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 (one year 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 (one year ago) link
are they "publishing to an immutable ledger" and is it publicly readable
― lag∞n, Tuesday, 13 September 2022 14:18 (one year 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 (one year ago) link
love abstracting things away in the backend
― mookieproof, Tuesday, 13 September 2022 14:55 (one year ago) link
heh
― lag∞n, Tuesday, 13 September 2022 15:17 (one year 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, 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 (one year 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 (one year 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 (one year 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
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
― lag∞n, Thursday, 22 September 2022 22:09 (one year ago) link
― 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 securitiesSeptember 15, 2022https://t.co/wSut0OP8hc pic.twitter.com/PUBOW3ydAS— web3 is going just great (@web3isgreat) September 17, 2022
― lag∞n, Thursday, 22 September 2022 22:23 (one year ago) link
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
― lag∞n, Thursday, 22 September 2022 22:44 (one year ago) link
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
― lag∞n, Saturday, 15 October 2022 12:36 (one year ago) link
huge crypto feature by matt levine https://www.bloomberg.com/features/2022-the-crypto-story/
ive only started it but its probably very good
― lag∞n, Tuesday, 25 October 2022 15:17 (one year ago) link
very adam curtis-like video intro at the top
DISTRUSTTRUSTSATOSHIMININGBLOCKSKEYSWALLETSCONTRACTSNFTSBOOMSWINTERPONZIS
― Karl Malone, Tuesday, 25 October 2022 15:19 (one year ago) link
thank you for the head's up, i'm going to chip away at it today.
― Karl Malone, Tuesday, 25 October 2022 15:21 (one year ago) link
lol true xp
― lag∞n, Tuesday, 25 October 2022 15:21 (one year ago) link
*tips cap*
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iW7vesxsTfGU/v0/3000x-1.jpg
― lag∞n, Tuesday, 25 October 2022 15:22 (one year ago) link
oh no the text is gone lol
https://i.imgur.com/Cbfswzh.png
― lag∞n, Tuesday, 25 October 2022 15:23 (one year ago) link
YES
― Karl Malone, Tuesday, 25 October 2022 15:27 (one year ago) link
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.
― ledge, Tuesday, 25 October 2022 15:36 (one year ago) link
in general you can't include the hash in the thing you're hashing
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 25 October 2022 15:41 (one year ago) link
if you do, it changes the hash. and finding a an article/hash for which that's not true is computationally infeasible.
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 25 October 2022 15:42 (one year ago) link
of course. a nice logic puzzle, I gave in too easily.
― ledge, Tuesday, 25 October 2022 15:45 (one year ago) link
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
― Karl Malone, Tuesday, 25 October 2022 18:20 (one year ago) link
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
― lag∞n, Tuesday, 25 October 2022 18:51 (one year ago) link
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
― Karl Malone, Tuesday, 25 October 2022 18:56 (one year ago) link
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
― lag∞n, Tuesday, 25 October 2022 19:01 (one year ago) link
im curious to see how deep hes gonna got on the market manipulation aspect of bitcoin here, the possibility that its all totally fake
― lag∞n, Tuesday, 25 October 2022 19:02 (one year ago) link
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...
― ledge, Wednesday, 26 October 2022 20:41 (one year ago) link
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.
― ledge, Wednesday, 26 October 2022 20:57 (one year ago) link
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"
― mark s, Wednesday, 26 October 2022 20:59 (one year ago) link
if you are a regular reader of his column the whole piece, including the conclusion, is vmic
― 龜, Thursday, 27 October 2022 14:06 (one year ago) link
BREAKING: FTX appears to have stopped processing withdrawals, on-chain data showhttps://t.co/jc9EvTcSJu— The Block (@TheBlock__) November 8, 2022
― lag∞n, Tuesday, 8 November 2022 14:21 (one year ago) link
they are doing a bank run on bankman-fried
― 龜, Tuesday, 8 November 2022 14:33 (one year ago) link
bank man fried indeed
― lag∞n, Tuesday, 8 November 2022 14:44 (one year ago) link
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
― mark s, Tuesday, 8 November 2022 16:45 (one year ago) link
lol youre like hidden safe alright makes sense, under some blankets....
― lag∞n, Tuesday, 8 November 2022 16:48 (one year ago) link
these days they have wallets that are on their own weird lil encrypted networks so you dont really have to have yr coins on hardware you just need your seed phrase https://electrum.readthedocs.io/en/latest/faq.html?highlight=server
dont think that was invented when the guy did the heist tho, or maybe he didnt trust them, but idk id prob trust them over a thumb drive in the floor
― lag∞n, Tuesday, 8 November 2022 17:08 (one year ago) link
1) Hey all: I have a few announcements to make.Things have come full circle, and https://t.co/DWPOotRHcX’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for https://t.co/DWPOotRHcX (pending DD etc.).— SBF (@SBF_FTX) November 8, 2022
FTX investor tells me that the company has not yet sent them any information on the deal. Says all he knows is what he's seeing on Twitter.— Dan Primack (@danprimack) November 8, 2022
― lag∞n, Tuesday, 8 November 2022 17:14 (one year ago) link
hey all exchange was imploding someone elses problem now lol
― lag∞n, Tuesday, 8 November 2022 17:18 (one year ago) link
the guy who caused the exchange to implode is now gonna own the exchange
― 龜, Tuesday, 8 November 2022 17:23 (one year ago) link
thats called being a big business guy
― lag∞n, Tuesday, 8 November 2022 17:25 (one year ago) link