well, fuck
Blockchain-powered carbon offset company Land Life starts 35,000-acre forest fire in SpainJuly 20, 2022https://t.co/LRLNmv1QGs pic.twitter.com/EJ3GfmLia0— web3 is going just great (@web3isgreat) July 20, 2022
― built like a kit malthouse (bizarro gazzara), Thursday, 21 July 2022 17:30 (two years ago) link
be nice if this thread was easier to find 😡
― mark s, Tuesday, 2 August 2022 13:53 (two years ago) link
anyway this is a high comedy of code-is-now-law:
12/ tl;dr a routine upgrade marked the zero hash as a valid root, which had the effect of allowing messages to be spoofed on Nomad. Attackers abused this to copy/paste transactions and quickly drained the bridge in a frenzied free-for-all— samczsun (@samczsun) August 2, 2022
― mark s, Tuesday, 2 August 2022 13:54 (two years ago) link
im sure ive said this itt before but the the whole blockchain smart contract thing is pretty funny in that it makes the popular misunderstanding of a contract real, that its a bulletproof literal document where you can trick someone with fine print and once its signed youre stuck without recourse, and now theyre finding out why contracts dont actually work that way lol
― lag∞n, Tuesday, 2 August 2022 14:10 (two years ago) link
does that nomad behavior even count as a vulnerability/hack? it's like they said, "we don't care who people say they are". it's on the level of finding a bug in javascript code written by a teenager to trade magic cards.
― formerly abanana (dat), Tuesday, 2 August 2022 16:02 (two years ago) link
― lag∞n, Tuesday, August 2, 2022 9:10 AM (three hours ago) bookmarkflaglink
No more hilarious/disturbing example of this misunderstanding than the blockchain "consent" app posted somewhere upthread. Inefficient processes have a certain benefit. Not going to say nothing could be done with technology to improve them, but you really don't want these transactions (contracts, title transfers etc) to be instant/automatic.
― longtime caller, first time listener (man alive), Tuesday, 2 August 2022 17:15 (two years ago) link
Friedman LLP fired Tether.Tether refused to provide the necessary documents to complete the audit.— Bitfinex’ed 🔥 Κασσάνδρα 🏺 (@Bitfinexed) August 18, 2022
― lag∞n, Thursday, 18 August 2022 16:08 (two years ago) link
https://pbs.twimg.com/media/FaLl8HLXkAAQg1R?format=jpg&name=medium
― lag∞n, Thursday, 18 August 2022 16:09 (two years ago) link
HUSD was once one of the safest stablecoins. Now it's off its peg. If HUSD doesn't return to $1, it'd be the first fully-reserved centralized stablecoin to fail. pic.twitter.com/9WmROQR6lD— John Paul Koning (@jp_koning) August 18, 2022
― lag∞n, Thursday, 18 August 2022 18:12 (two years ago) link
tether thing makes me a little queasy. Just has that iceberg vibe to it.
― longtime caller, first time listener (man alive), Thursday, 18 August 2022 20:05 (two years ago) link
oh yeah its gonna fuck their whole shit up
― lag∞n, Thursday, 18 August 2022 20:21 (two years ago) link
OptiFi developer accidentally closes the project contract, irretrievably locking $661,000August 29, 2022https://t.co/U9Vhtf3Ynw pic.twitter.com/4tWQnUDG6M— web3 is going just great (@web3isgreat) August 30, 2022
― lag∞n, Tuesday, 30 August 2022 13:41 (two years ago) link
buy 76.99 ETH, sell 24 hours later for 769.9 ETHinstant $1m "clean" moneylet none say "glaringly obvious monkey laundering"https://t.co/eMdzBefwML— your #1 source for absurdist true crime 🐍👑 🌷 (@davidgerard) September 1, 2022
― lag∞n, Thursday, 1 September 2022 18:49 (two years ago) link
yes, please let NFTs now be referred to solely as "monkey laundering"
― link.exposing.politically (Camaraderie at Arms Length), Thursday, 1 September 2022 19:00 (two years ago) link
otm, brilliant
― Tracer Hand, Thursday, 1 September 2022 19:40 (two years ago) link
#Bitcoin is dying pic.twitter.com/2N58QjudNO— Bitcoin Magazine (@BitcoinMagazine) September 4, 2022
#Bitcoin 1-year trailing return has been a good indicator of bottoms. According to this, the bottom is not in yet, but might likely be before the end of this year. 2023 looks like a rebound year in many respects. pic.twitter.com/8kfTBVAHqS— Timothy Peterson (@nsquaredmacro) September 3, 2022
Yes 2024 will be good! #BTC pic.twitter.com/2kTiLI3RZ4— Seth (@seth_fin) September 4, 2022
― lag∞n, Sunday, 4 September 2022 18:34 (two years ago) link
seems like a great experience!
Introducing Starbucks Odyssey, a new experience that will offer the ability to earn & buy digital collectibles (NFTs) that will unlock access to new coffee experiences. Join the waitlist to be among the first to explore Odyssey. https://t.co/Kze11sab1D— Starbucks News (@StarbucksNews) September 12, 2022
― lag∞n, Monday, 12 September 2022 22:15 (two years ago) link
This reminds me a lot of that pre-crash era of the web where every corporate brand suddenly understood that they "needed a website" but had no idea wtf to do with it
― longtime caller, first time listener (man alive), Tuesday, 13 September 2022 13:07 (two years ago) link
pretty funny that the web3/nft boom was short enough that the corporate products werent even out before the crash
― lag∞n, Tuesday, 13 September 2022 13:22 (two years ago) link
lol yeah, that was probably in development for like 15 months and then they're like "oh fuck, what do we do with this now?"
― longtime caller, first time listener (man alive), Tuesday, 13 September 2022 13:25 (two years ago) link
figuring out how to trade in your nft for a free coffee before youve had coffee
― lag∞n, Tuesday, 13 September 2022 13:27 (two years ago) link
obviously this is just a huge company with unlimited money splashing around but why did starbucks feel like they needed to be first to market with digital customer rewards collectables theyre a coffee company i think they can afford to wait and see if its just some bullshit craze and or money laundering scheme
― lag∞n, Tuesday, 13 September 2022 13:30 (two years ago) link
dunkin donuts did not do this they stuck to their core competency of figuring out how many sugars you can put in an xxl coffee
― lag∞n, Tuesday, 13 September 2022 13:31 (two years ago) link
are these actual nfts is this "crypto" or is it just some badges living on starbucks servers
Limited-edition stamps will also be available for all members to purchase directly with a credit card in the app.No crypto wallet or cryptocurrency needed. This is the right strategy. Crypto complexity should all be abstracted away in the backend.— Aylo (@alpha_pls) September 12, 2022
― lag∞n, Tuesday, 13 September 2022 13:38 (two years ago) link
Members can also purchase ‘limited-edition stamps’ (NFTs) through a built-in marketplace within the Starbucks Odyssey web app experience. Limited-edition stamps will be available for all members to purchase directly with a credit card. No crypto wallet or cryptocurrency will be required – making the Starbucks Odyssey experience a fun and easy way for members to access this new technology and claim an ownership stake in their loyalty to Starbucks.
Each digital collectable stamp will include a point value based on its rarity, and the stamps can be bought or sold among members within the marketplace, with ownership secured on a blockchain. As stamps are collected, members’ points will increase, unlocking access to unique benefits and experiences that have never been offered before. These experiences could range from a virtual espresso martini-making class, to access to unique merchandise and artist collaborations, to invitations to exclusive events at Starbucks Reserve Roasteries or even trips to Starbucks Hacienda Alsacia coffee farm in Costa Rica.
― lag∞n, Tuesday, 13 September 2022 13:44 (two years ago) link
go ahead folks keep mocking this as you continue to live out the same coffee experiences every single day of your life
― frogbs, Tuesday, 13 September 2022 13:48 (two years ago) link
I tried to sign up but the waiting list wouldn’t load.
― Jeff, Tuesday, 13 September 2022 13:54 (two years ago) link
Wait, it just worked! Have fun staying coffee pour.
― Jeff, Tuesday, 13 September 2022 13:55 (two years ago) link
lol kudos
― lag∞n, Tuesday, 13 September 2022 13:58 (two years ago) link
No crypto wallet or cryptocurrency will be required – making the Starbucks Odyssey experience a fun and easy way for members to access this new technology and claim an ownership stake in their loyalty to Starbucks.This part is especially funny/cruel
― Karl Malone, Tuesday, 13 September 2022 14:04 (two years ago) link
Proof of loyalty to Starbucks stake, perpetually coming soon
― Karl Malone, Tuesday, 13 September 2022 14:05 (two years ago) link
this is really one of the best corporate brain documents weve seen in a while
― lag∞n, Tuesday, 13 September 2022 14:05 (two years ago) link
I use Duolingo. There are badges on there. I collect then because I am a freak in the language learning sheets. If Duolingo records the status of my badges on a blockchain, does that make it as much of a NFT proof of loyalty to Duolingo than the Starbucks system? Or will the Starbucks investor loyalty team be able to also trade in 40 badges + $40 to be included in a list of 32,000 names that scroll by in an instant at the end of the new online only Starbucks advertisement? Because I want that badly
― Karl Malone, Tuesday, 13 September 2022 14:09 (two years ago) link
I want my name to scroll in the credits, size venti please
― Karl Malone, Tuesday, 13 September 2022 14:10 (two years ago) link
all wishes granted in web3
― lag∞n, Tuesday, 13 September 2022 14:12 (two years ago) link
seem pretty clear this isnt "real blockchain" "real nft" and why would it be starbucks doesnt want some freak putting kiddie porn into their beautiful and fulfilling customer rewards app
― lag∞n, Tuesday, 13 September 2022 14:14 (two years ago) link
like theyre probably "using blockchain tech" but they control it totally and theres no way to move any of the assets outside their system
― lag∞n, Tuesday, 13 September 2022 14:16 (two years ago) link
or maybe its not "really a blockchain" its just a normal database and app that would be the funniest
― lag∞n, Tuesday, 13 September 2022 14:17 (two years ago) link
are they "publishing to an immutable ledger" and is it publicly readable
― lag∞n, Tuesday, 13 September 2022 14:18 (two years ago) link
all the crypto brethren are stoked on this regardless because theyre all just trying to get rich and hope this will legitimize their technology that is exclusively used for fraud
― lag∞n, Tuesday, 13 September 2022 14:20 (two years ago) link
love abstracting things away in the backend
― mookieproof, Tuesday, 13 September 2022 14:55 (two years ago) link
heh
― lag∞n, Tuesday, 13 September 2022 15:17 (two years ago) link
― lag∞n, Tuesday, September 13, 2022 8:30 AM (four hours ago) bookmarkflaglink
I think Starbucks is publicly held but, outside of the franchise/kiosk/merchandising bit, they don't have any other corporate holdings
publicly held corporations have to continually demonstrate some sort of... thing.. to shareholders every year (or even every quarter) to show that they're chasing after some new profit margin, or incentivizing customers to spend more money. if there are multiple properties (Dunkin is part of a group with Baskin Robbins and some other donut chain) you can keep rebalancing between the properties to show you're doing something, but if you're a single-brand property you end up doing loopy shit so that some stock market analyst doesn't underrate your stock. as far as I can tell, stock market analysts are 50% metrics and 50% complete hype
― mh, Tuesday, 13 September 2022 17:55 (two years ago) link
they shouldve done something else! injectable coffee idk coffee for babies those are two superior ideas i came up with just now
― lag∞n, Tuesday, 13 September 2022 17:58 (two years ago) link
― mookieproof, Tuesday, September 13, 2022 3:55 PM (three hours ago) bookmarkflaglink
agree
― (grim) pump track (wales) (map), Tuesday, 13 September 2022 18:21 (two years ago) link
totally normal
https://pbs.twimg.com/media/FdO4ewEXkAEqHJ_?format=jpg&name=900x900
― lag∞n, Thursday, 22 September 2022 11:17 (one year ago) link
Ah yes, % Drawdown from previous ATH, that universally-respected measurement of value.
― link.exposing.politically (Camaraderie at Arms Length), Thursday, 22 September 2022 11:34 (one year ago) link
When I was at sixth form my friend did an A-level stats project to show Birmingham city were the best football team, he settled on "highest average match attendance compared to average for their tier, in the top 4 tiers of English football"
― link.exposing.politically (Camaraderie at Arms Length), Thursday, 22 September 2022 11:37 (one year ago) link
did he factor in the "Jasper Carrot Fandom Quotient"?
― Critique of the Goth Programme (Neil S), Thursday, 22 September 2022 12:17 (one year ago) link
Does anyone who knows stuff have a comment on ethereum’s shift to proof of stake, which seems to have worked (?) and how that might affect the other shitcoins?
― Karl Malone, Thursday, 22 September 2022 14:25 (one year ago) link