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the better troll would have been to have left this account with that first post but seraph can't help himself
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Jul 22, 2022 17:14
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I'm an eco warrior because I love destroying the environment, namaste
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Jul 22, 2022 17:14
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Eco Warrior Seraph posted:gently caress, I didn't know that. Well, I guess if gamers have to go without new graphics cards it's worth Ukraine not having that 60 million USD in bitcoin aid, right? https://scameconomy.com/e/1n2k3118-7-the-crypto-grift-descends-on-ukraine 
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Jul 22, 2022 17:19
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Strong Sauce posted:the better troll would have been to have left this account with that first post but seraph can't help himself it's just too much fun. it really is. I'm giggling myself silly, so I would say I AM in touch with myself here. Namaste.
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Jul 22, 2022 17:21
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It's fine, Ukraine was just going to use up all of its sovereignty in some hairbrained scheme anyway so it's really no difference if Russia invades and takes over. It's geopolitics that's the problem.
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Jul 22, 2022 17:22
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Strong Sauce posted:the better troll would have been to have left this account with that first post but seraph can't help himself Same attention-seeking, validation-and-acceptance-craving, but is-driven-by-superiority-complex-to-post-like-an-rear end in a top hat bullshit as always. Also just loving lol at the ignorance and privilege of "Mexican ecovillage". Yeah, let's go glamping forever with our burner friends in a pretty place where some poor people used to live, but, you know, they weren't really seeing its potential. Ban the pedo.
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Jul 22, 2022 17:22
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mdxi posted:Same attention-seeking, validation-and-acceptance-craving, but is-driven-by-superiority-complex-to-post-like-an-rear end in a top hat bullshit as always. Just kidding no one lived there it was a jungle that would have been clear cut for lumber. Namaste
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Jul 22, 2022 17:24
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"I have inner peace, see you later suckers!" (every five seconds) "Nah, I'mma stay"
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Jul 22, 2022 17:26
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Serious_Cyclone posted:"I have inner peace, see you later suckers!" lmao <3 posts like this are why i can't resist coming back here every so often. You fuckers are almost as good at trolling as me.
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Jul 22, 2022 17:26
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Yes hi hello we know Seraph is back I'm waiting for thank you
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Jul 22, 2022 17:27
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hi seraph, bye seraph  see ya next time
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Jul 22, 2022 17:29
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I would also like to point out that GBS had a two hitter yesterday in terms of reports and now you have to come in and be a poo poo seraph so good riddance!!
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Jul 22, 2022 17:30
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He did it, he found inner peace
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Jul 22, 2022 17:31
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That was a whirlwind! I think that was my first seraph exposure.
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Jul 22, 2022 17:31
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Hey apes, take number and shove it up your buttcoin.
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Jul 22, 2022 17:31
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https://twitter.com/web3isgreat/status/1550148969350717449
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Jul 22, 2022 17:32
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Eco Warrior Seraph posted:Capitalism is the problem, we can't solve a global systemic problem by targeting one or another reasons we're making GBS threads where we eat. Bitcoin is literally the epitome of destructive capitalism as hyper libertarianism and an attempt at redoing the gold standard (limited quantity), a speedrun on blowing up the global financial system and the planet in the process. It's a less regulated vehicle (because it's stupid) designed to take money from the lower and middle class, designed that if it becomes our currency would plunge the entire world into increasing levels of poverty as the price rises. It is explicit class warfare on a country level. Our financial system has issues but not as much as Bitcoin. The only thing it supports is making people poorer and burning up energy and our climate. Like let's say Bitcoin is someday worth $1b and everyone who has them is fabulously rich? What happens to the other 99% of the world who doesn't have them, which would convert over time as people are literally born without Bitcoin? (remember they get increasingly concentrated over time). Slavery levels of poverty, because now you also have to have money to get money because transactions are not free. Now you need some amount of Bitcoin to get Bitcoin. Great system. It's a speculative asset, it is not the future and is not made to be.
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Jul 22, 2022 17:32
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notwithoutmyanus posted:What happens to the other 99% of the world who doesn't have them, which would convert over time as people are literally born without Bitcoin? (remember they get increasingly concentrated over time). Slavery levels of poverty, because now you also have to have money to get money because transactions are not free. Now you need some amount of Bitcoin to get Bitcoin. Great system.
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Jul 22, 2022 17:35
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notwithoutmyanus posted:What happens to the other 99% of the world who doesn't have them, which would convert over time as people are literally born without Bitcoin? Clearly what would happen is that there would be 8 billion lambos that everyone would drive for leisure. We would have 100% unemployment because everyone is so rich, and all houses would be hundred acre mansions. It would be a utopia!!
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Jul 22, 2022 17:36
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Ghost Leviathan posted:I know this archetype. True or false, it's the same narcissistic archetype trying to find the right combination of buzzwords to attract approval. That's it. Some clear remaining belief in crypto remains, because narcissists may not be able to believe in humans but they sure can believe in fairy farts. he would prob be a better sociopath if his narcissism didn't get in the way.
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Jul 22, 2022 17:37
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Oh ok then
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Jul 22, 2022 17:40
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Aw shucks I saw the post count go up and thought there was a big dip
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Jul 22, 2022 17:40
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nope, just another round of "scroll past a few pages until the mods catch up"
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Jul 22, 2022 17:41
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well that was fun, let's not do that againmdxi posted:Also just loving lol at the ignorance and privilege of "Mexican ecovillage". Yeah, let's go glamping forever with our burner friends in a pretty place where some poor people used to live, but, you know, they weren't really seeing its potential. i got  says the only bit of that story that might not be utter bullshit is "I left NYC". There is approximately zero chance that the deranged poster known as seraph 1) ever had that much in crypto in the first place, 2) managed to time the top (or close enough) of the market and cash out to 3) buy a new home, and 4) get qualified for a mortgage on 5) a winter condo in Mexico, which he shares with 6) MYYYY WIIIIFE. just absolute horseshit top to bottom right from the beginning, same as alwaysanyway, the one CFTC commissioner who really loves shitcoins is pissed at the SEC for (correctly) trying to put some shitcoins under their purview, because she would prefer that they (incorrectly) remain under her purview, where she could continue to do nothing about them https://twitter.com/leereiners/status/1550164974433193988
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Jul 22, 2022 17:42
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Salt Fish posted:Clearly what would happen is that there would be 8 billion lambos that everyone would drive for leisure. We would have 100% unemployment because everyone is so rich, and all houses would be hundred acre mansions. It would be a utopia!! I think they tried that with Crypto Land. They even made not-so-subtle nods to the Libertarian dream of lowering the age of consent to a level at or beneath "mental maturity".
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Jul 22, 2022 17:44
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Blotto_Otter posted:just absolute horseshit top to bottom right from the beginning, same as always You can always tell who hit it rich by the fact that they feel the need to assault a message board until they get banned again, instead of being out living life like a rich person.
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Jul 22, 2022 17:45
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Serious_Cyclone posted:I think they tried that with Crypto Land. They even made not-so-subtle nods to the Libertarian dream of lowering the age of consent to a level at or beneath "mental maturity". a crypto classic right up there with brazil.txt https://twitter.com/widesauce/status/1478816782966136832
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Jul 22, 2022 17:54
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Blotto_Otter posted:anyway, the one CFTC commissioner who really loves shitcoins is pissed at the SEC for (correctly) trying to put some shitcoins under their purview, because she would prefer that they (incorrectly) remain under her purview, where she could continue to do nothing about them For those not in the know, this is part of the regulatory war between the SEC and the CFTC over who has jurisdiction of crypto. If the CFTC has their way, crypto would probably be mostly unregulated, and if the SEC has their way, it's gonna be full crackdown For a regulatory battle it's actually kind of bloody!
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Jul 22, 2022 17:56
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i sure hope they don't stifle any innovation 
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Jul 22, 2022 17:57
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Speaking of the GME stock and it's split, is there a thread for that?
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Jul 22, 2022 17:58
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Deptfordx posted:Speaking of the GME stock and it's split, is there a thread for that? There was a GME stock thread like a year and a half ago back when that bubble happened but there’s not much interesting going on there.
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Jul 22, 2022 18:05
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The thing is that when you trade bitcoin or ethereum, they're not securities, because you're trading the thing per se and they represent nothing except its own value. But that doesn't make them commodities either, per the definitions in 7 USC § 1(a), at least when traded directly for USD and back. (Were these contracts to settle at a future date, e.g., futures and options, then that'd be a different story, because the CFTCs remit includes derivatives.) So there's a real legal gray zone here; the closest analogy would be forex markets, but the gambling side is done as derivatives which falls strictly in CFTC's turf; offhand I don't know who would regulate spot-market exchanges, except maybe general banking regulations.
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Jul 22, 2022 18:13
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Eco Warrior Seraph posted:
being in crypto is being a big, big part of the problem
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Jul 22, 2022 18:16
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Deptfordx posted:Speaking of the GME stock and it's split, is there a thread for that? Split took effect today and the price promptly dumped 8% (on a split adjusted basis). Predictably, the stonker narrative is that this was due to some conspiracy or something
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Jul 22, 2022 18:27
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kw0134 posted:The thing is that when you trade bitcoin or ethereum, they're not securities, because you're trading the thing per se and they represent nothing except its own value. But that doesn't make them commodities either, per the definitions in 7 USC § 1(a), at least when traded directly for USD and back. (Were these contracts to settle at a future date, e.g., futures and options, then that'd be a different story, because the CFTCs remit includes derivatives.) So there's a real legal gray zone here; the closest analogy would be forex markets, but the gambling side is done as derivatives which falls strictly in CFTC's turf; offhand I don't know who would regulate spot-market exchanges, except maybe general banking regulations. sure, but bitcoin and ethereum are not currently the battleground in the turf war; the SEC is specifically going after 9 other cryptos that have been held out by their creators as representing something other than just the coin/token's own intrinsic value: https://twitter.com/tier10k/status/1550148619453562885 the SEC isn't reaching into the gray zone that btc and eth are in, they're looking at all the other shitcoins that actually do resemble securities, and finally making that explicit after ducking the issue for far too long. (and this CFTC commissioner is just engaging in a lot of bad-faith whining because she's a crypto fan.)
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Jul 22, 2022 18:31
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Eco Warrior Seraph posted:Video game graphics cards for rich white kids that burn the electricity of a microwave so they can scream slurs down their mics while owning other kids at call of duty, but no one here sees any problem with that. I always see this argument presented as basically games are a waste of resources and electricity in comparison to noble number guessing. Just the lovely argument that graphics cards are for "rich white kids" is extremely stupid, because people around the world who play games have either had to pay 3X++ the cost for upgrading due to crypto miners driving up the price, or sit back and wait (for years now) for the prices and supply to return. It's also a dumb argument because even avid gamers don't have their GPUs running at turbo speed 24/7 like a mining rig. I think that pairs with the new branding of mining as being a net positive for the world because electricity doesn't get wasted or something dumb like that. Also, quote:It's all toxic, through and through. It's not just bitcoin.
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Jul 22, 2022 18:33
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kw0134 posted:The thing is that when you trade bitcoin or ethereum, they're not securities, because you're trading the thing per se and they represent nothing except its own value. But that doesn't make them commodities either, per the definitions in 7 USC § 1(a), at least when traded directly for USD and back. (Were these contracts to settle at a future date, e.g., futures and options, then that'd be a different story, because the CFTCs remit includes derivatives.) So there's a real legal gray zone here; the closest analogy would be forex markets, but the gambling side is done as derivatives which falls strictly in CFTC's turf; offhand I don't know who would regulate spot-market exchanges, except maybe general banking regulations. So I read 7 USC section 1(a) and I didn’t realize that commodities by definition were goods with a futures market. I always felt Bitcoin operated most similarly to a commodity since it’s a fungible easily exchanged and directly sold item without added brand value. It’s not a security, as it’s not associated with an underlying value generating enterprise, and it’s not a currency as evidenced by its entire history of use. But there’s no Bitcoin futures market, so I guess it’s not a commodity by definition. Weird.
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Jul 22, 2022 18:33
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APES STROMG TOGETHER https://www.reddit.com/r/Superstonk/comments/w57cui/the_time_has_come_once_again/  To prevent the price of their meme stock from falling even further, the apes are doing mass buys to artificially postpone its inevitable collapse. quote:This is my second time. I still regret not buying more back then... but I don't regret the tempering of my hand into the hardest of diamond 
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Jul 22, 2022 18:47
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Blotto_Otter posted:sure, but bitcoin and ethereum are not currently the battleground in the turf war; the SEC is specifically going after 9 other cryptos that have been held out by their creators as representing something other than just the coin/token's own intrinsic value:
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Jul 22, 2022 19:02
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Cantorsdust posted:So I read 7 USC section 1(a) and I didn’t realize that commodities by definition were goods with a futures market. I always felt Bitcoin operated most similarly to a commodity since it’s a fungible easily exchanged and directly sold item without added brand value. It’s not a security, as it’s not associated with an underlying value generating enterprise, and it’s not a currency as evidenced by its entire history of use. But there’s no Bitcoin futures market, so I guess it’s not a commodity by definition. Weird. CME runs a bitcoin futures market: https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.quotes.html
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Jul 22, 2022 19:09
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