|
izagoof posted:this was posted in one of the threads a long time ago and I have no idea what the deal with this video is but it always made me laugh lol big fan of the nostalgia trip going on rn was there even an attack this time? wasn't it just too many people taking their money and running (the worst cyberattack of all) Pigbuster fucked around with this message at 19:44 on May 13, 2022 |
#
?
May 13, 2022 19:40
|
|
|
|
| # ? Apr 29, 2024 06:26 |
|
|
Pigbuster posted:was there even an attack this time? wasn't it just too many people taking their money and running (the worst cyberattack of all) Reality was the attack.
|
|
#
?
May 13, 2022 19:53
|
|
|
Pigbuster posted:was there even an attack this time? wasn't it just too many people taking their money and running (the worst cyberattack of all) So wait, all those folks who were like "gently caress it, I'll YOLO my last few bucks into Luna in case it recovers" will now no longer have any, since those transactions won't exist?
|
|
#
?
May 13, 2022 20:02
|
|
|
Crossposting this from the Tesla thread: Bitcoin’s 50% crash erases all of Elon Musk’s gains on Tesla balance sheet quote:In early 2021, Elon Musk bestowed the landmark endorsement that, more than any other high-profile purchase, sent Bitcoin on a moonshot and clinched its status as a mainstream investment. Musk famously purchased $1.5 billion in the king of cryptocurrencies using spare cash on the EV maker’s balance sheet, a highly unorthodox move since most companies abhor putting their war chests at risk. In public statements, Musk and CFO Zach Kirkhorn expressed great pride in pioneering a new practice of wagering to make big money on dollars virtually every other enterprise just wants to keep safe. Kirkhorn declared on last year’s Q1 conference call that the purpose was to “get some return” on cash “not immediately being used for operations.” In a SEC filing weeks earlier, Kirkhorn went so far as adding a second title to his rank as CFO: “Master of Coin.”
|
|
#
?
May 13, 2022 20:02
|
|
|
https://twitter.com/LegalEagle/status/1525114475535224832?t=mReDWL7HH3YT_NJWVKjX9A&s=19
|
|
#
?
May 13, 2022 20:03
|
|
|
LanceHunter posted:So wait, all those folks who were like "gently caress it, I'll YOLO my last few bucks into Luna in case it recovers" will now no longer have any, since those transactions won't exist? I believe so, yes. When Binance delists the token, they liquidate your position. If you bought Luna on Binance you no longer have that Luna.
|
|
#
?
May 13, 2022 20:10
|
|
|
LanceHunter posted:So wait, all those folks who were like "gently caress it, I'll YOLO my last few bucks into Luna in case it recovers" will now no longer have any, since those transactions won't exist? yes. they can eat poo poo for being idiots, just like all the other idiots who will eat poo poo because the currency will immediately collapse again after they roll it back. also, everyone now knows they can and will arbitrarily gently caress over anyone and everyone using it, which should do wonders for uptake
|
|
#
?
May 13, 2022 20:13
|
|
|
Nostalgia4Butts posted:https://twitter.com/LegalEagle/status/1525114475535224832?t=mReDWL7HH3YT_NJWVKjX9A&s=19 Could he even do that since he waived his opportunity for due diligence?
|
|
#
?
May 13, 2022 20:14
|
|
|
no people will just dismiss this as an extreme case and continue throwing money into the pit like they have with every other thing that should've ruined the reputation of crypto
|
|
#
?
May 13, 2022 20:14
|
|
|
LanceHunter posted:So wait, all those folks who were like "gently caress it, I'll YOLO my last few bucks into Luna in case it recovers" will now no longer have any, since those transactions won't exist?
|
|
#
?
May 13, 2022 20:17
|
|
|
DarkSol posted:Could he even do that since he waived his opportunity for due diligence? no, he can't do that at all so i'm sure there will be some serious repercussions when he does it anyway just like all the other times really though i'd love to see elon lose some huge securities fraud trial as the result of this bullshit, i feel like you could make a pretty convincing case when twitter's stock tanks in the aftermath
|
|
#
?
May 13, 2022 20:26
|
|
|
gschmidl posted:How do they reverse transactions? no actual on-chain trades happen when you buy or sell things on an exchange. they just increment a number in their centralized database. if this sounds like it defeats the entire point of a blockchain, you're right.
|
|
#
?
May 13, 2022 20:30
|
|
|
the first thing any bitcoin-based business has to do is figure out how to do business without using bitcoin
|
|
#
?
May 13, 2022 20:31
|
|
|
i kinda want to fix this up to make it more realistic so that someone with access to twitter crypto people can claim luna's new stabilization strategy is to redeem it for their own fiat and watch the cognitive dissonance roll in but i'm not sure it's worth the effort
|
|
#
?
May 13, 2022 20:40
|
|
|
Plorkyeran posted:no actual on-chain trades happen when you buy or sell things on an exchange. they just increment a number in their centralized database. I really should've expected it and yet... 
|
|
#
?
May 13, 2022 20:40
|
|
|
I can't believe it, after all these years someone finally said buttcoin
|
|
#
?
May 13, 2022 20:47
|
|
|
Nostalgia4Butts posted:https://twitter.com/LegalEagle/status/1525114475535224832?t=mReDWL7HH3YT_NJWVKjX9A&s=19
|
|
#
?
May 13, 2022 20:49
|
|
|
Boxturret posted:oh no I think the god damnit bruce not again video is gone, I had it in a playlist of funny bitcoin things and it isn't there anymore honestly man if the last few years have taught me anything it's that you gotta pull poo poo like down onto local storage if you want to keep it. we are responsible for maintaining our own legacy.
|
|
#
?
May 13, 2022 20:53
|
|
|
Fabricated posted:CNBC is saying this may just force Twitter to renegotiate a lower price if they're thinking the legal costs of suing would be too much. they'd most likely win though and melon doesn't have the liquidity to bankroll anything of consequence it seems. i really doubt the tesla board would let him use their funds (not tied up in stock) for his fanciful twitter adventure, let alone a high powered legal team. sounds like cnbc is just invested in "it's definitely happening because husk isn't a charlatan", imo
|
|
#
?
May 13, 2022 21:01
|
|
|
Fabricated posted:CNBC is saying this may just force Twitter to renegotiate a lower price if they're thinking the legal costs of suing would be too much.
|
|
#
?
May 13, 2022 21:05
|
|
|
Oh no! Our dollar cost averaging chart is showing that everyone who bought in over the last two years is underwater. There's only one thing we can do: break out the log chart! https://twitter.com/ChartsBtc/status/1525186739211407361
|
|
#
?
May 13, 2022 21:06
|
|
|
average four simultaneous price paid same USD rotation
|
|
#
?
May 13, 2022 21:08
|
|
|
Shame Boy posted:average four simultaneous price paid same USD rotation imagine 4 prices at the edge of a cliff
|
|
#
?
May 13, 2022 21:09
|
|
|
LanceHunter posted:Oh no! Our dollar cost averaging chart is showing that everyone who bought in over the last two years is underwater. There's only one thing we can do: break out the log chart! there's only one thing to do! buy buy buy, lower that average! wait what do you mean you don't have any money left, i thought bitcoin returns were guaranteed
|
|
#
?
May 13, 2022 21:13
|
|
|
Just-In-Timeberlake posted:imagine 4 prices at the edge of a cliff
|
|
#
?
May 13, 2022 21:31
|
|
|
Beeftweeter posted:there's only one thing to do! buy buy buy, lower that average!
|
|
#
?
May 13, 2022 21:45
|
|
|
SubG posted:zero is a valid return value 
|
|
#
?
May 13, 2022 21:50
|
|
|
SubG posted:zero is a valid return value I mean zero dollars is better than NaN dollars
|
|
#
?
May 13, 2022 22:34
|
|
|
https://english.elpais.com/economy-and-business/2022-05-10/el-salvador-expected-to-default-as-bitcoin-plummets.html Bukele Bought!! The Dip!!! What a shame.
|
|
#
?
May 13, 2022 22:42
|
|
|
qirex posted:I mean zero dollars is better than NaN dollars is it really? if i had NaN dollars i'm pretty sure like two thirds of all bank, atm, brokers, and PoS terminals would basically let me do any transactions and leave me with NaN dollars they might also end up with NaN dollars in the process, so it's win-win really
|
|
#
?
May 13, 2022 22:52
|
|
|
I think you’ll find most [non-coiner] financial systems are specifically set up to reject any transaction with an invalid amount since everyone tried to withdraw drop table dollars or whatever on a bank 2 decades ago
|
|
#
?
May 13, 2022 22:56
|
|
|
Mercury_Storm posted:https://english.elpais.com/economy-and-business/2022-05-10/el-salvador-expected-to-default-as-bitcoin-plummets.html their next payment isn't until 2023 and if there is one thing i've learned from following cryptocurrency it's that there are always enough stupid people for it to recover
|
|
#
?
May 13, 2022 22:56
|
|
|
Mercury_Storm posted:https://english.elpais.com/economy-and-business/2022-05-10/el-salvador-expected-to-default-as-bitcoin-plummets.html https://twitter.com/Bitfinexed/status/1525230658662060032 lmao
|
|
#
?
May 13, 2022 23:00
|
|
|
not so based any more
|
|
#
?
May 13, 2022 23:03
|
|
|
Just-In-Timeberlake posted:imagine 4 prices at the edge of a cliff
|
|
#
?
May 13, 2022 23:03
|
|
|
amazing
|
|
#
?
May 13, 2022 23:06
|
|
|
qirex posted:I think you’ll find most [non-coiner] financial systems are specifically set up to reject any transaction with an invalid amount since everyone tried to withdraw drop table dollars or whatever on a bank 2 decades ago yeah maybe i've stared into the crypto abyss for too long and i'm starting to underestimate the competence of the average programmer that's not something i ever thought i'd type but i guess here we are
|
|
#
?
May 13, 2022 23:10
|
|
|
so many Internet personalities are going to pretend they didn’t spend 3 years trying to con people into this poo poo
|
|
#
?
May 13, 2022 23:10
|
|
|
|
|
#
?
May 13, 2022 23:14
|
|
|
|
| # ? Apr 29, 2024 06:26 |
|
|
Deep Dish Fuckfest posted:yeah maybe i've stared into the crypto abyss for too long and i'm starting to underestimate the competence of the average programmer banks don’t have especially talented developers they’ve just been doing this poo poo for so long every obvious fuckup happened already
|
|
#
?
May 13, 2022 23:22
|
|