A fool and his not-really-money are soon parted
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@Gribnit 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:
@Gribnit 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:
As it looks to the future, FTX is negotiating with stakeholders about options for restarting its crypto exchange, and it may make a decision on that in the current quarter, Dietderich said.
This is my argument vs corporate free speech, btw - people, you can jail
It's about as coherent as any argument that you make.
Not sure where this soft-on-crime attitude comes from. Are you saying Nothing Can Be Done?
I gave up on trying to get you to communicate clearly quite a while ago. I just enjoy the ride now.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@TimeBandit said in A fool and his not-really-money are soon parted:
he wrotes.
Are you sniffing his mercury?
That was, in fact, the correct tense construction. Which I do appreciated.
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@boomzilla said in A fool and his not-really-money are soon parted:
@Gribnit 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:
@Gribnit 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:
As it looks to the future, FTX is negotiating with stakeholders about options for restarting its crypto exchange, and it may make a decision on that in the current quarter, Dietderich said.
This is my argument vs corporate free speech, btw - people, you can jail
It's about as coherent as any argument that you make.
Not sure where this soft-on-crime attitude comes from. Are you saying Nothing Can Be Done?
I gave up on trying to get you to communicate clearly quite a while ago.
#MeToo
I just
enjoy the ridemute him now.
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"NFTs will allow creators to get a cut of every second-hand sale of their art"
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@Atazhaia hilarious stuff.
Although NFTs are often talked up as being good for artists because they enable royalties to be paid even after the initial sale
Who even thought that's a good idea?!
Oh yeah, cryptobros, of course.quickly going viral and sparking a phenomenon of Twitter spaces where members spent hours making goblin noises into their microphones
Par for the course.
All holders will be airdropped identical replacement NFTs.
Some people were horrified by the fact that NFTs that they owned could be changed after the fact without their consent, a fact they were not previously aware of. One owner wrote, "So your telling me I spent $1,000s of dollars and have 10 goblintowns for them all to now be dudes shaking their weiners?"
So you're telling me someone who pays $1000 for a link doesn't know how to spell wiener?
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@Atazhaia said in A fool and his not-really-money are soon parted:
"NFTs will allow creators to get a cut of every second-hand sale of their art"
Goblintown is a collection of NFTs that launched in May 2022, quickly going viral and sparking a phenomenon of Twitter spaces where members spent hours making goblin noises into their microphones.
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@boomzilla said in A fool and his not-really-money are soon parted:
@Atazhaia said in A fool and his not-really-money are soon parted:
"NFTs will allow creators to get a cut of every second-hand sale of their art"
Goblintown is a collection of NFTs that launched in May 2022, quickly going viral and sparking a phenomenon of Twitter spaces where members spent hours making goblin noises into their microphones.
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@topspin said in A fool and his not-really-money are soon parted:
how to spell wiener
Weiner is when it's permanently flaccid.
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@Tsaukpaetra I would've thought temporarily, as a result of consuming too much wein.
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@GOG Not one that just has very prominent weins?
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Wonder what the owners of $28M "worth" of Trump Digital Trading Card NFTs will see in a few years time.
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@LaoC all the Iraqi dinar
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@LaoC said in A fool and his not-really-money are soon parted:
see in a few years time.
https://www.youtube.com/watch?v=c1KQFo9AA64
Not much, since NFTs are dead!
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@Tsaukpaetra
Someone will try again next year for sure
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Well I’m sure this will help stabilize the market.
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@izzion Well, that's a Feel Good thing....
... except how are they going to "separate" the electricity for crypto vs everything else?
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@dcon What if malware has installed a cryptominer in your system without your knowledge. Asking for
a friend@Tsaukpaetra.
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@dcon said in A fool and his not-really-money are soon parted:
@izzion Well, that's a Feel Good thing....
... except how are they going to "separate" the electricity for crypto vs everything else?
They could just cross-reference with how much crypto you sell.
Oh, you want to hide your shitcoin earnings from the taxman too? Have fun.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
a friend@Tsaukpaetra.
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This post is deleted!
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@izzion said in A fool and his not-really-money are soon parted:
Well I’m sure this will help stabilize the market.
If they'd just legalize weed on the federal level they'd have a whole bunch of people available who are well trained in spotting large, hidden consumers of electricity and could do something useful for a change while everybody reverts to using sunlight for growing their weed, the way God and the Founding Fathers intended!
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A key feature of Money 2.0: not there when you need it!
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@izzion From what I've vaguely heard, the core problem is that some shitcoins have started using Bitcoin's chain. So a year or two ago, there weren't many BTC transactions, and they were pretty cheap, but now with a bunch of shitcoins trying to ride BTC's coattails by using the BTC chain, there's gobs more transactions than there used to be, and so they a) cost more, and b) take longer to process.
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@izzion said in A fool and his not-really-money are soon parted:
A key feature of Money 2.0: not there when you need it!
Meh. Credit cards had it for decades. (Only happened to me twice, but still.)
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
@izzion From what I've vaguely heard, the core problem is that some shitcoins have started using Bitcoin's chain. So a year or two ago, there weren't many BTC transactions, and they were pretty cheap, but now with a bunch of shitcoins trying to ride BTC's coattails by using the BTC chain, there's gobs more transactions than there used to be, and so they a) cost more, and b) take longer to process.
That and some people have started doing BTC chain NFT-adjacent stuff too. But cheap shots at Money 2.0
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
So a year or two ago, there weren't many BTC transactions, and they were pretty cheap
And if they wanted BTC to replace money, exactly what did they expect was going to happen to the number of transactions?
Oh wait, I know that answer... they didn't think.
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@dcon said in A fool and his not-really-money are soon parted:
@PotatoEngineer said in A fool and his not-really-money are soon parted:
So a year or two ago, there weren't many BTC transactions, and they were pretty cheap
And if they wanted BTC to replace money, exactly what did they expect was going to happen to the number of transactions?
Oh wait, I know that answer... they didn't think.
I mean, you do have to remember that Bitcoin is a first draft. It was the very first cryptocurrency. They did some thinking, but they cared a whole lot more about "getting any adoption at all" than the end state, which is why it's deflationary -- so it rewards the early players very well, just to get people to sign up. I'm 90% certain that all of the end-game thoughts were vague justifications rather than "we're really certain this will scale from zero to global."
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@dcon said in A fool and his not-really-money are soon parted:
@PotatoEngineer said in A fool and his not-really-money are soon parted:
So a year or two ago, there weren't many BTC transactions, and they were pretty cheap
And if they wanted BTC to replace money, exactly what did they expect was going to happen to the number of transactions?
Something something Lightning something.
Because we're only in it for themoneytrusted third parties!
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@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
Cocktimus Prime I was surprised not to find anyone by that name listed on IAFD.
TBF, thisiswould have been basically a dumbed down Magic The Gathering.
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Everyone: NFTs are dead.
Ubisoft:
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@Atazhaia said in A fool and his not-really-money are soon parted:
Ubisoft
Am I the only one that read this as "You be soft"?
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@TimeBandit said in A fool and his not-really-money are soon parted:
@Atazhaia said in A fool and his not-really-money are soon parted:
Ubisoft
Am I the only one that read this as "You be soft"?
I swear that's the intended pronunciation...
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https://www.youtube.com/watch?v=wnVAU1LDrXg
...Duh? Isn't that kinda the point?
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@Tsaukpaetra said in A fool and his not-really-money are soon parted:
[Youtube: Use crypto, get tracked]
...Duh? Isn't that kinda the point?
Uhm, no? IIRC one of the very points of bitcoin was being anonymous and untraceable (though it ultimately wasn't).
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@Medinoc said in A fool and his not-really-money are soon parted:
@Tsaukpaetra said in A fool and his not-really-money are soon parted:
[Youtube: Use crypto, get tracked]
...Duh? Isn't that kinda the point?
Uhm, no? IIRC one of the very points of bitcoin was being anonymous and untraceable (though it ultimately wasn't).
How is “every single transaction is recorded for all eternity” anonymous and untraceable?
Just use cash.
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@Medinoc said in A fool and his not-really-money are soon parted:
@Tsaukpaetra said in A fool and his not-really-money are soon parted:
[Youtube: Use crypto, get tracked]
...Duh? Isn't that kinda the point?
Uhm, no? IIRC one of the very points of bitcoin was being anonymous and untraceable (though it ultimately wasn't).
That's what you get for believing the propoganda put out by the TLAs
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@topspin said in A fool and his not-really-money are soon parted:
Just use cash.
What are you, a caveman?
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@TimeBandit 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:
Just use cash.
What are you, a caveman?
A caveman with heater and chocolate. Basically yes.
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@topspin said in A fool and his not-really-money are soon parted:
@Medinoc said in A fool and his not-really-money are soon parted:
@Tsaukpaetra said in A fool and his not-really-money are soon parted:
[Youtube: Use crypto, get tracked]
...Duh? Isn't that kinda the point?
Uhm, no? IIRC one of the very points of bitcoin was being anonymous and untraceable (though it ultimately wasn't).
How is “every single transaction is recorded for all eternity” anonymous and untraceable?
Just use cash.
As long as all the transactions are crypto transactions...there could be nothing linking it to anything. So, "traced" but anonymous. In theory, though, I suspect that after enough transactions someone could start to match stuff up.
But of course, that's not at all how crypto has developed. It's too expensive to actually do lots of crypto transactions, and people put money in (as opposed to anonymously mining) and take money out via exchanges which interface with "normal" finance stuff.
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Status: Sleuthing around my dead cousin's (five years ago) laptop. Surprised it still powers on and holds a charge.
Anyways, I found a bitcoin wallet (possibly?) that seems to have 2.27136 mBTC associated with it (maybe?) worth about $60 (at this second).Sweet. Now how the fuck do I get that into real money without paying someone?
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@Tsaukpaetra Well, you're not going to exchange it at Magic the Gathering Online Exchange anymore. Their website is now home only to a long list of government notifications about court proceedings.
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@acrow said in A fool and his not-really-money are soon parted:
Magic the Gathering Online Exchange
:confused-ara.png:
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@Tsaukpaetra MTGox which does look like it was named after Wizards of the Coast money-printing licence, and was for a while the go-to BTC exchange.
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@Arantor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra MTGox which does look like it was named after Wizards of the Coast money-printing licence, and was for a while the go-to BTC exchange.
Because it was originally a site for exchanging WotC money printing cards.
In late 2006, programmer Jed McCaleb thought of building a website for users of the Magic: The Gathering Online tradable card game service, to let them trade "Magic: The Gathering Online" cards like stocks. In January 2007, he purchased the domain name mtgox.com, short for "Magic: The Gathering Online eXchange".
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@izzion oh shit really? I didn’t know that, I just buttumed it was a simple riff on the name.
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@Arantor I assume that the abbreviation MtGOX brings to mind Fort Knox for most people, and this contributed to their initial success. Accidental associative marketing. If people had realized the actual words behind the abbreviation, they would doubtlessly have reconsidered placing their money in this company.
A state of affairs that was at the same time an endless source of mirth and a horrifying spectacle to anyone familiar with the true state of affairs.