified account posting unsourced claims in full caps.
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May 17, 2022 15:20
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Darth TNT posted:This crash is going way to slow. DEI/DEUS is blowing up right now if you want to watch another wreck in real time.
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May 17, 2022 15:34
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The best Faith No More song to sum up crypto is “Cuckoo for caca”
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May 17, 2022 15:51
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for fucks sake posted:Skitkrona Skitkontant
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May 17, 2022 17:42
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Where does the "Code is law" thing come from? From smartcontracts, I am guessing? Was there anyone in particular who coined it? As a programmer myself, I never understood this conceit; QA cycles exist for a reason. I guess I am just a mediocre programmer that learned very early on in their education of the Therac-25 bug and internalized it.
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May 17, 2022 18:30
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Unlucky7 posted:Where does the "Code is law" thing come from? From smartcontracts, I am guessing? Was there anyone in particular who coined it? I remember this article in particular: https://www.nakedcapitalism.com/2012/04/code-is-law-literally.html
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May 17, 2022 18:35
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May 17, 2022 18:41
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