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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.) I'm honestly waiting for the day when someone figures out a way to spend like $50 on crypto to.... associate every single wallet with money laundering. It can be done, I'm just waiting for it. Would solve a lot. https://cryptopotato.com/defi-protocol-aave-bans-justin-sun-after-he-randomly-received-0-1-eth-from-tornado-cash/
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Dec 14, 2023 20:14
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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.) That's part of that equation I posted about bitcoin being negative sum for the average investor. It's insane that these people say to be more "careful." Like, no, you will lose your poo poo sooner or later given enough transactions. When I held crypto, I remember accidentally sending my NEO to my NEO GAS address, but it turned out the addresses were interchangeable. I'm a very careful person and poo poo happens.
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Dec 15, 2023 18:55
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Isn’t a significant number of Bitcoin lost in a number of inaccessible or unknown wallets
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Dec 15, 2023 19:07
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SettingSun posted:Isn’t a significant number of Bitcoin lost in a number of inaccessible or unknown wallets Over 500 billion dollars worth, which is 30% of all Bitcoins minted, according to this estimate: https://www.makeuseof.com/how-much-bitcoin-is-lost-forever
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Dec 15, 2023 19:28
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Money of the future: if you make a typo on the destination the money is just gone forever. Code is law.
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Dec 15, 2023 19:47
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It makes currency exciting. If your bank just rejects a transfer to an account that doesn't exist, or you can just call them up to stop payment if you realize you just fat-fingered your whole life-savings to a drop shipper while trying to buy knockoff spongebob bobbleheads, where's the excitement?
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Dec 15, 2023 21:26
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Good afternoon, what is your thesis?
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Dec 15, 2023 21:28
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There's a step when you buy a house where you have to wire your down payment to the bank and your realtor is like "you better get everything right because if one number is off you might lose your entire life's savings with zero recourse and also call your lender and manually verify the number right beforehand because theres tons of fraud and I've had clients in the past get burned by it" and it seems impossible that the financial system could possibly operate like this. I can't imagine living in a bitcoin world where everything works like that and is even more scam/fraud-filled.
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Dec 16, 2023 00:08
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mega dy posted:There's a step when you buy a house where you have to wire your down payment to the bank and your realtor is like "you better get everything right because if one number is off you might lose your entire life's savings with zero recourse and also call your lender and manually verify the number right beforehand because theres tons of fraud and I've had clients in the past get burned by it" and it seems impossible that the financial system could possibly operate like this. I can't imagine living in a bitcoin world where everything works like that and is even more scam/fraud-filled. When I bought my last car I literally called the corporate headquarters of the dealership and had someone in their accounting department verify the routing and account numbers. poo poo is scary, even otherwise smart people fall for this stuff.
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Dec 16, 2023 00:22
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VitalSigns posted:It makes currency exciting. That poo poo happens with real banks. Like, bitcoin sucks, but this is a real thing. Once upon a time I fat fingered bank account number in an email to get the deposit back on an apartment I'd rented in Germany. 1500 Euros disappeared into the ether, never to be seen again, which really loving sucked because that was a huge amount of money for me at that time. Zero recourse, just "lol sucks to be you."
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Dec 16, 2023 01:10
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Gutcruncher posted:Money of the future: if you make a typo on the destination the money is just gone forever. Code is law. Every single transaction you have a non zero chance of bankruptcy. Money of the future!
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Dec 16, 2023 01:32
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I haven't verified this, but lol and lmao if true. Nothing of value lost (or gained) etc. https://twitter.com/punk9059/status/1735995998969991532
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Dec 16, 2023 16:59
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some of the absolute top tier apes
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Dec 16, 2023 17:04
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Best Apes stolen in Crypto Zoo heist
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Dec 16, 2023 17:06
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Cyrano4747 posted:That poo poo happens with real banks. Like, bitcoin sucks, but this is a real thing. I can't tell if this is a "your bank really, really sucks" thing or a European thing because I did the same and the bank just, you know, fixed it for me here in the states.
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Dec 16, 2023 17:08
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ranbo das posted:I can't tell if this is a "your bank really, really sucks" thing or a European thing because I did the same and the bank just, you know, fixed it for me here in the states. In the UK these days, as in within the last couple of years, the name on the bank account and the bank account type (personal vs business) also has to match up or the transaction gets blocked automatically. But yeah, before that you did get into the habit of double checking the account numbers just in case or you're dependent on your individual bank (and the recipient bank) as to how they handle it.
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Dec 16, 2023 17:53
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feedmegin posted:In the UK these days, as in within the last couple of years, the name on the bank account and the bank account type (personal vs business) also has to match up or the transaction gets blocked automatically. But yeah, before that you did get into the habit of double checking the account numbers just in case or you're dependent on your individual bank (and the recipient bank) as to how they handle it. That used to be the case in Germany, but with the switch to SEPA the banks shifted the liability to their customers. Bastards. At least you can still recover unauthorised or faulty direct debit transactions.
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Dec 16, 2023 18:03
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Truist refused to stop a pending mid five figure transaction from my bank account, we were told they "can't stop pending transactions" (what?), and then the bank manager implied that we actually wanted to transfer the money, or did it on accident, then implied that we were defrauding the bank somehow. After an investigation from the fraud department (an investigation into my wife and I, not the fraud) we got our money back eventually. We don't bank with truist anymore but yeah, banks will absolutely let you lose your money and you will be shocked at how little they will care. Lol if you trust that a bank is keeping your money safe.
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Dec 16, 2023 18:05
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Collateral Damage posted:I haven't verified this, but lol and lmao if true. Confirmed (in cryptopress breaking news). All my top tier apes... gone! But sadly, the founder of Bored Ape Yacht Club (BAYC) has made an offer to pay the demanded 10% ETH bounty in an effort to facilitate the return of the pilfered BAYC apes to their owners. https://cryptoticker.io/en/breaking-news-nft-trader-hack
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Dec 16, 2023 18:29
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What is a bounty
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Dec 16, 2023 18:43
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A miserable little pile of secrets
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Dec 16, 2023 18:46
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The only way to profit off NFTs: steal them and demand a ransom
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Dec 16, 2023 19:04
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Professor Shark posted:What is a bounty this will explain musically https://www.youtube.com/watch?v=UsOsRVLQznU
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Dec 16, 2023 19:11
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Professor Shark posted:What is a bounty Good call. The word was from the article. I see it was used incorrectly there and the word should have been 'ransom'.
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Dec 16, 2023 19:22
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Someone show me the difference between top tier and bottom tier apes
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Dec 16, 2023 19:32
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CharlestheHammer posted:Someone show me the difference between top tier and bottom tier apes Some traits like the hat they wear are quite rare, I think that's it. There's only 5 apes with that hat design, and 8 with those eyes, so this ape that has both is super mega hyper rare and thus worth more money.
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Dec 16, 2023 19:35
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It's all decided by the prestigous Ultimate Grand Council of Apelords, based out of the Tarzan institute in Zurich. They won't even look at your application to join unless you have Phd's in both Primatology and Graphic Design. 3 billion dollars a year to run, but worth every cent.
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Dec 16, 2023 21:06
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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. It isn't that, for instance, more lithium atoms are being added to Earth by God, it is that now that we are actively looking we find more, and there are economic motivations for people to figure out how to extract it.
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Dec 16, 2023 21:28
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whats the MA in MAYC? also how come so many Yacht Clubs dont have Yacht or dont even have enough money for mid tier car or place to live?
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Dec 16, 2023 21:34
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PhazonLink posted:whats the MA in MAYC? Mutant Apes, as opposed to Bored Apes.
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Dec 16, 2023 21:41
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PhazonLink posted:whats the MA in MAYC? Mutant Ape. If you already had paid for an ape.jpg, you could pay more for another type of token, and then pay a third time for them to use the token on your ape.jpg and end up with an uglier ape.jpg. And it’s because they did nazi the collapse coming, OP
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Dec 16, 2023 21:41
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Jean-Paul Shartre posted:Mutant Ape. If you already had paid for an ape.jpg, you could pay more for another type of token, and then pay a third time for them to use the token on your ape.jpg and end up with an uglier ape.jpg.
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Dec 16, 2023 21:51
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CharlestheHammer posted:Someone show me the difference between top tier and bottom tier apes Difficulty: Impossible
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Dec 16, 2023 21:59
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But NFT's are immutable! What can possibly go wrong? 
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Dec 16, 2023 23:03
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Classic con artist bag offloading method "Hey, slip me 50k under the table and I'll let you 'steal' my apes that are totally worth 500k. I'll put in an insurance claim to get my money back. You and me against the big guys, just give me your money first"
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Dec 16, 2023 23:18
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Collateral Damage posted:I haven't verified this, but lol and lmao if true. all their apes
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Dec 17, 2023 00:37
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gone
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Dec 17, 2023 00:38
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somebody should have told the hacker he only needed a single ape
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Dec 17, 2023 00:43
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they had a real ape-etite for crime
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Dec 17, 2023 00:50
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That’s bananas!
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Dec 17, 2023 01:04
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