A fool and his not-really-money are soon parted
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@Zerosquare 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:
I'd like to know whether particular flag bits are a good thing or a bad thing when set.
Come on. You know that:
- There's no documentation.
- If there is, it doesn't mention those bits.
- If they are, their description is hopelessly vague and confusing.
- If the description is somewhat clear, it's wrong.
- If it looks somewhat right, it describes the design goal, not how the actual hardware works.
- If it describes how the actual hardware works (bugs and all), you're either dreaming, or you weren't supposed to ever see that doc (and it will mysteriously vanish sooner and later).
- At least one bit will be cromulent with RFC3514.
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@Zerosquare 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:
I'd like to know whether particular flag bits are a good thing or a bad thing when set.
Come on. You know that:
- There's no documentation.
- If there is, it doesn't mention those bits.
- If they are, their description is hopelessly vague and confusing.
- If the description is somewhat clear, it's wrong.
- If it looks somewhat right, it describes the design goal, not how the actual hardware works.
- If it describes how the actual hardware works (bugs and all), you're either dreaming, or you weren't supposed to ever see that doc (and it will mysteriously vanish sooner and later).
Or it's referring to previous hardware revision.
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@Gustav In this case, the documentation says:
Port connection status
It's a
bool
(strictly an array of them, one per port on the device). Just WTF does that even mean? Is it good or bad? Is it serious: should I log it or pop up a dialog box or say nothing at all?
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The company will instead focus on liquidating its assets to repay customers whose cryptocurrency deposits were locked when the company filed for bankruptcy in November 2022.
FTX has recovered over $7bn in assets to repay customers, and it has reached agreements with government regulators who have agreed to wait until customers are fully repaid before attempting to collect on about $9bn in claims, Dietderich said.
It said it expected to pay all customers in full, although it will calculate their repayment based on cryptocurrency prices from November 2022, when the cryptocurrency market was suffering a prolonged slump.
Dozens of customers have complained that they are being shortchanged by the use of November 2022 prices. The price of bitcoin has risen to about $43,300 from its November 2022 price of $16,872, for example.
I'm not sure how I feel about that. Like, happy that these people are getting anything back at all or upset that they aren't going to learn their lesson since they're getting stuff back.
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@boomzilla said in A fool and his not-really-money are soon parted:
The company will instead focus on liquidating its assets to repay customers whose cryptocurrency deposits were locked when the company filed for bankruptcy in November 2022.
FTX has recovered over $7bn in assets to repay customers, and it has reached agreements with government regulators who have agreed to wait until customers are fully repaid before attempting to collect on about $9bn in claims, Dietderich said.
It said it expected to pay all customers in full, although it will calculate their repayment based on cryptocurrency prices from November 2022, when the cryptocurrency market was suffering a prolonged slump.
Dozens of customers have complained that they are being shortchanged by the use of November 2022 prices. The price of bitcoin has risen to about $43,300 from its November 2022 price of $16,872, for example.
I'm not sure how I feel about that. Like, happy that these people are getting anything back at all or upset that they aren't going to learn their lesson since they're getting stuff back.
Theyâre still gonna get a heavy douche of Ponzi scheme reality when they get âpaid backâ the November 2022 value of their assets while FTX sells those assets at February 2024 prices
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@izzion 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:
The company will instead focus on liquidating its assets to repay customers whose cryptocurrency deposits were locked when the company filed for bankruptcy in November 2022.
FTX has recovered over $7bn in assets to repay customers, and it has reached agreements with government regulators who have agreed to wait until customers are fully repaid before attempting to collect on about $9bn in claims, Dietderich said.
It said it expected to pay all customers in full, although it will calculate their repayment based on cryptocurrency prices from November 2022, when the cryptocurrency market was suffering a prolonged slump.
Dozens of customers have complained that they are being shortchanged by the use of November 2022 prices. The price of bitcoin has risen to about $43,300 from its November 2022 price of $16,872, for example.
I'm not sure how I feel about that. Like, happy that these people are getting anything back at all or upset that they aren't going to learn their lesson since they're getting stuff back.
Theyâre still gonna get a heavy douche of Ponzi scheme reality when they get âpaid backâ the November 2022 value of their assets while FTX sells those assets at February 2024 prices
I suspect that they'll need those 2/24 prices to cover the 11/22 prices with whatever assets they still have.
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@boomzilla said in A fool and his not-really-money are soon parted:
I'm not sure how I feel about that. Like, happy that these people are getting anything back at all or upset that they aren't going to learn their lesson since they're getting stuff back.
Awww, they're not going to reopen?
No more for us.
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@LaoC other grifters will fill the void.
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Apparently I sort of qualified for an airdrop of Starknet based on Github contributions.
I now have $3,669.31 of Monopoly money (1911.1 STRK).
Should I cash out or HODL?
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@error Github contributions? Hmm...
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Once again, the lonely victim of my pink-background-of-shame-to-reveal-oneboxes-which-don't-set-any-background-color custom CSS is me.
And now you.
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@error said in A fool and his not-really-money are soon parted:
Apparently I sort of qualified for an airdrop of Starknet based on Github contributions.
I now have $3,669.31 of Monopoly money (1911.1 STRK).
Should I cash out or HODL?
I cashed out* about 10% just to verify that the money existed. Apparently it does.
Then I used the rest to "add liquidity" between STRK and ETH because of some promotion promising me more CryptoBuxx if I did so. Now I have a shiny new NFT for my trouble.
* A super easy, not at-all-painful process that involved me converting from STRK to USDC and then finding a bridge from Starknet to Ethereum and then transferring to Coinbase and then giving them a whole bunch of PII and then linking a bank account and paying transaction fees at every step.
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@error wait, someone is actually randomly handing you out not-really-money, and it's not a scam?
Cash out everything and get rid of that crap.
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That's just an elaborate decoy to get his PII and banking details.
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@Zerosquare said in A fool and his not-really-money are soon parted:
That's just an elaborate decoy to get his PII and banking details.
I thought that as well, but only Coinbase asked for that, and I understand them to be somewhat reputable. The transaction fees were all paid with the free CryptoBuxx I received. I didn't put any real money in.
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@error said in A fool and his not-really-money are soon parted:
I understand them to be somewhat reputable.
So were Mt. Gox and FTX
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Yesterday I didn't understand NFTs.
Now I own several, and they make even less sense than before.
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@error Right click them, copy them, and paste them into this thread so we can explain them to you
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@Placeholder said in A fool and his not-really-money are soon parted:
@error Right click them, copy them, and paste them into this thread so we can explain them to you
Nu dun do dat, e wil doxx!
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@error said in A fool and his not-really-money are soon parted:
Then I used the rest to "add liquidity" between STRK and ETH because of some promotion promising me more CryptoBuxx if I did so.
So I apparently collected $16.92 in fees with my STRK-ETH position. Now I want to withdraw. Whoops, I didn't set aside enough to pay the fees to withdraw.
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@error said in A fool and his not-really-money are soon parted:
@error said in A fool and his not-really-money are soon parted:
Then I used the rest to "add liquidity" between STRK and ETH because of some promotion promising me more CryptoBuxx if I did so.
So I apparently collected $16.92 in fees with my STRK-ETH position. Now I want to withdraw. Whoops, I didn't set aside enough to pay the fees to withdraw.
Every step they takin money.
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@Tsaukpaetra said in A fool and his not-really-money are soon parted:
Every step they takin money.
Yes, plus I have the funds but they're in the wrong currency on the wrong network, and fixing that would incur more fees. I have to pay the fees to pay the fees.
(Convert from USDC to ETH: fee. Transfer from Ethereum network to Starknet: fee.)
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@Tsaukpaetra said in A fool and his not-really-money are soon parted:
@error said in A fool and his not-really-money are soon parted:
@error said in A fool and his not-really-money are soon parted:
Then I used the rest to "add liquidity" between STRK and ETH because of some promotion promising me more CryptoBuxx if I did so.
So I apparently collected $16.92 in fees with my STRK-ETH position. Now I want to withdraw. Whoops, I didn't set aside enough to pay the fees to withdraw.
Every step they takin money.
Buying a pack of chewing gum costs $50 and takes 3 days to clear. This disruptive, innovative technology is going to kill VISA any day now.
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@topspin said in A fool and his not-really-money are soon parted:
@Tsaukpaetra said in A fool and his not-really-money are soon parted:
@error said in A fool and his not-really-money are soon parted:
@error said in A fool and his not-really-money are soon parted:
Then I used the rest to "add liquidity" between STRK and ETH because of some promotion promising me more CryptoBuxx if I did so.
So I apparently collected $16.92 in fees with my STRK-ETH position. Now I want to withdraw. Whoops, I didn't set aside enough to pay the fees to withdraw.
Every step they takin money.
Buying a pack of chewing gum costs $50 and takes 3 days to clear. This disruptive, innovative technology is going to kill VISA any day now.
No, no, no. You want to buy a pack of chewing gum for 5 USDC on the Starknet network. You have 50 MATIC on the Polygon network. You have to convert your 50 MATIC to ETH and pay a fee. Then you have to transfer that to the Ethereum network and pay a fee. Then you have to convert that to USDC and pay a fee. Then you have to transfer that to Starknet and pay a fee. Then you can buy the gum, which has already changed price, after you pay a fee.
Simple!
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Also, the prices and fees fluctuate so much that you always have some leftover balance after every transfer that you can't do anything with. It's like gift cards with 24 cents left on them.
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: I got rich thanks to cryptocurrencies.
: Which one did you invest in?
: None of them. I just collect the transactions fees.
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@Zerosquare said in A fool and his not-really-money are soon parted:
: I got rich thanks to cryptocurrencies.
: Which one did you invest in?
: None of them. I just collect the transactions fees.I think that's basically what mining is.
Anyway, I'm putting it all into BTC until the next halving and then cashing out.
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@error said in A fool and his not-really-money are soon parted:
No, no, no. You want to buy a pack of chewing gum for 5 USDC on the Starknet network. You have 50 MATIC on the Polygon network. You have to convert your 50 MATIC to ETH and pay a fee. Then you have to transfer that to the Ethereum network and pay a fee. Then you have to convert that to USDC and pay a fee. Then you have to transfer that to Starknet and pay a fee. Then you can buy the gum, which has already changed price, after you pay a fee.
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@error 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:
@Tsaukpaetra said in A fool and his not-really-money are soon parted:
@error said in A fool and his not-really-money are soon parted:
@error said in A fool and his not-really-money are soon parted:
Then I used the rest to "add liquidity" between STRK and ETH because of some promotion promising me more CryptoBuxx if I did so.
So I apparently collected $16.92 in fees with my STRK-ETH position. Now I want to withdraw. Whoops, I didn't set aside enough to pay the fees to withdraw.
Every step they takin money.
Buying a pack of chewing gum costs $50 and takes 3 days to clear. This disruptive, innovative technology is going to kill VISA any day now.
No, no, no. You want to buy a pack of chewing gum for 5 USDC on the Starknet network. You have 50 MATIC on the Polygon network. You have to convert your 50 MATIC to ETH and pay a fee. Then you have to transfer that to the Ethereum network and pay a fee. Then you have to convert that to USDC and pay a fee. Then you have to transfer that to Starknet and pay a fee. Then you can buy the gum, which has already changed price, after you pay a fee.
Simple!
ITT, @error learns how money laundering in the 21st century works, when weâve replaced nameless faceless cash businesses with online publicly accessible permanent ledgers so you have to keep moving it until the feds get too bored to find you.
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@izzion said in A fool and his not-really-money are soon parted:
so you have to keep moving it until
the feds get too bored to find youyou run out of money.
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BTC seems to be going to the moon again, and my initial $3600 is now worth nearly $4000.
Not bad for a few days investment, where I didn't put in any capital.
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@error If you can cash out nicely ahead, so much the better for you. Let some other sucker take the risks if you don't have the stomach for them.
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@dkf said in A fool and his not-really-money are soon parted:
@error If you can cash out nicely ahead, so much the better for you. Let some other sucker take the risks if you don't have the stomach for them.
But then how are we going to be able to add memeing about @error's new gaming rig to the Skittles and cornettos memes?
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To the moon!
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@error said in A fool and his not-really-money are soon parted:
To the moon!
for adding @error to the HODL group.
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@error said in A fool and his not-really-money are soon parted:
To the moon!
I need .
I was trying to understand why the time scale under the graph was backwards before I realized it's a selector.
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@error said in A fool and his not-really-money are soon parted:
To the moon!
Doge and Shiba are up too! Time for branded Cornettos!
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@DogsB said in A fool and his not-really-money are soon parted:
Time for branded Cornettos!
Cut to the chase. Cornettocoins.
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@dkf 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:
Time for branded Cornettos!
Cut to the chase. Cornettocoins.
Want anything from the shop?
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@dkf said in A fool and his not-really-money are soon parted:
Cut to the chase. Cornettocoins.
Coinettos?
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10% Of A Bored Ape
surely theyâre not worth that much!
Also, my crypto holdings have gone up 18%. Cornettos!
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@boomzilla The world's smallest violin just got smaller.
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@boomzilla One down, fifty to go!
Though if they get Tether, that's the whole shooting match.
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Some snark to behold.
And the Lord looked down upon the crypto bros and He was grieved in His heart. So the Lord said, "I will send down upon thee a flood to wash out thy crypto conference."
*"Liquidity" jokes abounded as attendees posted footage from the TOKEN2049 floor showing people tiptoeing about in ankle-deep water. *
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@LaoC I'm trying to think about what I would do if I was at a flooded con. On the one hand, the con is ruined, might as well go home. On the other hand, I paid good money for this, and it's not happening again until next year, so clearly I should try to get something out of it.
I have walked out of a con after a quick tour when I was in a miserable mood, but that was a local con and so I was only out the ticket price and parking. A trip to Dubai costs quite a bit more.
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
@LaoC I'm trying to think about what I would do if I was at a flooded con. On the one hand, the con is ruined, might as well go home. On the other hand, I paid good money for this, and it's not happening again until next year, so clearly I should try to get something out of it.
I have walked out of a con after a quick tour when I was in a miserable mood, but that was a local con and so I was only out the ticket price and parking. A trip to Dubai costs quite a bit more.
I guess it really depends on whether you know and get on with the other people there. If so, you can put up with all sorts of crud as you're still getting a chance to talk with like-minded buddies. OTOH, any con where you are feeling excluded (intentionally or otherwise) is a terrible experience, no matter how good the venue.