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I have a couple really really old Chinese coins, they aren't worth anything because shockingly they made a lot of them back then.
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Jul 17, 2023 21:45
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I don't know what this is supposed to be, but it is clearly a shitcoin. I've never even heard of this one. https://twitter.com/SiamKidd/status/1680726068456562689
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Jul 18, 2023 00:19
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notwithoutmyanus posted:I don't know what this is supposed to be, but it is clearly a shitcoin. I've never even heard of this one. https://twitter.com/SiamKidd/status/1680726068456562689 I can’t tell where the Reimann zeros show up on that line…maybe they’re in the TimeCube?
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Jul 18, 2023 00:27
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"Human behavior never changes, and is never unpredictable  " - an investor who is definitely not about to lose everything
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Jul 18, 2023 00:41
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deep dish peat moss posted:"Human behavior never changes, and is never unpredictable i mean, it's not wrong, but the predictable thing is that someone is going to do something incredibly stupid, it's just he hasn't noticed yet that nobody else in the room is the one doing it
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Jul 18, 2023 02:28
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from the comments i cant tell if these people are lovely grifters or actually think theyve unlocked some sort of magic pattern recognition powers that are going to earn them <checks math> 170x returns on this shitcoin i looked it up and its a newish coin that proudly advertises being proof of work, because wasting energy is actually good
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Jul 18, 2023 03:36
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mmmm you can really taste the burnt graphics cards in every bite, artificial pos coins just don't have the same taste.
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Jul 18, 2023 03:42
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The next big thing is going to be pasting your chart into Photoshop and outpainting it with AI for a super accurate price prediction.
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Jul 18, 2023 04:10
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chatgpt, what coins should I buy?
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Jul 18, 2023 04:21
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bribing my gpt-based robot captor with crypto, knowing its database stopped in 2021 and it never heard LUNA is worthless
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Jul 18, 2023 05:02
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AI has one flaw: it believes in crypto
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Jul 18, 2023 05:22
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drk posted:from the comments A lot of the crypto circle people will start the hypothesis on some market cap targets and work their way back to justify the initial goalposts, and move them at will from the metaphorical southern icecap to the northern at will. It's pie in the sky stuff all the time.
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Jul 18, 2023 05:41
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notwithoutmyanus posted:A lot of the crypto circle people will start the hypothesis on some market cap targets and work their way back to justify the initial goalposts, and move them at will from the metaphorical southern icecap to the northern at will. Have fun being poor. I'll be obeying the cardano fractal...
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Jul 18, 2023 05:58
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Boxturret posted:I have a couple really really old Chinese coins, they aren't worth anything because shockingly they made a lot of them back then. How old? Like, pre communist old?
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Jul 18, 2023 06:02
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coolusername posted:https://twitter.com/offlinecashco Step 1 for "offline cash" is.... go online and download an app 
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Jul 18, 2023 06:03
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I think he means copper cash. 1000+ year-old coins are worth surprisingly little because a) they were made in such quantity and b) they survive being buried for a milennium much better than other artifacts.
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Jul 18, 2023 06:03
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Yeah the little copper ones with a square hole in them, I did look up when they would have been made, I can't recall now but it was centuries ago.
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Jul 18, 2023 06:06
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Boxturret posted:Yeah the little copper ones with a square hole in them, I did look up when they would have been made, I can't recall now but it was centuries ago. the square hole is where the qr code goes, if it is missing the coin has already been spent
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Jul 18, 2023 06:09
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The Lone Badger posted:I think he means copper cash. same is true for jewelry, this 2000 year old roman gold ring just sold for under $6000 at christies, which is a lot less than a lot of stuff you'll see at the mall 
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Jul 18, 2023 06:13
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Not that you couldn't probably get something for them to coin collectors, especially if you can identify a particular time or place they're from. Or just start your own. Coins are pretty cool, and a great way to trace history.Boxturret posted:Yeah the little copper ones with a square hole in them, I did look up when they would have been made, I can't recall now but it was centuries ago. I'm pretty sure China's been using that style of coin for ever in some form or another. The hole means they're lightweight and can be tied in a roll on a string or a ribbon. When you have a huge country with a ton of people by any standard, helps to have currency that's cheap to make and easy to store and carry in large quantities.
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Jul 18, 2023 06:55
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Same with modern jewellery, which is mostly an outright scam of inflated "perceived value". Perfectly apt for this thread. I had a friend who used to work in the London jewellery pawnshops, where they still make jewellery for retail. In our company he hooked everyone up with cheap wedding and engagement rings, as he still knew all the jewellers and would do a bit of part-time work to keep his hand in. I got a diamond ring, set in platinum, as my ex-wife always wanted a ring and I was too poor when we met to buy one then. My mate got it for £1300 for me, made special to my specifications. That price covered material costs, the work, and both the jeweller and my mate were getting money in their pocket from it. Took it along to a local shop for an official appraisal, for insurance purposes, and they said it was "worth" £2850. That was the amount of completely artificial mark-up they add to rings sold at retail. But the thing is this, those rings aren't worth £2850. Try and sell one, it's impossible. Hell, that ring I bought at "mates rates" with all the retail margin removed, it would have been impossible to sell it even privately for the £1300 I paid for it, let alone the £2850. The only rings people buy privately are the older antique ones, otherwise they just get their own custom ring made (if they are smart) or buy full price at retail like all the other suckers tricked into the "three months wages" marketing bullshit of the diamond industry. The only way to ever get the money back on a ring would be an insurance scam, because the only legitimate way to sell the ring is to the pawnshop jewellers, and they only give you the trade cost of the raw materials. They just do not buy a ring, to sell the ring as is. They melt it back down and remake it, and reset the stones, because the making of a ring is easy for them to do and has no retail value, so that "three months wages" engagement ring is only truly worth the trade price of the stones and metals. Even then the jewellers feel like they are doing you a favour by taking it off your hands. The sketchier places obviously pay less than the trade price of the raw materials because everyone wants profit. Anyway, in the case of that Roman gold ring, someone there is probably paying like 5k extra just because it's got 2000 year old Roman craftsmanship to it, and there's not going to be many like it that show up. It's a pure novelty for a history obsessed nerd, like someone who pays a fortune for a china cup brought up from the Titanic wreck. tl;dr - don't buy diamond rings they are just as much a scam as crypto
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Jul 18, 2023 13:00
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Thesaurus posted:Have fun being poor. I'll be obeying the cardano fractal... Excuse me no. It’s OBEYING the CARDANO FRACTAL
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Jul 18, 2023 13:10
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Parkingtigers posted:My mate got it for £1300 for me, made special to my specifications. Took it along to a local shop for an official appraisal, for insurance purposes, and they said it was "worth" £2850. That was the amount of completely artificial mark-up they add to rings sold at retail. I mean yes diamond rings are a scam, I don't think that anyone here disputes that, but you do know that pretty much every diamond ring is appraised for twice the purchase price right? I could walk into any of the big jewelers today and drop $5k on a ring that appraises for $10k which I couldn't sell for more than $3k. Just so people know because I've seen the appraisal value used in scams for people that don't know that rule of thumb.
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Jul 18, 2023 14:00
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Scratch Monkey posted:Excuse me no. It’s OBEYING the CARDANO FRACTAL I love that these damned grifters don't even bother with error bars, as apparently they can perfectly predict human behavior in economic systems now? Which is a sure sign its bunk.
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Jul 18, 2023 14:02
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Former SEC lawyer (very tech minded) on why the ripple ruling was stupid. It's long, well cited, and worth a read. https://www.linkedin.com/pulse/ripple-decision-cause-crypto-celebration-momentarily-best-stark/ some choice quotes: John Stark sec lawyer posted:Securities laws were specifically designed to protect individual investors, based on the idea that they can’t fend for themselves and that ripping off investors can cause cataclysmic market events (like the crash of 1929). The Ripple decision turns this notion on its head.
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Jul 18, 2023 15:00
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Tunicate posted:same is true for jewelry, this 2000 year old roman gold ring just sold for under $6000 at christies, which is a lot less than a lot of stuff you'll see at the mall ngl, I'd like to own some ancient jewelry. seems like at least some kind of investment in a tangible thing...unlike loving bitcoin LMAO!
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Jul 18, 2023 15:05
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notwithoutmyanus posted:Former SEC lawyer (very tech minded) on why the ripple ruling was stupid. It's long, well cited, and worth a read. https://www.linkedin.com/pulse/ripple-decision-cause-crypto-celebration-momentarily-best-stark/ Yeah, I have talked to a couple of lawyers who know this area fairly well and universally what I hear is: this opinion makes no loving sense, even if you are a CRYPTO ARENT SECURITIES kind of person. You could much more plausibly argue XRP is not a security than this odd baby-splitting decision where something is a security when sold to highly sophisticated parties (that securities law doesn't care about protecting) but is not a security when those bags are dumped on retail holders (the precise people who securities law cares about). It's either a security in both cases or in neither. It seems highly likely to be reversed on appeal (and once the SEC appeals Ripple will appeal too) and its not binding on anyone else and likely to be ignored by other courts.
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Jul 18, 2023 15:11
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As always, Matt Levine has the best words for this:Matt Levine posted:That is: If you go around making public statements, on your website and on Reddit and elsewhere, saying things like “if you buy our token we will use the money to build an ecosystem and make the token more valuable,” that makes your token a security, but only to people who are sophisticated enough to read your website. Sophisticated institutional investors who read your disclosure documents and understand that they are making an investment in your business are entitled to the protections of the securities laws, while random retail day-traders who just like your ticker symbol are not. You cannot be doing securities fraud on them, because they are not paying attention.
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Jul 18, 2023 15:25
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Lord Stimperor posted:It is a very secure and theoretically tamperproof system of keeping records. But not for something that needs to be accessed very often.
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Jul 18, 2023 17:52
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Herman Merman posted:Except not in reality since it's so easy to DOS it or fool the users into installing a malicious client The flaw is always in the implementation that creates a vulnerability. And without a centralized source to appeal to, there is no recourse. And woops, now I send all my money into the void.
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Jul 18, 2023 17:57
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Parkingtigers posted:Same with modern jewellery,
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Jul 18, 2023 18:02
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Markets always obey the Ligma Fractal. Say, want to go 50:50 on a sweet opportunity? I'll need your share up front to secure...
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Jul 18, 2023 18:37
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If Bitcoin and NFTs had succeeded they would be studying the CUM COIN double cuck musk quadrangle in economics school.
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Jul 18, 2023 19:34
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Scarodactyl posted:No offence, but of course you can't resell a used, retail-bought item for what you bought it for. That isn't why the diamond market is a scam. The appraisal also isn't 'what can this be sold for', it gives an assessment of what the ring is and a sort of hypothetical value that is meaningful for insurance purposes, though I agree that system is weird and intentionally opaque at best. The diamond market has rough similarities to NFTs in that it relies on manipulating the public perception of value while artificially constraining supply. I haven't checked recently, but I know for a long time the chief executives from De Beers weren't able to visit the US because they would be arrested for antitrust violations or something along those lines.
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Jul 18, 2023 19:38
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https://twitter.com/molly0xfff/status/1681375022298824726?s=46&t=CBKJcBX0BD3U5HgUdsqBtw
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Jul 18, 2023 20:02
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CaptainSarcastic posted:The diamond market has rough similarities to NFTs in that it relies on manipulating the public perception of value while artificially constraining supply. I haven't checked recently, but I know for a long time the chief executives from De Beers weren't able to visit the US because they would be arrested for antitrust violations or something along those lines.
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Jul 18, 2023 20:27
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You just know someone out there received an ape as a wedding proposal, and the guy is probably drinking soylent alone in a basement right now Speaking of Soylent, how the hell are people still apparently buying this poo poo? It came off as a joke product to me initially due to the Soylent Green connection, and then all the lead an cadmium issues lol  vvv
Mercury_Storm fucked around with this message at 20:48 on Jul 18, 2023 |
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Jul 18, 2023 20:37
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Mercury_Storm posted:You just know someone out there received an ape as a wedding proposal, and the guy is probably drinking soylent alone in a basement right now  posting a link to a tweet just has a screenshot doesn't really make sense in these times does it
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Jul 18, 2023 20:45
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What does TA mean there?
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Jul 18, 2023 20:48
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Boxturret posted:
so that's the wife changing amount of money they were talking about zetamind2000 fucked around with this message at 20:55 on Jul 18, 2023 |
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Jul 18, 2023 20:49
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