A fool and his not-really-money are soon parted
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@LaoC said in A fool and his not-really-money are soon parted:
Only tenderloin and bitcoin comes from Texas
sad brisket noises
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@boomzilla you wouldn’t cook a shitcoin.
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@LaoC also from this thread’s favorite site:
I still don’t know who Mr Beast is, and at this point
I’m too afraid to askI don’t care.
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@topspin my kids tell me he's some kind of "TV star" on the intertubes.
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@boomzilla said in A fool and his not-really-money are soon parted:
@topspin my kids tell me he's some kind of "TV star" on the intertubes.
He rakes astonishing amounts of money from content that I find utterly uninteresting, cringe or boring. Thus it's probably targeted at children.
Also, his cohost came out as trans lately, leaving his wife and child.
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@MrL he also has merchandising lines into all sors of industries, which is mildly concerning for various other reasons.
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@Arantor said in A fool and his not-really-money are soon parted:
he also has merchandising lines into all sors of industries
Is that best corrected to "sorts" or "sores"?
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@dkf said in A fool and his not-really-money are soon parted:
@Arantor said in A fool and his not-really-money are soon parted:
he also has merchandising lines into all sors of industries
Is that best corrected to "sorts" or "sores"?
Yes.
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The South Park bank meme is eating good today
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Article @izzion linked in A fool and his not-really-money are soon parted said:
large amounts of digital assets that were used to support the platform's operations.
Like, what? Pictures?
It's on the blockchain, isn't the whole point of that being that it's indelible and can't just get "stolen"?
I think people need to stop using the word "hacked" in this manner...
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@TimeBandit Actually honest.
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@DogsB the other 5% will be worthless from tomorrow
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@homoBalkanus said in A fool and his not-really-money are soon parted:
@DogsB the other 5%
will be worthless from tomorrowwere already worthless from the startFTFY
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@DogsB said:
NFTs Are Now Worthless
(with apologies to the forumgoer who first posted this, and
whom I'm currently ripping offwhom I right-clicked)
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@Medinoc well, nobody minted an NFT of that emoji sequence, so you’re free to use it.
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@topspin said in A fool and his not-really-money are soon parted:
@Medinoc well, nobody minted an NFT of that emoji sequence, so you’re free to use it.
Then again, how would you even know?
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@LaoC 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:
@Medinoc well, nobody minted an NFT of that emoji sequence, so you’re free to use it.
Then again, how would you even know?
Filed under: how to prove the nonexistence of something...
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@LaoC what are the odds that some enterprising chancer somewhere scripted minting NFTs out of sequences of emoji? (specifically the pictoral implementation from, say, Apple devices)
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@LaoC said in A fool and his not-really-money are soon parted:
Then again, how would you even know?
And more importantly: why would you care?
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@izzion said in A fool and his not-really-money are soon parted:
name of crypto exchange appears to be a amount fraud
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@HardwareGeek more examples can be readily found on https://web3isgoinggreat.com/ if you would like to discover the accuracy of this assertion.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@izzion said in A fool and his not-really-money are soon parted:
name of crypto exchange (now() <= article_date + 1w ? "appears to be" : "is")
a amount fraud-m "added automation to template"
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FTX also had some creative automation added to their template. This is supposedly code from their site, shown by SBF's prosecution, that calculated their "Insurance Fund" using NumPy's RNG.
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@LaoC at least you know they're real professionals because they use
Decimal
to handlemoneynot-money.
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@topspin said in A fool and his not-really-money are soon parted:
@LaoC at least you know they're real professionals because they use
Decimal
to handlemoneynot-money.Although
numpy.random
is documented as "not designed for crypto"
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More code shenanigans (but also the insurance thing) here:
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@boomzilla said in A fool and his not-really-money are soon parted:
More code shenanigans (but also the insurance thing) here:
Ah, here's Molly 'gimp mask' 0xFFF again.
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It's censorship proof, they said. All blockchain, no guvment, they said. Now look at us!
https://www.timesofisrael.com/liveblog_entry/israel-shuts-down-hamas-cryptocurrency-accounts/
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@LaoC said in A fool and his not-really-money are soon parted:
It's censorship proof, they said. All blockchain, no guvment, they said. Now look at us!
https://www.timesofisrael.com/liveblog_entry/israel-shuts-down-hamas-cryptocurrency-accounts/
If you run your own wallet, sure. If you let your wallet be governed by a commercial third-party, well, that sounds an awful lot like a traditional bank. And they aren't going to break any laws on your behalf now are they?
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@PleegWat said in A fool and his not-really-money are soon parted:
@LaoC said in A fool and his not-really-money are soon parted:
It's censorship proof, they said. All blockchain, no guvment, they said. Now look at us!
https://www.timesofisrael.com/liveblog_entry/israel-shuts-down-hamas-cryptocurrency-accounts/
If you run your own wallet, sure. If you let your wallet be governed by a commercial third-party, well, that sounds an awful lot like a traditional bank.
Butbutbut the conveeeenience!
And they aren't going to break any laws on your behalf now are they?
That's not exactly how I would put it … (OK, arguably they're just doing it on their own behalf)
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Tip of the day:
if you’re going to write code to do fraud, make it messy and unreadable to reduce the chances it’s later put in front of a jury as evidence.
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@Luhmann Assembler and spaghetti code it is!
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Then...:
: Your Honor, as you can see for yourself, the source code from Exhibit K is completely unreadable. That should be considered compelling evidence that the defendant was trying to cover up fraud.
: Objection! The// TODO: refactor this later
comment clearly proves the defendant had no malicious intent!
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stablecoin not so stable
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@loopback0 said in A fool and his not-really-money are soon parted:
stablecoin not so stable
And yet still no one in the bitcon space was willing to admit to themselves that they were merely reinventing the ponzi scheme.
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@loopback0 wait, so you can’t have something that’s worth exactly $1 and still make 16% profits?
You know what’s pegged to the US dollar?
The US dollar.
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@topspin well, capitalist harder, dammit. Make that $1 be worth 16% more relative to the rest of the world!
inb4 that’s not how capitalism works
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@izzion said in A fool and his not-really-money are soon parted:
promising customers 16.39% yields.
The fuck is that supposed to mean? A dollar is yesterday's dollar is last century's dollar, unless they don't actually mean it when they say the value is locked to the other value....
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@loopback0 said in A fool and his not-really-money are soon parted:
stablecoin not so stable
"pegging" would seem to be a conservative quantity. As stablecoin de-pegs, some people are getting pegged.
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@boomzilla said in A fool and his not-really-money are soon parted:
SBF has to pay his lawyers somehow
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What a surprise...
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A critical point of intervention to halt such campaigns lies in understanding why WordPress sites are so vulnerable and frequently compromised
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@Zerosquare said in A fool and his not-really-money are soon parted:
A critical point of intervention to halt such campaigns lies in understanding why WordPress sites are so vulnerable and frequently compromised
Given that WordPress defaults to auto updating itself and all plugins it can (and you have to go out of your way to have it not do that if you care about testing), I am a little surprised.
I also continue to wonder how crappy the hosting is; I haven't seen a compromised WP in a while.
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@Arantor said in A fool and his not-really-money are soon parted:
@Zerosquare said in A fool and his not-really-money are soon parted:
A critical point of intervention to halt such campaigns lies in understanding why WordPress sites are so vulnerable and frequently compromised
Given that WordPress defaults to auto updating itself and all plugins it can (and you have to go out of your way to have it not do that if you care about testing), I am a little surprised.
It's a double-edged sword. It means published vulnerabilities will be fixed fairly quickly, but it also needs the entire installation to be writable by the web server so any carelessness with paths is usually catastrophic.