A fool and his not-really-money are soon parted
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@Arantor said in A fool and his not-really-money are soon parted:
@dkf I'm sure the government has an alternative definition of 'self custody' relating to 'the self being in custody' which will end poorly for that email writer.
Perhaps Her Majesty's benevolent bootjacks would undertake things this way, but here in the Territoire Libre we do things differently, redcoat.
But yeah probly.
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@Gribnit firstly this is in Canada which isn’t your mother’s Territoire Libre. Though more likely there will just be apologies and eh all around.
Secondly especially in Territoire Libre (assuming you mean the land of Stars and Stripes and apple pie etc) they don’t take kindly to people talking back, but i suppose they’d just shoot them. Quicker, cheaper but not as profitable.
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An interesting test for crypto?
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It’s not possible!
So that would be about 12 fraudulent transactions, then.
“I think that people haven't figured out why you actually need a distributed ledger," Newell said.
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@kazitor yeah, that kind of thing happens when you have a solution looking for a problem.
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Sorry everyone, we have to boycott Ukraine now
Good thing everyone’s already talking about sanctions at the moment
Filed under: The real use for cryptocurrency – buying weapons!
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@kazitor Well, at least they're telling you upfront that they'll just take the money and use it, so it's not a scam.
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@boomzilla developers developers developers developers!
Wait, wrong stage monkey.
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@boomzilla
Bernie Madoff is so pissed off that any schmuck with a computer can top him effortlessly these days.
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Bernard Lawrence Madoff (/ˈmeɪdɔːf/ MAY-dawf;[1] April 29, 1938 – April 14, 2021) was an American fraudster and financier who ran the largest Ponzi scheme in history, worth about $64.8 billion.[2][3]
That's not going to be easy to beat, even with current inflation, if only because of the duration of it all.
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Help us, government oppressors! Our anarchist utopia isn’t regulated enough!
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@kazitor said in A fool and his not-really-money are soon parted:
Help us, government oppressors! Our anarchist utopia isn’t regulated enough!
Oh, the money shot is buried at the end of the article:
Interestingly, the name Robert Armijo also appears as a defendant in SEC charges from June 2021, where the individual is alleged to have unlawfully sold securities managed by an organization also alleged by the SEC to be a Ponzi scheme. It's not immediately clear if this is the same person, or someone who shares a name.
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@kazitor said in A fool and his not-really-money are soon parted:
one Bored Ape and two Mutant Apes—which he bought for a total of around $300,000
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All is fair in scam and war
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Not sure if posted before:
Put bluntly, the Ethereum “world computer” has roughly 1/5,000 of the compute power of a Raspberry Pi 4!
So a mere second of Ethereum’s virtual machine costs 25 times more than a month of my far more capable EC2 instance.
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@topspin kind of not the point, and also the point. The applications where hard verifiability would be wanted, aren't what this tiny-machine-with-all-the-microscopes-up-its-ass is getting used for.
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@topspin said in A fool and his not-really-money are soon parted:
Not sure if posted before:
Put bluntly, the Ethereum “world computer” has roughly 1/5,000 of the compute power of a Raspberry Pi 4!
So a mere second of Ethereum’s virtual machine costs 25 times more than a month of my far more capable EC2 instance.
The benefits of pushing your computations to an assumed-hostile network and paying for the privilege are, of course, immeasurable – I can’t get any figure other than zero.
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@kazitor said in A fool and his not-really-money are soon parted:
I can’t get any figure other than zero.
Strange. I get a large, negative number.
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@Zerosquare are the numbers you get also irrational?
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@Atazhaia said in A fool and his not-really-money are soon parted:
"Lonely Ape Dating Club" seems strangely appropriate.
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@Atazhaia That could be some lucrative playground: lots of gullible people there.
wagging his tail.
Is there any proof needed that you own the shit?
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@BernieTheBernie To save you from having to sully yourself by RTFA, you have to link your cryptocurrency wallet. But if you're poor, you can sign up as a "Coin Digger"
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@izzion with all the crypto secrecy, may I just succeed with linking someone else's wallet?
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https://www.reddit.com/r/sigurros/comments/t9qqws/tell_us_youre_starting_nfts_without_saying_youre/
Well, looks like it's more about signing up for some kind of digital wallet:
https://heimr.sigurros.com/faq
Somebody else on Reddit figured out that the website doesn't truly check that you still own the NFT, so I guess it's only used once to confirm that you earned the artist some money by shilling this thing?
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@GOG are we getting YES to write a sequel to 'Owners of a Lonely Heart' fit for the current generation?
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@Arantor NO
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@boomzilla quoted Wikipedia in A fool and his not-really-money are soon parted:
the largest Ponzi scheme in history, worth about $64.8 billion.
It looks like he ...
Madoff with a lot of people's money.
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@djls45 You are a terrible person, and you should be ashamed.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@djls45 You are a terrible person, and you should be ashamed.
Are you Berning with rage?
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@djls45 said in A fool and his not-really-money are soon parted:
This emojicon looks like it's wearing a bikini top
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@djls45 you forgot the “YEEEEAAAAAAAAAAAH!” scream that happens before the guitar riff kicks in.
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@loopback0 said in A fool and his not-really-money are soon parted:
@djls45 said in A fool and his not-really-money are soon parted:
....This emojicon looks like it's wearing a bikini top
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The FCA publishes a list of companies that appear to be involved in crypto-currency but have not registered their business with the regulator for anti-money-laundering checks.
It said that since the publication of its list, 110 of the crypto companies had ceased trading.
Why would they choose to go out of business rather than register legally? Hmm...
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@HardwareGeek said in A fool and his not-really-money are soon parted:
The FCA publishes a list of companies that appear to be involved in crypto-currency but have not registered their business with the regulator for anti-money-laundering checks.
It said that since the publication of its list, 110 of the crypto companies had ceased trading.
Why would they choose to go out of business rather than register legally? Hmm...
Total mystery
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@HardwareGeek said in A fool and his not-really-money are soon parted:
out of business
Incidentally the "crypto-ATM" directory website mentioned in TFA lists one about 20mins from here, but the company that's listed as running it went out of business in 2018 and 2 years before becoming a defunct Bitcoin ATM company was actually a transport company for 6 months.
I'm sure that's all legit.
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@loopback0 said in A fool and his not-really-money are soon parted:
@HardwareGeek said in A fool and his not-really-money are soon parted:
The FCA publishes a list of companies that appear to be involved in crypto-currency but have not registered their business with the regulator for anti-money-laundering checks.
It said that since the publication of its list, 110 of the crypto companies had ceased trading.
Why would they choose to go out of business rather than register legally? Hmm...
Total mystery
The realpolitik answer is "because all the customers will immediately move to another platform once everyone finds out that you're obeying Know Your Customer laws, because there are plenty of platforms that don't."
And the answer of why the customers will move... clearly, the only reason is the libertarian "no government interference" reason, right!?
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
And the answer of why the customers will move... clearly, the only reason is the libertarian "no government interference" reason, right!?
Yeah, there's no other reason a customer would want to avoid anti-money-laundering checks.
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@PotatoEngineer 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:
@HardwareGeek said in A fool and his not-really-money are soon parted:
The FCA publishes a list of companies that appear to be involved in crypto-currency but have not registered their business with the regulator for anti-money-laundering checks.
It said that since the publication of its list, 110 of the crypto companies had ceased trading.
Why would they choose to go out of business rather than register legally? Hmm...
Total mystery
The realpolitik answer is "because all the customers will immediately move to another platform once everyone finds out that you're obeying Know Your Customer laws, because there are plenty of platforms that don't."
And the answer of why the customers will move... clearly, the only reason is the libertarian "no government interference" reason, right!?
I just talked to a self-proclaimed leftist who seriously stated that this libertarian idea of trusting no one is a clever idea.
The notion of society needing at least a basic level of trust in its institutions for society to work (and survive) went straight over his head. Yeah, "leftist"
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I hope you countered him with "why should I trust you?".
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@Zerosquare said in A fool and his not-really-money are soon parted:
I hope you countered him with "why should I trust you?".
I’m sure he’s also one of these people who believe the moon exists.
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@topspin the moon I have seen with my own eyes. The fantasy ramblings of some of these people are exceptional claims whic require exceptional proofs to support, more than can be merely “seen”.
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@Arantor said in A fool and his not-really-money are soon parted:
@topspin the moon I have seen with my own eyes.
Really? Are you sure it's not a skybox?
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@Zerosquare I have also seen all the other evidence to support it and believe beyond a level of reasonable doubt that it is real. But if evidence comes to light suggesting it is fake, I will look at it objectively and rationally, like anyone should.
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@Arantor said in A fool and his not-really-money are soon parted:
believe beyond a level of reasonable doubt that it is real
Sheep.