A fool and his not-really-money are soon parted
-
@izzion said in A fool and his not-really-money are soon parted:
crypto firm
Nomadrandom.choice(coins) has been hit by a $190random.randint(10, 1000) million theft, blockchain researchers said onTuesdaycalendar.day_name[datetime.date.today().weekday()], the latest such heist to hit the digital asset sector this year.FTFF
-
@topspin said in A fool and his not-really-money are soon parted:
@Rhywden “hacks” are just rugpulls for those who want plausible deniability.
Well, in this case the "hack" consisted of someone figuring out the vulnerability and everyone else being able to exploit by using the power of Ctrl-C/Ctrl-V.
Which would have made it the stupidest rugpull in the history of rugpulls.
-
-
Exciting innovation in the field of publishing leading to synergies from novel business models and increased efficiency in the delivery of education!!!!11
-
The four founders were last known to be living in Russia, the Republic of Georgia and Indonesia, the SEC said.
Oh. Well, good luck with that.
-
/. summary since Bloomberg defangs the dumbox...
-
@izzion Well gol-ly, a global scale fraud with global-size numbers to match. By gum it's been awhile. This is why I don't condone gambling or usury.
-
-
-
@izzion I was wondering how much wash trading you need to do for that valuation or if they actually just sold one millionth of a percent share to their mom for $100…
One of the comments linked to a video doing exactly that.
-
@izzion said in A fool and his not-really-money are soon parted:
/. summary since Bloomberg defangs the dumbox...
So basically the Tesla of financial stocks.
-
@boomzilla looks at onebox of my post above
Yes, checks out.
-
@topspin said in A fool and his not-really-money are soon parted:
@boomzilla looks at onebox of my post above
Yes, checks out.
-
@boomzilla the wonders of
-
@topspin ah. My comment was a comparison of Tesla's market cap (~$962B) vs the big car companies (Ford ~$60B) and how their relatives sales to market cap ratios are whack.
-
@boomzilla well, they sold like 5 cars, how can it be wrong?
-
@boomzilla said in A fool and his not-really-money are soon parted:
@topspin ah. My comment was a comparison of Tesla's market cap (~$962B) vs the big car companies (Ford ~$60B) and how their relatives sales to market cap ratios are whack.
Yes. Also Tesla aren't carrying a lot of liabilities to retirees yet. That has a huge impact, and they may well have structured things so that liability goes straight off the balance sheet. There's probably other aspects too such as preferring to hold money in the company instead of paying out dividends, which inflates share prices a lot; that seems to be common among a modern group of corps (including all the big Californian tech corps). Which is probably a tax wheeze.
-
Hard to believe, but it might be true: make money with blockchain, without dirty tricks:
-
@BernieTheBernie amazing. I used 0 kWh of electricity in Texas this year, so even much less than them.
Can I get a few million in power credits, too?
-
@topspin #MeToo!
-
@BernieTheBernie
Of course, what gets missed in the summary is that this is a typical arrangement for business that have very large circuits, and is part of their agreement to be a "grid balancer". Since the power grid has to be balanced for production == consumption basically all the time, and the most efficient base power producers have long cycle times and can't just spin up and down at will, the grid needs these large industrial consumers to make sure they're fully consuming the base power generation during times of low demand. But to incentivize the large consumers to pull back during high demand (and thus prevent blackouts from all the heat/air conditioning demand, or reduce the amount of higher-cost surge generation that has to be turned on), they receive credits to stop consuming during the high demand time.Basically the same gig that a residential customer gets when they get a free water heater if they install a power company provided regulator on it that will shut it off during high demand peaks. Only at scale.
-
-
-
-
@boomzilla not just words! These words have been extensively workshopped for maximum brandability and recognization factor - optimizing connotational value while minimizing liabilizable semantics.
-
@izzion so, communism.
-
You want your money? Too bad, so sad.
-
@boomzilla Hodlnaut is hodling everyone else's money
-
@loopback0 said in A fool and his not-really-money are soon parted:
@boomzilla Hodlnaut is hodling everyone else's money
Aww, how cuuuute! Believing the money is still there, so adorbs!
-
@izzion 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:
@boomzilla Hodlnaut is hodling everyone else's money
Aww, how cuuuute! Believing the money is still there, so adorbs!
Hey! Give them time. They need to figure out how to steal it all first. Then they'll unfreeze it.
-
-
Decentralized finance is dead. Long live the new PTBs!
-
-
@loopback0 They should make their own email marketing on the blockchain. And they could call it... uh... chainmail
-
@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
@loopback0 They should make their own email marketing on the blockchain. And they could call it... uh... chainmail
Hold on, I'm parking a domain...
-
In June, cryptocurrency exchange Crypto.com announced it was laying off around 260 employees, or 5 percent of its workforce
Sources in and outside the firm say that the company has quietly let go of hundreds more employees since the initial layoffs. These new layoffs have not been publicized, and it’s difficult to estimate their exact number.
CEO Kris Marszalek refused to answer a question about the total figure in a recent employees-only town hall meeting.
If 260 people = 5% that puts their total number of employees at 5,200.
99% of everything that a cryptocurrency exchange does is handled automatically by computers. How do you need 5,000+ people?
This is just more of the egotistical bullshit that is ruining all companies.
"I want to be the CEO of a BIG company and BIG companies have lots of people, so I'll just hire thousands of people, despite the fact that we don't actually need them."
-
@Gern_Blaanston said in A fool and his not-really-money are soon parted:
so I'll just hire thousands of people, despite the fact that we don't actually need them
Eh. They (probably) get paid in crypto anyways, so it's not like they're actually spending any money...
-
-
The natural progression of double spending, is double laying off
-
@izzion said in A fool and his not-really-money are soon parted:
The natural progression of double spending, is double laying off
Quick, put the payrolls on the blockchain!!
-
A letter-writer seeking advice from the Financial Times wrote, "I got divorced last year and as part of the financial agreement, my ex-wife and I agreed that I would keep my cryptocurrency assets while she got the lion’s share of my pension and other investments, and we split the family home. When we negotiated last autumn, the crypto market was riding high and I was convinced it would go higher still, but following the recent crash my digital assets have more than halved in value. I’m now considerably worse off than my ex and worried about my financial future.
the lawyer consulted by the FT ... suggested that individuals negotiating a split with a partner don't take on all the high-risk assets like this person did.
-
This came as a shock to some crypto enthusiasts, who were taken aback that such a large number of blocks in a "decentralized" and "censorship-resistant" project would reject Tornado Cash transactions.
-
Won't speed up transactions, won't make transactions cheaper but will get them away from relying on people pumping electricity through graphics cards, at least.
-
@boomzilla But is it actually happening this time? Because Etherum has been moving to proof-of-stake in a few months for the past a few years.
-
@boomzilla said in A fool and his not-really-money are soon parted:
Won't speed up transactions, won't make transactions cheaper but will get them away from relying on people pumping electricity through graphics cards, at least.
I originally misread that as "the Bacon Chain". Now I am disappoint because that would be a pretty cool name.
-
@Gern_Blaanston said in A fool and his not-really-money are soon parted:
Now I am disappoint because
that would be a pretty cool nameI am hungry, but I can't have bacon.
-
@boomzilla said in A fool and his not-really-money are soon parted:
Won't speed up transactions, won't make transactions cheaper but will get them away from relying on people pumping electricity through graphics cards, at least.
Proof-of-stake, that's the one where the richest guy gets to decide which transactions are valid, right?
-
@ixvedeusi what could go wrong?
-
@HardwareGeek said in A fool and his not-really-money are soon parted:
@Gern_Blaanston said in A fool and his not-really-money are soon parted:
Now I am disappoint because
that would be a pretty cool nameI am hungry, but I can't have bacon.Hell is real, and you are there.
-
@boomzilla said in A fool and his not-really-money are soon parted:
@ixvedeusi what could go wrong?
Fools and their money could be parted. Wait; you said "wrong"...