tpink posted:

I’m catching up on this thread because there’s been so much insanity, and I am just losing it at this tweet. Jfc.

Scratch Monkey posted:

quote:

Last week we lost $150,000 when UST stablecoin crashed. It was all of our savings, put into a (supposedly) low risk crypto platform as an alternative to keeping it in the bank. We weren’t investing, speculating, day trading, or gambling. Just storing our money in a stablecoin.

UST didn’t just just crash, it died — losing 85% of its value in less than two days. Holders of the TerraUSD coin and a linked token, luna, collectively lost around $42 billion in the last week…

So I suppose it’s some consolation that we are not alone in this inconceivable loss. This week UST traders are sharing lists of suicide hotlines, as regular folks just like us, who had poured their savings into Luna or TerraUSD, cannot conceive of how to move past this financial ruin.

There’s a lot to say about this and I’m not quite sure where to start. For one, there’s a lot of spiritual growth on offer. A beautiful reminder that money is just money; that money is only one energetic frequency of abundance and that we are blessed to be able to trade in many other frequencies; that money is never really ours to begin with — that, like all blessings, it comes from God and is only one tool among others; that perhaps we should have bought that land, or that RV, or that truck when we had the chance…. My frugality and conservative spending seems absurd now.

There’s a lot of opportunity to work on equanimity and letting go of desired outcomes and practicing distress tolerance and actualizing radical acceptance. There’s a lot of opportunity to be reminded that “good” and “bad” are just constructs, and that the only true reality “is.”

There’s soul-level rectification and repair (in Hebrew we say “tikkun”). Life lessons cannot be learned without discomfort.

But mostly, this isn’t my shell shock. Our years of 3 kids in simultaneous severe PANS flares was my phoenix rising. Losing all the money we have saved together over the last 20 years is [name removed] nightmare-come-true, and I have to say, he’s really winning at losing ❤️‍🩹. One breath at a time. One step at a time. One moment at a time. (So much gratitude for the year we put ourselves through dialectical behavior therapy — who knew it would come in so handy.)

I share most of our life — the painful as often as the joyful — very openly on this platform so that no one feels alone in being human. None of us lives a perfect, problem-free, charmed life, but sometimes it can seem that way when social media only shows us the shiny surface and window dressing.

I feel an accountability to keeping it real (Y’all know I refused to wear a mask long before that was even a thing ✌🏽) and also an appreciation to be able to release this heaviness among my Facebook community. Thank you for creating the vessel.

**Look at those faces below! You’d never know one of them was grieving big time. It’s always a reminder to me — don’t judge people! You have no idea what’s going on in their lives.**

numberoneposter posted:

sold all my BTC since i think it is actually gonna dip hard and same with the rest of the market (maybe? dont listen to me)

managed to pull it from nice hash -> coin base -> pay pal -> bank account and should see it in my actual bank account tomorrow

i think the whole market is hosed but im not gonna be caught holding BTC right now

haljordan posted:

A girl I went to high school with, who is now apparently a stone cold lunatic MAGA antivaxxxer down in Florida just lost $150,000 in "stable" coin.

"We weren't investing!!!" loving lmao

haljordan posted:

A girl I went to high school with, who is now apparently a stone cold lunatic MAGA antivaxxxer down in Florida just lost $150,000 in "stable" coin.

"We weren't investing!!!" loving lmao

haljordan posted:

A girl I went to high school with, who is now apparently a stone cold lunatic MAGA antivaxxxer down in Florida just lost $150,000 in "stable" coin.

"We weren't investing!!!" loving lmao

Senor Tron posted:

Why the gently caress would you store your money in a "stablecoin" even as a crypto true believer, wasn't the point meant to be that the value wouldn't change so you were best case putting it into a 0% savings account?

Senor Tron posted:

Why the gently caress would you store your money in a "stablecoin" even as a crypto true believer, wasn't the point meant to be that the value wouldn't change so you were best case putting it into a 0% savings account?

Senor Tron posted:

Why the gently caress would you store your money in a "stablecoin" even as a crypto true believer, wasn't the point meant to be that the value wouldn't change so you were best case putting it into a 0% savings account?

Vesi posted:

the funds in a (((bank))) could easily be seized by fema when the race war starts

icecastle posted:

Because if you loaned them the UST they promised a 20% APR. Somehow people didn't think this was a ponzi

haljordan posted:

This girl is actually Jewish lol

haljordan posted:

A girl I went to high school with, who is now apparently a stone cold lunatic MAGA antivaxxxer down in Florida just lost $150,000 in "stable" coin.

"We weren't investing!!!" loving lmao

Senor Tron posted:

Why the gently caress would you store your money in a "stablecoin" even as a crypto true believer, wasn't the point meant to be that the value wouldn't change so you were best case putting it into a 0% savings account?

quote:

3 kids in simultaneous severe PANS flares

quote:

Y’all know I refused to wear a mask long before that was even a thing ✌🏽

haljordan posted:

A girl I went to high school with, who is now apparently a stone cold lunatic MAGA antivaxxxer down in Florida just lost $150,000 in "stable" coin.

"We weren't investing!!!" loving lmao

Klyith posted:

Personally this is my favorite part and it's not even about bitcoin:

PANS: an autoimmune / neuropsychiatric condition in children generally thought to be linked to infections. Your kid gets sick from something mild like strep throat and then has major mood changes, development regression, OCD, food restriction, or anxiety. Gosh, that sounds terrible! Something affecting my family like that would certainly give me reason to think about the dangers of communicable diseases, and how even if I wasn't incapacitated by sickness I could be putting others in danger...

LifeSunDeath posted:

I just checked in on GPU prices/availability, and while it's still overpriced, they are much more available new. Which I'm certain is an indicator that crypto is dying.

haljordan posted:

A girl I went to high school with, who is now apparently a stone cold lunatic MAGA antivaxxxer down in Florida just lost $150,000 in "stable" coin.

"We weren't investing!!!" loving lmao

smellmycheese posted:

I don’t think these have been mentioned yet. Some absolutely incredible Trump NFTs here…

https://opensea.io/collection/mcniftytrump

The Kins posted:

Keep in mind that GPUs are still going to be constrained to some extent due to the Ukraine War affecting accessibility/price of raw resources like Neon and Palladium.

Dr. Video Games 0031 posted:

While this is true, I have a lot of questions about how much the neon shortage will really impact chip manufacturers. Who else is buying and using neon? What percentage of the supply is used by chip manufacturers? Is it not possible to expand the extraction operations that exist outside of Ukraine? Like, if it's just a bunch of rinky-dink neon sign makers and then TSMC, Samsung, and Intel as buyers of neon, then I feel like the latter three will be able to outbid the other customers, or even bribe their way to the top if necessary. I doubt that half of the supply going away will mean half as many GPUs. And honestly, the major chipmakers should get first dibs. Something tells me that ensuring the supply of microchips is more vital to the world economy than the supply of neon signs.

Same thing goes for Palladium, though there, the chipmakers will be competing with the automotive industry. Good luck with that. At least the supply seems more diverse?

LifeSunDeath posted:

beautiful, chefs kiss.


I just checked in on GPU prices/availability, and while it's still overpriced, they are much more available new. Which I'm certain is an indicator that crypto is dying.

A Wizard of Goatse posted:

amazing take in the second year of waves of industry-crushing shortages of, like, fuckin' wood, the poo poo that literally grows on trees

EoinCannon posted:

I'm working on an nft collection at the moment with crocodiles, minotaurs and hydras.
It was not my choice to work on this, my studio took the job to do the artwork and code from the nft guy.
It's as fun to work on as you think it might be

Mozi posted:

I've heard the market for neon and such is very opaque so not many people actually know the answers to those questions. My understanding was that places had stockpiles for so many months but after that is a bit unknown.

Ghost Leviathan posted:

Can't wait for all the movie punchlines next year 'I lost all my money on pictures of apes'.

ultrafilter posted:

It is very opaque but the Ukrainian factories produced about half of the global supply. Some of them can be restarted relatively quickly, but one of the big ones was in Mariupol, and that's not coming back online any time soon.

Mozi posted:

I've heard the market for neon and such is very opaque so not many people actually know the answers to those questions. My understanding was that places had stockpiles for so many months but after that is a bit unknown.

Lawman 0 posted:

Is crypto dead yet?