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it's not literally worthless and it is possible to cash out, assuming you pick an exchange that doesn't suddenly go bankrupt or shut down withdrawals i recommend ftx or binance as they're the biggest two and thus the most stabl-
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RPATDO_LAMD posted:it's not literally worthless and it is possible to cash out, assuming you pick an exchange that doesn't suddenly go bankrupt or shut down withdrawals yes, there was increasingly hilarious advice from a few people that read like a textbook 419 scam because the only way to convert USDT to USD is by putting a whole bunch more money in so that you can transfer and convert it to something people buy for actual dollars, and of course you have to navigate the minefield of bad actors and untrustworthy exchanges perfectly or you lose it all, and also your identity and ability to use american banks keep in mind that in order to transfer USDT into an exchange, you have to pay a fee, which cannot be paid in USDT, and thus begins the descent into madness infernal machines fucked around with this message at 04:54 on Dec 28, 2022 |
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Dec 28, 2022 04:51
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look the bitcoin ecosystem is incredibly shady and dodgy, so it's fine, give that random site your sin and a photo of your passport, this is normal in bitcoinland
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Dec 28, 2022 04:52
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people wrote multiple posts explaining all the ways they could do this and every single one started with "buy more crypto coins" keeping in mind that the endgame of all the fees and trades is to withdraw the balance in actual american dollars through some kind of financial institution, which is frequently not possible either because the exchange will simply request increasingly onerous PII before processing the withdrawal, or because you bank of choice rightly flags all your accounts for interacting with a crypto exchange so the easiest and most effective way to convert USDT to cash is a direct sale in an arby's parking lot where maybe you won't get stabbed or handed a sack full of counterfeit bills infernal machines fucked around with this message at 05:08 on Dec 28, 2022 |
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Dec 28, 2022 04:56
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it is quite simple, ethereum is a computer, and you have to pay eth to use the ethereum computer when you get usdt, someone pays eth to move numbers inside the usdt smart contract data storage, inside the ethereum computer, from their number to your number if you want to move those numbers that are now your numbers to someone else's number, you have to pay eth to use the ethereum computer but you don't have eth, you have a number in the usdt smart contract's data storage so you need to get eth
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Dec 28, 2022 05:08
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https://twitter.com/molly0xFFF/status/1607771123974049792
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Dec 28, 2022 05:12
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given that chatgpt's output is large blocks of code lifted out of github and maybe stack overflow without any real understanding, it's difficult to say how this would be different from anyone else who has written a smart contract
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Dec 28, 2022 05:14
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i still love how the bitcoinwiki example of a smart contract had it check a now defunct google news service for a specific headline, perfectly illustrating the uselessness of smart contracts
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Dec 28, 2022 05:18
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oh lol it's still there, idk why, but I assumed they'd have updated it  also references the price from MtGox 
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Dec 28, 2022 05:20
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why would they need to update it? it's in the wiki
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Dec 28, 2022 05:22
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just remember: they want smart contracts to be used for things like wills, you make it then years later it does a thing with no possible human interference. better hope you chose to monitor the right death list, otherwise your children get nothing
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Dec 28, 2022 05:26
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god imagine if all the code i wrote had to return long bullshit impenetrable hash strings and if i hosed it up i'd lose all my money
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Dec 28, 2022 05:26
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also there's a whole industry built around viruses that specifically hunt out that one long bullshit impenetrable hash string and turn it in to a slightly different one
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Dec 28, 2022 05:33
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Money of the future
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Dec 28, 2022 06:06
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Chill Monster posted:Money of the future Satoshi was the only one who could truly see how dumb the future would be.
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Dec 28, 2022 08:40
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Boxturret posted:oh lol it's still there, idk why, but I assumed they'd have updated it three examples, two of which don't work and the third is just handwaved
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Dec 28, 2022 08:55
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don't you know the super basic command eurovision_winner()? it's in all good programing languages
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Dec 28, 2022 08:57
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Boxturret posted:don't you know the super basic command eurovision_winner()? it's in all good programing languages Abject-oriented programming
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Dec 28, 2022 10:46
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Shame Boy posted:god imagine if all the code i wrote had to return long bullshit impenetrable hash strings and if i hosed it up i'd lose all my money it's also a good thing we built all world currency on DES and made it nightmarishly hard to change, as it's impossible for any computer to ever break a 56 bit key due to the fact that good cryptography schemes are forever perfectly secure
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Dec 28, 2022 12:53
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Boxturret posted:he didn't steal my money so i don't really see the issue i am with the fine people of bahamas. it was good that sbf did what he did, and he is on top of that being very funny about it. ultimately it would of course be *much* better if no one ever got scammed in general and crypto wasn't a thing, but given the situation already existing sbf loving everyone over in an extremely high-profile way is at minimum just as well. i am applying some restraint not going "lol get hosed" about literally everyone with money at ftx because i know we will soon have much wringing of hands about some old grandma who immediately starved to death because of a superbowl ad or some such (with a laser focus implying we have a perfectly fine system here only sbf and friends went and corrupted it).
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Dec 28, 2022 13:35
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Blade Runner posted:it's also a good thing we built all world currency on DES and made it nightmarishly hard to change, as it's impossible for any computer to ever break a 56 bit key due to the fact that good cryptography schemes are forever perfectly secure blame the NSA for that.
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Dec 28, 2022 14:09
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chatgpt write a smart contract that accidentally funnels everyone's coins directly to me
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Dec 28, 2022 14:51
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Zopotantor posted:blame the NSA for that. true, if they’d left it with 64-bit keys it would still be secure today, probably
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Dec 28, 2022 17:27
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Endless Mike posted:chatgpt write a smart contract that accidentally funnels everyone's coins directly to me ChatGPT gains sentience and steals everyone’s buttcoins
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Dec 28, 2022 17:28
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it will be like that time someone did an art exhibit that was a bunch of illegal stuff bough off the dark web, but they made an ai do it so it's not their fault
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Dec 28, 2022 17:29
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quote:Bitcoin sucks? (self.Bitcoin)
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Dec 28, 2022 18:18
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it's not a currency it's an
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Dec 28, 2022 18:26
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infernal machines posted:people wrote multiple posts explaining all the ways they could do this and every single one started with "buy more crypto coins" it really is the first step, which is what makes it funny 1. buy more shitcoins (and pay fees, and set up an account, go through the KYC/AML hoops, etc) 2. xfer shitcoins to your wallet with usdt (and pay fees) 3. use the shitcoins to pay fees to transfer your usdt to an exchange 4. convert shitcoins and usdt into money (and pay fees) 5. withdraw money (and pay fees and taxes and ...) and of course, at every step of this, there are a billion rakes and land mines waiting for you to step on them Boxturret posted:also there's a whole industry built around viruses that specifically hunt out that one long bullshit impenetrable hash string and turn it in to a slightly different one remembering the stackoverflow post that was like "every time i copy [long string of gibberish] the clipboard corrupts it to [other long string of gibberish]" until someone realized the new garbage was actually a shitcoin wallet address
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Dec 28, 2022 18:33
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Dec 28, 2022 18:49
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of course it's a real thing I'm the price with ellipses in it so you can't easily tell exactly what fraction of a dollar it is haven't these guys ever heard of scientific notation?!?
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Dec 28, 2022 18:56
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$2.416x10^-10
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Dec 28, 2022 18:58
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Boxturret posted:$2.416x10^-10 don't dox Elon's kid
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Dec 28, 2022 19:20
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one mole of bulldogcoin please sure, that’ll be 0.01 bitcoins
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Dec 28, 2022 19:37
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can you believe that using bitcoin was only the second stupid thing in this story? the first was going to el salvador without having any idea where he was really going
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Dec 28, 2022 22:32
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whoa, what just happened?
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Dec 28, 2022 22:58
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EricBauman posted:can you believe that using bitcoin was only the second stupid thing in this story? On my original read I for some reason assumed he was a local there who decided to try the bits but this is much funnier
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Dec 28, 2022 23:01
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I wonder how many exchanges out there implemented their math badly enough that you could exploit floating point rounding errors... E: though the fees to do everything probably make that unprofitable
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Dec 29, 2022 02:45
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Yes, it's like a lava lamp.
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https://twitter.com/MetaLawMan/status/1608102993857024000
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Dec 29, 2022 03:51
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lol sure why not it'll at least make for a funny order unless the judge is a joyless rear end in a top hat
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Dec 29, 2022 04:04
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PittTheElder posted:I wonder how many exchanges out there implemented their math badly enough that you could exploit floating point rounding errors... i'm pretty sure at least one in the past would let you enter negative numbers for how much of something you wanted to buy, and would add money to your account, or something like that this is the level of competence you're looking at; if you're concocting some complex scheme that relies on rounding errors, or, i dunno, the non-associativity of floating point operations compared to their pure mathematical counterparts, then you're clearly digging way too deep
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Dec 29, 2022 04:19
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