A fool and his not-really-money are soon parted
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@pie_flavor 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:
@pie_flavor 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:
Turns out that blockchains are not very good for voting, either. Who knew?
"In particular, if malware on a voter's device alters a vote before it ever reaches a blockchain, the immutability of the blockchain fails to provide the desired integrity, and the voter may never know of the alteration."
Well no fucking shit. There isn't any network technology that'll prevent that, and if you thought otherwise, you deserve what you get.
You should totally moment that on the article.
Laugh as yep?
Do itttt!!!
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@Tsaukpaetra As soon as I figure out how 'moment' can be used as a verb.
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@pie_flavor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra As soon as I figure out how 'moment' can be used as a verb.
I'm sure some Internet comment or another will help you find your way.
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@Tsaukpaetra said in A fool and his not-really-money are soon parted:
@pie_flavor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra As soon as I figure out how 'moment' can be used as a verb.
I'm sure some Internet comment or another will help you find your way.
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@pie_flavor 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:
@pie_flavor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra As soon as I figure out how 'moment' can be used as a verb.
I'm sure some Internet comment or another will help you find your way.
All the buttons of his keyboard are reachable with one finger tip, simultaneously. Moment was a typo for comment.
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@topspin I doubt that, else he'd have said so by now.
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@pie_flavor said in A fool and his not-really-money are soon parted:
@topspin I doubt that, else he'd have said so by now.
I did. You just have to read into it.
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@Tsaukpaetra Look, not everyone can have the same magical ability to read what isn't there as you.
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@pie_flavor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra Look, not everyone can have the same magical ability to read what isn't there as you.
I'm sorry your mind has not the capacity of a five year old with an iPhone that autocorrects.
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@Tsaukpaetra What are you implying?
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@pie_flavor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra What are you implying?
I can't tell you, you are not capable of understanding regardless.
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@pie_flavor said in A fool and his not-really-money are soon parted:
And I'm glad to have the opportunity to have them, HAND.
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@pie_flavor 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:
HAND.
what?
I'll let you google that for yourself, TYVM.
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@Tsaukpaetra Google what? Hand?
https://i.imgur.com/0wNYbg7.png
Illuminating.
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@pie_flavor said in A fool and his not-really-money are soon parted:
Illuminating.
You should get that looked at, glowing hands are no joking matter!
But, I'm sure you could probably make a coin for that.
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@Tsaukpaetra said in A fool and his not-really-money are soon parted:
But, I'm sure you could probably make a coin for that.
what?
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@pie_flavor 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:
But, I'm sure you could probably make a coin for that.
what?
You know, the topic of this thread (which in fact is not actually about your comments (or lack thereof)).
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@Tsaukpaetra Yeah, it was just so completely irrelevant to what either of us had said that I wasn't sure what you were talking about
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@pie_flavor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra Yeah, it was just so completely irrelevant to what either of us had said that I wasn't sure what you were talking about
Is this an unusual situation for you? This happens to me all the time...
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@pie_flavor said in A fool and his not-really-money are soon parted:
@Tsaukpaetra Google what? Hand?
https://i.imgur.com/0wNYbg7.png
Illuminating.Oh come on, you were so close!
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@pie_flavor said in A fool and his not-really-money are soon parted:
Google what? Hand?
YHL. HAND. LOL.
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@dkf said in A fool and his not-really-money are soon parted:
YHL
Young house love?
TBH, IDGAF. YMMV, OTOH YOLO
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Pushing this wannabe-Eliza-vs-obtuse-Eliza conversation back to the original topic…
Bloomberg: Crypto Wipeout Deepens to $640 Billion as Ether Leads Declines
The cryptocurrency bear market plumbed a fresh 10-month low after Bitcoin’s biggest rival tumbled and U.S. regulators suspended trading in two securities linked to digital assets.
Ether, the second-largest virtual currency, slumped 8.9 percent from its level at 5 p.m. New York time on Friday, according to Bloomberg composite pricing. Bitcoin lost 2.1 percent, while the market capitalization of digital assets tracked by CoinMarketCap.com shrank to $197 billion -- down about $640 billion from its January peak.
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@DCoder said in A fool and his not-really-money are soon parted:
The cryptocurrency bear market
Or did they misspell cryptozoological?
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@Jaloopa 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:
YHL
Young house love?
TBH, IDGAF. YMMV, OTOH YOLO
You forgot OMGWTFBBQ. Now DIAF
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Bull Market
A bull market occurs when the economy is doing well—unemployment is low, GDP is high, and stocks are rising. If people are optimistic, believing that stocks will rise, they are called “bulls.”
Bear Market
On the other hand, a bear market is when the economy is NOT doing well— unemployment is high, and a recession is approaching. If people are pessimistic, believing that stocks are going to drop, they are called “bears.”
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@DCoder TIL
Also, I did suspect it was some unfamiliar terminology but that wont stop me from trying to make silly jokes. :P
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@DCoder said in A fool and his not-really-money are soon parted:
Pushing this wannabe-Eliza-vs-obtuse-Eliza conversation back to the original topic…
Wait, which one is the wannabe-Eliza?
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Look out below!
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@izzion said in A fool and his not-really-money are soon parted:
Look out below!
What?
This is below and everything looks fine
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The value of all virtual currencies tracked by CoinMarketCap.com sank to $187 billion, a 10-month low.
That's still $186.9 billion too high.
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Attention whore submerges two smartphones in tupperware, declares world's first "'almost' underwater" bitcoin transfer.
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@DCoder said in A fool and his not-really-money are soon parted:
"burning man style cryptocurrency cruise": Those certainly are all words.
@boomzilla said in A fool and his not-really-money are soon parted:
@DCoder I can't wait to hear her after action report on that.
The cruise is over, action report is coming:
Other sources already have some info about it:
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@pie_flavor 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:
HAND.
what?
You know, the thing your mom uses to get off when I'm too busy.
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[H]acker going online by the pseudonym of "aabbccddeefg" has exploited a vulnerability to steal over 24,400 EOS coins ($125,000) from a blockchain-based betting app.
And to put the cherry on top of this whole incident, just a few days earlier, EOSBet had mocked a competitor on Twitter for getting hacked.
"DEOS Games, a clone and competitor of our dice game, has suffered a severe hack today that drained their bankroll," EOSBet tweeted. "As of now every single dice game and clone site has been hacked. We have the biggest bankroll, the best developers, and a superior UI. Play on."
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@DCoder
#PrideGoeth
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@DCoder said in A fool and his not-really-money are soon parted:
We have the biggest bankroll, the best developers, and a superior UI.
Impossible, they were all hired by Q Initiative! They said so!
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New York State AG report: What Cryptocurrency Platforms are Doing – and Not Doing – to Protect Retail Customers from Theft, Fraud, and Abuse
Some highlights below, read the full report for more:
The OAG sought voluntary participation, expecting that platforms would embrace the opportunity to provide the public with much-needed clarity regarding basic practices and functionality. Most did. […] Four platforms – Binance Limited, Gate.io (operated by Gate Technology Incorporated), Huobi Global Limited, and Kraken (operated by Payward, Inc.) – claimed they do not allow trading from New York and declined to participate. The OAG investigated whether those platforms accepted trades from within New York State. Based on this investigation, the OAG referred Binance, Gate.io, and Kraken to the Department of Financial Services for potential violation of New York’s virtual currency regulations.
The Initiative also revealed three broad areas of concern for the virtual markets as a whole:
- The Various Business Lines and Operational Roles of Trading Platforms Create Potential Conflicts of Interest. […] Additionally, platform employees – who may have access to information about customer orders, new currency listings, and other nonpublic information – often hold virtual currency and trade on their own or competing platforms.
- Trading Platforms Have Yet to Implement Serious Efforts to Impede Abusive Trading Activity. […] Few platforms seriously restrict or even monitor the operation of “bots” or automated algorithmic trading on their venues. Indeed, certain trading platforms deny any responsibility for stopping traders from artificially affecting prices.
- Protections for Customer Funds Are Often Limited or Illusory. Generally accepted methods for auditing virtual assets do not exist, and trading platforms lack a consistent and transparent approach to independently auditing the virtual currency purportedly in their possession; several do not claim to do any independent auditing of their virtual currency holdings at all.
The OAG could not review the practices and procedures of non-participating platforms (Binance, Gate.io, Huobi, and Kraken) concerning manipulative or abusive trading. However, the Kraken platform’s public response is alarming. In announcing the company’s decision not to participate in the Initiative, Kraken declared that market manipulation “doesn’t matter to most crypto traders,” even while admitting that “scams are rampant” in the industry.
[S]everal platforms reported that they engage in proprietary trading on their own venue. In other words, customers who submit an order to buy or sell a virtual asset could have their order filled not by another customer, but by a “trading desk” run by the platform itself, trading on behalf of the platform for its own account.
The OAG found that significant variation exists in the amount of trading activity attributable to those platform operators. […] Coinbase[,] disclosed that almost twenty percent of executed volume on its platform was attributable to its own trading.
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@DCoder Wait, algorithmic trading is "abuse"? Huh?
The bigger problem is the hordes of people on Russian Telegram (the chat application) servers that get together and pump-and-dump a new currency almost every day. And that doesn't use algorithmic trading at all.
But instead of looking at that, they would looking at whether you can script transactions, which is perfectly fine and dandy pretty much everywhere including the NYSE and NASDAQ? WTF.
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@blakeyrat yeah, this seems a bit out of the NY AG's wheelhouse. Seems like the sort of thing the Federal Securities and Exchange Commission should be looking at.
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@boomzilla Well more than that, it's the first time I've ever heard about someone saying algorithmic trading is abuse in Crypto or in the regular stock markets-- I mean you can get plain-ass investor accounts from anybody that have an API and allow algorithmic trading. (It's just usually not profitable unless you can do the high-frequency stuff.)
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@blakeyrat said in A fool and his not-really-money are soon parted:
Well more than that, it's the first time I've ever heard about someone saying algorithmic trading is abuse in Crypto or in the regular stock markets-
I agree. My comment is that the reason for this is possibly because these guys are trying to investigate stuff without understanding the domain.
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From what I understand, the problem is not that they're using algorithmic trading, it's that they are trading a significant amount of money in their own system (where they have an advantage over everyone else).
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@Zerosquare No, those are two separate bulletpoints. The one about algorithmic trading seems to conflate it with pump-and-dump though:
@DCoder said in A fool and his not-really-money are soon parted:
Trading Platforms Have Yet to Implement Serious Efforts to Impede Abusive Trading Activity. […] Few platforms seriously restrict or even monitor the operation of “bots” or automated algorithmic trading on their venues. Indeed, certain trading platforms deny any responsibility for stopping traders from artificially affecting prices.
The idiocy here being of course that pump-and-dump schemes are done manually. (I mean, there's probably one or two people of the 2,400 on the Telegraph planning these that has an algorithmic trading script set up; the vast majority are doing it manually though.)
Algorithmic trading on cryptos doesn't impact the market prices any more than algorithmic trading on traditional exchanges does-- specifically, it equalizes the prices quicker than would happen otherwise. That's not illegal, immoral, or anything... so it's a weird thing to call out.
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@blakeyrat: Oh. Then yeah, I don't know what their point is. Algorithmic, high-frequency trading is allowed on traditional exchanges, and it's pretty common.
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@Zerosquare said in A fool and his not-really-money are soon parted:
Algorithmic, high-frequency trading
Given the time to verify a transaction with cryptocurrencies, is that fixed by making “high frequency” be once an hour or something?