A fool and his not-really-money are soon parted
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@Cursorkeys 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:
@izzion Now that really sounds like a stable currency.
Also, the slight matter of:
Tell me Mr buttvestor, what use is a Bitcoin if you are unable to...
speakcash out into flithy fiat?Who woulda thought that penny stocks actually look good compared to something else...
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Bitcoin laundry bestmixer.io was taken offline by the FIOD, the dutch fiscal intelligence service, in collaboration with Europol and the Luxembourg authorities. Six servers in The Netherlands and Luxembourg were seized.
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@Tsaukpaetra That's "news" from 2018?
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@JBert said in A fool and his not-really-money are soon parted:
@Tsaukpaetra That's "news" from 2018?
Never said it was news. I just don't recall of being mentioned. Figured someone would look at it and point fingers if it's gone tits-up since then.
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Yo, I heard you like blockchain so I put a blockchain in your CRM...
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@loopback0 said in A fool and his not-really-money are soon parted:
Yo, I heard you like blockchain so I put a blockchain in your CRM...
If you replace CRM with CMS, makes me wonder... Is git blockchain?
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@topspin said in A fool and his not-really-money are soon parted:
@loopback0 said in A fool and his not-really-money are soon parted:
Yo, I heard you like blockchain so I put a blockchain in your CRM...
If you replace CRM with CMS, makes me wonder... Is git blockchain?
Under some definitions: yes. It's very much a stretch though, because there's quite a few mechanisms which are needed for e.g. a cryptocoin which git obviously doesn't have.
Now if only I could find an article again which talked about exactly that...
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@izzion Paging @stillwater to ask if you can bribe cops with cryptocoin...
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Cryptocurrency plus McAfee — what could go wrong?
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@HardwareGeek said in A fool and his not-really-money are soon parted:
what could go wrong?
Well to start off with you'll never be able to be uninstalled because it's blockchain and that means forever and public. Right?
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I'll pump and I'll dump and I'll blow your house down!
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That cryptocurrency, Chainlink (LINK), enjoyed a parabolic swing that launched its price as high as $2.00 on Binance. Just hours earlier, LINK had traded below $1.10.
Wow, such stratosphere. Also, according to the intraday chart in the article, it didn't, in fact, get to $2.00; the peak looks to be about $1.95 or $1.96. 4 or 5¢ isn't a lot, but the amount is only $2, it's a significant fraction.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
That cryptocurrency, Chainlink (LINK), enjoyed a parabolic swing that launched its price as high as $2.00 on Binance. Just hours earlier, LINK had traded below $1.10.
Wow, such stratosphere. Also, according to the intraday chart in the article, it didn't, in fact, get to $2.00; the peak looks to be about $1.95 or $1.96. 4 or 5¢ isn't a lot, but the amount is only $2, it's a significant fraction.
But you have to look at percentages. You don't just buy one of them. That's a significant gain in price. But how much of it is out there?
That gives LINK a $619 million market cap, rocketing it to the 23rd spot in the market cap rankings and vaulting it past better-known crypto assets including Zcash and Dogecoin.
Not huge in the scheme of things.
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Earlier in 2018:
Then it was time again for Warren Buffet's yearly 'pay for lunch with me' charity auction.
Seems a crypto dude wants to proselytize for a serious amount of cash:
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@levicki said in A fool and his not-really-money are soon parted:
Oh boy, oh boy... if you hated Facebook and thought they are evil motherfuckers wait till you read this...
....that can't be legal.
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@levicki said in A fool and his not-really-money are soon parted:
@topspin said in A fool and his not-really-money are soon parted:
@levicki the better question would be: what’s the point of a centralized (facebook) crypto coin, over a traditional centralized approach like PayPal.
The point is their ability to track everyone's finances in realtime.
"Benefit" for the users is that they won't have to do an extra step to share what they bought on Facebook -- it will be automatic:
topspin's newsfeed
Your weird neighbour just bought a 55 gallon barrel of lubricant from Amazon.com. -- Just now
[Like] [Excited] [Order one for yourself]Let's be realistic. It will be @topspin's neighbor that sees it in his feed.
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@pie_flavor said in A fool and his not-really-money are soon parted:
@Zecc 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:
"Bitcoin sure is a boon to humanity and makes the world a better place THAT WAS SARCASM".
I read this in @blakeyrat's voice.
He either wouldn't tell you it was sarcasm because you should just know, or he would know that you didn't know and would insult you while saying it.
Then accuse you of abusing him and/or threatening him.
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Who is ready for multi-GB DNS caches on their computers? Ones that require significant computing power to constantly reprocess?
Block chain DNS. Who needs registrars and glue records when every single machine on Earth can just store their own complete DNS database?
I am beginning to think this whole block chain thing is a conspiracy brought to us by storage manufacturers. Or power companies. Or both.
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@Polygeekery said in A fool and his not-really-money are soon parted:
Let's be realistic. It will be @topspin's neighbor that sees it in his feed.
Can we make notifications for this kind of thing? I don't want to wade through your feed just to find out when exactly you are buying large quantities of fire accelerant
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@Polygeekery said in A fool and his not-really-money are soon parted:
@levicki said in A fool and his not-really-money are soon parted:
@topspin said in A fool and his not-really-money are soon parted:
@levicki the better question would be: what’s the point of a centralized (facebook) crypto coin, over a traditional centralized approach like PayPal.
The point is their ability to track everyone's finances in realtime.
"Benefit" for the users is that they won't have to do an extra step to share what they bought on Facebook -- it will be automatic:
topspin's newsfeed
Your weird neighbour just bought a 55 gallon barrel of lubricant from Amazon.com. -- Just now
[Like] [Excited] [Order one for yourself]Let's be realistic. It will be @topspin's neighbor that sees it in his feed.
I wish.
But hey, no fair, I already made a relevant joke about that myself:@topspin said in A fool and his not-really-money are soon parted:
@levicki said in A fool and his not-really-money are soon parted:
Your weird neighbour
I never get invited to those parties, it seems.
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TO THE MOON!
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@izzion said in A fool and his not-really-money are soon parted:
TO THE MOON!
INB4 "inflation is not an indicator of success or acceptance"
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Courtesy @ender
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@kazitor I don’t see a problem with reporting 5 significant figures if that’s actually the correct max for that time period. It’s volatile garbage, but for once that’s not the fault of the reporting.
I’m shitfaced drunk, so don’t hold me accountable for it if I got it wrong.
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@topspin One of the many problems with Bitcoin is that the value is not known to any sort of precision like that. For instance, each individual exchange typically has a spread of several hundred dollars, so pinning it down to a single dollar is completely nonsensical.
I'll concede that a maximum can be very precise. However, TFA also has the line "It was down 4.8% to $12,125 as of 8:02 a.m. in New York", which could not possibly be known given the current (and forevermore future) state of affairs.
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@kazitor said in A fool and his not-really-money are soon parted:
One of the many problems with Bitcoin is that the value is not known to any sort of precision like that.
That's not true, its value is precisely 0. (Un)fortunately there are exchanges that are willing to ignore this fact.
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@kazitor said in A fool and his not-really-money are soon parted:
@topspin One of the many problems with Bitcoin is that the value is not known to any sort of precision like that. For instance, each individual exchange typically has a spread of several hundred dollars, so pinning it down to a single dollar is completely nonsensical.
That's not really different than stocks. You go through someone who has a seat on the exchange and they agree to buy / sell with you at some price and they probably do a bunch of other transactions with other seat holders so they end up making money based on the difference between those transactions and yours.
I'll concede that a maximum can be very precise. However, TFA also has the line "It was down 4.8% to $12,125 as of 8:02 a.m. in New York", which could not possibly be known given the current (and forevermore future) state of affairs.
Of course, I haven't RTFA, but there must be records of actual transactions, and so we can presume there was one for that amount at that time, which is what gets reported.
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@boomzilla said in A fool and his not-really-money are soon parted:
there must be records of actual transactions
Isn't that what the block
headchain is all about? It just doesn't usually record the mapping from cryptographic identities to real-world identities. And takes a phenomenal amount of energy to do so…
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@dkf said in A fool and his not-really-money are soon parted:
@boomzilla said in A fool and his not-really-money are soon parted:
there must be records of actual transactions
Isn't that what the block
headchain is all about? It just doesn't usually record the mapping from cryptographic identities to real-world identities. And takes a phenomenal amount of energy to do so…That would record when the bitcoins changed owner but I doubt it would be recording other stuff like how many dollars or grams of heroin exchanged hands, would it?
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Damn you, sense of morality! There's people out there that will literally chuck their money at you if you can make a website.
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@Cursorkeys Bitcoin pyramid scheme? The old thing is new again.
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Poof! BitMarket.net disappeared from the face of internet. Aprox 120M PLN (35M USD) lost from over 60K users.
"Dear Users,
We regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps."
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From the department of broken clocks:
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@MrL said in A fool and his not-really-money are soon parted:
Poof! BitMarket.net disappeared from the face of internet. Aprox 120M PLN (35M USD) lost from over 60K users.
"Dear Users,
We regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps."Well, that's a few more words than 'penis'. Good show.
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I also wanted to know whether the buyback guarantee for his coins still stood - after all, I had paid £70 for one. But answers came there none.
< insert-fry-shocked-here >
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Status: Well... fuck.
April Fools jokes take off occasionally....
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Maintainers of the RubyGems package repository have yanked 18 malicious versions of 11 Ruby libraries that contained a backdoor mechanism and were caught inserting code that launched hidden cryptocurrency mining operations inside other people's Ruby projects.
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@boomzilla When Bitcoin tech first came out, I looked it over and thought "this entire thing looks like it'll never amount to more than one big scam."
Turns out I was wrong. It's actually turned out to be a fractal scam!
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@boomzilla So we finally have an answer for Discourse's poor performance!
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@mott555 Perhaps, but I'm inclined towards Hanlon's Razor (preferably with an old, dirty, dull blade, applied with profound carelessness to sensitive areas of the Discodevs). There is certainly an abundance of incompetence available as an explanation.
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@mott555 said in A fool and his not-really-money are soon parted:
@boomzilla So we finally have an answer for Discourse's poor performance!
@HardwareGeek said in A fool and his not-really-money are soon parted:
@mott555 Perhaps, but I'm inclined towards Hanlon's Razor (preferably with an old, dirty, dull blade, applied with profound carelessness to sensitive areas of the Discodevs). There is certainly an abundance of incompetence available as an explanation.
Why not both?
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