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:
It still cracks me up that these things are called securities .
FTFY
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@TimeBandit 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 still cracks me up that these things are called securities .
FTFY
A security is not literally such, of course, since there is no true security, no existential security, and by in large no real security in existence. The quotes are already therefore part of the term.
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@izzion said in A fool and his not-really-money are soon parted:
Eh, that's not too bad actually:
We are currently working out the details, but expect the distribution amount to be roughly 20% of the original mint price for each Vault NFT owned.
But some people still haven't learned their lesson:
As one message in the channel put it, “you can’t simply say goodbye but your NFTs are still ok and now more rare... without a community (discord at least) and no utility... it’s not an NFT anymore but a mere digital copy...”
LOL:
Additionally, as recently as last month, CNN was still pushing community members to buy more tokens so they could have enough to access events like an upcoming Art of Voting NFT Series scheduled to drop on midterm election day, November 8th. Collectors would need to own at least one NFT from a particular set to get a key to access the Art of Voting set and other unspecified “exclusive benefits.”
Your prize for being scammed is the opportunity to be in on the next scam!
On the other hand, Vault by CNN did manage to last about 16 times as long as the CNN Plus streaming effort that launched in March and died exactly one month later.
Some quality shitposting by the Verge. I approve.
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The popular U.S.-dollar pegged cryptocurrency said the move is part of tether’s “ongoing efforts to increase transparency” and back its tokens with “the most secure reserves in the market.”
Butbutbut... wasn't being independent of state-controlled currencies the point of cryptocurrencies?
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@Zerosquare said in A fool and his not-really-money are soon parted:
The popular U.S.-dollar pegged cryptocurrency said the move is part of tether’s “ongoing efforts to increase transparency” and back its tokens with “the most secure reserves in the market.”
Butbutbut... wasn't being independent of state-controlled currencies the point of cryptocurrencies?
I mean, kinda, it sure brought in the
Dunning-KrugerDonner-Keurig paranoids.
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@izzion said in A fool and his not-really-money are soon parted:
Isn't Tether the cryptocurrency that claimed to have gobs of dollarbucks, but they were a hot model in Canada and anyway, you wouldn't know her because she goes to another school? (Did they actually go legit?)
I understand that stablecoins are important for liquidity in the crypto community, but who in their right mind actually invests in them?
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@PotatoEngineer 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:
Isn't Tether the cryptocurrency that claimed to have gobs of dollarbucks, but they were a hot model in Canada and anyway, you wouldn't know her because she goes to another school? (Did they actually go legit?)
I understand that stablecoins are important for liquidity in the crypto community, but who in their right mind actually invests in them?
I think your fallacy is assuming people are investing in crypto and not just hoping they launch the next successful
Ponzi schemerug pull
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
hot model in Canada
E_PHYSICALLY_IMPOSSIBLE
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@Zerosquare said in A fool and his not-really-money are soon parted:
E_PHYSICALLY_IMPOSSIBLE
some Canadian women
Kate Bock
Jessica Lowndes
Kim Cloutier
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
hot model in Canada
@TimeBandit said in A fool and his not-really-money are soon parted:
some Canadian women
They may be Canadian, but they obviously were not in Canada when those pictures were taken, because they didn't die of hypothermia.
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@HardwareGeek 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:
hot model in Canada
@TimeBandit said in A fool and his not-really-money are soon parted:
some Canadian women
They may be Canadian, but they obviously were not in Canada when those pictures were taken, because they didn't die of hypothermia.
I hear some of the posher places in Canada (the ones with marble and
chandeliersflambeaux and shit in particular) do have heating.
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@topspin said in A fool and his not-really-money are soon parted:
Just means more dips for the Dips to buy.
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I can't wait for the new future where I get to stand at the self checkout waiting until my transaction confirms.
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@izzion said in A fool and his not-really-money are soon parted:
I can't wait for the new future where I get to stand at the self checkout waiting until my transaction confirms.
So the block rate went from its normal "unacceptable for any kind of real-world checkout" to "completely fucking ridiculous"
Oh wait, I have a good idea: what if we introduced some centralization and trusted third parties and called it "Lightning"?!
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@LaoC it's all about expectations.
Surely they expect to get scammed out of their coins by now.
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@boomzilla said in A fool and his not-really-money are soon parted:
Surely they expect to
getscammedothers out of their coinsby now.INB4:
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@LaoC 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:
@PotatoEngineer said in A fool and his not-really-money are soon parted:
hot model in Canada
@TimeBandit said in A fool and his not-really-money are soon parted:
some Canadian women
They may be Canadian, but they obviously were not in Canada when those pictures were taken, because they didn't die of hypothermia.
I hear some of the posher places in Canada (the ones with marble and
chandeliersflambeaux and shit in particular) do have heating.That's the sort of propaganda the Winters tend to spread. They're too albino to be visible except for the eyes. Vigilance eternal.
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@Gribnit said in A fool and his not-really-money are soon parted:
That's the sort of propaganda the Winters tend to spread.
Winters tend to spread snow.
And cold.
Trust me on this.
Signed:
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@boomzilla said in A fool and his not-really-money are soon parted:
Surely
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Non-Fungible Tolkiens
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I just had two calls from Sweden, the first I ignored but they called back! Turns out that’s a new thing, international scam artists looking to phish me for crypto investments I had…
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@Arantor said in A fool and his not-really-money are soon parted:
international scam artists looking to phish me for crypto investments I had…
They know you're an easy target since you already invested in crypto
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@TimeBandit well, that’s the thing that clued me in that it was a scam, they were telling me how much all the crypto I had was worth… but my investment of $0 is completely worthless.
Sadly I didn’t have the time to let them phish me for the wallets I don’t have otherwise I would have completely trolled them back.
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@Arantor said in A fool and his not-really-money are soon parted:
Sadly I didn’t have the time to let them phish me for the wallets I don’t have otherwise I would have completely trolled them back.
I always want to do that, but my mind always stalls at "oh just fuck off"
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@dcon said in A fool and his not-really-money are soon parted:
I always want to do that, but my mind always stalls at
"oh just fuck off"FTFY
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@TimeBandit said in A fool and his not-really-money are soon parted:
@dcon said in A fool and his not-really-money are soon parted:
I always want to do that, but my mind always stalls at
"oh just fuck off"FTFY
Good initiative.
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@dcon I’m happy to do it when I have the time. Usually the scammers call me when I’m busy thus wins.
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Matt Levine, the best finance writer ever, has written a Bloomberg Businessweek issue all about "Crypto" and its efforts to rediscover all of modern finance.
I don’t have strong feelings either way about the value of crypto. I like finance. I think it’s interesting. And if you like finance—if you like understanding the structures that people build to organize economic reality—crypto is amazing. It’s a laboratory for financial intuitions. In the past 14 years, crypto has built a whole financial system from scratch. Crypto constantly reinvented or rediscovered things that finance had been doing for centuries. Sometimes it found new and better ways to do things.
Often it found worse ways, heading down dead ends that traditional finance tried decades ago, with hilarious results.
Often it hit on more or less the same solutions that traditional finance figured out, but with new names and new explanations. You can look at some crypto thing and figure out which traditional finance thing it replicates. If you do that, you can learn something about the crypto financial system—you can, for instance, make an informed guess about how the crypto thing might go wrong—but you can also learn something about the traditional financial system: The crypto replication gives you a new insight into the financial original.
Also, I have to say, as someone who writes about finance, I have a soft spot for stories of fraud and market manipulation and smart people putting one over on slightly less smart people. Often those stories are interesting and illuminating and, especially, funny. Crypto has a very high density of stories like that.
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@pcooper quoted a guy who said in A fool and his not-really-money are soon parted:
"Sometimes it found new and better ways to do things."
I'd be interested to hear what the thinks these things are.
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@boomzilla said in A fool and his not-really-money are soon parted:
@pcooper quoted a guy who said in A fool and his not-really-money are soon parted:
"Sometimes it found new and better ways to do things."
I'd be interested to hear what the thinks these things are.
Something something decentralised. Also, all new ways to transfer money along the axis of gullibility.
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@Arantor said in A fool and his not-really-money are soon parted:
but my investment of $0 is completely worthless.
So it's worth the same as if you'd invested $1000.
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@loopback0 no, if I'd invested $1000 I might have less than $1000 now which would be negative worth. This way I have no negative worth to my investment.
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@Arantor said in A fool and his not-really-money are soon parted:
@loopback0 no, if I'd invested $1000 I
mightwould have less than $1000 now which would be negative worth.
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@loopback0 well, I might have more because I might have sold it when BTC was ridin' high and found someone else to profit from - but alas I did not.
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@Arantor get your fax machines out of my jokes please
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@TimeBandit said in A fool and his not-really-money are soon parted:
Covfefe really was ahead of the time.
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@izzion said in A fool and his not-really-money are soon parted:
blockchain-powered ridesharing apps
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@TimeBandit
Gotta put all that gas you save from carpooling to some use
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@izzion repeat after me: UBER is a taxi app, not a ride sharing app.
The drivers don’t make plans to go somewhere and then look for someone who wants to go in the same direction.
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@topspin said in A fool and his not-really-money are soon parted:
@izzion repeat after me: UBER is a taxi app, not a ride sharing app.
The drivers don’t make plans to go somewhere and then look for someone who wants to go in the same direction.
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@izzion said in A fool and his not-really-money are soon parted:
carpooling
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@TimeBandit 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:
carpooling
As EFT: