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titty_baby_
Nov 11, 2015

cruft posted:

Hi, science background here, is this a commonly-held economic belief? I feel like it is. How does this work, in economics? From my perspective, it seems to assume the earth has infinite mass.

Back in uni in my econ class we read a paper from some dumbass economist who said basically that whenever we begin to exhaust a resource we will either find a similar, untapped resources to replace it, new methods to extend it (recycling), or technology will advance to where we no longer need it. The paper naturally ended with "if we gently caress up the earth we will just find a new planet".

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Cyrano4747
Sep 25, 2006

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

Lmao got some take out Chinese last night because I was too lazy to cook.

The fortune cookie was different. Incredibly lovely quality, tasted like cardboard. Found this inside:

Front:



Back:



Goddamnit I like that restaurant. Hope this is just them going with a cheaper supplier or something.

Betjeman
Jul 14, 2004

Biker, Biker, Biker GROOVE!

cruft posted:

Hi, science background here, is this a commonly-held economic belief? I feel like it is. How does this work, in economics? From my perspective, it seems to assume the earth has infinite mass.

I didn't know how to word it, maybe "ever-changing"? I definitely didn't mean infinite

I mean, made up numbers, there's six billion people all wanting to get paid today, in ten years time there'll be eight billion, is the bitcoin ideal for everyone to get salary reductions rather than increases? How would anyone ever know what a bitcoin was actually worth?

cruft
Oct 25, 2007

Betjeman posted:

I didn't know how to word it, maybe "ever-changing"? I definitely didn't mean infinite

Ah, okay. Well, some people who claim to truly get economics do speak of wealth as some infinite pool that can be endlessly tapped, like, you can just generate wealth from nothing, and thermodynamics doesn't apply.

Betjeman
Jul 14, 2004

Biker, Biker, Biker GROOVE!

cruft posted:

Ah, okay. Well, some people who claim to truly get economics do speak of wealth as some infinite pool that can be endlessly tapped, like, you can just generate wealth from nothing, and thermodynamics doesn't apply.

That seems to be the dominant theory of economics in the world today, and we have people shooting refuse at the moon to spend it

CannonFodder
Jan 26, 2001

Passion’s Wrench

carrionman posted:

Everyone wanna make their own rapture.

Ain't no one brave enough to make their own MSF.

Ghost Leviathan posted:

I mean everyone saw how that worked out
Bombed by US military because they were accused of helping enemy combatants?

rotinaj
Sep 5, 2008

Fun Shoe

Cyrano4747 posted:

Lmao got some take out Chinese last night because I was too lazy to cook.

The fortune cookie was different. Incredibly lovely quality, tasted like cardboard. Found this inside:

Front:



Back:



Goddamnit I like that restaurant. Hope this is just them going with a cheaper supplier or something.

Fortune cookies have definitely fallen off a cliff, quality-wise

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!
lol, how in the hell can you afford Chinese food? Up here in Canada, take out prices have gone through the roof.

Cyrano4747
Sep 25, 2006

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

tango alpha delta posted:

lol, how in the hell can you afford Chinese food? Up here in Canada, take out prices have gone through the roof.

60% off up to $20 deal on Uber eats.

Cut what would have been a $45 meal down to about $20 plus tip.

So buttcoin adverts in my VC-subsidized meal, makes sense.

Edit: lol bitcoin autocorrects to buttcoin on my phone I’ve posted too much ITT

freemandela
Apr 18, 2007

PhazonLink posted:

so whats the basic economic output of this city that makes? what goods or services do they offer that others want?
the opportunity to toss techbros in the ocean

Seth Pecksniff
May 27, 2004

can't believe shrek is fucking dead. rip to a real one.
Hi folks,

We all know Seraph is prone to returning. I'm going to ask that if you see him, report him and put him in ignore. There's absolutely no reason to engage with him and you're giving him exactly what he desires by continually talking to him. As a reminder, he was originally banned and permabanned for going DEBATE ME BRO over how to define the age of a minor, which is disgusting.

If you continue to, we're gonna have to deal with it in different ways. I ask you just follow the above and we'll take care of him as soon as we can.

Thanks!

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!
Just wanted to add that he will be turning forty years old in a few months, which makes his age of consent debate even more disgusting :barf:

tango alpha delta fucked around with this message at 20:04 on Dec 13, 2023

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day
all casinos should pay out in NFTs to just fully complete the grift.

Tricky Ed
Aug 18, 2010

It is important to avoid confusion. This is the one that's okay to lick.


freemandela posted:

the opportunity to toss techbros in the ocean

Dunk tanks for the modern era. I'm in.

ragnarokette
Oct 7, 2021

Mooseontheloose posted:

The tiny nation of Tuvalu's GDP is around $40 to $70 million and 11,000 plus people.

So what I am saying is, you are exactly correct because Tuvalu actually provides goods and services and not just internet pogs.

I get the point you are trying to make here but a good chunk (like 10-20% iirc) of that is from licensing the .tv domain to people like twitch, which they just got handed basically randomly 30+ years ago.

Strategic Tea
Sep 1, 2012

Betjeman posted:

is the bitcoin ideal for everyone to get salary reductions rather than increases? How would anyone ever know what a bitcoin was actually worth?

My God, I say as I hang my MBA behind my desk, crypto isn't useless at all - it's brilliant!

DerekSmartymans
Feb 14, 2005

The
Copacetic
Ascetic

Tricky Ed posted:

Dunk tanks for the modern era. I'm in.

Can we fill the dunk tank with sulfuric acid?

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!

LifeSunDeath posted:

all casinos should pay out in NFTs to just fully complete the grift.

https://www.stationcasinosblog.com/2023/03/station-casinos-stn-charms/

drk
Jan 16, 2005

lol, it's literally a profile pic for slot machines

coolusername
Aug 23, 2011

cooltitletext
I’m not sure if I missed it but lol and also lmao, Yearn Finance accidentally swaps its entire treasury, asks nicely for the money back

quote:

Periodically, Yearn Finance converts a small quantity of its treasury tokens into stablecoins to spend on operations. However, something went terribly wrong during this process when they went to perform the swap and erroneously converted the entire amount — nearly 3.8 million Ip-yCRVv2 tokens — into a stablecoin.
Because there was not sufficient liquidity for such a large trade at the going price, the trade was ultimately fulfilled, but at a 63% loss. Before the trade, that quantity of tokens was priced at around $2.28 million; however, Yearn received only around $780,000 in stablecoins because of the slippage.

Yearn quickly identified the issue and embarked on a campaign to ask nicely for the counterparties in the trade to please give some of their profits back. In on-chain messages, Yearn wrote: "one of yearns multisigs made a costly mistake last night that affected a critical source of yCRVs liquidity. we identified you as having made a profit off of this and are kindly requesting that you return as much as you see reasonable to yearns main multisig: ychad.eth. sorry we have to ask this, but hope you can understand." Doesn't hurt to ask, I guess. So far, only one wallet has taken them up on the offer, returning 2 ETH (~$4,400).

tehinternet
Feb 14, 2005

Semantically, "you" is both singular and plural, though syntactically it is always plural. It always takes a verb form that originally marked the word as plural.

Also, there is no plural when the context is an argument with an individual rather than a group. Somfin shouldn't put words in my mouth.

code is law

lol. lmao.

Agents are GO!
Dec 29, 2004

Pweeze Mister Wallet Holder

_😥
👉 👈

Foo Diddley
Oct 29, 2011

cat
they can go on yearning for their money back

Desert Bus
May 9, 2004

Take 1 tablet by mouth daily.
I wish I had kept my FTX fortune.

https://www.coindesk.com/web3/2022/12/12/in-the-wake-of-collapse-ftx-fortune-cookies-are-still-on-the-menu/

Big Ass On Fire
Jun 16, 2023

That link to the Yearn screw up led me to this hilarious hack from last month.

quote:

The KyberSwap decentralized exchange was hacked by an attacker who stole large sums of ETH, wETH, and the USDC stablecoin. Altogether, the assets are valued at around $54.7 million. The attacker was able to exploit a complex bug in a feature for liquidity pool providers. Prior to the hack, KyberSwap had approximately $80 million in TVL.

Shortly after the attack, the thief sent a message: "Negotiations will start in a few hours when I am fully rested." The KyberSwap team later responded to offer a 10% bounty, also seeming to praise the attacker: "You have done one of the most sophisticated hacks ser. That was high EV and everyone missed it."

The thief had other plans, though, ultimately issuing a list of "demands" which included "complete executive control" over the company and "surrender of all ... assets" to the hacker. They wrote that they had big plans for the network, and although they planned to dismiss all executives, they wrote that employees would be offered double salaries to continue their work. The hacker signed the message "Kyber Director".

Meanwhile, KyberSwap regained around $4.7 million after negotiations with the operators of front-running bots, who agreed to return 90% of the funds they obtained through frontrunning the hacker's transactions.

:lol:

BrewingTea
Jun 2, 2004


Who would have thought that the "value" of a cryptocurrency would fail to stand up to reality when someone actually tries (even accidentally) to take advantage of it?

Alan Smithee
Jan 4, 2005


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

Enthusiasms, enthusiasms...

Big rear end On Fire posted:

That link to the Yearn screw up led me to this hilarious hack from last month.

:lol:

quote:

The KyberSwap team later responded to offer a 10% bounty, also seeming to praise the attacker: "You have done one of the most sophisticated hacks ser. That was high EV and everyone missed it."

they will never not be fincucked by hackers

tehinternet
Feb 14, 2005

Semantically, "you" is both singular and plural, though syntactically it is always plural. It always takes a verb form that originally marked the word as plural.

Also, there is no plural when the context is an argument with an individual rather than a group. Somfin shouldn't put words in my mouth.
I just want to see a hack route all of the money to a dead wallet

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
What sophisticated hacking my lord :wink:

SettingSun
Aug 10, 2013

I'm trying to read the disclosure on Yearn's github but this poo poo is incomprehensible.

quote:

Background
One of Yearn's leading products, yCRV, is a liquid locker token representing 1 locked CRV in Yearn's pooled veCRV position.
Yearn supports this product by maintaining a large amount of protocol owned liquidity, or POL, in its treasury in the form of lp-yCRVv2.
Separately, Yearn's treasury also recevies lp-yCRVv2 tokens as performance fees on vault harvests which it regularly swaps out of to realize as stablecoins for the treasury operations.
The issue stemmed from the entire POL amount being inadvertantly moved to the trading multisig as if it were fees.

I can't even tell what this company does.

zedprime
Jun 9, 2007

yospos
Reads like a biology textbook. Are we sure you still can't mint crypto on protein folding?

Agents are GO!
Dec 29, 2004

SettingSun posted:

I'm trying to read the disclosure on Yearn's github but this poo poo is incomprehensible.

I can't even tell what this company does.

money laundering, op

notwithoutmyanus
Mar 17, 2009

SettingSun posted:

I'm trying to read the disclosure on Yearn's github but this poo poo is incomprehensible.

I can't even tell what this company does.

They had an automatic profit talking function in the wallet they were supposed to move a small amount of poo poo into and they moved it all.

Standard crypto feature: zero safeguards, one way transactions!

Rags to Liches
Mar 11, 2008

future skeleton soldier


SettingSun posted:

I'm trying to read the disclosure on Yearn's github but this poo poo is incomprehensible.

I can't even tell what this company does.

That's the point, use as much jargon as possible to hide the fact that it does absolutely nothing and it's bullshit

DerekSmartymans
Feb 14, 2005

The
Copacetic
Ascetic

Be your own...awww, gently caress it.
:sbahj:

Pirate Radar
Apr 18, 2008

You're not my Ruthie!
You're not my Debbie!
You're not my Sherry!

tehinternet posted:

I just want to see a hack route all of the money to a dead wallet

I’m sure I’ve read about something like that happening, a hacker successfully stealing the coins but making a small mistake that ends up dumping them all in the trash

BigBadSteve
Apr 29, 2009

Rags to Liches posted:

That's the point, use as much jargon as possible to hide the fact that it does absolutely nothing and it's bullshit

:lol:

BrewingTea
Jun 2, 2004

Every time a transaction is made, there is a non-zero chance that Bitcoins will be permanently lost. (Or when someone dies and no one knows their key, etc.)

So on a long enough timeline, all Bitcoins will disappear eventually.

Currency of the future

CannonFodder
Jan 26, 2001

Passion’s Wrench

BrewingTea posted:

Every time a transaction is made, there is a non-zero chance that Bitcoins will be permanently lost. (Or when someone dies and no one knows their key, etc.)

So on a long enough timeline, all Bitcoins will disappear eventually.

Currency of the future

That's a feature, not a bug.

The Code is Law.




lol buttcoin

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Fur20
Nov 14, 2007

すご▞い!
君は働か░い
フ▙▓ズなんだね!
exchange plum give out all our coins

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