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more falafel please
Feb 26, 2005

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hot cocoa on the couch posted:

lmao imagine reading this to a normie. just a regular person. hell just read it back to yourself. what trhe gently caress lol

a lot of y'all still don't get it.

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more falafel please
Feb 26, 2005

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drk posted:

so, they discovered an ape dupe bug? or was the slurp juice just funge juice all along

no, this was on purpose. a slurp juice token was a coupon to mint new apes, but only for current ape holders.

more falafel please
Feb 26, 2005

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IBroughttheFunk posted:

That helps clarify things better than most of the articles I've gone out of my way to read to try and understand what the gently caress crypto, blockchain, NFTS, actually are and what people see in them.

Blockchain has always felt like the ultimate thing in need of an actual purpose. I have yet to see a justification for blockchain, just people claiming "[Thing that absolutely does not need blockchain] will work better on blockchain," and then providing an explanation that at best, just highlights how absolutely useless it is.

I forget if it was here or the buttcoin thread but to quote the lecture on crypto that got posted yesterday, the only use blockchain has is as a filter. If someone says "we can put X on blockchain" they don't know anything about X and their opinions can be safely ignored.

more falafel please
Feb 26, 2005

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Zwabu posted:

Okay just off the top of my head here is a random list of terms that I’ve encountered exclusively or primarily through the world of crypto. FUD. Hodl. Strong hand weak hand paper hand etc. Moon. Rugpull. Defi. Nocoiner. I’m sure there’s a bunch that have come out with the advent of NFTs.

I’m assuming NFTs aren’t all priced at millions of dollars and there’s a range down to cheaper ones, but is the whole point of stuff like twenty million dollar ape NFTs to swing your big crypto dick around and show that you’re one of the players that made so much in crypto that you can afford to blow millions on an ape jpg, that you’re in the club?

FUD was a common term before in tech circles at least.

more falafel please
Feb 26, 2005

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small butter posted:

My basic argument is that, as an investment, it's inherently irrational and it's irrational to expect to profit. That's because all profits strictly come from others' losses, since crypto does not have business profits, use cases, expanding businesses, etc. and holding tokens, unlike shares, does not grant you rights to the business even if one emerges. So it's as simple as "most 'investors' are mathematically guaranteed to lose." What kind of investment is THAT?

i don't think you understand. number go up

more falafel please
Feb 26, 2005

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I feel like no one has opened the thread for the beautiful ape. You're... missing out

more falafel please
Feb 26, 2005

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for fucks sake posted:

Best way to short crypto is to have a hearty lol as number goes down

Number has not been going down anywhere near as much as I'd like.

more falafel please
Feb 26, 2005

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Beefed Owl posted:

Number ain't going up either.

Do you think BTC will ever see $30k again?

No, but I didn't think we were ever gonna see $17k again after 2017 so what the hell do I know.

more falafel please
Feb 26, 2005

forums poster

It sucks because if I wanted, say, a 1 ohm resistor, I would have honestly no idea where to get one, and I live in a major city. I guess I'd just buy it online, which is fuckin dumb.

more falafel please
Feb 26, 2005

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PhazonLink posted:

whats the point of steel plate wallets and other physical poo poo, like i thought the point of buttz was DA DCENTRALIZED CLOUD or some dumb poo poo.

like if a physical wallet steel plate is unactivie for enough time, cant the rest of the blockchain network just assume its lost or whatever?

No, it works on a private/public key pair. To make a transaction with a wallet, you need its private key, which is a big number, usually written in hexadecimal notation. Anyone with that key has control of that wallet. No one without the key can do anything to that wallet.

So when someone loses access to a wallet that has a lot of Bitcoin on it, it's effectively gone. This happens a lot.

more falafel please
Feb 26, 2005

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Alan Smithee posted:

what's the glass of piss for

You need to drink some water.

more falafel please
Feb 26, 2005

forums poster

Piggy Smalls posted:

Don’t know the coin verbiage but my Nugen neighbor told me <<I think>> Nugen goes live today or tomorrow or perhaps he said it goes on it’s exchange today or tomorrow. Not sure which. I was told by my 19 year old that they are texting her about it being very important to fill out the KYC paperwork today or else (according to their multibillionaire friend who is involved in Nugen) when it goes on the exchange and she tries to do the KYC the government will be more suspicious of her and can start to scrutinize as to why she waited to do it so late.

Tell this person to stop harassing you and your children. There is no trick where the mark trying to pull you and your kids into the same scam he's underwater in will just say "yup, ok, never mind, I guess you're not interested! We can still be buddies!" He's going to keep at this literally forever, and when this scam dies and takes him with it, he's just gonna get suckered into a new one and try to take you with again. Tell him in no uncertain terms to gently caress off. Do it today.

more falafel please
Feb 26, 2005

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HappyHippo posted:

The 10k steps are so obvious on this one. Just hanging out at 40k for a while, then 30k for a few weeks, now 20k for a few weeks.

oh sweet, so soon it'll be at 10k for a couple weeks, then it'll be at 0 and we'll be done finally

more falafel please
Feb 26, 2005

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fullroundaction posted:

My mom is an essential oils true believer but thankfully never tried to recruit me or my wife. She spends way too much money on it but at least we get tons of stuff that smells good as gifts all the time.

Essential oils at least do something (smell nice).

more falafel please
Feb 26, 2005

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Plan R posted:

If you haven't been to Nugencoin.com you're missing out!

Read the whitepaper. It's something.

Lol the team photos are their "metaverse avatars" and they're all just in A-pose

more falafel please
Feb 26, 2005

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Pham Nuwen posted:

Cryptocurrency is more like if Upton Sinclair showed a regular consumer how hot dogs are made out of chopped-off fingers and stray rats, and the consumer told him to stop spreading FUD. Then he goes out and buys 10,000 packages of hot dogs to prove how good they are.

hot dogs are good though

more falafel please
Feb 26, 2005

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I'll be happy when bitcoin is at 6 figures.

0.00001 is six figures after all

more falafel please
Feb 26, 2005

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Lord Stimperor posted:

Confession: I would have liked nfts for use cases like media and software licenses.

You buy a music album or a movie (old fashioned, I know), it's recorded in your wallet. You can then always access or re-download it without searching all your email accounts for the receipt, or across five different platforms where you might have bought it. Or you could gift or sell your copy.

Naturally that's exactly why no business would want to use that service - imagine people being able to sell their software or music like they used to thirty years ago. Industries would poo poo their pants.

If it was at all feasible to store all of that (i.e. the actual album/game/etc) on-chain, it would make some sense, but it isn't. If you wanted to always be able to download the album you bought, you'd need a service that verifies that you own the receipt that says you own the album, and once again, we literally already have that. Record labels don't want you to be able to do that, but it's not like we need NFTs for that.

more falafel please
Feb 26, 2005

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PITY BONER posted:

"If we lose all our money, we Martingale our money back." - Ah yes, the number one strategy that all gamblers eventually revert to out of sheer desperation because of sunk cost FOMO.

https://en.wikipedia.org/wiki/Martingale_(betting_system)

Gambling systems are built on numbers and probabilities, thinking they can Rain Man their way out of any tight situation because the math odds will always eventually pay off. People don't realize that 200 plays doesn't necessarily have to be a in a single session. It could easy be 200 total plays over a month. There's no math that states if you come back tomorrow the slate is wiped clean and you get to start fresh.

I skimmed the video and had an LOL at the guy being stoked to have "won" $150 in 8 minutes, after losing over $500 and then continuously betting stacks of $300 or something and losing those too. One of the top comments on the video:

"Blowing $5000+ in an hour gets me a $200-a-night room for FREE!"

I think all the partner points and fake interest rates in crypto exchanges are basically the same thing as comping a high roller a $400 room after he's spent a down payment for a house on the tables.

The system he was describing has a ~90% chance of a win or push on each spin, and in the video he didn't lose at all. You bet 10 on the first dozen, which pays 2:1, 10 on the third dozen, which pays 2:1, and 1 each on 10 of the middle dozen, which pays 35:1. So if you hit one of the 10, you get 35 - 29 = 6. If you hit the outside dozens, you get 20 - 10 - 10 = 0. The only way to lose is to hit 0, 00, or the two numbers on the inside you didn't bet on.

"Systems" don't work to make you money in the long term, because if there were any mathematical way to make money at a casino outside of working there, it'd be illegal. But if your goal is to have fun with your friends and get comped drinks, especially if you're betting very low amounts, that seems like a pretty decent way to do it. This assumes you and your friends have the sort of brain that treats gambling as a way to spend money to have fun, instead of a way to ride your luck to insane profits.

I'd probably rather play blackjack, because again, if you follow odds precisely, you lose about 2% of your bet per hand in the long term, so one hand of $10 blackjack costs about $0.20. In an hour or 2, you've spent maybe $50, you've gotten 5 or 6 free drinks, and you've spent time with your buds, celebrating when they win a hand. It's entirely possible to enjoy gambling without it being a problem, it's just that the people who do don't gamble that much :)

more falafel please
Feb 26, 2005

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erosion posted:

I have a friend that lived in Vegas for a few years and that's pretty much how he saw it too. He'd place minimum bets at roulette, just betting on black or red, and spend $20 killing time, chatting, and getting free drinks.

Vegas is designed to make you feel like you're having a good time, constantly. Obviously that helps whales and problem gamblers spend way too much money, but it also helps 90% of people spend $300 on a Vegas weekend and feel like they had a really fantastic time.

I've just never had the stomach for gambling more than like, going to Vegas for a wedding, playing a little bit, but with a $300 limit, and ending up down $50 over 3 days. Or like a $20 buy-in poker game once every 5 years, but again, that's a movie and popcorn. But that doesn't mean I don't enjoy it, I just can't imagine betting an amount of money I'd regret having spent on frivolous poo poo the next day.

I also can't imagine being up, say, $100 in blackjack and not immediately walking away.

more falafel please
Feb 26, 2005

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Unperson_47 posted:

Does anyone remember when using IngDirect (an online-only bank) was a big thing? I remember reading about it on this forum. I always wonder if people using that ever got screwed over/robbed in some way.

Yeah, back in the days where interest rates on savings accounts had a digit to the left of the decimal point, it was great. I think I was getting like 3.5% at one point? After the 2008 crash and fed rate going way down, it went to like 0.5%. During Occupy I closed all my major bank accounts and moved everything to the local credit union, which is a pretty useless protest move, but whatever.

The only problem I had with it was that it took like 2 business days to move funds to an external account, and I couldn't use debit with it or anything, so having checking/savings at the same institution just makes life easier. But as far as I can tell, it wasn't a scam at all.

more falafel please
Feb 26, 2005

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BigBadSteve posted:

Prostitutes don't accept crypto, dummy.

And have fun becoming poor.

A lot of sex workers do actually, or used to. Too small time for authorities to give a poo poo about, especially since most sex work services are legal to begin with, but credit card processors/payment apps basically all discriminate against sex work, so for some people it's the best option. Still dumb though

more falafel please
Feb 26, 2005

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gregday posted:

I am just a simple person but I don’t understand what was actually bought here and what the business plan was

- nothing
- number go up

more falafel please
Feb 26, 2005

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Somfin posted:

They can't change the NFT's URL, but they could change what's there on the far side to a big picture of some guy stretching out his anus

They won't though

no typically the only thing NFTs store on-chain is a URL for a json file, which contains a URL of a jpeg. whoever controls that json file can absolutely just change it to point at whatever

more falafel please
Feb 26, 2005

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drk posted:

When you send something to the wrong address, its like dropping it into a locked box that no one has the key for. As far as the code is concerned, its a perfectly valid transaction - the fact no one can access it isnt relevant.

Yup, it's safely stored in a safe deposit box, which is conveniently located in a bank somewhere in a galaxy somewhere. It might even be one of the ones we just saw for the first time with the JWST, if we're lucky. Of course, the odds that a key has ever been made for that safe deposit box are astronomically low. But at least you know that no one else will get it.

more falafel please
Feb 26, 2005

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Oh, so now I can be arrested for walking up to a bank teller and saying "I have a gun, put $500,000 in unmarked nonconsecutive 20s in a bag?" So much for free speech

more falafel please
Feb 26, 2005

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MechaCrash posted:

This is why libertarian-esque financial policy is always absolute useless dogshit. It assumes everyone is perfectly rational, perfectly informed, and understands the concept of "don't poo poo where you sleep." But out here in reality, where all the people live, people aren't always perfectly informed, sometimes make dumb decisions because their gut steers them wrong, and the thought of some rich fucker being willing to set a pile of money on fire to hurt someone else out of spite is completely alien to them. The concept of "what if someone fucks up out of ignorance or malice" is just does not occur to them, and they never stop and think "what about bad actors."

The people who sold lovely scam mortgages, the people who packaged those up as MBSs, lots of the people who bought those, and especially the people who shorted them were acting in rational self-interest under capitalism. They were doing it right, according to the rules that we have

more falafel please
Feb 26, 2005

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drk posted:

Do all New Zealanders know each other, that sounds about right

having worked with a NZ expat game developer, basically all NZ game developers know each other because there's like 50 of them

more falafel please
Feb 26, 2005

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Ups_rail posted:

Why not just go to mining butts?

I feel like SA miss the boat with crypto we coulda had a coin based on FYAD

I don't touch the poop but my understanding is that mining butts isn't profitable without purpose-built ASIC miners. ETH was the biggest PoW chain that was minable with GPUs.

more falafel please
Feb 26, 2005

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There was a beautiful couple days right after terra/Luna poo poo the bed that it looked like tether was gonna depeg and take the whole thing down

more falafel please
Feb 26, 2005

forums poster

GameStop? You mean the Funko POP! store?

more falafel please
Feb 26, 2005

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BlackIronHeart posted:

I had a similar response to a co-worker asking me to get on Signal so we could chat. No way, no thanks.

It's what I use for most of my group chats because the only other good option in a mixed-device group is WhatsApp and gently caress that. It's probably a three letter agency op but everything else already openly collaborates with them anyway so your only real other option is "don't talk to people who haven't been to a cryptography conference before".

Anything that might actually be secure is usually unusable and definitely unused by enough people for it to matter, and anything else in wide use has policies that explicitly state your information will be handed over to any government or law enforcement agency with letterhead, and half of them say they'll use your messages to sell marketing data about you. I still use those too, but Signal having a a level of usability and reaching a level of popularity that means you can actually use it with your friends means it's actually an alternative.

more falafel please
Feb 26, 2005

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tehinternet posted:

Jesus gently caress why the gently caress would you take out a loan for any non-trivial investment ever. There are rare cases where it makes sense but goddamn, overextension will gently caress you eventually.

enjoy being poor ngmi

more falafel please
Feb 26, 2005

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HappyHippo posted:

It's a thing they introduced due to COVID but are just keeping now because they realized it's cheaper and everyone's just putting up with it

more falafel please
Feb 26, 2005

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Squibbles posted:

Wow you guys are living in the future. Admittedly I haven't gotten out to restaurants much since COVID but the ones I have seen with QR codes just take you to the website with a static menu. No ordering capabilities or anything.

Yeah, this is 90% at least of the places I've been to, here in Chicago as well as traveling. It just opens the menu page on their website.

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Feb 26, 2005

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William Henry Hairytaint posted:

I also kinda hate the future but I ate out last night and was served in part by a very polite robot and it was okay. I've never seen a restaurant with a robot before. My local Martin's store has a Marty though. He doesn't talk and I sometimes feel a little bad for him.

Well that's my robot story thanks for listening.

I went to a hot pot place where the food came on a robot but a server still came to put it on the table. basically it was a cart that the server didn't have to push

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Feb 26, 2005

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Salt Fish posted:

A guy at work wanted to know what the twitch emote jebaited was, so he googled for j-bait on his work computer.

Isn't jebailey a big piece of poo poo

more falafel please
Feb 26, 2005

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an iksar marauder posted:

Each metaprogression discussion in the roguelike thread is self contained without knowledge carried over from the previous ones, you’re looking for the rogueLITE thread

more falafel please
Feb 26, 2005

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A couple years ago I found a profile of his on a porn tube site and he had still been posting videos recently, I don't think he's dead

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Feb 26, 2005

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Space Fish posted:

Levine's magazine-length article is a good crypto explainer that doesn't handwave the possibilities of the technology but also includes the frauds, rugpulls, and glaring blind spots in regulation.

All in one place! I enjoyed reading it.

It's clear he doesn't understand the technology because he still falls for the lie of "but maybe there's still something we haven't thought of yet that it's super useful for!" even when he recognizes that literally every pitch that's been made about blockchains is either "a ponzi, but I can get you in early" or "what if no government just the worst parts of capitalism, but I can get you in early" or "monkey jpegs for some reason, but I can get you in early"

it's a well researched article that explains a bunch of the finance world poo poo, does a good job of explaining that you probably shouldn't get into crypto unless you want to gamble, but still leaves open the door for it to be the future, if only we fix all the inherent problems that are features of the crypto ecosystem's design

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