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Coolness Averted posted:Yeah just spin it as "I know crypto exchanges have a history of bad data security. I trust you, not the exchange" hell you can even spin it further and say "Look, I obviously really trust you, if I don't mind these valuable assets you got for me are still in your name. It's not like you're gonna steal them. I trust you'll cash out when the time is right and can just give us the money." Don't spin it just say "I believe you've bought into a scam and I don't wanna be a part of it." Jfc what's with the pussyfooting here?
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Jun 22, 2022 09:59
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putin is a oval office posted:Don't spin it just say "I believe you've bought into a scam and I don't wanna be a part of it."
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Jun 22, 2022 10:07
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carrionman posted:So, I'm in no way a financial person, but I've been watching the bitcoin usd price and I've noticed it constantly seems to make a sawtooth shape, as in it slowly bleeds down, then abruptly shoots up $1-200 then bleeds out again. I can't speak to technical analysis or anything but the big players are desperately trying to pump the price back up to keep everything afloat. A lot of these DeFi protocols and other more explicit ponzis only appear to work when the line is going up, and when they fail there are cascading effects like the thing that motivated that Solend fiasco. We're seeing a lot more stablecoins being printed and there are rumors of big players bailing out various things. I'm not sure what the threshold is for things to really start collapsing but BTC being significantly under 20k for any long duration will cause a lot more chaos
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Jun 22, 2022 10:09
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deletebeepbeepbeep posted:Not gonna lie, kinda bummed about LCD Soundsystem. Don't you guys have enough money to not sell your soul to perform to 100 complete dorks that are barely paying attention, c'mon man. I have zero tolerance for NFT shills, but this is just a band taking a paying gig after a two year period where touring income was close to non-existent. Unless they are themselves pushing monkey jpegs then they're just selling their performance for actual real money they same as they always do, just with a higher % of chuds in the audience.
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Jun 22, 2022 10:15
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So is there actual money being burnt on this, or is it all a shell game moving monopoly money? Because I can't see this weird wobbly stability around 20k as being super attractive to new "investors"
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Jun 22, 2022 10:18
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Also, for some stupid reason I decided to have a look at the bitcoin reddit. I made it as far as "amazon needs bitcoin far more than bitcoin needs to be allowed on amazon" before I had to tap out
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Jun 22, 2022 10:26
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another stiff. too much like the others: greasy "streetwear", patchy facial hair, fedora fused to scalp by open sores like a saddle blanket on a lame horse. same curious foam erupting from mouth and nose. like they all ate a science fair volcano moments before croaking. this one holds the clue i didn't want to find... a video open on his laptop, inches from the stiffening corpse. "mega mutant serum chug". I sigh. not another one. tell the boys to get the UV lights out of the truck. another late one tonight. i turn to the photog. "his funds are 'safu' for good now". the guy laughs, but he doesn't smile. he wants to get out of here before the skin starts to split. i don't blame him.
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Jun 22, 2022 10:28
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Parkingtigers posted:I have zero tolerance for NFT shills, but this is just a band taking a paying gig after a two year period where touring income was close to non-existent. Unless they are themselves pushing monkey jpegs then they're just selling their performance for actual real money they same as they always do, just with a higher % of chuds in the audience. Ex musician here. I've done paid gigs for retiring ex police chiefs, tories, hunts and some of the worst dregs of elite society, and you speak the truth. All I did was do my job and take their money, often charging them an rear end in a top hat tax in the process, and no doubt LCD Soundsystem are doing exactly the same.
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Jun 22, 2022 10:32
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carrionman posted:So, I'm in no way a financial person, but I've been watching the bitcoin usd price and I've noticed it constantly seems to make a sawtooth shape, as in it slowly bleeds down, then abruptly shoots up $1-200 then bleeds out again. carrionman posted:So is there actual money being burnt on this, or is it all a shell game moving monopoly money? Because I can't see this weird wobbly stability around 20k as being super attractive to new "investors" carrionman posted:Also, for some stupid reason I decided to have a look at the bitcoin reddit. I made it as far as "amazon needs bitcoin far more than bitcoin needs to be allowed on amazon" before I had to tap out Okay you’re clearly trying to talk yourself into putting money on crypto. Possibly you already have money in there and you’re trying to justify it to yourself Don’t do it. There are so many scams that it’s not worth the risk. You would have better luck at the casino. Try day trading actual penny stocks if you really need to, you’ll still lose but then at least you won’t have to deal with the tax stuff. Anything other than bitcoin
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Jun 22, 2022 10:45
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What does "safu" mean? Is it just dumb internet speak for safe, like "frens" for friends, or "hodl" for hold, or is it some other bullshit I've glossed over?
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Jun 22, 2022 10:51
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fish and chips and dip posted:What does "safu" mean? Is it just dumb internet speak for safe, like "frens" for friends, or "hodl" for hold, or is it some other bullshit I've glossed over? https://www.urbandictionary.com/define.php?term=Safu
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Jun 22, 2022 10:57
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fish and chips and dip posted:What does "safu" mean? Is it just dumb internet speak for safe, like "frens" for friends, or "hodl" for hold, or is it some other bullshit I've glossed over? 'Fren' is short for Far Right Ethno Nationalist
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Jun 22, 2022 11:01
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Ziv Zulander posted:Okay you’re clearly trying to talk yourself into putting money on crypto. Possibly you already have money in there and you’re trying to justify it to yourself Lol, gently caress no. This is just becoming my equivalent of lovely reality tv, I come home from work and see how the dumbasses are justifying losing more money on their scam dollars today. It's just so goddamn fascinating to me how every little detail just screams 'bullshit' and the more I learn the worse it gets! The only scam I have money in is the damned NZ housing market, but a genuine thanks for trying to warn me
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Jun 22, 2022 11:03
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Apologies since this has probably been asked before in this thread, but are there still true believers in the crypto world who actually think that these are genuine currency alternatives instead of just investment vehicles built on bullshit? If so, how in the actual hell do they justify that stance? Because if there's at least one thing a stable, everyday currency probably shouldn't have is these absolute wild value swings. I still just don't get it. I look at it and see just nothing but people hawking their respective ponzi schemes so that they're not left holding the bag. IBroughttheFunk fucked around with this message at 11:21 on Jun 22, 2022 |
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Jun 22, 2022 11:12
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erosion posted:'Fren' is short for Far Right Ethno Nationalist Are you saying “animal frens” on Reddit a fascist puppers?
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Jun 22, 2022 11:21
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Automatic Slim posted:Are you saying “animal frens” on Reddit a fascist puppers? Probably.
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Jun 22, 2022 11:31
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IBroughttheFunk posted:Apologies since this has probably been asked before in this thread, but are there still true believers in the crypto world who actually think that these are genuine currency alternatives instead of just investment vehicles built on bullshit? If so, how in the actual hell do they justify that stance? Because if there's at least one thing a stable, everyday currency probably shouldn't have is these absolute wild value swings. I’m ignorant but the way I understand, they still actually are currencies. It’s a bad currency, but still the best currency for illegal activities, like blackmail or drugs or whatnot. I think that’s the only thing that makes crypto not a full ponzy scheme: it is useful, if only for criminal activity
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Jun 22, 2022 11:53
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IBroughttheFunk posted:Apologies since this has probably been asked before in this thread, but are there still true believers in the crypto world who actually think that these are genuine currency alternatives instead of just investment vehicles built on bullshit? If so, how in the actual hell do they justify that stance? Because if there's at least one thing a stable, everyday currency probably shouldn't have is these absolute wild value swings. The answer to any question starting with "are there still true believers in the crypto world who actually think..." will always be yes. Crypto is anything you wish it to be. Justification? You can justify anything with some level of ignorance of one or more of: How finance/currency works, how the technology works, what non-crypto solutions actually exist and why things currently work they way they do. Money is an extremely complex field, technology is an extremely complex field, and very few people fully understand both.
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Jun 22, 2022 12:09
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The year is 2022. Fascists, sex creeps, and scammers all speak in a strange baby talk patois. We are truly in hell
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Jun 22, 2022 12:14
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Scratch Monkey posted:The year is 2022. Fascists, sex creeps, and scammers all speak in a strange baby talk patois. We are truly in hell hey if someone talks like that in person around you it's a convenient signal you should instantly judo chop them in the windpipe and pull their pants around their ankles
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Jun 22, 2022 12:16
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Has anybody said yet, “the internet makes you stupid”?
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Jun 22, 2022 12:50
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pray for my aunt posted:That's the Bart Simpson, it's part of the regular market manipulation. your typical halving cycle will include several bart simpsons on the way down
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Jun 22, 2022 13:12
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Tarquinn posted:Has anybody said yet, “the internet makes you stupid”? Why would anyone spread such falsehoods?
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Jun 22, 2022 13:18
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MarcusSA posted:I don't care for her but god drat thats a good burn. 
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Jun 22, 2022 13:32
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MarcusSA posted:I don't care for her but god drat thats a good burn. I'm pretty sure she stole that from the Crypto Boy song. Which honestly is all the more appropriate for this event.
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Jun 22, 2022 13:45
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Dr. Video Games 0031 posted:and, astonishingly, blockchains offer even less value to the real world than all the random dot-com startups did. Pets.com at least would get me a bag of dog food.
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Jun 22, 2022 13:48
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Elerion posted:The answer to any question starting with "are there still true believers in the crypto world who actually think..." will always be yes. Crypto is anything you wish it to be. That helps clarify things better than most of the articles I've gone out of my way to read to try and understand what the gently caress crypto, blockchain, NFTS, actually are and what people see in them. Dr. Video Games 0031 posted:and, astonishingly, blockchains offer even less value to the real world than all the random dot-com startups did. Blockchain has always felt like the ultimate thing in need of an actual purpose. I have yet to see a justification for blockchain, just people claiming "[Thing that absolutely does not need blockchain] will work better on blockchain," and then providing an explanation that at best, just highlights how absolutely useless it is. IBroughttheFunk fucked around with this message at 14:11 on Jun 22, 2022 |
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Jun 22, 2022 14:04
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IBroughttheFunk posted:That helps clarify things better than most of the articles I've gone out of my way to read to try and understand what the gently caress crypto, blockchain, NFTS, actually are and what people see in them. I forget if it was here or the buttcoin thread but to quote the lecture on crypto that got posted yesterday, the only use blockchain has is as a filter. If someone says "we can put X on blockchain" they don't know anything about X and their opinions can be safely ignored.
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Jun 22, 2022 14:27
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Serial grifters/convicted criminals are now getting involved in this poo poo and charging 10s of thousand of dollars to learn how to get rich quick, but with blockchain metaverse NFT [insert buzzword here]!!!, so you know the goose has been fully cooked https://www.youtube.com/watch?v=RZOHYm2TpVM&t=98s
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Jun 22, 2022 14:27
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IBroughttheFunk posted:Apologies since this has probably been asked before in this thread, but are there still true believers in the crypto world who actually think that these are genuine currency alternatives instead of just investment vehicles built on bullshit? If so, how in the actual hell do they justify that stance? Because if there's at least one thing a stable, everyday currency probably shouldn't have is these absolute wild value swings. On another forum I visit (it's about college sports, but they have an off-topic section with a crypto thread) and there are definitely still true believers out there. I think it boils down to not having to be tied to traditional banks. Lots of talk of decentralization, lack of central control, etc. They're mostly just trying to talk themselves into how it's still useful, when in reality it's just an easy way to get scammed.
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Jun 22, 2022 14:33
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fuctifino posted:Ex musician here. I've done paid gigs for retiring ex police chiefs, tories, hunts and some of the worst dregs of elite society, and you speak the truth. All I did was do my job and take their money, often charging them an rear end in a top hat tax in the process, and no doubt LCD Soundsystem are doing exactly the same. somewhere at my parents house I still have a burned CD of your violin stuff from like 2002 lol
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Jun 22, 2022 14:37
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I'm curious how many of the "gently caress banks" crowd have heard of credit unions.
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Jun 22, 2022 14:37
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Mercury_Storm posted:Serial grifters/convicted criminals are now getting involved in this poo poo and charging 10s of thousand of dollars to learn how to get rich quick, but with blockchain metaverse NFT [insert buzzword here]!!!, so you know the goose has been fully cooked You don't have to say "now". They've been involved from the very beginning.
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Jun 22, 2022 14:41
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putin is a oval office posted:Don't spin it just say "I believe you've bought into a scam and I don't wanna be a part of it." Agreed. "This sounds like a scam, please stop involving me."
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Jun 22, 2022 14:46
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carrionman posted:So is there actual money being burnt on this, or is it all a shell game moving monopoly money? Because I can't see this weird wobbly stability around 20k as being super attractive to new "investors" There's some money in it, but it's very thin and the market is highly illiquid; major players getting out can crash the price hundreds or thousands of dollars in minutes. Some of it is shell game, some of it is ponzie, some of it is greater fool scamming, some of it is just true believers. Divabot, author of Attack of the 50 Foot Blockchain and Libra Shrugged, has some great analysis on this kind of thing on his website, https://davidgerard.co.uk/blockchain/ A lot of this "money" is either "Well, he traded this many stablecoins for a slurp juice, then that slurp juice for a Mangosteen NFT, so the NFT is worth that many stable coins, which we've all decided to pretend are equivalent to dollars in value" with no, or comparably little, money entering into the economy. I think at one point there were several billion Terra in existence that was backed up by like, maybe a couple hundred million in reserves? IBroughttheFunk posted:Apologies since this has probably been asked before in this thread, but are there still true believers in the crypto world who actually think that these are genuine currency alternatives instead of just investment vehicles built on bullshit? If so, how in the actual hell do they justify that stance? Because if there's at least one thing a stable, everyday currency probably shouldn't have is these absolute wild value swings. Some, mostly on Reddit and hidden deep in a Discord that you have to find from another Discord that you have to own an Ape to get into, but they're comparably rare. IBroughttheFunk posted:That helps clarify things better than most of the articles I've gone out of my way to read to try and understand what the gently caress crypto, blockchain, NFTS, actually are and what people see in them. Neophilia is a huge problem in tech. "This solution is interesting on a technical level, therefore it must solve a problem and I just have to find it". It's the same urge that brings people to re-invent the city bus every few weeks.
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Jun 22, 2022 15:00
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Mercury_Storm posted:Serial grifters/convicted criminals are now getting involved in this poo poo and charging 10s of thousand of dollars to learn how to get rich quick, but with blockchain metaverse NFT [insert buzzword here]!!!, so you know the goose has been fully cooked It's still incredible how people absorbed the anesthetic of Wolf of Wall Street and totally ignored the fraud and jail time parts. You know, the "plot".
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Jun 22, 2022 15:03
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Verdugo posted:Agreed. "This sounds like a scam, please stop involving me." I know if one of my neighbors told me they were giving me and my family a bunch of buttcoins or whatever other cryptocurrency nonsense, not only would I not give a poo poo about having "bad blood" with them, I'd probably actively mock them whenever I saw them
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Jun 22, 2022 15:09
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Tarquinn posted:Has anybody said yet, “the internet makes you stupid”? Yes. In fact the guy who coined the phrase killed himself.
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Jun 22, 2022 15:10
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fuctifino posted:Ex musician here. I've done paid gigs for retiring ex police chiefs, tories, hunts and some of the worst dregs of elite society, and you speak the truth. All I did was do my job and take their money, often charging them an rear end in a top hat tax in the process, and no doubt LCD Soundsystem are doing exactly the same. Jello Biafra wept.
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Jun 22, 2022 15:11
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MechaCrash posted:I'm curious how many of the "gently caress banks" crowd have heard of credit unions. thoses are also run by ((((((((((them))))))))))). some of them probably are in fact "them" and while they offer better stuff than any bank, theyre probably compareable with other CUs, local , major online ones, etc.
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Jun 22, 2022 15:12
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