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Salt Fish posted:Thats too good to be true I don't believe it.
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Dec 29, 2022 17:46
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Salt Fish posted:Thats too good to be true I don't believe it. A person that's been in a coma for 5 months does not just walk right out of the hospital when they get up.
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Dec 29, 2022 17:56
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https://www.theguardian.com/technology/2022/dec/29/unsellable-worthless-nfts-tax-write-off Turning NFTs into tax write offs
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Dec 29, 2022 17:57
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deep dish peat moss posted:This is pretty much the entire philosophy of business these days. I've worked for several tech startups (mostly not fintech, with one exception) that are now quite large, generally around communications and marketing roles, and I couldn't tell you the number of times I've heard the implication that the actual value of the product doesn't affect price tags or revenue, only the "perceived value" (which is specifically an arbitrary qualitative evaluation implanted in the audience's head by the marketing department, rather than anything related to actual value) This really is an amazing and appropriate allegory for a lot of startups. See: Juicero. Late stage capitalism is an amazing poo poo show.
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Dec 29, 2022 18:03
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This is what 90% of new online-only "brands" are.
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MEIN RAVEN posted:This really is an amazing and appropriate allegory for a lot of startups. See: Juicero. Boeing stock kept going up during the height of the pandemic when orders were being delayed, production lines closed and expected new plane introductions/announcements didn't happen. The 737 max was and is still not shipping and the rate increase on the 787 has been delayed with no end in sight. The stock should be at zero, but it's Boeing, so people buy the stock just because of that.
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Dec 29, 2022 18:41
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There Bias Two posted:A person that's been in a coma for 5 months does not just walk right out of the hospital when they get up. Yeah even if they are mentally intact, you’re talking about some significant muscle wasting. They’re going to need physical therapy, probably a stay in acute rehab vs skilled nursing facility.
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Dec 29, 2022 18:43
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bobjr posted:https://www.theguardian.com/technology/2022/dec/29/unsellable-worthless-nfts-tax-write-off Are you saying Wolfenstein isn't an accurate depiction of medical care?
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Dec 29, 2022 18:45
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Lazyfire posted:Boeing stock kept going up during the height of the pandemic when orders were being delayed, production lines closed and expected new plane introductions/announcements didn't happen. The 737 max was and is still not shipping and the rate increase on the 787 has been delayed with no end in sight. The stock should be at zero, but it's Boeing, so people buy the stock just because of that. "I drink Coca Cola, so I'll buy some Coke stock!"
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Dec 29, 2022 18:49
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Lazyfire posted:Boeing stock kept going up during the height of the pandemic when orders were being delayed, production lines closed and expected new plane introductions/announcements didn't happen. The 737 max was and is still not shipping and the rate increase on the 787 has been delayed with no end in sight. The stock should be at zero, but it's Boeing, so people buy the stock just because of that. I would say the only difference is that anyone over the age of 20 who has more than two brain cells to rub together understands that, no matter what, the government will bail out airlines and aeronautics manufacturers whenever they make too many bad decisions.
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Dec 29, 2022 18:53
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SBF used $100 million in customer funds to buy Dave. And another $100 mil in some other crypto thing. https://www.cnbc.com/2022/12/28/ftx-used-200-million-of-customer-funds-for-two-venture-investments.html Best part of the article is Dave insisting they have no obligation to pay the stolen money back. Good luck with that, Dave. quote:
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Dec 29, 2022 19:26
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Lazyfire posted:Boeing stock kept going up during the height of the pandemic when orders were being delayed, production lines closed and expected new plane introductions/announcements didn't happen. The 737 max was and is still not shipping and the rate increase on the 787 has been delayed with no end in sight. The stock should be at zero, but it's Boeing, so people buy the stock just because of that. As was pointed out a large part of Boeing is their government side. The commercial side of Boeing will also be supported by the government for strategic reasons. The US doesn't want to have to depend on Airbus or other foreign manufacturers of commercial airlines
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Dec 29, 2022 19:35
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It seems the trick is to be the one "minting" and selling the poo poo coins in the first place. That's where the money ends up
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Dec 29, 2022 19:42
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Time flies when you’re slurping apes… https://twitter.com/katienotopoulos/status/1608533384254590977
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Dec 29, 2022 19:47
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Oscar Wild posted:As was pointed out a large part of Boeing is their government side. The commercial side of Boeing will also be supported by the government for strategic reasons. The US doesn't want to have to depend on Airbus or other foreign manufacturers of commercial airlines Boeing's commercial sales and upgrades are the vast majority of their income. They have almost no in-house designed military programs, most of their programs came from buying McConnell Douglas. You can see them go from profitable to unprofitable as soon as they had to stop pumping out 737s and essentially stopped selling aftermarket parts. The government absolutely pumped a ton of money into defense contractors like Boeing and Lockheed when it became clear COVID was going to turbofuck us, but nowhere near enough to have kept Boeing's stock so inflated for the last couple years. They even showed up to the Paris/Farnsborough Airshow this year with...a new 737 model they hope to get the all clear on from the government and slides about the 777x, which has been "Coming soon" for the last five years. Stock still stays way above where it should be despite all this. I really can't explain enough how much I dislike Boeing as a company. All of this is why they are a great example of the belief of the public determining stock prices and product values. Look at all the major tech companies that have been around for a decade and haven't made a profit. They'll still have higher stock values than a bunch of companies that produce a product and make a profit because you hear stories about this VC or that company got in early and that this is the next Facebook or something and the "not profitable" part of the company gets completely forgotten when they announce their initial stock offering.
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Dec 29, 2022 20:34
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smellmycheese posted:Time flies when you’re slurping apes… Unlike the DotCom boom, we didn't even get really funny Superbowl ads out of it. Just a bunch of lovely celebrity endorsements
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Dec 29, 2022 21:09
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The Glumslinger posted:Unlike the DotCom boom, we didn't even get really funny Superbowl ads out of it. Just a bunch of lovely celebrity endorsements idk, Larry David getting paid by FTX to say that he thought FTX was bad was pretty funny.
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Dec 29, 2022 21:12
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also FTX crashing and burning and losing everything even within the same year as their dumb ad lol good thing regulators just let that all happen though, wouldn't want to disrupt "innovation" right? Mercury_Storm fucked around with this message at 21:20 on Dec 29, 2022 |
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Dec 29, 2022 21:15
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Boxturret posted:idk, Larry David getting paid by FTX to say that he thought FTX was bad was pretty funny. Does that even count as an endorsement of the product?
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Dec 29, 2022 21:16
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well it had previous scenes of larry david throughout history saying wheels and lightbulbs and airplanes and rockets were dumb and wouldn't work,
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Dec 29, 2022 21:19
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Boxturret posted:well it had previous scenes of larry david throughout history saying wheels and lightbulbs and airplanes and rockets were dumb and wouldn't work, What’s that about a stopped clock..  (Yah I know that wasn’t the ads intent)
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Dec 29, 2022 21:28
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Boxturret posted:well it had previous scenes of larry david throughout history saying wheels and lightbulbs and airplanes and rockets were dumb and wouldn't work, It's kind of funny that they compared the greatest inventions in history to literally nothing.
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Dec 29, 2022 22:21
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the wheel, electricity, and the 500th bitcoin exchange to implode losing everyone's money. these are all equivalent
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Dec 29, 2022 22:29
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Space Fish posted:Who at Standard & Poor's allowed the bundles to get a high rating, and how safe are they from retaliation? There's emails about it but basically the three rating agencies make their money by charging the businesses whose paper they are rating. So if you didn't agree with Goldman Sachs' argument that mortgage backed securities can be made AAA grade by slicing them up and repackaging them, and your competitor did then they got the business and you didn't.
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Dec 29, 2022 22:30
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It's extremely irritating when cryptobros compare their bullshit to the wheel and other useful stuff like it's some ironclad argument and it was extremely funny to watch them be proven so wrong so swiftly and so publicly.
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Dec 29, 2022 22:53
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VitalSigns posted:There's emails about it but basically the three rating agencies make their money by charging the businesses whose paper they are rating. The incentive structure for ratings agencies is comically perverse, extremely obvious to everyone, and yet nothing is done about it.
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Dec 29, 2022 22:59
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I know Nice Polite Republicans/NPR is poo poo, but jesus gently caress at them not saying the obvious that Tesla is making GBS threads the bed because Musky cant shut the gently caress up, or that Buttcoins and their Winter is actual year 2 or 3 or winter and among other fin 101 things.
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Dec 30, 2022 00:20
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PhazonLink posted:I know Nice Polite Republicans/NPR is poo poo, but jesus gently caress at them not saying the obvious that Tesla is making GBS threads the bed because Musky cant shut the gently caress up, or that Buttcoins and their Winter is actual year 2 or 3 or winter and among other fin 101 things. It's quite funny that they aren't running with the obvious take, actually.
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Dec 30, 2022 01:01
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Thesaurus posted:It seems the trick is to be the one "minting" and selling the poo poo coins in the first place. That's where the money ends up The trick is heavy doses of psychiatric medication and being a nerdy dude from palo alto with wealthy parents
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Dec 30, 2022 01:05
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https://twitter.com/coffeebreak_YT/status/1608569493202079751
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Dec 30, 2022 01:20
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HolHorsejob posted:I would love to find where all the real money that goes in comes out. Organized crime? A big scrooge mcduck vault in north korea? a barrel going off niagara falls? NK launched more missiles this year than ever and yes that's directly from buttcoin their hackers stole
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Dec 30, 2022 01:39
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newly uncovered documents reveal supreme leader kim jong il was satoshi and this is all according to divine plan
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Dec 30, 2022 01:52
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PhazonLink posted:I know Nice Polite Republicans/NPR is poo poo, but jesus gently caress at them not saying the obvious that Tesla is making GBS threads the bed because Musky cant shut the gently caress up, or that Buttcoins and their Winter is actual year 2 or 3 or winter and among other fin 101 things. My two favorite responses I've seen to the Tesla stock price making GBS threads the bed are https://twitter.com/DallanInvictus/status/1607850507871174656 and https://twitter.com/LemieuxLGM/status/1607788056140197888 That First Tweet posted:if the stock that formed the core of my personal wealth was massively overvalued solely because of my personal mystique, I would simply not spend $44 billion on a gigascale mystique-piercing machine and then permanently aim it at myself That Second Tweet posted:Constant MAGA shitposting and trolling when your core consumer base is educated urban liberals turns out to be not great for your massively overvalued business, who knew I don't remember how Elon was about butts specifically, but I know he had some "fun" with Doge, and scams are regularly using his likeness for the "send me some money and I'll give you back double" thing.
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Dec 30, 2022 02:02
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LOL, coffee got under his skin for real.
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Dec 30, 2022 02:04
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Does anyone know if the double cash back scam predates MMOs? I feel like it must, but I don't know the right combination of runes.
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Dec 30, 2022 02:07
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https://en.wikipedia.org/wiki/Advance-fee_scam The general idea of a scammer taking a smaller amount with the promise of returning a larger amount has been around forever, but I think the variant where the victim chooses the fee and is promised double that amount back may have started with MMOs
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Dec 30, 2022 02:19
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There were "mail me $5 and I'll send back $10" scams as long as dollars have existed.
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Dec 30, 2022 04:20
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repiv posted:https://en.wikipedia.org/wiki/Advance-fee_scam I can't possibly imagine anyone being stupid enough to fall for that.
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Dec 30, 2022 04:47
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Lammasu posted:I can't possibly imagine anyone being stupid enough to fall for that. My dad is a MIT educated engineer and fell for it. It was the craigslist variety where the prospective buyer "accidentally" overpays with a (stolen) check and asks for a refund of the overpayment (via good check).
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Dec 30, 2022 04:55
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Lammasu posted:I can't possibly imagine anyone being stupid enough to fall for that. people fall for those things all the time
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Dec 30, 2022 04:56
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Lammasu posted:I can't possibly imagine anyone being stupid enough to fall for that. my man you are in the bitcoin thread
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Dec 30, 2022 04:58
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