[kidwoo]

A sucker is born every minute, but it could be years before this many suckers exist again.

Charts suggest bitcoin could rally over the next few months but likely won’t reach old highs, Jim Cramer says

"Bitcoin could have a nice relief rally over the next few months, even if [ doesn't see it revisiting its old highs for years or even decades," Cramer said.

www.cnbc.com

that babbling idiot still exists?

huh

 

[StiHacka]

 

[jimmydean]

The future is nao.

Who knew accounting could be this exciting?

 

[Poops McDougal]

 

[jimmydean]

View attachment 178227

And he can fly.

 

[jimmydean]

Oops.

Bitcoin mining company Compass Mining loses facility for not paying electricity bill

Bitcoin mining company Compass Mining loses Maine facility for not paying electricity bill to building owner

cryptoslate.com

 

[jimmydean]

News flash: Imaginary capital has no liquidity.

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

A slump in cryptocurrency prices, which has seen billions of dollars wiped off the market, has exposed a liquidity crisis at Three Arrows Capital.

www.cnbc.com

 

[jimmydean]

The hits keep coming, wow. So who will bail out the miners?

Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales – Bitcoin News

According to a recent report, analysts say that a number of loans backed by bitcoin mining machines are underwater.

news.bitcoin.com

 

[DaveW]

The bank of Moria?

 

[jonKranked]

 

[boostindoubles]

I came into a decent collection of kodachrome slides from the 50s and 60s. How can I turn them into NFTs and get rich?

 

[jimmydean]

"Investment" firm named after an NFT collection, what could go wrong?

Investment Firm Cypherpunk Holdings Sells All of Its Bitcoin and Ether

The publicly listed firm has transitioned its treasury to cash amid increased market volatility, but it hasn’t ruled out reinvesting in cryptocurrencies when the market settles down.

www.coindesk.com

 

[kidwoo]

dis muh shocked face

 

[Pesqueeb]

 

[jonKranked]

 

[mandown]

The future is nao.

Who knew accounting could be this exciting?

You have got to be kidding me.

 

[StiHacka]

Relevant. Also, fuck most VCs.

The Petty Pleasures of Watching Crypto Profiteers Flounder

Behind all the Web3 bluster is just “hollow abstraction.”

newsletters.theatlantic.com

 

[SkaredShtles]

You gotta admit... the graph is pretty classic:

 

[jimmydean]

bidding had started at 206 ETH. That put the starting price of the ’Vette at $238,960, which is a lot more than the $90,000 the 2023 Corvette Z06 will reportedly cost.

https://jalopnik.com/no-one-bought-chevrolets-2023-corvette-z06-nft-1849130754

 

[jimmydean]

The Ponzi scheme long game, a classic move.

MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit. The company says it's playing the long game

When MicroStrategy Inc. began buying Bitcoin in bulk in the summer of 2020, CEO Michael Saylor said it was because inflation would make cash worthless. The crypto pile he has since accumulated was worth $3.4 billion less at the end of the second quarter than the previous one.

fortune.com

 

[jimmydean]

If TikTok can't save crypto, nothing will.

The world's biggest crypto exchange just signed up the most famous TikToker alive as the new face of Web3

Binance has made TikTok's most-followed creator, Khaby Lame, its new global brand ambassador, and his first video bringing attention to the platform has already been posted.

fortune.com

 

[jonKranked]

The Ponzi scheme long game, a classic move.

MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit. The company says it's playing the long game

When MicroStrategy Inc. began buying Bitcoin in bulk in the summer of 2020, CEO Michael Saylor said it was because inflation would make cash worthless. The crypto pile he has since accumulated was worth $3.4 billion less at the end of the second quarter than the previous one.

fortune.com

slow death it is

 

[jimmydean]

The two videos included are totally worth a watch.

The Petty Pleasures of Watching Crypto Profiteers Flounder

Behind all the Web3 bluster is just “hollow abstraction.”

newsletters.theatlantic.com

I talked with Shapira about why he’d become such a public critic of the Web3 crowd, and especially of the venture-capital firm Andreessen Horowitz. He said that he sees the crypto world as emblematic of a fundamental problem in startups, where founders and venture capitalists become so enamored with a vague initial idea that they never stop to consider its utility. “They think they’re onto something visionary, but their product actually fails a basic logical test,”.

 

[StiHacka]

I talked with Shapira about why he’d become such a public critic of the Web3 crowd, and especially of the venture-capital firm Andreessen Horowitz. He said that he sees the crypto world as emblematic of a fundamental problem in startups, where founders and venture capitalists become so enamored with a vague initial idea that they never stop to consider its utility. “They think they’re onto something visionary, but their product actually fails a basic logical test,”.

It's amazing how some otherwise smart people irrationally fall in love with their own stinky farts. Upward and onward!

 

[jimmydean]

It's amazing how some otherwise smart people irrationally fall in love with their own stinky farts. Upward and onward!

I recall the .com era where companies were burning through $100mm and never producing a product. I never thought you would see stupid money like that again, then Theranos happened.

 

[StiHacka]

Shame

Voyager Digital Commences Financial Restructuring Process to Maximize Value for All Stakeholders

/PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), today announced that it has commenced a voluntary...

www.prnewswire.com

 

[jimmydean]

Web3 projects have lost more than $2 billion to hacks this year

Flash loan attacks in particular were a growing threat.

www.theverge.com

Flash loans, what could go wrong?

 

[jimmydean]

Or why not finance your overpriced gif?

Buy a Bored Ape Now and Pay Later With New Service for Ethereum NFTs - Decrypt

Teller’s Polygon-based platform will let users make a down payment and take a loan to buy “blue chip” Ethereum NFTs.

decrypt.co

 

[jimmydean]

But now before it's too late!

No One Is Buying Chris Brown's NFT Collection

After a week on sale, only about 3% of NFTs in the 10,000-piece collection have been sold.

www.cnet.com

 

[jimmydean]

https://kotaku.com/logan-paul-pokemon-pikachu-illustrator-nft-blockchain-1849158886

 

[kidwoo]

https://kotaku.com/logan-paul-pokemon-pikachu-illustrator-nft-blockchain-1849158886

at this point that's kind of like discovering the value of tulips in the netherlands

 

[jimmydean]

Because yes, it's a horrible idea.

https://www.pcgamer.com/developer-turns-future-of-gaming-talk-into-a-surprise-attack-on-conventions-nft-and-blockchain-sponsors/

 

[jimmydean]

Because timing is everything.

GameStop’s NFT market has arrived just in time for a crypto market crash

The new NFT marketplace has launched in beta.

www.theverge.com

 

[jonKranked]

Because timing is everything.

GameStop’s NFT market has arrived just in time for a crypto market crash

The new NFT marketplace has launched in beta.

www.theverge.com

to the moon!

 

[jimmydean]

Sounds awesome!

Charlie Munger: Everybody Should Avoid Crypto 'as if It Were an Open Sewer, Full of Malicious Organisms' – Featured Bitcoin News

Berkshire Hathaway's Charlie Munger says everyone should avoid crypto "as if it were an open sewer, full of malicious organisms."

news.bitcoin.com

 

[4xBoy]

 

[jonKranked]

The new South Park movie is basically just one long crypto roast

It’s streaming on Paramount Plus now, and it’s glorious.

www.theverge.com

 

[jimmydean]

NFT marketplace OpenSea lays off 20% of its staff: 'We have entered … crypto winter' | TechCrunch

Despite a significant depression in crypto markets, plenty of top players have been hesitant to say that the good times are over for the time being, but

techcrunch.com

 

[kidwoo]

The new South Park movie is basically just one long crypto roast

It’s streaming on Paramount Plus now, and it’s glorious.

www.theverge.com

thank you

that's all

 

[jonKranked]

thank you

that's all

i've fallen out of watching south park, but I will be watching this one.