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fullroundaction posted:Even in a perfect scenario where all of this technology makes sense and there’s massive global adoption, why would anyone want a public ledger of all of their transactions? Like, if you somehow don’t care about the horrific universal privacy concerns and are just thinking about yourself, do you really want a timestamped permanent record of you buying poo poo at the weed store while you were on the clock at work or whatever? not to mention the fact that most businesses don't want their books to be accessable to all of their competitors
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# ? Jul 26, 2022 04:27 |
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# ? May 30, 2024 13:33 |
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Foo Diddley posted:not to mention the fact that most businesses don't want their books to be accessable to all of their competitors Good point that’s its own nightmare I hadn’t thought about either
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# ? Jul 26, 2022 04:39 |
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notwithoutmyanus posted:
Bitcoin actually involves one of those five things.
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# ? Jul 26, 2022 04:46 |
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fullroundaction posted:Good point that’s its own nightmare I hadn’t thought about either Imagine if one company's security being compromised immediately and irrevocably revealed every transaction of every customer they'd ever had. Now combine that with a world where abortion is illegal.
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# ? Jul 26, 2022 04:56 |
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Imagine spending five years in jail and the whole time you're in there you're thinking about how to rekindle your twitter and reddit clout points. And gamble.
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# ? Jul 26, 2022 05:11 |
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Rad Russian posted:If you think that's stupid, there are already $hundreds of millions involved in multiple ventures trying to put people's house ownership onto a blockchain. "Whoops while you were sleeping the blockchain got hacked so you're homeless now, tough luck. You have 3 days notice to vacate the premises, because SlutApe775 owns this property now according to his bithouse wallet". theres a nonzero chance theyll die alone after getting hit by a car in a hotel room covered in birdshit so theyll probably end up like Tesla
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# ? Jul 26, 2022 05:18 |
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ikanreed posted:Bitcoin actually involves one of those five things. Don't forget what's missing: pragmatism and ethics
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# ? Jul 26, 2022 05:22 |
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The Wolf of Wall Street has been invoked in this thread about a million times. Tonight prime video was like "hey, that movie is available now. wanna watch it?" so I was like "sure". It was like having the past two years of this thread condensed into three hours, but with all the inlined crypto-brainworms tweets replaced by snappy dialogue. The first 30 minutes of that movie are literally the playbook for every one of these scams. The rest of it is how every cryptobro imagines themselves, until the last 45 minutes which is the part that their Dunning-Kreuger assures them will never happen because they're far too smart for that. I know I'm the last person in the thread to see this movie and realize all this, but it was so transparent that I had to come post this anyway. Also, Joanna Lumley was a delight. Should have been more of her in the movie.
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# ? Jul 26, 2022 06:47 |
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drk posted:Well folks, time to close the thread. There's not one, but thirty five very good web3 ideas here (copied for your reading pleasure from twitter) so we’ve got a. a contract b. a database c. money hell yeah i’m in
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# ? Jul 26, 2022 07:04 |
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I missed my chance to BUY THE DIP
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# ? Jul 26, 2022 07:39 |
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mdxi posted:The Wolf of Wall Street has been invoked in this thread about a million times. Tonight prime video was like "hey, that movie is available now. wanna watch it?" so I was like "sure". Don't worry I've never seen that movie either
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# ? Jul 26, 2022 08:56 |
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Jordan Belfort (the real life guy, not the character played by Leonardo DiCaprio) was heavily against cryptocurrency and then uhh later "changed his mind" about bitcoin and other cryptocurrencies when the price went crazy. he also promised to pay the restitution he owed with the proceeds of the book and movie deal but he only paid back like ~$20000 vs the 1million+ he got from his books and the rights to the movie.
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# ? Jul 26, 2022 09:08 |
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I just read that some moron is trying to get a city council in Wales to pay for a search through >110,000 tons of garbage at the dump to find his hard drive full of nearly 200 million dollars of bitcoin and they are telling him to gently caress off. lol Currency of the future
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# ? Jul 26, 2022 10:20 |
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I don't think i've ever laughed as hard as anything as that "quaaludes kicking in" scene. https://www.youtube.com/watch?v=aicfFxaYVyM I would blow Dane Cook fucked around with this message at 11:42 on Jul 26, 2022 |
# ? Jul 26, 2022 11:39 |
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Astrochicken posted:I did my own research.. Well you have to admit it sounds better than 'I ignored all expert advice and sought out YouTube videos that told me what I wanted to hear'
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# ? Jul 26, 2022 13:08 |
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Tunicate posted:I missed my chance to BUY THE DIP No you didn't, the promotion just started
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# ? Jul 26, 2022 14:29 |
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LifeSunDeath posted:No you didn't, the promotion just started You still shouldn't, because when you dip I dip we dip.
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# ? Jul 26, 2022 14:47 |
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Pretty sure Costco already has a sellable secondary-market temporary membership system, it's called a Costco gift card.
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# ? Jul 26, 2022 14:48 |
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Agents are GO! posted:You still shouldn't, because when you dip I dip we dip.
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# ? Jul 26, 2022 14:48 |
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https://twitter.com/wealth/status/1551918402633097216 I probably shouldn't get my hopes up, but it sounds like there's other signs the SEC is thinking about maybe actually doing its job vis a vis Coinbase. Apparently there's a separate investigation unrelated to that insider trading test case, in which they're kicking around some of Coinbase's own products (including their stablecoin) as well as tokens listed on their exchange. Bloomberg News posted:Coinbase Faces SEC Probe on Crypto Listings; Shares Tumble (as of this post, COIN is down $8, or 12%, today.)
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# ? Jul 26, 2022 15:11 |
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Strong Sauce posted:Jordan Belfort (the real life guy, not the character played by Leonardo DiCaprio) was heavily against cryptocurrency and then uhh later "changed his mind" about bitcoin and other cryptocurrencies when the price went crazy. he also promised to pay the restitution he owed with the proceeds of the book and movie deal but he only paid back like ~$20000 vs the 1million+ he got from his books and the rights to the movie. Also the movie got funded with money stolen from a Malaysian economic development fund. Every aspect of that story is fraud and crimes. istewart posted:It’s so hilarious that the ridiculous ”rent out your Costco membership” example keeps coming up. These people are touting revolution, but their thinking is so mired in consumer capitalism that the best they can come up with is ideas for realizing surplus value from consumption. It's the fundamental problem of Web3. The whole thing is supposed to be a rejection of the centralization of the internet into a few moderated platforms, but all it does is monetize every interaction in ways we don't want or need. In the end the beneficiary is the...centralized platform this whole thing is supposed to be in opposition to as the system needs a blockchain and some form of exchange for whichever stupid token or chip or coin they want to use as the means to monetize things.
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# ? Jul 26, 2022 15:26 |
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With how Bitcion goes that news is gonna somehow stabilize the price
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# ? Jul 26, 2022 15:26 |
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docs.audius.org posted:all the content, information and data on Audius is stored and indexed by a growing network of third-party node operators, rather than by the Audius team.
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# ? Jul 26, 2022 15:39 |
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Ah, if I presume every artist in the world joins this and every music listener in the world uses it, then my smart contracts work great to distribute payouts. Much better than the current system of laws written by representative democratic institutions, blech.
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# ? Jul 26, 2022 15:45 |
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Serious_Cyclone posted:Pretty sure Costco already has a sellable secondary-market temporary membership system, it's called a Costco gift card. How do I make money when my family buys a CostCo gift card. And hey check this out: if someone steals your wallet they can spend all the funds in your gift card, nothing you can do. But if your ownership is recorded on the blockchain, can't steal that!
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# ? Jul 26, 2022 15:46 |
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https://twitter.com/Carnage4Life/status/1551905720022343682
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# ? Jul 26, 2022 15:53 |
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The whole jewelry on the blockchain thing still breaks my brain completely. A big poing of jewelry was some bloviating nonsense about "oh, look at this 20 carat diamond embedded in a solid Egyptian gold ring, it's worth 20 bajillion dollars" with one major difference: in the end you at least had a loving ring to put on your finger. Both markets don't really make sense so they have that in common i guess.
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# ? Jul 26, 2022 15:55 |
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VitalSigns posted:How do I make money when my family buys a CostCo gift card. You're looking for the CostCo Grift card.
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# ? Jul 26, 2022 16:00 |
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VitalSigns posted:How do I make money when my family buys a CostCo gift card. lol I googled it and it looks like people sell gift cards with a $0 balance on ebay for the 1-time warehouse access. So even in the extreme case where someone just HAS to turn it into a secondary market, it already exists.
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# ? Jul 26, 2022 16:20 |
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Cum, but on the block chain. I'm into griftdom, and blockchain denial.
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# ? Jul 26, 2022 16:36 |
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Monetize your jizz with JizzWorld NFTs. Rent out your jizz to your friends and neighbors and cash in on all the jizz income you never knew you had.
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# ? Jul 26, 2022 16:41 |
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fullroundaction posted:Even in a perfect scenario where all of this technology makes sense and there’s massive global adoption, why would anyone want a public ledger of all of their transactions? Like, if you somehow don’t care about the horrific universal privacy concerns and are just thinking about yourself, do you really want a timestamped permanent record of you buying poo poo at the weed store while you were on the clock at work or whatever? I don't know, I still find it weird that people treat Venmo like a social network and make sure everyone knows that they paid their friend back for that pizza the other day
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# ? Jul 26, 2022 16:53 |
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Today I'm scheming of ways to tokenize, gamify, and transactionalize my furniture. This loving bookshelf is just sitting here, holding books, and generating no wealth for me.
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# ? Jul 26, 2022 17:01 |
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SettingSun posted:Today I'm scheming of ways to tokenize, gamify, and transactionalize my furniture. This loving bookshelf is just sitting here, holding books, and generating no wealth for me. What about your chairs? Pay Per Seat. We're talking about it, you're thinking about it. Just sayin'.
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# ? Jul 26, 2022 17:02 |
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https://www.reddit.com/r/CoinBase/comments/w89s2g/accidentally_purchased_35000_worth_of_ethereum/quote:Accidentally purchased $35,000 worth of Ethereum. quote:They will lock your account soon as it bounces. Wow so much better than using a loving bank
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# ? Jul 26, 2022 17:18 |
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Code is law, but the code can't even check if you have the right balance before withdrawing.
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# ? Jul 26, 2022 17:23 |
HappyHippo posted:Wow so much better than using a loving bank God I love the future
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# ? Jul 26, 2022 17:28 |
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Rotten Red Rod posted:Lol now he's realized the questions are legitimate and is backpedaling hard Nothing says important financial discourse like the “Wave to say hi” discord alert with a cartoon dog mixed in Sup?
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# ? Jul 26, 2022 17:31 |
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That 35 part thread of goofball use cases didn't do it but after this I'm convinced that "tascha" account is satire, there's no other explanation No one can be that stupid and operate a keyboard
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# ? Jul 26, 2022 17:33 |
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# ? May 30, 2024 13:33 |
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HappyHippo posted:https://www.reddit.com/r/CoinBase/comments/w89s2g/accidentally_purchased_35000_worth_of_ethereum/ Correct me if I’m wrong, but even that is only possible because Coinbase is a centralized exchange and these transactions aren’t even happening on the blockchain.
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# ? Jul 26, 2022 17:37 |