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VitalSigns
Sep 3, 2011

Bobstar posted:

[star wars meme] And then they'll withdraw it and spend it on actual things, right?


Right?

And miss out on all the gains as it goes to a million?

Beta paperhands mentality

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HootTheOwl
May 13, 2012

Hootin and shootin
I suffered an advertisement for NFTs on NPR yesterday and now you can too!
https://freakonomics.com/podcast/are-n-f-t-s-all-scams/#comments
Listening to these know-nothings hype the future of NFTs is so aggrivating.
I'm broke brained so yelling at the radio gives me something to do while I drive my dog to and fro the park.

Re: NFTs as tickets you can't sell:
No this doesn't work because scalpers will make wallets ad hoc and then sell access to the wallet which contains only the ticket to the Springsteen Concert.
No this doesn't work because you still have the concert venue verifying the tickets. I can still sell a fraud ticket and you woudln't know until after you bought it.

Bobstar
Feb 8, 2006

KartooshFace, you are not responding efficiently!

HootTheOwl
May 13, 2012

Hootin and shootin

PITY BONER posted:

https://twitter.com/MScDigital/status/1461640393460699136

I just signed up for fall semester. I can't wait to get in on this brand-new field of blockchain technology. Imagine what people in the 80s would have thought if I told them about the blockchain? It's literally the future.
"Professor, why is your profile just a link to your CV and why is that just pages of empty tables?"
https://www.unic.ac.cy/wp-content/uploads/2021/05/VF01-Demetris-Tzovaras.pdf

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

HootTheOwl posted:

"Professor, why is your profile just a link to your CV and why is that just pages of empty tables?"
https://www.unic.ac.cy/wp-content/uploads/2021/05/VF01-Demetris-Tzovaras.pdf

LMAO, good catch. Sure they thought "why bother, noone is gonna check the link."

Star Man
Jun 1, 2008

There's a star maaaaaan
Over the rainbow

VitalSigns posted:

Beta paperhands mentality

How is it that I both understand that this is meant to be an insult and am still totally confused? It's like when some kid tries to make a comeback to his bully by trying to insult them, but it doesn't mean anything to anyone but the bullied kid.

TacticalHoodie
May 7, 2007

HootTheOwl posted:

I suffered an advertisement for NFTs on NPR yesterday and now you can too!
https://freakonomics.com/podcast/are-n-f-t-s-all-scams/#comments
Listening to these know-nothings hype the future of NFTs is so aggrivating.
I'm broke brained so yelling at the radio gives me something to do while I drive my dog to and fro the park.

Re: NFTs as tickets you can't sell:
No this doesn't work because scalpers will make wallets ad hoc and then sell access to the wallet which contains only the ticket to the Springsteen Concert.
No this doesn't work because you still have the concert venue verifying the tickets. I can still sell a fraud ticket and you woudln't know until after you bought it.

One of the podcasts I loved to listen to, Fraudsters, had a episode on NFTS where one of the hosts got rug pulled on a NFT and allow 2 crypto bros from his co-working space go on and on about it. The crypto bros were trying to sell the idea that NFTS can be used in maintaining a maintenance record of a vehicle between garages (Good luck with that), and once again, medical records. I know what the podcast were trying to do, but they should have a more objective guest to explain NFTs than two dudes in my co-working space who do their own crypto podcast come on to shill.

Space Fish
Oct 14, 2008

The original Big Tuna.


The Coinbase stories on here caused me to figure out that I can convert my remaining free shitcoins on there to one crypto and sell it all at once.

Captured some $6 of value, but that's $6 more than I'd have in a freeze or rugpull.

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver
lol saw a reply to the Coinbase news: "what if they know mass adoption is coming"

You can't help some people

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

TacticalHoodie posted:

One of the podcasts I loved to listen to, Fraudsters, had a episode on NFTS where one of the hosts got rug pulled on a NFT and allow 2 crypto bros from his co-working space go on and on about it. The crypto bros were trying to sell the idea that NFTS can be used in maintaining a maintenance record of a vehicle between garages (Good luck with that), and once again, medical records. I know what the podcast were trying to do, but they should have a more objective guest to explain NFTs than two dudes in my co-working space who do their own crypto podcast come on to shill.

I love podcasts about scams, thanks for the recommendation. I listen to one called Lie, Cheat and Steal and it's fun but not well researched, but worth a listen.

Cactrot
Jan 11, 2001

Go Go Cactus Galactus





HootTheOwl posted:

I suffered an advertisement for NFTs on NPR yesterday and now you can too!
https://freakonomics.com/podcast/are-n-f-t-s-all-scams/#comments
Listening to these know-nothings hype the future of NFTs is so aggrivating.
I'm broke brained so yelling at the radio gives me something to do while I drive my dog to and fro the park.

Re: NFTs as tickets you can't sell:
No this doesn't work because scalpers will make wallets ad hoc and then sell access to the wallet which contains only the ticket to the Springsteen Concert.
No this doesn't work because you still have the concert venue verifying the tickets. I can still sell a fraud ticket and you woudln't know until after you bought it.

I caught part of this in the car and the feigned wide-eyed naiveté of all of the interviewers was enraging. They start with the premise that NFTs can be and often are scams, pays lip service to there being some, then closes with the same "remember when people said the internet was a fad? People are saying the same about NFTs, you don't wanna be that guy, do you?" fomo bullshit.

PhazonLink
Jul 17, 2010
The Miami mayor said that bit about the internet was a fad. He sounds like a massive dumb tool.

I like how dumb people going "well people thought the internet was a fad" think THE INTERNET came into existence in the 90s and didnt exist before then. Govs and their other stuff, colleges and uni's, and businesses all used a network of networks for decades as just another form telecom. aka just another utility that has some sort of base fundamental use.

The two other things I remember listening from it was the dumb guy saying "NFT can fix the problem with ticket sells being bought by bot networks and scalpers/flippers, and counterfeits", and the dumb artist guy at the end that makes an nft thing called rocket or something.

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver

PhazonLink posted:

I like how dumb people going "well people thought the internet was a fad" think THE INTERNET came into existence in the 90s and didnt exist before then. Govs and their other stuff, colleges and uni's, and businesses all used a network of networks for decades as just another form telecom. aka just another utility that has some sort of base fundamental use.

And when it was opened to the public, there was an intentional effort in NOT immediately monetizing and gatekeeping access and every tiny bit of it, because it was recognized that that would be detrimental to its adoption. When cryptobros point to the internet as an analogy to their derpcoin, it's just another crypto self-own.

Nessus
Dec 22, 2003

After a Speaker vote, you may be entitled to a valuable coupon or voucher!



Serious_Cyclone posted:

And when it was opened to the public, there was an intentional effort in NOT immediately monetizing and gatekeeping access and every tiny bit of it, because it was recognized that that would be detrimental to its adoption. When cryptobros point to the internet as an analogy to their derpcoin, it's just another crypto self-own.
Clearly an error of vision, think of how big the gains from ARPAcoin could have been!

What do you mean things have a purpose other than making my number go up?

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day
Really can't trust anything that doesn't make number go up. Don't care how "useful" it is.

OzyMandrill
Aug 12, 2013

Look upon my words
and despair

notwithoutmyanus posted:

Eh this one does very much mean we go up for a while

Why is the 200-week average something fundamental?
Why not the 420th? Or the 69th? (which it flew through a while ago)
Is this something to do with the decimal system?

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver

OzyMandrill posted:

Why is the 200-week average something fundamental?

It's borrowed entirely from stock market analysis, where a 200-week moving average has been used to spot trends. It makes very little sense to apply the same metric to the derpcoin market where volatility is multiple times that of a stock market index, but they are latching onto every bit of numerology they can find to justify themselves to the people filling the next level of the buy-in pyramid.

notwithoutmyanus
Mar 17, 2009

ikanreed posted:

It does not mean that.


There are no fundamentals to return to.

I never said there are fundamentals. This poo poo is a goddamn ponzi, what kind of fundamentals exist other than bigger fool theory (as a distinct lack of them)? People are celebrating parts of Africa taking in some bitcoin as a reserve currency and forgot what happens historically when a reserve currency is something of a limited supply (IE: gold). I believe this broke the financial system once already, and so we're speedrunning this poo poo into the ground.

OzyMandrill posted:

Why is the 200-week average something fundamental?
Why not the 420th? Or the 69th? (which it flew through a while ago)
Is this something to do with the decimal system?

Because people are stupid and a bunch of people have decided they will look at the 200 week average and go "ohhhhh, yeah, that thing!" That's all it is. It's like "We all have different shades of blue, but everyone tends to agree the most to this shade of blue". That's 100% of technical indicators in the first place. It's a bunch of spaghetti thrown at the wall and a few things people agree on are that when there's enough spaghetti on the wall, they agree there's spaghetti on the wall.

It's something to do with people's brains doing fuzzly logic.

TacticalHoodie
May 7, 2007

I started to call everything I drink Slurp Juice because I think it sound funny. It's a more practical application than actual Slurp Juice.

Salt Fish
Sep 11, 2003

Cybernetic Crumb
https://twitter.com/web3isgreat/status/1548747653529436161

Time_pants
Jun 25, 2012

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

Noob Saibot posted:

Crypto and nft apes is what bronies got into after outgrowing my little pony

My Little Ponzi

PhazonLink
Jul 17, 2010
why say 200 weeks instead of 4 years?

Nessus
Dec 22, 2003

After a Speaker vote, you may be entitled to a valuable coupon or voucher!



TacticalHoodie posted:

I started to call everything I drink Slurp Juice because I think it sound funny. It's a more practical application than actual Slurp Juice.
How many apes have you minted?

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost

PhazonLink posted:

why say 200 weeks instead of 4 years?

number go up

PhazonLink
Jul 17, 2010
okay.


so there's 31 557 600 seconds, about 32 Megaseconds in a year, 32 Ms. also converting that to nano seconds. 32 000 000 000 000 000 nano seconds in a year.

They want four years, so it should be 128 000 000 000 000 000 nano seconds analysis.

edit for corrections i think? metric prefixes are fun and easy.

PhazonLink fucked around with this message at 17:19 on Jul 18, 2022

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
how do i subscribe to your newsletter?

WithoutTheFezOn
Aug 28, 2005
Oh no

Serious_Cyclone posted:

It's borrowed entirely from stock market analysis, where a 200-week moving average has been used to spot trends.
Are you sure about that? I’m not Stocky McInvestor but I’ve only ever heard of 200-day moving averages.

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver

WithoutTheFezOn posted:

Are you sure about that? I’m not Stocky McInvestor but I’ve only ever heard of 200-day moving averages.

I think 200 day is much more common, but I've seen references to 200 week averages for S&P. I'm not a stock guy so I don't know the level of adoption 200 week averages with indexes, just that it appears to be non-zero.

WorldIndustries
Dec 21, 2004

notwithoutmyanus posted:

Eh this one does very much mean we go up for a while - but the buttcoins are not out of the woods that fast. That's something to easily take a month to identify. This is more likely a buy signal for bots than anything.

wasn't your last prediction based on TA that we were headed for 14,000 btc?

Manzoon
Oct 12, 2005

ALPHASTRIKE!!!

Cactrot posted:

I caught part of this in the car and the feigned wide-eyed naiveté of all of the interviewers was enraging. They start with the premise that NFTs can be and often are scams, pays lip service to there being some, then closes with the same "remember when people said the internet was a fad? People are saying the same about NFTs, you don't wanna be that guy, do you?" fomo bullshit.

I love this dumb poo poo because the internet loving exploded in popularity. I don't think anyone at all that I knew ever said it was "just a fad" back in the early AOL days.

Bitcoin has existed for over 10 years and the best use cases all involve FBI watch lists.

Stex T
Mar 7, 2005

Shut the fuck up and get out. Have fun being a slave of the rich and powerful.

Cactrot posted:

I caught part of this in the car and the feigned wide-eyed naiveté of all of the interviewers was enraging. They start with the premise that NFTs can be and often are scams, pays lip service to there being some, then closes with the same "remember when people said the internet was a fad? People are saying the same about NFTs, you don't wanna be that guy, do you?" fomo bullshit.

They also called JNCOs and Eiffel 65 a fad, and they were right.

Spatial
Nov 15, 2007

Serious_Cyclone posted:

lol saw a reply to the Coinbase news: "what if they know mass adoption is coming"

You can't help some people
Oh it is. Mass adoption of the bag lol

Zil
Jun 4, 2011

Satanically Summoned Citrus



That is a great way to start a bank run.

PhazonLink
Jul 17, 2010
I think the freakonomics episode also mentioned Sturgeon's law, or at least mentioned how 90% of everything is crap, but We're not the crap and infact the 10%.

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver

Zil posted:

That is a great way to start a bank run.

BTC was up by over 6% today, so maybe it sparks a run to the bank to make deposits

Foo Diddley
Oct 29, 2011

cat

Time_pants posted:

My Little Ponzi

my little ponzi
i used to wonder about insolvency
my little ponzi
until you pulled the rug out from me

Random Stranger
Nov 27, 2009





Finally, the NFT use case we've been waiting for.

PITY BONER
Oct 18, 2021

coolusername posted:

Coinbase accounts are down due to ‘technical difficulties.’ :sickos:
LOL

quote:

We know this is not the ideal experience and we totally recognize how important this is.
"Yeah, we're a multi-billion dollar company, but we hire summer interns to write our damage control PR to save money."

quote:

We may not be able to provide timely updates via email. While we do not have an estimated time to resolution, we recommend periodically checking your account to see if the issue has been resolved.
Imagine being a Celsius hodler and then reading this message for your Coinbase account, which sounds very similar to the one Celsius sent in the beginning when they decided to start the customer ghosting process.

HootTheOwl posted:

"Professor, why is your profile just a link to your CV and why is that just pages of empty tables?"
https://www.unic.ac.cy/wp-content/uploads/2021/05/VF01-Demetris-Tzovaras.pdf
"Please list your research projects"
*Shrugs shoulders*
"Academic consulting?"
*Shrugs*
"Awards or recognition? Any achievements you'd like to talk about? Anything?"
*Very long, slow fart eeks out* *Wipes brow with bottom of polo shirt*

Manzoon posted:

I love this dumb poo poo because the internet loving exploded in popularity. I don't think anyone at all that I knew ever said it was "just a fad" back in the early AOL days.
I highly doubt the dudes quoted in the interview were older than middle school-aged on their first encounter with the internet. They may not even have been out of diapers at that point, judging by how many <30s are true believers. They're inventing a false narrative to help hype their scam projects.

In my internet reminiscing timeline: Where I lived, we started using computers in second grade (1990-91, I think), and by fourth and fifth grade most of my classmates had tried some form of internet in school. By sixth grade, we were exploring it in computer/typing class, my mom signed up for service at home and started emailing people, and I was using it to look up photos of action figures and find video game cheats ('94-'95). With every passing year from that point, computers and the internet became more and more important in school work, even though most kids only had access to either tools while physically in the school. By 1997, I had a huge collection of SNES roms to play, porn was everywhere and easy to find, practically everyone had a lovely personal website and used ICQ/AIM, and I had an internet girlfriend I had met in a teens chatroom and we chatted every day and I emotionally supported her when her parents decided to get divorced. The internet was loving amazing.

fullroundaction
Apr 20, 2007

Drink beer every day

Spatial posted:

Oh it is. Mass adoption of the bag lol

lol

Has there been any other scary coinbase news? I know my mom has some money tied up in there (she’s a Q-anon weirdo) and I’ve been telling her to get out while she can but I know this affiliate program thing won’t bother her.

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happyhippy
Feb 21, 2005

Playing games, watching movies, owning goons. 'sup
Pillbug

PITY BONER posted:

https://twitter.com/MScDigital/status/1461640393460699136

I just signed up for fall semester. I can't wait to get in on this brand-new field of blockchain technology. Imagine what people in the 80s would have thought if I told them about the blockchain? It's literally the future.

Year 1
Module 1 - Who is Elon Musk?
Module 2 - Buying your first crypto coin.
Module 3 - To the Moon theory and practice.
Module 4 - How to handle loss and which next coin to invest in.

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