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nvrgrls posted:Am I allowed to use emojis in the 219 you can, but i and many others will think less of you
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May 20, 2021 19:01
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Boxturret posted:you can, but i and many others will think less of you
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May 20, 2021 19:02
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jesus christ shut up more than 25% of the posts on the last page are yours, and you have nothing interesting to say nobody gives a poo poo about your bitcoin holdings or how hard you had to work to share a screenshot
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May 20, 2021 19:08
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Gazpacho posted:ok that guy's collateral was called but wouldn't he still have the money that he borrowed and hadn't invested yet? yeah in any sane system wouldn’t the lender just call back the cash he hadn’t spent yet? maybe in crypto land no borrowers have any idea how anything works so lenders just use any price drop as an excuse to liquidate stuff? lol
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May 20, 2021 19:21
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nvrgrls posted:I wanted to attach image but it was too big for the forums maybe u should learn how 2 post
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May 20, 2021 19:22
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Chris Knight posted:maybe u should learn how 2 not post
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May 20, 2021 19:23
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There is nothing funny about a man who can't post an image in YOSPOS!
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May 20, 2021 19:28
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Hammerite posted:Everyone in this thread is about to be super mad at how incredibly smart this thing I;m about to do, is. Hammerite posted:ouch https://i.imgur.com/fE4t6om.mp4
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May 20, 2021 19:31
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Dang Ok ok geez
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May 20, 2021 19:32
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I was just trying to post. I’m out of practice
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May 20, 2021 19:33
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please practice elsewhere
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May 20, 2021 19:37
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Shumagorath posted:nvrgrls and crypto (nws, audio on):
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May 20, 2021 19:37
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i knew how to post images before i even got an account because i lurked for like 4 years
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May 20, 2021 19:45
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Boxturret posted:i knew how to post images before i even got an account because i lurked for like 4 years Attaching images used to work a then it broke and I was hoping the new guy fixed it
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May 20, 2021 19:47
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raminasi posted:yeah in any sane system wouldn’t the lender just call back the cash he hadn’t spent yet? maybe in crypto land no borrowers have any idea how anything works so lenders just use any price drop as an excuse to liquidate stuff? lol tbf he doesn't say he lost the collateral, he just says "it all of liqd", which could mean anything from "they took back the loan money" to "they took the loan money and my collateral and also they say i now owe them forty million more dollars somehow"
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May 20, 2021 19:49
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a funnier possibility is that he borrowed bitcoin using bitcoin as collateral because he was going to buy some other stupid coin, and then both the amount he borrowed and his collateral kept falling to the point where they had to take all of it
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May 20, 2021 19:51
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Help, I'm bad with computers, how do I delete Bitcoin?
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May 20, 2021 19:54
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Paladinus posted:Help, I'm bad with computers, how do I delete Bitcoin? Send it to me I'll delete it for you
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May 20, 2021 19:58
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Paladinus posted:Help, I'm bad with computers, how do I delete Bitcoin? Type deltree c:\ /y in DOS.
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May 20, 2021 19:58
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gschmidl posted:Type deltree c:\ /y in DOS. Thank you, it worked!
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May 20, 2021 20:17
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raminasi posted:yeah in any sane system wouldn’t the lender just call back the cash he hadn’t spent yet? maybe in crypto land no borrowers have any idea how anything works so lenders just use any price drop as an excuse to liquidate stuff? lol
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May 20, 2021 20:27
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tether was the thing they came up with after they lost a bunch of funds and gave all users a haircut right? it's so hard to keep track of who did which dumb thing but I thought it was odd with all the articles about tether that part isn't mentioned.
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May 20, 2021 20:28
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Shumagorath posted:nvrgrls and crypto (nws, audio on): hodl
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May 20, 2021 20:29
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where's roger ver in all this? someone needs to release a hostage video to verify the funds are safe
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May 20, 2021 20:48
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Gazpacho posted:that isn't how lending generally works, the borrower is presumed to have plans for the money and owns it outright until a court says otherwise
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May 20, 2021 20:49
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kw0134 posted:the thing is that a margin loan in that context usually is something that is given as you're buying the security. my broker gives me 4x leverage on certain stocks (which I don't take), but my existing equity in that position is what anchors the trade if i were to exercise the margin. you can't "take a margin loan" and have cash sitting in an account, unless this is some shady bullshit that leaves the user exposed to being forcefully expropriated whenever the "broker" feels like it, which is probably the case. That does sound like the type of scheme a bitcoin exchange would set up and Bitheads would use without understanding
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May 20, 2021 20:59
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nvrgrls posted:I was just trying to post. I’m out of practice here's something that might help https://www.youtube.com/watch?v=dPAZvxmLfcQ
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May 20, 2021 21:02
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i don't understand how the tether scam is marketed even in principle if tether is a shitcoin that promises to be worth roughly one dollar at all times then why the gently caress would i not just hold an actual real dollar that i can use to buy goods and services if i want to drive up the BTC price by exchanging BTC for billions of my freshly minted Dollaires(TM) then who the gently caress wants to be on the other side of that transaction exactly? even for for the purposes of money laundering the extra steps don't make sense to me. and miners want to pay their electricity bills in dollars not Dollaires(TM).
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May 20, 2021 21:31
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Sapozhnik posted:i don't understand how the tether scam is marketed even in principle converting to and from dollars on exchanges is a huge, unreliable ordeal that is slow and frequently leaves your "dollars" tied up in an internal account on a single exchange, or worse, forces you to interact with a Real Bank (who then freezes your account). due to pesky regulations, you can't transfer those easily to another exchange that might have an exotic new shitcoin that you want to buy today, while it's still on the ground floor. enter tether. it's worth one dollar*, so you can park your money there while bitcoin does its wild rollercoaster thing. it's a cryptocurrency, so you can transfer it between exchanges without involving banks. and best of all, it provides a mechanism for quantitative easing when bitcoin is crashing, as long as nobody looks too hard at it** *heh, sure **fomo that someone else will be able to make money before the music stops is what motivates participation in this shared delusion and makes this a Good Thing
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May 20, 2021 21:42
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Sapozhnik posted:i don't understand how the tether scam is marketed even in principle cuz that's not a coin Sapozhnik posted:if i want to drive up the BTC price by exchanging BTC for billions of my freshly minted Dollaires(TM) then who the gently caress wants to be on the other side of that transaction exactly? even for for the purposes of money laundering the extra steps don't make sense to me. and miners want to pay their electricity bills in dollars not Dollaires(TM). initially nobody wanted to buy them except, for mysterious reasons, people on the exchange that owned (or was like, owned by the same parent company / person?) tether. once that trustworthy exchange showed there was a market for tethers, all the other exchanges wanted in on the action.
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May 20, 2021 21:42
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Sapozhnik posted:i don't understand how the tether scam is marketed even in principle The people printing tether also own one of the bigger exchanges. So the people pumping the price are on both sides of the transaction.
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May 20, 2021 21:44
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i think that exchange also like, reported the bitcoin price in tether without making it very clear they were doing that, which meant they always showed a higher bitcoin price than everyone else, which made bitcoiners love them in conclusion, a wholly trustworthy story of two completely unrelated companies and there is nothing at all more to say about it
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May 20, 2021 21:45
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It's a mixture of wanting to believe what you're apparently told (because the normal financial system kinda sucks and you think you can finally break the shackles and become wealthy) and people who know a little more trying to game it, cash out and leave others holding the bag. Classic financial scam stuff
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May 20, 2021 21:48
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the original pitch was also "we got hacked, so everyone's getting a 30% haircut across the board to cover the losses" the idea of giving everyone a number of one dollar ious equal to 30% of their prior balance was the fallback position
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May 20, 2021 21:50
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looked it up, sorry. it was 36%
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May 20, 2021 21:51
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Sapozhnik posted:if tether is a shitcoin that promises to be worth roughly one dollar at all times then why the gently caress would i not just hold an actual real dollar that i can use to buy goods and services
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May 20, 2021 21:54
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the way it was presented was great too, they were pretending that tether and bitfinex were two separate entities back then so they announced it like this kind philanthropic company was going to come in an give everyone that had the 36% "haircut" their money back
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May 20, 2021 21:55
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Boxturret posted:the way it was presented was great too, they were pretending that tether and bitfinex were two separate entities back then so they announced it like this kind philanthropic company was going to come in an give everyone that had the 36% "haircut" their money back
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May 20, 2021 21:57
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Sapozhnik posted:i don't understand how the tether scam is marketed even in principle Besides what KnifeWrench mentioned, the exchanges get "money" for an IOU. That's a "free" loan! A lot of the shadier exchanges then offer deals on Tether or free Tether for taking leveraged positions.
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May 20, 2021 22:00
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Gazpacho posted:it can't be that stupid, you must be explaining it wrong somehow my brain didn't connect that tether was the haircut coins until just now, because that seemed too bafflingly stupid even for bitcoin silly me
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May 20, 2021 22:00
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