A fool and his not-really-money are soon parted
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@Kian said in A fool and his not-really-money are soon parted:
@Jaloopa I like how he tries to end on a hopeful note, saying "all it would take is for one of the tech giants like Google or Apple to embrace it for the popularity to boom". As if that had a snowball's chance in hell of ever happening. "All it would take is for me to win the lottery to become rich". Yeah, not a great plan if that is what you are betting on.
Not to mention, even if they did, even if Google gave everyone free, secure wallets and a not crap interface (so we're already stretching credibility), every other problem with Bitcoin would still make it useless.
Sound like he's got the cause and effect mixed up.
It's not the case that bitcoin is shit because google and apple don't support it.
Google and apple don't support it because it's shit.
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@Jaloopa said in A fool and his not-really-money are soon parted:
Bitcoin price in bizarre free fall as cryptocurrency hits new 2018 low
Meh...it's just a new relatively stable value.
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@Kian said in A fool and his not-really-money are soon parted:
I like how he tries to end on a hopeful note, saying "all it would take is for one of the tech giants like Google or Apple to embrace it for the popularity to boom". As if that had a snowball's chance in hell of ever happening.
Yeah. Those companies didn't become behemoths by being utterly retarded with money.
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@boomzilla said in A fool and his not-really-money are soon parted:
Those companies didn't become behemoths by being utterly retarded with money.
They got very large by finding clever ways to not pay taxes and other clever ways to persuade shareholders to not demand dividends. Amazing!
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@boomzilla said in A fool and his not-really-money are soon parted:
@Jaloopa said in A fool and his not-really-money are soon parted:
Bitcoin price in bizarre free fall as cryptocurrency hits new 2018 low
Meh...it's just a new relatively stable value.
Yup. I've been told they call that "consensus".
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@PleegWat said in A fool and his not-really-money are soon parted:
Google and apple don't support it because it's shit.
Not that that always stops them.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@PleegWat said in A fool and his not-really-money are soon parted:
Google and apple don't support it because it's shit.
Not that that always stops them.
Nowadays being shit seems to be a necessary but not sufficient condition for Google/Apple to support it.
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@dkf said in A fool and his not-really-money are soon parted:
@Lorne-Kates said in A fool and his not-really-money are soon parted:
USD: swinging between $1.22 and $1.35 (again, roughly).
You can't fool me! One USD is always worth $1.00…
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@Kian said in A fool and his not-really-money are soon parted:
Not to mention, even if they did, even if Google gave everyone free, secure wallets and a not crap interface
Oh boy maybe they can integrate it into
Google WalletI mean
Google CheckoutI mean
Gmail Payment AttachmentsI mean
Google Wallet CardI mean
Google Wallet NFCI mean
Android Pay on AndroidI mean
Google Wallet rewritten to use SoftcardI mean the
Android Pay ServiceI mean the
discontinued but not discontinued on IOS Google WalletI mean the ecosystem of Android Pay and Google Wallet which each do different but similar things
Just like that stable and widely used Google Payment system, yeah!
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@boomzilla said in A fool and his not-really-money are soon parted:
Meh...it's just a new relatively stable value.
If you just zoom the Z-axis into a 5 minute view, with ticks every 30 seconds, you get a stable value!
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We should have seen this coming.
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@Polygeekery Finally, Bitcoins with some value
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@TimeBandit But not much. Those are typically the very nadir of chocolate quality. Not worth the bother.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@TimeBandit But not much. Those are typically the very nadir of chocolate quality. Not worth the
bothercalories.FTFY
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@HardwareGeek So they're real shitcoins.
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@Polygeekery said in A fool and his not-really-money are soon parted:
We should have seen this coming.
BitCoin would sue for trademark infringement, but they couldn't find a lawyer who took payments in BitCoins.
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@Lorne-Kates said in A fool and his not-really-money are soon parted:
BitCoin would sue for trademark infringement, but they couldn't find a lawyer who took payments in BitCoins.
They could probably find one if they used the chocolate bitcoins.
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@Lorne-Kates
I hear not even Frito Pendejo wanted the case.
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@dkf said in A fool and his not-really-money are soon parted:
They could probably find one if they used the chocolate bitcoins.
I'll take the case, pro bonbon.
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Another good reason to start crypto-mining
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@Lorne-Kates
French bitcoin hopes going up in smoke:
https://venturebeat.com/2018/11/22/french-tobacco-shops-will-sell-bitcoin-and-ethereum-starting-january-2019/
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@TimeBandit said in A fool and his not-really-money are soon parted:
New Linux crypto-miner steals your root password and disables your antivirus
Linux doesn't need antivirus because there are no viruses on Linux
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@Lorne-Kates said in A fool and his not-really-money are soon parted:
Linux doesn't need antivirus because there are no viruses on Linux
Not anymore
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We've got a two-fer WTF.
Summary:
- Some dude creates a node.js piece of shit or something. Streams or IO or I don't give a fuck to learn
- It gets popular and widely used
- Dude gets bored and doesn't want to maintain the thing anymore
- literally: some weird stranger from the Internet emails the guy and says "can i have" and dude goes "sure".
- "he [some rando] emailed me and said he wanted to maintain the module, so I gave it to him."
- randoDude instantly adds malicious dependencies to the module
- no one notices for 2-3 MONTHS
- Idiot original dev gave the repro to randoDude but kept his own name on the project, so IdiotOriginalDev keeps getting flack for this
- Everyone loses!
And if fits into this thread because, of course, one of the things the malicious code does is mine bitcoins.
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@TimeBandit eh, that'll just make your system tired and sluggish until you manage to get rid of it, mono is hardly a proper virus.
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@Lorne-Kates said in A fool and his not-really-money are soon parted:
says "can i
havehaz"
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Edit:
Yes, you paid your taxes in full last month, but bitcoin lost 50% of its value since then, so now you need to pay the other half of your taxes
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@Lorne-Kates said in A fool and his not-really-money are soon parted:
We've got a two-fer WTF.
Summary:
- Some dude creates a node.js piece of shit or something. Streams or IO or I don't give a fuck to learn
- It gets popular and widely used
- Dude gets bored and doesn't want to maintain the thing anymore
- literally: some weird stranger from the Internet emails the guy and says "can i have" and dude goes "sure".
- "he [some rando] emailed me and said he wanted to maintain the module, so I gave it to him."
- randoDude instantly adds malicious dependencies to the module
- no one notices for 2-3 MONTHS
- Idiot original dev gave the repro to randoDude but kept his own name on the project, so IdiotOriginalDev keeps getting flack for this
- Everyone loses!
And if fits into this thread because, of course, one of the things the malicious code does is mine bitcoins.
OK, but we've already got two dedicated threads about it:
https://what.thedailywtf.com/topic/25939/the-latest-npm-security-kerfuffle
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@JBert said in A fool and his not-really-money are soon parted:
@Lorne-Kates said in A fool and his not-really-money are soon parted:
We've got a two-fer WTF.
Summary:
- Some dude creates a node.js piece of shit or something. Streams or IO or I don't give a fuck to learn
- It gets popular and widely used
- Dude gets bored and doesn't want to maintain the thing anymore
- literally: some weird stranger from the Internet emails the guy and says "can i have" and dude goes "sure".
- "he [some rando] emailed me and said he wanted to maintain the module, so I gave it to him."
- randoDude instantly adds malicious dependencies to the module
- no one notices for 2-3 MONTHS
- Idiot original dev gave the repro to randoDude but kept his own name on the project, so IdiotOriginalDev keeps getting flack for this
- Everyone loses!
And if fits into this thread because, of course, one of the things the malicious code does is mine bitcoins.
OK, but we've already got two dedicated threads about it:
https://what.thedailywtf.com/topic/25939/the-latest-npm-security-kerfuffle
Woowee, those bitcoin miners sure are sneaky.
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@Lorne-Kates And we've got a three-fer topic.
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@TimeBandit said in A fool and his not-really-money are soon parted:
Edit:
Yes, you paid your taxes in full last month, but bitcoin lost 50% of its value since then, so now you need to pay the other half of your taxes
So Ohio, and its treasurer Josh Mandel, see embracing them as a way to signal that the state is tech-savvy and forward-thinking.
More like signaling that they're complete morons.
Look, if Bitcoin was actually a widely accepted form currency, paying taxes with it would still be the last place to see adoption. But it's not even that, it's only used for speculation and not trading outside, of course, illegal trade.
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@TimeBandit Hmmm. Government adoption you say.
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@topspin Look at it this way:
Some guy invested in BitCoin. That shows that not only he's not very smart, but he's also not very smart with his money. In all likelihood, he hasn't got very good financial planning capacities, and in all likelihood, when the taxman bill arrives, he can't pay it. So the state has to launch lengthy procedures to try and get some money back from him, and likely will never recoup its costs.
OTOH, Ohio now accepts the bitcoins are payment. Random guy is happy, he "paid" his taxes. Ohio state is happy, they got something which, maybe, potentially, one day, they might resell for a > 0 value. They don't need it to be higher than the value they collected them, just higher than the net value of "suing the guy to try and collect something". Since that value is likely < 0, as long as bitcoin has a > 0 value (heck, even =0 would work!), they are guaranteed some positive return compared to the current situation.
In other words, trust a state to always find a way to shaft you, especially if you're dumb and/or poor (or both).
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@remi
Besides, they're "accepting Bitcon" in the same sense as a pizza delivery place does. You pay through a Bitcon payment gateway that issometime within the next 4-72 business days"instantly" converting your Bitcon to fiat, and then they send the fiat to the receiving party. And the Bitcon payer generally bears the transaction fees as well. So from the state's perspective, this is just setting up with an esoteric credit card provider, only with even less ongoing expense to support.
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Well, now maybe Tesla is cash stable, since Mr. Musk doesn’t need government boondoggle cash from The LA Tunnel any more...
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@izzion said in A fool and his not-really-money are soon parted:
Well, now maybe Tesla is cash stable, since Mr. Musk doesn’t need government boondoggle cash from The LA Tunnel any more...
But the decree will be fulfilled one day! something something-coin
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@TimeBandit said in A fool and his not-really-money are soon parted:
Yes, you paid your taxes in full last month, but bitcoin lost 50% of its value since then, so now you need to pay the other half of your taxes
What the shitting hell?
So if Bitcoin rises in price, I get the difference refunded?
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@JBert said in A fool and his not-really-money are soon parted:
OK, but we've already got two dedicated threads about it:
https://what.thedailywtf.com/topic/25939/the-latest-npm-security-kerfuffle
https://what.thedailywtf.com/topic/25940/deja-vu-malicious-javascript-in-a-popular-npm-package-editionWell none of those threads mention crypto mining, so fuck them.
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@Lorne-Kates said in A fool and his not-really-money are soon parted:
@JBert said in A fool and his not-really-money are soon parted:
OK, but we've already got two dedicated threads about it:
https://what.thedailywtf.com/topic/25939/the-latest-npm-security-kerfuffle
https://what.thedailywtf.com/topic/25940/deja-vu-malicious-javascript-in-a-popular-npm-package-editionWell none of those threads mention crypto mining, so fuck them.
The first one does. Which is weird, because this thread already does exist.
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@Lorne-Kates said in A fool and his not-really-money are soon parted:
if Bitcoin rises in price
That train left a long time ago
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@Lorne-Kates
Paying taxes in bitcoin terms and conditions, way the fuck near the bottom of the fine print:By paying your taxes with bitcoin, you agree to indemnify the State of Ohio against all devaluations of bitcoin over the next 2 years. You also agree that the State of Ohio is under no obligation to provide you any refund, adjustment, or tax credits as the result of any increases in the value of bitcoin.
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@izzion said in A fool and his not-really-money are soon parted:
Well, now maybe Tesla is cash stable, since Mr. Musk doesn’t need government boondoggle cash from The LA Tunnel any more...
He can't even complete a non-Hyper Loop.
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@izzion said in A fool and his not-really-money are soon parted:
@Lorne-Kates
Paying taxes in bitcoin terms and conditions, way the fuck near the bottom of the fine print:By paying your taxes with bitcoin, you agree to indemnify the State of Ohio against all devaluations of bitcoin over the next 2 years. You also agree that the State of Ohio is under no obligation to provide you any refund, adjustment, or tax credits as the result of any increases in the value of bitcoin.
So a person paying in Bitcoin takes all of the risk and gets no reward and has to guarantee that Bitcoin will not drop in value for two years?
Someone is going to get seriously fucked by this.
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@Polygeekery
For the record, that post was satire, and i'm fairly sure the actual way it works is@izzion said in A fool and his not-really-money are soon parted:
@remi
Besides, they're "accepting Bitcon" in the same sense as a pizza delivery place does. You pay through a Bitcon payment gateway that issometime within the next 4-72 business days"instantly" converting your Bitcon to fiat, and then they send the fiat to the receiving party. And the Bitcon payer generally bears the transaction fees as well. So from the state's perspective, this is just setting up with an esoteric credit card provider, only with even less ongoing expense to support.But I haven't looked at either, because I neither "invest" in bitcon nor live in Ohio any more.
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@izzion said in A fool and his not-really-money are soon parted:
For the record, that post was satire
In my defense it is 2018 and nearly impossible to tell satire from reality.
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@Polygeekery
So does that mean I can ask @boomzilla for a Poe badge, since I took you with that one?