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so it looks like about 9% of the tether market cap has been redeemed in the past week very normal looking pattern  lol
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May 15, 2022 21:24
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shackleford posted:so it looks like about 9% of the tether market cap has been redeemed in the past week 
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May 15, 2022 21:33
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This is just to say I have drunk the slurp juice that was in the icebox and which you were probably saving for your mutant apes Rugpulled, sucker it was disgusting tasting of desperation and fear
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May 15, 2022 21:35
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i feel like i missed the ape slurp juice business and that i would very much like to read it is there a good summary somewhere
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May 15, 2022 21:41
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evilweasel posted:i feel like i missed the ape slurp juice business and that i would very much like to read it its just the one tweet
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May 15, 2022 21:42
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This tweet: https://twitter.com/rarecandyio/status/1521548615579226114 and then the voice actor of master shake from ATHF recorded it and someone put it to frames: https://twitter.com/JuiceSimpsons/status/1523551892432953345 i think that's like literally all there was on it, just endless copypasta Sniep fucked around with this message at 21:47 on May 15, 2022 |
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May 15, 2022 21:45
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it was a powerful tweet
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May 15, 2022 21:51
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Its really all it needed. It captures the spirit of crypto perfectly.
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May 15, 2022 21:52
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pretty much that one tweet appears to have crack pinged the entire crypto field
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May 15, 2022 21:52
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May 15, 2022 21:54
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apparently there are two nfts called astro apes? so confusing there's one on that opensea place but the slurpable apes are on a separate site called rarecandy, which is the twitter that posted the original tweet that site also has lovely nfts like this  
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May 15, 2022 21:56
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They had me in the first half.
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May 15, 2022 21:59
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evilweasel posted:i feel like i missed the ape slurp juice business and that i would very much like to read it from what i can tell buying one of the apes granted you the right to create derivative versions of it, and then there was some kind of ecosystem built around making and selling derivative apes, but then someone saying you can use multiple slurp juices on a single ape meant that the derivative apes weren't actually singularly transferred versions of the original ape, and actually that this is just a bunch of bullshit, which caused the derivatives market to crash am i understanding this right? this seems insanely stupid.
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May 15, 2022 22:00
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I work on fraud detection software and one of our long term goals is attempting to detect fraud in crypto and without joking I asked how we would ever distinguish between the two
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May 15, 2022 22:02
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from what i can tell it wasn't a unique concept, if you've seen the bored apes that look diseased and rotting, those are the mutant apes that are created by converting a bored ape in to a mutant i believe, and in the process burn the original ape, it's just this twitter, which seems to be the one for the site that hosts the apes, misunderstood the mechanics, instead thinking you could make an infinite number of new apes from the original apes as long as you had sufficient slurp juice. this is all so stupid
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May 15, 2022 22:04
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ADINSX posted:I work on fraud detection software and one of our long term goals is attempting to detect fraud in crypto and without joking I asked how we would ever distinguish between the two Seems simple enough. code:There that applies to all crypto
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May 15, 2022 22:05
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Schir posted:from what i can tell buying one of the apes granted you the right to create derivative versions of it, and then there was some kind of ecosystem built around making and selling derivative apes, but then someone saying you can use multiple slurp juices on a single ape meant that the derivative apes weren't actually singularly transferred versions of the original ape, and actually that this is just a bunch of bullshit, which caused the derivatives market to crash no it seems insanely stupid, and it is, but the tweet didn't crash anything. they were trying to drive engagement with their particular brand of bullshit by enticing people to make more of it i may also be entierly wrong
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May 15, 2022 22:13
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Boxturret posted:from what i can tell it wasn't a unique concept, if you've seen the bored apes that look diseased and rotting, those are the mutant apes that are created by converting a bored ape in to a mutant i believe, and in the process burn the original ape, it's just this twitter, which seems to be the one for the site that hosts the apes, misunderstood the mechanics, instead thinking you could make an infinite number of new apes from the original apes as long as you had sufficient slurp juice. this is all so stupid note that this has nothing to do with bored apes, this is a copycat nft on the bitcoin satoshi’s vision(tm) blockchain and the juice might have different rules they are all literally worth gently caress all though, I think you can get a dozen bsv apes for the price of a happy meal
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May 15, 2022 22:13
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guys you just don’t get it 1 ape + 3 slurp juices = 3 new apes ok?
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May 15, 2022 22:56
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Man, the videos from the crypto-gurus about terra/luna are something else. https://www.youtube.com/watch?v=-Pw-yE8pQsQ "I say, lets put pressure on the Luna foundation to give us *their* money". .. and then proceeds to explain goddamn crypto-socialism for the crypto-poor as the way to solve the issue.
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May 15, 2022 22:58
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ZeusCannon posted:Seems simple enough. what is the meaning of this "print?"
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May 15, 2022 23:05
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AnoHito posted:what is the meaning of this "print?" #include backwards, basically
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May 15, 2022 23:06
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ADINSX posted:I work on fraud detection software and one of our long term goals is attempting to detect fraud in crypto and without joking I asked how we would ever distinguish between the two it’s easy, they’ll call it fraudchain or ponzicoin (that one was real I believe) and then do exactly what was advertised.
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May 16, 2022 00:03
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i don't know if "ponzicoin" was real, but i definitely remember some investment scheme billing itself as an "honest ponzi" where the idea was that you, as a very smart investor, would obviously be one of the first people to discover this opportunity and sign up ahead of everyone else, and not be one of the idiot bagholder, so it was basically huge guaranteed returns
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May 16, 2022 00:12
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Yeah there is a large overlap between “crypto is a good idea” and “why should ponzi schemes be illegal anyway”
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May 16, 2022 00:15
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Deep Dish Fuckfest posted:i don't know if "ponzicoin" was real, but i definitely remember some investment scheme billing itself as an "honest ponzi" where the idea was that you, as a very smart investor, would obviously be one of the first people to discover this opportunity and sign up ahead of everyone else, and not be one of the idiot bagholder, so it was basically huge guaranteed returns a bunch of ICOs called themselves honest ponzis
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May 16, 2022 00:18
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https://coinmarketcap.com/currencies/ponzicoin/
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May 16, 2022 00:27
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it's worth more that terra!
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May 16, 2022 00:27
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The slurp juice store called, they're running out of apes!
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May 16, 2022 00:46
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https://twitter.com/web3isgreat/status/1525972019485069314quote:Prior to this hack, FEG had earned some notoriety from a May 2021 Vanity Fair article outlining an alleged pump-and-dump scheme, titled "Inside the Rise and Fall (and Rise and Fall) of poo poo Coins". Despite the bad press, much of the FEG community maintained that the article was a smear and nothing more than an attempt by the author to create FUD. "You could literally take every token and this would apply to everyone..." wrote a moderator of the official FEG subreddit.
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May 16, 2022 00:50
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by that logic everything in this ecosystem is a scam! and that wouldn't make any sense
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May 16, 2022 00:54
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Remember PirateAt40? He had the largest bitcoin ponzi ever (with something like 10% of all active butts invested on it) and I just checked its numbers and they look so quaint today. 7% ROI 40 million in losses. For handling 732,000 butts.
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May 16, 2022 00:54
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iirc several early bitcoin ponzi schemes were so badly implemented that the scheme runner ended up losing money on the deal (they mistimed the cut-and-run part and ended up going bust along with the ponzi)
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May 16, 2022 00:57
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ah the halcyon days when 7% compound interest felt like the most ridiculously obvious scam ever, nowadays people won't even buy in if they aren't promised quadruple digit percent increases
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May 16, 2022 00:57
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but wasn't it like 7% per week or month, which quickly becomes stupidly large anyway edit: 7% per week yes, so an APY of 3372%
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May 16, 2022 01:06
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FMguru posted:iirc several early bitcoin ponzi schemes were so badly implemented that the scheme runner ended up losing money on the deal (they mistimed the cut-and-run part and ended up going bust along with the ponzi) didn't PirateAt40 specifically lose all his money because he was cashing out bits and investing it into a more traditional brick and mortar ponzi, which then collapsed?
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May 16, 2022 01:11
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scams built upon scams
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May 16, 2022 01:13
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trucutru posted:Remember PirateAt40? He had the largest bitcoin ponzi ever (with something like 10% of all active butts invested on it) and I just checked its numbers and they look so quaint today. i still read it as pira teat 40 every time
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May 16, 2022 01:21
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I’m enjoying this little footnote. A tiny lending agency that was using some external tracker to do its exchange rate did not know that the exchange rate service would stop updating if Luna fell below $0.10. Which it did, allowing people to deposit worthless Luna and pull out other (not yet worthless) assets as if Luna was still worth $0.10. https://medium.com/@blizzfinance/blizz-finance-post-mortem-2425a33fe28b quote:On Thursday May 12, abnormal volatility in the price of LUNA triggered Chainlink’s minimum price circuit breaker. The oracle stopped updating with a final price of $0.10. Around the time we became aware of the issue it was reported on twitter, and already being actively exploited by multiple addresses. Large amounts of LUNA were deposited and used to drain all available lendable assets. quote:Blizz has no treasury or development fund and a significant portion of the stolen assets belonged to our team. As such we regret to announce the protocol has been paused and we do not intend to resume operations.
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May 16, 2022 01:24
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PirateAt40 lost all his money because he got arrested and convicted while looking him up i found this thread he posted https://bitcointalk.org/index.php?topic=82849 before disappearing with the money pirateat40 posted:Q - What's up with the check warrant?
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May 16, 2022 01:26
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