A fool and his not-really-money are soon parted
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@Rhywden 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:
@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"
I've actually listened to this, just out of morbid curiosity. I was lucky to get away without bleeding from my ears. Holy mother of fuck, Levicki has a better grasp of Marx than this guy.
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@dkf said in A fool and his not-really-money are soon parted:
@Dragoon said in A fool and his not-really-money are soon parted:
Yeah, but what are you usefully going to put out there?
Electrical power. That's well fungible and has clear value.
Fungibility is so 2010s
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@LaoC value, too cringe, not addressed
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@LaoC said in A fool and his not-really-money are soon parted:
@dkf said in A fool and his not-really-money are soon parted:
@Dragoon said in A fool and his not-really-money are soon parted:
Yeah, but what are you usefully going to put out there?
Electrical power. That's well fungible and has clear value.
Fungibility is so 2010s
Exactly. In the 2020ies, Nonfungibility is the new thing! :nft:
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LOLGF
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Hardly the silliest crypto scheme I've seen.
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@PleegWat This is an April's Fools, right? Poe's law strikes again.
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@Medinoc Yes, that's an april fools. But we don't have an april fools joke collection thread and it fit here.
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@Medinoc said in A fool and his not-really-money are soon parted:
@PleegWat This is an April's Fools, right? Poe's law strikes again.
And yet, it's just the sort of thing I can imagine a Factorio modder implementing.
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Some say that Factorio offers so much value for money, that they paid more for the electricity bill than they paid for the game, so we are happy to take it to the next level.
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In order to guarantee uniqueness we will use AI and Machine Deep Learning to analyze any new blueprint before it is minted, this way you won't be able to just move one power pole and mint a copy. Once again, making blueprints truly unique.
To ensure the Blockchain is not flooded with useless blueprints, we will also create a cryptocurrency called Factorio Blueprint Token ⚙️. You will need to pay 1,000 of them to mint 1 new unique blueprint. Factorio Blueprint Tokens ⚙️ are earned from Space Science using a variable conversion rate we will control. Since you can now earn crypto by just playing the game, the game basically pays for itself.
Factorio Blueprint Tokens ⚙️ come with all the advantages of a proof-of-work cryptocurrency, and all the fun of playing Factorio and optimizing factories for maximum UPS. Some say that Factorio offers so much value for money, that they paid more for the electricity bill than they paid for the game, so we are happy to take it to the next level.
...
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“Under the new requirements agreed by MEPs, all transfers of crypto-assets will have to include information on the source of the asset and its beneficiary, information that is to be made available to the competent authorities,” reads the Parliament’s announcement.
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there aren't any proper screenshots for this mod, but let's just pretend it's so screenshots can't be stolen or something
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Tangentially related... Guess who's about to pump and dump?
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@DogsB wait, does that mean to go short or long on it? Or is trying to predict St. Elon's market manipulation a losing game?
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@topspin said in A fool and his not-really-money are soon parted:
@DogsB wait, does that mean to go short or long on it? Or is trying to predict St. Elon's market manipulation a losing game?
He's been making noise about creating a Twitter competitor. Maybe he decided that just taking it over and reforming it was a better way to go. Whatever he does, should be fun to watch.
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@boomzilla 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:
@DogsB wait, does that mean to go short or long on it? Or is trying to predict St. Elon's market manipulation a losing game?
He's been making noise about creating a Twitter competitor. Maybe he decided that just taking it over and reforming it was a better way to go. Whatever he does, should be fun to watch.
According to the article he bought shares where he can't do that but 20 million in fines is shits and giggles money to him.
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@boomzilla 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:
@DogsB wait, does that mean to go short or long on it? Or is trying to predict St. Elon's market manipulation a losing game?
He's been making noise about creating a Twitter competitor. Maybe he decided that just taking it over and reforming it was a better way to go. Whatever he does, should be fun to watch.
Reforming Twitter?
Are you sure he has enough clout with that 9% stake to drive Twitter into the ground?
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He won't do anything worth a damn. It's just another publicity stunt.
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@MrL said in A fool and his not-really-money are soon parted:
He won't do anything worth a damn. It's just another publicity stunt.
Just another damn publicity stunt.
Another trebly-damned publicity stunt.
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@MrL said in A fool and his not-really-money are soon parted:
He won't do anything worth a damn. It's just another publicity stunt.
Maybe he'd go one better on previous stunts and fire Twitter into the sun?
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@dkf said in A fool and his not-really-money are soon parted:
@MrL said in A fool and his not-really-money are soon parted:
He won't do anything worth a damn. It's just another publicity stunt.
Maybe he'd go one better on previous stunts and fire Twitter into the sun?
We'd need to check that the enormous density won't cause any changes in the sun's state before any such action.
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@loopback0 quoted in A fool and his not-really-money are soon parted:
has asked @RoyalMintUK to create an NFT
Mint an NFT. Doesn't matter of what, just do it. Could be of HM's royal farts for all we care.
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@topspin said in A fool and his not-really-money are soon parted:
@loopback0 quoted in A fool and his not-really-money are soon parted:
has asked @RoyalMintUK to create an NFT
Mint an NFT. Doesn't matter of what, just do it. Could be of HM's royal farts for all we care.
The trillion pound platinum coin! Inflation is solved!
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Because OpenSea doesn't support swapping NFTs directly, only buying and selling them for ETH, the traders used a less-known platform called KiwiSwap to do the trade. Like many platforms, KiwiSwap aims to help users spot faked NFTs by showing a "verified" badge—however, because the platform shows the badge overlaid on the NFT image, a scammer was able to create imitation Bored Apes that included the same checkmark as a part of the image, making them appear legitimate. KiwiSwap also does not include functionality that would allow a user to click through to verify the NFT is the one it claims to be.
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@TwelveBaud bit late to the party but as a general, if you want to make fancy pants MtG cards, I suggest https://magicseteditor.boards.net/
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@loopback0 said in A fool and his not-really-money are soon parted:
a scammer was able to create imitation Bored Apes that included the same checkmark as a part of the image
"...and later they sold those as NFTs"
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I don't know if it has already been covered in this thread, but check this out:
That's right, you can now invest in crypto inside of your Roth IRA!
Yeah yeah, Nope! thread is
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@Polygeekery I'm not sure, but isn't the IRA retiring a good idea?
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@Rhywden wrong IRA.
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@Polygeekery said in A fool and his not-really-money are soon parted:
@Rhywden wrong IRA.
Do IRA members in the US have IRAs?
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I wonder how much the Gandalf token will sell for
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@izzion said in A fool and his not-really-money are soon parted:
It's pretty ironic when you consider that Star Trek takes places in a society that has abolished money.
EDIT: yup, the article makes the same point:
as my colleagues, Chaim Gartenberg and Adi Robertson pointed out, each time it happens it feels like a bit of a slap in the face to everything that Star Trek is actually about. (I’m sure it’s just a coincidence that every video essayist describing post-scarcity “luxury automated space communism” uses Star Trek imagery to describe it.)
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@PotatoEngineer 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:
@topspin said in A fool and his not-really-money are soon parted:
@DogsB wait, does that mean to go short or long on it? Or is trying to predict St. Elon's market manipulation a losing game?
He's been making noise about creating a Twitter competitor. Maybe he decided that just taking it over and reforming it was a better way to go. Whatever he does, should be fun to watch.
Reforming Twitter?
Are you sure he has enough clout with that 9% stake to drive Twitter into the ground?
It's already in the ground. Maybe he's trying to pull it up. You know, like a weed.
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@djls45 said in A fool and his not-really-money are soon parted:
weed
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@DogsB said in A fool and his not-really-money are soon parted:
Tangentially related... Guess who's about to pump and dump?
After having already been charged with securities fraud, I'm amazed he keeps getting away with this.
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@topspin said in A fool and his not-really-money are soon parted:
I'm amazed he keeps getting away with this.
Just ole Elon boy
Never meaning no harm
Making waves
The only way he knows how
That's just a little bit more than Elon is allowedGetting on nerves
Shitposting tweets
One day the Mars rocket might get 'im, but The Law never will
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@topspin said in A fool and his not-really-money are soon parted:
@DogsB said in A fool and his not-really-money are soon parted:
Tangentially related... Guess who's about to pump and dump?
After having already been charged with securities fraud, I'm amazed he keeps getting away with this.
Someone should tell him about swapping the I for an a instead. Much more accurate. It would also troll the everloving shit out of the fart sniffers that permeate the platform.
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I just saw somebody post this:
Hi! I wanted to introduce you to this art project I started recently:
Unborn Kids is a NFT series of digital art creations based on ecographies of unborn kids who died before their birth by different conditions. I wanted to give these kids the opportunity to live eternally in the blockchain thanks to your help. Forever in the net.- Every kid has 7 different versions with hidden unlockable content.
- Each version includes part of the background story of each kid, and collecting the whole series will give you a good background on who was that kid, and who never reached to be.
This is a very personal experience that started some years ago after a friend's child died before being birth and started collecting the ecographies from friends from all around the world who had similar experiences. Now, they can be yours forever, and thanks to that, they will never be forgotten.
Thanks to support this art project that started 14 years ago.
·Collection in openSea: https://opensea.io/collection/unbornkids-a-collection-of-deathYes, you were surely thinking of the unborn children, and not of the money this could theoretically make...
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@JBert said in A fool and his not-really-money are soon parted:
Yes, you were surely thinking of the unborn children, and not of the money this could theoretically make...
"There's a sucker unborn every minute."
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@djls45 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:
Yes, you were surely thinking of the unborn children, and not of the money this could theoretically make...
"There's a sucker unborn every minute."
please can they stop the noise I'm trying to get some rest
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Not so much “helping” – that would imply an unwarranted degree of utility available from Ethereum – but openly admitting the intent.
“The most important feature of blockchains is that they are open. And the DPRK can't be kept out no matter what the USA or the UN says.”
Also seems the actual trip was as long ago as 2019 and he pleaded guilty last September. So the case proceeded only marginally slower than a cryptocurrency transaction. Experimental error, really.
He had applied for permission to travel to North Korea - but when this was refused, he went anyway, reaching the country via China.
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LOL
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@loopback0 Aw, did that pyramid have a cave-in? Shame.