Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

Adbot
ADBOT LOVES YOU

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
I made something:



It's kind of beautiful.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

Waltzing Along posted:

I'm thinking of closing the thread for a little while. Maybe Seraph will go away if he doesn't have this place? Or would he just open a new thread?

I think it is good to have the thread open, in general. But it also seems to be contributing to Seraphs mania. What do you think? Would it work? Is it worth it?
Maybe, people should just stop interacting with Seraph. That would make this thread a little more readable.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

repiv posted:

new art from the $69mil NFT guy just dropped

https://twitter.com/beeple/status/1371670432408084484?s=19

i miss when he made neat abstract/sci-fi stuff rather than whatever this is
I guess it's fitting he looks like the penultimate Bioshock 1 villain.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

Collateral Damage posted:

How much Tether is printed now and how much actual USD are in Tether?
60 billion, about 2 billion in cash and equivalents

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

jokes posted:

"cash" "equivalents"
Yeah, there's no real proof that their pie charts are actually true, since they are professional liars.

A lot of information in the pie charts was also just copy pasted from their bank's (Deltec) website, so that's supportive of the idea that they have nothing.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

InternetJunky posted:

MAN WHO CAN’T REMEMBER BITCOIN PASSWORD SAYS HE’S ‘MADE PEACE’ WITH $220M LOSS
https://kizafair.com/man-who-cant-remember-bitcoin-password-says-hes-made-peace-with-220m-loss/

A good currency.
Why is he still trying instead of selling the thing for a million dollars.

Must be someone crazy enough to buy it.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

EorayMel posted:

im going to do something to everyone who buys a bitcoin. im going to pump their asses full of nitroglycerin and strap them to a paint mixer until they explode. blow their asses to kingdom come. theyll be scraping their giblets and entrails off the road for miles around. launch their big hosed up skulls into orbit mother fucker.
More victims of the Stimpire.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
https://www.youtube.com/watch?v=lBdxeeolWng

Return of the king?

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

Blotto_Otter posted:

Everything's perfectly fine and normal at Binance, nothing to see here
https://twitter.com/KyleSGibson/status/1402959520884838402
Binance also announced they lost access to Silvergate Bank, which is the banking firm for most of the US crypto cartel, and who serviced Binance their USD SWIFT transfers.

So apparently stuff is bad enough at Binance to get ostracized by their peers.

https://twitter.com/Bitfinexed/status/1402948757205962755?s=20

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
In other news, Bitcoin Miami was a super spreader event:

https://twitter.com/CryptoWhale/status/1403078154252603395?s=19
The organizer:
https://twitter.com/DavidFBailey/status/1403102592402661379?s=19

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

ikanreed posted:

If you accept the principal that people will get bitcoins the cheapest possible way, a bunch of mining disappearing would lower the price because it's now cheaper to mine instead of buy.

So why were so many Chinese people mining if buying was cheaper or equal before?

Because bitcoin mining was a way to avoid China's currency control laws that limit the amount of yuan that can become dollars every year. Miners saw a chance to acquire USD, by way of turning yuan into GPUs first. Bitcoin was a reasonable tax to pay before getting a useful currency
I think the effect should be positive as the remaining miners should be able to get more coins/mine cheaper. Which would reduce their need to sell their bitcoins to cover costs.

So it might be unironically good for the Bitcoin (price).

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
https://www.youtube.com/watch?v=TkBMAHUkibY

Obligatory.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
https://www.youtube.com/watch?v=u9VMfdG873E

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

3hands posted:

What’s the best creative way to profit off of crypto with protection from big daddy fiat? Tesla puts? I’m ready to gamble a bit just so I can brag someday about profiting off of this con collapsing. Also I can’t stand Musk.
You can't, it's too unpredictable and manipulated.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
This happenns regularly, when it goes sub 0.95 it gets interesting.

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
The best thing about this Twitter thread is when he pretends Alameda Research is a different person:

https://twitter.com/SBF_FTX/status/1590709189370081280?s=20&t=sC1mysSaU1Xqpw5cjzBdCg

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
This is a pretty good list of speculation about how SBF might have lost all that money:

https://milkyeggs.com/?p=175

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen

Chromatics posted:

that's wild

even if all that was accurate does he think the fiat@ account just doesn't count?
I guess the fiat@ might fall under the -8 billion liquid assets? But I wouldn't try to put too much value in that horror spreadsheet, except for the conclusion that all the money is gone and not a single accountant ever set foot in their Bahamas sex cult.

His accounting of the assets are "accurate" when you consider stuff like FTX's own tokens to have any value. FTX's assets on their spreadsheet are basically just an assortment of crap:



There's not a penny of actual money on this.

CSM fucked around with this message at 11:35 on Nov 16, 2022

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
https://twitter.com/Cryptadamist/status/1631076767438979079?t=OCFrrp7_pGSKoivyaWf9pw&s=19

Silvergate going down?

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
All my apes liquidated via loan protocols

Adbot
ADBOT LOVES YOU

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
Ugh, my xrp investing boss is going to be insufferable tomorrow.

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply