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carticket posted:I bet you love the Free Staters. I live in the greater boston area, so think that attitude but i went X college and know more than you despite not working on studying your field.
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Jun 17, 2022 18:00
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Lol, and perchance lmao https://twitter.com/OracleHawk/status/1537838973254516737
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Jun 17, 2022 18:05
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Celsius had scheduled an AMA that all their customer support staff were pointing their angry customers to for reassurance his last week. 10 mins before the event was suppose to start it got cancelled with 2000 people waiting and the following video was uploaded: https://www.youtube.com/watch?v=akHW8Xen4Cw Rug pulling accountability to their creditors.
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Jun 17, 2022 18:11
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pippy posted:Celsius had scheduled an AMA that all their customer support staff were pointing their angry customers to for reassurance his last week. 10 mins before the event was suppose to start it got cancelled with 2000 people waiting and the following video was uploaded: ahahaha "comments are turned off"
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Jun 17, 2022 18:15
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Hyrax Attack! posted:ahahaha "comments are turned off" I wanted to shitpost so badly in there, and those cowards ruined my fun.
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Jun 17, 2022 18:25
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pippy posted:Celsius had scheduled an AMA that all their customer support staff were pointing their angry customers to for reassurance his last week. 10 mins before the event was suppose to start it got cancelled with 2000 people waiting and the following video was uploaded: holy poo poo LOL
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Jun 17, 2022 18:27
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Seems legit
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Jun 17, 2022 18:28
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"we did not want to get yelled at for 30 minutes straight"
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Jun 17, 2022 18:30
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All those cryptobros twitter profile pics have them smugly seated at some conference, fancy face mic attached to their head etc Now this fuckin guys in a t shirt Look like a dishrag lol
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Jun 17, 2022 18:31
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priznat posted:"we did not want to get yelled at for 30 minutes straight" they have real lawyers in place now who basically pulled a gun on him and told him under no circumstances can he make any public statement, at all
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Jun 17, 2022 18:43
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evilweasel posted:they have real lawyers in place now who basically pulled a gun on him and told him under no circumstances can he make any public statement, at all It's an interesting part of this "history of financial protections" speedrun that if someone in 1930 had gone to their bank and tried to withdraw money and were told they couldn't do that today but everything is fine, they had enough sense to know the institution had collapsed.
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Jun 17, 2022 18:53
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smellmycheese posted:Lol, and perchance lmao I, uh, am trying to put this in perspective of literally anything else that exists in the real world. I can't even begin to think how apocalyptic this would be if it happened to the current IRL stock market. Even in the absolute worst calamity of a sudden panic and such (Black *day) and its aftereffects did those ever come even close to half this much loss (real or imaginary)?
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Jun 17, 2022 18:59
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El Spamo posted:I, uh, am trying to put this in perspective of literally anything else that exists in the real world. I can't even begin to think how apocalyptic this would be if it happened to the current IRL stock market. Even in the absolute worst calamity of a sudden panic and such (Black *day) and its aftereffects did those ever come even close to half this much loss (real or imaginary)? the 1929 crash eventually wiped out 89% of market value, but that was over a three year period. the crypto collapse is currently going about 3-4 times that speed.
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Jun 17, 2022 19:14
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evilweasel posted:they have real lawyers in place now who basically pulled a gun on him and told him under no circumstances can he make any public statement, at all He knew that the AMA wouldn't happen days ago. Waiting till 10 mins before the start of the AMA to cancel it allowed Celsius to benefit from people dumping more collateral in their margin loans as crypto crashed.
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Jun 17, 2022 19:15
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 the market is probably even more hosed than that since a bunch of exchanges aren’t allowing withdrawals. It’ll be a total bloodbath whenever those exchanges start allowing withdrawals again.** unless Coinbase says gently caress it and goes wild with USDC.
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Jun 17, 2022 19:15
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Vampire Panties posted:
It looks like they can keep the price above 20k so long as they don't allow anyone to take money out, is that right?
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Jun 17, 2022 19:18
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Stink Billyums posted:the 1929 crash eventually wiped out 89% of market value, but that was over a three year period. the crypto collapse is currently going about 3-4 times that speed. Speedrunning the history of finance... I guess they're at the Great Depression now then?
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Jun 17, 2022 19:22
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is number ok? go upp???
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Jun 17, 2022 19:31
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greazeball posted:is number ok? go upp??? It's held relatively steady for the past 4 hours between 20400 and 20600.
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Jun 17, 2022 19:33
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Serious_Cyclone posted:It looks like they can keep the price above 20k so long as they don't allow anyone to take money out, is that right?  potentially? They can’t keep exchanges locked forever. They’re either using this time to steal whatever isn’t nailed down and are flying to non-extradition countries as I type this OR they’re trying to figure out how to let people out slowly without causing a stampede towards the exit. As others mentioned upthread, there’s a lot of evidence for significant margin calls if the price goes <20k, so that’s probably the  floor for the next few days/hours/picosecondsFiguring out how to leave retail holding the bag on those margin calls is probably what all of the exchanges and funds are desperately working on right now. IMO the easiest way to do that would be to introduce a new infra-exchange stablecoin that will let the whales cash out and retail gets left holding arcade tokens
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Jun 17, 2022 19:34
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I legit feel bad for people who were so let down by capitalism that they gravitated to this fraud with their life savings only to be hosed even harder.
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Jun 17, 2022 19:36
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the number hasn't moved in a while, somebody poke at it a little.
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Jun 17, 2022 19:38
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DebonaireD posted:the number hasn't moved in a while, somebody poke at it a little. Lots of HODL bots going on right now for Margin reasons probably. Need another link in the chain to collapse and suffer their liquidation first. Predicting that they are caught up to 2008, they should notice that everyone is loving everyone else and they all have the drops as they unwind poo poo when someone else announces their rug pull. They somehow all owe each other money and no one questions the circle until someone fucks off with the cash.
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Jun 17, 2022 19:42
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Vampire Panties posted:
There are a few "crypto finance" platforms blocking withdrawals (banking and lending platforms and poo poo like celsius), but there are no major exchanges doing this, are there? Dr. Video Games 0031 fucked around with this message at 19:54 on Jun 17, 2022 |
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Jun 17, 2022 19:44
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pippy posted:Celsius had scheduled an AMA that all their customer support staff were pointing their angry customers to for reassurance his last week. 10 mins before the event was suppose to start it got cancelled with 2000 people waiting and the following video was uploaded:  that's loving great
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Jun 17, 2022 19:51
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davecrazy posted:I legit feel bad for people who were so let down by capitalism that they gravitated to this fraud with their life savings only to be hosed even harder. I don't. They should try doing something concrete about it rather than wishing upon a star like loving losers.
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Jun 17, 2022 19:55
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Mooseontheloose posted:And to add the extra layer of irony, you peg yourself  PITY BONER posted:One of my relatives was a huge anti-establishment punk who realized he was good at programming, so he got his degree in compsci and spent that last decade or so working in tech. He transferred his anti-establishment stance into everything technological, including the typical "I gotta be at the forefront of something, because anyone at the forefront of anything in this field got to cash out with huge money" thinking that's common there. This, of course, all funneled his attention into cypto. I cannot express the level of joy this image brings me. Also: username/post combo.
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Jun 17, 2022 19:59
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How are u posted:I don't. They should try doing something concrete about it rather than wishing upon a star like loving losers. "lol just pull yourself up by your bootstraps" gently caress you
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Jun 17, 2022 19:59
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steinrokkan posted:Can somebody explain to me, a luddite, what's the point of a crypto coin pegged to the dollar? Avoiding banking laws and regulations. Using one of those fake-dollars instead of actual dollars lets you play on the offshore unregulated exchanges that can't do actual USD transfers because they don't follow banking laws/regs like anti-money laundering laws and know-your-customer regulations, and no legitimate bank will touch them as a result. But everyone still prices things in dollars and does business in dollars, so they invented fake "dollars" to act as a substitute. From the standpoint of the companies issuing those stablecoins, they're not subject to any oversight or verification that they actually have actual dollars to back/redeem the stablecoins, so there's nothing stopping them from printing up unbacked stablecoins and buying things up with them as if they were dollars. They can basically print free "money", as long as everyone stays convinced that the stablecoin is actually worth $1. Those really are the only reasons for them to exist and for people to use them rather than actual USD. If that seems like a great big red flag to you, congrats, you've got a better bullshit detector than most folks who have gotten deep into cryptos.
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Jun 17, 2022 20:01
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How are u posted:I don't. They should try doing something concrete about it rather than wishing upon a star like loving losers. Yeah I've never fallen for persuasion from any source either, high five
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Jun 17, 2022 20:03
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Dr. Video Games 0031 posted:"lol just pull yourself up by your bootstraps" More like realize the only path forward is to change the system, rather than trying to game the system to get rich. Not boostraps, but collective action and organizing with other people. Crypto people are selfish assholes who thought they could exploit a loophole to make themselves rich and powerful. gently caress them.
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Jun 17, 2022 20:08
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I mean Bitcoins persuasion is just you will get more money for nothing, and no we won’t elaborate on how
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Jun 17, 2022 20:08
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priznat posted:Screenshotting tweets is also a good idea if it is something extra stupid in case the person deletes it. That one wasn’t but also a good idea to ss regardless . Don'r be a dumbass and put it in the blockchain for real safety. (wow, I thought this was the other thread and replied to something like 20 pages back, you're welcome)
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Jun 17, 2022 20:08
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How are u posted:More like realize the only path forward is to change the system, rather than trying to game the system to get rich. Not boostraps, but collective action and organizing with other people. Voting has less of an impact than the piles of cash being dumped on politicians by crypto lobbyists hth.
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Jun 17, 2022 20:10
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punishedkissinger posted:Voting has less of an impact than the piles of cash being dumped on politicians by crypto lobbyists hth. If i were only talking about voting and nothing else then I guess you might have a point. Hth.
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Jun 17, 2022 20:11
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How are u posted:More like realize the only path forward is to change the system, rather than trying to game the system to get rich. Not boostraps, but collective action and organizing with other people.
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Jun 17, 2022 20:11
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Nessus posted:While I am sure there are a number of retail investors who either just bought in because it was the new hotness or because of the hypothetical Earnest but Desperate and Ignorant Real Working Class American status, a lot of these folks, I reckon... well, their problem isn't the system as such, it's their position in the system. Yep. They desperately want to be the boot stepping down on everybody else's neck, forever.
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Jun 17, 2022 20:13
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I wanna see number go down like https://www.youtube.com/watch?v=TtITyjaGr8g&t=165s
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Jun 17, 2022 20:17
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How are u posted:Yep. They desperately want to be the boot stepping down on everybody else's neck, forever. This is literally an accurate summary of capitalism and especially libertarianism. The more someone ascribes to the latter the more they just want to be above someone else on the social ladder without restrictions on suppression of those beneath them. So everything has to be a zero sum gently caress you got mine because that's what these sort of folks live for.
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Jun 17, 2022 20:24
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Squiggle posted:Yeah I've never fallen for persuasion from any source either, high five "Man Who Lost Everything In Crypto Just Wishes Several Thousand More People Had Warned Him" https://www.theonion.com/man-who-lost-everything-in-crypto-just-wishes-several-t-1848764551/amp
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Jun 17, 2022 20:24
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