bit¢oin$

Proof of loyalty to Starbucks stake, perpetually coming soon

this is really one of the best corporate brain documents weve seen in a while

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

I want my name to scroll in the credits, size venti please

all wishes granted in web3

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

like theyre probably "using blockchain tech" but they control it totally and theres no way to move any of the assets outside their system

or maybe its not "really a blockchain" its just a normal database and app that would be the funniest

are they "publishing to an immutable ledger" and is it publicly readable

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

love abstracting things away in the backend

heh

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, 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

they shouldve done something else! injectable coffee idk coffee for babies those are two superior ideas i came up with just now

love abstracting things away in the backend

― mookieproof, Tuesday, September 13, 2022 3:55 PM (three hours ago) bookmarkflaglink

agree

totally normal

https://pbs.twimg.com/media/FdO4ewEXkAEqHJ_?format=jpg&name=900x900

Ah yes, % Drawdown from previous ATH, that universally-respected measurement of value.

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"

did he factor in the "Jasper Carrot Fandom Quotient"?

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?

yikes

"The Commission defines the Ooki DAO unincorporated association as those holders of Ooki tokens that have voted on governance proposals with respect to running the business"

If you are an Ooki token holder who voted on governance proposals you just got charged... https://t.co/eqek0aD3wU

— db (@tier10k) September 22, 2022

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, September 22, 2022 10:25 AM (seven hours ago) bookmarkflaglink

there are so many arcane almost occult questions around this stuff but this is a kind of interesting regulatory detail, one that apparently a lot of people were warning about before the switch, also my understanding is ethereum still has a number of more steps before the switch is fully complete, and itll prob take time to see if its "working", but they are actually as of now no longer consuming enough electricity to power a mid sized country which is certainly good news

Hours after Ethereum transition to proof-of-stake, SEC Chair says PoS crypto could be classed as securities

September 15, 2022https://t.co/wSut0OP8hc pic.twitter.com/PUBOW3ydAS

— web3 is going just great (@web3isgreat) September 17, 2022

if proof of stake coins get classified as securities but proof of work ones dont then it seems pretty unlikely other coins will switch over, i guess the logic is that theres more cooperation between parties in the POS system

the ol say youre doing one thing then do another gambit

.@SBF_FTX has built a reputation as a crypto white knight, saving struggling firms through massive investment. But is this true?https://t.co/WyMcBI977D

— Protos (@Protos) October 15, 2022

huge crypto feature by matt levine https://www.bloomberg.com/features/2022-the-crypto-story/

ive only started it but its probably very good

very adam curtis-like video intro at the top

DISTRUST
TRUST
SATOSHI
MINING
BLOCKS
KEYS
WALLETS
CONTRACTS
NFTS
BOOMS
WINTER
PONZIS

thank you for the head's up, i'm going to chip away at it today.

lol true xp

*tips cap*

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iW7vesxsTfGU/v0/3000x-1.jpg

oh no the text is gone lol

https://i.imgur.com/Cbfswzh.png

YES

Exercise for the reader: I have included some hashes of some texts in this article, and I have talked about the hash of this article, but I haven’t included the hash of this article in the article. Why not? (Believe me, I wanted to.)

beats me.

in general you can't include the hash in the thing you're hashing

if you do, it changes the hash. and finding a an article/hash for which that's not true is computationally infeasible.

of course. a nice logic puzzle, I gave in too easily.

i'm doing my best here but if bloomberg matt tells me one more time that finance is cool i'm gonna blow my lid

ive made peace with matts blase finance guy attitude and even come to see at as an aspect of his art, which is obviously giving him too much credit lol hes just actually a finance guy its not that deep

I’ve come to terms with Matt as well. I’m a little disappointed that he some stuff doesn’t concern him more than it does, but at least he’s honest about it. I just want him to stop calling finance cool. That’s over the line

he finds it interesting which is fair i find it interesting too, but also i hate it, he likes it which is obvs a character flaw, but he pays penance by explaining it to me

im curious to see how deep hes gonna got on the market manipulation aspect of bitcoin here, the possibility that its all totally fake

Society has mechanisms—capitalism, politics, etc.—to allocate resources, with a rough heuristic of: “The more good stuff you do for society, the more good stuff you get for yourself.”

um...

weird conclusion as well, which goes against the tone of the rest of the article where he's a wide eyed fan boy about the 'cool' financial stuff but sceptical about real world applications.

i mean he's writing for bloomberg, i guess he can't just pedal-to-the-metal on "you love the market you get the hose"

if you are a regular reader of his column the whole piece, including the conclusion, is vmic

BREAKING: FTX appears to have stopped processing withdrawals, on-chain data showhttps://t.co/jc9EvTcSJu

— The Block (@TheBlock__) November 8, 2022

they are doing a bank run on bankman-fried

bank man fried indeed

good detail on the not-at-all shady and/or goofy location of the relevant computer

pic.twitter.com/OxniLnsEUx

— web3 is going just great (@web3isgreat) November 7, 2022