bit¢oin$

how about online poker but it's that one game where you put your knuckles flat on the table and then the other side slides a quarter toward the other player's knuckles as fast as possible, and the winner is whoever plays the longest

feel like legalization is coming eventually, it's so insane that half the commercials you see during a sports broadcast now are for Fanduel or whatever while online poker is still in this weird limbo

for me the trick to Ignition is getting off the Zone tables and onto the regular ones, Zone is pretty reg infested and even when you do spot a fish you don't know when they're at your table again. the regular tables on the other hand get pretty insane, even when you're not playing peak hours

xp
i don't know why i said that

i played online poker for a week and lost all $100

it's so insane that half the commercials you see during a sports broadcast now are for Fanduel or whatever while online poker is still in this weird limbo

yeah - some of the players are now getting endorsement deals with the betting companies. kinda completely weird, but maybe pete rose will get into the hall of fame now

RIP Crypto.com Staples Centre, we hardly knew you

a perfect metaphor for the death of crypto pic.twitter.com/0VhYPfXoRF

— 𝐒𝐚𝐬𝐡𝐚🔪 (@tinywienerbabe) May 11, 2022

rip big man

The Terra blockchain was officially halted at a block height of 7603700.https://t.co/squ5MZ5VDK

Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.

— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) May 12, 2022

xp: wish that was real.

astonishing graph. this stuff made it all the way to $90 and is now worth literally a penny

https://i.imgur.com/mUvT7LD.png

I know it’s uncharitable of me but: have fun being poor, crypto fucks.

astonishing graph. this stuff made it all the way to $90 and is now worth literally a penny

I mean under some theories of value it was always worth literally a penny

https://i.imgur.com/hQi29bn.png

buy the dip.

https://www.afr.com/wealth/personal-finance/the-great-crypto-ponzi-scheme-finally-crashes-20220513-p5al0q

Paywalled, but I had success with refresh then stop loading page in Firefox.

According to credible Korean news site Money Today, Do @stablekwon requested to police for emergency protection as investors have been visiting his house.
https://t.co/3rUsjUBGCp

— Doo | StableNode @GoblinTown (@DooWanNam) May 13, 2022

pretend money leads to real life mob

Crypto is not pretend! Don't you get it? It is going to make transactions faster! Just you wait and see, mister.

i mean all money is pretend

this pretend money is also unregulated

(laws are also made up)

money has an army

thats right

Yeah, but people without no money have a free Twitter account

I think the one, single prognostication I ever had was in grad school, and a seminar was working with an old emeritus prof on a book he was writing about how the internet was going to be a great boon for democracy. This was just before Arab spring, etc. The smart thing that I did was when we went around the table I said “nooooooooooooooooooo!”

lol

of course the real big story no-one is talking about here is how this is going to have a serious impact on Crawley FC. They are going to become the first UK league club since the days of horses and carts to pay their playing staff in units of less than a penny.

the one, single prognostication

Meant to thrown the word “accurate “ in there because I have been completely wrong thousands of times. And even on this one, I’m sure the Internet will start doing unbelievable things for democracy soon and even Nelson’s “ha-ha!” will be a little brighter and more supportive than it was before

here's that one stock everyone's talking about, the one where if you own it you're actually a giant fucking asshole, regardless of the price:

https://i.imgur.com/U86RNkv.png

it's back at 14 cents. so...if you bought it at less than a cent, or wherever it was a few hours ago, and you sold it now, at 14 cents, if you can find another sucker to buy low, wouldn't you be making a 1400% profit? or am i misunderstanding how the entire thing works

the one where if you own it you're actually a giant fucking asshole

that would be buttcoin i imagine

the one where if you own it you're actually a giant fucking asshole

could you say what it is instead of trying to make people guess?

Terra (UST) the one that has been in the news for collapsing

oh shit, that was another terra. the luna one is, indeed, dead as a doornail!

https://coinmarketcap.com/currencies/terra-luna/

they are kinda connected

On Terra’s own blockchain, UST has a symbiotic relationship with its satellite asset luna, which can be used to earn cryptocurrency rewards. It was always possible to exchange UST for luna and vice versa, and the blockchain’s own code always made sure that terra traded at a dollar a unit, while luna’s varying price was determined by algorithms keeping an eye on the market.

That was supposed to keep its price stable by piggybacking on the work of arbitragers, investors who attempt to profit from market inefficiencies. If a sell-off of UST on cryptocurrency exchanges threatened to lower its price below $1, the idea was that smart arbitragers would rush to buy UST, and use them on its native blockchain to buy luna at a discount—propping up UST’s price in the process.

If the opposite happened and UST’s price zoomed over $1 on crypto marketplaces, people would use their lunas to buy one-dollar-a-unit USTs on Terra’s blockchain and resell them on other platforms, bringing the price of UST down. It is a clever architecture. It is also one that did not and could not work. “It is a bit like perpetual motion machines. People wanted to figure out how to get free energy. And these designs were complicated—they would have pulleys, they would have magnets, they would have levers,” Muci says. “With algorithmic stable coins, it's a little bit the same idea.”

https://www.wired.co.uk/article/terra-luna-collapse

that Financial review article was really good

there’s a youtube video called “line goes up” that people say is good but it’s 2hrs long; tldw

it's great, I've watched it twice!

I often wonder "how long do bubbles take to burst," and the answer ALWAYS seems to be "just a few months past when I get exhausted by waiting and stop giving a shit."

I feel a lot of conflicted emotions over the whole "regular people are getting screwed" "but a lot of them are those assholes" thing.

I just talked a friend out of investing in a "defi" crypto-lending thing she sent me info about. I was like "can you explain to me what this actually is or how it works?" and she couldn't, so I said to please not invest in something she couldn't understand. And this was an educated person who actually understands investments pretty well, so I guess anyone can be vulnerable to it.

Like a few weeks ago, right before the crash

does ilx have a character limit per post now?

depends

on

the

strength

of

the

characters

(sorry)

(crypto sucks btw)

i tried watching line goes up again and i don’t understand how anybody handles that rapid-fire singsong youtube explainer voice for more than 5 minutes at a time, it’s completely unbearable to me

So far, there are no indications that Mr. Bukele plans to change course. On Monday, he said on Twitter that El Salvador bought 500 bitcoin at an average price of $30,744. “El Salvador just bought the dip!” he added. Bitcoin traded at $29,745 on Friday.

what’s that word for when something is funny yet also incredibly horrible

tragicomic or sad lol