[Crypto] Why live in a house when you can live on the blockchain?

The Something Awful Forums > Discussion > C-SPAM > [Crypto] Why live in a house when you can live on the blockchain?

«‹›32 »

lobster shirt: Jun 14, 2021

Lib and let die posted:

BlockFi filed for chapter 11. And it's good news.

Recessions increase total efficiency by killing firms that destroy more value than they create.

The general economy experiences recessions every ten years. Crypto � every 2-3 years.

Conclusion: crypto evolves five times faster than the traditional economy!

Crises ain't easy. People lose money and jobs. But in the long term, it makes us stronger and more resilient.

So while taking our time to grieve and help those impacted, we also need to find a space for joy � crypto utopia is coming closer.

real sicko poo poo

# ? Nov 28, 2022 21:34

Adbot: ADBOT LOVES YOU

# ? May 8, 2024 21:45

AnimeIsTrash: Jun 30, 2018

Lib and let die posted:

BlockFi filed for chapter 11. And it's good news.

Recessions increase total efficiency by killing firms that destroy more value than they create.

The general economy experiences recessions every ten years. Crypto � every 2-3 years.

Conclusion: crypto evolves five times faster than the traditional economy!

Crises ain't easy. People lose money and jobs. But in the long term, it makes us stronger and more resilient.

So while taking our time to grieve and help those impacted, we also need to find a space for joy � crypto utopia is coming closer.

Youtube has been serving me Fidelity ads about crypto investment. The crypto bubble exploding and taking out the rest of the economy is going to be ftw.

# ? Nov 28, 2022 21:35

Cup Runneth Over: Aug 8, 2009; She said life's
Too short to worry
Life's too long to wait
It's too short
Not to love everybody
Life's too long to hate

AnimeIsTrash posted:

Youtube has been serving me Fidelity ads about crypto investment. The crypto bubble exploding and taking out the rest of the economy is going to be ftw.

Proves it's real currency!!! How else could it cause a recession

# ? Nov 28, 2022 21:40

Dr. Killjoy: Oct 9, 2012

on our progressive am station in LA they have a whole couple hours devoted to investing tips, mainly in crypto

the host�s most convincing pull to keep the faith among her listeners is �well I�ve been doing this for ten years and have seen countlesss collapses, rugpulls, and blatantly criminal activity, that�s just how it is, anyway let me talk about NFTs for a while.�

honestly gotta give credit it�s a more confident response to this than the losers whining about the deep state fleecing them for the nth time

# ? Nov 28, 2022 22:04

Trixie Hardcore: Jul 1, 2006; Placeholder.

Some grifters are moving from �crypto is a sure thing, an easy path to financial independence, the smartest among us will get on this early� messaging to �crypto is full of scams, a tricky minefield of opportunities, the smartest among us will ignore the scams and invest in this new crypto that�s impossible to lose money on� messaging, so that checks out.

# ? Nov 28, 2022 22:48

mawarannahr: May 21, 2019

Trixie Hardcore posted:

Some grifters are moving from �crypto is a sure thing, an easy path to financial independence, the smartest among us will get on this early� messaging to �crypto is full of scams, a tricky minefield of opportunities, the smartest among us will ignore the scams and invest in this new crypto that�s impossible to lose money on� messaging, so that checks out.

it�s been the same story since mt gox (maybe earlier)

# ? Nov 28, 2022 22:50

Horseshoe theory: Mar 7, 2005

Sam Bankman-Fried: "Maybe it was Allah (PBUH) that took the billions of suck- er, I mean good-hearted clients money? :shrug:

# ? Dec 5, 2022 05:13

AnimeIsTrash: Jun 30, 2018

# ? Dec 8, 2022 02:42

Horseshoe theory: Mar 7, 2005

AnimeIsTrash posted:

Troubling.

# ? Dec 8, 2022 02:52

AnimeIsTrash: Jun 30, 2018

i hate these loving people so much, lmfao at the warriors for getting completely robbed though

https://www.vice.com/amp/en/article/m7gnjp/heres-all-the-lawsuits-against-ftx-so-far

# ? Dec 8, 2022 02:55

Janitor Ludwich IV: Jan 25, 2019; by vyelkin

do you reckon bernie could beat sam in the league of legends?

# ? Dec 8, 2022 07:34

KirbyKhan: Mar 20, 2009; Soiled Meat

Janitor Ludwich IV posted:

do you reckon bernie could beat sam in the league of legends?

"Sam Bankman-Fried, as a rich person you can get off Scott free if you pass our esoteric trial."

"Ok, what?"

"1v1 AOC Bo3 in league lol"

"Oh gently caress"

# ? Dec 8, 2022 16:10

Red and Black: Sep 5, 2011

https://www.youtube.com/watch?v=4o_jPzBZSIo

This guy got SBF to admit that FTX had used customer assets under the standard terms of service to pay off investors who had made more risky investments under a different terms of service. Which is definitely fraud

# ? Dec 8, 2022 20:24

paul_soccer12: Jan 5, 2020; by Fluffdaddy

i am incapable of watching more than half a second of that video, sorry

# ? Dec 8, 2022 20:34

Nonsense: Jan 26, 2007

AnimeIsTrash posted:

i hate these loving people so much, lmfao at the warriors for getting completely robbed though

https://www.vice.com/amp/en/article/m7gnjp/heres-all-the-lawsuits-against-ftx-so-far

steph curry's easily parted with his money it seems

# ? Dec 10, 2022 07:45

Janitor Ludwich IV: Jan 25, 2019; by vyelkin

why even own a house when you can stay warm in your bitcoin mine this winter

# ? Dec 10, 2022 13:00

Vomik: Jul 29, 2003; This post is dedicated to the brave Mujahideen fighters of Afghanistan

Janitor Ludwich IV posted:

why even own a house when you can stay warm in your bitcoin mine this winter

Limited time offer. offer not available in the EU

# ? Dec 11, 2022 19:27

ekuNNN: Nov 27, 2004; by Jeffrey of YOSPOS

https://watcher.guru/news/ftx-inner-circle-had-a-group-chat-named-wirefraud?c=306

# ? Dec 13, 2022 19:54

Red and Black: Sep 5, 2011

ekuNNN posted:

https://watcher.guru/news/ftx-inner-circle-had-a-group-chat-named-wirefraud?c=306

Dude, I'm dying from laughter

# ? Dec 13, 2022 20:24

uber_stoat: Jan 21, 2001; Pillbug

mycrimes.zip

# ? Dec 13, 2022 23:00

AnimeIsTrash: Jun 30, 2018

https://twitter.com/AlanDersh/status/1602840645277810689?cxt=HHwWgoC81ePEt74sAAAA

# ? Dec 14, 2022 03:26

ekuNNN: Nov 27, 2004; by Jeffrey of YOSPOS

ekuNNN has issued a correction as of 17:37 on Dec 14, 2022

# ? Dec 14, 2022 17:34

Vomik: Jul 29, 2003; This post is dedicated to the brave Mujahideen fighters of Afghanistan

I don�t think that�s a face for any kind of public facing role

# ? Dec 14, 2022 17:41

Mary Annette: Jun 24, 2005

AnimeIsTrash posted:

https://twitter.com/AlanDersh/status/1602840645277810689?cxt=HHwWgoC81ePEt74sAAAA

That motherfucker cold misspelled Israel

# ? Dec 14, 2022 18:00

TenementFunster: Feb 20, 2003; The Cooler King

Mary Annette posted:

That motherfucker cold misspelled Israel

death, too, is real

# ? Dec 14, 2022 19:22

aphid_licker: Jan 7, 2009

Mary Annette posted:

That motherfucker cold misspelled Israel

There's a whole bunch of typos in there

# ? Dec 14, 2022 19:57

whaley: Aug 13, 2000; MY DOODOO IS SPRAYING OUT

paul_soccer12 posted:

i am incapable of watching more than half a second of that video, sorry

its all hosed up and why is it 23 minutes long

# ? Dec 14, 2022 22:58

Dr. Killjoy: Oct 9, 2012

Boomers catch on to crypto being bullshit, predictably articulate the fact in the most meandering and obtuse way possible

quote:

Subject: Re: Fwd: A Simple Analogy of How Cryptocurrency Works

Not long ago a merchant found many monkeys living near a certain village.

One day he came into the village stating that he wanted to buy these monkeys.

He announced that he would buy the monkeys for $100 each.

The villagers thought that this man must be crazy - How can somebody buy stray monkeys at $100 each?

Still people caught some monkeys and sold them to the Merchant for $100 each.

This news spread like wildfire and more people caught monkeys and sold them to the Merchant.

After a few days, the Merchant announced that he would now buy monkeys for $200 each.

The laziest villagers now ran around to catch the remaining monkeys!

They sold the remaining monkeys at $200 each.

The Merchant then announced that he would buy monkeys for $500 each!

The villagers start to lose sleep! They caught six or seven monkeys, which was all that were left and got $500 each.

The villagers were awaiting anxiously for the next announcement.

Then the Merchant proclaimed that he is going on holiday for a week, but when he returned would buy monkeys at $1000 each!

He also said that in his absence his Employee would be in charge to take care of the monkeys he had purchased.

The Merchant went on holiday.

The villagers were frantic and very sad as there were no more monkeys left for them to sell at $1000 each as promised by the Merchant, but then the Merchant's Employee publicized that he would secretly sell some monkeys at $700 each.

The news spread like wildfire as the Merchant had promised that upon his return monkeys would be purchased for $1000 each, a $300 profit for each monkey.

The next day the villagers queued up near the monkey cage.

The Employee sold all the monkeys at $700 each. The rich villagers bought monkeys in large lots, and the poor borrowed money from money lenders and bought the rest of the monkeys.

The villagers took care of their monkeys and waited for the Merchant to return.

When the Merchant didn't return they searched to for the Employee, but he could not be found either.

Eventually the Villagers realized that they have been duped into buying the useless stray monkeys at $700 each and were now unable to sell them for any amount.

This Monkey Business is now known as cryptocurrency.