|
I hope they were paid in NFTs.
|
#
?
Oct 16, 2021 17:09
|
|
|
|
| # ? May 3, 2024 10:03 |
|
|
ce n'est n'est pas une fraude
|
|
#
?
Oct 16, 2021 17:13
|
|
|
https://twitter.com/ghorton639/status/1446863852944207879 https://twitter.com/D__T_____/status/1449295303744524294
|
|
#
?
Oct 16, 2021 21:31
|
|
|
if they sell the nft are they required to burn the painting or..?
|
|
#
?
Oct 16, 2021 22:02
|
|
|
Juul-Whip posted:https://twitter.com/ghorton639/status/1446863852944207879 The funniest part of threads like this is the desperate morons who promote things like Luscious Lizards or Tenacious Tigers under every damned twitter post about NFTs. Sir, what a lovely lion, I see you are a man of culture. Perhaps you would be interested in acquiring a Courageous Cow to go with your wonderful Lazy Lion?
|
|
#
?
Oct 16, 2021 22:11
|
|
|
new great business idea: nft cosmetic nfts you don't have to be content with the hat or pipe your lazy ferret is wearing! dress up your nfts with any outfits or accessories you can afford!
|
|
#
?
Oct 16, 2021 22:20
|
|
|
then the nft is just a bunch of transparent background stock images of hats and doodads
|
|
#
?
Oct 16, 2021 22:21
|
|
|
The Something Awful Forums > Discussion > Serious Halloween / Spooky Crap > YOSPOS > This people have poor people houses, why are no cryptos rich
|
|
#
?
Oct 16, 2021 22:44
|
|
|
Boxturret posted:new great business idea: nft cosmetic nfts pretty sure this already exists, there was that group of people proudly bragging about the nft furniture they bought for their nft room
|
|
#
?
Oct 17, 2021 01:19
|
|
|
|
|
#
?
Oct 17, 2021 19:19
|
|
|
Scam as Service.
|
|
#
?
Oct 17, 2021 19:21
|
|
|
Fool me n times, shame on you, but fool me n+1 times, shame on me.
|
|
#
?
Oct 17, 2021 19:38
|
|
|
Paladinus posted:The funniest part of threads like this is the desperate morons who promote things like Luscious Lizards or Tenacious Tigers under every damned twitter post about NFTs. expensive cyber-boobs? No, Free Titties!
|
|
#
?
Oct 17, 2021 19:40
|
|
|
hello elon musk here. i just have so many bitcoins and i felt i should give something back, so i decided that you, the people ogling my ex-wife, are the perfect people to receive my free money! just send me money and i will send you more back, so easy!
|
|
#
?
Oct 17, 2021 20:11
|
|
|
njsykora posted:el salvador.....2! Wow! I hope they make it so that you can pay taxes in bitcoin next!
|
|
#
?
Oct 17, 2021 20:14
|
|
|
AnimeIsTrash posted:Wow! I hope they make it so that you can pay taxes in bitcoin next!
|
|
#
?
Oct 17, 2021 21:23
|
|
|
don't you have to pay taxes when you move bitcoin around cuz they're considered a security or something? so you could pay your taxes in bitcoin, then pay taxes on the tax paying transaction, then pay taxes on that tax paying transaction...
|
|
#
?
Oct 17, 2021 22:12
|
|
|
theft upon theft upon theft !!
|
|
#
?
Oct 17, 2021 22:22
|
|
|
Grace Baiting posted:theft upon theft upon theft !!
|
|
#
?
Oct 17, 2021 22:35
|
|
|
Shame Boy posted:don't you have to pay taxes when you move bitcoin around cuz they're considered a security or something? so you could pay your taxes in bitcoin, then pay taxes on the tax paying transaction, then pay taxes on that tax paying transaction... Paying your taxes with bitcoin only to find out Elong has once again crashed the price of bitcoin.
|
|
#
?
Oct 17, 2021 22:50
|
|
|
Shame Boy posted:don't you have to pay taxes when you move bitcoin around cuz they're considered a security or something? so you could pay your taxes in bitcoin, then pay taxes on the tax paying transaction, then pay taxes on that tax paying transaction...
|
|
#
?
Oct 17, 2021 23:19
|
|
|
not only that but there are laws against wash trading so if you sell Bitcoin at a loss then buy the dip less than 30 days later you can't write off any of those loses.
|
|
#
?
Oct 17, 2021 23:34
|
|
|
Shifty Pony posted:not only that but there are laws against wash trading so if you sell Bitcoin at a loss then buy the dip less than 30 days later you can't write off any of those loses. These don't apply to crypto (for now) because of whatever type of asset the IRS classifies it as.
|
|
#
?
Oct 18, 2021 00:25
|
|
|
https://www.ft.com/content/0035016c-29ad-4e6f-9163-2a17df490aa5quote:
|
|
#
?
Oct 19, 2021 12:47
|
|
|
Imagine: an obese man making GBS threads into a tank, forever, and your uncle Bill Fuckwad and his libertarian pals all happily swimming around in it That's Tether.
|
|
#
?
Oct 19, 2021 12:56
|
|
|
tether, backed by
|
|
#
?
Oct 19, 2021 13:39
|
|
|
price of bitcoin is propped up by tether which is backed by bitcoin, nothing wrong with this
|
|
#
?
Oct 19, 2021 14:07
|
|
|
it's only a problem if there's a bank run, and crypto bros never bank run, they hodl, so it's fine
|
|
#
?
Oct 19, 2021 14:08
|
|
|
the words "lend" and "mint" don't feel like they should be interchangeable, but they're being used that way in that passage?
|
|
#
?
Oct 19, 2021 14:28
|
|
|
Didn't they just get fined? Did they lie to the government about whether they were still up to these shenanigans?
|
|
#
?
Oct 19, 2021 14:33
|
|
|
KnifeWrench posted:the words "lend" and "mint" don't feel like they should be interchangeable, but they're being used that way in that passage? I think the idea is that they mint new tethers, which they then lend out. This is not that different from when you get a mortgage (for simplicity, on a house you already fully own). The bank gets a claim on your asset, you get a bigger number in your account on the banks systems. That money didn't come from anywhere (directly), the bank just created it. You treat it as equivalent to banknotes or coins because you trust that you can easily turn it into them if required (and there are probably local regulatory protections) You might note that the regulatory landscape between the two scenarios is rather different.
|
|
#
?
Oct 19, 2021 15:10
|
|
|
mystes posted:Didn't they just get fined? Did they lie to the government about whether they were still up to these shenanigans? I think the fine was about saying that they didn't do this stuff - they now admit they do do it, so are in the clear from that perspective.
|
|
#
?
Oct 19, 2021 15:11
|
|
|
KnifeWrench posted:the words "lend" and "mint" don't feel like they should be interchangeable, but they're being used that way in that passage? it's both i think? Celsius Network is borrowing usdt, and putting up it's bitcoin as collateral. but tether doesn't maintain some stockpile of usdt, they mint it at will when they want it, and then destroy it when it's returned. but that's shady as gently caress on tether's end: not only is the tether not backed by actual money, all they have is collateral on a loan; generally you can't just call in a loan when you feel like it, so in the event of a bank run they can't liquidate the collateral.
|
|
#
?
Oct 19, 2021 15:12
|
|
|
that makes more sense. still, with everything coinbase just went through, I would think the very concept of lending crypto would be radioactive to anyone pretending to follow the law which is I guess why coinbase stopped but tether is unbothered
|
|
#
?
Oct 19, 2021 15:36
|
|
|
pointsofdata posted:I think the idea is that they mint new tethers, which they then lend out. so Tether's not even purchasing cryptocurrencies for themselves, they're just lending USDTs out with the other parties' crypto as collateral against the loans? (I hit the ft.com paywall so I can't actually read the article) HappyHippo posted:not only is the tether not backed by actual money, all they have is collateral on a loan; generally you can't just call in a loan when you feel like it, so in the event of a bank run they can't liquidate the collateral. given how shady and lawless every actor in this space is, I don't think Tether would even get as far as obtaining the collateral, let alone liquidating it. Something tells me that Tether is probably not doing very much due diligence on its lending clients.
|
|
#
?
Oct 19, 2021 15:57
|
|
|
Blotto_Otter posted:so Tether's not even purchasing cryptocurrencies for themselves, they're just lending USDTs out with the other parties' crypto as collateral against the loans? Yes, although these aren't terribly different, except in the case where the collateral drops in value. In theory, lend Vs buy is then better for tether, as their counterparty is still meant to give the tether back. In practice, I suspect your other point about the shadiness of most crypto firms would suddenly become very relevant.
|
|
#
?
Oct 19, 2021 16:06
|
|
|
Reminder tether's terms of service plainly states it has no obligation to actually redeem tethers for real money
|
|
#
?
Oct 19, 2021 16:41
|
|
|
EorayMel posted:Reminder tether's terms of service plainly states it has no obligation to actually redeem tethers for real money It literally has less “value” compared to antique Monopoly money on Antiques Roadshow.
|
|
#
?
Oct 19, 2021 17:02
|
|
|
I feel like a lot of the problems with stablecoins would be addressed by regulation requiring them to allow redemption at the fixed exchange rate. and by "addressed" I mean stablecoins would quickly cease to exist so they wouldn't be a problem.
|
|
#
?
Oct 19, 2021 17:21
|
|
|
|
| # ? May 3, 2024 10:03 |
|
|
lolEVIL Gibson posted:yo
|
|
#
?
Oct 19, 2021 18:43
|
|
