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KrunkMcGrunk posted:The proofs in the pudding. Guy's gotta post a snippet of something legit before I'd take him seriously. that's my feeling. it does almost seem too much to be true, having dirt in writing on so many people from the biggest villain magnet going on earth at the moment, but weirder stuff has leaked before. the thing that makes me lean toward it being real is just how hosed up the crypto influencer population is already known to be.
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Jun 7, 2022 16:19
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Look guys, I’m sure @bonghitter69 is totally legit. I have no idea why you’d doubt some random dude on Twitter who has given zero proof of anything.
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Jun 7, 2022 16:23
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NtotheTC posted:this is too long, could you do me a favour and summarise in bullet points why people should use this over the current system. I'm going to have to ask you to leave out "is generally faster" and "immune to phishing/skimming attacks" because they're lies. It's amazing, I remember my first interaction with a crypto bro ~8-9 years ago and it was exactly the same. He'd blather on about the technical intricacies of blockchain, and I'd ask, "Ok, but what does it actually DO better than our current system?" and he would just continue with his previous rant as if that answered my question.
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Jun 7, 2022 16:33
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Rotten Red Rod posted:It's amazing, I remember my first interaction with a crypto bro ~8-9 years ago and it was exactly the same. He'd blather on about the technical intricacies of blockchain, and I'd ask, "Ok, but what does it actually DO better than our current system?" and he would just continue with his previous rant as if that answered my question. The Flexa whitepaper attempts to address this, but doesn't really back it up.  The first is laughable (and isn't the only one). In payment cards alone there are dozens of choices targeting every possible market.
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Jun 7, 2022 16:41
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My CC takes approx 5 seconds to complete the average transaction. Even if Flexa is somehow faster, what do I gain other than maybe 2 or 3 seconds?
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Jun 7, 2022 16:46
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What I love about crypto bros is every. single. one. kramers in with the same aggressive, caustic personality ready to fight to the death for their stupid "investments." None of them are ever chill in the slightest, nobody is ever like "Well I had this experience that was pretty ok but I see why you're skeptical" or anything, it's always "I am RICH from my GENIUS BRAIN and you're STUPID AS gently caress for not DUMPING YOUR LIFE SAVINGS INTO APECOINS"
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Jun 7, 2022 16:49
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Scratch Monkey posted:My CC takes approx 5 seconds to complete the average transaction. Even if Flexa is somehow faster, what do I gain other than maybe 2 or 3 seconds? I think they might be referring to the fact that a CC can take a few days for purchases/payments to post? But, that's dumb because they do a pending post to verify funds/credit availability instantly and that reflects in your account balance. Debit cards are also just purely instant.
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Jun 7, 2022 16:51
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Cat Army
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Cool Dad posted:What I love about crypto bros is every. single. one. kramers in with the same aggressive, caustic personality ready to fight to the death for their stupid "investments." None of them are ever chill in the slightest, nobody is ever like "Well I had this experience that was pretty ok but I see why you're skeptical" or anything, it's always "I am RICH from my GENIUS BRAIN and you're STUPID AS gently caress for not DUMPING YOUR LIFE SAVINGS INTO APECOINS" The thing that rules is the thread pretty much never rising to the bait either and being completely blasé about it like “ok dude tl;dr. Also: buttcoin” lol
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Jun 7, 2022 16:53
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SettingSun posted:The Flexa whitepaper attempts to address this, but doesn't really back it up. Did a ctrl+f for fraud to see how the whitepaper explains how Flexa is less susceptible to fraud than traditional payment processors and the sole bullet point that comes up is "Flexa means all transactions are final and immutable", which is basically the opposite of fraud protection. Eliminating the possibility of chargebacks is obviously appealing for merchants and payment processors, but it comes at the direct expense of consumers, which a payment processing network requires buy-in from to be worth anything.
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Jun 7, 2022 16:54
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Scratch Monkey posted:My CC takes approx 5 seconds to complete the average transaction. Even if Flexa is somehow faster, what do I gain other than maybe 2 or 3 seconds? 2 to 3 seconds is nothing for your transaction, but would be huge on the back end given the sheer quantity of transactions that occur. This is assuming it could behave consistently and scale up well, which I think we all know isn't happening. Plus however many other inherent problems there are with Scheme to Mainstream Crypto #3381 which I don't give a gently caress about to look into what they would be.
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Jun 7, 2022 16:56
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Cool Dad posted:What I love about crypto bros is every. single. one. kramers in with the same aggressive, caustic personality ready to fight to the death for their stupid "investments." None of them are ever chill in the slightest, nobody is ever like "Well I had this experience that was pretty ok but I see why you're skeptical" or anything, it's always "I am RICH from my GENIUS BRAIN and you're STUPID AS gently caress for not DUMPING YOUR LIFE SAVINGS INTO APECOINS" It's very amusing, yes. Ultimately, if you're asking any kind of pertinent questions or applying any scrutiny whatsoever, then you're not the target demographic. These people are mostly emotional children who are targeting other emotional children, who will likely smash the first link inside 4 seconds when they say they got RICH doing this and YOU CAN TOO BY GETTING IN ON THE GROUND FLOOR!
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Jun 7, 2022 17:00
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the holy poopacy posted:Did a ctrl+f for fraud to see how the whitepaper explains how Flexa is less susceptible to fraud than traditional payment processors and the sole bullet point that comes up is "Flexa means all transactions are final and immutable", which is basically the opposite of fraud protection. Not only chargebacks but also honest mistakes. I’ve accidentally had my card double charged or charged for the wrong amount (and also done both several times in years of working retail/food service). What’s the plan there?
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Jun 7, 2022 17:12
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Random Stranger posted:2 to 3 seconds is nothing for your transaction, but would be huge on the back end given the sheer quantity of transactions that occur. It doesnt really matter, its not like the payment network can only process one transaction at a time. Most of that time is just packets flowing over the internet anyways, something any payment network has to do.
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Jun 7, 2022 17:13
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I just bought a magic digital money doubler from some nice guys I met in email. Checkmate funge addicts.
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Jun 7, 2022 17:13
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fullroundaction posted:Not only chargebacks but also honest mistakes. I’ve accidentally had my card double charged or charged for the wrong amount (and also done both several times in years of working retail/food service). What’s the plan there? Look at it this way, eventually someone will accidentally give you more money than they meant to. It all just evens out in the end. This is a feature.
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Jun 7, 2022 17:14
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fullroundaction posted:Not only chargebacks but also honest mistakes. I’ve accidentally had my card double charged or charged for the wrong amount (and also done both several times in years of working retail/food service). What’s the plan there? I think it can be summarized as: 🖕🖕🖕  🖕🖕🖕
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Jun 7, 2022 17:15
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Like I’m sure the platform would give merchants the ability to issue refunds, but that’s putting 100% trust in the merchant with no Visa etc merchant services as a layer of protection. That might be fine for a local shop that you can go into and raise hell until you get what you want (maybe) but I’m sure as poo poo not shopping online like that. Hahaha think about eBay but without PayPal protection. e: to be clear I loving hate PayPal, but they’ve saved my rear end many times when buyers tried to pull a fast one after receiving my item or whatever. fullroundaction fucked around with this message at 17:22 on Jun 7, 2022 |
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Jun 7, 2022 17:18
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I ain't ever clicking a link, so did that dude actually record & post a video of himself REALLY AGGRESSIVELY using a gift card at Chipotle, to purchase a burrito bowl, because THIS IS THE REVOLUTION SHITHEADS?
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Jun 7, 2022 17:23
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Wasn’t the first legal business to accept bitcoins a burrito place? Is time repeating itself?
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Jun 7, 2022 17:25
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Just me and a bro at chipotle enjoying the financial ~revolution~
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Jun 7, 2022 17:26
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SettingSun posted:The Flexa whitepaper attempts to address this, but doesn't really back it up. I don't know about the US, but bank transfers have been almost instant for years here in the UK. Also what do they even mean by "mobile wallet"? As my understanding of "mobile wallet" would have the exact same functionality as a credit card (as in, Google Pay) or are they referring to some kind of crypto wallet, in which case it should have a big red X next to everything?
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Jun 7, 2022 17:31
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snotball007 posted:They are basically witchcraft and sorcery from math nerds. This is how I can tell a moron from miles away
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Jun 7, 2022 17:32
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"security:...need to use the system without fear of deception or failure" *Proceeds to lose entire balance because of misplaced seed phrase.
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Jun 7, 2022 17:36
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JonathonSpectre posted:Oh man I hope that Telegram stuff just turns into a conveyor belt into federal prison. About twenty years ago during the dotcom bubble this was actually, although very briefly, a thing. A site called heat.net, backed by Sega, would give you credits for every hour playing games, which hilariously includes single player games like Baldur's Gate. Players could redeem their tokens for free games or hardware. As with all dotcom startups it gobbled shitloads of money in an attempt to increase a nebulous idea of market share. I ended up getting a new graphics card, 56k modem and two or three new release games before it folded under the weight of its ludicrous business model
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Jun 7, 2022 17:38
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Flowers for QAnon posted:This is how I can tell a moron from miles away snotball has to be trollin', but then again anyone defending crypto has already lost everything, this online bullshiting, is really all they have left.
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Jun 7, 2022 17:38
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priznat posted:Just me and a bro at chipotle enjoying the financial ~revolution~ Guy on the right is going to discover why no one uses single point slings anymore cause the second he lets go of his rifle and tries to walk the mag is going to send his testicles up inside his body.
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Jun 7, 2022 17:40
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Tirade posted:About twenty years ago during the dotcom bubble this was actually, although very briefly, a thing. A site called heat.net, backed by Sega, would give you credits for every hour playing games, which hilariously includes single player games like Baldur's Gate. Players could redeem their tokens for free games or hardware. Remember those companies that would pay you to have a little ad serving popup on your desktop? I know guys who would automate mouse movements and keyboard presses to spoof it and then do that on dozens of computers they administered at a college after hours. They got actual checks in the thousands before the plug got pulled. B-Rock452 posted:Guy on the right is going to discover why no one uses single point slings anymore cause the second he lets go of his rifle and tries to walk the mag is going to send his testicles up inside his body. Gotta look HSLD though!  Honestly every time I see a pic of one of those goobers I think them going on a 45 minute walk every day would be infinitely better for their health and safety than slingin a rifle everywhere priznat fucked around with this message at 17:43 on Jun 7, 2022 |
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Jun 7, 2022 17:41
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Flowers for QAnon posted:This is how I can tell a moron from miles away duh, cryptocurrencies invented this little thing called "crypto". look it up it's all about security and maths and crazy black magic like zero knowledge proofs that noone really understands and CERTAINTLY aren't already widely used!
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Jun 7, 2022 17:41
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SettingSun posted:The Flexa whitepaper attempts to address this, but doesn't really back it up. It also seems to assume that someone will only pay with one of the options. Like, I have a bank account AND a credit card, so I can use whichever one is better for the current situations. And the checkmarks don't make sense either - I've totally got credit cards with no fees, and paying with either my credit card or debit card is CERTAINLY speedy since I can just tap it at most places. The first one, Freedom of Choice, is also totally disingenuous - it can't be checked unless the payment option has BOTH no fees AND "mechanisms of unwarranted control" (and then doesn't even explain what that MEANS). Does my bank have no fees but "unwarranted control"? No check! Does my credit card have fees but no "unwarranted control?" No check!
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Jun 7, 2022 17:42
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Rotten Red Rod posted:And the checkmarks don't make sense either - I've totally got credit cards with no fees Are they talking about fees for the consumer or fees for the merchant? Because if it's the former, I've never used a CC with consumer fees and the only CC I use right now has cash-back which could be construed as a negative fee.
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Jun 7, 2022 17:45
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Flowers for QAnon posted:This is how I can tell a moron from miles away that stuck out to me too, especially the analogy that is not even remotely similar to zero knowledge proofs its very funny that zkp has become a marketing buzzword but i guess that should be expected
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Jun 7, 2022 17:46
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priznat posted:Remember those companies that would pay you to have a little ad serving popup on your desktop? I know guys who would automate mouse movements and keyboard presses to spoof it and then do that on dozens of computers they administered at a college after hours. They got actual checks in the thousands before the plug got pulled. gently caress I think I ran something similar on my home computer and got about fifty bucks which was a nice beer bonus in college. It's what amazes me about the crypto wave. None of this is new (too much VC money, poorly thought out solutions to problems no one has, price manias), just somehow stupider and more openly fraudulent.
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Jun 7, 2022 17:52
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cash gives me freedom to get burrito from places that are not Chipotle
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Jun 7, 2022 17:53
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Vashro posted:cash gives me freedom to get burrito from places that are not Chipotle This is a problem for Chipotle that Flexa elegantly solves!!
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Jun 7, 2022 17:55
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snotball007 posted:A good example I like to think of is "How would you, irl, let someone know if you are over 21 years of age WITHOUT showing your birthday", and a simple example would be "A different color/format of ID" as some states have color codes for ID's based by age. and by reversing that 1 and 2 we can see why crypto bros are so interested in the system
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Jun 7, 2022 17:55
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Serious_Cyclone posted:Are they talking about fees for the consumer or fees for the merchant? Because if it's the former, I've never used a CC with consumer fees and the only CC I use right now has cash-back which could be construed as a negative fee. It says "basic consumer criteria" so either it means that or they need to relabel their chart
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Jun 7, 2022 17:55
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Dang It Bhabhi! posted:cryptos bros will never gently caress tango alpha delta posted:i'm not just talking about money, but relationships, which is something else i suspect crypto bros just aren't very good at. Yo, check out my NFT. It says I have her the D 
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Jun 7, 2022 17:57
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Rotten Red Rod posted:It says "basic consumer criteria" so either it means that or they need to relabel their chart Christ, who uses a credit card with consumer fees?? Are these crypto guys dusting off old pyramid scheme literature from the 80s and just copy/pasting it into whitepapers?
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Jun 7, 2022 17:59
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Serious_Cyclone posted:Christ, who uses a credit card with consumer fees?? Are these crypto guys dusting off old pyramid scheme literature from the 80s and just copy/pasting it into whitepapers? Like always they are just making up a problem so they can solve it, but in the end they just want to evangelize crypto so line go up.
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Jun 7, 2022 18:00
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priznat posted:Remember those companies that would pay you to have a little ad serving popup on your desktop? I know guys who would automate mouse movements and keyboard presses to spoof it and then do that on dozens of computers they administered at a college after hours. They got actual checks in the thousands before the plug got pulled. I had a geocities Wizardry 7 tip site in like 1998 and I made people click through on an ad and use one of the first words on the page as a password to get to the actual site I made like $50 before the company serving the ad shut me down, that was big money when I was a kid!
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