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The hexagon was a good way to know who to ignore or bully on sight, but since checkmarks have taken on that function now the hex seems pretty redundant.
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Jan 10, 2024 17:52
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PhazonLink posted:so is it all IPAs or does Australia have better style diversity ? Lotta IPAs and Double Pale Ales of course, but the big thing has seemed to be sours, goses and stouts, at least for while I was doing any amount of drinking. So many good stouts, those were probably my favourite, but the sours were mint too. I think the least common or popular style would be pilsners, at least round my neck of the woods. Lagers too I guess, because of how prevalent they are in your main beer brands.
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Jan 10, 2024 17:56
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Australia/NZ have the southern hemisphere's equivalent of Yakima Valley so there's a ton of hop production there, and since hops are pretty dependent on environmental conditions, there's a lot of super cool and tasty "new" (at least to NA consumers) hop varietals coming out of there. There's also been a pretty big homebrewing/home distilling community in Aus/NZ for a while, which is usually how you get a big craft beer industry.
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Jan 10, 2024 18:52
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Nonzero chance NFT profile pics was coded by some cryptobro moron and had a bunch of vulnerabilities in it
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Jan 10, 2024 19:19
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There's also the old "something broke, and even if anybody gave enough fucks to fix it, nobody knows how" thing that seems to be going on a lot over there.
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Jan 10, 2024 19:28
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I made the mistake of posting a chart in work slack re: something bitcoin related and now a true believer is very curious why I don't think it's viable as a currency
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Jan 10, 2024 21:21
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If you're going to engage at all it's more fun to let them dig their own hole by turning the question around and asking them why they think it is.
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Jan 10, 2024 21:36
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E: Wrong thread, lmao.
Paladinus fucked around with this message at 13:45 on Jan 11, 2024 |
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Jan 10, 2024 21:39
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The document from the Securities and Exchange Commission (SEC) approves proposals from various exchanges to list and trade shares of Bitcoin-based Exchange-Traded Products (ETPs). Here are the key points:quote:1. **Approval of Proposals**: The SEC grants accelerated approval to proposals for listing and trading Bitcoin-based Commodity-Based Trust Shares and Trust Units by exchanges such as NYSE Arca, Nasdaq, and Cboe BZX. Hester Pierce delivers her statement; we’re lucky to have her at the SEC…some highlights: quote:"Today marks the end of an unnecessary, but consequential, saga." BTC still remains the worlds premiere global decentralized hard capped peer to peer network of value…the worlds most powerful asset managers and a Turkish shop owner suffering under the weight of hyper inflation can partake in this permissionless network…it is for everyone. The global adoption rate is moving apace…institutional adoption was always going to be a part of BTC’s story…but it won’t be the last. More global sovereigns holding BTC may be the next chapter of adoption this decade.
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Jan 11, 2024 01:19
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Fate Accomplice posted:I made the mistake of posting a chart in work slack re: something bitcoin related and now a true believer is very curious why I don't think it's viable as a currency I’m very glad the true believer we had employed briefly left. After DMing me on slack that he lost ~15k worth of eth by giving out his pass phrase and proceeded to ask me how to hack a major US hosting company. He got put on notice for that one. Yes please try to rope me into a felony on our work slack!
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Jan 11, 2024 01:21
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necrotic posted:I’m very glad the true believer we had employed briefly left. After DMing me on slack that he lost ~15k worth of eth by giving out his pass phrase and proceeded to ask me how to hack a major US hosting company.  sums up as: Bitcoin: I have some questions for you in the #mycrimes channel
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Jan 11, 2024 01:24
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PhazonLink posted:so is it all IPAs or does Australia have better style diversity ? You can't go past a craft beer fridge without seeing a thousand Hazy IPAs and New England IPAs these days but the breweries still put out things that aren't that so it's OK.
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Jan 11, 2024 01:33
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I’m excited to see a whole new class of people getting mad at Bitcoin now that their etfs are approved.
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Jan 11, 2024 01:54
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necrotic posted:I’m very glad the true believer we had employed briefly left. After DMing me on slack that he lost ~15k worth of eth by giving out his pass phrase and proceeded to ask me how to hack a major US hosting company. SettingSun posted:If you're going to engage at all it's more fun to let them dig their own hole by turning the question around and asking them why they think it is. thankfully I replied with a form of "I am not going to get into a discussion about this," and someone else engaged with them, and they agreed to take it to direct messages.
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Jan 11, 2024 01:58
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Fate Accomplice posted:thankfully I replied with a form of "I am not going to get into a discussion about this," and someone else engaged with them, and they agreed to take it to direct messages. The only answer is to not engage and immediately report the attempted felony to my boss. Ima snitch the poo poo out of that because if anything actually came of it and I entertained it at all I’m now a party to it.
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Jan 11, 2024 02:05
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If you put some bitcoins into a box then list the box as a security for people to trade, and in the meantime someone steals all the bitcoins, does the price the security is trading at fall? Or does nobody look into the box anymore and they just trade the box around without checking?
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Jan 11, 2024 02:35
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The Lone Badger posted:If you put some bitcoins into a box then list the box as a security for people to trade, and in the meantime someone steals all the bitcoins, does the price the security is trading at fall? Or does nobody look into the box anymore and they just trade the box around without checking? It's going to be home loan securities all over again, no one will know the box has nothing in it until everyone realizes they NEED TO LOOK IN THE BOX at which point whoopsie daisy your pension is insolvent. But it's OK, the important thing is that some bank execs got good bonuses for a few years and the bank itself harvested fees and turned a tidy profit.
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Jan 11, 2024 02:38
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The Lone Badger posted:If you put some bitcoins into a box then list the box as a security for people to trade, and in the meantime someone steals all the bitcoins, does the price the security is trading at fall? Or does nobody look into the box anymore and they just trade the box around without checking? This is the endgame/future of all Bitcoin ETF's. Whoops!
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Jan 11, 2024 02:53
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EMoney posted:The document from the Securities and Exchange Commission (SEC) approves proposals from various exchanges to list and trade shares of Bitcoin-based Exchange-Traded Products (ETPs). Here are the key points: Here is Citigroup Inc. looking at investor demand and concluding: Yes, sure, Bitcoin is great, but what Bitcoin investors really want is to hold Bitcoins in the form of receipts issued by a giant bank and registered at DTCC. That’s where the real innovation is! That’s what the people want! “Take this blockchain away from me,” they cry, “and give me the old system that I know!” In 2024 that is obviously what they want.
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Jan 11, 2024 03:01
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Not a lawyer, but I don't think the underlying bitcoin is insured whatsoever, from the ARK 21 filing:quote:The Trust is not a banking institution or otherwise a member of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”) and, therefore, deposits held with or assets held by the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member institutions. In addition, neither the Trust nor the Sponsor insure the Trust’s bitcoin.
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Jan 11, 2024 03:04
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Zero One posted:Here is Citigroup Inc. looking at investor demand and concluding: Yes, sure, Bitcoin is great, but what Bitcoin investors really want is to hold Bitcoins in the form of receipts issued by a giant bank and registered at DTCC. That’s where the real innovation is! That’s what the people want! “Take this blockchain away from me,” they cry, “and give me the old system that I know!” Yes. That is exactly what a specific segment of the market wants. My 75 year old father in law has no loving idea how to deal with coin exchanges but he’s been hot to trot to get in on crypto for years because of all the news he’s seen about how it’s guaranteed 10000% returns and all those kids got rich and I want to be rich too. It’s going to see massive uptake from the final tranche of bag holders. This is the moment in the pop Econ Hollywood film 10 years from now where an attractive actress in a bathing suit will turn to the camera and explain that the SEC failed in its duty to protect consumers.
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Jan 11, 2024 03:14
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ChronoBasher posted:Not a lawyer, but I don't think the underlying bitcoin is insured whatsoever, from the ARK 21 filing: The FDIC/SIPC stuff is boilerplate, but wow, they're not even bothering to carry private custodial insurance. Sure, that won't come back to bite them in the rear end. I bet the fees on these ETFs are going to be utterly usurious compared to the mainstream Vanguard/iShares stuff, too. Wouldn't be surprised to see 1.5-2% at a minimum. Plus cash-created/cash-settled allows the coiners to import the "cash-settled == big banks suppressing the price by naked shorting fake underlying asset!" conspiracy theory that's long been popular among the goldbugs.
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Jan 11, 2024 03:34
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Motherfuckers out there are excited about ETFs because they can never get a single 'DTF'.
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Jan 11, 2024 03:37
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Halibut Barn posted:Speaking of (not) going to the moon... LMAO
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Jan 11, 2024 03:51
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istewart posted:I bet the fees on these ETFs are going to be utterly usurious compared to the mainstream Vanguard/iShares stuff, too. Wouldn't be surprised to see 1.5-2% at a minimum. Actually there was quite a bit of competition on fees. 1.5% is the highest, all of the rest are under 1%:  I gotta believe GBTC holders are going to dump as soon as possible,  Grayscale
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Jan 11, 2024 03:55
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I believe it was the Grayscale lawsuit that drove the SEC to allow these ETFs in the first place. I'm interested in following the results of that.
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Jan 11, 2024 04:13
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Grayscale does some kind of dividend poo poo, I don't know how that works out but they do. I recall that back when I was holding crypto, the gbtc poo poo would constantly get...dividends? Or something that resulted in more funds regularly.
notwithoutmyanus fucked around with this message at 04:35 on Jan 11, 2024 |
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Jan 11, 2024 04:33
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Cyrano4747 posted:Yes. That is exactly what a specific segment of the market wants. My 75 year old father in law has no loving idea how to deal with coin exchanges but he’s been hot to trot to get in on crypto for years because of all the news he’s seen about how it’s guaranteed 10000% returns and all those kids got rich and I want to be rich too. Oh God does this mean my retirement fund is going to be buying Bitcoin? It does, doesn't it. Ugh.
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Jan 11, 2024 05:05
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Wait, if the bank buys a bunch of them and just sits on them while their customers trade them back and forth, that's actually reducing the environmental impact, right?
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Jan 11, 2024 05:07
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cruft posted:Oh God does this mean my retirement fund is going to be buying Bitcoin? It does, doesn't it. Ugh.
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Jan 11, 2024 05:13
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cruft posted:Wait, if the bank buys a bunch of them and just sits on them while their customers trade them back and forth, that's actually reducing the environmental impact, right? if it increases prices it'll have the knock on effect of increasing mining so probably not
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Jan 11, 2024 05:22
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Lammasu posted:Is the craft beer scene really big in Australia? I know it is in the States. i feel like yes, but a lot of my friends are in the scene so my perspective might be skewed. australia has the highest rates of gambling in the world (traditional, not counting blockchain-based pyramid schemes disguised as currency) with a big part of it being "pokies" (lovely gambling machines) being endemic except for the best state, WA. this means lots (most?) bars will have some poor saps throwing away their retirement savings in a corner of sadness. if you don't want that poo poo harshing your vibe, it's worth paying for the more expensive drinks/foods at a fancy/hipster place. that's my theory anyway. PhazonLink posted:so is it all IPAs or does Australia have better style diversity ? lots of hoppy beers, but also a lot of variety. i think the hazy craze will never fully die down, but it's reduced to a manageable level now. WA has great hops, red ales and a decent wild/sour scene too (the main beer importer here loves belgian styles and has deliberately cultivated the market here for decades so he can leech off it). melbourne has everything and craft breweries there are constantly trying to distinguish themselves to pull in the trendy crowd. sydney is a hole and should be nuked. nowhere else matters. 
crepeface fucked around with this message at 06:56 on Jan 11, 2024 |
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Jan 11, 2024 06:48
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cruft posted:Oh God does this mean my retirement fund is going to be buying Bitcoin? It does, doesn't it. Ugh. Comparing 5 Bitcoin Super Funds in Australia (super means retirement fund in australia) quote:In 2014, the Australian Taxation Office (ATO) acknowledged the rise of Bitcoin and other cryptocurrencies not as a currency, but as a capital gain asset, taxable at a rate of only 15%. here's the first one: quote:4. NGS Crypto Dedicated Account For Your Super Fund why is the first on the list labelled "4."? why is there two different "4." entries? why are they only four entries on what is supposed to be a list of five? that's just he kind of de-centralised ad-hoc disruptive finance journalism that we bring to you at cryptonews.com.au
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Jan 11, 2024 06:55
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Overheard a conversation a crypto-addled friend was having with a business partner of his, about how gaming is an untapped resource as far as crypto goes, how "the sum total of gaming revenue is less than one coin - Dogecoin", etc. The way he talked about it, as I'm sure all these conversations go, is how to exploit the market, not "we've got a great idea, lets find a way to make it happen", and hoping that it will do well financially. He was talking about how people game throughout their lives, unlike e.g. doing sports, etc. And "wouldn't it be great if they could earn money and their car could be an NFT with various stats, trading, etc". He came so close to having a moment of clarity when he pointed out to the other guy that "all of the crypto games that have come out so far have been low-effort rubbish".... At no point in this convrersation was any consideration given at all to the fact that gaming is a uniquely equalising pastime - it doesn't matter how much money you've got in the real world, you can get dunked on by a guy who is working part time at a fast food place. Pretty much everything outside of gaming is a sobering reminder of your station in life. Although microtransactions and to a lesser extent Pay 2 Win are a thing, it's still largely just cosmetic and can be ignored. I could feel myself getting increasingly irritated thinking about a world in which gaming is just another part of your life where you're constantly reminded that you haven't got as much money as someone else, or you weren't early enough to the game, or whatever. And the other factor of course is that these people aren't interested in playing these games themselves, all they want to do is "exploit the untapped market" - they want other people to buy their I guess I should probably also remind my friend that NFTs are dead and gamers hate NFTs. 
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Jan 11, 2024 11:31
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cruft posted:Wait, if the bank buys a bunch of them and just sits on them while their customers trade them back and forth, that's actually reducing the environmental impact, right? Unfortunately no because it makes no difference to the bitcoin network whether transactions are happening or not. People are burning coal and silicon to essentially fight each other with, thus far, ever-increasing amounts of processing power to try and generate more coins. The transactions (and associated fees collected) along with that are minuscule in comparison. Mercury_Storm fucked around with this message at 11:51 on Jan 11, 2024 |
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Jan 11, 2024 11:45
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Great news guys, banks and government are good now
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Jan 11, 2024 12:43
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Durzel posted:I could feel myself getting increasingly irritated thinking about a world in which gaming is just another part of your life where you're constantly reminded that you haven't got as much money as someone else, or you weren't early enough to the game, or whatever. And the other factor of course is that these people aren't interested in playing these games themselves, all they want to do is "exploit the untapped market" - they want other people to buy their Gacha games already exist.
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Jan 11, 2024 13:17
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The Bible posted:Gacha games already exist. Not for long if China have anything to say about it.
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Jan 11, 2024 13:55
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Tsietisin posted:Not for long if China have anything to say about it. For once, I'm glad China is at least doing something about this, where the US kinda shrugged and let it be. Blizzard pulling this poo poo is garbage to the highest level, and once they get around to applying it to crypto would take care of probably 75% of the crypto market.
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Jan 11, 2024 14:25
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notwithoutmyanus posted:For once, I'm glad China is at least doing something about this, where the US kinda shrugged and let it be. Blizzard pulling this poo poo is garbage to the highest level, and once they get around to applying it to crypto would take care of probably 75% of the crypto market. Didn't china do a 180 on it when some important stocks took it in the nuts?
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Jan 11, 2024 14:40
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