|
Dial A For Awesome posted:The Treasury consultation referred to in this article is here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1079348/Stablecoin_FMISAR_Consultation.pdf Thank you for explaining. I read the article twice and still couldn't understand exactly what was going on. Also how does jurisdiction work in this case? I thought Luna/Terra was based out of S.Korea.
|
#
?
Jun 2, 2022 14:23
|
|
|
|
| # ? May 29, 2024 19:37 |
|
|
Scratch Monkey posted:If you’re trading your cum to get coins who exactly is taking the cum? Bitcoin is a negative cum game
|
|
#
?
Jun 2, 2022 14:33
|
|
|
This whole "play to earn" thing is so loving stupid. I don't know if this is just me being an old man or what but jesus gently caress. Like, I get it, crypto wants to monetize everything but the idea that a person is going to passively generate income doing everything they enjoy is absurd. This is born out by the actual play to earn games where it's not so much a game as a boring, repetitive task that no one in their right mind would do for entertainment. I get it. Jobs suck. But goddamn stop trying to gently caress up leisure time by making it work. Let me go to my soul griding job to earn, and let me play or gently caress or whatever to just enjoy the experience of doing those things.
|
|
#
?
Jun 2, 2022 14:42
|
|
|
from the Political cartoons thread :Raised By Birds posted:
When you're being roasted by political cartoonists, perhaps it's time to pack it in
|
|
#
?
Jun 2, 2022 14:45
|
|
|
No, that just means they're fighting us because they're afraid we'll finally dethrone their fiat. It's the step right before acceptance, we're about to moon! Buy buy buy buy [mine]!!!!!!!!!!
|
|
#
?
Jun 2, 2022 14:56
|
|
|
Cyrano4747 posted:This whole "play to earn" thing is so loving stupid. I don't know if this is just me being an old man or what but jesus gently caress. It’s people who spent year or more of their life grinding on some lovely MMORPG and don’t want to admit it was all a waste
|
|
#
?
Jun 2, 2022 14:56
|
|
|
Cyrano4747 posted:This whole "play to earn" thing is so loving stupid. I don't know if this is just me being an old man or what but jesus gently caress. It's a natural extension of gamification turning games into jobs, where the idea is to get people addicted to making number go up, and then ramping up the number-go-up difficulty until they have to either spend forty hours a week grinding or dump their wallet into the cash shop if they want to keep those dopamine hits flowing. The most common NFTs-in-gaming proposals tend to target people who've been through that loop enough to become disillusioned with it, but still can't shake those addictive tendencies that keep reeling them back in. Both pay-to-earn and "what if you could take your in-game stuff to other games" have obvious appeal to people who've dumped way too many hours or dollars into buying videogame gear, only to later get bored of the game and regret spending that time/money on items that are now worthless to them. It's a scam, of course, because those are false promises. But the most effective scams are the ones that target real and legitimate issues, and falsely promise to solve those issues that people badly want solutions for.
|
|
#
?
Jun 2, 2022 14:59
|
|
|
https://twitter.com/tip_nz/status/1532106554803007488?t=zg5IhTE_qFh6CfDKKdXgog&s=19 Totally not a cult
|
|
#
?
Jun 2, 2022 15:12
|
|
|
HappyHippo posted:https://twitter.com/tip_nz/status/1532106554803007488?t=zg5IhTE_qFh6CfDKKdXgog&s=19 By allowing people to piss away their own energy ,
|
|
#
?
Jun 2, 2022 15:19
|
|
|
HappyHippo posted:https://twitter.com/tip_nz/status/1532106554803007488?t=zg5IhTE_qFh6CfDKKdXgog&s=19 im chargin up my power crystals iykwim
|
|
#
?
Jun 2, 2022 15:22
|
|
|
Source energy is the universal constant that binds all grifters to rubes.
|
|
#
?
Jun 2, 2022 15:22
|
|
|
Cyrano4747 posted:This whole "play to earn" thing is so loving stupid. I don't know if this is just me being an old man or what but jesus gently caress. I saw someone describe the flaw in the play to earn format yesterday in a way I could immediately grasp. These play to earn games typically have an entry cost, whether it's buying into the game's cryptocurrency or something else. So imagine one of those farms by the highway where you can pay $10 to pick as many strawberries as you want, it's a gated system like that. Now imagine paying your $10 and then trying to sell your strawberries to other people in the field who already paid $10 to pick all of the strawberries they want. That's a play to earn game. It's all sellers and no buyers.
|
|
#
?
Jun 2, 2022 15:26
|
|
|
Serious_Cyclone posted:I saw someone describe the flaw in the play to earn format yesterday in a way I could immediately grasp. These play to earn games typically have an entry cost, whether it's buying into the game's cryptocurrency or something else. So imagine one of those farms by the highway where you can pay $10 to pick as many strawberries as you want, it's a gated system like that. Now imagine paying your $10 and then trying to sell your strawberries to other people in the field who already paid $10 to pick all of the strawberries they want. That's a play to earn game. It's all sellers and no buyers. that's literally a pyramid scam. the only way to make money is to become a bigger predator and con people into giving you money to sell the strawberries, knowing that they will lose their money in the end. the other way to make money is to have created the whole scam system to begin with, but no rube does this, it's people who are already rich.
|
|
#
?
Jun 2, 2022 15:27
|
|
|
LifeSunDeath posted:that's literally a pyramid scam. And that's cryptocurrency
|
|
#
?
Jun 2, 2022 15:35
|
|
|
LifeSunDeath posted:that's literally a pyramid scam. Crypto is a pyramid scheme. All crypto. All exchanges. It’s just a loving pyramid scheme. When they run out of money they just claim that they get hacked, fake their death, or literally just laugh at the apes.
|
|
#
?
Jun 2, 2022 15:39
|
|
|
spunkshui posted:Crypto is a pyramid scheme. the line go up doc was great cause it pointed out "to the moon" is a term that literally means "the speculative bubble will peak, and that is time for the rugpull to maximize return for the conartist at the top" not whatever the hell these idiots think it means, and what elon told them it means. It's like if let's banks were to cynically call "repossession of your house" as "good fun times in freedomville." and the rubes thought it was a good thing full of fun times and freedom.
|
|
#
?
Jun 2, 2022 15:47
|
|
|
LifeSunDeath posted:that's literally a pyramid scam. It definitely has the feeling of that scene from Schitt's Creek where they get into the MLM and then find out everyone else in town is a distributor. The video I watched on play to earn compared it a game like RuneScape, where there is a thriving secondary market that feeds play to earn players only because there are people in the game who actually want to play the game, but are fine with short-cutting some of the grind by buying into it instead. Essentially play to earn only works at any level if the game isn't based on play to earn.
|
|
#
?
Jun 2, 2022 16:25
|
|
|
Scratch Monkey posted:If you’re trading your cum to get coins who exactly is taking the cum? It doesn't matter. All crypto is based on someone doing useless busy work. Right now it's computers solving useless sudoku puzzles while burning electricity. You can easily make the useless busy work something else like wanking. Eventually, this will lead to a real-life "shitcoin" being a thing. All they have to do is create crypto that links payouts to how often you poop. You sell a device that you insert into the anus that relays the bowel movement information to your mobile wallet through Bluetooth. This development might actually lead to record profits for particular food chains like Taco Bell so I'll be watching this space very closely. Rad Russian fucked around with this message at 16:35 on Jun 2, 2022 |
|
#
?
Jun 2, 2022 16:31
|
|
|
Serious_Cyclone posted:It definitely has the feeling of that scene from Schitt's Creek where they get into the MLM and then find out everyone else in town is a distributor. The video I watched on play to earn compared it a game like RuneScape, where there is a thriving secondary market that feeds play to earn players only because there are people in the game who actually want to play the game, but are fine with short-cutting some of the grind by buying into it instead. Essentially play to earn only works at any level if the game isn't based on play to earn. IGN REVIEW: 3* Game is kind of fun but the other players are seriously boring, they just run around in circles killing level 1 mobs all day and won't talk to me, well one did talk to me and said something about "it's this or sell my organs." and while I think he's roleplaying, I'm not so sure now.
|
|
#
?
Jun 2, 2022 16:44
|
|
|
smellmycheese posted:I know my country was the one dumb enough to do Brexit but this really is mindboggling. Two ostensibly sensible, sober, financially tuned in men at the highest level of power in the nations finances deciding to go all in on loving shitcoins. Just incredible. Most of the people in positions of power are the epitome of "Born on third base and think they hit a triple". It should be no surprise that these idiot higher-ups have gotten entangled in crypto after buying into the hype around them.
|
|
#
?
Jun 2, 2022 16:55
|
|
|
https://www.youtube.com/watch?v=ZiJa9diJOMk
|
|
#
?
Jun 2, 2022 17:07
|
|
|
Serious_Cyclone posted:It definitely has the feeling of that scene from Schitt's Creek where they get into the MLM and then find out everyone else in town is a distributor. The video I watched on play to earn compared it a game like RuneScape, where there is a thriving secondary market that feeds play to earn players only because there are people in the game who actually want to play the game, but are fine with short-cutting some of the grind by buying into it instead. Essentially play to earn only works at any level if the game isn't based on play to earn. Plus it's a serious race to the bottom even among poo poo like MMO gold sellers. Once in a while you'll find some goon who got in on the early days of something like the AH or WOW gold and made a few bucks, but by the time the game is established at all you're dealing with farming operations in China or whathave you. Basically it quickly goes from "play to earn" to "work to earn" because the people doing the in-game grinding are hourly employees at a 24h goldfarm somewhere with cheap labor and cheap electricity.
|
|
#
?
Jun 2, 2022 17:07
|
|
|
Cyrano4747 posted:Plus it's a serious race to the bottom even among poo poo like MMO gold sellers. Once in a while you'll find some goon who got in on the early days of something like the AH or WOW gold and made a few bucks, but by the time the game is established at all you're dealing with farming operations in China or whathave you. now take that and pay those farmers in totally stable and transferrable bitcoin, LOL!
|
|
#
?
Jun 2, 2022 17:20
|
|
|
happyhippy posted:It was Judge Dredded/Super Marioed. okay look this is just ashistorical nonsense. tank girl fuckin slaps. and yes i've read the drat comics. i used to love it and Love and Rockets
|
|
#
?
Jun 2, 2022 17:26
|
|
|
I still remember the dumb article from SERIOUS NEWSPAPER Bloomberg or Wallstreet that said in 2021 spring , "what if mario kart was an NFT????" Also I think this was when someone point out that a lot of chess tourneys had coinz sponsorships/ads. lol. Isnt the whole point of skill based competitive games is that youre suppose to pull deep/try hard and then be better than your opponent? not just lazily buy your better elo ranking. Also I think some of this earndoinganythingandeverything poo poo is based on these people remembering their Econ 101 class and the vocab word "opportunity cost" and applying it to everything.
|
|
#
?
Jun 2, 2022 17:28
|
|
|
Tarquinn posted:See this house? The car? The pool? But my prime wanking years are gone! So many thousands of wanks, gone. Like tears in the rain. Also, gives a whole knew meaning to the phrase “if you don’t use it, you lose it”.
|
|
#
?
Jun 2, 2022 17:31
|
|
|
Cyrano4747 posted:This whole "play to earn" thing is so loving stupid. I don't know if this is just me being an old man or what but jesus gently caress. if you listen to them talk it becomes extremely clear very fast that the guys this is being marketed to don't enjoy any experience except watching number go up and flashing their wad online, and see this as a way to legitimately enjoy playing for the first time. A lot of this last wave of crypto schemes rely on the assumption that everyone else is also a dead-eyed sociopath faking an interest in [art|games|sex|friends] to grift money, and the creators are just the first ones brave enough to openly acknowledge it A Wizard of Goatse fucked around with this message at 17:46 on Jun 2, 2022 |
|
#
?
Jun 2, 2022 17:43
|
|
|
then just play cookie clicker or other idle games.
|
|
#
?
Jun 2, 2022 17:47
|
|
|
clicker game nfts...grind our pay to win game to earn a chance at an NFT that will allow you another chance to work for us as a game grinder of NFTs.
|
|
#
?
Jun 2, 2022 17:48
|
|
|
The People Make Games guys did a really good video on the mechanics of play to earn games that makes it pretty clear it’s just obfuscated gambling, complete with “the house always wins”. https://www.youtube.com/watch?v=OTPLp5u3iSU
|
|
#
?
Jun 2, 2022 17:57
|
|
|
Talorat posted:The People Make Games guys did a really good video on the mechanics of play to earn games that makes it pretty clear it’s just obfuscated gambling, complete with “the house always wins”. oh poo poo that board game dude.
|
|
#
?
Jun 2, 2022 17:58
|
|
|
Matt Levine predictably has a good take on the OpenSea insider trading arrest today: https://www.bloomberg.com/opinion/articles/2022-06-02/don-t-insider-trade-nfts (paywall kinda comes and goes) He frequently explains how everything is securities fraud, but explains today that *really everything* is wire fraud: Matt Levine posted:Now, insider trading is a type of securities fraud. But there is another federal statute that makes it a crime to use “any scheme or artifice to defraud” someone using a phone or the internet.[2] This crime is generally called “wire fraud,” and it is much broader than securities fraud. Securities fraud is doing fraud about securities. Wire fraud is doing fraud about absolutely anything, as long as you do the fraud using email or the phone or text messages or a chat app, and in 2022 you certainly do. So every fraud is wire fraud. Basically, if you are going to do a crimes, dont communicate via electronic means about it. Or, the mail. Or, in person. In fact, probably keep your criming to yourself, because it will make you both harder to catch and harder to prosecute.
|
|
#
?
Jun 2, 2022 18:01
|
|
|
Talorat posted:The People Make Games guys did a really good video on the mechanics of play to earn games that makes it pretty clear it’s just obfuscated gambling, complete with “the house always wins”. Their recent video on VR Chat is a recommended watch as well.
|
|
#
?
Jun 2, 2022 18:08
|
|
|
drk posted:Matt Levine predictably has a good take on the OpenSea insider trading arrest today: https://www.bloomberg.com/opinion/articles/2022-06-02/don-t-insider-trade-nfts (paywall kinda comes and goes) very cool how so much of crypto could clearly qualify as either securities fraud and/or wire fraud, and yet the only time the feds muster up the will to prosecute is when an employee of the monkey .jpeg clearinghouse defrauds his monkey .jpeg clearinghouse employer based on confidential knowledge of monkey .jpeg advertisements, and the monkey .jpeg clearinghouse offers him up on a silver platter to the feds after building their case for them
|
|
#
?
Jun 2, 2022 18:16
|
|
|
Talorat posted:The People Make Games guys did a really good video on the mechanics of play to earn games that makes it pretty clear it’s just obfuscated gambling, complete with “the house always wins”. i love that youtube gave me an EVE Online ad when i clicked on this
|
|
#
?
Jun 2, 2022 18:17
|
|
|
Blotto_Otter posted:very cool how so much of crypto could clearly qualify as either securities fraud and/or wire fraud, and yet the only time the feds muster up the will to prosecute is when an employee of the monkey .jpeg clearinghouse defrauds his monkey .jpeg clearinghouse employer based on confidential knowledge of monkey .jpeg advertisements, and the monkey .jpeg clearinghouse offers him up on a silver platter to the feds after building their case for them This is fudd sir, the nft in question was ramen noodle based  (I dont personally care much for it, but it is a lot closer to "art" than monkeyape # 7312 / 10000)
|
|
#
?
Jun 2, 2022 18:28
|
|
|
precision posted:i love that youtube gave me an EVE Online ad when i clicked on this EVE Online is made by people who are so in touch with what their audience wants that they announced a collaboration with Microsoft Excel that allow you to export game data directly into spreadsheets, and it was met with cheers and applause. I am confident in saying that they know that announcing in NFTs would result in someone burning down their offices.
|
|
#
?
Jun 2, 2022 18:37
|
|
|
MechaCrash posted:EVE Online is made by people who are so in touch with what their audience wants that they announced a collaboration with Microsoft Excel that allow you to export game data directly into spreadsheets, and it was met with cheers and applause. didnt a real life EVE thing once involve finding the real life address/house of a space captain, and cutting their power right before they staged some operation?
|
|
#
?
Jun 2, 2022 18:46
|
|
|
yeah if anything i would expect eve online aficionados would go hog loving wild for another avenue for scamming each other
|
|
#
?
Jun 2, 2022 18:50
|
|
|
|
| # ? May 29, 2024 19:37 |
|
|
GME to shareholders, months ago: "there are 77M shares outstanding and we're authorized to have 300M. if you vote to raise that cap to 1B, we'll consider giving you what's called a 'stock dividend.'" cultist shareholders: "a stock dividend you say? clearly that means shorts [who never covered, despite an SEC report saying they did] will have to locate/buy X real shares for each share they've shorted and that'll cause the MOASS! EVERYONE VOTE YES. as soon as the votes are tallied they'll give us X times the shares and the price will go to the moon!" ==== GME, 2 hours ago: "thank you for voting yes to everything we wanted. if it makes sense, we'll consider a stock split at some point in the future." cultist shareholders: "they're just saying that to keep the hedge funds on their toes! the dividend will be any minute now!" onlookers: "did...did they just vote to allow GME to sell shares and dilute themselves without getting anything in return? if GME issues more shares, the price goes down, and any reason to split goes away." narrator: "that's exactly what they did."
|
|
#
?
Jun 2, 2022 18:51
|
|
