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General Discussion => The New Joe Montgomery Birther Pit => Topic started by: sys on July 06, 2021, 02:30:59 PM

Title: politics of crypto (ban that crap)
Post by: sys on July 06, 2021, 02:30:59 PM
i need a thread to post stuff so i'm not tempted to throw it in the crypto "investing" thread.


i really don't even know what a counter argument would be.  a bunch of dumbasses would be mad at having their tulips turn belly up, i guess.

https://twitter.com/Pinboard/status/1395752943706537986
Title: Re: politics of crypto (ban that crap)
Post by: Rage Against the McKee on July 06, 2021, 02:40:46 PM
I agree. Ban it.
Title: Re: politics of crypto (ban that crap)
Post by: MadCat on July 06, 2021, 03:19:06 PM
I don't have any...go for it.
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 06, 2021, 03:23:29 PM
I have enough in where I get to celebrate if it goes up and am not happy if it goes down but it will not really impact me in a meaningful way if it goes to zero. I think that the genie is too far out of the lamp to shove it back in personally but we shall see.
Title: Re: politics of crypto (ban that crap)
Post by: Rage Against the McKee on July 06, 2021, 03:28:44 PM
Are there any legitimate reasons for a person to use crypto to pay for something?
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 06, 2021, 03:34:51 PM
Are there any legitimate reasons for a person to use crypto to pay for something?

yes, but that's a super tiny bit of what its potential is.
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on July 06, 2021, 03:52:58 PM
As an investor on the periphery/infrastructure that makes crypto, crypto.

I say, let it ride.

Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 06, 2021, 03:54:11 PM
As an investor on the periphery/infrastructure that makes crypto, crypto.

I say, let it ride.
Yeah, same


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Title: Re: politics of crypto (ban that crap)
Post by: chum1 on July 06, 2021, 04:19:20 PM
There was a time when the only things on the internet were porn and instructions for things like making bombs and free long distance calls.

I find the energy use case against far more compelling.
Title: Re: politics of crypto (ban that crap)
Post by: star seed 7 on July 06, 2021, 04:21:26 PM
There was a time when the only things on the internet were porn and instructions for things like making bombs and free long distance calls.

I find the energy use case against far more compelling.

Agree
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 06, 2021, 05:40:55 PM
Are there any legitimate reasons for a person to use crypto to pay for something?

yes, but that's a super tiny bit of what its potential is.
Crypto is basically the cornerstone of decentralized finance, which allows people to hold and share money without ridiculous transaction costs. I suppose that’s the same critique for why it’s so great for criminals (i.e., you don’t have to hold assets in a bank where they can be frozen). We love the crap out of civil asset forfeiture in the US.

I -thought- the solution to this was to build into the system a kind of ledger so you could easily trace each transaction on the blockchain. Seems like a win-win, but I guess we’re not there yet?
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 06, 2021, 05:42:42 PM
There was a time when the only things on the internet were porn and instructions for things like making bombs and free long distance calls.

I find the energy use case against far more compelling.

I don't think its as compelling rn because we mostly don't hear about ransomware stuff (energy use seems more transitory but this seems kind of baked in, but maybe I'm being dumb/uninformed)
Most everything but Bitcoin is moving towards a system (proof of stake) that makes the energy use much less of a concern.
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 06, 2021, 05:48:39 PM
Yeah, ETH 2.0 will fix that mostly


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Title: Re: politics of crypto (ban that crap)
Post by: Cire on July 06, 2021, 08:48:16 PM
As an investor on the periphery/infrastructure that makes crypto, crypto.

I say, let it ride.
This sounds like beems and the solar company.


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Title: Re: politics of crypto (ban that crap)
Post by: IPA4Me on July 06, 2021, 09:27:46 PM
There was a time when the only things on the internet were porn and instructions for things like making bombs and free long distance calls.

I find the energy use case against far more compelling.
Do you dry your clothes on a line?

https://twitter.com/csuwildcat/status/1402753394951950339?s=19

Sent from my moto g power using Tapatalk

Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 07, 2021, 05:11:39 AM
I agree. Ban it.

It would be very on brand for the US to fall even further behind the world technologically by banning crypto.
Title: Re: politics of crypto (ban that crap)
Post by: cfbandyman on July 07, 2021, 06:34:35 AM
I go back and forth on it a lot, the energy use is somewhat concerning as it's mostly unnecessary give what it is. That being said, I not really against it because of that. I am pretty against it because of how it's seen, treated, used, and speculated like any other get quick rich scheme.

I do also find the whole NFT crazy really weird for nearly the same reason but with added weirdness of treating as "art" while putting it in the confines of a cold and lifeless digital world. It to me seems the opposite of art.



Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on July 07, 2021, 06:50:31 AM
As an investor on the periphery/infrastructure that makes crypto, crypto.

I say, let it ride.
This sounds like beems and the solar company.


Sent from my iPhone using Tapatalk
Oh boy
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 03:04:36 PM
I agree. Ban it.

It would be very on brand for the US to fall even further behind the world technologically by banning crypto.

i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 07, 2021, 03:39:27 PM
I agree. Ban it.

It would be very on brand for the US to fall even further behind the world technologically by banning crypto.

i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.

The most relevant crypto that will be the backbone of the next financial system uses consensus protocol and consumes 1/10,000 as much energy as bitcoin. You are out of your depth on this one.
Title: politics of crypto (ban that crap)
Post by: catastrophe on July 07, 2021, 03:52:56 PM
Has anyone crunched the numbers on how much energy is consumed to process other transactions such as a wire transfer from the US to Germany or something like that? Seems like it has to be at least as much as a transaction using BTC.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 03:55:13 PM
crypto fans get a lot of mileage out of "just wait, someday someone is going to invent a version of this that doesn't suck complete ass", but at some point the clock's gonna run out on that.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 03:56:01 PM
Seems like it has to be at least as much as a transaction using BTC.

lol, no.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 03:57:52 PM
Quote
Other digital transactions, like those powered by Visa, take less than a second and use roughly 1/500,000 the energy because they rely on a centralized authority to verify transactions.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 07, 2021, 04:11:41 PM
Visa transactions don’t settle in 1 second, good lord.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 04:15:47 PM
what are you even doing, wetwillie?
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 07, 2021, 04:23:03 PM
what are you even doing, wetwillie?

Taking your bait evidently
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 04:35:31 PM
there's no bait here.  you've just decided to argue with the editors of forbes about the speed of a visa transaction for reasons unknown.


without personally measuring the speed of a visa transaction, i can observe all i need to know about the relative efficiencies seeing costco push like 5 million people a day through each warehouse while accepting visa and not warehousing a server farm in the artic to price croissants in bitcoin.
Title: politics of crypto (ban that crap)
Post by: catastrophe on July 07, 2021, 04:51:10 PM
Quote
Other digital transactions, like those powered by Visa, take less than a second and use roughly 1/500,000 the energy because they rely on a centralized authority to verify transactions.
Is that like with Venmo? I thought wiring money across countries was more involved. When I hear Visa I just think merchant transactions.

Edit. I’m talking about something like this: https://www.bankofamerica.com/foreign-exchange/wire-transfer/
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 04:57:09 PM
yeah, wiring money is more involved and takes a long time to clear.  but, on the energy side, it's still just a couple of banks agreeing to change some numbers.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 07, 2021, 05:00:42 PM
crypto fans get a lot of mileage out of "just wait, someday someone is going to invent a version of this that doesn't suck complete ass", but at some point the clock's gonna run out on that.
I was so certain you were trolling when you first said this I didn’t bother responding. Your argument is the equivalent of someone in the late 1970s railing about how useless the internet is.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 05:06:28 PM
was the internet still completely useless twelve years after it was invented?
Title: politics of crypto (ban that crap)
Post by: catastrophe on July 07, 2021, 05:19:32 PM
was the internet still completely useless twelve years after it was invented?
Well the first domain wasn’t registered until 1985 according to an internet source. I sense your “completely useless” qualifier might be a loaded question. I don’t think I’d call the early internet completely useless, but I think it’s also ridiculous to say the same about crypto considering it is being used currently.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 07, 2021, 05:22:23 PM
there's no bait here.  you've just decided to argue with the editors of forbes about the speed of a visa transaction for reasons unknown.


without personally measuring the speed of a visa transaction, i can observe all i need to know about the relative efficiencies seeing costco push like 5 million people a day through each warehouse while accepting visa and not warehousing a server farm in the artic to price croissants in bitcoin.

You aren’t talking about settlement, that takes 48 hours to clear all parties and the receiver of funds to get what is coming to them.   XRP can do that in 3-5 seconds.
Title: Re: politics of crypto (ban that crap)
Post by: chum1 on July 07, 2021, 05:26:33 PM
All technology does is reinvent the wheel. How long was it before computers were useful?
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 07, 2021, 05:26:56 PM
I think it’s also ridiculous to say the same about crypto considering it is being used currently.

95% of use = buy some and hold hoping someone even stupider will eventually give you more fiat currency for it than you did.
4% of use = buy some and lose the password.
.99% of use = crime
.01% of use = try to hide money from a govt for non-criminal reasons.
Title: Re: politics of crypto (ban that crap)
Post by: MakeItRain on July 07, 2021, 10:33:41 PM
There was a time when the only things on the internet were porn and instructions for things like making bombs and free long distance calls.

I find the energy use case against far more compelling.
Do you dry your clothes on a line?

https://twitter.com/csuwildcat/status/1402753394951950339?s=19

Sent from my moto g power using Tapatalk

(https://media1.tenor.com/images/18143f7895b22b936cc5b1d743f45599/tenor.gif?itemid=19746510)
Hmmmmm, I'm gonna need to see confirmation of this
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 08, 2021, 04:51:34 PM
https://twitter.com/abitonline/status/1413138380720771080
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on July 09, 2021, 08:37:51 PM
Wow, this thread is great. The people who don’t get it, have shown that they REALLY don’t get it ITT. Not sure if some of you are being willfully ignorant or just plain stupid but keep it up here. This is great.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 09, 2021, 08:55:26 PM
i'm glad you found the thread, dbt.
Title: Re: politics of crypto (ban that crap)
Post by: 'taterblast on July 09, 2021, 09:00:37 PM
at what point does the mainstream buzz around digital currency become about more than how much of another currency it's worth? like how far off do experts think that is?
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 09, 2021, 09:02:22 PM
at what point does the mainstream buzz around digital currency become about more than how much of another currency it's worth? like how far off do experts think that is?

same question but gold
Title: Re: politics of crypto (ban that crap)
Post by: 'taterblast on July 09, 2021, 09:05:55 PM
at what point does the mainstream buzz around digital currency become about more than how much of another currency it's worth? like how far off do experts think that is?

same question but gold

yeahhhhhh but gold makes fancy jewelry at least?
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 09, 2021, 09:15:17 PM
same question but gold

the people that claim gold is a currency are at least widely understood to be crazy people.
Title: politics of crypto (ban that crap)
Post by: catastrophe on July 09, 2021, 09:30:15 PM
at what point does the mainstream buzz around digital currency become about more than how much of another currency it's worth? like how far off do experts think that is?

same question but gold

yeahhhhhh but gold makes fancy jewelry at least?
My explanation could be wrong, but I’m confident you’re missing part of the story.

Most cryptocurrency is generated and used to perform transactions on block chains. So like if a recording artist wanted to license a song by NFT or create a smart contract on the Ethereum network, they would need to pay in ETH to do it. It has inherent value for that reason.
Title: Re: politics of crypto (ban that crap)
Post by: chum1 on July 09, 2021, 09:51:40 PM
So, maybe the argument being made here is that crypto transactions between individuals should be banned, but not transactions between individuals and regulated institutions.
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 09, 2021, 10:56:15 PM
same question but gold

the people that claim gold is a currency are at least widely understood to be crazy people.

(https://i.pinimg.com/originals/74/42/3c/74423cbcc2805a7e5cc6e5672628818d.png)
Title: Re: politics of crypto (ban that crap)
Post by: mocat on July 10, 2021, 10:33:16 AM
It's no 2015 royals thread but there's some great sys itt
Title: Re: politics of crypto (ban that crap)
Post by: Rage Against the McKee on July 12, 2021, 09:18:57 AM
at what point does the mainstream buzz around digital currency become about more than how much of another currency it's worth? like how far off do experts think that is?

same question but gold

yeahhhhhh but gold makes fancy jewelry at least?
My explanation could be wrong, but I’m confident you’re missing part of the story.

Most cryptocurrency is generated and used to perform transactions on block chains. So like if a recording artist wanted to license a song by NFT or create a smart contract on the Ethereum network, they would need to pay in ETH to do it. It has inherent value for that reason.

Why would someone want to license a song by NFT?
Title: politics of crypto (ban that crap)
Post by: catastrophe on July 12, 2021, 10:36:18 AM
My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.
Title: Re: politics of crypto (ban that crap)
Post by: DQ12 on July 12, 2021, 10:45:24 AM
My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.
it sounds like they figured out a way to make licenses the exact same as they were already.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 12, 2021, 01:09:10 PM
My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.
it sounds like they figured out a way to make licenses the exact same as they were already.
Are you familiar with the terms forgery or plagiarism?
Title: Re: politics of crypto (ban that crap)
Post by: DQ12 on July 12, 2021, 04:36:59 PM
My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.
it sounds like they figured out a way to make licenses the exact same as they were already.
Are you familiar with the terms forgery or plagiarism?
How do those terms apply to the song license hypo?
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on July 12, 2021, 04:55:04 PM
My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.
it sounds like they figured out a way to make licenses the exact same as they were already.
Are you familiar with the terms forgery or plagiarism?
How do those terms apply to the song license hypo?

The point is that it's a contract that is foolproof in self-authenticating. Are you playing dumb or something? Because I know you to be an intelligent person.
Title: Re: politics of crypto (ban that crap)
Post by: Kat Kid on July 12, 2021, 05:02:41 PM
One big advantage is you don’t need some high priced attorney signing off on it!
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on July 12, 2021, 06:04:58 PM
One big advantage is you don’t need some high priced attorney signing off on it!

No, but you'll apparently need high-priced me and catastrophe explaining the concept to old judges like they're children.
Title: Re: politics of crypto (ban that crap)
Post by: DQ12 on July 13, 2021, 09:59:44 AM
My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.
it sounds like they figured out a way to make licenses the exact same as they were already.
Are you familiar with the terms forgery or plagiarism?
How do those terms apply to the song license hypo?

The point is that it's a contract that is foolproof in self-authenticating. Are you playing dumb or something? Because I know you to be an intelligent person.
I just don’t get it. 
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 13, 2021, 03:09:55 PM
I just don’t get it.

that's the entire blockchain playbook.  say some random thing will be revolutionized by blockchain, have no rationale for how or why blockchain would improve or replace whatever they're saying would revolutionized and then imply you're stupid if you don't agree that blockchain revolutionize whatever it is.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 13, 2021, 03:28:33 PM
Sys you are positively Daxian in your purposeful ignorance here.

This might help explain for those actually interested https://www.goldmansachs.com/insights/pages/blockchain/
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 13, 2021, 03:31:25 PM
Sys you are positively Daxian in your purposeful ignorance here.

This might help explain for those actually interested https://www.goldmansachs.com/insights/pages/blockchain/

oh, i believe the part where you can use blockchain to create a shitty version of contract, just as you can use it to create a shitty version of a currency.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 13, 2021, 05:50:30 PM
One big advantage is you don’t need some high priced attorney signing off on it!

No, but you'll apparently need high-priced me and catastrophe explaining the concept to old judges like they're children.

Are you familiar with the KIK Interactive case?
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 13, 2021, 06:01:50 PM
at what point does the mainstream buzz around digital currency become about more than how much of another currency it's worth? like how far off do experts think that is?

same question but gold

yeahhhhhh but gold makes fancy jewelry at least?
My explanation could be wrong, but I’m confident you’re missing part of the story.

Most cryptocurrency is generated and used to perform transactions on block chains. So like if a recording artist wanted to license a song by NFT or create a smart contract on the Ethereum network, they would need to pay in ETH to do it. It has inherent value for that reason.

Why would someone want to license a song by NFT?

They capture all the economics, this isn’t hard.
Title: Re: politics of crypto (ban that crap)
Post by: chum1 on July 14, 2021, 11:48:04 AM
Looks like the entire premise of this thread has been refuted.

https://twitter.com/JoePompliano/status/1415346064807366658
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on July 14, 2021, 11:51:52 AM
 :love:
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 14, 2021, 03:57:43 PM
Refuse to regulate it through legislation but tax it to death.  Seems about right.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 14, 2021, 04:46:53 PM
Refuse to regulate it through legislation but tax it to death.  Seems about right.
They really can’t figure out if it should be treated like an asset or like a security. Right now they’re going with the former. Government generally doesn’t care if you sell something expensive to someone else as long as you pay taxes on what you make.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 14, 2021, 05:54:02 PM
Refuse to regulate it through legislation but tax it to death.  Seems about right.
They really can’t figure out if it should be treated like an asset or like a security. Right now they’re going with the former. Government generally doesn’t care if you sell something expensive to someone else as long as you pay taxes on what you make.

The SEC would beg to differ
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 14, 2021, 07:06:51 PM
lol.

https://twitter.com/JasonYanowitz/status/1415428773680386051
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 14, 2021, 09:26:44 PM
Refuse to regulate it through legislation but tax it to death.  Seems about right.
They really can’t figure out if it should be treated like an asset or like a security. Right now they’re going with the former. Government generally doesn’t care if you sell something expensive to someone else as long as you pay taxes on what you make.

The SEC would beg to differ
SEC has a totally different focus. That’s the dilemma.
Title: Re: politics of crypto (ban that crap)
Post by: IPA4Me on July 15, 2021, 07:05:26 AM
https://twitter.com/ummjackson/status/1415353984617914370?s=19

Sent from my moto g power using Tapatalk

Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 15, 2021, 10:49:08 AM
https://twitter.com/ummjackson/status/1415353984617914370?s=19

Sent from my moto g power using Tapatalk



Good thread, not sure what he is going to invest in however with all that Pearl clutching and moral high ground.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 15, 2021, 11:56:19 AM
Also seemingly refuses to recognize the distinction between block chain technology and crypto.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 15, 2021, 04:12:05 PM
SEC took a really public and embarrassing  beating today.  Former director Hinman will be deposed in part of the pre trial discovery of the Ripple vs SEC lawsuit.  Wonder what he will say in regards to why he met with ETH foundation a week before declaring ETH was not a security and how his law firm (which paid him millions while he was the director of the SEC) sits on the Enterprise Ethereum Alliance.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 15, 2021, 04:15:34 PM
SEC took a really public and embarrassing  beating today.  Former director Hinman will be deposed in part of the pre trial discovery of the Ripple vs SEC lawsuit.  Wonder what he will say in regards to why he met with ETH foundation a week before declaring ETH was not a security and how his law firm (which paid him millions while he was the director of the SEC) sits on the Enterprise Ethereum Alliance.

Is that for real? That seems like it has to be highly illegal, not just a conflict of interest.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 15, 2021, 05:44:38 PM
SEC took a really public and embarrassing  beating today.  Former director Hinman will be deposed in part of the pre trial discovery of the Ripple vs SEC lawsuit.  Wonder what he will say in regards to why he met with ETH foundation a week before declaring ETH was not a security and how his law firm (which paid him millions while he was the director of the SEC) sits on the Enterprise Ethereum Alliance.

Is that for real? That seems like it has to be highly illegal, not just a conflict of interest.

https://www.businessinsider.com/sec-simpson-partner-pay-biden-golden-parachutes-2021-1 (https://www.businessinsider.com/sec-simpson-partner-pay-biden-golden-parachutes-2021-1)
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 16, 2021, 02:17:23 AM
i like the part where he says they completely failed.

https://twitter.com/therecount/status/1415698481499492367
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 16, 2021, 03:57:19 AM
after today's price action I'm also on board with banning this crap
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 22, 2021, 05:14:51 AM
seems like it'd be simpler to just ban that crap, but ok.

https://twitter.com/EnriqueDiazAlva/status/1418149340850294788
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 22, 2021, 10:20:09 AM

I -thought- the solution to this was to build into the system a kind of ledger so you could easily trace each transaction on the blockchain. Seems like a win-win, but I guess we’re not there yet?

We’re almost there!
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 25, 2021, 03:43:59 PM
no pinboard daddy!

https://twitter.com/Pinboard/status/1419392906138324994
Title: politics of crypto (ban that crap)
Post by: catastrophe on July 25, 2021, 04:27:58 PM
Does that person think the SEC regulates money?

“Excuse me I would like to speak to the manager of money.”
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 25, 2021, 04:36:30 PM
he doesn't think cryptocurrencies are money.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 25, 2021, 04:45:42 PM
So what “rules that govern doing stuff with money” are they talking about.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 25, 2021, 05:02:28 PM
exchanging financial assets?
Title: Re: politics of crypto (ban that crap)
Post by: sys on August 09, 2021, 08:09:53 PM
unfortunately, i don't think this is going to kill or prolly even leave a mark on crypto, but you have to love america's greatest senator for stomping on it like a cockroach because no one would give him a bit of pork.

https://twitter.com/pearkes/status/1424836868076621826
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on August 31, 2021, 08:28:50 AM
Sys!

https://twitter.com/ljmoynihan/status/1432695724374904840
Title: Re: politics of crypto (ban that crap)
Post by: sys on August 31, 2021, 03:29:54 PM
when he's right, he's right.
Title: Re: politics of crypto (ban that crap)
Post by: Kat Kid on August 31, 2021, 03:44:43 PM
sys I have never felt further apart from you. You hate crypto, you hate Biden’s best policy achievements. What the hell?
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on August 31, 2021, 03:45:30 PM
Trump, Sys, Shelby three peas in a pod
Title: Re: politics of crypto (ban that crap)
Post by: sys on January 10, 2022, 01:53:44 AM
https://twitter.com/PlanMaestro/status/1480243444262002692
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on January 10, 2022, 09:39:40 AM
https://twitter.com/PlanMaestro/status/1480243444262002692

This right here is one of the stupidest of the stupid talking points but it makes sense that sys doesn't understand how stupid it is.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on January 10, 2022, 09:43:39 AM
Any graph without XRP is a farce
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on January 10, 2022, 09:53:33 AM
Gensler talked a lot of crypto on cnbc this morning. Yep think he likes Eth and hates ripple.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on January 10, 2022, 10:43:04 AM
Gensler talked a lot of crypto on cnbc this morning. Yep think he likes Eth and hates ripple.

Does Gensler hate Ripple more than Sys hates crypto?  I think it may be close.
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on January 10, 2022, 10:50:37 AM
Gensler talked a lot of crypto on cnbc this morning. Yep think he likes Eth and hates ripple.

Does Gensler hate Ripple more than Sys hates crypto?  I think it may be close.

It might be close but Gensler has a 100 fold more grasp of crypto is and how it works than sys does.
Title: Re: politics of crypto (ban that crap)
Post by: sys on January 16, 2022, 10:24:57 PM
great news for everyone betting on greater fool theory.

https://twitter.com/garybrannan/status/1482866885989478411
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on January 17, 2022, 08:57:40 AM
ha, posted in the crypto thread this morning. incredibly lmao.
Title: Re: politics of crypto (ban that crap)
Post by: sys on February 20, 2022, 07:53:11 PM
https://twitter.com/ModeledBehavior/status/1495576197383790593
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on February 20, 2022, 08:45:43 PM
You know I really didn’t expect that much overlap between NFT early adopters and boomers falling for email scams. Learn something new every day I guess.
Title: Re: politics of crypto (ban that crap)
Post by: sys on February 28, 2022, 07:05:43 PM
https://twitter.com/chrisoIIey/status/1498408622220783616
Title: Re: politics of crypto (ban that crap)
Post by: sys on March 13, 2022, 06:45:55 PM
ban that crap.

https://twitter.com/DigiEconomist/status/1503139538625044485
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on March 13, 2022, 08:04:58 PM
that’s incredibly stupid
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on March 13, 2022, 08:36:52 PM
Yes a single transatlantic round trip creates a carbon footprint orders of magnitude greater than a bitcoin transaction, but I am still against banning such flights.
Title: Re: politics of crypto (ban that crap)
Post by: Justwin on March 13, 2022, 09:48:03 PM
Yes a single transatlantic round trip creates a carbon footprint orders of magnitude greater than a bitcoin transaction, but I am still against banning such flights.

How many orders of magnitude are you implying?
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on March 13, 2022, 09:52:54 PM
I assume we are talking banning it from exchanges because LOL at banning mining it.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on March 13, 2022, 11:41:02 PM
Yes a single transatlantic round trip creates a carbon footprint orders of magnitude greater than a bitcoin transaction, but I am still against banning such flights.

How many orders of magnitude are you implying?
Look I don’t know how many people sit on a transatlantic flight but it sounded better than “many multiples” ok.
Title: Re: politics of crypto (ban that crap)
Post by: IPA4Me on March 14, 2022, 01:14:34 PM
Should ban clothes dryers first.

https://twitter.com/csuwildcat/status/1402753394951950339
Title: Re: politics of crypto (ban that crap)
Post by: chum1 on March 14, 2022, 01:23:23 PM
Elizabeth Warren, huh? Looks like sys is going to need to rethink his position now.
Title: Re: politics of crypto (ban that crap)
Post by: Justwin on March 14, 2022, 01:24:54 PM
Should ban clothes dryers first.

https://twitter.com/csuwildcat/status/1402753394951950339

It astounds me how many of these discussions could be avoided if we simply implemented a carbon tax.
Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on March 14, 2022, 01:26:31 PM
Should ban clothes dryers first.

https://twitter.com/csuwildcat/status/1402753394951950339

no we should stop using the clothes dryers that we currently have and use the clothes dryers that can dry our clothes only using 0.00000067% as much energy.
Title: Re: politics of crypto (ban that crap)
Post by: IPA4Me on March 14, 2022, 01:27:44 PM
Imagine being on the same side of an issue as Warren. Scary thought.
Title: Re: politics of crypto (ban that crap)
Post by: sys on April 25, 2022, 07:51:24 PM
https://twitter.com/patdennis/status/1518637225789042688
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on April 25, 2022, 08:57:38 PM
most of them are ponzi schemes though. SBF really laid it out nicely on this weeks Odd Lots.
Title: Re: politics of crypto (ban that crap)
Post by: sys on April 25, 2022, 09:00:39 PM
SBF really laid it out nicely on this weeks Odd Lots.

ooh, nice.
Title: Re: politics of crypto (ban that crap)
Post by: sys on June 13, 2022, 05:01:07 PM
https://twitter.com/tomaskenn/status/1536384371552288769
Title: Re: politics of crypto (ban that crap)
Post by: cfbandyman on June 13, 2022, 05:22:14 PM
https://twitter.com/patdennis/status/1518637225789042688

How did I miss this gem of tweet :love:
Title: Re: politics of crypto (ban that crap)
Post by: Justwin on June 14, 2022, 11:42:04 AM
https://www.theverge.com/2022/6/13/23165731/bitcoin-price-plummet-environment-energy-emissions
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 16, 2022, 06:40:26 AM
what a wonderful old man.

https://twitter.com/TheTranscript_/status/1548261926873927680
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 25, 2022, 09:07:59 PM
i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.

cryptofans have had another year, anyone manage to figure out something besides doing crimes they can use it for yet?

Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 25, 2022, 10:47:24 PM
i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.

cryptofans have had another year, anyone manage to figure out something besides doing crimes they can use it for yet?

Lots of DAOs up and running using tokens. Unless you consider that a "crime" in the sense of avoiding securities laws, but the U.S. government has pretty consciously left that space vacated for the time being I think.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 25, 2022, 11:16:49 PM
Quote from: catastrophe link=topic=42653.msg2155488#msg2155488 date=165880724
Lots of DAOs up and running using tokens.
[/quote

say no more, the utility is obvious.  a dao.  nay, lots of daos.
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on July 25, 2022, 11:25:38 PM
Quote from: catastrophe link=topic=42653.msg2155488#msg2155488 date=165880724
Lots of DAOs up and running using tokens.
[/quote

say no more, the utility is obvious.  a dao.  nay, lots of daos.

My God. What have you done ...
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 25, 2022, 11:32:22 PM
Quote from: catastrophe link=topic=42653.msg2155488#msg2155488 date=165880724
Lots of DAOs up and running using tokens.
[/quote

say no more, the utility is obvious.  a dao.  nay, lots of daos.

I mean I just found out today I've currently got $17 worth of revenue share so far from a cryptocurrency I've been holding in an online game. I thought that was pretty neat.
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on July 26, 2022, 12:10:48 AM
i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.

cryptofans have had another year, anyone manage to figure out something besides doing crimes they can use it for yet?
Sys, if you fell into a vat of extremely sharp legos, I wouldn’t care.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 26, 2022, 07:02:23 AM
I mean I just found out today I've currently got $17 worth of revenue share so far from a cryptocurrency I've been holding in an online game. I thought that was pretty neat.


oh, good.  for a second there i was worried that i might have been wrong to reflexively dismiss the loads of daos running on tokens.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 26, 2022, 07:07:04 AM
My favorite crypto’s billion dollar affiliated company is still being sued by the SEC for breaching securities laws so I’ll have to probably get back to you next year.
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 26, 2022, 07:31:15 AM
i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.

cryptofans have had another year, anyone manage to figure out something besides doing crimes they can use it for yet?
Crimes are big business sys. I wouldn’t dismiss them so flippantly.
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on July 26, 2022, 08:00:11 AM
I mean I just found out today I've currently got $17 worth of revenue share so far from a cryptocurrency I've been holding in an online game. I thought that was pretty neat.


oh, good.  for a second there i was worried that i might have been wrong to reflexively dismiss the loads of daos running on tokens.
I assume your crotchety ass feels the same way about these new “Limited Liability Companies” that have cropped up the last few decades?
Title: Re: politics of crypto (ban that crap)
Post by: dal9 on July 26, 2022, 12:52:29 PM
https://ez.substack.com/p/the-consequences-of-silence?sd=pf
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 26, 2022, 03:50:57 PM
Crimes are big business sys. I wouldn’t dismiss them so flippantly.

i may come off as a bit of a cryptoskeptic at times, but i'm a big believer in the crimes use case.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 26, 2022, 03:52:34 PM
Seems like a bad idea to commit crimes on a public ledger that can’t be erased, but what do I know.
Title: Re: politics of crypto (ban that crap)
Post by: sys on August 29, 2022, 11:23:33 PM
https://twitter.com/binarybits/status/1564268960069160960
Title: Re: politics of crypto (ban that crap)
Post by: sys on September 16, 2022, 08:28:28 PM
https://twitter.com/WealthOrDie/status/1570436147007946758
Title: Re: politics of crypto (ban that crap)
Post by: sys on November 09, 2022, 02:18:06 PM
between ukraine advancing in kherson, magas getting rebuked in the midterms and some crypto dumbass getting his ass handed to him, today's like, a really enjoyable day.

https://twitter.com/smdiehl/status/1590328775992311809

Title: Re: politics of crypto (ban that crap)
Post by: steve dave on November 09, 2022, 02:54:52 PM
between ukraine advancing in kherson, magas getting rebuked in the midterms and some crypto dumbass getting his ass handed to him, today's like, a really enjoyable day.

https://twitter.com/smdiehl/status/1590328775992311809

(https://i.imgflip.com/70611u.jpg)
Title: Re: politics of crypto (ban that crap)
Post by: sys on November 09, 2022, 04:50:06 PM
Quote
it was a house of cards?  wow, i didn't know that.  you're telling me now for the first time.  it was an amazing scam, what else can you say?  it was an amazing scam whether you agree or not.  it was amazing scam that scammed an amazing number of people.  i'm actually sad to hear that.

(https://www.coindesk.com/resizer/oD5ojTK-79jw2uJzPDnZ1KxRN2M=/567x425/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UJH3OSMX6BBT3G7APQIQUIRU2I.jpg)



Title: Re: politics of crypto (ban that crap)
Post by: sys on November 09, 2022, 05:55:36 PM
lol.

https://twitter.com/zebulgar/status/1590394857474109441
Title: Re: politics of crypto (ban that crap)
Post by: mocat on November 09, 2022, 06:26:03 PM


between ukraine advancing in kherson, magas getting rebuked in the midterms and some crypto dumbass getting his ass handed to him, today's like, a really enjoyable day.

yes!
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on November 09, 2022, 09:02:08 PM
https://twitter.com/watcherguru/status/1590506447493742594


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Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on November 13, 2022, 06:31:17 PM
Grifters attract grifters

(https://i.ibb.co/NjJmrMd/sbf-and-clinton1.jpg)
Title: Re: politics of crypto (ban that crap)
Post by: sys on November 14, 2022, 12:40:26 AM
finally got around to listening to the bankman-fried odd lots episode, and holy crap.
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on November 14, 2022, 04:26:34 AM
finally got around to listening to the bankman-fried odd lots episode, and holy crap.
Yes


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Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on November 17, 2022, 11:14:01 AM
Reads like a really good place to launder money through . . .

 "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here." . . . "from compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented."

John Ray III, Bankruptcy Court Liquidator (who handled Enron)

The next question is . . . who gets Epstein'ed??

Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on November 17, 2022, 11:52:34 AM
Good thing the SEC left FTX alone while they sued one of the only legit crypto companies in the US.
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on November 17, 2022, 11:53:46 AM
Could there have been some political operatives looking out for FTX, WW?
Title: Re: politics of crypto (ban that crap)
Post by: star seed 7 on November 17, 2022, 11:55:29 AM
Lol, I was wondering how long it would take dax to bring this theory to gE
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on November 17, 2022, 11:57:30 AM
Could there have been some political operatives looking out for FTX, WW?

Not sure but Ripple sure as crap greased the wheels of both political parties and still got the horns.
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on November 17, 2022, 11:59:17 AM
Looks like we've got the makings of another Starbot meltdown.  Stay tuned

Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on November 17, 2022, 12:00:24 PM
Could there have been some political operatives looking out for FTX, WW?

Not sure but Ripple sure as crap greased the wheels of both political parties and still got the horns.

Yep, and unlike some hyper partisan posters on here, my post was purely political party agnostic.

Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on November 18, 2022, 08:41:23 AM
https://fortune.com/crypto/2022/11/15/politicians-sam-bankman-fried-donations-ftx-charity/

(https://i0.wp.com/thepavlovictoday.com/wp-content/uploads/2021/12/Sam-Bankman-Fried-and-Maxine-Waters.jpg?resize=780%2C585&ssl=1)
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on November 28, 2022, 02:38:00 PM
lmao

https://twitter.com/luke_metro/status/1597271103839555587
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on November 28, 2022, 03:18:39 PM
Damn that’s funny crap
Title: Re: politics of crypto (ban that crap)
Post by: sys on December 12, 2022, 11:50:09 PM
ladies and gentlemen, we got him.
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 13, 2022, 02:14:22 PM
Not blowing kisses this time?

https://twitter.com/catchupnetwork/status/1602753983222644736?s=46&t=d5gCozO0LTQ_0-n0lsiEOA
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on December 13, 2022, 02:27:52 PM
Nothing to see here
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on December 13, 2022, 02:37:56 PM
She whips ass at this

https://twitter.com/cspan/status/1602736985172430849


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Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 13, 2022, 03:43:45 PM
#blueanongE stands firm with their crypto grifters
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on December 13, 2022, 03:51:11 PM
#blueanongE stands firm with their crypto grifters
wut


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Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on December 13, 2022, 03:51:55 PM
I'd be surprised if Dax even knows how to send BTC between wallets.
Title: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 13, 2022, 05:04:10 PM
I invest on the periphery of bitcoin. Not in bitcoin itself. But if you nuts want to keep it up, I’ll  gladly keep investing in the infrastructure and related entities and funds that drive your lunacy.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on December 13, 2022, 05:08:20 PM
What is the periphery of bitcoin?  Bitconnect sure was…
Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on December 13, 2022, 05:23:08 PM
I invest on the periphery of bitcoin. Not in bitcoin itself. But if you nuts want to keep it up, I’ll  gladly keep investing in the infrastructure and related entities and funds that drive your lunacy.

you mean like cryptofarm datacenters?
Title: Re: politics of crypto (ban that crap)
Post by: star seed 7 on December 13, 2022, 05:26:10 PM
What is the periphery of bitcoin?  Bitconnect sure was…

Maybe he means buying Nvidia stock?
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 13, 2022, 05:28:31 PM
I discussed this awhile back in the bitcoin thread.
Title: Re: politics of crypto (ban that crap)
Post by: sys on December 13, 2022, 06:55:59 PM
 :love:

https://twitter.com/YahooFinance/status/1602762184257204224
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 14, 2022, 12:21:19 AM
FTX is (new) peak #blueanon.

To literally be described as many many times worse than Enron from a management and fiscal control perspective by a person who would absolutely know.

Title: Re: politics of crypto (ban that crap)
Post by: steve dave on December 14, 2022, 07:41:30 AM
lmao, astounding pivot

https://twitter.com/freebeacon/status/1603016477783003137?s=46&t=iQNXRr7R7BO2bNQDdB1MqA


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Title: Re: politics of crypto (ban that crap)
Post by: star seed 7 on December 14, 2022, 07:42:20 AM
Lol
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on December 14, 2022, 09:13:30 AM
The guy who pens the headlines for the NYPost better have told everyone to not bother him until after new years and left the office after writing this absolute banger. Take some well deserved time off king.


(https://uploads.tapatalk-cdn.com/20221214/c1aed08721dba8665a6066041e9c8cc6.jpg)


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Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 14, 2022, 09:29:15 AM
#blueanongE still standing tall for their movements crypto grifters
Title: Re: politics of crypto (ban that crap)
Post by: Trim on December 14, 2022, 11:01:54 AM
:lol:
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on December 14, 2022, 11:47:26 AM
Must be the republicans that didn’t receive “dark” money donations from SBF
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 14, 2022, 12:06:23 PM
Absolutely pathetic to watch our alleged White House spokesperson invoke the Hatch Act when she was asked a general non politician specific/non party specific question about the President's thoughts about giving all FTX contributions back across the entire political spectrum of these United States.

A tapout that even the resident tapout usual's can look upon in awe



Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on January 16, 2023, 08:09:17 PM
The disclosure could say a lot about one or both sides of the aisles.

https://mobile.reuters.com/news/picture/major-media-want-to-know-who-guaranteed-idUSKBN2TR1PW
Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on January 16, 2023, 10:32:09 PM
Sure seems to me like that type of information should be public.
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on January 17, 2023, 07:26:34 AM
Sure seems to me like that type of information should be public.
Yes, wild that it can be private


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Title: Re: politics of crypto (ban that crap)
Post by: steve dave on January 17, 2023, 07:30:30 AM
Who we thinkin'? Sequoia? Softbank? Tiger Global? O'Leary (lmao)?
Title: Re: politics of crypto (ban that crap)
Post by: sys on January 17, 2023, 07:41:15 AM
Who we thinkin'? Sequoia? Softbank? Tiger Global? O'Leary (lmao)?

sam bankman-fried.
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on January 20, 2023, 02:01:07 PM
Oh goodness . . . grifters were pushing the grift


https://web.archive.org/web/20220613111008/https://www.weforum.org/organizations/ftx
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on February 12, 2023, 07:14:26 AM
DOWN BAD

https://twitter.com/kevinolearytv/status/1624463778531115010?s=46&t=3VTSAGxvomtUyLBzEiKbxg


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Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on February 12, 2023, 09:08:08 AM
He sounds like one of those people who live in a van.
Title: Re: politics of crypto (ban that crap)
Post by: Dugout DickStone on February 12, 2023, 09:19:32 AM
What is going on there?
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on February 12, 2023, 09:30:16 AM
Looks like ole Kev isn’t getting any clawback on his FTX money
Title: Re: politics of crypto (ban that crap)
Post by: Dugout DickStone on February 12, 2023, 09:45:26 AM
So is he trying to get everyone to buy something from him even if it will make their entire family despise them?
Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on February 12, 2023, 09:51:08 AM
I think he’s trying to give himself permission
Title: Re: politics of crypto (ban that crap)
Post by: Dugout DickStone on February 12, 2023, 10:01:00 AM
I think he’s trying to give himself permission

F'ing legend
Title: Re: politics of crypto (ban that crap)
Post by: Trim on February 17, 2023, 05:16:28 PM
https://www.sportico.com/law/news/2023/paul-pierce-sec-penalty-crypto-endorsement-violation-1234710192
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on February 23, 2023, 10:23:15 AM
(https://i.ibb.co/pxGpCTD/SBF.jpg)

The World Economic Forum's (once) favorite cryptogrifter is in a whole heap a trouble

https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.80.0.pdf
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on March 10, 2023, 11:12:36 PM
SVB - Continuously ranked as one of the best banks in America by Forbes. 

The World Economic Forum strongly recommends FTX.

https://decrypt.co/123197/silicon-valley-banks-crypto-extinction-level-tech-startup-turmoil?amp=1
Title: Re: politics of crypto (ban that crap)
Post by: sys on April 11, 2023, 10:32:49 PM
https://twitter.com/RiotPlatforms/status/1645473961004892162
Title: Re: politics of crypto (ban that crap)
Post by: Tobias on April 11, 2023, 10:38:03 PM
looks like the #science is settled
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on April 11, 2023, 10:40:57 PM
lol
Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on April 11, 2023, 10:45:05 PM
Refreshing to know that this bitcoin farm runs on electricity and not fuel-burning generators
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on April 11, 2023, 10:46:33 PM
Refreshing to know that this bitcoin farm runs on electricity and not fuel-burning generators

I think it runs on the O2 generated by those sparse weeds growing in the flatland desert surrounding the facility.
Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on April 11, 2023, 10:49:58 PM
Refreshing to know that this bitcoin farm runs on electricity and not fuel-burning generators

I think it runs on the CO2 generated by those sparse weeds growing in the flatland desert surrounding the facility.

Perhaps an unintended consequence…but that guy makes me want to go Rockdale TX to see if it makes the pantheon of “places with the freshest air I’ve ever breathed”
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on April 11, 2023, 10:56:09 PM
Refreshing to know that this bitcoin farm runs on electricity and not fuel-burning generators

I think it runs on the CO2 generated by those sparse weeds growing in the flatland desert surrounding the facility.

Perhaps an unintended consequence…but that guy makes me want to go Rockdale TX to see if it makes the pantheon of “places with the freshest air I’ve ever breathed”

It's about halfway between College Station and Austin, or as we Central Texans call it, the Fertile Crescent.
Title: Re: politics of crypto (ban that crap)
Post by: michigancat on April 12, 2023, 05:24:06 AM
Lol I thought that was an April Fool's gag or something
Title: Re: politics of crypto (ban that crap)
Post by: MakeItRain on April 12, 2023, 11:02:41 AM
Good to see that they are absolutely getting dragged all over those replies. That is just savvy enough for the uninformed to fall for it. I think their thought process was to put that out then the crypto bros would overwhelm the replies. Pretty much the formula for misinformation these days.
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on April 18, 2023, 04:01:59 PM
Can you say shots fired anymore?  Or no??  Need a ruling from #blueanongE

https://www.coindesk.com/consensus-magazine/2023/04/11/the-new-york-times-skewed-bitcoin-mining-expose-reveals-blatant-bias/
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on April 19, 2023, 10:04:51 AM
Can you say shots fired anymore?  Or no??  Need a ruling from #blueanongE

https://www.coindesk.com/consensus-magazine/2023/04/11/the-new-york-times-skewed-bitcoin-mining-expose-reveals-blatant-bias/
Was wondering where your sudden crypto pivot was coming from

https://twitter.com/watcherguru/status/1648703604650287108?s=46&t=odWzhuZU7P443NcVwlC1iQ


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Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on April 27, 2023, 12:29:16 PM
https://twitter.com/BillyM2k/status/1641698537506476033?s=20
Title: Re: politics of crypto (ban that crap)
Post by: dal9 on April 27, 2023, 12:52:56 PM
hard time believing that Riot reply is real
Title: Re: politics of crypto (ban that crap)
Post by: sys on April 27, 2023, 04:44:08 PM
reporting for duty, generalissima warren.
Title: Re: politics of crypto (ban that crap)
Post by: sys on June 12, 2023, 07:25:44 PM
what a lovely technology.

https://twitter.com/dnvolz/status/1667890297794183172
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on June 12, 2023, 07:28:31 PM
what a lovely technology.

https://twitter.com/dnvolz/status/1667890297794183172
Cash is used for the same thing yet you use it every day without batting an eye.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on June 12, 2023, 07:33:34 PM
Well if chainanalysis says it’s true…
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on June 12, 2023, 08:38:42 PM
A grifters grifter who mainly (but not exclusively) glad handed and was praised by #blueanon political leaders, including some generational #blueanon political grifters. 

Also a one time darling of the WEF (hookers and blow optional)

https://twitter.com/betterpitchguy/status/1668263554691088390?s=46&t=-jwPwnR3rKHM9sk9hA7h8g
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on June 12, 2023, 09:30:57 PM
The Williams Educational Fund strikes again. Roy left in 2003. They should've changed the name long ago.
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on June 13, 2023, 07:26:25 AM
BlogKaren bringing the Phogistan dad jokes hard
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 10, 2023, 11:27:55 PM
i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.

cryptofans have had another year, anyone manage to figure out something besides doing crimes they can use it for yet?

well another year has come and gone, i'm sure our brightest minds have come up with tons of great new uses for cryptocurrency...

oh, wait, this is very surprising, but it seems it's still nothing but crime and selling it to even dumber asses.
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on July 10, 2023, 11:43:40 PM
i think we'll be able to manage without a technology that requires a small steam engine to record a simple transaction.  as my new best friend pinboard said, this crap has been around for over a decade.  if anyone was going to figure out something useful it could do, they'd have done so by now.

cryptofans have had another year, anyone manage to figure out something besides doing crimes they can use it for yet?

well another year has come and gone, i'm sure our brightest minds have come up with tons of great new uses for cryptocurrency...

oh, wait, this is very surprising, but it seems it's still nothing but crime and selling it to even dumber asses.
If you STILL are this stupid and don’t understand when the CEO of the largest investment fund in the world is changing his tune, well, then you’re just pretty rough ridin' stupid.

https://twitter.com/saylor/status/1676687611379826688
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 11, 2023, 10:15:16 AM
he stated pretty clearly that his use is selling it to dumbasses.  that's a well established use, not a new one.
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on July 11, 2023, 10:17:10 AM
yeah, hoping it goes up because of scarcity really isn't a use case. but, irl, I hope it goes up.
Title: Re: politics of crypto (ban that crap)
Post by: wetwillie on July 11, 2023, 11:08:30 AM
@sys do you ever send money cross border or know anyone who does so regularly? XRP is/was supposed to be able to instantly settle those type of transactions much more cost efficiently than what exists today. I’ve never done it so not sure how much is left to be desired by current cross border payment solutions.
Title: Re: politics of crypto (ban that crap)
Post by: sys on July 11, 2023, 12:07:46 PM
@sys do you ever send money cross border or know anyone who does so regularly? XRP is/was supposed to be able to instantly settle those type of transactions much more cost efficiently than what exists today. I’ve never done it so not sure how much is left to be desired by current cross border payment solutions.

yeah, i use xe.  it's not very fast, but at least when i looked into it they had some of the best exchange rates, which was of more interest to me.

i haven't compared since i started using them, so i don't know if they still have the best rates.  i don't think it's really a matter of efficiency, just competition between those who offer the service determining how much money they can keep for themselves.
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on July 28, 2023, 12:05:23 AM
This thread is the dumpster of any serious talk about this subject. I saw this and knew it belonged here. “ETH is anti-American” :lol: :lol: :lol:

I’d hide my face too holding up a sign like that.

https://twitter.com/shadysolana/status/1684577936383574018
Title: Re: politics of crypto (ban that crap)
Post by: IPA4Me on July 28, 2023, 06:19:53 AM
It's all a scam but I love trading MARA & COIN options.
Title: Re: politics of crypto (ban that crap)
Post by: sys on August 10, 2023, 12:20:25 AM
https://twitter.com/SMTuffy/status/1689183822443601920
Title: Re: politics of crypto (ban that crap)
Post by: steve dave on August 16, 2023, 02:56:40 PM
of course

https://twitter.com/WatcherGuru/status/1691901312588230745
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on September 19, 2023, 05:21:09 PM
Never Forget
(https://pbs.twimg.com/media/F6ASTRnXkAADl1g?format=jpg&name=large)  (https://pbs.twimg.com/media/F6ASjPMW4AAiQmU?format=png&name=900x900) (https://pbs.twimg.com/media/FhVWfIxXoAEC1Si?format=jpg&name=small)

Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on October 24, 2023, 10:16:17 AM
When you've saddled up and rode herd with THE MAN, and THE MAN DNGAF

https://cointelegraph.com/news/irs-proposes-unprecedented-data-collection-crypto-users
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on December 30, 2023, 11:28:20 AM
Yep, the public interest

https://www.reuters.com/legal/sam-bankman-fried-will-not-face-second-trial-us-prosecutors-say-2023-12-29/


(https://uploads.tapatalk-cdn.com/20231230/a1960e824efdb586a50305855c9e8e09.jpg)
Title: Re: politics of crypto (ban that crap)
Post by: DaBigTrain on January 27, 2024, 09:18:04 AM
Yep, def need to ban it. Idiots(sys).

https://twitter.com/documentingbtc/status/1751037490163859581
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on January 27, 2024, 09:20:35 AM
“Could” in these instances never becomes reality


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Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on March 28, 2024, 09:00:14 AM
#blueanon's most favored bitcoin grifter to be sentenced for fraud today

Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on March 28, 2024, 11:06:23 AM
25 years. Looking forward to Dax letting us know where this lands on the "friends with Democrats" scale?
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on March 28, 2024, 11:47:01 AM
‘unprecedented failure’ . . . words uttered by a court appointed overseer of FTX who goes all the way back to Enron.

Are you really going to take a victory lap for your justice department, cat. I mean  :lol: :lol:

Edit:

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.





Title: Re: politics of crypto (ban that crap)
Post by: catastrophe on March 28, 2024, 12:02:37 PM
‘unprecedented failure’ . . . words uttered by a court appointed overseer of FTX who goes all the way back to Enron.

Are you really going to take a victory lap for your justice department, cat. I mean  :lol: :lol:

Edit:

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

Makes sense. Thanks.
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on March 28, 2024, 12:23:11 PM
‘unprecedented failure’ . . . words uttered by a court appointed overseer of FTX who goes all the way back to Enron.

Are you really going to take a victory lap for your justice department, cat. I mean  :lol: :lol:

Edit:

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

Makes sense. Thanks.

You think you're making peace by agreeing with dax. You fool!!!
Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on March 28, 2024, 03:23:58 PM
25 years. Looking forward to Dax letting us know where this lands on the "friends with Democrats" scale?

Sentence: time served
Dax: #blueanon membership has its privileges

Sentence: 25 years
Dax: #blueanon membership has its privileges

Sentence: death
Dax: #blueanon membership has its privileges
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on March 28, 2024, 08:50:19 PM
What a dumb post by BAC, as usual


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Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on March 28, 2024, 09:01:46 PM
They’re not all going to be haymakers (but a lot of them are it’s amazing you’re still on your feet)
Title: Re: politics of crypto (ban that crap)
Post by: Spracne on March 28, 2024, 09:04:20 PM
They’re not all going to be haymakers (but a lot of them are it’s amazing you’re still on your feet)

"You never got me down, BAC .... You never got me down!"

FWIW, I enjoyed your post, brother.
Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on March 28, 2024, 09:26:07 PM
They’re not all going to be haymakers (but a lot of them are it’s amazing you’re still on your feet)

"You never got me down, BAC .... You never got me down!"

FWIW, I enjoyed your post, brother.

Appreciate your support, my friend!
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on March 28, 2024, 10:01:33 PM
They’re not all going to be haymakers (but a lot of them are it’s amazing you’re still on your feet)
The unilaterally declared haymaker from the master of frontier gibberish . . . is something

Stacked on top of Sam being the darling of #blueanon political and thought leaders as documented in this thread

BAC: Always 3 or 4 laps down and now seeking self esteem support from #blogkaren

Sad #frown


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Title: Re: politics of crypto (ban that crap)
Post by: BIG APPLE CAT on March 28, 2024, 10:53:37 PM
They’re not all going to be haymakers (but a lot of them are it’s amazing you’re still on your feet)
The unilaterally declared haymaker from the master of frontier gibberish . . . is something

Stacked on top of Sam being the darling of #blueanon political and thought leaders as documented in this thread

BAC: Always 3 or 4 laps down and now seeking self esteem support from #blogkaren

Sad #frown


Sent from my iPhone using Tapatalk

Some people are just nice to each other. You should give it a shot if you are able to take some time out of your busy schedule of being a total shitbeast 24/7/365
Title: Re: politics of crypto (ban that crap)
Post by: sonofdaxjones on March 28, 2024, 10:58:44 PM
They’re not all going to be haymakers (but a lot of them are it’s amazing you’re still on your feet)
The unilaterally declared haymaker from the master of frontier gibberish . . . is something

Stacked on top of Sam being the darling of #blueanon political and thought leaders as documented in this thread

BAC: Always 3 or 4 laps down and now seeking self esteem support from #blogkaren

Sad #frown


Sent from my iPhone using Tapatalk

Some people are just nice to each other. You should give it a shot if you are able to take some time out of your busy schedule of being a total shitbeast 24/7/365
There’s no reason to rage out like this.

No need to get mad when you’re called out for persistently trying to cover for your movement being total shitbags


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