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PhazonLink
Jul 17, 2010
Bank man is going to tweet crime with his parents smart fridge.

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Parkingtigers
Feb 23, 2008
TARGET CONSUMER
LOVES EVERY FUCKING GAME EVER MADE. EVER.

Thesaurus posted:

is sbf an ape?

slurp it and find out

Horseshoe theory
Mar 7, 2005

https://twitter.com/unusual_whales/status/1650703990429204482?t=-hUg09v3jxfT8yUnIdYXfA&s=19

One Weird Trick to BEAT the SEC! The government hates it!

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Parkingtigers posted:

slurp it and find out

no you don't slurp the ape the ape slurps the juice! too many have died making this error

Star Man
Jun 1, 2008

There's a star maaaaaan
Over the rainbow

HootTheOwl posted:

GME has physically copies of games something you can't get online (or at release day). I don't know if that niche is big enough, but I'm real tired of downloading games only to have the market turn off and bricking my purchase

Embrace piracy and gently caress Nintendo.

Your games also tend to not have much if any data on them. Hard copies just end up being your license key. I have no qualms with anyone that prefers owning a physical version of their game and you have the advantage of being able to trade, sell, or lend them out.

Agents are GO!
Dec 29, 2004

Star Man posted:

Embrace piracy and gently caress Nintendo.

Buddy, they don't even let me gently caress Nintendo.

GhostofJohnMuir
Aug 14, 2014

anime is not good

looking at it, the suit is to compel the sec to draft rules on cryptocurrency markets. seems performative. first off coinbase petitioned for the creation of rules a year ago, and maybe the sec moves faster than other federal entities, but it doesn't seem unreasonable to take longer than a year to craft rules for an emerging security/commodity/currency/scam. secondly, the sec could also say "fine, the new rule is that cryptos are securities"

ellie the beep
Jun 15, 2007

Vaginas, my subject.
Plane hulls, my medium.

notwithoutmyanus posted:

It's implied from the article, pretty clearly that he hadn't done this poo poo with vpn and all that *on his own phone* if it was a dumbphone as you note - and that he used his parents phones to do it. Especially if Sam already has a basic brick phone then where the hell else did it come from? I guess it can be seen as grasping at straws but it doesn't seem that tenuous to me.

ohhhh okay this explains why it took so long for you to stop gleefully eating poo poo in the make fun of people who gleefully eat poo poo thread, your reading comprehension and sense of linear time is utterly hosed, here let me help

back in late january
  • sbf used a vpn and ephemeral messaging (signal) on his smartphone and laptop, and the prosecution complains to the judge that this is hosed up that sbf has such easy access to electronic devices that can trivially commit oodles and boodles of delicious mouthwatering crimes
then a few weeks pass because time in the legal system is much much slower
  • the judge agrees and says "hey sbf is now barred from having a smartphone and because hes such a clever boy to preventatively make sure that he doesnt use his parents phones we are going to add the following conditions to them, such as not using signal as well as installing special monitoring software that does X Y Z"
then a few weeks pass because time in the legal system is much much slower
  • sbf's lawyers document the absence of signal and installing monitoring software that does take X Y but turns out cannot do Z, but does both have a full keylogger and monitors when programs are installed and uninstalled and thus “We believe these restrictions are sufficient to prevent Mr. Bankman-Fried from using the Parents’ Phones to circumvent his bail conditions”
then a few weeks pass and we are now here, where
  • the judge just ruled, yeah thats cool <-------the actual subject of the article

FAQ
Did Sam use either of his parents' smartphones to contact a potential witness over signal?
No, Sam used his own smartphone to contact a potential witness over signal back in january

How did Sam use a dumbphone to contact a potential witness over signal?
Contacting a witness over signal happened back when he still had a smartphone; his currently having a dumbphone is a direct result of him contacting a witness over signal

So if Sam has his own smartphone, why did he use his parent's phone to contact a potential witness over signal?
He didn- it doesn- wh- what? dude seriously what the gently caress is wrong with you

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
hi sam, hope you've been eating plenty of shrimp

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.
You can buy physical games from Amazon too, and I'm pretty sure other places even in the USA. Hell, down here JB Hi-Fi usually has them at least ten bucks cheaper than EB.

The BBBY thing is basically a cargo cult of a cargo cult.

Blade Runner
Aug 14, 2015

Taking the stance of "sbf didn't do this crime" seems like a poor choice no matter what the crime

Durzel
Nov 15, 2005


Cyrano4747 posted:

They don't. There's no valuable asset there. If there was a part of the company that, freed of the anchor of the under-performing parts, could be profitable today then it would continue being. It would be owned by the creditors, it would be restructured into something new, but it would trundle forward.

When you reach this point a loving LOT of people who want to make money have spent a lot of time looking at you and trying to figure out if there's any way to make money with your business and came to the conclusion: "lol nope."
There's a popular narrative that BBBY will be carved up and buy buy BABY - or some hybrid of it - will emerge and apes will for ~reasons~ get 1:1 stock in this new company. Like the administrators will look at this list of unsecured creditors who are way down the pecking order and think "these guys are all round good eggs, let's save some money for them, they deserve some shares in this brand new company that is trying to shed its debts".

It'll also never not be funny that Ryan Cohen (and Carl loving Icahn) is seen by this group as messiahs - when one of them literally dumped his bag on them at the peak and very clearly knows how to work these morons into a frenzy to pump his poo poo whenever he wants (see: Nordstrom).

HappyHippo
Nov 19, 2003
Do you have an Air Miles Card?
gently caress the hedge fund vulture capitalists! loving scum

Save us Carl Icahn!

HJE-Cobra
Jul 15, 2007

Bear Witness

Hell Gem
clearly Bed Bath and Beyond just had too much, they need to cut out one of those. Probably just limit yourselves to Bed and Bath, cut out the Beyond. cost-reduction, it's smart.

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.
But then where will we get our reality altering remotes?

HootTheOwl
May 13, 2012

Hootin and shootin
Finally, an Iraqi Dinar scam that can still get me an Air Fryer!

Jean-Paul Shartre
Jan 16, 2015

this sentence no verb


Blade Runner posted:

Taking the stance of "sbf didn't do this crime" seems like a poor choice no matter what the crime

So that's who Jack the Ripper actually was!

notwithoutmyanus
Mar 17, 2009

ellie the beep posted:

ohhhh okay this explains why it took so long for you to stop gleefully eating poo poo in the make fun of people who gleefully eat poo poo thread, your reading comprehension and sense of linear time is utterly hosed, here let me help

You could have said "you got the timeframe wrong and came to the wrong conclusion" with a lot less words, you know. I was wrong. It's not complicated. If you think I'm not eating poo poo every day for deciding to have touched crypto in the first place, I just remind you that I don't live for somethingawful so I'm not exactly posting all the time. I just post when I see dumb poo poo come up in crypto circles.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
sbf, while on a vegan diet, ate several shrimp a day for a year and a half, by accident

PurpleXVI
Oct 30, 2011

Spewing insults, pissing off all your neighbors, betraying your allies, backing out of treaties and accords, and generally screwing over the global environment?
ALL PART OF MY BRILLIANT STRATEGY!

Boxturret posted:

sbf, while on a vegan diet, ate several shrimp a day for a year and a half, by accident

W- wh- hhhhhhh? How the gently caress do you eat shrimp "by accident"?

Foo Diddley
Oct 29, 2011

cat
he thought they were vegan

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
he thought the shimp just fried the rice :cry:

coolusername
Aug 23, 2011

cooltitletext
Shrimp are vegetables.

istewart
Apr 13, 2005

Still contemplating why I didn't register here under a clever pseudonym

PurpleXVI posted:

W- wh- hhhhhhh? How the gently caress do you eat shrimp "by accident"?

amphetamines are a hell of a drug

latinotwink1997
Jan 2, 2008

Taste my Ball of Hope, foul dragon!


No vegan diet, no vegan powers!

Rinkles
Oct 24, 2010

What I'm getting at is...
Do you feel the same way?

Foo Diddley posted:

he thought they were vegan

they eat worms/larvae

ElGroucho
Nov 1, 2005

We already - What about sticking our middle fingers up... That was insane
Fun Shoe
I'm going to start placing a $25 bet on a Total Market Index Fund every time I see bitcoin news

and then i'm going to HODL for the next 40 years, just to prove how stupid people who invest in the stock market are

I hope that opens everyone's eyes to how very stupid fiat money is when I withdraw that cash and can only buy myself a comfortable retirement instead of a bunch of cool Bored Apes

ellie the beep
Jun 15, 2007

Vaginas, my subject.
Plane hulls, my medium.

notwithoutmyanus posted:

You could have said "you got the timeframe wrong and came to the wrong conclusion" with a lot less words, you know. I was wrong. It's not complicated. If you think I'm not eating poo poo every day for deciding to have touched crypto in the first place, I just remind you that I don't live for somethingawful so I'm not exactly posting all the time. I just post when I see dumb poo poo come up in crypto circles.

i did say that in my initial response

you then doubled down in saying you werent wrong and that you had great reading comprehension, then picked out two quotes from the article that didnt support your allegations

Tunicate
May 15, 2012

PurpleXVI posted:

W- wh- hhhhhhh? How the gently caress do you eat shrimp "by accident"?

Misunderstood someone posting about bitcoin whales, started filter feeding

LostCosmonaut
Feb 15, 2014

mistook the shrimp for pastries

Blotto_Otter
Aug 16, 2013


GhostofJohnMuir posted:

looking at it, the suit is to compel the sec to draft rules on cryptocurrency markets. seems performative. first off coinbase petitioned for the creation of rules a year ago, and maybe the sec moves faster than other federal entities, but it doesn't seem unreasonable to take longer than a year to craft rules for an emerging security/commodity/currency/scam. secondly, the sec could also say "fine, the new rule is that cryptos are securities"

Coinbase's chief legal officer (who is still sporting a NFT profile pic and .eth handle in April of 2023) has a passive-aggressive blogpost up over it, which links to their July 2022 petition to the SEC, and after glancing that it for the first time... yeah, you'd have to get a court order to force me to waste the time it would take to write a response to that overly long pile of misdirection. i'm no lawyer but it remains painfully obvious that all this whining about "lack of clarity" is an attempt to demand new rules because they simply don't like the old rules.

This all feels like the tech company equivalent of sovereign citizen bullshit, they're more or less arguing that securities regulations don't apply because their securities have a gold fringe around them are "digitally native", and since the Securities Exchange Act of 1934 was originally written on paper, your honor, therefore it can only apply to the kinds of securities originally printed on paper, not securities encoded in the BLOCKCHAIN

jokes
Dec 20, 2012

Uh... Kupo?

The lack of clarity and asking for new rules to be drafted is for them to position that their ongoing fraud wasn't fraud when they did it because at the time cryptocurrency rules hadn't been drafted. If a judge or the SEC were to say that cryptocoins are securities, that's loving hard as poo poo to weasel out of, whereas if they say crypto was always something else they can both be absolved of their ongoing fraud and pivot to a different/legitimate legal position where they can use their ill-gotten gains to lobby in favor of whatever they want. It's loving hard to, at this point, change securities laws.

It's never been about being free from government or whatever, they just wanted to be the guys that have everything before the rules are established. Like bankers in the 1900s. They see no issue with government regulation, etc., their only problem is that they don't currently control everything.

drk
Jan 16, 2005
I skimmed through their petition, and yeah it seems like their whole argument is "hey these tokens cant be securities because it would be bad for our business model".

The SEC already outlined why they think several tokens that Coinbase currently lists are securities in the Bittrex complaint a few weeks ago. Mostly they use the howey test, so when a group of people 1) sells a token to raise money 2) to be used to develop a cypto-thing 3) with the expectation that token will raise in value following the development work.... buddy, you've got a security. Coinbase naturally finds this inconvient, but it seems pretty straightforward. I dont think their lawsuit is going to go the way they hope.

deep dish peat moss
Jul 27, 2006


Lol that it opens with "It's extremely unfair that the SEC has given us no notice that they plan to categorize digital assets as securities" followed immediately by "the SEC gave us formal written notice that they plan to categorize digital assets as securities, but that's not fair."

jokes
Dec 20, 2012

Uh... Kupo?

drk posted:

I dont think their lawsuit is going to go the way they hope.

This can be said of basically everything in crypto-world. The only people who will make money on crypto already made money on crypto by selling their crypto.

istewart
Apr 13, 2005

Still contemplating why I didn't register here under a clever pseudonym

I have to wonder if they would even bother with the SEC lawsuit if they weren't already publicly traded, and thus subject to shareholder lawsuits. At some point, even for the most dedicated scammer, it's time to roll it up and move on to the next scam. Of course, making a big public spectacle out of "sticking it to the man" and appearing to defend the rapidly declining shareholder value is an important part of these guys preparing their landing spots for the next scam.

Blotto_Otter
Aug 16, 2013


jokes posted:

It's never been about being free from government or whatever, they just wanted to be the guys that have everything before the rules are established. Like bankers in the 1900s. They see no issue with government regulation, etc., their only problem is that they don't currently control everything.
half of the sales pitch for "crypto" in general is being free from government and the (regulated) banking system. Coinbase's clientele and management is riddled with libertarian-brained dudes who loved gold bars and Ron Paul a decade ago, and are in love with crypto now partly because it scratches a similar itch. Cryptocurrency in general appeals to right-wingers because of its purported potential to exist outside of government control and oversight, which IMO makes it rare to find something touching crypto that isn't at least a little bit about subverting government oversight and regulation for profit. In Coinbase's case, I don't see how they can build an entire business model predicated on ignoring a huge existing area of government regulation, and then credibly push the framing that except for those teeny-tiny bits of government regulation they've flaunted, they're A-OK with government regulation in principle.

"The continued existence of crypto as we know it" and "good government policy/regulations" are mutually exclusive, is what I'm getting at, I think.

jokes
Dec 20, 2012

Uh... Kupo?

Alienating the original suckers isn't anywhere as important in a ponzi scheme as pulling in new ones. If the government creates regulation, that creates an illusion of safety, something that prompts people who were on the sidelines to jump in, something that brings in fresh blood. Ponzi schemes need fresh blood, the old blood don't cut it no more-- they're about tapped out on finding new dumbfuck techbros and libertarians on TikTok or whatever.The SEC not regulating it is actually very effective in killing crypto.

Ideally, crypto wants a lot of regulation that it steers because it allows them to take fresh suckers' money while also not having to work very hard.

And if you're curious how in the gently caress crypto can survive if its highly regulated, casinos makes more money operating as "legitimate businesses" under the watchful eye of gaming commissions and regulators than they ever did running back-room deals. They used to only appeal to gamblers, now everyone gambles. Banks make more money today fixing the market with high costs of entry and ongoing regulation/compliance than they ever did buying scratchers in the 20s.

Losing the message of the con that it's about privacy/deregulation/banking the unbanked will do absolutely nothing to kill enthusiasm for a ponzi scheme. This is because, at its core, crypto is a game about finding suckers-- full stop.

Strong Sauce
Jul 2, 2003

You know I am not really your father.





the sbf ate shrimp while on a vegan diet was a hoax headline....


edit:
https://www.thedailybeast.com/ftx-founder-sam-bankman-fried-admits-he-gave-dark-money-to-the-gop-and-has-one-credit-card-left

quote:

Adding to the mystery was a viral photo of what looked like a New York Times headline, declaring that SBF “‘May Not Have Been Vegan’ for at Least Last 17 Months.” (“Emails and text messages reveal the 30-year-old entrepreneur may have ‘accidentally’ eaten as many as 3,000 shrimp,” the purported subhead read.)

Unsurprisingly, this turned out to be a farce.

“The picture going around was a joke,” Bankman-Fried tweeted Thursday. “I’m still vegan.”

https://www.reuters.com/article/fac...p-idUSL1N32W19B

quote:

A fabricated headline matching the style of The New York Times claiming that the FTX founder Sam Bankman-Fried mistakenly ate 3,000 shrimp duped some online.

The supposed headline reads: “Bankman-Fried ‘May Not Have Been’ Vegan for at Least Last 17 Months.” The alleged sub-headline reads: “Emails and text messages reveal the 30-year-old entrepreneur may have ‘accidentally’ eaten as many as 3,000 shrimp in a ‘menu mix-up’ blamed on ‘outside food procurement issues’”.

Although the screenshot does not feature The New York Times masthead, the typography and style of the supposed headline matches that of the newspaper.

Strong Sauce fucked around with this message at 00:15 on Apr 26, 2023

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kw0134
Apr 19, 2003

I buy feet pics🍆

jokes posted:

Alienating the original suckers isn't anywhere as important in a ponzi scheme as pulling in new ones. If the government creates regulation, that creates an illusion of safety, something that prompts people who were on the sidelines to jump in, something that brings in fresh blood. Ponzi schemes need fresh blood, the old blood don't cut it no more-- they're about tapped out on finding new dumbfuck techbros and libertarians on TikTok or whatever.The SEC not regulating it is actually very effective in killing crypto.

Ideally, crypto wants a lot of regulation that it steers because it allows them to take fresh suckers' money while also not having to work very hard.

And if you're curious how in the gently caress crypto can survive if its highly regulated, casinos makes more money operating as "legitimate businesses" under the watchful eye of gaming commissions and regulators than they ever did running back-room deals. They used to only appeal to gamblers, now everyone gambles. Banks make more money today fixing the market with high costs of entry and ongoing regulation/compliance than they ever did buying scratchers in the 20s.

Losing the message of the con that it's about privacy/deregulation/banking the unbanked will do absolutely nothing to kill enthusiasm for a ponzi scheme. This is because, at its core, crypto is a game about finding suckers-- full stop.
If much of crypto land is a security (and it is) then there exists heavy regulation -- it's that complying with it will kill the scam. Coinbase would prefer to be regulated under a wholly new regime that runs parallel to securities that they're totally not because it's *~digital~* and has a million fewer restrictions, because otherwise it can't function.

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