bit¢oin$

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

lol youre like hidden safe alright makes sense, under some blankets....

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

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

hey all exchange was imploding someone elses problem now lol

the guy who caused the exchange to implode is now gonna own the exchange

thats called being a big business guy

so the binance ceo examined ftx's holdings (via unknown means) and saw that he could tank ftx by selling the ftx token, did exactly that, and now gets to buy ftx for the cheap? lol

the other piece is that he caused a bank run by suggesting publicly that there could be a bank run, doesnt seem good for crypto exchanges/defi/whatever, lil too easy

so much of crypto is not only fake its double fake, like the ftx coin was priced at x number of dollars but on very low volume, obviously its fake in the first place its crypto but its fake again because theres really not enough trading for real price discovery, and its very sensitive to market manipulation or just someone who owns a lot of it saying it sucks

binance is under active and regular SEC scrutiny IIUC, but any port in a storm i guess.

also isn't it illegal for US citizens to use some (all?) binance services?

i think theyre just buying the non us stuff ftx.com, theres another site/org ftx.us for usa

yeah valuations are inherently fuzzy / more of an art that a science, feel like i've read of a few crypto scams that happened because some smart contract that hardcoded valuation as last traded price X current number of coins outstanding without accounting for any other factors and got obliterated as a result lol xp

lol nearly 10% drop today, fun cuz the affiliate I signed up for poker rakeback with pays out on the 7th and can only pay in BTC and my stupid ass for some reason decided "eh I'll cash it in tomorrow"