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3hands posted:What’s the best creative way to profit off of crypto with protection from big daddy fiat? Tesla puts? I’m ready to gamble a bit just so I can brag someday about profiting off of this con collapsing. Also I can’t stand Musk. Buy a graphics card for below MSRP. Unfortunately all your profits will be in the form of fps. Sorry, I thought you meant "safest" instead of "most creative"
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Jun 29, 2022 19:48
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3hands posted:What’s the best creative way to profit off of crypto with protection from big daddy fiat? Tesla puts? I’m ready to gamble a bit just so I can brag someday about profiting off of this con collapsing. Also I can’t stand Musk.
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Jun 29, 2022 19:51
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Wow how can I live with myself missing out on this once-in-a-lifetime opportunity and being so owned I did not touch the Currency Of The Future?
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Jun 29, 2022 19:58
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Neito posted:I picture it like this: You're really tired, so you chug a Monster Peachy Keen Zero Sugar. That wakes you up a bit and you can go a bit further, but it can't replace sleep. It'll keep you from crashing, but eventually time makes fools of us all. So the bitcoin price is, say, $20k, but the powers that be want it to be higher, so they buy a bunch of bitcoin off some rubes for $24k a pop using fake money, so that now they can say 'hey, the price is $24k!'. And they're hoping that this makes the price carry on going up and that a bunch of those rubes then use their fake money to buy their bitcoins back, both reducing the exchange's fake-money 'exposure' and hopefully making a little profit from the sale along the way if the price has indeed gone up...the problem is that, if all the rubes they've sold fake-money to come running asking to buy back their dirty fiat with their fake money, there's not actually anything there backing it and they're hosed?
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Jun 29, 2022 19:59
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3hands posted:What’s the best creative way to profit off of crypto with protection from big daddy fiat? Tesla puts? I’m ready to gamble a bit just so I can brag someday about profiting off of this con collapsing. Also I can’t stand Musk. Make your own crypto ATM and charge exorbitant fees to use it.
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Jun 29, 2022 20:01
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3hands posted:What’s the best creative way to profit off of crypto with protection from big daddy fiat? Tesla puts? I’m ready to gamble a bit just so I can brag someday about profiting off of this con collapsing. Also I can’t stand Musk. Forget it Jake, it's conclowntown.
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Jun 29, 2022 20:01
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They don't buy anything, exchanges just get their bots to use the exchanges own money to buy the exchanges own coins to move the price how they like. Painting the tape is illegal in real stock markets but the crypto world is the wild west so you can do no end of investment fraud. The infamous "small Bart" patterns are prime indicators of this - prices jump up by a thousand or so to wipe overlevereged short positions and pocket the money, then drop back down to the original price to wipe the longs who just bought in on the """pump""". Very easy to do when you're *checks notes* running the exchange and can see the entire order book and people's positions.
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Jun 29, 2022 20:02
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You people are too risk adverse. Tesla puts it is. Now stand back and watch me time the market.
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Jun 29, 2022 20:05
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Yeah if they were buying coins legit then new money would be injected so that’s not what they are doing
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Jun 29, 2022 20:05
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Drone_Fragger posted:The infamous "small Bart" patterns
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Jun 29, 2022 20:07
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3hands posted:You people are too risk adverse. Tesla puts it is. Now stand back and watch me time the market. For a serious answer, Coinbase puts. Although you're about 3 months too late to become rich off that. Still waiting for NFTs to somehow be shoehorned into the regular public markets next. Maybe have a couple more senators explain how people's 401Ks auto-investing into mutual funds that collect apes as their business model is good for retirement. Rad Russian fucked around with this message at 20:15 on Jun 29, 2022 |
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Jun 29, 2022 20:10
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Drone_Fragger posted:They don't buy anything, exchanges just get their bots to use the exchanges own money to buy the exchanges own coins to move the price how they like. Painting the tape is illegal in real stock markets but the crypto world is the wild west so you can do no end of investment fraud. Are you suggesting binance buying 2 billion in btc off of itself when the price hit the 18000s last week was in some way not above board?!?!?!?
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Jun 29, 2022 20:13
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Ryder Ripps, the guy behind the push to get BAYC labeled as 4chan white supremacy club, is being sued for his website (posted in this thread multiple times) "slandering" BAYC and then for selling his own BAYC knock-offs (the ones that Philion's dumb rear end was promoting). I am curious to see where the courts rule on this, as this may set a precedent for make NFTs less valuable as a speculative asset. https://www.theverge.com/2022/6/28/23184747/bored-apes-yuga-labs-ryder-ripps-lawsuit-trademark-infringement quote:The company behind Bored Ape Yacht Club has sued conceptual artist Ryder Ripps for selling duplicates of its Bored Ape non-fungible tokens or NFTs. The lawsuit, filed in a California court this weekend, accuses Ripps of a “calculated, intentional, and willful” scheme to damage BAYC while promoting his own copycat work. quote:Ripps (who has also sold original NFTs) described his work as a twist on appropriation art, exploring “the power of NFTs to change meaning, establish provenance, and evade censorship.” He’s run similar projects before, including selling a slightly modified version of a CryptoPunk designed to poke fun at the series. “The lawsuit grossly mischaracterizes the RR/BAYC project,” he said in a statement on Twitter, asserting that buyers were explicitly informed they weren’t buying an official Bored Ape. quote:Ripps’ work — among other copycat NFTs — has raised questions about how copyright law should apply to crypto art. And Ripps references the fact that BAYC copyright terms seem somewhat confusing and contradictory. But this suit doesn’t accuse Ripps of copyright infringement. So, rather than offering an early look at how courts will treat that issue, it will hinge on factors like whether Ripps was legitimately confusing people with his work — or whether people were buying into the project specifically because it wasn’t BAYC. As far as Ripps goes, the name sounded familiar to me, so I googled and: https://www.insider.com/azealia-banks-ryder-ripps-breakup-engagement-nft-sex-tape-2021-3 quote:Rapper Azealia Banks and artist Ryder Ripps have ended their engagement after three weeks, according to Banks' Instagram stories. quote:The Harlem-native rapper, 29, posted a series of Instagram stories on Saturday claiming that she didn't originally want to make the tape and that it became a source of dispute for the couple. Also, quote:Banks is no stranger to controversy. She's been embroiled in many scandals including most recently when she announced her engagement on social media and wrote "I'm Jewish now." One commenter responded, "It doesn't work like that" and she shot back with a transphobic rant. Edit: General Bullshit > Bitcoin: This is no mere monkey business PITY BONER fucked around with this message at 20:23 on Jun 29, 2022 |
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Jun 29, 2022 20:15
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3hands posted:What’s the best creative way to profit off of crypto with protection from big daddy fiat? Tesla puts? I’m ready to gamble a bit just so I can brag someday about profiting off of this con collapsing. Also I can’t stand Musk. Don't touch the poop. Even if you profit, you still get poo poo on your hands.
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Jun 29, 2022 20:20
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3hands posted:You people are too risk adverse. Tesla puts it is. Now stand back and watch me time the market. Don't do it. Remember the lesson of this guy: https://youtu.be/qKXrVriacUM
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Jun 29, 2022 20:26
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toiletbrush posted:I'm dumb and still not sure I get it. Pretty much. A lot of this is a greater-fool scam, and they're just looking for a greater fool because they were the greater fool to someone earlier in the line, and earlier they were, going all the way back to Crazy Jed's Discount Magic Online Cards and Bitcoin Emporium. Each round, everyone involved gets a little stupider and a little more desperate to get their money back. Eventually it'll just be the last two angry hodlers in a wal-mart parking lot fighting over a pack of Great Value brand peppermints. They can also do what's called "wash trading", where they sell it to their own sockpuppets for inflated prices (or, more likely, SAY that they did).
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Jun 29, 2022 20:28
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CharlestheHammer posted:Yeah if they were buying coins legit then new money would be injected so that’s not what they are doing I mean it costs exchanges nothing to buy and sell their own coins on their own exchanges, using their own reserves. They don't even need to buy and sell with real money or real coins, they can straight up fraud the entire thing since all the transactions are off chain, lol.
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Jun 29, 2022 20:28
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dead scat bounce bad shat bounce sad shat clowns
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Jun 29, 2022 20:40
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Cyrano4747 posted:Pretty much. A common problem for new companies is that they don't have the cash flow to pay for top talent. So usually they'll try to make it up in other ways. Most famously the early dot com stuff (before venture capital went balls deep on the tech industry) did that a LOT. Sometimes you ended up with a shitload of shares of Pets.com, but sometimes you were one of the guys who got a fuckload of pre-IPO Google or Amazon. Those people became rich beyond their wildest dreams of avarice and are basically the roll models for all these crypto tech bros. That's the whole appeal - get in way early on the ground floor and get yourself catapulted clear past the middle class, over the merely "rich", and into the stratosphere of people who fly on private jets. I can speak to this somewhat directly, because I was a computer toucher in the Bay Area through the OG dot-com crash, and am still in the same computer-toucher arena today. During the heady days of the dot-com boom, yes computer janitor types were getting crap-to-OK salaries and loving absurd stock options. I knew a group of guys (iirc they were all goons) who basically lived off Top Ramen paycheck to paycheck, gambling that this one was going to be  The One to hit big on an IPO. I dont know of any dev types who were hired on 100% options, but I can think of one specific company where a bunch of devs left Netscape and they all worked 100% for stock. I don't think the company was successful...  These days... startups pay a premium for engineering talent because nobody wants to deal with startup bullshit. There are stock options, and they're considerable if/when a company goes public or is acquired, but nothing close to what I saw in the dot-com days. Also I'd assume that all of these people either are or were involved with crypto at some point.
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Jun 29, 2022 20:40
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I know I'm super late about the last discussion about nft game things about playing as luigi in red dead 2 without mods but didn't gmod and/or pokemon accomplish the same thing many years ago
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Jun 29, 2022 20:40
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Adolf Glitter posted:Went down the ole rabbit hole wondering about the guy that paid 69 million for the beeple nft, and I ended up at a "crypto academy" that he seems to have interests in. One of their YouTube videos caught my eye as it had less views (403, lol) than something my kid uploaded trying to mod minecraft. The guy who "bought" the Beeple NFT just so happened to have massive amounts of the special token that was used to make the NFT in the first place. Beeple also had a ton of the token. The whole thing was a straw sale done to pump the poo poo out of the token as the way to NFT your arts, and it worked fantastically since both of them offloaded an assload of the token which had jumped like 200x. Yes, the entire NFT fad was kicked off by a blatantly obvious insider sale which was coordinated as part of a pulp and dump. It has been a scam from Ape to Lazy.
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Jun 29, 2022 20:47
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EorayMel posted:I know I'm super late about the last discussion about nft game things about playing as luigi in red dead 2 without mods but didn't gmod and/or pokemon accomplish the same thing many years ago I mean,the point's not to be feesable or even the first; it's to give some airy, happy-sounding thing that sounds good on a prospectus and gets another bag-holder to hold a bag. No thought beyond "that sounds cool" has ever entered into the process.
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Jun 29, 2022 20:53
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Shifty Pony posted:The guy who "bought" the Beeple NFT just so happened to have massive amounts of the special token that was used to make the NFT in the first place. Beeple also had a ton of the token. The whole thing was a straw sale done to pump the poo poo out of the token as the way to NFT your arts, and it worked fantastically since both of them offloaded an assload of the token which had jumped like 200x. Oh yeah, for sure. I should have said 'acquired' perhaps. I was mainly laughing at the fact it was all ephemeral bullshit, and the numbers are fantasy I didn't know that beeple was tokened up. That's a shame as he seemed OK the few times I saw him interviewed in the past. YerDa Zabam fucked around with this message at 21:02 on Jun 29, 2022 |
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Jun 29, 2022 20:57
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Cyrano4747 posted:Stock options are still a thing, but at lest in my understanding where they are today is nothing like what the situation was in the late 90s. Yeah, pretty much this. For FAANGs and other big tech, engineer comp is still more stock than salary, but almost all of them now do RSUs instead of options -- they just straight up give you shares of stock at regular increments, and their value at issuing time is counted as W-2 income. If you think your company's stock value is going to be pretty stable, you can hold onto them and treat it as a longer-term investment, or at least an inflation hedge; if you're not feeling hot about your company long-term, most of them have an auto-sale program that just immediately sells the stock as soon as you get it, so it's just a slightly variable second salary that you put into SPY / your mattress / whiskey addiction as you see fit. It's not the sort of "gamble on becoming a millionaire" thing that options used to be. That's largely limited to questionable startups atm.
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Jun 29, 2022 21:26
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lmao Gates has a ~$500 million short position against Tesla billionaire fight! billionaire fight!   
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Jun 29, 2022 21:27
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toiletbrush posted:I'm dumb and still not sure I get it. Time to break out the pic again. Yes, crypto is that stupid. You are not explaining it wrong. This is financial crimes 101. The kind of thing that was rampant in the 19th century. And it's all over crypto. Don't worry, though. They've stopped the bank runs by telling people who want real cash that they can't have their money. So everything is just peachy.
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Jun 29, 2022 21:28
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3hands posted:What’s the best creative way to profit off of crypto with protection from big daddy fiat? Tesla puts? I’m ready to gamble a bit just so I can brag someday about profiting off of this con collapsing. Also I can’t stand Musk. There's a really great investment opportunity here, and a bunch more ways to get actual value from your worthless fiat here.
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Jun 29, 2022 21:31
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3hands posted:You people are too risk adverse. Tesla puts it is. Now stand back and watch me time the market. $MSTR puts would've been better since they are basically just a bitcoin holding company, but yeah you kinda missed most of the potential gains on that trade 
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Jun 29, 2022 21:55
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PITY BONER posted:Ryder Ripps, the guy behind the push to get BAYC labeled as 4chan white supremacy club, is being sued for his website (posted in this thread multiple times) "slandering" BAYC and then for selling his own BAYC knock-offs (the ones that Philion's dumb rear end was promoting). I am curious to see where the courts rule on this, as this may set a precedent for make NFTs less valuable as a speculative asset. I cannot let mention of Azealia Banks go by without posting her greatest hits. She went off after Musky tried to get her in a three way with Grimes and then proceeded to fall all over himself on shrooms for the first time or I can't remember exactly what but here you go:
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Jun 29, 2022 22:13
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Azealia Banks is definitely someone I would never want to get on the bad side of. Love some of her tunes though!
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Jun 29, 2022 22:18
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She’s living in her own personal reality show
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Jun 29, 2022 22:34
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greazeball posted:I cannot let mention of Azealia Banks go by without posting her greatest hits. She went off after Musky tried to get her in a three way with Grimes and then proceeded to fall all over himself on shrooms for the first time or I can't remember exactly what but here you go: However, this is the first time I've heard about the Elon thing. That owns that she immediately put that dude on blast and shamed him for it.
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Jun 29, 2022 23:57
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https://twitter.com/SallyMayweather/status/1541979346210013185
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Jun 30, 2022 00:36
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There was a post with a tweet from Radio Shack in the trump thread, I thought Radio Shack was dead. Well it's dead to me now at least. 
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Jun 30, 2022 00:45
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lmao
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Jun 30, 2022 00:50
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My toolkit I use for computer/tech repair is Radioshack branded and I bought it in about 2000-2001 and I still use it. That's my Radioshack story. Also my first computer I ever had was a Tandy 1000 (Radioshack model) that I got handed down by a relative in the early 90s. Let's all remember the good times we had with Radioshack.
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Jun 30, 2022 00:55
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https://twitter.com/aaschapiro/status/1542281722540220416?s=21&t=XVx5hYhI8dIpor8gS0dKUg
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Jun 30, 2022 01:05
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Strong Sauce posted:https://twitter.com/aaschapiro/status/1542281722540220416?s=21&t=XVx5hYhI8dIpor8gS0dKUg Lmao, just lmao. It’s like every single bullet point the crypto bros put in favour of this poo poo has been systematically debunked one by one.
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Jun 30, 2022 01:06
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Strong Sauce posted:https://twitter.com/aaschapiro/status/1542281722540220416?s=21&t=XVx5hYhI8dIpor8gS0dKUg LMAO, zomg so decentralized and anonymous, really the future of finance.
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Jun 30, 2022 01:07
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Piggy Smalls posted:Well goons it all came to a head today. Nugen Coin talk here. My neighbor called to let me know she absolutely had to talk to me today. Nugen is about to go live June 30th and I have to do kyc forms so that the coins under my kids aren’t lost. This has been an entertaining story and I hope you keep continue to keep us updated on developments, but in terms of actual advice: stop being polite and engaging with these people. Ignore their emails, ignore their calls, don't answer the door for them. They're trying to steal your children's identity for an MLM scheme, cut them the gently caress off.
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Jun 30, 2022 01:14
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