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The U.S. postal service is trying to con their way into some confidence in mail-in-voting using a blockchain that does literally nothing: https://www.forbes.com/sites/jasonbrett/2020/08/13/us-post-counters-trump-attacks-on-mail-in-voting-with-a-new-blockchain-patent/
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Aug 18, 2020 18:38
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The latest POS buzz for Ethereum is more 6 months away every 6 months stuff right? Or are the idiots actually going to go with the naked Rich Get Richer as the underpinning for their "currency" this time? Yes, add more deflation, this will fix everything.
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May 1, 2021 21:23
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it's pronounced "DOJ futures"
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May 5, 2021 00:47
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Yeah, I'm going to guess that Musk has realized he's able to manipulate the cryptocurrency market and so is ruthlessly exploiting his followers by pumping and dumping at the appropriate times. He doesn't need the price to do anything but move when he tells it to.
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May 11, 2021 17:06
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PostNouveau posted:Didn't someone write something like this 3 years ago and then nothing happened and Tether continued to exist and Bitcoin went to the moon? The market can afford to be irrational a lot longer than anyone can afford to bet against it. We have no idea when the Tether-Bitcoin ecosystem will collapse, all we know is that it's hosed and probably eventually will. That article is correct about the broad strokes but makes stronger predictions about timelines than I think anyone realistically can.
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May 19, 2021 23:38
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Sapozhnik posted:i don't understand how the tether scam is marketed even in principle Besides what KnifeWrench mentioned, the exchanges get "money" for an IOU. That's a "free" loan! A lot of the shadier exchanges then offer deals on Tether or free Tether for taking leveraged positions.
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May 20, 2021 22:00
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LMAO. "The bad news for Bitcoin isn't real, it's carefully orchestrated manipulation by people like me, so that our clients could buy more Bitcoins cheap. Bad news is good for Bitcoin." From someone constantly posting really lovely memes about how people should be buying more Bitcoins and anyone who sells is a "betacuck".
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May 27, 2021 18:45
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Powerful Two-Hander posted:wasn't the whole bitcoin tumbler/mixer thing basically just theatre because given sufficient time you could back trace it all anyway? And assuming you wanted to get the funds out, it would all converge right back into addresses you owned, making the whole exercise pointless. There isn't any legitimate traffic to hide it in so it's basically "If you mix all the dirty money together they can't tie it to one specific crime!"
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Jun 6, 2021 19:20
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Shumagorath posted:is posting the contents of PMs considered bad form if they're funny If it's a real conversation and not shittalking it's a little bad form, but on the other hand 
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Jun 8, 2021 22:50
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nothing loving there
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Jun 22, 2021 20:24
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LMAO. The security is USDC.
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Sep 8, 2021 05:14
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Let me sell you this NFT of a bridge to Ketchikan.
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Sep 11, 2021 08:12
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Nomnom Cookie posted:it’s been a while since I paid attention to tether but has it ever been proven to operate in any way more complex than “you give us money, we give you a token, we spend the money on ourselves” Yes, they give out orders of magnitude more Tether than they get money for.
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Sep 14, 2021 00:03
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It sounds like the orb eats your eyes and a QR code that maps to a wallet, to consider that QR code as belonging to a unique person. So if someone gets you to present the wrong QR code, your eyes belong to their wallet now and you can never be considered a unique person.
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Oct 21, 2021 20:16
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Blotto_Otter posted:this is all well and good but I still do not understand why the SEC cannot simply decide to stomp the gently caress out of Tether and the like using their current existing enforcement powers over unregistered securities and securities exchanges, or why the DOJ can't simply decide to stomp the gently caress out of Tether for simple fraud. Nobody wants to step up and actually do the needful here, so now we have Treasury passing the buck to the American political organ best known for decisive action: the United States Congress The Treasury is neither the SEC nor the DOJ, but they suggest action by the DOJ, the Consumer Financial Protection Bureau, and the Financial Crimes Enforcement Network as an interim measure. The ball seems to be rolling now with the SEC too, so we'll have to see what happens there.
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Nov 1, 2021 23:47
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But you see, NFTs are totally different than the blockchain and ~magic~ will make them useful and good, which is different than when we said ~magic~ would make blockchains useful and good because... ... ... ... Give us your money.
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Nov 4, 2021 22:45
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Friendship ended with Orb, now Cube is my best friend
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Nov 5, 2021 20:29
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Proof of stake is the one where they rely on a few trusted nodes to broadcast the true state, thus rendering all the extra rigmarole even more meaningless than normal. It solves the environmental issues by doing absolutely nothing that could even vaguely be considered useful. https://medium.com/@abhisharm/understanding-proof-of-stake-through-its-flaws-part-3-long-range-attacks-672a3d413501
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Nov 6, 2021 02:22
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The crypto bros stealing art for NFTs gets to one of the stupidest parts of it - the only way to verify the artist or owner of an image was in any way involved in selling the NFT of it is to point to them saying so off chain, somewhere they are trusted to be them. All you can tell on chain is that someone sold a link to the image, not who. The chain is entirely superfluous. This would instantly sink it if it was about anything real instead of raw speculation, but it's not so the musical chairs goes on.
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Nov 12, 2021 07:31
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Most people buying NFTs know they aren't buying the picture of the duck and don't give a gently caress about it being art, all they care about is they think they can flip the poker chip to someone else for more money.
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Nov 17, 2021 02:55
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Boxturret posted:https://www.kickstarter.com/articles/lets-build-whats-next-for-crowdfunding-creative-projects The whole reason to make something a protocol is to make it so different providers have interoperability. Their pitch for why to use the blockchain is "we want to destroy our own network effect."
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Dec 17, 2021 20:05
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It's just weird picrew. Every feature is going to be on a dozen of them, combined with other features.
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Jan 24, 2022 10:48
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RPATDO_LAMD posted:the difference is that the defi loan pays you interest for the collateral it's holding, so you make more money over time. Money comes from number go up, of course. What happens if number go down? Don't think about that.
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Feb 6, 2022 23:31
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Chris Knight posted:https://www.vox.com/the-goods/22933633/crypto-nfts-women-boys-club-web3 quote:As for the other question, one way to look at it is to imagine if this room full of young professional women with disposable income existed in 1997, when Amazon went public. Would you tell them to invest everything they could because you knew someday they’d get rich? Or would you warn them against it because of the myriad ways in which the company has made the world a worse place, and that their dollars could be better used elsewhere? This quote is entirely too illuminating. It horribly misunderstands the very basics of investing, both that stock price is a reflection of the public understanding of the publicly available information at the time and that the reason Amazon's price has gone up consistently over a long time is that so many people find the service it provides to be useful and valuable that the revenue is massive (plus the worker exploitation). In other paragraphs she touches on the speculative, negative sum nature of cryptocurrency, but then totally ignores that here in favor of saying "with hindsight 20/20 you should have invested in Amazon, drat the externalities, so we should invest in crypto now! Girl power!" without any analysis of the similarities of the situations.
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Feb 15, 2022 18:11
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 That's not how any of this works! AHHHHHHHHHHHH
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Feb 17, 2022 19:04
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https://www.currentaffairs.org/2021/12/are-nfts-any-more-stupid-than-everything-else This is an interesting take on NFTs as conspicuous consumption, but I think it wildly underestimates the degree to which these communities are built around get rich quick and that's the only part that most people in one care about.
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Feb 18, 2022 20:49
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Endless Mike posted:https://twitter.com/mattbrownep/status/1526649837646659585?s=21&t=AOV6fT1uMyetVuq0U65nmg I read that as UFC and was confused about the football part but not surprised. One of the UFC’s main sponsors is crypto.com and the organization is run by terrible people
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May 17, 2022 21:11
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Zamujasa posted:there it is again, the implication that a market cap going up or down means that money has been created or deleted from existence, as opposed to merely sucked into a whale's wallet it’s more the collective realization that it was never worth that much to begin with than any existential change or movement of money
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Jun 2, 2022 07:54
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HappyHippo posted:two good questions to ask anyone promoting "house deeds on the blockchain" 3) what happens if the “house nft” is stolen?
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Jun 6, 2022 18:35
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post hole digger posted:i dont know how low it will go, but anyone who thinks this crash will end in bitcoin going to zero or killing the crypto ecosystem is doing a bit of true believing themselves. this poo poo isnt going to just go away no matter how many peoples' life savings it destroys in this crash. I don't think it will go to zero or near zero right away, but I have a hard time seeing it recovering from this crash. They've already gone mainstream, since those are a lot of the potential bagholders and most of those people have lost money much of the target audience won't be getting in again. Plus the constant drain from mining means that the system really does need to keep expanding or it collapses. Finally, now that a ton of ordinary people have lost money on it and the money is leaving the system, the regulators are going to be a lot more willing to get involved (they'll be responding to outrage instead of creating it) and shut down a lot of the behavior/abuses that would keep it being a mainstream speculative casino going forwards.
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Jun 18, 2022 20:09
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I love the log charts because they’re basically those uncritical charts of exponential growth that project into infinity but sad.
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Jun 20, 2022 00:49
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Shageletic posted:Yeah this is why exchanges are supposed to scrutinize and ensure that any coin on their exchanges isn't likely to be a security.* *they all are
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Jul 21, 2022 20:27
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Binance is also incredibly anti-regulation because it's the exchange that grew most off of zero aml checks on their users, they were a massive haven for illicitly acquired cryptocurrency until at least 2021 when regulators started going after them.
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Nov 9, 2022 00:05
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Matt Levine slowly realizing he was way too optimistic in his "Only Crypto Story You Need" and the nu-finance he found interesting is shell games all the way down.
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Nov 14, 2022 21:31
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My gross nerd revenge porn post has people asking questions about why I have gross nerd porn
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Nov 16, 2022 21:42
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the whole article is a pro click: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
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Nov 17, 2022 01:09
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Apple isn't doing it for the pennies, it's doing it to protect its many billions that it earns having a walled garden. It's like defending trademarks, they really don't want to let anything slide enough to create a slippery slope.
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Dec 1, 2022 19:05
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borest frump
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Dec 8, 2022 03:00
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Weatherman posted:i was going to say "it won't exist after that" but i guess it will, just a few dozen kilometres inland of where it is now More like a few hundred feet. Most of Coastal California has cliff ands bluffs with a pretty steep height gradient. It's more affected by increased erosion from climate change than sea level rise. The major exceptions are population centers, of course. San Diego and LA, along with The Bay and The Delta inland a bit.
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Dec 26, 2022 17:54
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Truly the only flaw in an otherwise masterful scam was that it's too international and there's nowhere safe where he didn't defraud people to hide with his spoils.
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Dec 31, 2022 20:00
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