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Yet another ponzi-esque thing with vague and questionable details arises. https://twitter.com/watanabesota/status/1701386696737353827/
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Sep 12, 2023 21:37
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Unfortunately yes, I have. Quick story. As background, there are certain restrictions on who can hold shares in what countries. Not all shares can be held by particular citizens. There might be a legend applied that prevents shares issued in one country to be sold in another for a period of time. Any new shares issued are 99% of the time sent to a brokers pooled account and there is no way to differentiate between one share and another. Because of this of shares are issued in the restricted country, it prevents movement to the regular country for the entirety of all the shares in the restricted country. Certain companies hate this. There are ways around it but they are expensive. Most recently, after yet another "discussion" with a CFO of a billion dollar multinational company about the movement restriction that CFO came back to me with a 4 word email. They literally said:- "Blockchain would solve this" We are hosed.
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Sep 12, 2023 21:39
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notwithoutmyanus posted:Yet another ponzi-esque thing with vague and questionable details arises. Did this web3 idiot just scam himself into a director position at Sony?
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Sep 12, 2023 21:50
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Sophy Wackles posted:Did this web3 idiot just scam himself into a director position at Sony? no, he scammed himself into a director position at "Sony Network Communications Labs Pte. Ltd.", which appears to be about as far removed from Sony as is legally possible
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Sep 12, 2023 22:12
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someone should hack sony again and steal all their apes.
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Sep 12, 2023 22:15
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drk posted:no, he scammed himself into a director position at "Sony Network Communications Labs Pte. Ltd.", which appears to be about as far removed from Sony as is legally possible lmao, he got a job at Soh-Nee. Totally the same! I was wondering why it was Sony Network Communications Labs, not regular ole Sony Corporation. I wonder what happens when Sony, corp finds out!
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Sep 12, 2023 22:17
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notwithoutmyanus posted:lmao, he got a job at Soh-Nee. Totally the same! $700k spends the same however many shell companies get put in between so grats Web3 guy.
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Sep 12, 2023 22:21
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Trillhouse posted:Co-founder of $4 billion crypto ponzi scheme gets 20 years in prison, ‘Cryptoqueen’ partner remains at large Thats not bitcoin
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Sep 12, 2023 22:28
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notwithoutmyanus posted:lmao, he got a job at Soh-Nee. Totally the same!  if Ruja "Cryptoqueen" Ignatova is arrested she should go to the same prison as Heather "Razzlekhan" Morgan so they can war for control of their block
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Sep 12, 2023 22:36
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Scratch Monkey posted:if Ruja "Cryptoqueen" Ignatova is arrested she should go to the same prison as Heather "Razzlekhan" Morgan so they can war for control of their block If it escalated to a rap battle there would be no survivors.
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Sep 12, 2023 22:52
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Tsietisin posted:This whole BB&B thing is amusing to me as I work for one of the major Transfer Agents/Share Registrars. In particular I'm a client manager that deals with these multinationals and their shares. The fake share theory only makes sense if you work backwards from the desired conclusion: apes must own significantly more shares than are being shorted in order to trigger MOASS and drive the share price to infinity. In order for that to be possible they need some excuse to ignore everyone involved with the stock except themselves and their enemies, so wouldn't it be convenient if only stock held by apes counted?
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Sep 12, 2023 23:06
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Trillhouse posted:Co-founder of $4 billion crypto ponzi scheme gets 20 years in prison, ‘Cryptoqueen’ partner remains at large quote:Both Greenwood and Ignatova consistently portrayed OneCoin as being the next Bitcoin-like crypto investment opportunity. But “unlike legitimate cryptocurrencies, OneCoin had no actual value and was conceived of by Greenwood and Ignatova as a fraud from day one” the DOJ said. lmao
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Sep 12, 2023 23:07
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Magissima posted:The fake share theory only makes sense if you work backwards from the desired conclusion: apes must own significantly more shares than are being shorted in order to trigger MOASS and drive the share price to infinity. In order for that to be possible they need some excuse to ignore everyone involved with the stock except themselves and their enemies, so wouldn't it be convenient if only stock held by apes counted? That’s pretty much how all their ‘ due diligence’ theorycrafting works. Start at the end result you want then argue backwards while anyone who questions it is a shill enemy.
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Sep 12, 2023 23:10
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ryde posted:BBBY had a bunch of provisions that made it difficult for shareholders to sue, and the SEC objected to those provisions. Obviously, the apes got mad at the SEC for objecting, because why expect them to understand what is happening. After the judge struck down the objections, the apes started celebrating how shills were rekt. But aren't the apes BBBY shareholders, wouldn't they want the judge to overturn provisions that make it hard for shareholders to sue?
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Sep 12, 2023 23:12
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VitalSigns posted:But aren't the apes BBBY shareholders, wouldn't they want the judge to overturn provisions that make it hard for shareholders to sue? They should want that. But they have some dumb theory that the plan has to be accepted in order for Ryan Cohen to come in with his deal, and the SEC was trying to delay that to help the hedge funds. Its gibberish but apes are really dumb.
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Sep 12, 2023 23:14
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Boxturret posted:Ryan Cohen is going to buy all the dead companies that you, personally, bought and held stock in, and will merge them all together in to a Bed Bath and Beyond, Gamestop, Blockbuster blob that will fight and defeat Amazon! gmerica
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Sep 12, 2023 23:31
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Foo Diddley posted:i'm cherishing my last days as a poor new thread title
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Sep 12, 2023 23:31
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coolusername posted:That’s pretty much how all their ‘ due diligence’ theorycrafting works. Start at the end result you want then argue backwards while anyone who questions it is a shill enemy. Look. The only conclusion I will accept is the one that I pulled out my rear end. What are you, an rear end hater?
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Sep 12, 2023 23:31
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notwithoutmyanus posted:Look. The only conclusion I will accept is the one that I pulled out my rear end. What are you, an rear end hater? Please don't mistake me for an rear end hater, notwithoutmyanus.
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Sep 12, 2023 23:38
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Magissima posted:The fake share theory only makes sense if you work backwards from the desired conclusion: apes must own significantly more shares than are being shorted in order to trigger MOASS and drive the share price to infinity. In order for that to be possible they need some excuse to ignore everyone involved with the stock except themselves and their enemies, so wouldn't it be convenient if only stock held by apes counted? Everything they do is predicated on the assumption that they're already rich by buying BBBYQ stock, and everything between here and there is just logistics that will sort itself out. The idea that there might be circuit breakers, that markets could roll back transactions, that their stocks will be voided in a bankruptcy, that "the hedgies" may themselves declare bankruptcy rather than pay "phone numbers" for their stock, the idea that the government might not backstop the debt owed to them, these are all FUD, lies, or just straight ignored.
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Sep 12, 2023 23:40
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VitalSigns posted:But aren't the apes BBBY shareholders, wouldn't they want the judge to overturn provisions that make it hard for shareholders to sue? if they could understand things like the law and logic and what is happening they wouldn't be bbby shareholders anymore
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Sep 13, 2023 00:04
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I just love how they mythologise holding, like doing nothing is this herculean effort that deserves to be rewarded with all the money in the world.
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Sep 13, 2023 00:14
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Some BBBY True Believer posted:I'm cherishing my last days as a poor. It's truly inspiring to think about. I'll either be massively wealthy which would be nice, or I lose some money... either way, I've made loads of friends that have similar views as me and that's priceless. I'm already wondering what we'll invest in next after BBBYQ and GameStop. I can't tell if this is a troll or not....
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Sep 13, 2023 00:45
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"Infinite money glitch" is interesting, they think real life works is just like video games and you can jump on that turtle shell until infinite Come to think of it, a lot of this revolves around gaming, like how many of the blockchain "business opportunities" are basically "what if you got paid to play Candy Crush" or "what if these monkey jpegs are character skins you can buy now and sell later at a huge markup to new players in a monkey-based video game"
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Sep 13, 2023 01:38
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daslog posted:I can't tell if this is a troll or not.... "I'm cherishing my last days as a poor" is a sizable percentage of americans capitalism.gif etc
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Sep 13, 2023 01:41
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VitalSigns posted:"Infinite money glitch" is interesting, they think real life works is just like video games and you can jump on that turtle shell until infinite You’ve cracked the code for why this is poison to the average Reddit user.
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Sep 13, 2023 01:41
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VitalSigns posted:"Infinite money glitch" is interesting, they think real life works is just like video games and you can jump on that turtle shell until infinite ngl, the founders of all the coin exchanges and nfts and all those bullshit scams, really did make gamers give up tons of cash.
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Sep 13, 2023 01:42
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LifeSunDeath posted:nfts and all those bullshit scams really did make
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Sep 13, 2023 01:47
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They are prosperity gospel televangelists that traded their targeted religion for a different targeted culture
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Sep 13, 2023 01:48
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Sentient Data posted:They are prosperity gospel televangelists that traded their targeted religion for a different targeted culture he who is without diamonds hands shall be banished to poverty in perpetuity.
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Sep 13, 2023 01:50
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VitalSigns posted:But aren't the apes BBBY shareholders, wouldn't they want the judge to overturn provisions that make it hard for shareholders to sue? As a general rule of thumb, apes are against things that would benefit them and in favor of whatever causes them to lose the most money.
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Sep 13, 2023 02:00
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Boxturret posted:If it escalated to a rap battle there would be no survivors. best epic rap battles of history episode ever
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Sep 13, 2023 02:12
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Deptfordx posted:Well he is the Kwizatz Haderach. You mean the Kwizatz Hodlerach.
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Sep 13, 2023 02:23
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VitalSigns posted:"Infinite money glitch" is interesting, they think real life works is just like video games and you can jump on that turtle shell until infinite I have a hypothesis that a lot of these "if I game the system this way I'll be able to get whatever I want out of it!" ideas - not just meme stonks and buttcoins, but so far as Sovereign Citizens and PUAs - come from video game-type thinking, where if you glitch/backdoor/hack the system it'll give you infinite power over it. But these are all human institutions, and unlike Hacking The Gibson, people can just turn around and say "lol no". And this infuriates these guys because they cannot accept dealing with other people as anything other than Goombas for them to stomp on their way to getting the powerup and winning the game. RocketMermaid fucked around with this message at 02:35 on Sep 13, 2023 |
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Sep 13, 2023 02:33
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notwithoutmyanus posted:Yet another ponzi-esque thing with vague and questionable details arises. rear end-Star Network Boxturret posted:I just love how they mythologise holding, like doing nothing is this herculean effort that deserves to be rewarded with all the money in the world. The goldbugs have always been the same way. I guess you level up once you realize that the stock market is about trading resource flows, not static wealth. And then you level up into a real capitalist once you decide it's about hoarding control of resource flows for yourself...
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Sep 13, 2023 02:34
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notwithoutmyanus posted:Yet another ponzi-esque thing with vague and questionable details arises.  Literally admitting that no worthwhile use cases for the technology exist and they're just going to make some up.
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Sep 13, 2023 03:09
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Think of all the money, time, people and computing power that have been thrown at the crypto/blockchain/web3 industry trying to find a killer use case over the past 15 years. Imagine if those resources had been directed at something useful to humanity.
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Sep 13, 2023 03:39
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RocketMermaid posted:I have a hypothesis that a lot of these "if I game the system this way I'll be able to get whatever I want out of it!" ideas - not just meme stonks and buttcoins, but so far as Sovereign Citizens and PUAs - come from video game-type thinking, where if you glitch/backdoor/hack the system it'll give you infinite power over it. But these are all human institutions, and unlike Hacking The Gibson, people can just turn around and say "lol no". And this infuriates these guys because they cannot accept dealing with other people as anything other than Goombas for them to stomp on their way to getting the powerup and winning the game. The number of posts you'll see in the various GME/BBBY subreddits where they brag about how hard they grind on various MMOs, a though that were something to be proud of or sign of any kind of actual skill, is mindblowing.
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Sep 13, 2023 04:04
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TheOneAndOnlyT posted:They're going to "focus on creating killer web3 use cases to drive the adoption of web3." *while spending 700k on nothing but bluster
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Sep 13, 2023 04:07
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RocketMermaid posted:I have a hypothesis that a lot of these "if I game the system this way I'll be able to get whatever I want out of it!" ideas - not just meme stonks and buttcoins, but so far as Sovereign Citizens and PUAs - come from video game-type thinking, where if you glitch/backdoor/hack the system it'll give you infinite power over it. But these are all human institutions, and unlike Hacking The Gibson, people can just turn around and say "lol no". And this infuriates these guys because they cannot accept dealing with other people as anything other than Goombas for them to stomp on their way to getting the powerup and winning the game. It's pretty much this, and not helped that the Western world's 'understanding' of economics even and especially at the professional level is pretty much built around treating certain 'rules' of capitalism as immutable laws of physics. They don't understand how power actually works.
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Sep 13, 2023 04:12
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