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notwithoutmyanus
Mar 17, 2009
lmao, crypto evangelist:

https://twitter.com/ZssBecker/status/1700559347527368926

Becker: It's not that I love Bitcoin, it's clearly that the *checks notes* USA is the problem!

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Pink Mist
Sep 28, 2021

notwithoutmyanus posted:

lmao, crypto evangelist:

https://twitter.com/ZssBecker/status/1700559347527368926

Becker: It's not that I love Bitcoin, it's clearly that the *checks notes* USA is the problem!

Crypto is the currency of the future, it’s just that it needs to generate profit or nobody will use it

Offler
Mar 27, 2010
I like the big brain thinking that goes "inflation = bad, that must mean that deflation = good"

I'm sure that there are no issues at all with a currency designed to be deflationary where people are incentivised to hoard their wealth.

Olanphonia
Jul 27, 2006

I'm open to suggestions~

Offler posted:

I like the big brain thinking that goes "inflation = bad, that must mean that deflation = good"

I'm sure that there are no issues at all with a currency designed to be deflationary where people are incentivised to hoard their wealth.

It's the kind of thinking that just full on stops after their initial impression. "Wow, so inflation is when my money is worth less? I want my money to be worth more. I will not be examining how this might affect literally anything else.'

Vesi
Jan 12, 2005

pikachu looking at?

Pink Mist posted:

Crypto is the currency of the future, it’s just that it needs to generate profit or nobody will use it

as soon as we find a use for this thing it'll get huge!

notwithoutmyanus
Mar 17, 2009

Offler posted:

I like the big brain thinking that goes "inflation = bad, that must mean that deflation = good"

I'm sure that there are no issues at all with a currency designed to be deflationary where people are incentivised to hoard their wealth.

Not to even acknowledge that Bitcoin actually is inflationary in that it adds more butts from nothing. It's just the amount of butts added reduces with time. So even the narrative of Bitcoin being deflationary they push is false.

cruft
Oct 25, 2007

Vesi posted:

as soon as we find a use for this thing it'll get huge!

I said these exact words to my wife on our wedding night!

There Bias Two
Jan 13, 2009
I'm not a good person

cruft posted:

I said these exact words to my wife on our wedding night!

Sorry about your waistline

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

cruft posted:

I said these exact words to my wife on our wedding night!

Okay goatse man

Time_pants
Jun 25, 2012

Now sauntering to the ring, please welcome the lackadaisical style of the man who is always doing something...

Olanphonia posted:

It's the kind of thinking that just full on stops after their initial impression. "Wow, so inflation is when my money is worth less? I want my money to be worth more. I will not be examining how this might affect literally anything else.'

Straight up. "I could die if I get too hot, so that must mean I get healthier the colder I get!"

Scratch Monkey
Oct 25, 2010

👰Proč bychom se netěšili🥰když nám Pán Bůh🙌🏻zdraví dá💪?

Rad Russian posted:

You get to a special level where only accredited investors can legally trade and only through very specific middlemen who deal with cash and a paper trail of stock handoffs - no more digital exchanges are involved.

Why does this even exist? Who buys these sorts of stocks and why?

zedprime
Jun 9, 2007

yospos

notwithoutmyanus posted:

Not to even acknowledge that Bitcoin actually is inflationary in that it adds more butts from nothing. It's just the amount of butts added reduces with time. So even the narrative of Bitcoin being deflationary they push is false.
You're forgetting the good for Bitcoin fact: cryptography is so hard to use correctly there is a burn rate on butts that is expected to cancel out the production if not now then eventually.

Scratch Monkey posted:

Why does this even exist? Who buys these sorts of stocks and why?
Radical hedges buying the stock market equivalent of scratch off tickets. Sometimes they turn a cushion upside down during bankruptcy proceedings and find pennies per stock.

CaptainSarcastic
Jul 6, 2013



notwithoutmyanus posted:

lmao, crypto evangelist:

https://twitter.com/ZssBecker/status/1700559347527368926

Becker: It's not that I love Bitcoin, it's clearly that the *checks notes* USA is the problem!

quote:

Gaming atm has the best chance to be the first crypto niche to achieve real demand.

Yeah, I guess they missed how influencers dropped that event which turned out to have crypto involved like it was the loving demon core.

Sophy Wackles
Dec 17, 2000

> access main security grid
access: PERMISSION DENIED.





The entire economy collapses and risk assets stay “in stasis”. Sound financial advice.

PhazonLink
Jul 17, 2010
lol at buttcoin gaming.

the genre where they "pay" game mills to output the most basic cookiecutter garbage and then staple some CO2 generating , csam supporting coin garbage.

Thorgot
Apr 4, 2010
Ken Griffin’s Secret War on ‘Dumb Money’

quote:

As the credits rolled and the audience applauded, I wondered what Ken Griffin—the Wall Street titan, billionaire proprietor of the Citadel hedge fund, and an alleged villain of the GameStop saga—thought of the film. You won’t believe this, but he’s not a fan.

Like, really not a fan. I’ve since learned that Griffin is locked in a nasty behind-the-scenes legal fight with Sony Pictures over his depiction in Dumb Money, which is set to begin its theatrical roll-out on Friday. Griffin has hired at least two separate law firms and sent multiple threatening letters, one of which I obtained, and he’s consulting with crisis P.R. people to push back aggressively on his depiction by actor Nick Offerman and the filmmaking team. Griffin claims the movie “crosses the line into the knowingly false and defamatory portrayal of Ken and Citadel Securities,” according to the letter sent to Sony Pictures general counsel Leah Weil by well-known media attorney Tom Clare, who is joined by Quinn Emanuel partner Bill Burck.

...
Ken, you're just making me want to see it more...

LanceHunter
Nov 12, 2016

Beautiful People Club


Thorgot posted:

Ken Griffin’s Secret War on ‘Dumb Money’

Ken, you're just making me want to see it more...

I mean, the movie is lionizing the scammer whose pump-and-dump created the whole GameStop/BBY cult. But it would definitely be better for these guys if they just shut the gently caress up and let Dan Olson's upcoming video do the work of deflating the movie for them.

Jakabite
Jul 31, 2010
I hate this this movie is coming out.

Anyway, isn’t the BBBY MOASS meant to be tomorrow? Anyone know if there’ll be a particular moment it becomes clear they’ve been had? I’d like to watch the chaos unfold with my own two eyes if possible

Cyrano4747
Sep 25, 2006

Yes, I know I'm old, get off my fucking lawn so I can yell at these clouds.

Jakabite posted:

I hate this this movie is coming out.

I don't. The vast, vast, VAST majority of people aren't even going to want to watch a youtube video of some nerd who used to do media criticism deep diving on why butts or stonks are bad. As much as I love Dan Olson, even his stuff is a hard sell for your average, normal person. Doubly so a boomer who is coming late to the game because CNN started reporting on Gamestock and wants to know what's up.

Basically, the same people who had to wait until 2015 and The Big Short to go "huh, 2008 was kinda hosed up and wall street hosed us, huh?"

If it takes Nick Offerman twirling his moustache and cackling right before doing a 4th wall break to turn to camera and explain that he's about to scam these suckers out of their retirements for those people to start to have their ah ha moment with meme stocks? loving go for it.

poor waif
Apr 8, 2007
Kaboom

Jakabite posted:

I hate this this movie is coming out.

Anyway, isn’t the BBBY MOASS meant to be tomorrow? Anyone know if there’ll be a particular moment it becomes clear they’ve been had? I’d like to watch the chaos unfold with my own two eyes if possible

The court hearing starts at 2:30 PM EST, so around then.

LanceHunter
Nov 12, 2016

Beautiful People Club


Cyrano4747 posted:

I don't. The vast, vast, VAST majority of people aren't even going to want to watch a youtube video of some nerd who used to do media criticism deep diving on why butts or stonks are bad. As much as I love Dan Olson, even his stuff is a hard sell for your average, normal person. Doubly so a boomer who is coming late to the game because CNN started reporting on Gamestock and wants to know what's up.

Basically, the same people who had to wait until 2015 and The Big Short to go "huh, 2008 was kinda hosed up and wall street hosed us, huh?"

If it takes Nick Offerman twirling his moustache and cackling right before doing a 4th wall break to turn to camera and explain that he's about to scam these suckers out of their retirements for those people to start to have their ah ha moment with meme stocks? loving go for it.

The problem is that, by all accounts, the movie is completely buying in to the conspiracy-theory bullshit. So it won't be Nick Offerman's character talking about how the dumb money are the exit liquidity and will ultimately be bag-holders, it'll be him calling a (Democratic) congressman and telling him to have Robinhood turn off the buy button and strangling the "revolution" in its crib.

ryde
Sep 9, 2011

God I love young girls
Yeah, the problem is that the movie (based on initial hear-say) seems far too credulous about the apes' mythology. Even setting the movie aside, people seem to be uncritically accepting talking points like "Griffin made Robinhood turn off the buy button" and "hedge funds lost to retail" which are not true things.

Cyrano4747
Sep 25, 2006

Yes, I know I'm old, get off my fucking lawn so I can yell at these clouds.

oh.


ooooooh.

lol. Goddamn.

Strong Sauce
Jul 2, 2003

You know I am not really your father.





I'm watching an early screening of the Dumb Money movie on Wednesday. I'll let you guys know how bad it is.
--------------------------------------------------------------------------------------------------------


I caught another movie last week. The movie was from China and had been doing well there. The movie was called No More Bets. (Spoilers and Content Warnings...)

I guess I should have taken the title at face value because while the movie technically was about human trafficking, where mostly Chinese citizens were being kidnapped and forced to work in the scam industry.. it was also a huge Chinese propaganda piece about how Gambling is morally wrong.

Even as the Gambling Mod of these dumb gay forums, I don't have any qualms about people saying gambling is bad. Because like any other vice if you get too deep it is bad! But man China basically injected a new movie 30 minutes into this one to morally wag its finger at the audience. Previously you were focused on 2 main characters, then all of a sudden this new main character comes.. and boy is he addicted to gambling!

First they thought how moral he was before he got addicted. He is currently working an internship or some college summer job out of his apartment his parents gave to him. It is a group that does subtitling for movies and the Scam Company wants them to add their Casino into the subtitles? I'm guessing they want him to add an advert to the beginning of the show but I'm not sure how much leeway the subtitle contracting team has over ad placement.

Anyways the guy is too upright and moral to allow it, even though it will earn his small little team some nice money doing so. But of course... he decides to, "try out" the casino while dropping off his girlfriend at school.

First he starts small, winning a lot. He's winning because the scammers want him to win. Apparently a "student about to graduate and maybe eventually find a job" is high on their list of BIG WHALES they need to entice. But it works! He eventually takes out a high interest loan to... pay for a fancy flute for his girlfriend, then he continually bets on sports matches and also speculates on cryptocurrency. He makes really terrible sports bets but it doesn't matter! He's too addicted.

Eventually the loan sharks come and harass his parents. He goes over and they're yelling and screaming about the loan. They throw the parent's dog out of the apartment window. He eventually sells his fancy car to pay off his loan.

His parents try to hide his mobile, but this leads to yet another scene where he asks his girlfriend to place a bet for him using her phone. She says she's made it except when his bet on a soccer match wins she tells him she didn't place the bet and he freaks out on her, pushing all the plates off a table and then eventually pushing her. He's really sorry.

Eventually not having his mobile to place bets is too much for him so he goes to his parent's apartment, locks his mom in his room. His room door still has busted glass from when the loan sharks were there. He uses his parent's laziness at cleaning up to his advantage by threatening to slit his throat if his mom doesn't give him the combo to the safe where his phone is. But that's also where she left bundles of renminbi. This is kinda laughable since the largest bill is 100 yuan and something like 700 yuan = $100. So bundles are still lots of money but like... 1/7th of what it is in US Dollars. He takes those too. He has a plan.

The coup de grace is the guy takes the bundles, sells off his apartment, and dumps it into.. Ethereum. The scammers claim they're going to put it into some cryptocurrency that will go up and he needs to trust and give them all his money in Ethereum.

They obviously withdraw all the money and block him on WeChat. He is devastated. His girlfriend and parents have been looking for him, and apparently his apartment was the last place they were looking. Its too late. He's too stricken with shock/grief/horror that he jumps from his balcony and dies.

Long story short. To make that part relevant to the rest of the movie they have the girlfriend beg this women cop who's been looking into these scammers. There's this scene where the girlfriend pleads for the women cop to DO SOMETHING. The cop says sorry and she goes back to taking pictures for an event but before they take the picture, she realizes something, and goes back to hug the girlfriend and then helps her.

There's more incredulous stuff but I've already written way too much.. but it basically ends with, "Chinese Cops saved everyone. The End"

----------

So yes seems like the Chinese government is really cracking down on cryptocurrency due to their current stance on gambling... but this is actually good for bitcoin!

Paladinus
Jan 11, 2014

heyHEYYYY!!!
While governments are cracking down on bitcoin, bitcoin is cracking me up, lmao.

shame on an IGA
Apr 8, 2005

Strong Sauce posted:

I'm watching an early screening of the Dumb Money movie on Wednesday. I'll let you guys know how bad it is.
--------------------------------------------------------------------------------------------------------


I caught another movie last week. The movie was from China and had been doing well there. The movie was called No More Bets. (Spoilers and Content Warnings...)

I guess I should have taken the title at face value because while the movie technically was about human trafficking, where mostly Chinese citizens were being kidnapped and forced to work in the scam industry.. it was also a huge Chinese propaganda piece about how Gambling is morally wrong.

Even as the Gambling Mod of these dumb gay forums, I don't have any qualms about people saying gambling is bad. Because like any other vice if you get too deep it is bad! But man China basically injected a new movie 30 minutes into this one to morally wag its finger at the audience. Previously you were focused on 2 main characters, then all of a sudden this new main character comes.. and boy is he addicted to gambling!

First they thought how moral he was before he got addicted. He is currently working an internship or some college summer job out of his apartment his parents gave to him. It is a group that does subtitling for movies and the Scam Company wants them to add their Casino into the subtitles? I'm guessing they want him to add an advert to the beginning of the show but I'm not sure how much leeway the subtitle contracting team has over ad placement.

Anyways the guy is too upright and moral to allow it, even though it will earn his small little team some nice money doing so. But of course... he decides to, "try out" the casino while dropping off his girlfriend at school.

First he starts small, winning a lot. He's winning because the scammers want him to win. Apparently a "student about to graduate and maybe eventually find a job" is high on their list of BIG WHALES they need to entice. But it works! He eventually takes out a high interest loan to... pay for a fancy flute for his girlfriend, then he continually bets on sports matches and also speculates on cryptocurrency. He makes really terrible sports bets but it doesn't matter! He's too addicted.

Eventually the loan sharks come and harass his parents. He goes over and they're yelling and screaming about the loan. They throw the parent's dog out of the apartment window. He eventually sells his fancy car to pay off his loan.

His parents try to hide his mobile, but this leads to yet another scene where he asks his girlfriend to place a bet for him using her phone. She says she's made it except when his bet on a soccer match wins she tells him she didn't place the bet and he freaks out on her, pushing all the plates off a table and then eventually pushing her. He's really sorry.

Eventually not having his mobile to place bets is too much for him so he goes to his parent's apartment, locks his mom in his room. His room door still has busted glass from when the loan sharks were there. He uses his parent's laziness at cleaning up to his advantage by threatening to slit his throat if his mom doesn't give him the combo to the safe where his phone is. But that's also where she left bundles of renminbi. This is kinda laughable since the largest bill is 100 yuan and something like 700 yuan = $100. So bundles are still lots of money but like... 1/7th of what it is in US Dollars. He takes those too. He has a plan.

The coup de grace is the guy takes the bundles, sells off his apartment, and dumps it into.. Ethereum. The scammers claim they're going to put it into some cryptocurrency that will go up and he needs to trust and give them all his money in Ethereum.

They obviously withdraw all the money and block him on WeChat. He is devastated. His girlfriend and parents have been looking for him, and apparently his apartment was the last place they were looking. Its too late. He's too stricken with shock/grief/horror that he jumps from his balcony and dies.

Long story short. To make that part relevant to the rest of the movie they have the girlfriend beg this women cop who's been looking into these scammers. There's this scene where the girlfriend pleads for the women cop to DO SOMETHING. The cop says sorry and she goes back to taking pictures for an event but before they take the picture, she realizes something, and goes back to hug the girlfriend and then helps her.

There's more incredulous stuff but I've already written way too much.. but it basically ends with, "Chinese Cops saved everyone. The End"

----------

So yes seems like the Chinese government is really cracking down on cryptocurrency due to their current stance on gambling... but this is actually good for bitcoin!

between crypto, social media, mobile gaming, and legalized sports betting, most of the growth sectors in the us economy are explicitly focused on maximally exploiting the underlying neurology of gambling addiction so that is probably a very very good policy for them to start staking out now.

The number of completely wrecked degens in a decade when this crop of 10-20 year olds have the opportunity to really get in too deep is gonna be like nothing this country has ever seen we are really setting ourselves up for a disaster with this poo poo

shame on an IGA fucked around with this message at 22:04 on Sep 11, 2023

deep dish peat moss
Jul 27, 2006

That's not limited to mobile gaming, all the big mobile gaming publishers got so much money they bought all the big traditional gaming studios and now even PC and Console games increasingly are all about maximizing addiction so that they can squeeze more juice out of your wallet.

And then mobile games like pokemon go have evolved as far as even selling foot traffic into traditional retail spaces. It's only going to get worse.

deep dish peat moss fucked around with this message at 22:09 on Sep 11, 2023

Lammasu
May 8, 2019

lawful Good Monster
I think my ADHD keeps me from gambling. If I don't get constant positive reinforcement, it's hard for me to stick to something. If I get negative reinforcement, like say losing money, I just nope out.

TVs Ian
Jun 1, 2000

Such graceful, delicate creatures.

Lammasu posted:

I think my ADHD keeps me from gambling. If I don't get constant positive reinforcement, it's hard for me to stick to something. If I get negative reinforcement, like say losing money, I just nope out.

Huh, I wonder if that’s what it is. I’ve got ADHD, and zero interest in gambling. Went to Vegas for a gooncon many years ago, my mom gave me a roll of quarters for the slots, and I think all of it went to the arcade instead. Stopped playing Pokémon Go once I got to the point where buying incubators was the only real way I could get stuff, and dropped Genshin Impact after the first “saved up for a character’s banner and lost the 50/50.” Now that I think about it, the only Gacha I ever got into was Dragalia Lost, because it was really generous with the freebies and I got attached to the characters.

evilweasel
Aug 24, 2002

ryde posted:

Yeah, the problem is that the movie (based on initial hear-say) seems far too credulous about the apes' mythology. Even setting the movie aside, people seem to be uncritically accepting talking points like "Griffin made Robinhood turn off the buy button" and "hedge funds lost to retail" which are not true things.

yeah Ken griffin would probably loving love a movie about him using dumb apes as exit liquidity. he's mad the movie portrays him being beaten by apes.

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

Lammasu posted:

I think my ADHD keeps me from gambling. If I don't get constant positive reinforcement, it's hard for me to stick to something. If I get negative reinforcement, like say losing money, I just nope out.

Man you're probably right, but damned if I didn't like thinking of it as me being better at math than everyone else

drk
Jan 16, 2005
its just that easy

notwithoutmyanus
Mar 17, 2009

drk posted:

its just that easy



Ah, the send money via digital pigeon method. Is this similar to the RFC for data-transfer-via-pigeon? Is said pigeon an NFT?

Sophy Wackles
Dec 17, 2000

> access main security grid
access: PERMISSION DENIED.





drk posted:

its just that easy



Accidentally drop Sandisk into glass of Mtn. Dew.

The Lone Badger
Sep 24, 2007

drk posted:

its just that easy



I can think of a bunch of ways to attack this. Simplest would be to compromise the internet-connected PC and change the user-interface so when the user thinks they're generating a transaction to buy a new ape they're actually sending me all their butts. The generated transaction is then taken to the 'secure' PC to be signed normally.
Or have the compromised PC infect the SD card, which then infects the airgapped PC, which saves the private key to the SD card to be exfil'd once the card is plugged into the internet-connected machine again.

PhazonLink
Jul 17, 2010
e^ didnt a coiner get infected from a usb charger that neither he or his wife remember ordering, and he just used it thinking nothing of it.

its probably stdh and he wanted to save face for hopefully said ex wife. but theres a non zero chance it happened.


whats a degen? it better not be degenerate.

*search engines it*

le sigh.

PhazonLink fucked around with this message at 02:41 on Sep 12, 2023

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

PhazonLink posted:

e^ didnt a coiner get infected from a usb charger that neither he or his wife remember ordering, and he just used it thinking nothing of it.

its probably stdh and he wanted to save face for hopefully said ex wife. but theres a non zero chance it happened.


whats a degen? it better not be degenerate.

*search engines it*

le sigh.

someone hasn't seen the cryptoland video

https://www.youtube.com/watch?v=ZFoAF6lY6iI

Foo Diddley
Oct 29, 2011

cat
too bad twitter's so hosed, or i could find that horrifying cryptoland age of consent tweet

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Foo Diddley posted:

too bad twitter's so hosed, or i could find that horrifying cryptoland age of consent tweet

That combined with how "crypto kitties" sounds when read out loud really was something.

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resistentialism
Aug 13, 2007

My polygon bird doesn't seem to have an sd slot

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