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Found this today:  From an article posted on 8 June 2022, the day the week long $12,000 slide started. Conservative predictions say... lmfao link, if anyone cares: https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-history/
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Aug 29, 2022 09:13
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squirrelzipper posted:Nah, I work in POS and with payment processors and gateways and this isn't correct at all. Particularly with EMV systems. As I understand it, a significant part of the difficulty in securing EMV comes from all the legacy poo poo hanging around on the modern card ecosystem (e.g magstripe/Track2 data), which is what facilitates things like downgrade attacks. This is where the terminal essentially lies to the card and informs it that it only supports a considerably weaker payment flow, at which point the more secure system is essentially obviated. This is all before we get into the argument about whether triple DES can still be considered to be actively secure. You also have to consider the attack model; does EMV protect against attacks that would otherwise be possible if the data wasn't encrypted? Generally yes. Does it protect against skimmers and other things that harvest cleartext data like the PAN that are encoded in the magstripe? No. Does this data then get sold on (sometimes on actual Facebook groups dedicated to card fraud)? Yes, all the goddamn time. EMV is a bit of a pain in the rear end because the primary point of it appears to be to give banks more leeway in refusing to deal with fraud by touting chip-and-pin as being unconditionally secure, ergo whenever it goes wrong it's obviously your fault.
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Aug 29, 2022 09:27
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greazeball posted:Found this today: Lmao that's just absurd. These people should have their internet licences revoked.
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Aug 29, 2022 09:35
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BigBadSteve posted:Since she's a conpiracy hypothesist i('theorist' would be way too strong a word), I won't say she "almost got it". So, rinse (with rancid piss and lovely water) and repeat ad nauseum, I guess, until old age takes her, or she dies of exposure in the streets after she becomes homeless from blowing the rent money on yet more "stable, 100% safe, very high interest crypto investments", or she's beaten or stabbed to death in said streets (life is often not kind to the homeless). Honestly for a lot of these people it's like they actively seek out bullshit.
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Aug 29, 2022 10:22
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knox_harrington posted:Lmao that's just absurd. These people should have their internet licences revoked. I'm so glad I got my irrevocable licence from Yahoo back when they just listed all the websites in existence.
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Aug 29, 2022 10:35
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I mean, it follows a certain amount of logic as long as you squint a lot and don't think too hard. Wealth comes to good people->I'm a good person so I deserve wealth->I'm not wealthy yet->Conventional financial wisdom is wrong->Find places that tell me I'm good and also that are outside conventional financial wisdom. Lots of institutions breed this sort of thinking: 1. Whatever you're doing is the right thing, and you are a good person. That's what brought you to (this institution)! 2. You deserve better and it's not your fault things aren't better. Things would be better for you if (insert entity) wasn't holding you back. 3. (This institution/author/preacher/self-help guru) can help you find the right path. It's a little bit more than you want to pay right now but it will pay off in the long run. 4. Keep on working as instructed and you'll get where you want to go. We can put you in touch with more people who believe like this and will tell you how much better you're doing. 5. Stay the course when outsiders tell you this is wrong. They only say this because they're jealous of your success. Being one of us is how you get the exclusive information that only we have! Please, don't ask further questions. 6. You're actually fighting a war against the outsiders. We have materials available to encourage you. Don't abandon your new friends in this war! Don't lose access to all this stuff! This is part of your identity now! When people get into the late stages, you've got a populace who hangs on every word, encourages each other to stick with you, doesn't question you, and actively rejects outside influences. Works for sneaker fan clubs, works for OANN, works for crypto. It'll work for the next thing too. Good thing we all are too smart for that here on the SA forums.
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Aug 29, 2022 11:13
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greazeball posted:Found this today: I'm assuming somebody at Bloomberg just threw their hands up into the air when asked and said "It could be $400,000 or it could be $4. Who knows with this poo poo?", which was immediately interpreted as TO THE MOON!!!
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Aug 29, 2022 11:28
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nachos posted:The percentage of retail investors that have touched the poop has also stayed flat over the past year despite all of those crypto.com ads everywhere. Is there actually concise data on this? Like showing new users vs volume or maybe based on exchange revenue or something? I looked at onchain data which shows new rubes buying mostly, and early buyers weren't even touching Bitcoin in general. But again this I would assume is trying to read tea leaves and I could be wrong. I do see tons of retail yoloing into longs as the market goes down which tells me we haven't hit bottom as those are the folks that fuel the drops. But that doesn't quantify if it's new or old or more people getting involved or not. notwithoutmyanus fucked around with this message at 12:22 on Aug 29, 2022 |
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Aug 29, 2022 12:19
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notwithoutmyanus posted:Is there actually concise data on this? Like showing new users vs volume or maybe based on exchange revenue or something? https://www.washingtonpost.com/business/2022/08/24/cryptos-massive-marketing-efforts-have-drawn-few-new-investors/ Per surveys the number of Americans who have invested in crypto has stayed flat at 16% from 2021 to 2022
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Aug 29, 2022 12:32
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Lets do a little proof: I'm gonna smear some human feces on your car door handle. Your job is to see how an NFT can clean it off so you can get to your wagecuck job on time this morning. I'll wait.
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Aug 29, 2022 12:44
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ChronoBasher posted:I think we were...sorry I've been anger posting on Twitter today and it's starting to bleed. It would be rare for a POS to not be encrypting at the POI, but could still happen. And depending on the setup/vendor, the merchent may have the decryption keys (non E2EE/P2PE setups). But yeah agree, doubtful it would be sent in clear. Delete all social media and your life will be better for it. There’s nothing social about it and if you care about things, ~the algorithm~ will weaponize that and make you miserable.
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Aug 29, 2022 13:40
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Aramis posted:It's not crypto in spirit that's the problem. It's that the only single way we know how to make it happen is unacceptably loving terrible. Oh, no, crypto in spirit is entirely the problem. It was originally designed as a grift, as a way to get around paying taxes, and nothing else. All of its "hype" about "banking the unbanked!!!" and whatever came later to sucker more nerds in. And the thing is that a decentralized crypto currency, even if it had instant transmissions, no huge transfer fees, none of the bugs of bitcoin, was user friendly and didn't attempt to melt Antarctica with every new coin generated... it would still have all of the issues of a decentralized currency with regards to grifts, scams and reversing transactions. If there's no authority that controls the thing and can force, for instance, transactions to reverse, every scam is permanent. Banks would have to get absurdly rapacious to have me not pick their basic protections over, uh, all of this poo poo, so I don't believe it would ever become "the standard." Its use case would primarily be limited to a minority of folks in areas with no banking network coverage or folks who wanted a higher degree of anonymity(criminals, tax frauds and a small minority of folks who want to shuffle money around without getting shot by an authoritarian state).
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Aug 29, 2022 13:55
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I went to the Minnesota State Fair over the weekend, and besides the food, one of the things I always make sure to check out is the crop art, because people who do crop art are way more up to speed on things than you’d expect for people making mosaics out of assorted seeds. Relevant case in point: (There was also an unironic ape, but I didn’t take a picture of that one because why would I)
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Aug 29, 2022 14:01
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Party Ape posted:Back in the day (like late 90s) they used leased lines, but now that you just use regular IP over 5G and even the social club at my work has a wireless EFTPOS terminal (I think it's just a mobile phone with a USB gadget) so you can buy cheap drinks at lunch time. POS systems usually connect to a server in the back of the store, which is usually in a room locked that only a couple of people have the key for. That server makes a request to the world wide web. If there is an internet outage, it will continue to operate, then will reconcile the accounts once the internet comes back on.
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Aug 29, 2022 14:20
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Ferdinand the Bull posted:If there is an internet outage, it will continue to operate, then will reconcile the accounts once the internet comes back on. BRB, cutting the internet to Best Buy so I can buy a home entertainment system with my maxed out credit card
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Aug 29, 2022 14:28
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Ferdinand the Bull posted:If there is an internet outage, it will continue to operate, then will reconcile the accounts once the internet comes back on. uh, i don't think that's true
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Aug 29, 2022 14:33
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My experience with customers with PCI-DSS is that the card reader POS terminal itself encrypts everything, so all traffic across the Internet is fully encrypted to the payment processor. All the merchant gets is a token and 'you got paid $X.XX'. That was in 2016 and a major national retailer outsourcing to HPE. The *last* thing a merchant wants is to record card data, ffs.
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Aug 29, 2022 14:37
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Ferdinand the Bull posted:POS systems usually connect to a server in the back of the store, which is usually in a room locked that only a couple of people have the key for. That server makes a request to the world wide web. I just came back from a hotel where the POS went down for a few hours at a coffee shop and they could only take cash or charge directly to the room. Also a lot of industry-specific POS are definitely not built with offline capability, you usually have to revert to cash at that point.
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Aug 29, 2022 15:27
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greazeball posted:Found this today:  Just below the quoted bit: quote:Bitcoin is valuable thanks to its limited supply steadily increasing demand by a greater number of investors. Yes, Bitcoin's price is driven by people buying it on the assumption that it will go up as more people buy it (on the assumption it will go up). Congrats on describing a financial bubble without actually using the term "bubble" Megan.
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Aug 29, 2022 15:59
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LifeSunDeath posted:Lets do a little proof: The car NFT on the blockchain is untouched. Checkmate Edit: Oops I mistyped a key for my wallet and now my NFTs are gone. Enjoy the car
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Aug 29, 2022 16:02
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I assume most places convert to cash if their system is down because while most POS systems can totally still "run" credit cards (by just putting it in the batch and trusting that you would have pre-authed if you could) they don't because the fraud risk is much higher that way.
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Aug 29, 2022 17:00
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I know it's the bitcoin thread, but why are you guys talking about working with pieces of poo poo? It's not really something to celebrate.
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Aug 29, 2022 17:07
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Waltzing Along posted:I know it's the bitcoin thread, but why are you guys talking about working with pieces of poo poo? It's not really something to celebrate. Everyone including myself when I worked in retail, was a piece of poo poo.
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Aug 29, 2022 17:12
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nachos posted:https://www.washingtonpost.com/business/2022/08/24/cryptos-massive-marketing-efforts-have-drawn-few-new-investors/ Well, that's perfect if not unsurprising. Makes me have some hope for the future. Also, what's going on with some weird dog eat dog lawsuit poo poo going on with AVAX?
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Aug 29, 2022 17:17
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hot cocoa on the couch posted:uh, i don't think that's true Manager flipped the "internet is hosed" switch and it just held things in a queue until service was restored. Accounts didn't reconcile, though. It just shot out a bunch of data to the payment processor so if someone used a Chuck E. Cheese gift card instead of an actual dlcredit/debit well tough poo poo
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Aug 29, 2022 17:33
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Waltzing Along posted:I know it's the bitcoin thread, but why are you guys talking about working with pieces of poo poo? It's not really something to celebrate. This got me good because while I know what it’s supposed to mean, I too read it as piece of poo poo every time.
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Aug 29, 2022 17:53
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I've been using Square for years and if I don't have an internet connection I can't take cards/NFC payments at all. Which is why I have the password for the wifi next door.
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Aug 29, 2022 17:56
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ok whats more likely, me making a profit on bitcoin or winning a lottery. i dont have bitcoin so I would have to buy, but conversely lottery tickets do have smaller wins
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Aug 29, 2022 18:05
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Edgar Allan Pwned posted:ok whats more likely, me making a profit on bitcoin or winning a lottery. i dont have bitcoin so I would have to buy, but conversely lottery tickets do have smaller wins Solid contender for the bad at math prize.
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Aug 29, 2022 18:26
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Edgar Allan Pwned posted:ok whats more likely, me making a profit on bitcoin or winning a lottery. i dont have bitcoin so I would have to buy, but conversely lottery tickets do have smaller wins This is indeed Bitcoin logic.  I'm disappointed at the lack of "would selling my children for money be better to put into Bitcoin vs the lottery?" But good enough I suppose.
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Aug 29, 2022 18:38
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Rust Martialis posted:My experience with customers with PCI-DSS is that the card reader POS terminal itself encrypts everything, so all traffic across the Internet is fully encrypted to the payment processor. All the merchant gets is a token and 'you got paid $X.XX'. Yeah, the EFTPOS security standard is publicly available: https://www.eftposaustralia.com.au/...wyVgwbmWMfcMzmn
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Aug 29, 2022 18:43
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https://twitter.com/PuffYatty/status/1564067599738101760
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Aug 29, 2022 19:16
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idk, 50+y/o rappers and their bullshit scams don't really excite me these days.
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Aug 29, 2022 19:33
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haljordan posted:hello as suggested by Strong Sauce here is a Facebook post from a girl who I went to high school with (who is now a stone cold lunatic anti vaxxer living down in Florida)
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Aug 29, 2022 20:03
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Snoop is more famous nowadays for being willing to take money to put his face on absolutely anything that comes to him with a big enough check. Honestly it's the smartest career move he could make.
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Aug 29, 2022 20:29
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Scratch Monkey posted:Snoop is more famous nowadays for being willing to take money to put his face on absolutely anything that comes to him with a big enough check. Honestly it's the smartest career move he could make. And the NFT conference still had to hire Doop Snogg instead lol https://twitter.com/sadvil/status/1539334378324639745
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Aug 29, 2022 20:41
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hot cocoa on the couch posted:uh, i don't think that's true Yeah it is - even cloud POS systems can handle being offline and reconciling later, it’s basic functionality. Unless you mean the payment units - then yeah no network equals no payment capabilities but they usually can fall back to LTE. POS generally (Square or Toast or Clover being exceptions) aren’t payment processors so the terms are confusing. In the hotel example above the POS probably functioned fine, tracking the order and so forth, it was the payment device that didn’t. squirrelzipper fucked around with this message at 20:54 on Aug 29, 2022 |
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Aug 29, 2022 20:46
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doooooooooooooOOOP
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Aug 29, 2022 20:54
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squirrelzipper posted:Yeah it is - even cloud POS systems can handle being offline and reconciling later, it’s basic functionality. Unless you mean the payment units - then yeah no network equals no payment capabilities but they usually can fall back to LTE. POS generally (Square or Toast or Clover being exceptions) aren’t payment processors so the terms are confusing. In the hotel example above the POS probably functioned fine, tracking the order and so forth, it was the payment device that didn’t. How does the offline POS detect a credit card that has been deactivated for fraud, before I walk out with a television
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Aug 29, 2022 21:01
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Powershift posted:And the NFT conference still had to hire Doop Snogg instead lol I missed this the first time around What's my motherfucking name? I'd rather not say
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Aug 29, 2022 21:14
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