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(NPR)   Sure, a decentralized autonomous organization sounds like something you'd only hear mentioned in a Monty Python sketch, but what you have to remember is that we're talking about crypto investors   (npr.org) divider line
    More: Stupid, Basketball, Chicago Bulls, Krause House DAO, separate group of crypto fans, Property, Organizers of Krause House DAO, Slam dunk, NBA Executive of the Year Award  
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2045 clicks; posted to Main » on 29 Nov 2021 at 5:25 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



34 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-11-29 5:35:01 AM  
Listen - strange men loitering on the internet distributing crypto is no basis for a system of sports team ownership. Supreme purchasing power derives from a central banking authority, not from some farcical blockchain ceremony.
 
2021-11-29 5:38:36 AM  
$4 million towards an NBA franchise? They'd be lucky to get two sheds and a machine that goes *ping* for that.
 
2021-11-29 5:53:37 AM  
I won't take cryptoads seriously until they buy a futsul team.
 
2021-11-29 5:56:39 AM  
Organizers of Krause House DAO are asking the public to please refrain from laughing.
Fark user imageView Full Size
 
2021-11-29 6:06:08 AM  
Would you like to buy a tulip instead?
 
2021-11-29 6:08:22 AM  
AKA jobs nobody wants to do.

Church work?! I read the dang thing now you ... i get paid for it? Doesn't this sort of thing send a person to heck?
 
2021-11-29 6:22:57 AM  

Valter: AKA jobs nobody wants to do.

Church work?! I read the dang thing now you ... i get paid for it? Doesn't this sort of thing send a person to heck?


I believe you've lost the poopsmith thread.
 
2021-11-29 6:23:22 AM  
Now we see the violence inherent in the block chain!
Now we see the violence inherent in the block chain!
Help! Help! I'm being rehashed!
 
2021-11-29 6:24:04 AM  
For one thing, it is no where in the universe of what the group would need to place a credible bid on even the least-valuable NBA team (The Memphis Grizzlies, estimated to be valued around $1.3 billion

What, really?!
Also, I'm getting a serious Miami Vice / German Techno vibe from their logo. I expect David Hasselhoff to burst through it like a pitcher of Kool Aid
media.npr.orgView Full Size
 
2021-11-29 6:25:32 AM  
I've got Scotty Pippen, Michael Jordan and my older brother melted down into an NFT that I'll sell for 4 million cryptos right now.
 
2021-11-29 6:25:55 AM  
For the three of you out there who don't get the reference:


Right of Self Determination - Monty Python Holy Grail : Autonomous Collective
Youtube -8bqQ-C1PSE


It's arguably the wittiest scene in the whole film.

/but Sir Belvedere at the witch trial gives it good competition
 
2021-11-29 6:32:26 AM  
Slightly off-topic but I just saw this and had to share:

Polkadot is an open source, blockchain-based distributed computing platform that enables the blockchains built on top of it, known as "parachains", to execute atomic inter-chain transactions between themselves in a trust-minimized way, thereby creating an interconnected internet of blockchains...

This cryptogibberish is getting out of hand.
 
2021-11-29 6:40:59 AM  
It seems insane given how quantum-computing is progressing, financial quackery aside.
 
2021-11-29 7:08:47 AM  
I thought "decentralized autonomous organization" was how they described Al-Qaeda.
 
2021-11-29 7:16:44 AM  
Actually the morons who donated money for the constitution were/are not investors.  The agreed to simply give their money to the guy who wanted a copy of the constitution so he could flip it.  None of the donors had any financial rights to the document or profits from it's sale, they don't even have the right to get their money back now that he failed to win the auction.
It will be the same with this scam.  He's literally taking people's money for free so he can buy a business or asset which will either turn a big profit or provide cash flow.
I doubt even one of those people understand the terms of the agreement.
/Crypto is an absurd scam, and it's murdering the environment.
 
2021-11-29 7:21:26 AM  

Northern: Actually the morons who donated money for the constitution were/are not investors.  The agreed to simply give their money to the guy who wanted a copy of the constitution so he could flip it.  None of the donors had any financial rights to the document or profits from it's sale, they don't even have the right to get their money back now that he failed to win the auction.
It will be the same with this scam.  He's literally taking people's money for free so he can buy a business or asset which will either turn a big profit or provide cash flow.
I doubt even one of those people understand the terms of the agreement.
/Crypto is an absurd scam, and it's murdering the environment.


It's the old "Send your dollar now!!" scam.
 
2021-11-29 7:24:21 AM  

Northern: Actually the morons who donated money for the constitution were/are not investors.  The agreed to simply give their money to the guy who wanted a copy of the constitution so he could flip it.  None of the donors had any financial rights to the document or profits from it's sale, they don't even have the right to get their money back now that he failed to win the auction.
It will be the same with this scam.  He's literally taking people's money for free so he can buy a business or asset which will either turn a big profit or provide cash flow.
I doubt even one of those people understand the terms of the agreement.
/Crypto is an absurd scam, and it's murdering the environment.


You're just jealous of how rich he's getting!
 
2021-11-29 7:29:04 AM  
"It's important to understand that there was a time not too long ago where players were at the same place on the totem pole where fans are today," it says. "There's no reason fans can't do the same if organized correctly."

This kind of logic drives me nuts. "Well x happened so there's no reason y can't happen!" despite y being a completely different set of circumstances than x.

Also, it's a totem pole. Someone has to be in all the positions at all times. Players aren't going to move down in the totem pole just because a bunch of crypto derps have an idea.
 
2021-11-29 7:45:00 AM  
yes, yes, npr and fark stop liking what I don't like, who gives a shiat if some crypto enthusiasts want to do something stupid with their money.
 
2021-11-29 7:49:00 AM  
That's NBA with two Bs.
 
2021-11-29 7:49:40 AM  
I think it's great that people will finally be able to buy a companies stock. It's a shame they weren't allowed to buy stock previously. 🤷♀
 
2021-11-29 8:15:32 AM  
A fantasy football team and league that exists only on the cloud -- a city would be required to purchase bitcoin in order to attract the team.
 
2021-11-29 8:18:38 AM  

Headso: yes, yes, npr and fark stop liking what I don't like, who gives a shiat if some crypto enthusiasts want to do something stupid with their money.


That's the problem...they don't want to use money, they want to use crypto
 
2021-11-29 8:33:05 AM  
You're fooling yourself! We're living in a dictatorship! A self-perpetuating autocracy in which the working classes...
 
2021-11-29 8:35:43 AM  
Only 4 million? I bet they can buy an NFT of an image of a NBA team.
 
2021-11-29 8:35:58 AM  
Moistened Bintcoin

Fark user imageView Full Size


/really? I'm the first?
 
2021-11-29 9:30:19 AM  

berylman: For one thing, it is no where in the universe of what the group would need to place a credible bid on even the least-valuable NBA team (The Memphis Grizzlies, estimated to be valued around $1.3 billion

What, really?!
Also, I'm getting a serious Miami Vice / German Techno vibe from their logo. I expect David Hasselhoff to burst through it like a pitcher of Kool Aid
[media.npr.org image 748x500]


K'inuge Houge?
 
2021-11-29 9:32:07 AM  
I've tried to understand crypto bros and their language several times with very little success. I think they just have created their own delusional language. The main people making money off of all of this are the people pushing the "what amazing new currency will be next!!!" stuff.  The whole thing is a pyramid scam in the highest degree.  The only thing that is preventing massive volatility is there are just enough suckers to keep a consistent stream of buying. Once that stops, or is somehow hindered by external economic or social forces or world events, a massive collapse will occur.
 
2021-11-29 9:37:21 AM  

Rapmaster2000: Northern: Actually the morons who donated money for the constitution were/are not investors.  The agreed to simply give their money to the guy who wanted a copy of the constitution so he could flip it.  None of the donors had any financial rights to the document or profits from it's sale, they don't even have the right to get their money back now that he failed to win the auction.
It will be the same with this scam.  He's literally taking people's money for free so he can buy a business or asset which will either turn a big profit or provide cash flow.
I doubt even one of those people understand the terms of the agreement.
/Crypto is an absurd scam, and it's murdering the environment.

You're just jealous of how rich he's getting!


Hah!
What is surprising is that this type of scam is legal.  We also need a carbon tax on Blockchain thingies.  I believe that Bitcoin alone consumes more electricity than Australia.  It's also garbage as an investment, so has very little value to society.
 
2021-11-29 9:54:19 AM  

Archie Goodwin: Slightly off-topic but I just saw this and had to share:

Polkadot is an open source, blockchain-based distributed computing platform that enables the blockchains built on top of it, known as "parachains", to execute atomic inter-chain transactions between themselves in a trust-minimized way, thereby creating an interconnected internet of blockchains...

This cryptogibberish is getting out of hand.


Crypto just keeps giving and giving.

Thought cryptocurrencies were the stupidest thing ever? Here comes NFTs! Thought NFTs could be the limit? Here's whatever the hell that is above!
 
2021-11-29 11:02:47 AM  
crypto is your electric bill...
 
2021-11-29 12:16:23 PM  

trialpha: Archie Goodwin: Slightly off-topic but I just saw this and had to share:

Polkadot is an open source, blockchain-based distributed computing platform that enables the blockchains built on top of it, known as "parachains", to execute atomic inter-chain transactions between themselves in a trust-minimized way, thereby creating an interconnected internet of blockchains...

This cryptogibberish is getting out of hand.

Crypto just keeps giving and giving.

Thought cryptocurrencies were the stupidest thing ever? Here comes NFTs! Thought NFTs could be the limit? Here's whatever the hell that is above!


Give the NFT cartoon a look, The Red Ape Family. It's about as terrible as you'd expect.
 
2021-11-29 12:18:34 PM  

Rapmaster2000: Northern: Actually the morons who donated money for the constitution were/are not investors.  The agreed to simply give their money to the guy who wanted a copy of the constitution so he could flip it.  None of the donors had any financial rights to the document or profits from it's sale, they don't even have the right to get their money back now that he failed to win the auction.
It will be the same with this scam.  He's literally taking people's money for free so he can buy a business or asset which will either turn a big profit or provide cash flow.
I doubt even one of those people understand the terms of the agreement.
/Crypto is an absurd scam, and it's murdering the environment.

You're just jealous of how rich he's getting!


Mr. Ponzi got pretty rich for a while too.

/ it was still a scam
 
2021-11-29 1:56:29 PM  

AlgaeRancher: Rapmaster2000: Northern: Actually the morons who donated money for the constitution were/are not investors.  The agreed to simply give their money to the guy who wanted a copy of the constitution so he could flip it.  None of the donors had any financial rights to the document or profits from it's sale, they don't even have the right to get their money back now that he failed to win the auction.
It will be the same with this scam.  He's literally taking people's money for free so he can buy a business or asset which will either turn a big profit or provide cash flow.
I doubt even one of those people understand the terms of the agreement.
/Crypto is an absurd scam, and it's murdering the environment.

You're just jealous of how rich he's getting!

Mr. Ponzi got pretty rich for a while too.

/ it was still a scam


As did his early investors.
 
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