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Is that what the LBC is doing? https://lbc.cryptoguru.org/about
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# ¿ Aug 7, 2023 23:43 |
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# ¿ May 21, 2024 21:56 |
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When they're like 2 cents, on par with some other virtual asset from a steam game or the like then they'll be in line with reality
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# ¿ Aug 17, 2023 16:27 |
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Cyrano4747 posted:Nah, I can use weird steam emotes to bother my friends and once in a while they'll have a background that will actually look pretty cool. I meant those game virtual trading cards. I don't know if they're still a thing.
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# ¿ Aug 17, 2023 17:13 |
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There's a guy on my team, smart dude, gregarious for whatever that is worth, works hard, totally into crypto. If I had to guess he probably has little experience with real investments and his career started getting serious about the time crypto bloomed. But I'm not sure. On the upside he doesn't pitch them or talk about them other than them coming up one day.
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# ¿ Aug 21, 2023 17:49 |
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Random Stranger posted:I'm genuinely amazed that there was still $200 million in crypto to steal. Or is this a case where it's "$200 million". The "$200 million" comes from the multiplication of the total number of coins mined/minted/etc times the price. My guess is here someone took the highest price they ever traded for or were reported to trade for and multiplied that times the number of coins supposedly in the system. It's all fantasy.
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# ¿ Sep 18, 2023 22:16 |
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WSJ is reporting Binance is "melting down". It's behind a paywall though. If they're saying it I'd believe things are dire. https://www.wsj.com/finance/currencies/the-worlds-biggest-crypto-firm-is-melting-down-338b8e17
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# ¿ Sep 26, 2023 14:41 |
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I've been watching the BBBY saga for frickin' months and at this point, much like many of the "investors", I'm ready for it to be over. I get the people holding because their position is worth peanuts now and not worth closing. But the guys who jump through hoops calling their brokers, setting up new accounts with shady trading places (what the hell is Moo Moo) so they can place buy orders STILL, like today, boggle the drat mind.
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# ¿ Sep 27, 2023 22:44 |
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Strong Sauce posted:I do feel a sense of pity for this guy. I mean he seems like a piece of poo poo but also wonder how much that had to do with the pandemic. I had issues with my parents during the pandemic and while it's subsided a little due to some money coming their way, I don't know if my relationship will ever be the same due to what happened. One of the things most people don't talk about is how the pandemic completely hosed with people's mental well being. Like beyond the physical illness that was COVID, being stuck inside and not being able to go out, all the financial uncertainty, and everyone with way too much time was just a huge catalyst for this crazy conspiratorial thinking where people think random stocks will make them rich. I'm not sure that aspect has really been covered well at all. So I could totally see conspiracies and investment bad decision making being exacerbated by everything that went down. The relief checks put cash into a lot of peoples' hands that never had a grand or whatever dropped into their hand like that on top of everything else. I don't know if that led to some poor financial decisions or not.
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# ¿ Oct 5, 2023 22:10 |
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red19fire posted:Worked out well for Marilyn Monroe and Michael Jackson. The more I hear about this guy the more I think it was just naive and stupid. His parents may have had a nefarious plan; I just don’t see it with him.
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# ¿ Oct 13, 2023 14:45 |
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Who was that guest segment on Bruce's show (his friend I think), Dr. Frugal or something? Also that Mark guy apologizing in bad Japanese while bowing for committing fraud.
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# ¿ Oct 23, 2023 17:43 |
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Good quick read https://www.theverge.com/2023/10/26/23931777/ftx-sam-bankman-fried-prosecution-case-friends-family
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# ¿ Oct 26, 2023 16:31 |
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my all time fave
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# ¿ Nov 1, 2023 16:07 |
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Madoff got like 150 years. He lost 5x the money or so?
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# ¿ Nov 3, 2023 05:09 |
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Salt Fish posted:The odds are very good that a sha-256 collision has never happened, and unless there's a major bug, that it will never happen. The number of possible sha-256 hashes is larger than the number of atoms in the universe cubed. https://lbc.cryptoguru.org/about Also Wired has an article behind a paywall saying the crypto community is celebrating SBF's conviction, saying the fraud was a dark spot on crypto they are eager to move past and I'm wondering how the giant list of previous frauds/pulls/'we were hacked' doesn't count.
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# ¿ Nov 3, 2023 20:48 |
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Wonder how liability works in HK these days. You'd think attendees could sue the organizer but it's China so it might just be tough titty.
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# ¿ Nov 6, 2023 17:57 |
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This may be the room that zapped them. An 'art bathroom' https://twitter.com/crypto_birb/status/1721222853394121193/photo/1
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# ¿ Nov 6, 2023 18:29 |
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LifeSunDeath posted:the people who created nfts: 10/10 scammers, cracker jack job being a con artist I also went down the whole secret nazi rabbit hole. People are free to believe but they want but it looks like complete BS to me. The allegations were made by a guy who sold copycat apes (ugh) who was successfully sued by the BAYC team. Their rebuttal is here: https://medium.com/@team_69582/a-letter-from-the-founders-678e5a3431e7
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# ¿ Nov 8, 2023 21:37 |
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Iran used crypto and shady cash exchanges to circumvent sanctions and move hundreds of millions to Hamas. https://www.wsj.com/world/middle-east/hamas-needed-a-new-way-to-get-money-from-iran-it-turned-to-crypto-739619aa
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# ¿ Nov 14, 2023 16:15 |
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Collateral Damage posted:I don't think you can even buy drugs with bitcoin any more since it's laughably easy for law enforcement to trace every transaction.
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# ¿ Dec 5, 2023 21:08 |
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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.
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# ¿ Dec 14, 2023 02:12 |
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I would assume yes, you can write it off in the event of theft. The biggest issue with Crypto and taxes, well besides the potential for IRS getting up in your stuff as you pointed out, is that every time you spend some you create a taxable event that must be accounted for in your annual taxes if it is worth more than when you purchased it. Every use triggers a capital gains (or losses) event.
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# ¿ Dec 19, 2023 23:16 |
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Still grandma went to the source and didn't try to pay over the phone. It's about a good a response as any if someone were going to take action on a scammer's con, especially from an old person.
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# ¿ Dec 28, 2023 17:00 |
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https://youtu.be/zB55vXXawpU?si=AQNg5tdMqHAMJNHV
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# ¿ Dec 29, 2023 05:53 |
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Moving it to traditional rails is the best they can get. Levine is brilliant here. It's never going to replace dollars or electronic transfers etc. All they can hope for to get more people involved in the system is an easy to purchase and sell fund.
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# ¿ Jan 5, 2024 01:12 |
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Foxfire_ posted:The root stock buying argument is "Even though they aren't going to pay me anything right now, they will eventually run out of new areas to exploit and start paying a dividend (even if that's 30 years from now).
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# ¿ Jan 23, 2024 16:03 |
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Amazon's strategy for a long time was to aggressively reinvest in themselves, prime memberships and video and music content and delivery, distribution centers, delivery services, own product lines, prescription services, etc. I'm not sure what they are targeting next but they have sunk their tentacles into a lot of industry. What juggernaut is even left? Education? Hospitals? Retirement living? The stock was relatively flat for a really long time but eventually all that reinvestment paid off. Had they been paying dividends who knows how their growth would have been negatively impacted. As an aside just because it's interesting Bezos went to 60 people when he was building Amazon. quote:In 1994, Jeff Bezos, a then 30-year-old hedge fund manager, was seeking funding for a revolutionary idea: an online bookshop. To realize this vision, Bezos embarked on a quest to secure investments of approximately $50,000 each from potential investors, primarily targeting family members, friends and others who might be willing to take a risk on his concept. He did an interview a few years ago stating that some of the people have accepted their decision to invest and moved on but for some it's still extremely painful to accept. It would have been a risky gamble and no one can predict the future but I'm sure it smarts.
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# ¿ Jan 23, 2024 16:11 |
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ranbo das posted:Amazon has been pretty much up and to the right (minus that business around 2001) Growth companies are valued for their growth, not predictable returns. E: I should have showed their small profits over most of their business life to illustrate the reinvestment approach the business took vs paying a dividend. Big Ass On Fire fucked around with this message at 17:27 on Jan 23, 2024 |
# ¿ Jan 23, 2024 17:14 |
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BrewingTea posted:Is there a thing that will force Amazon (for example) to start paying dividends at some point? There's no rule or anything. It's - if you cannot grow but you make a predictable profit, you can return value to your shareholders by buying back shares from the public, which drive up the price, or by paying dividends.
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# ¿ Jan 23, 2024 18:01 |
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BrewingTea posted:Ok, but *why* would you buy back shares? It might make the price go up, but that doesn't make *you* money. In fact, it costs you money. They can turn around and sell it later at a higher price or just be a company which is a more valuable entity for mergers, acquisitions, eventual sale whatever.
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# ¿ Jan 23, 2024 18:18 |
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Sure, when the stock price goes up everybody is happy. Unless you're shorting the stock but that's an entirely different discussion. Publicly traded companies have a duty to provide value to their shareholders period. If a company were to sit on profits and not grow, not provide dividends, the board would pass resolutions to change things which shareholders would vote on.
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# ¿ Jan 23, 2024 18:39 |
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The most pure and righteous man on earth, Larry David, is calling himself an idiot for doing the FTX ad. I feel like some balance has been restored to the world.
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# ¿ Feb 1, 2024 17:20 |
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FWIW I really like Larry David based on the character he plays in Curb to the point of if I wanted a bumper sticker on my car I'd get one that says WWLD: what would Larry do. He's rich already but I seriously doubt he's nerding it up and has any understanding of what the product was nor I don't think a spokesperson should be held liable for what they promote.
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# ¿ Feb 2, 2024 21:09 |
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I don't see any rational investor shorting something with a tiny float that is easily manipulated. There's no balance sheet or market forecast, no consumption and production demand metrics. Buying and shorting btc is for the gamblers.
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# ¿ Mar 5, 2024 16:40 |
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divabot posted:we wrote up the number going up for a couple of minutes Great read.
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# ¿ Mar 7, 2024 00:16 |
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AmazonCrime And that isn’t even all the “As” I thought people encrypted their communications on those sites but it sounds like there was a fake native encryption that some people used.
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# ¿ Mar 12, 2024 05:12 |
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25 years for the biggest fraud in history doesn't seem like much but he'll likely be in for the rest of the prime physical (lol) years of his life. He'll be eating prison food and getting prison medical care and that can't do good things for the final ~quarter of your life, if you even live that long. A lot of people have a major medical event by that age too. Having said that if he gets all the good behavior credits available to him he could be out in half time. He seems to be intent on self sabotage and is full of hubris so good luck with that.
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# ¿ Mar 29, 2024 21:57 |
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How does RMS tiktok?
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# ¿ Apr 17, 2024 16:31 |
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# ¿ May 21, 2024 21:56 |
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Juul-Whip posted:what's the problem? they'll be made whole in kind, and 1 btc == 1 btc The victims won't be getting the bitcoins back, only the value of their account(s), if possible, at the time all the legal restitution proceedings were decided.
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# ¿ May 13, 2024 18:54 |