The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[VirtualLarry]

A Texas Town's Misery Underscores the Impact of Bitcoin Mines

Residents of Granbury, Texas are complaining of health issues and windows rattling from the constant hum of a Bitcoin mining facility.

time.com

LOUD CRUPTO MINES!

 

[Lost_in_the_HTTP]

Thoughts?

A computer scientist says he's the mystery creator of bitcoin. A London judge aims to find the truth​

ABC|2 hours ago
An Australian computer scientist who says he's the mystery creator behind bitcoin has testified in a London court about the cryptocurrency's origins ...

 

[igor_kavinski]

Thoughts?

He's an idiot.

All he needs to prove that he really is Satoshi is to spend just one Satoshi from Satoshi's stash of untouched bitcoins.

He hasn't done that. He's a frickin' imposter. Some failed idiot who likes to get various certifications under his belt so he can be voted the president of some computing group or the CEO of some technology corporation. He likes to think of himself as a gift to mankind. I have nothing but the utmost disgust for pathetic posers like him. He's like one of those loser managers who claim all the credit for the hard work of their subordinates. Just an opportunist. Nothing more.

 

[darkswordsman17]

Cryptocurrency is perpetually speculative and perpetually the future.

The part I like is how crypto will supposedly be what survives the perpetually impending collapse of society.

 

[dullard]

Oops, the Genesis fraud was 3x bigger than initially thought. 230,000 investors defrauded. But crypto is only used for good by good people.

https://www.reuters.com/technology/ny-attorney-general-expands-crypto-lawsuit-sees-3-bln-fraud-2024-02-09/

 

[Noid]

Oops, the Genesis fraud was 3x bigger than initially thought....

" Last week, Genesis agreed to pay the SEC a $21 million fine, also contingent on its repaying customers first. "

wtf ... reminds me of the FSLIC bankruptcies when I worked for the man in the 80's ... recovered pennies on the dollar ...

what is a pennies worth of crypto ? lol
justice for stealing peoples lives .. ?
... yea who would be happy about this ? ( forgive my rant )

 

[MrSquished]

Matt Damon sees the light

Matt Damon Stars In Super Bowl Commercial Promoting Paper Money

NEW YORK—Appearing in 60-second spot in which he praised the virtue of playing it safe and held up a crisp new $100 bill, actor Matt Damon starred in a Super Bowl commercial Sunday that promoted paper money. “Fortune favors whoever gets their hands on cold hard American currency,” said Damon...

www.theonion.com

 

[njdevilsfan87]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

The closing price for Bitcoin (BTC) on May 19, 2021 was $37,002.44. It was down 13.8% for the day.

BTC price today: $60,426.

 

[AdamK47]

BTC price today: $60,426.

Time for Train to also start chiming in.

 

[DrMrLordX]

BTC price today: $60,426.

The whole market is pumping. It hasn't hit ATH levels from 2021, but it's getting there. The big question is whether this will continue after April.

 

[igor_kavinski]

BTC price today: $60,426.

Not even $100,000. I'll be impressed when it hits $1 million.

Until then, keep wasting electricity.

 

[Brainonska511]

Oh look, another great legitimate use for crypto:

Wait, did I say legitimate? I meant the other thing - cover for crime-ing.

 

[BFG10K]

Remember Chia which caused HDD prices to surge? Here's another pump & dump proving crypto miners are a blight cancer on this earth.

7950x out of stock everywhere thanks to Qubic. The vampire parasitic leeches have found something new to latch onto.

Qubic Cryptocurrency Mining Craze Causes AMD Ryzen 9 7950X Stocks to Evaporate

It looks like cryptocurrency mining is back in craze, as miners are firing up their old mining hardware from 2022 to cash in. Bitcoin is now north of $72,000, and is dragging up the value of several other cryptocurrencies, one such being Qubic (QBIC). Profitability calculators put 24 hours of...

www.techpowerup.com

 

[biostud]

Remember Chia which caused HDD prices to surge? Here's another pump & dump proving crypto miners are a blight cancer on this earth.

7950x out of stock everywhere thanks to Qubic. The vampire parasitic leeches have found something new to latch onto.

Qubic Cryptocurrency Mining Craze Causes AMD Ryzen 9 7950X Stocks to Evaporate

It looks like cryptocurrency mining is back in craze, as miners are firing up their old mining hardware from 2022 to cash in. Bitcoin is now north of $72,000, and is dragging up the value of several other cryptocurrencies, one such being Qubic (QBIC). Profitability calculators put 24 hours of...

www.techpowerup.com

I guess that is good for AMD stock?
If they can sell all their high end zen4 CPUs just before zen5 launch, retailers and AMD should be very happy. But it would also mean it will be very difficult to get your hands on the 8950X when it launches, if it has double the AVX512 performance as 7950X.

 

[BFG10K]

I guess that is good for AMD stock?

Sure, AMD shareholders love it, just like NV shareholders absolutely loved GPU scalpers.

If they can sell all their high end zen4 CPUs just before zen5 launch, retailers and AMD should be very happy.

If this continues, where do you think zen5 will go? Straight to scalpers and miners while prices explode. We've already seen this movie.

 

[VirtualLarry]

If this continues, where do you think zen5 will go? Straight to scalpers and miners while prices explode. We've already seen this movie.

Sigh. Anyways, all the cool kids that want CPU compute at home are already on epyc. Ask @Markfw .

What's not to like about "free" computer hardware from AMD. At least, it's more reliable than MIRs.

 

[biostud]

Sure, AMD shareholders love it, just like NV shareholders absolutely loved GPU scalpers.


If this continues, where do you think zen5 will go? Straight to scalpers and miners while prices explode. We've already seen this movie.

So is now the time to buy AMD stocks?

But yeah it will suck for those who want the top end zen5 at launch.

Personally I'm waiting for zen7 launch so I hopefully can get a cheap zen6 X3D upgrade

 

[igor_kavinski]

“Overwhelming evidence” shows Craig Wright did not create bitcoin, judge says

Jack Dorsey posted a "W," as judge halts Wright's suits against developers.

arstechnica.com

This charlatan still won't rest in peace I'm sure.

 

[Lost_in_the_HTTP]

Binky gets 25.

Sam Bankman-Fried Sentencing: FTX Founder Gets 25 Years in Jail​

The sentencing comes after a high-profile trial where Bankman-Fried was found guilty of fraud, conspiracy, among other charges.

 

[Red Squirrel]

Just saw that. I ALMOST feel bad... but he did screw over lot of people, possibly for life, with his fraud.

I would love if they went after the guy who did similar stuff with Quadriga CX. Skipped town to India with everyone's money and faked his death and shut the site down.

 

[igor_kavinski]

I ALMOST feel bad

You've got some explaining to do about that "almost" part, young man...

 

[SKORPI0]

I wonder if this is true. Maybe she faked her"death" since they couldn't find her.

https://www.coindesk.com/consensus-magazine/2023/02/22/was-onecoins-missing-cryptoqueen-murdered-by-mobsters/

$250K reward.

https://www.fbi.gov/wanted/topten/ruja-ignatova/@@download.pdf

 

[VirtualLarry]

TYT's take on SBF's sentencing.

 

[VirtualLarry]

The Crypto World Has a New Villain

Billionaire Barry Silbert is accused of defrauding thousands of people. Should he get to keep their money anyway?

nymag.com

Paywall article (NYMag Intelligencer) , about Barry Silbert.

 

[igor_kavinski]

Barry Silbert.

Born 21 Feb. Apologies to anyone here born on this date but that just shouts psychopath to me given my experience with Pisces and No.3 people (21=2+1=3).