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The hallmark of the currency of the future: used exclusively for illegal transactions and scams.
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Dec 12, 2022 18:54
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Bitcoin would be kinda cool if it was worthless and the network was just some hobbyist dorks but speculation and commercial mining made it deeply, deeply uncool.
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Dec 12, 2022 19:07
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if bitcoin is the problem then how come all the criminals and scammers want to cash out into dollars? checkmate fiatailures
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Dec 12, 2022 19:34
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https://twitter.com/web3isgreat/status/1602347160665821184?s=20&t=kTMD06jk7NQF3NyI2H8kTA
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Dec 12, 2022 19:36
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Randallteal posted:Bitcoin would be kinda cool if it was worthless and the network was just some hobbyist dorks but speculation and commercial mining made it deeply, deeply uncool. idk i was there and it was still dumb
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Dec 12, 2022 20:11
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Randallteal posted:Bitcoin would be kinda cool if it was worthless and the network was just some hobbyist dorks but speculation and commercial mining made it deeply, deeply uncool. the speculation was baked in from the ground up, which made commercial mining inevitable if the dumb thing ever got traction even after 2022 losses, if I hadn't sold my bitcoin for a $400 alternator at some point a decade ago, I would have $255,000, enough that I would probably pay off my mortgage and go do something more fun that paid less. It's all dumb fuckin capitalism and libertarians buying gross porn and drugs, all the way down. Boxturret posted:idk i was there and it was still dumb I thought it was dumb but by the time it was on my radar at all it was on my radar as "that magic numbers cloud-compute project being pushed by goldbug libertarians with weird feelings about age of consent laws"
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Dec 12, 2022 20:21
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Cabbages and Kings posted:the speculation was baked in from the ground up, which made commercial mining inevitable if the dumb thing ever got traction That's the thing, would you have sold at $255,000? Or $100,000? Or would you have seen it keep going up and wonder how much further it would go? Even now there are plenty of people insisting it's going to go up again. It seems like you end up with every psychological problem of people trying to time the market, only multiplied 100x because of the wild swings in value and the total disconnection from anything real. Of course this is all assuming you didn't throw away the hard drive with your key on it. Or lose it all in an exchange scam.
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Dec 12, 2022 21:32
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thekeeshman posted:That's the thing, would you have sold at $255,000? Or $100,000? Or would you have seen it keep going up and wonder how much further it would go? Even now there are plenty of people insisting it's going to go up again. It seems like you end up with every psychological problem of people trying to time the market, only multiplied 100x because of the wild swings in value and the total disconnection from anything real. this is why I don't agonize over it, at all. I sold out at $35 because I thought that was insanely overpriced, and I needed money. Also I had the idea that the only thing providing market depth was dumb libertarians and people buying illegal abuse porn which was not a thing I wanted to be involved in. Let's pretend I didn't sell then. When it went to $100 i would have sold half of what I had, at least. Ditto $500, and $1000. I can't imagine a world where I held on to things to anywhere near the peak, and regretting this makes about as much sense as regretting not saddling myself with every possible student loan I could in advance of the Google IPO: I would have made a ton of money if I'd done that, but, also, based on the information available to me at the time, doing that would have been the stupidest loving thing I'd done in my life. So, it's just a funny thing I think about sometimes. And yes, there is ALSO a hard drive with maybe $20,000 in Doge on it, somewhere in Virginia. I still thing $35 is insanely overpriced, maybe there's a utility value with guaranteed unique numbers that have a transaction ledger behind them but I would put it at somewhere between .00000000000000001% and .1% of that $35, so until BTC is transacting for $0.035 a pop I will think it's overpriced nonsense. Of course, the price can't get nearly that low at this point without the entire network grinding to a halt evilweasel posted:references in the sense of the sources for your paper, the idea being if chatGPT wrote your essay for you you'll at a minimum need to bullshit some references/sources for it all my college papers were basically "open 3 books to chapters about the thing I am writing about, aggressively paraphrase and cite being sure to change enough words to not feel like I am ~~plagiarizing~~, reference all books used in the bibliography" my college papers probably read like OpenGPT responses as a result of this, and I am so sure that someone used this to write a paper they turned in the very next day the first day it was available. Cabbages and VHS fucked around with this message at 21:41 on Dec 12, 2022 |
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Dec 12, 2022 21:35
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evilweasel posted:references in the sense of the sources for your paper, the idea being if chatGPT wrote your essay for you you'll at a minimum need to bullshit some references/sources for it [1] chatGPT Easy
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Dec 12, 2022 21:38
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I’d gotten GME for like 3 bucks a year before that thing happened. When I saw that happening I sold half my stake at 60 a share and the rest later at 110. The stock later reached 300+ if I remember correctly. My actions were contextually reasonable but there’s still a hint of regret and irrational thought that I should have waited. The nature of greed.
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Dec 12, 2022 21:43
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If you're making decisions on life changing amounts of money getting 1000% gains and its not because you literally built something from nothing that's never been done before then you've made a bad decision somewhere. You should take avoiding these situations as a badge of honor.
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Dec 12, 2022 21:53
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evilweasel posted:references in the sense of the sources for your paper, the idea being if chatGPT wrote your essay for you you'll at a minimum need to bullshit some references/sources for it Good news quote:Create three references for a research paper on Slavery using Chicago format Edit: Assume they'll get better over time, but gently caress me as someone who used to grade papers having to learn to spot this garbage
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Dec 12, 2022 22:03
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This description all of you are having about selling your bitcoins or GME stock or any absurdly appreciating investment early to lock in gains is well described and, in fact, a reasonable thing for an investor to do. The marginal utility of money—that is, the value of gaining or losing each additional dollar is to you—is generally considered logarithmic. That is, the value of each additional dollar decreases as you get more, and locking in some gains now matters more then the possibility of much higher future gains. Intuitively, this makes sense; most people would rather have a guaranteed chance of some money than a 50/50 chance of being rich or losing everything. Which is why everyone was laughing at Caroline from FTX talking about their marginal utility function of money being linear—that is, saying every dollar matters as much as the last. Such a utility function would encourage you to continue to take extreme “double or nothing” bets every time. Which is of course what FTX did until they lost everything. Their reasoning about why they continued to value each additional dollar had to do with their effective altruism ethos. Since they believed each additional dollar could be used to great effect to save everyone in the far future, this justified increased risks to get that dollar. It’s easy to see the logical fallacy in effective altruism taken to this extreme, though. Sure, a dollar invested to create a future perfect AI in hundreds of years might have extraordinary benefit for humanity, but how certain are you of that? Are you really sure what the effect of your actions will be hundreds of years from now? If your goal is truly to help people, wouldn’t you rather take action today that is certain to help someone instead? Ignoring present day humans to focus on far future humans is misguided at best, and at worst is just cynical justification for your own selfishness.
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Dec 12, 2022 22:21
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Double post but it’s with good content https://twitter.com/tier10k/status/1602409901720014871?s=46&t=SqbfjOprLhLlcSvxnebqOQ
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Dec 12, 2022 22:42
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Devor posted:Good news Look for the return of the oral examination, I guess.
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Dec 12, 2022 22:46
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Devor posted:Edit: Assume they'll get better over time, but gently caress me as someone who used to grade papers having to learn to spot this garbage The author's names seem like a pretty good tell, at least for now.
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Dec 12, 2022 22:50
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Cantorsdust posted:Double post but it’s with good content loving LOL Mycrimes.jpg
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Dec 12, 2022 22:51
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Pham Nuwen posted:Look for the return of the oral examination, I guess. Honestly it doesn't matter. That kind of thing really only gets by in intro courses (e.g. highschool, first couple of units in a university), mostly because those are the levels where you're really learning the super broad strokes of content and the mechanics of how to do academic poo poo. It's basically the same problem as rich kids and frat boys buying papers from ghostwriters: its enough to clear the bar if all you need is a single course to check off your gen ed requirements, and at that point who really cares? The only person you're cheating is yourself. As an instructor the way to make sure people aren't just completely skating by is, at that level of instruction, to make written assignments a component of the total grade. My old stand by was two papers and two in-class exams, each worth about ~20%, (totaling 80) with the last ~20% being participation in discussions or a presentation or whatever else made sense. Enough that you can't just blow them off, but still significant enough that the in-class stuff will loving break someone who completely checks out. Give enough of a gently caress to pass the tests with a D+ and buy some papers that get B's? Congrats on your C in the course, see you at your dad's car dealership. Once you get into anything past 101 level BS you're going to be asked to write on topics that the instructor is actually an expert in, at which point bullshit citations stand out like a sore thumb. edit: I've taught university history courses and once upon a time I was a lovely dumb teenager too. So many fake citations in HS, although my method was to use a real book abut just grab some random page number (or better yet span of pages) to justify some random, vague BS. I loving knew my HS teacher was never going to look that poo poo up. Joke's on me, the citations were properly built so I knew what the gently caress I was doing when I got to university and used them for real. He did his job and taught my lazy rear end despite myself.
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Dec 12, 2022 22:57
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LifeSunDeath posted:loving LOL loving hell. I'm an auditor and one of our basic routines does an automatic scan of the client's records for "fraud" "bribe" "coverup" etc. And it's always a bit of a joke because no one would ever be stupid enough to call their fake invoice fraud, but it would be really embarrassing if they did and we didn't spot it. They'd never be that dumb, right?
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Dec 12, 2022 23:02
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I guess crypto gets to learn not to put it in writing now too.
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Dec 12, 2022 23:05
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Cantorsdust posted:Double post but it’s with good content It's actually German, Wir E. Frau D.
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Dec 12, 2022 23:49
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repiv posted:as i understand it the darknets have mostly moved away from bitcoin long ago for exactly that reason, and now prefer crimecoins like monero which are much harder to audit So what I'm hearing is, Monero is a "buy".
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Dec 13, 2022 00:01
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GoodluckJonathan posted:So what I'm hearing is, Monero is a "buy". No. Monero is actually useful as a currency, making it useless as a pure speculative instrument... somehow...
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Dec 13, 2022 00:02
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Danknificent posted:I’d gotten GME for like 3 bucks a year before that thing happened. When I saw that happening I sold half my stake at 60 a share and the rest later at 110. The stock later reached 300+ if I remember correctly. My actions were contextually reasonable but there’s still a hint of regret and irrational thought that I should have waited. The nature of greed. You will never hit a bubble right on the nose and it’s way, way better to sell too early than it is to sell too late. The Danknificent that held to $300 would have also tried holding to $400.
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Dec 13, 2022 00:07
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There it is https://twitter.com/tier10k/status/1602446984090107905?t=BYMkIN-TY-WmbX-K7KAzpw&s=19
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Dec 13, 2022 00:37
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VERY cool, very cool
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Dec 13, 2022 00:41
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You know you've made it to the big leagues when government press releases about you use your nickname.
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Dec 13, 2022 00:43
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Sam "BWM" "SFB" "SCAMMAN" Bankman
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Dec 13, 2022 00:47
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Scam Bankrun-Fraud
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Dec 13, 2022 00:48
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Holy poo poo that's moving at lightning speed for the government
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Dec 13, 2022 00:48
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Sam "Broke-bank-Fraud"
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Dec 13, 2022 00:49
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what if, instead of extraditing him, they issue a new coin instead
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Dec 13, 2022 00:54
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3hands posted:what if, instead of extraditing him, they issue a new coin instead bailcoin just think, if I flee it will just go up and up and up in value and repay all the victims that way!
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Dec 13, 2022 00:56
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3hands posted:what if, instead of extraditing him, they issue a new coin instead Hear me out: Non-Fungible Extraditions. And that's just the first step! Next we'll tackle Non-Fungible POWs, enabling frictionless prisoner exchanges. I'd like 2 Billion dollars to fund the project, please.
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Dec 13, 2022 00:56
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if we mint sbf being in jail as an nft even if he gets out or is destroyed he'll still be alive and well in jail due to the nft
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Dec 13, 2022 00:57
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man that little fucker is going to jail for a long time
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Dec 13, 2022 01:01
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But..but...it was just make believe money!!! Don't put me in the van, it was all just a thought experiment!
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Dec 13, 2022 01:03
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MEIN RAVEN posted:Holy poo poo that's moving at lightning speed for the government His apology/confession tour backfired! Who could have seen this coming? https://twitter.com/renato_mariotti/status/1602452993328152576
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Dec 13, 2022 01:06
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Sam Bankfraud-hosed https://twitter.com/SarahNEmerson/status/1602448748109512704 https://twitter.com/renato_mariotti/status/1602452993328152576
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Dec 13, 2022 01:06
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1 down, however many more to go.
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Dec 13, 2022 01:08
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