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EMoney posted:Price goes up, price goes down. the technology has not evolved and will not evolve because crypto 'developers' (lmao) are just script kiddies who glue a bunch of obscure code they found on the internet together and call it new. all crypto is a scam that is built on 40 year old technology since replaced by much better tech that just works without having to scam anyone. gently caress off tango alpha delta fucked around with this message at 21:10 on Nov 28, 2022 |
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Nov 28, 2022 21:04
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OneEightHundred posted:
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Nov 28, 2022 21:04
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Zil posted:There was actually a big internal push for Bitcoin to be accepted in the RMAH during development, but the execs shot it down. I only trade my crypto on the well-regarded collectible card game exchange site, Magic: the Gathering Online eXchange
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Nov 28, 2022 21:08
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EMoney posted:... God, this was such cursed idiocy it took me reading other people's replies before I realized this wasn't a Saddest Rhino/Lottery of Babylon-style copypaste hellpost.
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Nov 28, 2022 21:22
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https://twitter.com/SimonSvatos1/status/1596908764397195265 
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Nov 28, 2022 21:35
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https://www.marketwatch.com/story/blockfis-bigcreditors-include-an-indenture-trustee-firm-ftx-and-the-sec-11669657915 So it looks like BlockFi's biggest creditor is a distressed debt/debt servicing firm of some nature called Ankura Trust. They hold $730 million of BlockFi debt. By comparison, BlockFi owes exactly $275 million to FTX. Third largest creditor is a client at $48.5 million and the SEC is fourth at $30 million. Ankura could represent any number of investors, but with FTX being number two, I wonder if it's possible other exchanges and firms had money in BlockFi that's now tied up in these proceedings and was already bundled under Ankura. I can't find any trace of them being involved in Luna, Celsius or any other bankruptcy, though.
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Nov 28, 2022 21:51
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EMoney posted:Just like a company like Uber could have only happened with widespread mobile adoption and enterprise-grade GPS,   Uber's  success is because the service they provided was stupid loving illegal when they started out. As recently as 2016 LAPD was running stings against rideshare driversIt was only allowed to thrive because the US licensed cab market is trash Uber is a dumpster fire of money that has rarely been profitable. It has nothing to do with more people getting cell phones 
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Nov 28, 2022 21:53
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Lazyfire posted:https://www.marketwatch.com/story/blockfis-bigcreditors-include-an-indenture-trustee-firm-ftx-and-the-sec-11669657915 Kinda looks like... https://ankuratrust.com ? Sounds plausible, corporate trusts probably looked the other way when crypto was involved, hoping for an easy buck.
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Nov 28, 2022 22:03
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Devor posted:I only trade my crypto on the well-regarded collectible card game exchange site, Magic: the Gathering Online eXchange Regular reminder that it wasn't (Magic: The Gathering) Online Exchange, it was (Magic: The Gathering Online) Exchange, as in a place to trade your cards within MTGO, a game that already has a built in trade feature and finder.
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Nov 28, 2022 22:12
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I remember this guy. Tried to sue someone for calling him a scammer, but backed down when the defendant received over 180k worth of donations for legal fees and was actually able to fight back. He apologized for the suit becoming public and not being a shameless SLAPP suit. Instead of silencing his critic, the story blew up and more people are looking into how shady his dealings are. Love to see it.
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Nov 28, 2022 22:17
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notwithoutmyanus posted:Kinda looks like... https://ankuratrust.com ? Sounds plausible, corporate trusts probably looked the other way when crypto was involved, hoping for an easy buck. That's the company, not to be confused with Ankura Consulting, which is the parent company and has a whole crypto management/consulting business line.
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Nov 28, 2022 22:17
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notwithoutmyanus posted:
Nah, they're independently brainwormy. I know at this point we don't get many pro-crypto posts anymore (because LOL) but they do happen.
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Nov 28, 2022 22:46
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? Namaste, Seraph.
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CommieGIR posted:The problem being that the Feds have shown multiple times they can and will go after Cryptocurrency if the need arises, blockchain does little to stop the threat of Federal or Government interference. The entire thing was designed to thwart regulation and prevent intervention. It has no other purpose. The smart thing to do would have been to say "okay if you can't fix your poo poo because you made it completely unregulatable by design then you don't get to access it with US dollars" and ban the exchanges, but the defense against that has been to try sucking in as much "legit" money into it as possible to maximize the collateral damage.
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Nov 28, 2022 23:17
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OneEightHundred posted:It certainly does, which is why there's been a huge explosion in hacks, ransomware, and other poo poo. Wallet addresses aren't linkable to any person or legal entity by themselves, which creates one mechanism for obfuscating the money trail, nevermind automated mixers like Tornado Cash which get to operate on the same network with the same currency as "legit" services. Yes pulling a Chinese and black list the exchanges would make sense. Also sucking up investor money and doing what sbf did by making political donations and hiring lobbying firms would get in the way of that.
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Nov 28, 2022 23:23
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OneEightHundred posted:The entire thing was designed to thwart regulation and prevent intervention. It has no other purpose. The smart thing to do would have been to say "okay if you can't fix your poo poo because you made it completely unregulatable by design then you don't get to access it with US dollars" and ban the exchanges, but the defense against that has been to try sucking in as much "legit" money into it as possible to maximize the collateral damage. Actually it was designed for no reason, and that's why it sucks at everything.
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Nov 28, 2022 23:23
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This guy deposited $450K of his life savings into BlockFi 13 days ago after which they immediately ghosted him. https://www.reddit.com/r/blockfi/comments/ywfrg1/450k_life_savings_lost_as_private_client/ I'm assuming he won't get anything anymore. All these random exchange subreddits are full of these people falling over themselves to give everything they have to some Bahamas registered firm just because it's "crypto". The funniest part of this is BlockFi just copy pasted the Chase Private Client name brand into BlockFi Private Client so you feel like you're a badass VIP millionaire while being scammed.
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Nov 28, 2022 23:39
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https://www.youtube.com/watch?v=ASiPi1Bp4-U
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Nov 28, 2022 23:55
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Rad Russian posted:This guy deposited $450K of his life savings into BlockFi 13 days ago after which they immediately ghosted him. lol
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Nov 29, 2022 00:31
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As a driveby gawker to this thread in a trainwreck kind of way, thanks for linking that. Basically, dudes a fat sack of poo poo. Like most crypto types.
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Nov 29, 2022 00:46
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https://twitter.com/GRDecter/status/1597282529765388288
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Nov 29, 2022 00:55
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Who play Caroline?
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Nov 29, 2022 01:27
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Ups_rail posted:Yes pulling a Chinese and black list the exchanges would make sense. If there was enough legit stuff they'd piss and moan for a while before swallowing their pride and caving to avoid taking out the entire ecosystem, but in reality it'd just implode immediately.
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Nov 29, 2022 01:33
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Ups_rail posted:Who play Caroline? Anya Taylor-Joy.
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Nov 29, 2022 01:38
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"boy" is doing alot of work here, unless he's just one of those people that have super fast aging genes and he's actually young.
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Nov 29, 2022 06:13
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wolf street had a bunch of drugs and sex parties, havent most buttcoin party poo poo shown a bunch of hover hand betas and women looking bored as eff?
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Nov 29, 2022 06:19
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sbf basically ran a meth-fueled orgy circle of tech nerds, apparently, so there's that
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Nov 29, 2022 06:25
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PhazonLink posted:wolf street had a bunch of drugs and sex parties, havent most buttcoin party poo poo shown a bunch of hover hand betas and women looking bored as eff? It'll have kristen schaal in dumpy makeup as the mousy girl
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Nov 29, 2022 06:28
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PhazonLink posted:"boy" is doing alot of work here, unless he's just one of those people that have super fast aging genes and he's actually young. You're just witnessing the soul slowly leaving his body due to absence of purpose, outside of scamming people. Short bitboy.
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Nov 29, 2022 06:36
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Vampire Panties posted:
I worked for Uber Corporate during the era where they were operating illegally in Canada and I had daily meetings with the heads of every department in Canada (I wasn't in Canada) about various things. Anyway one day I went into work and none of the canadians were online. Every one of them was unlisted in any internal communications tool and they were just like, ghosts. Turns out there was a button in one of the head offices there that essentially lit the entire place on fire and deleted all the employee and driver records, etc. And after asking around I was told that it got pressed because local police raided the office. And that was all I was allowed to know about it
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Nov 29, 2022 08:33
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deep dish peat moss posted:I worked for Uber Corporate during the era where they were operating illegally in Canada and I had daily meetings with the heads of every department in Canada (I wasn't in Canada) about various things. Anyway one day I went into work and none of the canadians were online. Every one of them was unlisted in any internal communications tool and they were just like, ghosts. Turns out there was a button in one of the head offices there that essentially lit the entire place on fire and deleted all the employee and driver records, etc. And after asking around I was told that it got pressed because local police raided the office. And that was all I was allowed to know about it  Still more legit than crypto, because at least the customers have something tangible (the trip) at the end of the transaction.
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Nov 29, 2022 09:15
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https://twitter.com/molly0xFFF/status/1597361764253011971
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Nov 29, 2022 13:33
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e: nvm - way off topic
the other hand fucked around with this message at 14:23 on Nov 29, 2022 |
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Nov 29, 2022 13:44
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Jimmy Buffett gonna get that money. Or you'll find yourself in the cheeseburger in paradise.
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Nov 29, 2022 14:07
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Alan Smithee posted:movie exec script notes on Revenge of the Nerds 2: "idk about the NFL superbowl guy and supermodel wife losing their money to a polyamorous (had to look it up, don't buy it. Can't people just have good old fashioned affairs?)CEO and Legendary Lore player buys vacation home in the bahamas with non-existent funds? It's just too on the nose. And we need the nerds to be likable. Stealing a jock's gf (consentually now of course. I hate woke cancel culture as much as the next guy but you gotta go where the box office is) is the kind of Bing Bong Theory wish fulfillment we can get behind but nerds bullying the jock's out of their lunch money? It's quite frankly mean spirited and reeks of politics and socialism which won't play well in middle America lol
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Nov 29, 2022 14:14
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Vampire Panties posted:
Imagine being in an Uber when the plug got pulled. Do they just kick you out or finish the ride?
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Nov 29, 2022 14:35
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Lazyfire posted:Imagine being in an Uber Gross dude.....
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Nov 29, 2022 15:02
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Durzel posted:Bitcoin has only been around 13 years guys, it needs a few more years to mature. Hmmm. For many adherents, that's just mature enough.
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Nov 29, 2022 15:39
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Serjeant Buzfuz posted:Gross dude..... Hey, that one dude married his car remember? He would have loved being an uber driver. https://youtu.be/06BFsQ_28Co
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Nov 29, 2022 15:47
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Lazyfire posted:Imagine being in an Uber when the plug got pulled. Do they just kick you out or finish the ride? Only staff/employees of Uber proper got ghosted by corporate - the
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Nov 29, 2022 17:18
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notwithoutmyanus posted:Hey, that one dude married his car remember? He would have loved being an uber driver. dudes rock
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Nov 29, 2022 17:24
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