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Gubbinal Girl
Apr 11, 2022


Ups_rail posted:

Is vaping allowed in texas? I figured they just smoke cigerrates

Oh yeah, the state is not going to let big government get in the way of people inhaling lead. Every lovely small town has at least one vape/tattoo shop now. We even have a weird loophole where you can buy real delta 9 weed edibles but not flower. You can get "altcannibinoid" vape carts that are increasingly like spice

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Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

Gubbinal Girl posted:

Oh yeah, the state is not going to let big government get in the way of people inhaling lead. Every lovely small town has at least one vape/tattoo shop now. We even have a weird loophole where you can buy real delta 9 weed edibles but not flower. You can get "altcannibinoid" vape carts that are increasingly like spice

IIRC Delta9 is in a weird grey area because it's like... the delta7 or something THC strain that's technically the scheduled one?

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

deep dish peat moss posted:

This is incredible :psyduck:

I've got a 1867634846162 here, the bidding starts at 100,000

Gubbinal Girl
Apr 11, 2022


Neito posted:

IIRC Delta9 is in a weird grey area because it's like... the delta7 or something THC strain that's technically the scheduled one?

As far as I know it's because each individual edible has such a small amount of D9 that it's below some limit in the 2018(?) US farm bill that legalized CBD. The same reason is why D8 became a thing in a lot of places

Strong Sauce
Jul 2, 2003

You know I am not really your father.





ullerrm posted:

This guy has spent the last two years repeatedly investing his entire life in zany get-rich schemes.
And may have narrowly dodged causing an ecological disaster.

https://old.reddit.com/r/BestofRedditorUpdates/comments/108enh7/tifu_by_importing_bees_to_uruguay/

It reminds me of Casey Serin from the subprime mortgage days.


on the one hand, this poo poo seems unbelievable, like how is he even getting the money to do any of this... on the other hand there's so much bullshit it has to be real.

thinking he could offer to "sell" his huge rear end water bed mattress he bought on credit(?) by offering the person the mattress at the end of 2024 in exchange for paying 85% of his monthly payments _now_ so his mom could continue using it. completely ignoring that people who pay for used stuff generally get it now instead of paying now to get it later. like it is so insane it has to be real.

and the dude is a huge rear end in a top hat and completely oblivious. it is pretty funny that he ignores any legitimate advice as people being prejudice to foreigners only to make a post asking about how to solve the issue he could have avoided had he taken _any body's_ advice.

just constantly changing his mind about everything.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
I enjoyed the bit where he said he was planning to move to the Netherlands in a week and was only now starting to try to work out exactly where it was he wanted to live.

Also the part where all the local towns he visited with his icecream cart would have a day to celebrate him coming, and that this endeavor would be so popular it would increase Turkish tourism so much they should pay him 40k in advance.

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur

Gubbinal Girl posted:

As far as I know it's because each individual edible has such a small amount of D9 that it's below some limit in the 2018(?) US farm bill that legalized CBD. The same reason is why D8 became a thing in a lot of places

Hemp. They legalized hemp with 0.3% natural THC.

Fortunately, most of the fun cannabinoids can be synthesized from CBD. So they run CBD through a process to turn it into the Deltas, which is why you can buy Delta 9 even in Kansas. As long as the plant has less than 0.3% natural THC, you can basically do whatever you want with it after harvest.

NtotheTC
Dec 31, 2007


Boxturret posted:

I've got a 1867634846162 here, the bidding starts at 100,000

Selling Used Encryption Keys: Like New

Perfect if you can't afford your own ant farm

incoherent light
Aug 15, 2014

notwithoutmyanus posted:

I found the #1 technical analysis resource for everyone!
https://www.patreon.com/APFK_AsianPicasso
Check the chart art, it's pure ghostty material.



Comet spotted, Bitcoin loses 1 stability

Detheros
Apr 11, 2010

I want to die.



incoherent light posted:

Comet spotted, Bitcoin loses 1 stability

If only we had comet sense.

CPA Hell
Apr 15, 2007

I like to press the number six!

ullerrm posted:

This guy has spent the last two years repeatedly investing his entire life in zany get-rich schemes.
And may have narrowly dodged causing an ecological disaster.

https://old.reddit.com/r/BestofRedditorUpdates/comments/108enh7/tifu_by_importing_bees_to_uruguay/

It reminds me of Casey Serin from the subprime mortgage days.

I'm a third the way through and I am so expecting him to try to walk across the US while dragging a bicycle cart.

buttcrackmenace
Nov 14, 2007

see its right there in the manual where it says
Grimey Drawer
(thread necro)

Ziv Zulander posted:

The last time I saw $2 bills and dollar coins in person was years ago, when I was at a poutine stand. It was being ran by this hipster guy with a waxed mustache and his acne riddled, fedora wearing son and it was the only change they were giving out

I own a private ATM business. I have machines in gas stations, hotel lobbies, small stores, etc.

I also have machines in some of the local strip clubs. I used to stock those machines exclusively with $2 bills.

Had to switch to stocking those with $1s and $20s about a decade ago as I couldn't reliably get $2s in sufficient quantities

buttcrackmenace fucked around with this message at 19:50 on Jan 31, 2023

Strong Sauce
Jul 2, 2003

You know I am not really your father.





https://twitter.com/FBIBoston/status/1620541530178985985

Sophy Wackles
Dec 17, 2000

> access main security grid
access: PERMISSION DENIED.






Well not exactly because of one man’s greed given probably all the investors were looking to get rich quick.

GhostofJohnMuir
Aug 14, 2014

anime is not good
i have to regularly restrain myself from posting excerpts of matt levine's money stuff newsletter, but today's bit on celsius is too good not to share

quote:

Elsewhere in bankruptcy:

A court-appointed examiner blasted crypto lender Celsius Network Ltd and its former Chief Executive Officer Alex Mashinsky for lacking adequate risk management and misleading customers about its business practices and financial health.

Examiner Shoba Pillay said in her 689-page final report published Tuesday that Celsius — which let people earn yield on their coins by lending them out — lacked the ability to accurately track its assets and liabilities, and tried to erase misrepresentations made by Mashinsky in public statements.

Here is the report, and you might not expect a 689-page report by a lawyer in a bankruptcy case to be entertaining reading, but you’d be wrong. (You will probably find it less entertaining if you invested in Celsius.) Part of the problem at Celsius was that (1) its business model was bad and (2) it lied about it. The report says:

The business model Celsius advertised and sold to its customers was not the business that Celsius actually operated. Through its website, marketing emails, Twitter, livestream town hall meetings, and other messaging, Celsius sold its customers on the concept that it was better than traditional “big banks.” By investing with Celsius, its customers were told that they would be able to “unbank” themselves and enjoy “financial freedom” as part of the Celsius community. Celsius emphasized that it put “its community first” and that its business would be “built on trust” and “transparency” with its community members. Celsius promoted itself as an altruistic organization, bragging in one blog post: “Can we really bring unprecedented financial freedom, economic opportunity and income equality to everyone in the world? We are Celsius. We dream big.”

Celsius boasted that its primary financial product—its “Earn” program— was the “safest place for your crypto.” Customers who participated in the Earn program transferred their crypto assets to Celsius in exchange for interest, or what Celsius called rewards. In turn, Celsius deployed its customers’ crypto assets—through further loans, investments, or on exchanges—to generate income, or what Celsius called yield. Celsius’s co-founder and majority owner, Alex Mashinsky, repeatedly told customers in his weekly livestream conversations (referred to as “Ask Mashinsky Anything” or “AMAs”) that customer-deposited coins “are your coins, not our coins . . . [i]t’s always your Bitcoin.” When asked what would happen in the event of a bankruptcy, Mr. Mashinsky told customers “coins are returned to their owners even in the case of bankruptcy.”

Celsius advertised that it knew how to generate high returns with low risk by doing “what Celsius does best”—carefully vetting its financial counterparties and ensuring that when those counterparties borrowed crypto assets from Celsius, they pledged “over 100% collateral” to secure their loans. Celsius sold its customers on the promise that Celsius would pay them “at least 5% annual interest” and that their rewards would equal each customer’s share of up to 80% of Celsius’s revenues.

Basically none of that was true: “Celsius did not distribute up to 80% of its revenues to its customers because it had little to no profits to distribute.” “Celsius made loans that were not fully secured or were unsecured so that it could charge higher interest rates.” “By June 2021, it was routine for one-third of Celsius’s institutional loan portfolio to be wholly unsecured and more than half of the portfolio to be under-collateralized.” “Celsius did not have a risk management function or written risk policies in place before 2021.” And, of course, Celsius’s coins were very much not returned to their owners in the case of bankruptcy.

Even worse, though, is the stuff about Celsius’s own CEL token. Celsius created CEL tokens, and sold them for cash to raise money, and also distributed them to insiders (Mashinsky) who sold them for more money; meanwhile Celsius was “market making” in Celsius tokens and pushing up their price. If you squint, what that sentence means is something like “Celsius took its customers’ real money and gave it to Mashinsky in exchange for some magic beans.” I mean, that is an argumentative and somewhat extreme way of putting it. On the other hand here are some actual quotes from the bankruptcy report!

During the height of Celsius’s market making, Celsius often sought to protect CEL from price drops that it attributed to Mr. Mashinsky’s sales of large amounts of his personal CEL holdings. As a result of Mr. Mashinsky’s sales, Celsius often increased the size of its resting orders to buy all of the CEL that Mr. Mashinsky and his other companies were selling. These trades caused Celsius’s former Chief Financial Officer to write “[w]e are talking about becoming a regulated entity and we are doing something possibly illegal and definitely not compliant.” As one employee noted in an internal Slack communication: “if anyone ever found out our position and how much our founders took in USD could be a very very bad look . . . We are using users USDC to pay for employees worthless CEL . . . All because the company is the one inflating the price to get the valuations to be able to sell back to the company.”

Yeesh! And:

In 2022, Celsius employees routinely discussed that CEL was “worthless,” stating that its price “should be 0,” and that Celsius should “assume CEL is $0 since we cannot liquidate our current CEL position,” and questioning whether any party (other than Celsius itself) was purchasing CEL.

And:

In April 2022, Celsius’s Coin Deployment Specialist described Celsius’s practice of “using customer stable coins” and “growing short in customer coins” to buy CEL as “very ponzi like.” A few weeks later when Celsius made another push to prop up the price of CEL, Celsius’s former Vice President of Treasury asked where the cash was coming from to make the CEL purchases and Celsius’s Coin Deployment Specialist replied, “users like always.” This same employee explained that at the time he made this statement, Celsius had “negative equity” and therefore necessarily was using customer funds when it made these purchases.

Aaaaahhhh! You can’t! You can’t send messages like that! If you find yourself messaging your boss to say things like “our business is very Ponzi like” and “we have negative equity so we’re using customer funds to buy worthless coins so our founder can cash out,” no! Stop! If you have written sentences like that, don’t send them to your boss! Print them out and get yourself a lawyer and a whistle-blower deal! My lord. This is not legal advice but what are you even doing?

i think it's really damning on regulators and law enforcement that there was so much fraud and theft going on at "major exchanges" and it was allowed to just proceed until the schemes collapsed and now they're stepping in to sort through the pieces. it was obvious to any serious person since day one that this is how everything crypto essentially operates

also if you're not subscribed to matt levine's free newsletter, i highly recommend it. it doesn't always have crypto related items, but it's generally always has a few chuckles in a "no one has any idea how things work" kind of way

GhostofJohnMuir fucked around with this message at 00:32 on Feb 1, 2023

Deptfordx
Dec 23, 2013

Seconding this recommendation. It's been regular reading material since I discovered it before Xmas.

Clockwerk
Apr 6, 2005


Free newsletters, like water, lack intrinsic value and have no place in my life

Popete
Oct 6, 2009

This will make sure you don't suggest to the KDz
That he should grow greens instead of crushing on MCs

Grimey Drawer
E: wrong thread

Popete fucked around with this message at 05:13 on Feb 1, 2023

Lammasu
May 8, 2019

lawful Good Monster
I'm about halfway through Attack of the 50 Foot Blockchain and it's been pretty informative. When the Mt. Gox incident happened, I was wondering why a French guy was running an exchange in Japan. I must say the reason being he really liked Sailor Moon was a surprise.

Dabir
Nov 10, 2012

Lammasu posted:

I'm about halfway through Attack of the 50 Foot Blockchain and it's been pretty informative. When the Mt. Gox incident happened, I was wondering why a French guy was running an exchange in Japan. I must say the reason being he really liked Sailor Moon was a surprise.

What's surprising about a crypto bro being a fan of a show about 14 year old girls in extremely short skirts

Lammasu
May 8, 2019

lawful Good Monster

Dabir posted:

What's surprising about a crypto bro being a fan of a show about 14 year old girls in extremely short skirts

That's not the surprising part. It's that he loved it so much he moved to Japan.

Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

Lammasu posted:

That's not the surprising part. It's that he loved it so much he moved to Japan.

That's actually super not surprising as well, frankly.

Rad-daddio
Apr 25, 2017

Gubbinal Girl posted:

This might be fake but I have met so many people exactly like this in AA.

"I found a drop shipping opportunity for vapes that catch fire and I'm going to sell them to the asian population of Baytown, Texas." - A business pitch I heard in a church parking lot

all my vapes, exploded.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
all my vapes, bomb

Gubbinal Girl
Apr 11, 2022


The guy figured since because the vapes are made in China and have Chinese on it then Chinese people in Texas would like it. In case you're wondering: no, he did not know that not all Asian people are Chinese.

This was also early for vapes, like 2010. A few years later this same guy would be pushing those giant box ones with flashlight batteries and LEDs.

Ups_rail
Dec 8, 2006

by Fluffdaddy

Neito posted:

That's actually super not surprising as well, frankly.

Yeah....anime was a mistake.


Also spoke to a dude the other day who love anime and the scrub didnt know about ranama 1/2 or lum.

Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

Ups_rail posted:

Yeah....anime was a mistake.


Also spoke to a dude the other day who love anime and the scrub didnt know about ranama 1/2 or lum.

Lum is only weird to me because there's a new Urusei Yatsura series that did pretty well last year. Ranma 1/2 doesn't surprise me cus that's wicked overshadowed by Inu Yasha.

Cabbages and Kings
Aug 25, 2004


Shall we be trotting home again?

Neito posted:

IIRC Delta9 is in a weird grey area because it's like... the delta7 or something THC strain that's technically the scheduled one?

it's delta8 that's in a weird status, the FDA says it's CBD under the farm bill, the DEA says nuh-uh

the law appears to be on the side of the DEA, especially given that D8 being sold is being reacted from CBD, possibly in unsafe ways and almost certainly going through a series of schedule-1 intermediary chems to get there.

It's not quite as dumb as spice, in that none of the current weird fake noids (d8, d10, THCV, oTHC, etc) appear to be full agonists or remotely as "gently caress you, neurotoxicity!" as some of the stuff that followed the JWH-018 ban.

If I lived in an illegal state I'd still be risking cops vs "whatever the gently caress is in this d8 garbage", tho.

Also I used to have two friends who were super heavy into d8. One of them isn't anymore, the other one killed himself. I don't blame the D8 but also eating grams of it in a month prolly didn't help mental stability.

Durzel
Nov 15, 2005


GhostofJohnMuir posted:

i have to regularly restrain myself from posting excerpts of matt levine's money stuff newsletter, but today's bit on celsius is too good not to share

i think it's really damning on regulators and law enforcement that there was so much fraud and theft going on at "major exchanges" and it was allowed to just proceed until the schemes collapsed and now they're stepping in to sort through the pieces. it was obvious to any serious person since day one that this is how everything crypto essentially operates

also if you're not subscribed to matt levine's free newsletter, i highly recommend it. it doesn't always have crypto related items, but it's generally always has a few chuckles in a "no one has any idea how things work" kind of way
I'm not sure where I land on regulation.

On the one hand there are entities (e.g. Binance) clamoring for regulation because it would encourage mass adoption. Regulation tends to suggest legitimisation. If the Government appears to back something then people won't necessarily look beyond that, they'll just assume it's "just like stocks and shares".

On the other hand with no regulation people are just going to keep getting scammed. Crypto maxis I don't care about, but I can rustle up some sympathy for people who don't know any better, are desperate to climb out of the gutter, are outright scammed, etc.

I kinda feel like the "best" solution for crypto is to constrict every mechanism of converting it to real money. If banks are prohibited from dealing with exchanges full stop, then it will simply be impossible for your average person to get involved, and therefore prices will crater because it will only be die hards moving money through all kinds of shady outlets to ultimately get it into Binance etc. It seems like it ought to be possible for banks to maintain a list of "banned" bank accounts, etc?

Cyrano4747
Sep 25, 2006

Yes, I know I'm old, get off my fucking lawn so I can yell at these clouds.

Durzel posted:

I'm not sure where I land on regulation.

On the one hand there are entities (e.g. Binance) clamoring for regulation because it would encourage mass adoption. Regulation tends to suggest legitimisation. If the Government appears to back something then people won't necessarily look beyond that, they'll just assume it's "just like stocks and shares".

On the other hand with no regulation people are just going to keep getting scammed. Crypto maxis I don't care about, but I can rustle up some sympathy for people who don't know any better, are desperate to climb out of the gutter, are outright scammed, etc.

I kinda feel like the "best" solution for crypto is to constrict every mechanism of converting it to real money. If banks are prohibited from dealing with exchanges full stop, then it will simply be impossible for your average person to get involved, and therefore prices will crater because it will only be die hards moving money through all kinds of shady outlets to ultimately get it into Binance etc. It seems like it ought to be possible for banks to maintain a list of "banned" bank accounts, etc?

The regulation that needs to happen is on the end of advertising these scams. There is a whole chain of people in the chain that goes from "bitcoin is a thing" to "Matt Damon calling you a pussy at the Superbowl Halftime for not buying some" and pretty much all of them made a buck. That's how you get normal people thinking that it's a normal investment along the lines of their Meryl Lynch 401k or whatever, when in reality it's a ponzi run by the dorkiest polycule ever.

The kicker is that the Matt Damon add in particular is probably legal under existing regulation, because he never said to buy a specific thing.

Really the answer to all of this is to just get them classified as securities so that existing regulation applies to them, which will make them stop being attractive overnight. Like most other tech /e-business "innovation" in the last decade they didn't so much invent a new thing as dodge existing regulations by doing Old Thing but on your phone. See also: Uber.

divabot
Jun 17, 2015

A polite little mouse!
the correct regulator for crypto is the DoJ

Space Fish
Oct 14, 2008

The original Big Tuna.


Boxturret posted:

all my vapes, bomb

evilweasel
Aug 24, 2002

Durzel posted:

I'm not sure where I land on regulation.

On the one hand there are entities (e.g. Binance) clamoring for regulation because it would encourage mass adoption. Regulation tends to suggest legitimisation. If the Government appears to back something then people won't necessarily look beyond that, they'll just assume it's "just like stocks and shares".

On the other hand with no regulation people are just going to keep getting scammed. Crypto maxis I don't care about, but I can rustle up some sympathy for people who don't know any better, are desperate to climb out of the gutter, are outright scammed, etc.

I kinda feel like the "best" solution for crypto is to constrict every mechanism of converting it to real money. If banks are prohibited from dealing with exchanges full stop, then it will simply be impossible for your average person to get involved, and therefore prices will crater because it will only be die hards moving money through all kinds of shady outlets to ultimately get it into Binance etc. It seems like it ought to be possible for banks to maintain a list of "banned" bank accounts, etc?

my personal feeling is that a lot of this stuff was brazenly illegal, but it started bubbling too fast and regulators got afraid that if they cracked down hard they would get blamed for the losses

so they let it slide and cracked down on the stuff that went bust. but like, when the SEC sued Gemini/Genesis like a week before the bankruptcy - come on! everyone knew for years they were doing it! it's not like you just noticed! deal with it at the beginning!

Cyrano4747
Sep 25, 2006

Yes, I know I'm old, get off my fucking lawn so I can yell at these clouds.

evilweasel posted:

my personal feeling is that a lot of this stuff was brazenly illegal, but it started bubbling too fast and regulators got afraid that if they cracked down hard they would get blamed for the losses

so they let it slide and cracked down on the stuff that went bust. but like, when the SEC sued Gemini/Genesis like a week before the bankruptcy - come on! everyone knew for years they were doing it! it's not like you just noticed! deal with it at the beginning!

I think it's far more likely that they were reticent to call them securities because it would have meant more regulatory load without the commensurate resources to take care of it.

zedprime
Jun 9, 2007

yospos

Durzel posted:

I'm not sure where I land on regulation.

On the one hand there are entities (e.g. Binance) clamoring for regulation because it would encourage mass adoption. Regulation tends to suggest legitimisation. If the Government appears to back something then people won't necessarily look beyond that, they'll just assume it's "just like stocks and shares".

On the other hand with no regulation people are just going to keep getting scammed. Crypto maxis I don't care about, but I can rustle up some sympathy for people who don't know any better, are desperate to climb out of the gutter, are outright scammed, etc.

I kinda feel like the "best" solution for crypto is to constrict every mechanism of converting it to real money. If banks are prohibited from dealing with exchanges full stop, then it will simply be impossible for your average person to get involved, and therefore prices will crater because it will only be die hards moving money through all kinds of shady outlets to ultimately get it into Binance etc. It seems like it ought to be possible for banks to maintain a list of "banned" bank accounts, etc?
Are you assuming regulation is government waving a wand at the bank and saying "whoosh you're regulated?"

Subjecting cryptoenterprise to a drop of the poo poo securities and banks are required by the government to do would strangle most of them in the crib. If they survive, congrats on the new blood in the industry same as the old blood. At least there'd be an ounce of prevention for the future.

Anyway even if we woke up and decided to fix this today there's years of prosecution and disentangling poo poo just to stop the bleed.

Rad Russian
Aug 15, 2007

Soviet Power Supreme!
The govt let itself be gaslighted for years by crypto bros screaming that it's not a security but a digital currency/store of value/ape art etc. What the govt regulators should have done is just create a new category called "Crypto", let the crypto bros broadly define it for them, and then copy-paste ALL the regulations from the securities section under this new section. This way no one can complain that it's misidentified.

evilweasel
Aug 24, 2002

Rad Russian posted:

The govt let itself be gaslighted for years by crypto bros screaming that it's not a security but a digital currency/store of value/ape art etc. What the govt regulators should have done is just create a new category called "Crypto", let the crypto bros broadly define it for them, and then copy-paste ALL the regulations from the securities section under this new section. This way no one can complain that it's misidentified.

the issue is that crypto, as a pretend financial system, does all of the things you need to regulate in financial systems at different times

like celsius was, basically, a bank and should have been regulated like one
exchanges (especially ones with derivatives) are a lot like commodity exchanges and should be regulated like them and/or like broker dealers
basically every coin launch ever is creating an unregistered security and should be regulated like one

crypto shouldn't just get its own regulation because it is fundamentally trying to do financial stuff, but just replacing the money and securities with things that...are not those...but it's the underlying financial stuff that needs to be regulated and isn't really different than doing it with real money

Cyrano4747 posted:

I think it's far more likely that they were reticent to call them securities because it would have meant more regulatory load without the commensurate resources to take care of it.

this is not really how government regulators think. regulators that care, want to expand their reach to cover more things that should be done more correctly. regulators that don't care, want to expand their reach because by "regulating" something new, that's another industry you can get a cushy job in for doing a good job not regulating when you want to leave the government.

also, nothing says "give me more resources" more effectively than being in charge of the Hot New Thing. the SEC has been very clearly trying to expand its reach over crypto, just doing it in a way they can't be blamed for anyone's losses because the SEC was the one that popped the bubble - but, of course, they're kinda responsible for the damage that happened after they could have stepped in.

evilweasel fucked around with this message at 21:13 on Feb 1, 2023

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

Gubbinal Girl posted:

The guy figured since because the vapes are made in China and have Chinese on it then Chinese people in Texas would like it. In case you're wondering: no, he did not know that not all Asian people are Chinese.

This was also early for vapes, like 2010. A few years later this same guy would be pushing those giant box ones with flashlight batteries and LEDs.

This absolutely and unequivocally could be a b plot on King of the Hill.

Cyrano4747
Sep 25, 2006

Yes, I know I'm old, get off my fucking lawn so I can yell at these clouds.

evilweasel posted:



this is not really how government regulators think. regulators that care, want to expand their reach to cover more things that should be done more correctly. regulators that don't care, want to expand their reach because by "regulating" something new, that's another industry you can get a cushy job in for doing a good job not regulating when you want to leave the government.

also, nothing says "give me more resources" more effectively than being in charge of the Hot New Thing. the SEC has been very clearly trying to expand its reach over crypto, just doing it in a way they can't be blamed for anyone's losses because the SEC was the one that popped the bubble - but, of course, they're kinda responsible for the damage that happened after they could have stepped in.

It's very much how a lot of government offices I've worked with operate. I've seen some really loving heated arguments between people in separate divisions under the same org about who is responsible for overseeing some new widget inspection, because they're both over-tasked and it could be argued that the widget falls under either one of them. Like, it's easy enough if someone comes out with a new type of prayer beads, that's the Bureau of Beads and Necklaces, and those guys have to handle it regardless of how behind they are. And if someone comes out with a new buttpug obviously that's the Department of Flared Bases. But hey, we've got all these anal beads, who do we send them to? Queue a lot of arguing and emails and no one wanting to take the extra task.

edit: it can not be understated just how under-resourced a lot of government offices are for dealing with the things that they are 100% responsible for. There's a lot less intentional empire building than you would think, if for no other reason than having a poo poo ton of areas under your purview and getting none of it done looks loving horrible and can wreck career prospects.

Cyrano4747 fucked around with this message at 22:27 on Feb 1, 2023

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Bitcorn Magnate
Feb 1, 2023

by Hand Knit
it honestly blows my mind how you people can come right up the to the door of understanding Bitcoin, circle around, inspect it, and then turn away.

again and again and again.

Just.. you're SO close.

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