bit¢oin$

Bitcoin price

One month ago: $45,250

One week ago: $49,300

Now: $57,300

— The Spectator Index (@spectatorindex) October 13, 2021

thats a lotta bits baby

jack really able to focus now that hes not at twitter

JUST IN: Square is renaming itself "Block" as it focuses on technologies like blockchain and expands beyond its original credit card reader business. Block will still trade under the ticker $SQ on the Nasdaq.https://t.co/JYSLUjPyfU

— CNBC Now (@CNBCnow) December 1, 2021

Inflation at long-term high, bitcoin falling apart. Great hedge.

. . . the vulnerability was discovered and a "fix was pushed to GitHub a couple weeks ago but not deployed. So the attacker found the exploit by scanning the commits to GitHub."

Incidentally this is sort of a nice metaphor for the fact that an apparently huge source of alpha in crypto consists of:

1. There is a mistake.
2. People notice the mistake and try to correct it.
3. Because crypto is all open-source and on the blockchain, you can see them trying to correct it.
4. Because crypto effectively conducts auctions to decide whose transactions go first, you can jump ahead of them in line and exploit the mistake before they can correct it.

lol good stuff

Only a small part of this is about bitcoin, but enjoyed listening to Peter Zeihan destroy the ARK dorks (even if I don't know if he's completely right and he's a bit of a douche):

https://podcasts.apple.com/au/podcast/geopolitics-innovation-and-deglobalization-with/id1271691895?i=1000559699112

Schadenfreude level: moderate. Need it to go down to pre-COVID levels to really get excited.

when your coins are v. stable

https://www.bloomberg.com/opinion/articles/2022-05-10/another-algorithmic-stablecoin-isn-t

now down to 0.47 which is hilarious

not so funny reading all the regular ppl who have lost a lot of money

https://pbs.twimg.com/media/FSdVTofUcAER44v?format=jpg&name=large

#Luna has fallen below $1 mark.

High chances of Terra Luna going to zero.$UST is at 0.30. #cryptocurrency #Cryptocrash #ustdepeg pic.twitter.com/FUlnilbCh9

— AltcoinSea.com (@AltcoinSea) May 11, 2022

not so funny reading all the regular ppl who have lost a lot of money

this is true, but what do you want? for the regular people to make money? on cryptocurrency? for no reason? so they could live on it? just because they "held onto it"? that's what fucking social security used to be for, before it was gutted!

regular people should get the fuck out of cryptocurrency. at least with subprime mortgages some people temporarily got a shitty home out of it

it's not funny, it sucks for the people, but for fuck's sake, regular people, stop buying it and trading it and broing the fuck out of it. and for fuck's sake, rich ass people who dominate our world, stop integrating it into everything, stop making crypto icons and inserting them between what two ass cheeks of icons were already there on the app, stop putting it on the fucking sports stadium, stop putting it in space, just everyone on earth the shut the fuck up and turn out the lights

regular people can be assholes too, and when they engage in assholish behaviour like investing in crypto...

either none of it is funny, or it's ALL funny, because all of this is a giant fucking joke

hehe yes but a sad lol kind of joke

this is true, haha

a dark humor, about the world

i feel like a drawing in a medieval cartoon, and the village guy with the tall hat has put leeches on me and is preparing a custom brew with a frog leg hanging over the tip of the cup (which is made of shit and mud), and then finally i just let it all out, shit and blood, but also so much crypto

and then the dog starts licking it

and then the dog gets rich, for the next 5 years, and can't stop telling everyone about crypto

the dog has a too human face

https://i.imgur.com/YptEifq.jpg

"a bunch of hoomans don't know how to hodl"

https://pbs.twimg.com/media/FR_Xp_uXsAAxTHU?format=png&name=small

Probably the most retarded thread ive read this decade.

Silence is a perfectly acceptable option if stupid.

Billionaires in my following, go ahead, see what happens https://t.co/wtt9OhX4kg

— Do Kwon 🌕 (@stablekwon) November 28, 2021

went up a bit and then back down during the time i was on a teams with a guy from the co op talking thru what shd go in my will (unrelated, 1 hr max)

lol hate server issues

High system and blockchain load today. Binance P2P trading had a server issue, and is in maintenance mode. Our team is on it. Should recover in 30-60 min. All other systems (spot & futures) are fine.

— CZ 🔶 Binance (@cz_binance) May 11, 2022

when your coins are v. stable

https://www.bloomberg.com/opinion/articles/2022-05-10/another-algorithmic-stablecoin-isn-t

― mookieproof, Tuesday, May 10, 2022 5:44 PM (yesterday) bookmarkflaglink

good overview of this weird shit for interested readers

Well at least one guy made out pic.twitter.com/22O0iatayr

— warrior cop (@wyatt_privilege) May 11, 2022

/r/terraluna/ has suicide hotlines pinned at the top.

here we go, here we fucken go, let's ride this one all the way to hell

https://coinmarketcap.com/currencies/tether/

tbf though, a lot of these shitcoins are doing better than mid cap tech stocks (palantir, lyft, snowflake, shopify, peleton, etc.)

suicide and political radicalization via collapse of a pseudobanking system is not funny, but this. this is extremely funny.

Eric Adams recieved his first paycheck of $5,900 dollars. Since then, Bitcoin fell by 55%, meaning his paycheck is now worth $2,655.

However, since he pays taxes on 45% on his original $5900 paycheck, his first paycheck was a grand total of…

Negative 600 bucks

— Lucas 🧡 (@LucasOfSunshine) May 11, 2022

lmfao

Coinbase is struggling too, according to this Guardian article (see the last few paras):

https://www.theguardian.com/technology/2022/may/12/stablecoin-tether-breaks-dollar-peg-cryptocurrencies

Is total system collapse a real possibility?

imho thats always been the most likely outcome

i mean its all totally fake and insanely fraudulent

the big push to get more retail investors involved with all those tv commercials and whatnot is clearly the end stage theres not anyone else deposit money into the system after them

is there any update on this lagoon

everyone these days is asking is elon musk pumping and dumping crypto currencies in order to cover for major accounting fraud at tesla

— br◎seph (@on3ness) May 8, 2021

lol soon

the vast majority of crypto is owned by whales and while they can keep the numbers up via doing illegal things like wash trading they do eventually need real people to cash them out, once those people stop coming around what is even the point of it all

https://i.imgur.com/F3vs7Jt.png

this is the same argument every pyramid scheme/MLM uses to keep people in

"If only I bought bitcoin in 2011, I would be so rich."

No, you likely wouldn't be. You would've probably sold early because you were scared, just like you probably are today.

Holding through multiple 80% corrections takes an insane level of conviction and mental fortitude. pic.twitter.com/AisQ3PDdBd

— Dylan LeClair 🟠 (@DylanLeClair_) May 6, 2022

I find it hard to amass sympathy for these assholes but I feel like a lot of the citizens of El Salvador are gonna be unnecessarily suffering because of this and that really sucks

yeah a lot of people are going to get hurt over this wouldve been better if no one ever made a bitcoin

https://i.imgur.com/7C8apab.jpg

terra luna down 99.99% on a week ago and 99.9ish down on the opening today

does it just dribble to zero or will it suddenly go all at once?