Cryptocurrency as the next significant stage for computing technology, not just an investment

[milkface]

Lol defi100 was an exit scam. they just made off with $32 million in crypto.

[chim]

On 5/22/2021 at 8:31 PM, milkface said:

Lol defi100 was an exit scam. they just made off with $32 million in crypto.

It's fake news. 

 

[milkface]

22 minutes ago, chim said:

It's fake news. 

 

oh shit yeah you're right.

[TubularCorporation]

[dcom]

Anonymous Message To Elon Musk

[auxien]

6 hours ago, dcom said:

Anonymous Message To Elon Musk

lmao..... so someone from anonymous hacked into the darknet site known as "Wikipedia.com" and read the entry on Musk only to have their blind lust for the man shattered by facts that have been publicly available for years.

[dcom]

Quote

Justin Ehrenhofer, a cryptocurrency compliance expert and member of the monero developer community, said that at the beginning of 2020, its use by ransomware gangs was “a rounding error.” Today he estimates that about 10 to 20 percent of ransoms are paid in monero and that the figure will probably rise to 50 percent by the end of the year.

Monero emerges as crypto of choice for cybercriminals (ARStechnica)

[Cryptowen]

On 6/7/2021 at 3:26 PM, dcom said:

Anonymous Message To Elon Musk

Big ups to whichever one of the half dozen or so remaining millenial libertarians managed to hold onto his guy fawkes mask all these years in order to keep making these videos

[Rubin Farr]

Possible $3.6 billion missing from South African Bitcoin exchange:

https://www.engadget.com/africrypt-bitcoin-disappearance-174636634.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGt0FGmF6QesHXnbjdVDSlN57FTdQOn5MLn04MKNs0XCW0lFmMKfZiSBRv5yh6F95hVRB2aFLwlxsfr5FO-Xzgq8gEGRajvPkFcyKFjygtnv1Cvp-uPH8WQRjwqw9BeL-0Jot0G3oB-ksQEq3DstU99sWMicZ_Hq8s_4lNuhivx4

[d-a-m-o]

PAMP IT !!!!

[brian trageskin]

cringe 

 

[dcom]

Unrolled thread.

Dogecoin creators have become cryptocurrency critics.

Quote

After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

 

Despite claims of “decentralization”, the cryptocurrency industry is controlled by a powerful cartel of wealthy figures who, with time, have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace.

 

The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like “get rich quick” funnel designed to extract new money from the financially desperate and naive.

 

[Rubin Farr]

She obviously has no fucking idea what she’s even saying, but they paid her to say it, so someone made some money!  

 

[Ivy Zemura yvI oo ii oo]

On 7/19/2021 at 3:00 AM, dcom said:

Unrolled thread.

Dogecoin creators have become cryptocurrency critics.

 

all critiques of cryptocurrency are merely critiques of capitalism.  critiques of purchasing cryptocurrency are anti working class in that they leave more of the remaining crypto for the owning class. 

cryptocurrency is superior money, the most superior type that has ever existed.  if you don't like it, you better start considering how we should be moving beyond money entirely.  and the only way to do that is socialism and communism. 

pretending crypto does not exist and leaving it to the financial institutions is not going to solve the problem of crypto.  and if you wanted to be smart, as every worker should try to be under capitalism, you'd hold some crypto.

holding crypto is not contradictory with wanting money abolished since we are in the present

this is why i can't take left critiques of cryptocurrency from the right (non-communist) seriously

Edited August 3, 2021 by ilqx hermolia xpli

[zkom]

Now you can poop crypto https://futurism.com/toilet-poop-green-energy/

 

[chenGOD]

On 7/16/2021 at 11:45 AM, brian trageskin said:

cringe 

 

I wonder how much Erkel got paid in oldmoney to do that commercial....

[zero]

hilarious. I assumed it would be a given that anything involving crypto + Steven Seagal = scam, but nope:

https://interestingengineering.com/crypto-scam-starring-steven-seagal-cheated-investors-out-of-11-million

[zkom]

China declares all cryptocurrency transactions illegal https://www.bbc.com/news/technology-58678907

 

[Rubin Farr]

2 hours ago, zkom said:

China declares all cryptocurrency transactions illegal https://www.bbc.com/news/technology-58678907

 

A Chinese miner cashed out 2308 BTC seconds before the ban:

https://finance.yahoo.com/news/miner-cashes-1-366-btc-102712712.html

 

[Alcofribas]

2 hours ago, zkom said:

China declares all cryptocurrency transactions illegal https://www.bbc.com/news/technology-58678907

 

@zeffolia

[usagi]

I wish everyone involved in crypto

A very die

[auxien]

3 hours ago, usagi said:

I wish everyone involved in crypto

A very die

at the very least their great (great, great?) grandchildren will pay the consequences

[Ivy Zemura yvI oo ii oo]

>china declares cryptocurrency transactions illegal

>bitcoin price barely affected

this is good for bitcoin

there's literally no way to enforce that cryptocurrency transactions are illegal unless they can magically solve problems like

-cracking all cryptography

-cracking all steganography

-completely turning off the internet

even turning off the internet isn't enough because you can make paper cryptocurrency transactions and send them through the mail

but anyway, most critiques of cryptocurrency are pretty weak and pathetic.  im going to try to make a strong one

[Ivy Zemura yvI oo ii oo]

by the way, to explain that last point of sending paper cryptocurrency transactions through the mail, i mean generating a transaction in the appropriate format for that cryptocurrency, signing it with your private keys, saving it as a binary file, and printing the binary string as a raw QR code or steganographically encode it in a picture or printed letter, or even a microdot containing miniatureized versions of this, and sending it through the mail, which likely the chinese government is literally incapable of ever discovering due to the sheer quantity of mail.  or deliver it by hand.  will this scale for mass economic purposes? doubtful, and on a mass economic level of running a shop with this method, the authorities could find it fast.  but anyway ill shut up

[chenGOD]

China bans crypto like every 6 months. They just gonna buy the dip and bail out evergrande when they make it legal again.