The Crypto Thread

[ParlaySlow]

[suzzer99]

That seems like a really dumb precedent if they want people to pay up.

[beetlejuice]

[jwax13]

[CanadaMatt3004]

Pretty sure Etherimcoin will hit 2K in the next week.

[ParlaySlow]

[L.Washington]

Is this OFA?

[zimmer4141]

I’m pretty sure it’s BOFA.

[CanadaMatt3004]

Have I not made it perfectly clear that I dont understand acronyms?

Smh

[L.Washington]

[ParlaySlow]

@MaxCut

Crypto heavy hitters relying on a written contract?

Why didn’t they use a smart contract?

[CanadaMatt3004]

Thatsracist.jpg?

[L.Washington]

:stabby:

[6ix]

@ParlaySlow

@Riverman

Lulz

https://twitter.com/dougpolkvids/status/1540138826584186880?s=21&t=rqjYLeXUtl4JRCrCuRLTmA

The follow up to this: https://www.cnbc.com/2022/06/28/coinflex-issues-new-coin-to-raise-funds-after-investor-fails-to-pay-debt.html

Cryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client failed to repay a massive debt.

CoinFlex said it would issue $47 million worth of a digital coin, offering 20% interest, which it’s calling Recovery Value USD, or rvUSD.

Not really sure how that’s all supposed to work. I guess it’s basically like high-yield debt that becomes secondary to the primary coin. If crypto bounces back bigly then you get your 20%, and if not you get zero.

@olink

@ParlaySlow

Not really sure how that’s all supposed to work.

Ponzinomics is how it’s supposed to work.

Seriously, they’re telling you it’s a Ponzi scheme – sell new shitcoin and use the funds to pay out earlier ‘customers’ (technically creditors afaict).

Presumably you’re supposed to believe they’re good for the 20% because they have invested so successfully up to this point.

@bigt2k4

Herbalife is a ponzi scheme that is completely insolvent and took on a ton of debt to buy back tons of shares to keep their stock price up, it has since lost about 60% of its value in the last year, but still has a 2.5 billion market cap. It was outed as a ponzi scheme in 2016 and it went up for 5 years despite that.

I can see a worthless coin keeping its value for a lot longer.

@Riverman

What continues to blow my mind is the scale of these scams. We’re not talking a few million dollars, its tens of billions for each one!

@olink

@bigt2k4

I can see a worthless coin keeping its value for a lot longer.

Herbalife is a Ponzi in the way that every mlm is a ponzi. This, otoh is being sold as a Ponzi. It’ll last at most until the money runs out, which it must.

lul imagine if this mensa meeting braintrust that can’t figure out the difference between a pyramid scheme and a ponzi scheme was the same one wanting to have srs converstions earlier lol

[6ix]

ahaha they both start with P!

riddles abound!

fucking 12yo african boys are dying in cobalt mines so these fat content americans can type the dumb shit they have in this thread god in heaven

plz bring on the financial collapse asap and maybe the world will finally get made fair in the aftermath

[6ix]

me, years ago:

them, now:

omg cryptoz is stoopid wow omg

[6ix]

you sad mediocre fucks

[TrollyWantACracker]

Man, one of my all time favorite 2+2 threads was a long running one in OOT for guys who would diary their experience wearing 300 dollar jeans 200 times in a row without washing them. So good.

[Trolly]

Does the stankiness of the jeans reach a plateau at some point or do they continue to get more nasty each day?

[TrollyWantACracker]

No plateau. Something akin to a living work of art apparently. Figuarively and literally.