|
Booyah- posted:no wonder the CEO has been having a constant meltdown and users are being put into "HODL mode" Bitcoin: Not looking good
|
#
?
Jun 6, 2022 12:27
|
|
|
|
| # ? May 29, 2024 18:07 |
|
|
I am confused. There's an exchange that lets you make withdrawals?
|
|
#
?
Jun 6, 2022 12:42
|
|
|
The Lone Badger posted:I am confused. There's an exchange that lets you make withdrawals? not for long!
|
|
#
?
Jun 6, 2022 12:44
|
|
|
Somfin posted:Remember Earth 2, the "game" where you can "buy" tiles on a grid overlaid on Google maps data? I don't know why people would buy into this. The TV series was any good! The Lone Badger posted:I am confused. There's an exchange that lets you make withdrawals? In a different kind of Monopoly money! And they don't have enough of that monopoly money to cover their withdrawls! Random Stranger fucked around with this message at 14:12 on Jun 6, 2022 |
|
#
?
Jun 6, 2022 14:10
|
|
|
Booyah- posted:no wonder the CEO has been having a constant meltdown and users are being put into "HODL mode" uh have you considered that they've honoured redemptions so far, and therefore by extrapolation, will forever https://twitter.com/lfgfinance/status/1533554611738406913 https://twitter.com/lfgfinance/status/1533620990994919424 https://twitter.com/lfgfinance/status/1533631707839991809 https://twitter.com/lfgfinance/status/1533653146668441602
|
|
#
?
Jun 6, 2022 14:12
|
|
|
sincerely arguing about money on Twitter with "Mr Bean Stock" whose avatar is a picture of Mr. Bean. accusing him (Mister. BEAN) of being insincere and/or ignorant
|
|
#
?
Jun 6, 2022 14:18
|
|
|
"Huffing asbestos is pretty bad for you!" "Oh, really? Are you an asbestos huffer? No? Then shut up!" 
|
|
#
?
Jun 6, 2022 14:18
|
|
|
 Once more, a very organic and normal price action
|
|
#
?
Jun 6, 2022 14:22
|
|
|
divabot posted:Cryptocurrency crash causes trillions of dollars worth of damage | 60 Minutes Australia - they didn't let me sneak in the word "buttcoin", but pretty good other than that Good going man, you're fighting the good fight. It still makes me mad that the current affairs shows try to "both sides" the worth of crypto, and that all the crypto supporters they interview are driving sports cars and living in mansions. The 60 minutes clip seemed to suggest that they'd interviewed crypto-Zangief at crypto's peak last year and my strong bet is that it wouldn't have been nearly as sceptical as it should have been.
|
|
#
?
Jun 6, 2022 14:56
|
|
|
It honestly could be if there’s a relatively low volume of trading. I’m those circumstances a single large-ish buy order can spike things like that as they clear out the lower priced sell orders. Say you’ve got 10 things on an exchange with 4 at a $100 sell, 2 at $110, and four more at $140. If someone comes along who thinks they need that at any price and buys seven, you’ll see a sharp spike to $140. Now, if trade volume is that low it’s not exactly speaking volumes about the health of bitcoin either.
|
|
#
?
Jun 6, 2022 15:00
|
|
|
What the gently caress is a Celsius user?
|
|
#
?
Jun 6, 2022 15:03
|
|
|
Azubah posted:What the gently caress is a Celsius user? You're obviously not one of them
|
|
#
?
Jun 6, 2022 15:08
|
|
|
Azubah posted:What the gently caress is a Celsius user? europeans
|
|
#
?
Jun 6, 2022 15:11
|
|
|
^^^ drat it!Azubah posted:What the gently caress is a Celsius user? Europeans.
|
|
#
?
Jun 6, 2022 15:12
|
|
|
Booyah- posted:no wonder the CEO has been having a constant meltdown and users are being put into "HODL mode" Is this particularly meaningful? This would only be the real exchange rate if Celsius dumped all their stETH into this one liquidity pool all at once: https://www.youtube.com/watch?v=1PbZMudPP5E As I understand it, the liquid pool algorithmically increases the price exponentially as the pool becomes more and more unbalanced, and this is to incentivise folks to take the other side of the trade to rebalance the pool. This doesn't seem like the only place you can exchange stETH either. I don't know how it works with standard financial assets but if a big bank just dumped all their assets at once on one exchange they'd take a huge haircut also? The only difference is that you can calculate it because the pool's algorithm is public.
|
|
#
?
Jun 6, 2022 15:41
|
|
|
Random Stranger posted:"Huffing asbestos is pretty bad for you!" Cultivating a community where all doubters are considered untrustworthy has a great track record and is definitely a great way to not get scammed
|
|
#
?
Jun 6, 2022 15:44
|
|
|
pippy posted:Is this particularly meaningful? This would only be the real exchange rate if Celsius dumped all their stETH into this one liquidity pool all at once: The difference is if there's a run on your bank the feds have the assets backed up.
|
|
#
?
Jun 6, 2022 15:45
|
|
|
Just checked out this shitcoin, Love an asset that loses 90% of it's value in a year. Great stuff.
|
|
#
?
Jun 6, 2022 15:55
|
|
|
HappyHippo posted:Just checked out this shitcoin, So now is the perfect time to buy, only a 10% downside possible! 
|
|
#
?
Jun 6, 2022 15:59
|
|
|
Schir posted:europeans More like literally anything but americans
|
|
#
?
Jun 6, 2022 16:27
|
|
|
Mercury_Storm posted:sandwiched between two true believers who lost hundreds of thousands are are still buying more the yuppie and the russian totally-not-mafia dude kirbysuperstar posted:Man I should have guessed it was something like that, what a pain. I'll watch that later though, cheers. https://filebin.net/64wqeawymz5pqqve (very temporary) tonight on 60 Minutes Australia: Bruiser McThug bashes a blockchain's face against a gutter while lecturing it on dose criptose yuse keep gasbaggin on abaht, ronnie is not appy wiv ur delays, an ur full o nonces. Directed by Danny Boyle.
|
|
#
?
Jun 6, 2022 17:19
|
|
|
Gutcruncher posted:https://twitter.com/wario64/status/1533458873213919234?s=21&t=kTqjHg36-4qd7sIQ8jsufA WE WANT TO HURT NO ONE. WE'RE HERE FOR SETH'S APES, NOT YOUR APES. YOUR APES ARE INSURED BY THE BLOCKCHAIN, YOU'RE NOT GONNA LOSE A DIME. THINK OF YOUR FAMILY OF APES, DONT RISK YOUR LIFE.
|
|
#
?
Jun 6, 2022 18:07
|
|
|
They are all complete dimwits https://twitter.com/wallstreetpro/status/1533484097502322691
|
|
#
?
Jun 6, 2022 18:09
|
|
|
Only 500 of this $29.99 game asset we bought in existence https://twitter.com/lizaledwards/status/1533852224064851968?s=20&t=83EBSRx6ySIhfjA_8Az4fA
|
|
#
?
Jun 6, 2022 18:13
|
|
|
smellmycheese posted:They are all complete dimwits LMAO, how are these crypto bros so stupid, it's like they've never thought about ANY aspect of any legal system, let alone one on the blockchain.
|
|
#
?
Jun 6, 2022 18:21
|
|
|
smellmycheese posted:They are all complete dimwits They are slowly realizing their entire house of cards does nothing better, and worse is probably not legally enforceable, because the very legal tools that banks/government use to enforce the things blockchain/crypto is trying to replace DOES NOT recognize them
|
|
#
?
Jun 6, 2022 18:25
|
|
|
LifeSunDeath posted:LMAO, how are these crypto bros so stupid, it's like they've never thought about ANY aspect of any legal system, let alone one on the blockchain. There's a reason that for a long time the thread title was "Dunning-Krugerrands".
|
|
#
?
Jun 6, 2022 18:27
|
|
|
smellmycheese posted:They are all complete dimwits lol i love the sad "...on the blockchain" at the end. Crypto mind tricks don't work on people who can stop for 5 seconds and think.
|
|
#
?
Jun 6, 2022 18:36
|
|
|
KrunkMcGrunk posted:Crypto mind tricks don't work on people who can stop for 5 seconds and think. ... on the blockchain!
|
|
#
?
Jun 6, 2022 18:40
|
|
|
sinky posted:Only 500 of this $29.99 game asset we bought in existence lol the game title is literally "GRIFT" with one letter dropped
|
|
#
?
Jun 6, 2022 18:43
|
|
|
smellmycheese posted:They are all complete dimwits GET poo poo DONE Serious_Cyclone posted:lol the game title is literally "GRIFT" with one letter dropped TRUE GRIFT
|
|
#
?
Jun 6, 2022 18:47
|
|
|
CommieGIR posted:They are slowly realizing their entire house of cards does nothing better, and worse is probably not legally enforceable, because the very legal tools that banks/government use to enforce the things blockchain/crypto is trying to replace DOES NOT recognize them The best part of that is how his entire use case is making mortgages much faster to get. Rather than going to BofA and filling out all this paperwork that takes days, you just put it on the blockchain and wham bam you've got yourself a mortgage. . . . only the reason it takes a long time is that the bank wants to do their due diligence to make sure that A) the underlying asset is what you say it is and that it's worth what you say it is and b) that you actually own the thing you're taking the mortgage out against. In other words if we somehow ended up in a world where crypto bros were giving out mortgages based on an NFT of your house, they're going to get the poo poo scammed out of them in a million ways that the actual mortgage industry has spent literal centuries building tools to protect them from. Even setting aside the obvious fraud of you not actually owning that property, how the gently caress are they going to check that the house you claim is worth $500k is actually worth $500k (in good repair, has the interior finish and trim you say it does, etc) and isn't a dilapidated crack house that might have looked that way ten years ago but is now a tear down worth the $200k that the lot it's built on will sell for. Maybe less because the current condemned shack needs to be torn down and that costs money. I mean, the answer is they send someone out there they trust to assess the value of the house and say "yeah, it's worth $500k" but congrats we're back to filling out paperwork and waiting days for approval because *gasp* now the lender is doing their due diligence and not just blindly loaning cash. tl;dr - 
|
|
#
?
Jun 6, 2022 18:51
|
|
|
also even the critic in that conversation was mistaken right? "the only difference is there's a public record of the transaction"? with real estate that public record already exists, doesn't it? am i being dumb here?
|
|
#
?
Jun 6, 2022 18:57
|
|
|
Cyrano4747 posted:The best part of that is how his entire use case is making mortgages much faster to get. Rather than going to BofA and filling out all this paperwork that takes days, you just put it on the blockchain and wham bam you've got yourself a mortgage. Its almost like, evil though the banks may be, they understand the concept of risk mitigation and risk management.
|
|
#
?
Jun 6, 2022 18:58
|
|
|
How similar is all of this to the TF2 hat craze?
|
|
#
?
Jun 6, 2022 19:01
|
|
|
Cyrano4747 posted:The best part of that is how his entire use case is making mortgages much faster to get. Rather than going to BofA and filling out all this paperwork that takes days, you just put it on the blockchain and wham bam you've got yourself a mortgage. but I have a "not a scammer" soulbound token, therefore I am trustworthy. problem solved
|
|
#
?
Jun 6, 2022 19:03
|
|
|
smellmycheese posted:They are all complete dimwits why is his facial hair like that??
|
|
#
?
Jun 6, 2022 19:35
|
|
|
 Lol this sequence
|
|
#
?
Jun 6, 2022 19:50
|
|
|
Mindless posted:
Pick a side 60 Minutes Australia.
|
|
#
?
Jun 6, 2022 19:51
|
|
|
|
| # ? May 29, 2024 18:07 |
|
|
Vashro posted:why is his facial hair like that?? No time to shave right when you're GETTING poo poo DONE
|
|
#
?
Jun 6, 2022 19:54
|
|