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i'm still not expecting this house of cards to fall but drat if watching it wobble isn't fun
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May 13, 2022 04:30
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mrmcd posted:They would "burn them in" by mining bitcoin for themselves for months with hardware people had paid for, then finally deliver it as having passed quality checks when the difficulty went up making the hardware significantly less valuable. BFL bought Buttcoin.org for $10k just to change the two negative articles about them. then the site got seized by the FTC when BFL shut down so I ctrl-c/ctrl-v the site on a new domain and kept posting lol
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May 13, 2022 04:38
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oh man I had forgotten about Butterfly Labs and the ASICs what a simpler time
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May 13, 2022 04:55
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FCKGW posted:BFL bought Buttcoin.org for $10k just to change the two negative articles about them. then the site got seized by the FTC when BFL shut down so I ctrl-c/ctrl-v the site on a new domain and kept posting lol o7 i couldn't remember who it was that had been running it, but thank you for your service.
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May 13, 2022 04:58
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infernal machines posted:o7 killhamster too and I gave him a cut
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May 13, 2022 05:00
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ty. i think it's killhamster i remember posting about the site, acquisition, and subsequent takeover
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May 13, 2022 05:06
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the ceo of the (~15 person) company at a prior job >11y ago was a buttcoiner and actually purchased a miner they later tried to sell it on the bitcoin forums years later they tried to create their own eth-chain shitcoin token for their own company, advertised it on their site, and required anyone using their custom cms's shop system accept it as currency. it had no value other than being redeemed as cash value in the company store for hosting/web services close encounters of the butt kind
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May 13, 2022 05:08
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FCKGW posted:BFL bought Buttcoin.org for $10k just to change the two negative articles about them. then the site got seized by the FTC when BFL shut down so I ctrl-c/ctrl-v the site on a new domain and kept posting lol holy lol i forgot about that too, i probably said it back then but thanks again for running the site
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May 13, 2022 05:09
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Just-In-Timeberlake posted:lmao yeah, they took the forums down, said they fixed it, and poo poo immediately went Cosby as soon as they brought them back up. barbarianbob
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May 13, 2022 05:22
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Beeftweeter posted:holy lol i forgot about that too, i probably said it back then but thanks again for running the site it was mostly crowdsourced from this thread so thanks to everyone here killhamster did most of the great image sourcing of the mining rigs and stuff, he was good at finding dumps of that stuff. his image heavy mining rig posts were the most popular posts on the site after we stopped posting on the site i was adamant about it staying alive in some fashion as a historical document. I converted the whole Wordpress site to static pages so everything should be preserved in time and it should be easy to host anywhere that can store ~5gb of content with minimal resources.
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May 13, 2022 05:33
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imo http://www.beepboopbitcoin.com is the most impressive thing that came out of those early years. sad that v3 never came out
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May 13, 2022 05:38
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https://twitter.com/buttcoin/status/1524938078430736389?s=21&t=DfWDa72umxw1u-z1XuQWNA
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May 13, 2022 05:47
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FCKGW posted:imo http://www.beepboopbitcoin.com is the most impressive thing that came out of those early years. sad that v3 never came out dude showed up in this thread to talk about v3 a while back (cuz we stumbled on some of the same jokes he did by coincidence and he wanted to make sure he didn't come off as ripping us off  ) and is apparently still making it
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May 13, 2022 05:59
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it's got fuckin' 3D sections and seems really elaborate so maybe it'll never come out but it's nice to know it's still churning away somewhere slowly
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May 13, 2022 06:03
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lol amazing if they're only now catching up to that point in time not surprised
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May 13, 2022 06:18
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https://www.youtube.com/watch?v=A5ot8kolcNs
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May 13, 2022 06:22
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FCKGW posted:imo http://www.beepboopbitcoin.com is the most impressive thing that came out of those early years. sad that v3 never came out jesus gently caress, that was 7 years ago. i still can't believe someone put that much effort into a glorified in-joke, but i appreciate it regardless.
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May 13, 2022 06:37
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 wow!
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May 13, 2022 06:44
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What was the name of the guy who ran a bitcoin talk show on youtube and at some point goons rang his phone until it fell off a chair. Also iirc he had some skeevy connections to sex tourism
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May 13, 2022 07:00
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kalensc posted:What was the name of the guy who ran a bitcoin talk show on youtube and at some point goons rang his phone until it fell off a chair. Also iirc he had some skeevy connections to sex tourism bruce, not to be confused with the other guy named bruce, or the other other guy named bruce
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May 13, 2022 07:07
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wasn't that bruce "bruce wagner" wagner? the other bitcoin bruce was fenton and he's now running for us senate in new hampshire. not sure which of the two was the pattaya-obsessed pervert but it could be both i guess.
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May 13, 2022 07:09
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for sale: slurp juice, unused
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May 13, 2022 07:11
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Midjack posted:the other bitcoin bruce was fenton and he's now running for us senate in new hampshire. this loving country 
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May 13, 2022 07:28
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Senator Bitcoin Bruce
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May 13, 2022 07:29
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wait a sec, if luna is supposed to be a stablecoin, as in, should always be worth $1, what sort of speculative value does it even have? why are there people with millions of dollars of it?
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May 13, 2022 07:54
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Terra is the $1 stablecoin, Luna is the wacky algocoin that ties to it. (Terra [UST] lost its peg and Luna death spiraled along with it)
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May 13, 2022 08:00
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pray for my aunt posted:Terra is the $1 stablecoin, Luna is the wacky algocoin that ties to it. (Terra [UST] lost its peg and Luna death spiraled along with it) right right. so who would buy a $1 stablecoin for $1 edit: especially since they're going to have entrance fees that mean they're spending more than $1 on a $1 stablecoin
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May 13, 2022 08:01
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chaosbreather posted:right right. so who would buy a $1 stablecoin for $1 This post has a better explainer of the scheme than I can give - promises of 20% APY (backed by pixie dust) and two coins tied together algorithmically to make a positive feedback loop, instead getting in a negative feedback loop. You wouldn't necessarily buy Terra so much as you would buy into Luna via Terra, gamble then cash out via Terra, which would in turn leave someone else holding the Terra. pray for my aunt fucked around with this message at 08:19 on May 13, 2022 |
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May 13, 2022 08:15
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chaosbreather posted:right right. so who would buy a $1 stablecoin for $1 the stables are used to account for transactions and lock in prices, exchanges will take your fiat but after that you are usually converting other products to and from stablecoins assuming they hold their peg they are basically poker chips, except the casino is tether and almost certainly fraudulent in a variety of ways theoretically algorithmic stablecoins don't require a reserve bank entity to issue redemptions and stuff, but with terra you still had this big organization raising funds to inject into their system to keep attracting marks WorldIndustries fucked around with this message at 08:19 on May 13, 2022 |
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May 13, 2022 08:16
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okay that is very very funny, thanks for the chuckles edit: ohh, it's a slow ponzi for a fast ponzi and a loan shark that pays for the slow ponzi while you play the fast ponzi. magic chaosbreather fucked around with this message at 08:46 on May 13, 2022 |
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May 13, 2022 08:39
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https://twitter.com/whale_alert/status/1525022407869726721?t=cUZmZ_HRvNGyprOzv-RvgQ&s=19 Did someone just buy 500M in tether lol
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May 13, 2022 08:58
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chaosbreather posted:okay that is very very funny, thanks for the chuckles no matter how dumb it might seem it is always so much dumber i think that’s what leads to most people thinking they don’t understand
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May 13, 2022 09:10
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May 13, 2022 09:43
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it's loving insane looking at this stuff https://twitter.com/whale_alert/status/1524873675576598545?s=20&t=MdV6Y1MH3lakScWPx9IkPQ nothing to see here, just a 1B transfer
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May 13, 2022 10:41
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kalensc posted:What was the name of the guy who ran a bitcoin talk show on youtube and at some point goons rang his phone until it fell off a chair. Also iirc he had some skeevy connections to sex tourism Bruce Wagner. he was obsessed with having a bitcoin conference take place in some city in Thailand which apparently is well-known for child prostitution. then several posts from other internet forums came to light of him talking about hooking up with "boys" in Thailand. then it was revealed that he scammed people out of money in some kind of mortgage insurance fraud or something during the 2008 crisis (I don't remember the details). bonus: It was Three Olives (prominent GBS poster who is gay) who uncovered the mortgage fraud thing. When it got posted on Bitcointalk, posters there were speculating that digging up the information was primarily motivated by homophobia. i just went looking for the "goddamn it bruce" bitcoin show edit and couldn't find it, someone post it tia
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May 13, 2022 10:56
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I tried skipping through some of the clips of Bruce's bitcoin show on youtube, and I'm surprised he managed to make like 50+ of them. They're one hour each, so hard to pick out the nuggets, but I was reminded of some random things like Charlie Shrem's punchable face, Meze Grill, hearing Karpeles (who did nothing wrong) talking. One particular episode did feature his mobile phone moving around as I skipped, but I couldn't find *the* moment when it fell off.
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May 13, 2022 11:21
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i just remembered the dude who decided to move to st kitts and get rid of his american citizenship so he wouldn't have to pay taxes, then was shocked he couldn't enter the us because of unpaid taxes, then grudgingly paid them, then tried to enter the us again only for customs to go "lol no", and then had to attend a butts conference as an ipad on a stick i wonder if he's still stuck on his caribbean island to this day
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May 13, 2022 11:42
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Lol forgot about Meze Grill. Anyway someone asked what the point of stable coins is: like 99% of the time they are used to transfer funds between exchanges with access to US banks, and the vast underbelly of shady "crypto finance". Like the people offering 3x margin loans, or trading any insane shitcoin from any cloned git repo, or refusing to do any KYC or tax reporting. All of those people are too loving toxic to be allowed inside any bank lobby in the US or EU, so they are essentially unbanked and their "dollars" are stable coins. You don't trade Bitcoin or Ether for dollars there, you trade for Tether or the Coinbase coin. Then if you want to get your money out, you transfer the stable coins (possibly through a mule) to Coinbase or Kraken who does have banking access and makes markets for USD and stable coins. Tether was basically the first stable coin and was started by bitfinex because they got kicked off every bank for having too much crime smell about them. They are money laundering and casino chips all in one.
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May 13, 2022 11:50
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Deep Dish Fuckfest posted:i just remembered the dude who decided to move to st kitts and get rid of his american citizenship so he wouldn't have to pay taxes, then was shocked he couldn't enter the us because of unpaid taxes, then grudgingly paid them, then tried to enter the us again only for customs to go "lol no", and then had to attend a butts conference as an ipad on a stick Roger Verified(tm)!
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May 13, 2022 11:55
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Deep Dish Fuckfest posted:i just remembered the dude who decided to move to st kitts and get rid of his american citizenship so he wouldn't have to pay taxes, then was shocked he couldn't enter the us because of unpaid taxes, then grudgingly paid them, then tried to enter the us again only for customs to go "lol no", and then had to attend a butts conference as an ipad on a stick Roger Ver, He popped up in my part of the caribbean, got scammed by another crook who promised him citizenship here and has been through a lengthy court battle to get his money back. latest i'm seeing from the high court is that he's trying to squeeze US$400,000+ from a defunct company with $30,000 in assets. https://www.thenewtodaygrenada.com/local-news/roger-ver-vs-robert-oveson/
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