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Eeyo posted:have any of the nft projects actually gotten anywhere close to delivering something? no, because they're doing securities fraud
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Jun 2, 2022 10:03
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Deep Dish Fuckfest posted:you know, if the entire nft thing was just a way for cartels and other organized crime groups to setup a market to trade their goods right under the nose of the authorities, it would already make a lot more sense than what we're seeing right now. like "monkey 304" is actually 50 pounds of coke in the gulf of mexico, and "slurp juice monkey 7560" is 5 kilos of heroin hidden in a trashcan at schiphol, then it starts to make sense why people might be exchanging those things except would a cartel be dumb enough to have their ledger and cash flow out in the public blockchain?
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Jun 2, 2022 10:12
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its like watching a kid who just got their first magic set and is now trying to produce a stuffed rabbit out of a cardboard hat but keeps loving it up and telling you no, wait, i got it and trying it again, only with securities fraud
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Jun 2, 2022 10:12
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more like they claim to have a rabbit in the hat but you can't see it, then eventually they agree to show you part of it, then the bottom of the hat falls off to reveal it was just part of a dismembered rabbit and the rest of the volume was made up of pieces of paper with "rabbit" written on them in crayon then also there's 1000 "magicians" doing this all at the same time and all claiming they have a whole rabbit each but the total number of rabbit parts doesn't even add up to one whole rabbit because most of it got burned to power a machine that just flashes a big sign saying "real magicians here!" 24/7
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Jun 2, 2022 10:51
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Powerful Two-Hander posted:more like they claim to have a rabbit in the hat but you can't see it, then eventually they agree to show you part of it, then the bottom of the hat falls off to reveal it was just part of a dismembered rabbit and the rest of the volume was made up of pieces of paper with "rabbit" written on them in crayon can we go to happy burger when the analogy is over?
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Jun 2, 2022 11:58
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Suddenly want to see an Alice in Wonderland NFT mashup
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Jun 2, 2022 12:01
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whoops! all securities fraud
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Jun 2, 2022 12:07
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Shageletic posted:Suddenly want to see an Alice in Wonderland NFT mashup
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Jun 2, 2022 12:19
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HELLOMYNAMEIS___ posted:Yet another dumb "NFT" project that'll most likely fail to deliver anything, yet has amassed actual currency: why my whitepaper smell of sperm
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Jun 2, 2022 12:26
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finally, smart contracts that will ensure it can have sex with itself at this time (I can not believe what I wrote it!)
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Jun 2, 2022 12:27
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Sniep posted:like just to clarify, this was still just links in a blockchain to monkey jpegs right that would really put the "key" in "key exchange"
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Jun 2, 2022 14:07
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Sniep posted:like just to clarify, this was still just links in a blockchain to monkey jpegs right i wish everyone covering crypto would start putting scare quotes or asterisks by every USD price that refers to a transaction that involved zero actual united states dollarbucks That NFT never sold for $513,000, it sold for $"513,000"*
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Jun 2, 2022 16:24
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new money stuff about the NFT insider trading thing https://www.bloomberg.com/opinion/articles/2022-06-02/don-t-insider-trade-nfts has some good details about how this counts as insider trading without necessarily meaning that NFTs are securities, and also some great commentary: quote:When people worry about insider trading in stocks, it is because they think insider trading undermines confidence in the stock market. I feel like everything that has ever been thought, said or done about NFTs undermines confidence in the NFT market, so it’s kind of random to go after this.
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Jun 2, 2022 18:09
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sure, in an entire ecosystem where almost everything could qualify as "wire fraud", it seems random that this is the one bit of wire fraud that the feds decide to prosecute... ... until you realize that they're only bothering to prosecute because OpenSea offered this dude up on a platter and made the case piss-easy for the feds, and it's really a story of the big-fish grifters getting pissed off at a small-time scammer who pulled a fast one on them, and getting the cops to take out the trash for them
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Jun 2, 2022 18:23
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wall street market makers do pre-trading, not insider trading there's a huge difference [the difference is the market makers own several senators]
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Jun 2, 2022 18:27
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https://www.reddit.com/r/legaladvice/comments/v39qbw/landlord_held_my_security_deposit_as_bitcoin/ before you click, take a wild guess at what happened xD
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Jun 2, 2022 18:28
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Jonny 290 posted:https://www.reddit.com/r/legaladvice/comments/v39qbw/landlord_held_my_security_deposit_as_bitcoin/ finally some good loving funny content
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Jun 2, 2022 18:29
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qirex posted:wall street market makers do pre-trading, not insider trading there's a huge difference me after realizing after-hours doesn't count as day trading: 
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Jun 2, 2022 18:35
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Shageletic posted:Suddenly want to see an Alice in Wonderland NFT mashup Pumpty Dumpty sat on a buywall,
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Jun 2, 2022 18:43
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Hammerite posted:why my whitepaper smell of sperm very disappointed that the sex to earn project is just a pile of jpegs for sale and a sex-themed roadmap
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Jun 2, 2022 18:52
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https://twitter.com/davidgerard/status/1532312506101813248
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Jun 2, 2022 19:36
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gently caress Marc Andreessen. loving Elon-level idiot clown.
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Jun 2, 2022 19:39
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even that log chart looks sad and flaccid, c'mon man
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Jun 2, 2022 19:39
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CFTC is suing the Winklevii exchange, claiming that Gemini lied to the CFTC while trying to get approval for bitcoin futures contracts: https://twitter.com/business/status/1532431885846007808 ”Bloomberg” posted:In a lawsuit filed in federal court in Manhattan on Thursday, the CFTC alleged that Cameron and Tyler Winklevoss’s Gemini “made false and misleading statements” in communications with commission staff from July to December 2017 about the operations of the Gemini Exchange and the Gemini Bitcoin Auction. this is my shocked face
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Jun 2, 2022 19:44
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the market who was thursday
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Jun 2, 2022 20:35
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buttcoin: sad and flaccid
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Jun 2, 2022 20:57
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mork andreessen, from the egg planet
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Jun 2, 2022 21:19
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Neon Noodle posted:gimme a couple days Autogenerated deck of card soldiers. 10,000 variations on mushroom/vials that say "drink me". 420 caterpillars with fractal smoke patterns.
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Jun 2, 2022 21:45
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https://twitter.com/dlberes/status/1532468381340819458
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Jun 2, 2022 22:55
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(to the tune of 'the kids aren't alright') chances thrown nothing's free lost my ape NFT something's wrong on opensea apes are gone shattered dreams
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Jun 2, 2022 22:59
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this is fine
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Jun 2, 2022 23:14
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When I read stuff like this, all I can think about is when I started in public accounting right in the middle of the 2007/2008 crash, and out of all the unpleasant stuff most accounting firms did during that time - layoffs, hiring freezes, salary freezes and cuts, benefit cuts - the one thing they did not do was revoke job offers from people who had already accepted offers. They did everything but that, because they understood that that is the one thing that will make your name mud when it comes to recruiting new hires in the future.
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Jun 2, 2022 23:16
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it's coinbase, there ain't no future everything these shitlords to is based on getting theirs and running. there is nothing like long term planning, because there is no long term in crypto
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Jun 2, 2022 23:23
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Boxturret posted:this is fine no it's GOOD, not just fine , , for bizcoin
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Jun 2, 2022 23:47
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infernal machines posted:it's coinbase, there ain't no future this is also good, for basecoin
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Jun 2, 2022 23:47
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infernal machines posted:it's coinbase, there ain't no future yeah their whole business model is to locate the next sucker, of course that would bleed into how they run the company internally
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Jun 3, 2022 00:22
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should've put those offers on the immutable blockchain 
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Jun 3, 2022 00:28
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Zamujasa posted:should've put those offers on the immutable blockchain 
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Jun 3, 2022 00:37
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https://twitter.com/TaylorLorenz/status/1532506159378092032?s=20&t=yqQJI9jjxMSnwZe-lTRzaQ
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Jun 3, 2022 00:39
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Blotto_Otter posted:When I read stuff like this, all I can think about is when I started in public accounting right in the middle of the 2007/2008 crash, and out of all the unpleasant stuff most accounting firms did during that time - layoffs, hiring freezes, salary freezes and cuts, benefit cuts - the one thing they did not do was revoke job offers from people who had already accepted offers. They did everything but that, because they understood that that is the one thing that will make your name mud when it comes to recruiting new hires in the future.
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Jun 3, 2022 01:25
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