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lynch_69
Jan 21, 2001

It plummeted down to just over 19,000.

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frameset
Apr 13, 2008

lynch_69 posted:

It plummeted down to just over 19,000.



:yeshaha:

Dirk Pitt
Sep 14, 2007

haha yes, this feels good

Toilet Rascal


Am I crazy or is this advertising that they are sponsoring the largest crypto conference in Toronto in the month of August tyool 2022?

That seems like a really low bar…

steinrokkan
Apr 2, 2011



Soiled Meat

Dirk Pitt posted:



Am I crazy or is this advertising that they are sponsoring the largest crypto conference in Toronto in the month of August tyool 2022?

That seems like a really low bar…

Also known as The Thunderdome

Unperson_47
Oct 14, 2007



It's a con, alright.

Also the crucible of all COVID strains, new and old going by testimonials from Apefest.

Zathril
Nov 12, 2011

Unperson_47 posted:

It's a con, alright.

Also the crucible of all COVID strains, new and old going by testimonials from Apefest.

Apes alone weak, apes together dead.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost

Dirk Pitt posted:



Am I crazy or is this advertising that they are sponsoring the largest crypto conference in Toronto in the month of August tyool 2022?

That seems like a really low bar…

Largest conference in 2022!

:hmmno:

Largest cryptocurrency conference in 2022?

:hmmno:

Largest blockchain and cryptocurrency conference in 2022?

:hmmno:

Um, largest blockchain and cryptocurrency conference in 2022 in Canada?

:hmmno:

Largest blockchain and cryptocurrency conference in 2022 in Toronto?

:hmmno:

Largest blockchain and cryptocurrency conference in August 2022 in Toronto, surely. Come on, dude.

:hmmyes:

I really wish that they'd had to get down to specifying the venue.

Lumbermouth
Mar 6, 2008

GREG IS BIG NOW



They really are the most intensely credulous people, huh?

toiletbrush
May 17, 2010

lynch_69 posted:

It plummeted down to just over 19,000.


the pattern always seems to be massive sudden drops followed by meandering crawls back to somewhere close to where it fell from...is each of these drops basically someone nope-ing out of bitcoin?

notwithoutmyanus
Mar 17, 2009

toiletbrush posted:

the pattern always seems to be massive sudden drops followed by meandering crawls back to somewhere close to where it fell from...is each of these drops basically someone nope-ing out of bitcoin?

Someone being institutions, yes.

The Pirate Captain
Jun 6, 2006

Avast ye lubbers, lest ye be scuppered!

This is great.

Dirk Pitt posted:



Am I crazy or is this advertising that they are sponsoring the largest crypto conference in Toronto in the month of August tyool 2022?

That seems like a really low bar…

They got the name of the conference wrong (Futuristic instead of Futurist) but their logo does appear on the conference page. I’m amazed they actually spent money on something.

steinrokkan
Apr 2, 2011



Soiled Meat
Assuming they didn't pay them in Nugen IOUs lol

Ups_rail
Dec 8, 2006

by Fluffdaddy
I like AMP!

It now 0.0092

Less than a penny ground floor baby.


Also why would institutions wanna buy bitcoin? I mean isnt just good for buying drugs and illegal poo poo.

LordArgh
Mar 17, 2009

Nap Ghost
i'd like an update on what's going on with the nugen neighbors please

There Bias Two
Jan 13, 2009
I'm not a good person

LordArgh posted:

i'd like an update on what's going on with the nugen neighbors please

They probably escalated to breaking and entering in order to force OP to sign the docs.

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!
Nugen coin was shut down by the feds because the docs never got signed :(

Random Stranger
Nov 27, 2009



There Bias Two posted:

They probably escalated to breaking and entering in order to force OP to sign the docs.

Hostage situation which is why we have no updates.

frameset
Apr 13, 2008

"Please sign the docs. Please. It will make the website come back and we'll all make it. Sacrifice your daughter! Give her to nugen and the website will come back! It's the only way."

Coolness Averted
Feb 20, 2007

oh don't worry, I can't smell asparagus piss, it's in my DNA

GO HOGG WILD!
🐗🐗🐗🐗🐗

Ups_rail posted:

Also why would institutions wanna buy bitcoin? I mean isnt just good for buying drugs and illegal poo poo.

Accumulated wealth is so concentrated that they're looking for any gamble since it was getting harder to break ahead of the pack of other billion dollar firms, especially when interest rates were low, it's why you see tech startups recieve so much investor cash too.
Though really for institutions it was just dipping toes into volatile assets and flipping. Especially when bitcoin didn't dissappear quickly. None of them thought crypto was the future, but there's obviously a zealous market they could sell to.

evilweasel
Aug 24, 2002

Ups_rail posted:

Also why would institutions wanna buy bitcoin? I mean isnt just good for buying drugs and illegal poo poo.

here is one of the most terrifying things about finance

you think “its hundreds of millions of dollars, there must be teams of highly qualified people thinking through every aspect of it” nope its a guy, wired on coffee and potentially cocaine, who didn’t sleep last night and really doesn’t care about anything other than his next bonus

every time i look under the hood at a finance company I’m terrified which makes finance, but dumber, wrap around to comedy

Lazyfire
Feb 4, 2006

God saves. Satan Invests

Somfin posted:

I really wish that they'd had to get down to specifying the venue.

Mark's mom's basement. Bring a snack and remember no loud music after ten.

Astaldo
Jan 4, 2015

xXxGangsterNinjaAssassinxXx
If I print out a picture that is on some link, then took one of my unique dumps on this printed out picture, is that pretty much what an NFT is? Or should I just print out the link?

HappyHippo
Nov 19, 2003
Do you have an Air Miles Card?

PostNouveau posted:

Surely this is criminal

From posts/screenshots it does look like they explicitly lied about it. Should be interesting to see what happens, this wasn't some numbered corporation in the Seychelles, they have their headquarters in the US and were listed on the TSX. It also seems like the DOJ is ramping up fraud charges for crypto:
https://twitter.com/web3isgreat/status/1542694204777930752
https://twitter.com/web3isgreat/status/1542690759744360450
https://twitter.com/web3isgreat/status/1542686720331849728
https://twitter.com/web3isgreat/status/1542681873725460482

Sydney Bottocks
Oct 15, 2004

LordArgh posted:

i'd like an update on what's going on with the nugen neighbors please

They're currently breaking the OP and their family's legs bread with OP, and telling OP that their refusal to give up the pertinent personal info is what sent them into financial ruin all water under the bridge now and it's all good :)

Time_pants
Jun 25, 2012

Now sauntering to the ring, please welcome the lackadaisical style of the man who is always doing something...


Oh poo poo I didn't know Kimbo Slice was dead.

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

Time_pants posted:

Oh poo poo I didn't know Kimbo Slice was dead.

Broooooooo, he's been dead a while.

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!

Astaldo posted:

If I print out a picture that is on some link, then took one of my unique dumps on this printed out picture, is that pretty much what an NFT is? Or should I just print out the link?

An nft is a nonaccredited, unregulated, and unlicensed certificate of authenticity that can be created by anyone. Just that - no inherent product, rights, or value

fullroundaction
Apr 20, 2007

Drink beer every day
I did see a post when I was checkin out the Nugen launch yesterday about customer service being offline for a while because of the 4th holiday weekend or something like that. So unless they’re the dumbest possible company of all time launching a new website and customer platform the day before a long holiday weekend (not ruling this out) I can’t imagine it not being a a straight up rugpull.

Looking through the Facebook groups made me really sad. The people there aren’t the normal crypto bros you’d expect, they all seemed to skew much older and all had the really creepy cult-MLM vibe you see from super Christian Amway folks. I don’t know if that’s something they engineered by design, but makes sense vis a vis what we know about Goon Neighbors

spunkshui
Oct 5, 2011



from an article posted:

Perhaps the biggest problem of NuGen Coin is that it is not listed on any public exchange. That means its price is not determined by the market.

When you read on the NuGen Coin’s website that the price of NGEN went up from 0.0967 to 0.3275, it is not real market data. Since NuGen is the only entity selling the token, they are the ones who arbitrarily determine its price.

It means that when you want to sell your token, you have to hope NuGen will want to buy it from you for a higher price.


It cant be that stupid you must be explaining it wrong.

spunkshui fucked around with this message at 16:35 on Jul 2, 2022

slidebite
Nov 6, 2005

Good egg
:colbert:

fullroundaction posted:

Looking through the Facebook groups made me really sad. The people there aren’t the normal crypto bros you’d expect, they all seemed to skew much older and all had the really creepy cult-MLM vibe you see from super Christian Amway folks. I don’t know if that’s something they engineered by design, but makes sense vis a vis what we know about Goon Neighbors
These are the exact same people that should know better than to get taken in by poo poo which sounds too good to be true.

I have a relative that got taken for thousands 10ish years ago by a ponzi scheme with "guaranteed" 50% rate of return. This is an educated man who knows better but gets fast talked into bullshit. It wouldn't surprise me in the slightest if he gets taken in by crypto. If he does I have zero sympathies.

chaosbreather
Dec 9, 2001

Wry and wise,
but also very sexual.

Imagine I run a Twitter account where I just mention you if you win an auction run by the latest person I mentioned and I get a cut of the auction. And a group of people went around claiming you can’t “really” look at my avatar if you weren’t the latest winner. And there were, sometimes, really terrible games and events and poo poo that would consider the person I mentioned last special in some way, like letting them in to a concert comprised of people who bid on identical tweet mention scams.

That Twitter account comprises the entire feature set of an NFT, but is infinitely better: you can win an auction on eBay with regular money and send and get a refund freely and instantly through PayPal, making a tweet isn’t the environmental impact of burning down a forest, setting up a Twitter account and tweeting is free, not a variable amount between $20-400; and Twitter has a massive mainstream user base. And it’s still the dumbest thing you’ve ever heard. That’s NFTs.

Call Your Grandma
Jan 17, 2010

did that dude ever get his apes back?

El Spamo
Aug 21, 2003

Fuss and misery

fullroundaction posted:

I did see a post when I was checkin out the Nugen launch yesterday about customer service being offline for a while because of the 4th holiday weekend or something like that. So unless they’re the dumbest possible company of all time launching a new website and customer platform the day before a long holiday weekend (not ruling this out) I can’t imagine it not being a a straight up rugpull.

Looking through the Facebook groups made me really sad. The people there aren’t the normal crypto bros you’d expect, they all seemed to skew much older and all had the really creepy cult-MLM vibe you see from super Christian Amway folks. I don’t know if that’s something they engineered by design, but makes sense vis a vis what we know about Goon Neighbors

It's the perfect time to do a rug pull and disappear because with the long holiday weekend you can use that as a smokescreen. Everyone will assume that there's technical difficulties that aren't going to be dealt with until people come back from the long weekend, and by the time folks realize on Tuesday or Wednesday that the website is not coming back you're long gone.

Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

Dirk Pitt posted:



Am I crazy or is this advertising that they are sponsoring the largest crypto conference in Toronto in the month of August tyool 2022?

That seems like a really low bar…

This is like when I tell my cat he's the best Bingly in the entire house.

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.

chaosbreather posted:

Imagine I run a Twitter account where I just mention you if you win an auction run by the latest person I mentioned and I get a cut of the auction. And a group of people went around claiming you can’t “really” look at my avatar if you weren’t the latest winner. And there were, sometimes, really terrible games and events and poo poo that would consider the person I mentioned last special in some way, like letting them in to a concert comprised of people who bid on identical tweet mention scams.

This is like a dumber version of what furries have been doing for years and at least then your avatar might be massively endowed and people will draw porn of it.

Boywhiz88
Sep 11, 2005

floating 26" off da ground. BURR!

Neito posted:

This is like when I tell my cat he's the best Bingly in the entire house.

Good name.

notwithoutmyanus
Mar 17, 2009

slidebite posted:

These are the exact same people that should know better than to get taken in by poo poo which sounds too good to be true.

I have a relative that got taken for thousands 10ish years ago by a ponzi scheme with "guaranteed" 50% rate of return. This is an educated man who knows better but gets fast talked into bullshit. It wouldn't surprise me in the slightest if he gets taken in by crypto. If he does I have zero sympathies.

I see plenty that target random people even discussing crypto and pointing out like 700% in 4 weeks on trading bots. which is explicit scams and fraud. Like poo poo, in my heyday I made 3% a day on bots for a month and that was insane (and not sustainable, and also pure luck of circumtance). Today, I like much more sanity settling for well under 1% a day that I can sleep on.

Verdugo
Jan 5, 2009


Lipstick Apathy

PhazonLink posted:

this is what horders tell themselves why their burger recpeit of EVENT is going to be worth big money.


I bought tickets from ticketmaster for a show and they gave me an exclusive NFT of my ticket. Aka a picture of it.

So I can register for their dumb website and have a virtual wallet where I can see all my past ticket NFTs. What a stupid prospect and I can't see how they could possibly have external value. L

evilweasel
Aug 24, 2002

notwithoutmyanus posted:

I see plenty that target random people even discussing crypto and pointing out like 700% in 4 weeks on trading bots. which is explicit scams and fraud. Like poo poo, in my heyday I made 3% a day on bots for a month and that was insane (and not sustainable, and also pure luck of circumtance). Today, I like much more sanity settling for well under 1% a day that I can sleep on.

I, too, will settle for a mere sub-365% return per year. Or maybe not given that I didn't bother to do the math on 1% daily compounding instead of additive.

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Viscous Soda
Apr 24, 2004

Ubersandwich posted:

This has similar energy when Second Life had two weeks of popularity and there were people really hyping up how'd it's going to be used as a virtual space for EVERYTHING.

I really find the old (and apparently almost completely forgotten) hype about the Second Life amusing, since now it's being regurgitated pretty much word per word for Metaverse hype. Except somehow all of the Metaverse products I've seen are somehow even lamer than Second Life.

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