|
Mr. Nice! posted:and these geniuses, they didn't even buy crypto. they bought something that will turn into crypto if and only if etherium changes the core method that they operate which has the same likelihood of occurrence as grrm finishing the asoiaf series. how does this even work? are they just buying the rights to the proof of stake ETH that current ETH holders will get after the split?
|
#
?
Jun 14, 2022 17:15
|
|
|
|
| # ? Jun 6, 2024 23:40 |
|
|
Plank Walker posted:how does this even work? are they just buying the rights to the proof of stake ETH that current ETH holders will get after the split? it's some smart contract bullshit where the tokens will not allow themselves to be spent until certain conditions are met, namely the switch to proof of stake and the time elapsed
|
|
#
?
Jun 14, 2022 17:31
|
|
|
kw0134 posted:my employer has dozens of different systems that have access control lists which can be configured any number of ways with a single employee sign-on, so the notion that a large tech company can't figure out how to give access to email while disabling more sensitive systems is laughable. the only explanation is sociopathic laziness. iirc, the entirety of mtgox's finances were run directly from mark's personal bank account. so this kinda stuff is pretty much a crypto tradition at this point
|
|
#
?
Jun 14, 2022 17:32
|
|
|
tima posted:customer: hi, i can't withdraw funds, what's up?
|
|
#
?
Jun 14, 2022 17:40
|
|
|
Mr. Nice! posted:yup. they should give back steth greren's apes if they have them 
|
|
#
?
Jun 14, 2022 17:41
|
|
|
Chris Knight posted:your call is very important to us. please hodl while you wait please listen to the dogecoin song. https://www.youtube.com/watch?v=000al7ru3ms
|
|
#
?
Jun 14, 2022 17:42
|
|
|
Mr. Nice! posted:and these geniuses, they didn't even buy crypto. they bought something that will turn into crypto if and only if etherium changes the core method that they operate which has the same likelihood of occurrence as grrm finishing the asoiaf series. The Lols and lmaos are going parabolic!!
|
|
#
?
Jun 14, 2022 17:50
|
|
|
i hope that the crash won't adversely affect project present elon musk with a giant statue of a goat with his head
|
|
#
?
Jun 14, 2022 17:52
|
|
|
i still maintain that this is a better business plan than most crypto and nft projects have
|
|
#
?
Jun 14, 2022 18:01
|
|
|
kw0134 posted:the only explanation is sociopathic laziness. Well yeah, it's crypto.
|
|
#
?
Jun 14, 2022 18:05
|
|
|
haveblue posted:it's some smart contract bullshit where the tokens will not allow themselves to be spent until certain conditions are met, namely the switch to proof of stake and the time elapsed if it's staked and can't be taken out, what's the signal for the contract wallet to release the funds? like do they light the bat signal when it goes proof of stake, or is it somehow an official ethereum thing? or is there like some dude that said "uhh yeah i promise to click the button when everything is proof of stake"?
|
|
#
?
Jun 14, 2022 18:16
|
|
|
Frequent Handies posted:You're a HODLer. You have a BTC at 30k. Perhaps you're a prudent HODLer and decide in case this goes tits up, you should buy some insurance - you buy a put for 20k. Whoever sells you that put is agreeing to buy your coin at 20k. You pay some premium to the seller for this, because if it says flash crashes to 10k, they still have to buy it for 20k and they want to get paid for the risk. You can rest assured that worst case scenario, you're only out 10k, not 30. thank you very much for explaining!
|
|
#
?
Jun 14, 2022 18:16
|
|
|
|
|
#
?
Jun 14, 2022 18:53
|
|
|
tima posted:customer: hi, i can't withdraw funds, what's up? lol
|
|
#
?
Jun 14, 2022 18:55
|
|
|
'all of their "money" is "away from them"' will never not kill me
|
|
#
?
Jun 14, 2022 18:59
|
|
|
Boxturret posted:i hope that the crash won't adversely affect project present elon musk with a giant statue of a goat with his head Didn't they already rugpull
|
|
#
?
Jun 14, 2022 19:09
|
|
|
Eeyo posted:if it's staked and can't be taken out, what's the signal for the contract wallet to release the funds? like do they light the bat signal when it goes proof of stake, or is it somehow an official ethereum thing? or is there like some dude that said "uhh yeah i promise to click the button when everything is proof of stake"? it won’t matter because the money* will be stolen or lost by then to some combination of thievery and incompetence
|
|
#
?
Jun 14, 2022 19:13
|
|
|
The thing I've learned about Luna, Celsius and all their ilk is that they say that they can offer good returns because they are lending their coins but what they actually do is just invest into other guys who say pretty much the same thing. And they don't even bother to diversify or anything like that,. Oh yes, we have 2 billion dollars worth of other-people's-butts just deposit 83% of them into that one thing that offers 20% returns and locks the coins for 2 years, seems like a good idea. And they often do this using some sort of collateralized scheme that increases the risk of things going tits up by a billion percent. It is such a transparent grift.
|
|
#
?
Jun 14, 2022 19:25
|
|
|
trucutru posted:The thing I've learned about Luna, Celsius and all their ilk is that they say that they can offer good returns because they are lending their coins but what they actually do is just invest into other guys who say pretty much the same thing. And they don't even bother to diversify or anything like that,. Oh yes, we have 2 billion dollars worth of other-people's-butts just deposit 83% of them into that one thing that offers 20% returns and locks the coins for 2 years, seems like a good idea. yeah exactly. like in principle, using deposits to loan money out and then paying some of the interest back to the depositor is just banking, but 1) the returns they promise would make bernie madoff blush, and 2) all the "loans" are just being used to speculate on other cryptos. the whole thing only works as long as everything goes up up up, and the moment it doesn't it implodes spectacularly
|
|
#
?
Jun 14, 2022 19:33
|
|
|
bitcoiners won't get out of bed for anything below a monthly double digit return
|
|
#
?
Jun 14, 2022 19:43
|
|
|
Eeyo posted:if it's staked and can't be taken out, what's the signal for the contract wallet to release the funds? like do they light the bat signal when it goes proof of stake, or is it somehow an official ethereum thing? or is there like some dude that said "uhh yeah i promise to click the button when everything is proof of stake"? please read my white paper on 'oracles'. it's 150,000 words long and amounts to some dude saying so.
|
|
#
?
Jun 14, 2022 19:46
|
|
|
so the idea behind crypto is: i have a box painted black with a big sparkly gold symbol painted crudely on the side. i theatrically place it in the middle of the town, and place 1000 dollars inside, and then produce a piece of paper, and say that this paper represents the 1000 bucks in the box. but whats more, if you buy some of the paper, then the money goes in the box, and the bits everyone has is worth more. its a simple, logical model and utterly wrong. firstly, what happens if, after some time, there are many people with boxes nearby all saying the same thing. of course my large (and a bit tatty) box is the original and best, but now theres lots of boxes with fun rules and monkey pictures and poo poo. so what happens if instead of taking money for strips of paper, i instead accept other bits of paper, or monkey pictures. every time i keep putting the poo poo in the box and claiming it is worth more, but obviously it's not any more. but this isnt the funny thing. this is all the sideshow to the main sting. the way the coins get in is the strips of paper get handed out to the people running the computers, which use ever increasing amounts of electricity and hardware, and that all costs money and thats where the real trick happens - the exponentially decreasing-sized* strips of paper get exchanged for money, but the money gets spent by the miners on costs and yachts. none of the token sales ended up in the box, they never have** of course in real life satoshi didnt even put 1000 dollars in to start it - the box is, and has always been, utterly empty. *lol **lmao
|
|
#
?
Jun 14, 2022 19:49
|
|
|
OzyMandrill posted:if you buy some of the paper, then the money goes in the box
|
|
#
?
Jun 14, 2022 19:54
|
|
|
OzyMandrill posted:so the idea behind crypto is:
|
|
#
?
Jun 14, 2022 19:58
|
|
|
someone make a match-3 game with dead crypto logos called "coindy crash", and then give me 2% of all profits because i'm the idea guy, thanks
|
|
#
?
Jun 14, 2022 20:25
|
|
|
biosterous posted:someone make a match-3 game with dead crypto logos called "coindy crash", and then give me 2% of all profits because i'm the idea guy, thanks i'll start the wiki
|
|
#
?
Jun 14, 2022 20:27
|
|
|
mrmcd posted:1) Lol at not even telling people to their face, just switching off their account and leaving a note in their Gmail.
|
|
#
?
Jun 14, 2022 20:32
|
|
|
Boxturret posted:bitcoiners won't get out of bed for anything below a monthly double digit return In whatever direction.
|
|
#
?
Jun 14, 2022 20:34
|
|
|
biosterous posted:someone make a match-3 game with dead crypto logos called "coindy crash", and then give me 2% of all profits because i'm the idea guy, thanks impossible, because there's just so many of them
|
|
#
?
Jun 14, 2022 20:47
|
|
|
HappyHippo posted:yeah exactly. like in principle, using deposits to loan money out and then paying some of the interest back to the depositor is just banking, but 1) the returns they promise would make bernie madoff blush, and 2) all the "loans" are just being used to speculate on other cryptos. the whole thing only works as long as everything goes up up up, and the moment it doesn't it implodes spectacularly stablegains promised literal enron shell company level returns and people went 'oh, that's reasonable' because the whole coin world is so absurd that mere double digit savings returns are considered low. it's incredible
|
|
#
?
Jun 14, 2022 20:59
|
|
|
https://twitter.com/itstimconnors/status/1536734104422522881 https://twitter.com/itstimconnors/status/1536734124542611456
|
|
#
?
Jun 14, 2022 21:48
|
|
|
PostNouveau posted:https://twitter.com/itstimconnors/status/1536734104422522881 lol. lmao. working as intended also quote:Therefore I vote YES on this proposal this is the last thing i expected from you, robert
|
|
#
?
Jun 14, 2022 21:54
|
|
|
on the one hand telling big investors to gently caress off is hilarious, on the other hand pissing off any real money folks who haven't unwound their crypto positions yet is also hilarious
qirex fucked around with this message at 21:57 on Jun 14, 2022 |
|
#
?
Jun 14, 2022 21:55
|
|
|
decentralization means I can do what I want, when I want, where I want, to whom I want, with zero consequences wait why won't anyone pay me to do this any more
|
|
#
?
Jun 14, 2022 21:56
|
|
|
https://twitter.com/itstimconnors/status/1536734159816695808?s=20&t=-ZyIFI4M2mDbBASaiwsBpg first time the sparkly, white web3 takes such a big reputation hit
|
|
#
?
Jun 14, 2022 22:50
|
|
|
refleks posted:https://twitter.com/itstimconnors/status/1536734159816695808?s=20&t=-ZyIFI4M2mDbBASaiwsBpg The bitcoiners are about to speed run Delaware corporation law.
|
|
#
?
Jun 14, 2022 23:17
|
|
|
wait what
|
|
#
?
Jun 14, 2022 23:34
|
|
|
Nostalgia4Butts posted:wait what a lotta y’all still don’t get it YGG holders can use multiple slurp juices on a single coin. so if you have a majority of YGG DAO’s voters and 3 slurp juices, you now have 3 new DAOs!
|
|
#
?
Jun 15, 2022 00:07
|
|
|
Neito posted:while you wait please listen to the dogecoin song. You can't make me.
|
|
#
?
Jun 15, 2022 00:12
|
|
|
|
| # ? Jun 6, 2024 23:40 |
|
|
It's more money for less money. Seems like a stellar deal to me.
|
|
#
?
Jun 15, 2022 00:15
|
|
