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https://www.bloomberg.com/view/articles/2015-03-30/bitcoin-secret-agents-were-pirates-themselves
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Jul 11, 2022 16:33
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Turns out cops are crooked no matter who hires them
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Jul 11, 2022 16:52
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Carl Mark Force IV.....did something wrong??????
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Jul 11, 2022 17:11
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Neito posted:How about instead I just come over and take 60% of everything you own over the next five months. It'll be the same experience, and I get a new Playstation, so the net happiness of the world increases. Jokes on you I own a PS1, and a N64. with only one game Shadows of the empire. I do have alot of early 1990s porn on VHS and an old betamax machine. Now I know what your thinking (I bet this retarded goon has alot of anime/weeb poo poo) and sadly no I ebayed all my old anime tapes back in the late 1990's. Also come on I just dont wanna miss out on all the fun cyrpto can bring to world. like photos of bored apes. (USER WAS PUT ON PROBATION FOR THIS POST)
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Jul 11, 2022 17:44
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joke's on you actually, I'm a time traveler from 1998 so it makes perfect sense that I still post like a moron
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Jul 11, 2022 20:06
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Voyager today:voyager posted:What will happen to the crypto in my account?  Clearly you have that other 650 million. Just... it's on paper, because it's gone.
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Jul 11, 2022 20:17
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notwithoutmyanus posted:Voyager today: It's the exact same thing as with the FDIC-insured claim Voyager used to make. It's a wholly true statement, it just rather misses the point in any operative sense. Calculating the extent to which "true but useless statements" are any better than "outright lies" I leave as an exercise for the reader. Jean-Paul Shartre fucked around with this message at 20:22 on Jul 11, 2022 |
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Jul 11, 2022 20:20
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https://twitter.com/pcgamer/status/1546517744455229440?s=21&t=Aq9_93cc2dkFK0mrDDEkMQ
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Jul 11, 2022 20:23
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JohnCompany posted:It's the exact same thing as with the FDIC-insured claim Voyager used to make. It's a wholly true statement, it just rather misses the point in any operative sense. yeah, they played the same poo poo on that too. voyager posted:Yes. USD in your Voyager cash account is held at Metropolitan Commercial Bank of New York (“MCB”) and is FDIC insured. That means you are covered in the event of MCB’s failure, up to a maximum of $250,000 per Voyager customer. FDIC insurance does not protect against the failure of Voyager, but to be clear: Voyager does not hold customer cash, that cash is held at MCB. I'm not even sure this rings true.
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Jul 11, 2022 20:25
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Ups_rail posted:You know who won, Jeff did he bought SA with crypto.... Importantly, no, he did not; he bought it with actual money that he raised by selling crypto to other people who will now struggle to make any money off of what they bought. Because crypto is a greater fool scam. As a professional game developer, hell yes this guy rules.
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Jul 11, 2022 20:26
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notwithoutmyanus posted:Voyager today: hey look, just because "they refused to pay" and "they lost all their money in an obvious ponzi scheme" and "the founders have gone on the run" and "if there was anything left the founders took it" doesn't mean there's not some blood to get from that stone
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Jul 11, 2022 20:27
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Somfin posted:Importantly, no, he did not; he bought it with actual money that he raised by selling crypto to other people who will now struggle to make any money off of what they bought. Because crypto is a greater fool scam.
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Jul 11, 2022 20:42
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  howwwwwwwww
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Jul 11, 2022 20:44
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Vampire Panties posted:
They bet on red, it came up black. Ignore the fact that the table is rigged, too.
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Jul 11, 2022 20:46
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today's completely incoherent attempt at explaining a crypto use case is worth watching https://twitter.com/dee_bosa/status/1546526832815616005
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Jul 11, 2022 20:50
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I mean the actual answer for a real use case is one that he doesn't want to say, which is cybercrime and money laundering.
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Jul 11, 2022 20:58
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That interview was fantastic, especially this bit quote:"Computationally, like in real life, if you don't trust the people that you're working with, you have to spend a lot more energy to achieve the same things," he says. "If I'm living with you in the same house and we don't trust each other, I have to, every time before I leave my house, hide my valuables. I have to make inventory of the things that I own, and maybe put cameras or locks inside of things. When I come back home I need to check everything and see if you messed with any of my stuff, and make sure that you don't get into my room when I'm sleeping and all that poo poo.
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Jul 11, 2022 21:13
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Booyah- posted:today's completely incoherent attempt at explaining a crypto use case is worth watching I'm not trying to dunk on anyone, I want the technology of crypto to work so bad! Now, can anyone tell me a use case for it?
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Jul 11, 2022 21:16
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Booyah- posted:today's completely incoherent attempt at explaining a crypto use case is worth watching He can't talk about the actual main use case for legal reasons. Gambling is literally just the least objectionable one.
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Jul 11, 2022 21:23
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Paladinus posted:He can't talk about the actual main use case for legal reasons. Gambling is literally just the least objectionable one. One would think that the currency of the future and the next great tech innovation would have use cases that arent just child porn, drugs and hitmen
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Jul 11, 2022 21:31
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Every book on Bitcoin parrots the same "money is just make-believe anyway so why not use these ledger tokens instead" premise without any follow-through or further justification. And then it's off to the speculation races.
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Jul 11, 2022 21:42
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notwithoutmyanus posted:
It's perfectly true, so long as you treat the not-a-legal-term there "customer cash" as meaning only holdings in USD at that time. Your cash held at MCB is FDIC insured for as long as it's at MCB. What they fail to say, just like they fail to say "the reason we have $630 million in claims against 3AC is because 3AC doesn't have $630 million to pay them," is that that protection lasts for fractions of a second. When Voyager is taking your cash to buy crypto, or giving you cash because you sold crypto, it has to keep that cash somewhere that's either going into or out of the crypto ecosystem, and than for that brief moment when that cash is still in Voyager's bank account at MCB after it's sent from your bank or before they send it to your bank, it's insured. Jean-Paul Shartre fucked around with this message at 21:45 on Jul 11, 2022 |
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Jul 11, 2022 21:43
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https://twitter.com/SilvermanJacob/status/1546428060014153730 lol at them framing it as a good thing.
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Jul 11, 2022 21:44
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graventy posted:https://twitter.com/SilvermanJacob/status/1546428060014153730 That picture of a 80 megawatt random number guessing factory is one of the most existentially horrifying things.... It's a loving giant datacenter that turns dinosaur goo into loving random numbers when you die of heat stroke remember that at least for a few years we had a LOT of random numbers being generated and then discarded.
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Jul 11, 2022 21:51
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graventy posted:https://twitter.com/SilvermanJacob/status/1546428060014153730 I too contribute power to Texas's grid, in the sense that I'm not currently drawing power from Texas's grid (since I wouldn't step foot in TX even if you offered to pay me) so I should be credited with creating the electricity that I didn't use but also didn't create.
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Jul 11, 2022 21:57
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graventy posted:https://twitter.com/SilvermanJacob/status/1546428060014153730 What insane logic are they using to claim that mining is contributing to the power grid?
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Jul 11, 2022 21:58
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There Bias Two posted:What insane logic are they using to claim that mining is contributing to the power grid? They voluntarily stopped draining it! See also: how I saved lives by not murdering people
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Jul 11, 2022 22:02
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There Bias Two posted:What insane logic are they using to claim that mining is contributing to the power grid? lol, i'll bet money that some idiot read about the regenerative braking feature on electric vehicles and thought, "hey, maybe we do that too in crypto, somehow."
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Jul 11, 2022 22:07
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In so far as there would be reasoning, it would probably go something like "Bitcoin mining produced power demand, so the market created more infrastructure to meet that demand, so now by virtuously stopping our mining, that capacity can help people!" As opposed to another framing, equally accurate, which would be "Bitcoin miners parasitically absorb inexpensive power, making it scarcer for the average person even if more is produced, while producing CO2 emissions and supported primarily by other grifters who find it politically congenial." But hey, the whole 'become Wealthy by Owning Thing that Does Work' idea -- it's part of the founding idea of Texas!
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Jul 11, 2022 22:08
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And like, the thing is that this power is completely useless - it produces no value, other than facilitating the transfer of grift money into the pockets of the miners. If this was like Texas aluminum mills or something and they were posting this, then yes they would be doing a small good thing worthy of a polite clapping of hands even if the motive was in part crashing aluminum prices, or something.
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Jul 11, 2022 22:10
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Booyah- posted:today's completely incoherent attempt at explaining a crypto use case is worth watching PLEASE somebody make this technology work!! Won't someone come up with a useful idea for this amazing technology??? I love it so much
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Jul 11, 2022 22:11
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There Bias Two posted:What insane logic are they using to claim that mining is contributing to the power grid? they paid power plants a lot of money, so those power plants were incentived to expand! the same market incentives that, supposedly, encourage texas power plants to winterize their plants
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Jul 11, 2022 22:12
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Salt Fish posted:That picture of a 80 megawatt random number guessing factory is one of the most existentially horrifying things.... It's a loving giant datacenter that turns dinosaur goo into loving random numbers I used to have this weird worry about code I'd written being too inefficient and thereby using more electricity. Like one of those things where a bunch of tiny wrong decisions lead up to much bigger problems. It was one of the reasons I really liked to think about every thing I wrote because I figured I'd just be the kind of person I'd want others to be in that case. Turns out the others were writing literal numbers guessing machines to burn down the world.
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Jul 11, 2022 22:14
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It's not as if there are literally millions of people who need electricity to live or anything and presumably would be willing to pay for that. Good thing that in all of Texas only buttcoin miners have figured out how to stimulate demand for this otherwise worthless commodity.
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Jul 11, 2022 22:18
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tango alpha delta posted:lol, i'll bet money that some idiot read about the regenerative braking feature on electric vehicles and thought, "hey, maybe we do that too in crypto, somehow." Degenerative breaking (of the power grid.)
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Jul 11, 2022 22:18
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gently caress SNEEP posted:PLEASE somebody make this technology work!! Won't someone come up with a useful idea for this amazing technology??? I love it so much lmao at anyone who doesn't think it's been working and working as intended for the last 10+ years
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Jul 11, 2022 22:23
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There Bias Two posted:What insane logic are they using to claim that mining is contributing to the power grid? They are also probably paying market rates for their electricity, and making a virtue of not mining bitcoin on peak electricity demand days when it isn't profitable for them.
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Jul 11, 2022 22:30
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wilderthanmild posted:I used to have this weird worry about code I'd written being too inefficient and thereby using more electricity. Like one of those things where a bunch of tiny wrong decisions lead up to much bigger problems. It was one of the reasons I really liked to think about every thing I wrote because I figured I'd just be the kind of person I'd want others to be in that case. Lamps in video games use real electricity.
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Jul 11, 2022 22:41
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Salt Fish posted:Lamps in video games use real electricity. Only using LED bulbs in my house in The Sims 3
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Jul 11, 2022 22:58
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Salt Fish posted:Lamps in video games use real electricity.
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Jul 11, 2022 23:08
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