Bitcoin: no angel investors, only Faustian bargains

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

«‹›2 »

WithoutTheFezOn: Aug 28, 2005; Oh no

Text.fish is a web site.

# ¿ Jun 27, 2021 13:53

Adbot: ADBOT LOVES YOU

# ¿ May 15, 2024 17:18

WithoutTheFezOn: Aug 28, 2005; Oh no

putin is a oval office posted:

What even is this account? You quote it a lot in multiple threads but it just seems to be some random unverified account posting unsourced claims in full caps.

From what I understand it�s an account that just reposts news headlines that come across a Bloomberg terminal.

# ¿ May 17, 2022 15:20

WithoutTheFezOn: Aug 28, 2005; Oh no

Serious_Cyclone posted:

Christ, who uses a credit card with consumer fees?? Are these crypto guys dusting off old pyramid scheme literature from the 80s and just copy/pasting it into whitepapers?

Not direct fees, but there are plenty of places in the US where the merchant will charge more if you use a credit card. Gas stations in particular in my experience.

# ¿ Jun 7, 2022 18:06

WithoutTheFezOn: Aug 28, 2005; Oh no

tpink posted:

I seriously can't believe any serious pension fund with real investors did this, mind-blowing.

It�s less than 0.1% of their total assets.

# ¿ Jun 13, 2022 20:30

WithoutTheFezOn: Aug 28, 2005; Oh no

A citizen of the EU?

# ¿ Jun 28, 2022 22:48

WithoutTheFezOn: Aug 28, 2005; Oh no

Serious_Cyclone posted:

It's borrowed entirely from stock market analysis, where a 200-week moving average has been used to spot trends.

Are you sure about that? I�m not Stocky McInvestor but I�ve only ever heard of 200-day moving averages.

# ¿ Jul 18, 2022 17:37

WithoutTheFezOn: Aug 28, 2005; Oh no

No. Senate was supposed to vote on it today.

# ¿ Jul 19, 2022 23:58

WithoutTheFezOn: Aug 28, 2005; Oh no

drk posted:

Here's an academic article that puts it at 11-12% of the US economy: https://www.dickinson.edu/news/article/3136/understanding_the_shadow_economy

That article implies 11% in dollar value amounts, not percentage of transactions.

# ¿ Aug 2, 2022 00:44

WithoutTheFezOn: Aug 28, 2005; Oh no

Stop. I can�t take so much manliness.

# ¿ Aug 12, 2022 20:21

WithoutTheFezOn: Aug 28, 2005; Oh no

King Carnivore posted:

That�s not even like a crazy amount of sick or vacation time. �My government job gave me a modicum of time allotted to my life outside of work. What a dissatisfying grift!�

And the 26 days of vacation is only after you�ve put in 15 years of service.
0-3 years: 13 days
3-15 years: 20 days.

# ¿ Aug 12, 2022 21:27

WithoutTheFezOn: Aug 28, 2005; Oh no

Ally raised to 2.1% a few days ago.

# ¿ Sep 25, 2022 21:59

WithoutTheFezOn: Aug 28, 2005; Oh no

Yes.

# ¿ Nov 11, 2022 22:30

WithoutTheFezOn: Aug 28, 2005; Oh no

Would PayPal count? You can buy and sell Bitcoin there.

# ¿ Nov 13, 2022 21:35

WithoutTheFezOn: Aug 28, 2005; Oh no

What are the legal repercussions, if any, for committing an act you think is destroying evidence even if it doesn�t? Cause it sure seams like that�s what Curly's doing,

# ¿ Nov 15, 2022 07:58

WithoutTheFezOn: Aug 28, 2005; Oh no

Orvin posted:

Is there that exact plot line in West Wing that predates that by like a decade? The crusty old judge knows better than when to step aside because he is better than politics, and anyone that the president could hope to appoint. Or something like that.

No. In the show a (conservative) justice died, and then the (liberal) Chief Justice agreed to retire if the White House could make a deal with Republicans to put a new liberal judge in as Chief Justice in exchange for letting conservatives choose the other replacement.

# ¿ Nov 15, 2022 21:05

WithoutTheFezOn: Aug 28, 2005; Oh no

Zopotantor posted:

How long until climate change puts all that beachfront property under water?

Longer than you�ll be alive.

# ¿ Nov 22, 2022 18:02

WithoutTheFezOn: Aug 28, 2005; Oh no

Barudak posted:

I do not understand how they spent 33 billion on Disney+ last year.

It�s easy. They didn�t. The entire direct-to-consumer segment had costs of about $23 billion. That includes Disney+, Hulu, and ESPN+.

# ¿ Nov 26, 2022 14:26

WithoutTheFezOn: Aug 28, 2005; Oh no

Cyrano4747 posted:

His raging at the 30% cut apple takes means that he's probably also looking for ways to monetize from inside the app (i.e. subscriptions, other poo poo users buy, not advertisers)

No, he�s only mentioning the thing that hundreds of millions of people have known for years to drum up support for being champion of the little guy.

# ¿ Nov 28, 2022 20:30

WithoutTheFezOn: Aug 28, 2005; Oh no

ArbitraryC posted:

What does the fed do with all their crypto seizures anyways? Are they just sitting on them or do they sell them? Would a 50k or 70k coin haul like in the silk road story affect the market if they cashed them out at once?

In the past they�ve auctioned them off, like other seized assets.

# ¿ Dec 13, 2022 05:06

WithoutTheFezOn: Aug 28, 2005; Oh no

dr_rat posted:

She CEO of Ark Capital, and that seems to be about it. Ark capital like to invest in Crypto and Tesla, so yeah being a crypto shill is basically her whole thing as far as I can tell.

Sort of. Ark did pretty well last decade and it seems some financial journalists want to make her in to the next Warren Buffet character.

# ¿ Dec 15, 2022 15:13

WithoutTheFezOn: Aug 28, 2005; Oh no

Poopy Palpy posted:

Of all the people who could possibly honor an NFT roadmap instead of rugging, why would Donald Trump be the first?

He doesn�t even have to do that. It says attend a dinner �hosted by Trump�.

# ¿ Dec 15, 2022 21:01

WithoutTheFezOn: Aug 28, 2005; Oh no

Well he did have it all in a spreadsheet.

# ¿ Dec 19, 2022 04:34

WithoutTheFezOn: Aug 28, 2005; Oh no

I think the point was, even extravagant living doesn't seem to account for the number of billions of dollars that have just vanished.

# ¿ Dec 28, 2022 21:06

WithoutTheFezOn: Aug 28, 2005; Oh no

MarcusSA posted:

Wells Fargo charges you a fee to deposit cash lol.

That�s not true.

Unless maybe you load that sentence up with multiple qualifiers.

# ¿ Feb 5, 2023 17:48

WithoutTheFezOn: Aug 28, 2005; Oh no

MarcusSA posted:

I was just going through his Wells Fargo business account statements and there was a line for cash deposit fee.

Like I said, multiple qualifiers.

It�s a business account.
That deposited more than $5000 per month. In this case it was $26,000.

# ¿ Feb 6, 2023 01:06

WithoutTheFezOn: Aug 28, 2005; Oh no

�Less than well-capitalized� is a pro-tier euphemism.

# ¿ Mar 2, 2023 21:02

WithoutTheFezOn: Aug 28, 2005; Oh no

I�m still chuckling at �less than well-capitalized�.

# ¿ Mar 4, 2023 01:24

WithoutTheFezOn: Aug 28, 2005; Oh no

Nessus posted:

Was Peter Thiel involved here?

Supposedly his Founders Fund was one of the entities telling people to withdraw their cash on Thursday.

If that�s true, then yes he is.

# ¿ Mar 11, 2023 03:21

WithoutTheFezOn: Aug 28, 2005; Oh no

My guess is it's �

SVB goes insolvent.
Fed Reserve panics and drops their long-term plan.
Contrary to what they�ve been telegraphing, they�ll actually LOWER interest rates soon because of the panic.
???
We all make bank.

# ¿ Mar 12, 2023 05:06

WithoutTheFezOn: Aug 28, 2005; Oh no

HappyHippo posted:

Are there no "no fee" banks in the U.S.? Like here in Canada there are a few banks that are no fees, no minimum balance, unlimited transactions. The trade-off is there are no tellers: you have to do everything online, over the phone, or through an ATM.

Yes there are those here, too, but without the unlimited transactions (you�re limited to six fee-free withdrawals per month). E: wait, the transaction limits are for savings accounts, not checking.

There are also many brick and mortar banks where you can avoid fees other than maybe overdraft fees by, for example, fulfilling one of several conditions, such as:

Having a loan from that bank.
Having direct deposits to your account of at least $XXX dollars per month (usually around $500)
Having a total balance from all your accounts be at last $XXXX (usually 1500 to 2500 from what I�ve seen).

WithoutTheFezOn fucked around with this message at 22:23 on Mar 13, 2023

# ¿ Mar 13, 2023 22:10

WithoutTheFezOn: Aug 28, 2005; Oh no

kw0134 posted:

Yes this implies a purchase price of $9.71 a share.

No. I mean it does, but people use words incorrectly all the time so he probably means it hit that price sometime while he owned it, not necessarily purchase price.

# ¿ Mar 30, 2023 18:27

WithoutTheFezOn: Aug 28, 2005; Oh no

Bypassing a ton of stuff, this proposal is allegedly for people to buy water for $2/can plus shipping?

# ¿ Apr 26, 2023 22:22

WithoutTheFezOn: Aug 28, 2005; Oh no

If those FICA taxes are like yours and mine, they had a payroll of over $500 million a month.

# ¿ May 11, 2023 22:51

WithoutTheFezOn: Aug 28, 2005; Oh no

Two things:

Why would not selling during a down market be considered unusual?

I wonder if �68% of Bitcoins haven�t moved in the last year� is true every year.

# ¿ Jun 20, 2023 16:21

WithoutTheFezOn: Aug 28, 2005; Oh no

Yes. The whole idea boils down to �I will be happy like I am in my fantasies�.

# ¿ Jun 26, 2023 17:46

WithoutTheFezOn: Aug 28, 2005; Oh no

Lammasu posted:

I just read how Justine Beiber's NFT lost 94 % of its value. A 1.2-million-dollar loss.

After he sold it, right? If so, good for him.

# ¿ Jul 6, 2023 01:44

WithoutTheFezOn: Aug 28, 2005; Oh no

I realize the subject we're talking about here, but how exactly do you calculate the value of a unique item that no one has ever bought? Are there standing offers that the owner never accepts?

# ¿ Jul 6, 2023 02:15

WithoutTheFezOn: Aug 28, 2005; Oh no

Collateral Damage posted:

So they're still in debt but their ape is gone.

No usually the lender takes the asset and the loan is wiped clean. Happens with stocks, too.

# ¿ Jul 7, 2023 15:38

WithoutTheFezOn: Aug 28, 2005; Oh no

What does TA mean there?

# ¿ Jul 18, 2023 20:48

Adbot: ADBOT LOVES YOU

# ¿ May 15, 2024 17:18

WithoutTheFezOn: Aug 28, 2005; Oh no

Cyrano4747 posted:

Lmao

It appears to be currently trading at 0.28 so dude made some money if he can sell it?

Edit: also holy crap Reddit threads are a terrible medium for following events in real time.

# ¿ Aug 1, 2023 20:45

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

«‹›2 »