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SettingSun
Aug 10, 2013

Sure, I'd love to simultaneously play 4 lovely interconnected games at once so I can be even remotely competitive in the one I care about.

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SettingSun
Aug 10, 2013

The Flexa whitepaper was a good read. It crucifies conventional payment processors and paints Flexa as the savior. But it seems its primary purpose is to generate profit for the wallets that stake the intermediary coin. Mass adoption would require a significant expansion of the staking pool lest it run empty. And what's the backup plan in case the staking pool runs dry? The whitepaper doesn't go into it. I assume a complete collapse of the network.

SettingSun
Aug 10, 2013

Rotten Red Rod posted:

It's amazing, I remember my first interaction with a crypto bro ~8-9 years ago and it was exactly the same. He'd blather on about the technical intricacies of blockchain, and I'd ask, "Ok, but what does it actually DO better than our current system?" and he would just continue with his previous rant as if that answered my question.

The Flexa whitepaper attempts to address this, but doesn't really back it up.



The first is laughable (and isn't the only one). In payment cards alone there are dozens of choices targeting every possible market.

SettingSun
Aug 10, 2013



They forget the core tenet of war, where application of might is better suited to destroying your crypto infrastructure than it is to building my own.

SettingSun
Aug 10, 2013

I was checking up on Axie Infinity after reading that insane screed about interconnected videogames. Nothing interesting with that besides the big downturn it's in but the site I was reading had a stock ticker for crypto and I can't believe they let this roll up there:

SettingSun
Aug 10, 2013

Startups are wild. Ten tears ago an old friend of mine sold his cloud computing startup to Cisco for enough money for him to retire at 30. Last year, another friend took a job at a biotech startup. Headed by a high energy visionary CEO, that company was constantly hiring and hosting galas for foreign dignitaries and poo poo. Then one Monday they had an all hands meeting and told everyone their money was running out with no new investors or buyouts in sight. So to limp the company along they downsized the lab and fired 80% of the staff, including new hires and C-levels they JUST hired on (she was one of the dozen or so retained). By the time she left for other work the future of the company was still uncertain and they were beginning to stop paying vendors because they had no money.

SettingSun
Aug 10, 2013

Why are these idiots so obsessed with making videogames? They take time, money, skill, and leadership and I'm not sure I've seen a single crypto related project that shows they have even one of those.

At least I understand they primarily want to make pvp mmos: because it's about exclusion and superiority over their lessers.

SettingSun
Aug 10, 2013

I'm just waiting for the day someone goes "we need to make sure the exchanges are held accountable for their user's funds" and completes the history of finance speedrun by creating a regulatory authority.

SettingSun
Aug 10, 2013

Bring back the slide rule imo.

SettingSun
Aug 10, 2013


This is incredible. They're smashing two things together: turning authorship into a stock market(????????) and crypto technology and trying to argue that these two concepts are inseparable. Taking the crypto out of it just lays bare what an absurd idea it actually is. "Investing" in a book and having it pay out if it becomes a runaway hit. Nevermind the fact that barely a fraction of a percent of all books published makes anything at all, and smaller still become hits. God. These idiots have never been to a book fair and observed who really is buying the majority of books.

SettingSun
Aug 10, 2013

"Users earn $TOKEN for [whatever]." And yet they never answer (or rather, never questioned on) why they could not just be paid in dollars.

SettingSun
Aug 10, 2013

Sir Gladu posted:

Someone looked at that awful Tascha thread and came up with even worse web3 idea, somehow : https://twitter.com/h4rukee/status/1551708025894977536?t=qPhE-jnrkWSncBLnDGjyKQ&s=19

This is one of my new favorites. By what mechanism do these visionaries think can force policy execution? Sure let me just input this smart contract into the government.exe code...

SettingSun
Aug 10, 2013

Today I'm scheming of ways to tokenize, gamify, and transactionalize my furniture. This loving bookshelf is just sitting here, holding books, and generating no wealth for me.

SettingSun
Aug 10, 2013

Staking is those networks "priming the pump" so the ecosystem has something in it for things to function.

SettingSun
Aug 10, 2013

That guy trying to find his HDD in the dump is going to experience karma in the fiercest way when he actually finds it but it is irreparably damaged.

SettingSun
Aug 10, 2013

Zopotantor posted:

You’re not thinking far enough. Start the DAO to raise money for buying the landfill, then start selling digging claims on parts of the landfill. There’s probably a third level that I just can't think of right now.

Selling NFTs of chunks of the landfill NFTWorld style.

SettingSun
Aug 10, 2013

Most of my context for what crazy cryptobros are doing is from Line Goes Up. And in that, Olson says that it's akin to prayer to reinforce community (because without community these dolts have nothing).

SettingSun
Aug 10, 2013

Wasn't the marketing director of Celsius an adult actress? Porn actors are people so there have to be devoted cryptogals in there somewhere.

SettingSun
Aug 10, 2013

That case has a lot of implications because it purports that payment processors are themselves responsible if platforms use them for illicit purposes knowingly or not. Who is to say that if crypto takes its place (it will not lmao) that the same thing won't happen to them?

SettingSun
Aug 10, 2013

Reading Tarot is more fun than finding and naming patterns in stocks. At least I get to look at some cool art (depending on the deck).

SettingSun
Aug 10, 2013

I am deeply drinking the irony that the blockchain, one of whose pillars is its open, immutable ledger, is being undermined, again, by a highly visible obfuscation platform.

SettingSun
Aug 10, 2013

I sure have full confidence in any business looking to be taken seriously that puts out alerts full of emojis and memes.

SettingSun
Aug 10, 2013

Ah yes, the public ledger. Because no one would be craven enough to lie to your face and also write it down. And I suppose he didn't read the article the other day about Tornado Cash.

SettingSun
Aug 10, 2013

Corridor Crew is best when they have industry folks on and just let them talk about film special effects.

That said, lol that some cryptobro out there thinks usurping their platform will help push the crypto message.

SettingSun
Aug 10, 2013

If anything that thread tells me I should do federal work, especially since I do not hold the belief that the government is literally robbing me when I pay my taxes.

SettingSun
Aug 10, 2013

ilmucche posted:

why would you quit what sounds like a great job

Because it was COMPROMISING my MORALITY and ETHICS.

pls buy bitcoin

SettingSun
Aug 10, 2013

The concept of a work/life balance is uncapitalistic and thus probably near the same level as taxation to that person. You're not living if you are not working.

SettingSun
Aug 10, 2013

I don't think I can name even one actual brick and mortal business using blockchain for anything.

SettingSun
Aug 10, 2013

If Bitcoin took off two decades earlier it would have been a central plot element in Metal Gear Solid 4.

SettingSun
Aug 10, 2013

I am extremely curious of the day-to-day of someone working at the crypto.com offices.

SettingSun
Aug 10, 2013

I wonder if I can start my own stablecoin if I yell loud enough I'm totally backing it with real money. Somewhere. Honest.

SettingSun
Aug 10, 2013

For an entity trying to seem transparent, it is suspect to show so proudly this weaselly "audit".

SettingSun
Aug 10, 2013

How could any NFT even be a blue chip. The market is too new and too volatile to develop silly things like a positive reputation. Just another term coopted from finance to give it the air of legitimacy.

SettingSun
Aug 10, 2013

It's still hard to believe these weirdos are genuinely pushing for extra unnecessary steps in the typical transaction process which only result in the enrichment of the third party and don't improve the transaction itself in any way.

SettingSun
Aug 10, 2013

Centralization is completely unavoidable as a matter of scale. They can't have it both ways of being decentralized and also adopted en masse.

SettingSun
Aug 10, 2013

I assume most places convert to cash if their system is down because while most POS systems can totally still "run" credit cards (by just putting it in the batch and trusting that you would have pre-authed if you could) they don't because the fraud risk is much higher that way.

SettingSun
Aug 10, 2013

Do estate services include nowadays protected account management? I imagine as part of drafting a will the lawyer will ask for all sensitive info so it can be disseminated. This story seems like a good reminder of that.

SettingSun
Aug 10, 2013

Why is she paying the expert for doing no work. Scheduling a meeting then canceling is not a $350 event.

SettingSun
Aug 10, 2013

PhazonLink posted:

not to knock on game genres, but it seems weird that the turn base rpg-like genre get all this lcd and scam poo poo. like why?

like I guess this is actually a question on why skinner boxes are successful, but like why?

It's because the dummies behind these projects are nerds who grew up playing them and that's what they like, not because of any focus testing or business acumen or anything.

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SettingSun
Aug 10, 2013

Wait are they suggesting they should intentionally exploit the poor for the sake of it? Paying someone to act as an npc rather than just coding one? Jesus.

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