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I thought the gist of that tweet is that there are "bitcoin" dudes and there are "crypto" dudes and don't piss off the bitcoin dudes by talking about crypto because bitcoin is good and pure but the other crypto is bad and scammy.
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Mar 30, 2022 22:12
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Durzel posted:Aside from the grubbiness of it all it is rather fascinating how these things conjure up value from a critical mass of people believing that they are valuable. The fact that digital assets can be copied at no cost, and the notion that this is somehow bad or irrelevant in the sphere of NFTs, i.e. how "digital scarcity" is actually A Good Thing is just incredible. I read an article that described the vision of NFTs as "a virtual world where we have finally solved the problem of how to create scarcity when nothing is real" which is just a brilliant description. To libertarians, the fact that digital stuff can be copied for virtually no cost is a problem, and NFTs are the solution. The whole article is worth a read: https://www.gawker.com/culture/the-future-is-useless-expensive
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Apr 6, 2022 17:30
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Main Paineframe posted:In theory, the blockchain lets you check the history and origin of a NFT, so it's trivial to tell whether a crappy ape jpeg is an original Bored Ape from the original Bored Apes collection or a right-clicked and re-minted copy. The real fun happens if there's a blockchain fork.
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Apr 7, 2022 16:52
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the holy poopacy posted:Was driving around and saw a payday loan place advertising WE SELL BITCOIN (but no mention of buying.) Kinda tells you everything you need to know about which side of that transaction the sucker is on... All the Bitcoin ATMs I've seen only sell Bitcoin
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Apr 10, 2022 20:08
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IBroughttheFunk posted:Found in another thread: quote:NFTs are the human capacity for visual expression as understood by the guy at the vape store.
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Apr 13, 2022 14:54
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Definitely not a cult
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Apr 15, 2022 02:16
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happyhippy posted:https://twitter.com/ApeStarzNFT/status/1517183544694652929 why is it always loving apes wtf is wrong with these people
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Apr 24, 2022 18:04
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repiv posted:they're cargo culting BAYC or just hoping clueless people will confuse them for BAYC Would you say they're aping BAYC?
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Apr 24, 2022 18:18
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istewart posted:This landed in one of my spam boxes last week: It was about this point when my brain shut off and I couldn't read anymore. What kind of person is into this poo poo?
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May 5, 2022 13:48
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Darth TNT posted:https://twitter.com/web3isgreat/status/1522366891481870336?s=20&t=-nFmveWuGAdRtvKpp5NNKg The guy they "confiscated" the tokens from already threatened to sue them too: https://twitter.com/web3isgreat/status/1520824099525824512 I thought the point of crypto was that code is law and no government or bank can take your money? Oh well
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May 6, 2022 15:39
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LifeSunDeath posted:What drug does this? What drug makes people think this poo poo will happen, and then pay an architect to build a model of it (I'm assuming with actual money not flimflam bucks)? People in power often lose touch with reality, especially if they're the kind of person to punish or push out anyone in their circle who gives them bad news or tells them they can't do something.
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May 10, 2022 19:06
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May 11, 2022 01:38
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Why have I never read r/CryptoCurrency before, this poo poo is hilarious   
HappyHippo fucked around with this message at 02:12 on May 11, 2022 |
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May 11, 2022 02:01
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I wish this could be a thread title
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May 11, 2022 13:30
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Aramis posted:The LUNA algorithm was never meant to actually run at all, wasn't it? The idea was probably that the mere existence of the algorithm was enough to cause buyers and sellers to self-regulate the value of UST in a sort of chess-like "the threat is more powerful than the attack" sense, I guess? What? I'm pretty sure it's running, that's why billions of LUNA have been printed in the last few days.
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May 12, 2022 16:42
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Aramis posted:I'm not saying that it's not running at all, but that it was never meant to. I think it was more that it was running and "worked" so long as deviations were small, but once there was a larger deviation the house of cards fell over. Fundamentally it was based on people having confidence that LUNA was worth something, once that was lost it went to poo poo all at once.
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May 12, 2022 16:52
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stability
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Strong Sauce posted:https://twitter.com/itsloganshippy/status/1524692492817473537 This dude also said his wife was "good at making babies but bad at investing" Edit: https://twitter.com/itsloganshippy/status/1504983994575855619 HappyHippo fucked around with this message at 18:53 on May 12, 2022 |
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May 12, 2022 18:40
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priznat posted:What is this “grinding” they speak of anyway. Working a real job like a scrub
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May 12, 2022 20:47
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Deptfordx posted:The link below has a really good detailed explanation This is for UST, not tether
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May 12, 2022 20:56
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Spaced God posted:I'm really dumb how the gently caress does stopping a blockchain enable someone to steal $13M? So two things: 1) A lot of "blockchains" aren't even decentralized, or are only slightly so. The "validators" of the terra blockchain all got together and stopped processing transactions. I don't know enough about terra to know if all those validators are controlled by the same entity or merely a cartel. 2) A bunch of poo poo runs on "smart" contracts, where code is run on the blockchain. However these contracts can only "see" information in the blockchain. The big issue is how do you get information from the outside world into the blockchain? Enter "oracles," which provide outside information to the blockchain (note the obvious issue here that we are now trusting these services to provide accurate information into a supposedly "trustless" network). Well the whole terra thing needed to know the price of terra in USD in order to (try to) maintain it's $1 peg, so they made an oracle for that. Then other people built smart contracts that relied on that oracle, apparently assuming it would be online forever. When terra decided to go offline, they paused their oracle, and these "smart" contracts became exploitable because they no longer had access to the information the oracle was providing.
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May 13, 2022 15:02
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Chef Boyardeez Nuts posted:Eighty percent of innovation in the last two decades was "an app that allows you to avoid existing regulation." Yup. Plus dressing up a traditional business as a "tech" business. Uber is just a taxi company, Airbnb is in the hotel business, WeWork is literally just renting out office space, but you can't pull in billions of VC money that way; it's got to be an App. At best the innovation is, as you say, ignoring regulations.
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May 13, 2022 15:55
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Double Bill posted:I'm guessing the miraculous recovery hasn't happened yet Nah bro you gotta log chart that:  See?
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May 15, 2022 18:55
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May 16, 2022 13:46
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Normally they print a bunch of tether to pump up the price. I suspect how they run it is, they print a bunch of tether, give it to some entity, which writes them an iou of the equivalent money, and then that entity buys bitcoin. Tether then claims that the tethers are "backed" by that iou (which is itself backed by bitcoin). Regardless of the details, i think ultimately the majority of tether is "backed" by bitcoin But the market cap of tether is dropping, not increasing. I suspect the issue is that tether is below the $1 peg and has been for a while. With everyone spooked following what happened to ust, the last thing tether wants is a bank run on tether, which could crash the whole market (especially since the bitcoin backing tether has dropped in value so much). So they're not going to risk printing a bunch of tether to pump up bitcoin right now, which could send the price lower. Instead it looks like bitcoin is being sold and cashed out, reducing the tether supply in an effort to keep it at the peg.
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May 16, 2022 17:24
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Sophy Wackles posted:This is really good even though the lecturer is obviously a bit internet poisoned. Pretty funny, at 38:30 he offhandedly mentions that "algorithm stablecoins are snake oil that implode spectacularly" This was posted in February
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May 18, 2022 19:08
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*wastes life savings on magic beans* That's ok, what even is money anyways? Makes you think. Just keeping it real here.
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May 19, 2022 13:26
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icecastle posted:Because if you loaned them the UST they promised a 20% APR. Somehow people didn't think this was a ponzi Yeah that line about how they weren't "investing or speculating," is bullshit. They're trying to make themselves look like innocent victims, but the reality is they were being greedy as hell chasing returns that even Bernie Madoff wouldn't promise.
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May 19, 2022 13:30
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Random Stranger posted:From what I remember from my IC manufacturing courses, neon isn't used in every process. And since it's used to keep a neutral environment, it's potentially possible to substitute another noble gas. But I'm sure there's weird complications there that mean you can't just swap out the neon bottle for an argon bottle. I thought the neon was for the lasers?
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May 19, 2022 16:45
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Random Stranger posted:Maybe it is, but I'm thinking of transistor construction where at least one method involves throwing reactive material around and letting it build up deposits. I'll concede I could be off on how neon is used and where, though. Here's a good rundown on the situation: https://www.rdworldonline.com/why-theres-a-neon-shortage-and-why-it-matters/ Basically, it's used for the lasers. You need a continuous supply because it eventually gets contaminated. You can make neon anywhere, but economies of scale favour huge air separation plants, which produce the neon as a byproduct. Ukraine has these huge plants to supply the local steel industry. With those shut down, the cost of neon will go up.
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May 19, 2022 17:19
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divabot posted:Josh Greenberg, who was trying to get Matt Gaetz a preemptive pardon for screwing underage girls, and had six charges against himself for the same thing. Didnt they get caught from their Venmo payments? No wonder they want a (pseudo-) anonymous currency
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May 19, 2022 23:26
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Kill All Cops posted:You left out the part of the quote where one of the guys calls it a shitcoin Or this part: quote:"No, it’s not a poopy coin, man,” Cherwenka told Gray. "No, it’s not a poopy coin" could be a thread title
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May 30, 2022 19:59
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DaveWoo posted:https://twitter.com/lachlan/status/1531962587788808193 Best part of this one is not feeling the slightest bit bad about the people who lost their money.
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Jun 1, 2022 17:15
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https://twitter.com/tip_nz/status/1532106554803007488?t=zg5IhTE_qFh6CfDKKdXgog&s=19 Totally not a cult
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Jun 2, 2022 15:12
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Booyah- posted:https://twitter.com/BennettTomlin/status/1518605021734227968 "Do not click links" jfc imagine having your life savings locked up in something where you could lose it all clicking the wrong link
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Jun 5, 2022 00:13
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Random Stranger posted:"Huffing asbestos is pretty bad for you!" Cultivating a community where all doubters are considered untrustworthy has a great track record and is definitely a great way to not get scammed
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Jun 6, 2022 15:44
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pippy posted:Is this particularly meaningful? This would only be the real exchange rate if Celsius dumped all their stETH into this one liquidity pool all at once: The difference is if there's a run on your bank the feds have the assets backed up.
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Jun 6, 2022 15:45
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Just checked out this shitcoin, Love an asset that loses 90% of it's value in a year. Great stuff.
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Jun 6, 2022 15:55
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The GET poo poo DONE guy is the smart guy in that
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Jun 6, 2022 20:03
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Interesting article. Some research showing what's long been suspected, that the vast majority of mining power is concentrated in a few entities. Mostly focused on the early years of bitcoin, but one interesting part is that at one point there was an entity controlling >50% of the mining power.
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Jun 7, 2022 22:03
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Gotta get the banks out of the picturequote:The network includes various exchanges and financial institutions to provide compliant settlement across multiple jurisdictions. Oh
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Jun 8, 2022 00:16
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