A fool and his not-really-money are soon parted
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@DogsB Not something I'd laugh at. People losing everything to the point of suicide is not funny if they don't deserve it, and no amount of "gullible" will make them deserve it.
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@Medinoc said in A fool and his not-really-money are soon parted:
@DogsB Not something I'd laugh at. People losing everything to the point of suicide is not funny if they don't deserve it, and no amount of "gullible" will make them deserve it.
If we say they're bigoted against fiat would that make you feel better?
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@topspin said in A fool and his not-really-money are soon parted:
@DogsB honest question: should I feel bad for having basically zero sympathy towards people supposedly losing
theirYOUR life savings and attemptingsuicideto kill YOU because they literally gambledtheirYOUR house on crypto shit?Things could be more dangerous than you would like to believe.
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@Medinoc said in A fool and his not-really-money are soon parted:
@DogsB Not something I'd laugh at. People losing everything to the point of suicide is not funny if they don't deserve it, and no amount of "gullible" will make them deserve it.
Show me one crypto bro whining now who wasn't a massive asshole when his speculation seemed to be working and I'll think about sparing some compassion. This Shippy dude is out already.
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How could this happen to me?
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While I have some sympathy for folks who didnât understand what they were getting into, and have been burned by it, I have the uneasy and unpleasant feeling some of the folks posting on Reddit how awful they feel are in fact cynical bastards capitalising on othersâ misfortune.
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@Atazhaia And yeah, he deserves to live alone and in poverty for the rest of his life. And I REALLY hope he never managed to do any making in his "baby maker".
Followed by:
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@Medinoc said in A fool and his not-really-money are soon parted:
@DogsB Not something I'd laugh at. People losing everything to the point of suicide is not funny if they don't deserve it, and no amount of "gullible" will make them deserve it.
If you can't stand losing the money, don't use it for speculating In a volatile market. Much the same way that you should not use liver for toys you can't afford. If you break this very simple rule, you only have yourself to blame. It's not like there hasn't been warnings that it would implode.
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@Carnage said in A fool and his not-really-money are soon parted:
you should not use liver for toys you can't afford
And definitely save the spleen for online?
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@Carnage said in A fool and his not-really-money are soon parted:
you should not use liver for toys
You should however use liver for dinner.
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@Atazhaia said in A fool and his not-really-money are soon parted:
@Carnage said in A fool and his not-really-money are soon parted:
you should not use liver for toys
You should however use liver for dinner.
Typing onhanded on the phone while walking the dog and carrying a parcel is not good for spellaring. Or noticing when the phone decides to derp a word here or there. Not that I'm very good at doing that otherwise either.
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@Arantor said in A fool and his not-really-money are soon parted:
While I have some sympathy for folks who didnât understand what they were getting into, and have been burned by it, I have the uneasy and unpleasant feeling some of the folks posting on Reddit how awful they feel are in fact cynical bastards capitalising on othersâ misfortune.
It's all very tragic but it's not like we haven't been predicting this to happen. The difference is that these guys are still raging extroverts and are spewing their struggle all over twitter instead of silently suffering like most people would.
I mostly hope that some people will learn from this.
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@Atazhaia said in A fool and his not-really-money are soon parted:
How could this happen to me?
Exactly, that's the one I found from his quote above.
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@LaoC greater fool theory wins again.
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@LaoC yeah the "quants" and their "technical analysis" of this stuff has always looked like modern astronomical epicycle theory to me.
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@boomzilla said in A fool and his not-really-money are soon parted:
@LaoC yeah the "quants" and their "technical analysis" of this stuff has always looked like
modern astronomical epicycle theoryreading tea leaves to me.
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@topspin There's a difference?
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@Atazhaia said in A fool and his not-really-money are soon parted:
@Carnage said in A fool and his not-really-money are soon parted:
you should not use liver for toys
You should however use liver for dinner.
The nope, you eat it thread is .
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A coworker threw $4k at terra yesterday afer it crashed, hoping for a bounce back. Yeah, we are all making fun of him today.
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@Atazhaia said in A fool and his not-really-money are soon parted:
"Wife asking when I'm gonna sell my crypto. That will hever happen!"
"Wife would kill me if she knew how much I just spent on $LUNA!"
"NEVER THOUGHT THIS WOULD HAPPEN!"Meanwhile, and seems appropriate.
Also:
What a surprise! Although with a top 10 coin crashing, hopefully this will have a big followup effect and bring some more with it.
A bit of a follow-up:
I guess they tried turning it off and then didn't bother turning it on again.
@Dragoon said in A fool and his not-really-money are soon parted:
A coworker threw $4k at terra yesterday afer it crashed, hoping for a bounce back. Yeah, we are all making fun of him today.
Well, it can't lose any further value if you can't trade it.
Might have been more of a story spending that money on drugs and hookers though.
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@JBert said in A fool and his not-really-money are soon parted:
Might have been more of a story spending that money on drugs and hookers though.
I told him next time he wants to throw $4k away he can just give it to me.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
You should however use liver for dinner.
The nope, you eat it thread is .
With some fava beans and a nice Amarone.
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@topspin said in A fool and his not-really-money are soon parted:
Article @Rhywden linked to in A fool and his not-really-money are soon parted:
By using the same token for both tokenIn and tokenOut, the hacker greatly inflated the price of the MONO token because the updating of the tokenOut overwrote the price update of the tokenIn.
Of course these morons have never heard of atomic transactions.
Atomicity is a feudalist holdover, maaaaan.
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I don't think any of our members are that sadistic.
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@topspin 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:
"@LaoC yeah the "quants" and their "technical analysis" of this stuff has always looked likemodern astronomical epicycle theoryreading tea leaves to me."No, because the introduction of math fools people into thinking there's some kind of science involved as opposed to making up whatever you want, which is what both methods do.
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@boomzilla said in A fool and his not-really-money are soon parted:
some kind of science involved
Indistinguishable from magic of tea leaves, if sufficiently advanced.
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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:
@boomzilla said in A fool and his not-really-money are soon parted:
"@LaoC yeah the "quants" and their "technical analysis" of this stuff has always looked likemodern astronomical epicycle theoryreading tea leaves to me."No, because the introduction of math fools people into thinking there's some kind of science involved as opposed to making up whatever you want, which is what both methods do.
Needs more machine learning.
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@topspin said in A fool and his not-really-money are soon parted:
For a half-second, I thought it was a real billboard by some crazy franchisee, but I realized it's a photoshop for two reasons:
- Advertising is kinda slow to get up, unless you've prepared for it, so you're not exactly going to be able to respond to current events.
- McDonalds corporate handles the advertising, not the franchisees, and it wouldn't include a Greengrocer's Apostrophe.
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
unless you've prepared for it
I don't see a reason why they couldn't have. In fact I prefer to imagine that they rolled down the tarp just as the news hit
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@PotatoEngineer I was honestly wondering if the apostrophe is correct or not, but Iâve never heard that term.
Obviously itâs not a possessive form with an apostrophe and plurals donât have one, but the plural would be âbrothersâ and so I wasnât sure if the apostrophe could just indicate the abbreviation.
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@topspin said in A fool and his not-really-money are soon parted:
I wasnât sure if the apostrophe could just indicate the abbreviation.
At one time, maybe, but AFAICT, it's been around so long that it's now universally (almost?) accepted as a slang word in its own right, rather than as a contraction. Therefore, never written with an apostrophe (except as a singular possessive).
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@topspin said in A fool and his not-really-money are soon parted:
@PotatoEngineer I was honestly wondering if the apostrophe is correct or not, but Iâve never heard that term.
Obviously itâs not a possessive form with an apostrophe and plurals donât have one, but the plural would be âbrothersâ and so I wasnât sure if the apostrophe could just indicate the abbreviation.I like the German term for it slightly more. Instead of "Greengrocer's Apostrophe" we have the Moron's Apostrophe.
Though we have different rules (i.e. the apostrophe only really gets used if the word ends in an "s"). To wit:
"Andreas Kiosk" belongs to Andrea
"Andreas' Kiosk" belongs to Andreas
"Andrea's Kiosk" belongs to a moron.
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@JBert said in A fool and his not-really-money are soon parted:
I guess they tried turning it off
....
How does one "turn off" the blockchain? Did I miss something?
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@Tsaukpaetra The miners validating transactions are paid for their effort in the coin they're validating. If the coin is suddenly worth shit and the project founders asks to stop burning electricity then I'm sure that most if not all miners will comply.
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@JBert said in A fool and his not-really-money are soon parted:
@Tsaukpaetra The miners validating transactions are paid for their effort in the coin they're validating. If the coin is suddenly worth shit and the project founders asks to stop burning electricity then I'm sure that most if not all miners will comply.
So validation thingies auto-balance into super-cheapness, right?
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@HardwareGeek said in A fool and his not-really-money are soon parted:
it's been around so long that it's now universally (almost?) accepted
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@Applied-Mediocrity 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:
some kind of science involved
Indistinguishable from magic of tea leaves, if sufficiently advanced.
The famous ICT leaves.
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@Rhywden said in A fool and his not-really-money are soon parted:
"Andreas Kiosk" belongs to Andrea
"Andreas' Kiosk" belongs to Andreas
"Andrea's Kiosk" belongs to a moron.Does Andreas Kreuz belong to Andrea or German Moron Railways though?
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@LaoC It's one word ("Andreaskreuz") and for that particular way of naming things, the possessive form of the name is not used.
Similar to English, by the way ("Trump Tower").
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@Rhywden said in A fool and his not-really-money are soon parted:
@LaoC It's one word ("Andreaskreuz") and for that particular way of naming things, the possessive form of the name is not used.
Similar to English, by the way ("Trump Tower").
That's what you and I know, but the adherents of the Moron's Blank think different!
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@Tsaukpaetra you just do it.
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@Rhywden said in A fool and his not-really-money are soon parted:
the possessive form of the name is not used.
Similar to English, by the way ("Trump Tower").Not a similarity. When we steal that form from German even the Gallic portion of the language finds it a mite pretentious.
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@Zerosquare I would climb Cthulhu's gullet until my strength failed me, to see you all suffer longer.
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@LaoC said in A fool and his not-really-money are soon parted:
The one idiotic-but-true thing I can say about Bitcoin: every time it's crashed, it reached a new high later. As stupid as it is, it's market stupidity, and it can remain insane longer than I can remain solvent.
The rest of the shitcoins, of course, get no such protection. Many of them just disappear. The bigger ones seem to mimic Bitcoin, unless they're Luna.