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There Bias Two posted:Is there a word or phrase for concepts that are couched behind so much esoteric jargon to make them seem more legitimate? Because blockchain is that. Bafflegab
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Nov 7, 2019 16:14
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Ketamine-2-go looks more and more like a legitimate business these days.
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Mar 19, 2020 17:36
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Comfy Fleece Sweater posted:each Tether is FOR SURE, truly, backed by 1 hard-minted erect US dollar, for sure, for sure! Each tether is backed by a dollar. Its just that they are all backed by the same dollar.
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Aug 6, 2021 05:22
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Hammerite posted:Wily Wizard NFTs - 10,000 wizards each with one of 10 different staffs, beards, robes, and hats Ok, but are some of the hats rare?
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Oct 11, 2021 22:02
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The Lone Badger posted:Thst seems like an unnecesary number of steps. Why not sell procedurally-generated collectible goatses? The economy couldn't survive all the capital flows that would drive.
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Nov 12, 2021 02:20
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GABA ghoul posted:I can't wrap my mind around this NFT ape jpeg stuff. I just don't get it. Back in the day when I was young we had cryptocurrency and it was used to launder money or trade drugs and child pornography. It was simple and it made sense. But this ape stuff that kids are into these days is just bizarre. I think all those pregnant spiderman needle YT videos weren't as harmless as we thought and now we are seeing the long term effects It's simple. Because there are lots of individual coins, there can be a relatively well established market for them. That means if you claim that some coin can be sold for some high price (to inflate the value of your holdings of that coin), other people will try to sell their to try to capture that value. But with NFTs, each is ostensibly unique. So if you sell yourself one for several million pseudo dollars, it is much harder for someone to capture that value by selling an identical (ie fungible) copy. This makes pump and dump schemes easier to inflate.
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Jan 3, 2022 16:14
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That nft videogame axie infinity sounds dire as gently caress.
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Jan 28, 2022 03:04
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jpmeyer posted:the problem is that you ultimately can't calibrate stuff like drop rates to make both players and "earners" happy. in order for stuff to be expensive, it needs to be rare. but if it's rare, people will get bored of grinding and give up on the game. meanwhile if the stuff is calibrated around it being realistic for players to get them through normal play, then it'll be cheap because nobody really needs to buy it since they'll just get the stuff by playing the game the way they always were. There is also the question of where the money comes from. A game or subscription service can be profitable because small amounts of money pulled from a large userbase can give a small number of people (the developers) large amounts of money. But if a large fraction of players are trying to get money, then that has to come from the other players. So either the players making money don't make much, or the players spending money have to dump tons in. While some people have had livelihoods as gold farmers, it wasn't an expectation that gold farmers would make up a significant fraction of the playerbase.
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Jan 28, 2022 17:14
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Crime on a Dime posted:Economics and ecology are words built on the same root – ‘eco’ – from the Greek word ‘oikos’ meaning home. Ecology is the study of home. Economics is the management of home. What ecologists try to do is to determine the conditions and principles that govern life’s ability to flourish and survive. Now I would have thought any other group in society would want the ecologists to hurry up and find out exactly what those conditions and principles are, so that we can design our systems to live within them. But not economists. We have elevated the economy above everything else and this, I think, is the crisis we face. The economic system that has been foisted on people around the world is so fundamentally flawed that it is inevitably destructive. We must put the ‘eco’ back into economics and realise what the conditions and principles are for true sustainable living. How do you explain home economics classes then, smart guy?
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Feb 2, 2022 15:48
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Hello Sailor posted:Probably very few? Tether claims to be equivalent to USD, but they don't actually cash out for USD. Why hasn't the tether price collapsed?
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Feb 10, 2022 18:07
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Sashimi posted:Sorry boss can't come to work today, some douche with a monkey avatar on Twitter locked me out of my car and is trying to claim ownership of it. Please stop talking about someone else's car and get your rear end to work.
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Feb 16, 2022 15:40
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Cyrano4747 posted:This is huge, and it's a huge part of why the disappearance of defined benefits plans (e.g. pensions) in favor of defined contribution (401k) is loving evil and has been a big part of destroying the middle class. Sorry, but defined benefit plans are literally evil, and are just another way the elderly are stealing from the next generations. It boggles my mind people stand up for them. They are completely unsustainable and the bagholders are subsequent generations who pay in to bail out the last but get nothing.
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May 29, 2022 18:58
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nexous posted:The guy who wrote
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Jun 8, 2022 16:14
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Hellblazer187 posted:If Biden made crypto crash it means he's done exactly one good thing, making him the best president in my lifetime. Who specifically would you say has been a better president in your lifetime?
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Jun 13, 2022 00:57
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Chef Boyardeez Nuts posted:Every page of that white paper is a painting https://davidjeremiah.blog/the-144000-in-the-book-of-revelation/
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Jun 14, 2022 04:02
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sticksy posted:No, they just bought the rights to the brand since it's recognizable Yeah, radioshack as it once was is completely gone.
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Jun 30, 2022 06:37
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Durzel posted:You have to admire the sheer gall at saying that it's more important to make up a load of bullshit about what your JPG project is going to do, than it is to actually deliver any of it. The real nfts were the friends we made along the way.
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Jul 6, 2022 16:17
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Three Olives posted:One of my favorite rich people things is a lot of them wear fake jewelry. But why, I thought they were rich? Well, you see, you can't just like wear a $500,000 ring around everywhere. So you buy the real ring, have a replica of the real ring made, put the real one in the safe and wearing the fake one is completely OK, because you still own the real ring, even if you don't wear it out to eat where it can get lost or stolen. Like magic card proxies.
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Jul 26, 2022 22:11
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*walks into room at a party to show off expensive jewelry*. "Scan the QR code on my ring to see the NFT of the diamond"
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Jul 27, 2022 15:49
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If anything, mining drives down the price due to the constant need to sell to buy more electricity.
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Aug 25, 2022 15:48
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I'd also say the only source of value in an NFT is the hype bubbles ability to draw in new suckers. Remember that tweet thread from a while back by an NFT booster that in all seriousness claimed that the best way to increase sales was to have a bunch of hyped, touted, and undelivered features in a roadmap, and that actual delivered features were only going to expose the reality of the scam? I'd agree with that in the sense that since hype is the only value, these projects need to pump that as much as possible. So the people who buy in are there because of the hype, and they have a vested interest in contributing to it.
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Sep 3, 2022 19:45
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squirrelzipper posted:I mean maybe for some, from what I hear it’s less surge pricing and more keeping up with volatile input prices and regional availability. Particularly now. Surge pricing prolly coming at some point tho. Restaurants have always had surge pricing, it's called the dinner menu.
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Oct 5, 2022 04:53
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Cowcaster posted:insane with the news that a bitcoin exchange is 8 billion in the hole and has been laundering money for a sanctioned country is still being followed with it creeping up back towards 16k but here we are Those are 2 different exchanges
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Nov 9, 2022 23:32
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erosion posted:Kinda feels like people forgot or never noticed the dude admitting he was running a Ponzi scheme months ago: All of crypto is a Ponzi scheme.
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Dec 1, 2022 18:26
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more falafel please posted:We brought RMS in to speak at my college because we all loved I mean, this is a reasonable and honest answer.
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Dec 9, 2022 18:42
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Boxturret posted:Step 1: decide to turn all your game items in to nfts All games based on gurps
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Jan 6, 2023 12:56
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Southern Cassowary posted:How much is this going to affect the exchanges? Will they be completely hamstrung and be dealing with huge bank runs and die, or is this something where it'll be easy to concoct a workaround to keep business as usual? I know Swift is very important for international finance but I don't really know how it functions at the transaction level. The Binance message on Twitter makes me hopeful for the former, but blockchain and crypto refuse to loving die. The tweet was wrong. Another one in the replies said it was the bank, not swift.
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Jan 22, 2023 02:20
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notwithoutmyanus posted:So lately crypto circles have been big on... NFT's on the Bitcoin Blockchain. I don't know why but they're doing things like ripping off NFT's from other blockchains. Right click still wins. What if you got rich for having an early ICQ number?
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Feb 14, 2023 05:40
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Salt Fish posted:Social media was an instant smash success and the same minute the technology was created it was everywhere like a plague. The time between facebook allowing non-college emails to sign up and my grandma having an account was like 3 months. The early social media sites (Friendster, MySpace) were so popular they became unusable at peak hours.
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Feb 26, 2023 00:33
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Wall Balls posted:gonna launch a line of NFTs that's 100000 randomly generated lists of nested checkboxes and just skip the performative step of making artwork The low numbered ones are worth more, right?
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Mar 15, 2023 16:56
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I wonder what nonsensical schemes the same kind of people were getting into a thousand years ago.
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Jun 26, 2023 20:39
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RocketMermaid posted:It's sad that all this time and effort could go into something interesting or helpful or meaningful, but instead it goes into mathematical fanfiction to prop up his dreams of being rich. Presumably the inability to critically examine their own bullshit is correlated with them not being particularly productive.
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Jul 14, 2023 23:03
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To argue that a lack of free will means that punishment is not useful is merely an excuse to avoid punishment. You could easily say the opposite. If one lacks free will, then their choices are strictly determined by their environment, and a robust and harsh system of punishment would be a necessary part of the environment to dissuade free will-less beings from committing crimes.
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Sep 20, 2023 03:03
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Boxturret posted:nice cannibalism cult you've got there If the catholics didn't keep eating jesus, he would come back Akira style.
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Nov 8, 2023 22:49
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Salt Fish posted:Cops shouldn't exist at all. If you decide to become one that is enough evidence to demonstrate mental illness, which I already mentioned. 
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Nov 14, 2023 06:12
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What if you could toast bread from the inside out?
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Nov 14, 2023 20:19
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The underlying premise of Juicero was a pseudomystical idea that juice had to be pressed immediately before consumption to preserve some vital life essence. Otherwise you can already buy bottled juices.
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Nov 15, 2023 01:57
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Lammasu posted:Guy is doing something with raw water now. Hope he gets the shits. That was in 2017 when juicero failed. It looks like he's into sprouts now.
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Nov 15, 2023 02:27
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zedprime posted:Adding my dick to the dick chain so my dick still exists after I win the Pain Olympics so I have my dick and eat it too. Please, it's the cock chain.
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Nov 15, 2023 02:39
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Boxturret posted:Have either of them gotten to the point where they have to pass things through a living animal's digestive system yet? Does yeast count?
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Nov 15, 2023 04:20
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