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(Business 2 Community)   Prominent blockchain's value inflated after it is publicized they have a bunch of developers working on a wide variety of cutting edge blockchain projects. FARK: it was one developer all along, creating all the other personas out of thin air   (business2community.com) divider line
    More: Asinine  
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632 clicks; posted to Business » on 08 Aug 2022 at 5:42 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-08-08 6:28:42 AM  
Huh, crypto a scam?  Who knew blockchain had no inherent value and that this one guy lied to investors over and over.
Thankfully Texas is on its knees giving fellatio to people like this, and prioritizing crypto farming on their electric grid over their citizens homes.  I also noticed that Norton Antivirus added a crypto mining feature to their software.  Now I can play arbitrage of foreign stamps and own several Brooklyn bridges!
 
2022-08-08 7:10:20 AM  
So once again the whole crypto experience breaks down to malevolent, libertarian douchebros trying to scam each other and everyone else.
 
2022-08-08 7:42:37 AM  
Gotcher block chain right here.

external-content.duckduckgo.comView Full Size
 
2022-08-08 8:16:50 AM  

Barricaded Gunman: So once again the whole crypto experience breaks down to malevolent, libertarian douchebros trying to scam each other and everyone else.


Or as it's known in the crypto-sphere, Monday.
 
2022-08-08 8:36:44 AM  
 
2022-08-08 8:40:18 AM  
What an amazing community backing this innovative technology.
 
2022-08-08 10:16:30 AM  
i.kym-cdn.comView Full Size
 
2022-08-08 10:20:34 AM  
waiting for the usual explanation that this us just one of the kinks to work out, that bad actors will be weeded out and that bLoCkcHaiN is going to save us all

/hardware wallet
 
2022-08-08 10:20:44 AM  
Fark user imageView Full Size
 
2022-08-08 10:31:11 AM  
And another Crypto company just announced they are holding all withdrawals, token swaps and deposits, hopefully there will be less suicides this time.

/Teh future!
 
2022-08-08 10:34:16 AM  
Was one of the personas Linux_Yes?
 
2022-08-08 10:46:34 AM  

HighlanderRPI: Was one of the personas Linux_Yes?


Fark user imageView Full Size
 
2022-08-08 10:50:39 AM  
Is it common for 401k accounts and other plans to get on board with these crypto "investments", or do most mainstream plans shy from it? How can I tell if my accounts are infected with this crap?
 
2022-08-08 10:56:25 AM  

nytmare: Is it common for 401k accounts and other plans to get on board with these crypto "investments", or do most mainstream plans shy from it? How can I tell if my accounts are infected with this crap?


Fidelity is bigly into crypto. But you have to opt in to have your funds exposed to it. Also your employer has to opt in as well.
 
2022-08-08 11:32:58 AM  

sirrerun: nytmare: Is it common for 401k accounts and other plans to get on board with these crypto "investments", or do most mainstream plans shy from it? How can I tell if my accounts are infected with this crap?

Fidelity is bigly into crypto. But you have to opt in to have your funds exposed to it. Also your employer has to opt in as well.


Asset managers know there's plenty of money to be made charging fees to people who want to gamble with Bitcoin.  It's like the casinos - take your cut and let the rubes fleece themselves.  They certainly aren't putting their own assets at risk.
 
2022-08-08 11:35:33 AM  

Priapetic: sirrerun: nytmare: Is it common for 401k accounts and other plans to get on board with these crypto "investments", or do most mainstream plans shy from it? How can I tell if my accounts are infected with this crap?

Fidelity is bigly into crypto. But you have to opt in to have your funds exposed to it. Also your employer has to opt in as well.

Asset managers know there's plenty of money to be made charging fees to people who want to gamble with Bitcoin.  It's like the casinos - take your cut and let the rubes fleece themselves.  They certainly aren't putting their own assets at risk.


What's going to get interesting is when peoples' "investments" in crypto go bad and they allege fraud on the part of the operator and negligence on the part of the asset manager. Stock up on popcorn for that one.
 
2022-08-08 11:42:18 AM  
Also world-wide money laundering just got a major hit: the US Treasury added Tornado Cash to its blocked list.
The people at web3isgoinggreat.com can hardly keep up with this shiat.
 
2022-08-08 11:58:30 AM  

Creidiki: What an amazing community backing this innovative technology.


gee

i wonder how many developers around the world are working on Ethereum..........
 
2022-08-08 12:00:13 PM  

TappingTheVein: Also world-wide money laundering just got a major hit: the US Treasury added Tornado Cash to its blocked list.
The people at web3isgoinggreat.com can hardly keep up with this shiat.



Web1 (~1990-2005) - Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.
Web2 (~2005-present) - Siloed, centralised services with value and content ownership granted to a handful of large companies. Far more advanced in functionality but also subject to digital authoritarianism.
Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.
 
2022-08-08 12:03:06 PM  

Barricaded Gunman: So once again the whole crypto experience breaks down to malevolent, libertarian douchebros trying to scam each other and everyone else.



settle down wall street bankster.

at least blockchains/crypto haven't asked for public money bailouts like socialist banksters  have done over the last 40 years.....
 
2022-08-08 12:05:24 PM  

HighlanderRPI: Was one of the personas Linux_Yes?



Web1 (~1990-2005) - Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.
Web2 (~2005-present) - Siloed, centralised services with value and content ownership granted to a handful of large companies. Far more advanced in functionality but also subject to digital authoritarianism.
Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.
 
2022-08-08 12:13:17 PM  

Linux_Yes: Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.


And so far its implementations have been bringing some favorable results. For the burial/cremation industry that is.
15 years. an eternity in the IT/tech world. Not a single worthwhile implementation better than existing tech.
 
2022-08-08 12:16:51 PM  

Linux_Yes: Creidiki: What an amazing community backing this innovative technology.

gee

i wonder how many developers around the world are working on Ethereum..........


Five or six, plus a million alts.
 
2022-08-08 12:17:48 PM  

Linux_Yes: TappingTheVein: Also world-wide money laundering just got a major hit: the US Treasury added Tornado Cash to its blocked list.
The people at web3isgoinggreat.com can hardly keep up with this shiat.


Web1 (~1990-2005) - Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.
Web2 (~2005-present) - Siloed, centralised services with value and content ownership granted to a handful of large companies. Far more advanced in functionality but also subject to digital authoritarianism.
Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.


lol. You need a therapist. Someone needs to deprogram you from whatever dumbass cult you've got yourself involved with. You're at the point where you are denying reality, and that isn't healthy. Seek professional help.
 
2022-08-08 12:18:01 PM  
Oh look, some blockchain fraud that no hardware wallet could have avoided.

So much for that hardware wallet bullshiat.
 
2022-08-08 12:20:18 PM  

Olympic Trolling Judge: Linux_Yes: Creidiki: What an amazing community backing this innovative technology.

gee

i wonder how many developers around the world are working on Ethereum..........

Five or six, plus a million alts.



so another open source project is Linux.  how many developers are working on it around the world as it slowly grows and dominates everything computer wise except desktop and gaming??

course, we know why windows dominates desktop.
 
2022-08-08 12:21:23 PM  

ChibiDebuHage: Oh look, some blockchain fraud that no hardware wallet could have avoided.

So much for that hardware wallet bullshiat.



tell you what.  whenever my hardware wallet connects to the internet you can have its coins.

its gonna be a very very long wait for you.
 
2022-08-08 12:22:23 PM  

NuclearPenguins: Linux_Yes: TappingTheVein: Also world-wide money laundering just got a major hit: the US Treasury added Tornado Cash to its blocked list.
The people at web3isgoinggreat.com can hardly keep up with this shiat.


Web1 (~1990-2005) - Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.
Web2 (~2005-present) - Siloed, centralised services with value and content ownership granted to a handful of large companies. Far more advanced in functionality but also subject to digital authoritarianism.
Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.

lol. You need a therapist. Someone needs to deprogram you from whatever dumbass cult you've got yourself involved with. You're at the point where you are denying reality, and that isn't healthy. Seek professional help.



you're right!!

the internet has changed little since the mid 90's.   i don't see why it would change now.................


lolzz   big dummy
 
2022-08-08 12:27:18 PM  

TappingTheVein: Linux_Yes: Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.

And so far its implementations have been bringing some favorable results. For the burial/cremation industry that is.
15 years. an eternity in the IT/tech world. Not a single worthwhile implementation better than existing tech.



That's it, Folks.

all changes/development of the Internet has been halted in perpetuity.

the Internet has finally been completed.  it only took 32 years.


lolzz
 
2022-08-08 12:28:53 PM  

Linux_Yes: the internet has changed little since the mid 90's.   i don't see why it would change now.................


The Internet has changed a lot since 2009.  None of that change has involved blockchain--sorry, bLoCkChAiN--except to grift the morons who think bLoCkChAiN is going to change the Internet.
 
2022-08-08 12:31:47 PM  
They funged the developer?
 
2022-08-08 12:34:54 PM  
Fark user imageView Full Size
 
2022-08-08 12:35:56 PM  

Olympic Trolling Judge: Linux_Yes: the internet has changed little since the mid 90's.   i don't see why it would change now.................

The Internet has changed a lot since 2009.  None of that change has involved blockchain--sorry, bLoCkChAiN--except to grift the morons who think bLoCkChAiN is going to change the Internet.



the changes have already begun, boo.

https://presearch.com/

https://d.tube/

both these sites use blockchain tech.   go to 'about' and read for yourself..........

but you're right.  the Internet is going to stay web2 forever.
 
2022-08-08 12:42:41 PM  

Linux_Yes: ChibiDebuHage: Oh look, some blockchain fraud that no hardware wallet could have avoided.

So much for that hardware wallet bullshiat.


tell you what.  whenever my hardware wallet connects to the internet you can have its coins.

its gonna be a very very long wait for you.


You're not paying attention.

If somebody fraudulently pumps, misrepresents, the nature of your blockchain with lies and bullshiat, your hardware wallet is defenseless.

If somebody made up facts X, Y, Z about the blockchain, the fraudulent nature of lies A, B, C can compromise tye blockchain, REGARDLESS of what you've done with your hardware wallet.

So who answers for lies and fraudulent information being circulatiled by the blockchain, publicized by its own "trustworthy" developer(s)?

NOBODY answers to such fraud! Its deregulated! And NO hardware wallet can protect you from blockchain lies.

You are trusting your wealth with a group of anonymous or distant blockchain developers, hoping that what they are writing actually does what they claim, and is safe from hackers. If they are fraudsters or just stupid developers you have ZERO recourse and your hardware wallet has ZERO usefulness.
 
2022-08-08 12:44:48 PM  
Fark user imageView Full Size
 
2022-08-08 12:55:41 PM  

ChibiDebuHage: Linux_Yes: ChibiDebuHage: Oh look, some blockchain fraud that no hardware wallet could have avoided.

So much for that hardware wallet bullshiat.


tell you what.  whenever my hardware wallet connects to the internet you can have its coins.

its gonna be a very very long wait for you.

You're not paying attention.

If somebody fraudulently pumps, misrepresents, the nature of your blockchain with lies and bullshiat, your hardware wallet is defenseless.

If somebody made up facts X, Y, Z about the blockchain, the fraudulent nature of lies A, B, C can compromise tye blockchain, REGARDLESS of what you've done with your hardware wallet.

So who answers for lies and fraudulent information being circulatiled by the blockchain, publicized by its own "trustworthy" developer(s)?

NOBODY answers to such fraud! Its deregulated! And NO hardware wallet can protect you from blockchain lies.

You are trusting your wealth with a group of anonymous or distant blockchain developers, hoping that what they are writing actually does what they claim, and is safe from hackers. If they are fraudsters or just stupid developers you have ZERO recourse and your hardware wallet has ZERO usefulness.



do i trust a worldwide community of users and developers or a company that has to feed free Precious to its lazy sit at home stock owners above all other concerns???

i trust the community more.  i've trusted the community that builds Linux and i haven't had any issues with Linux since i began using it in 2008.   any issues were my own ignorance on how to do something which was quickly resolved on a search engine.

with windows, i had nothing but problems.  viruses, apps fighting each other for userspace, slowing down over time, having it do stupid updates at its own, not mine, convenience, having to do defrags, having to deal with MS registering my hardware so that if i change it, then i have to jump thru hoops.  etc etc etc.

it all went away with Linux.  there is a God

so yes, i trust a peer to peer, public, open source immutable blockchain like Ethereum.

and no, i don't trust all blockchains.

the Future is Community.  the past is huge companies that take everything they can get their worthless paws on.
 
2022-08-08 12:56:50 PM  

Magorn: [Fark user image 220x220]


Fark user imageView Full Size
 
2022-08-08 12:59:04 PM  

Linux_Yes: Olympic Trolling Judge: Linux_Yes: the internet has changed little since the mid 90's.   i don't see why it would change now.................

The Internet has changed a lot since 2009.  None of that change has involved blockchain--sorry, bLoCkChAiN--except to grift the morons who think bLoCkChAiN is going to change the Internet.


the changes have already begun, boo.

https://presearch.com/

https://d.tube/

both these sites use blockchain tech.   go to 'about' and read for yourself..........

but you're right.  the Internet is going to stay web2 forever.


Those are your examples of how web3 will be revolutionary? lol. Seek help.
 
2022-08-08 1:00:57 PM  

NuclearPenguins: Linux_Yes: TappingTheVein: Also world-wide money laundering just got a major hit: the US Treasury added Tornado Cash to its blocked list.
The people at web3isgoinggreat.com can hardly keep up with this shiat.


Web1 (~1990-2005) - Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.
Web2 (~2005-present) - Siloed, centralised services with value and content ownership granted to a handful of large companies. Far more advanced in functionality but also subject to digital authoritarianism.
Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.

lol. You need a therapist. Someone needs to deprogram you from whatever dumbass cult you've got yourself involved with. You're at the point where you are denying reality, and that isn't healthy. Seek professional help.


Fark user imageView Full Size
 
2022-08-08 1:08:18 PM  

NuclearPenguins: Those are your examples of how web3 will be revolutionary? lol. Seek help.


Search engines and video hosting simply weren't possible before bLoCkChAiN.  This is as big as HTML5.  Bigger, even.
 
2022-08-08 1:10:09 PM  

Olympic Trolling Judge: NuclearPenguins: Those are your examples of how web3 will be revolutionary? lol. Seek help.

Search engines and video hosting simply weren't possible before bLoCkChAiN.  This is as big as HTML5.  Bigger, even.


Did you see the list of videos it suggested? lol.
 
2022-08-08 1:14:20 PM  

NuclearPenguins: Olympic Trolling Judge: NuclearPenguins: Those are your examples of how web3 will be revolutionary? lol. Seek help.

Search engines and video hosting simply weren't possible before bLoCkChAiN.  This is as big as HTML5.  Bigger, even.

Did you see the list of videos it suggested? lol.


where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.

where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.
 
2022-08-08 1:15:28 PM  

Linux_Yes: TappingTheVein: Also world-wide money laundering just got a major hit: the US Treasury added Tornado Cash to its blocked list.
The people at web3isgoinggreat.com can hardly keep up with this shiat.


Web1 (~1990-2005) - Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.
Web2 (~2005-present) - Siloed, centralised services with value and content ownership granted to a handful of large companies. Far more advanced in functionality but also subject to digital authoritarianism.
Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.


The "tragedy of the commons" means web3 will never happen as envisioned.  The bad actors who are counting on a lack of controls or protections so they can steal from others (I.e. crypto) want it that way, but don't want to scare off the marks so they make all sorts of stupid claims (the blockchain is immutable!  It's just math so you can't have fraud! ) The suckers giving them their money believe these claims.  Without controls to prevent fraud, Web 3.0 is dead on arrival and as a society we have a piss poor record of decentralized management.  Pretty much every such system gets taken over by scumbags who then pervert the rules to enrich themselves at the expense of others.  The scum bags have a strong motivation to abuse the system while individuals lack the leadership to stop them.  Ask developers about Oracle and open source some time.
 
2022-08-08 1:19:21 PM  

Linux_Yes: NuclearPenguins: Olympic Trolling Judge: NuclearPenguins: Those are your examples of how web3 will be revolutionary? lol. Seek help.

Search engines and video hosting simply weren't possible before bLoCkChAiN.  This is as big as HTML5.  Bigger, even.

Did you see the list of videos it suggested? lol.

where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.

where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.


Seek help.
 
2022-08-08 1:19:28 PM  

Olympic Trolling Judge: Linux_Yes: the internet has changed little since the mid 90's.   i don't see why it would change now.................

The Internet has changed a lot since 2009.  None of that change has involved blockchain--sorry, bLoCkChAiN--except to grift the morons who think bLoCkChAiN is going to change the Internet.


thank you for helping spread the proper pronunciation.   we are all in this together.
 
2022-08-08 1:20:49 PM  

Barricaded Gunman: So once again the whole crypto experience breaks down to malevolent, libertarian douchebros trying to scam each other and everyone else.


This is what astonishes me about Bitcoin and it's progeny.  Half the stories about it are about "hackers" stealing staggering amounts of money with dirt-simple exploits (In part because Crypto people seem willing to use code written by someone they only know a "Edgelord277" in their platforms) and somehow these "coins" that have a written record of every transaction ever done with them BUILT INTO THEM, are untraceable/unrecoverable after this happens


Why would ANYONE, let along big time Wall Street type risk so much as a clipped  penny in this environment?
 
2022-08-08 1:21:41 PM  

Linux_Yes: NuclearPenguins: Olympic Trolling Judge: NuclearPenguins: Those are your examples of how web3 will be revolutionary? lol. Seek help.

Search engines and video hosting simply weren't possible before bLoCkChAiN.  This is as big as HTML5.  Bigger, even.

Did you see the list of videos it suggested? lol.

where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.

where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.


You're holding up YouTube as an example of decentralized web in action?
 
2022-08-08 1:22:57 PM  

Magorn: Barricaded Gunman: So once again the whole crypto experience breaks down to malevolent, libertarian douchebros trying to scam each other and everyone else.

This is what astonishes me about Bitcoin and it's progeny.  Half the stories about it are about "hackers" stealing staggering amounts of money with dirt-simple exploits (In part because Crypto people seem willing to use code written by someone they only know a "Edgelord277" in their platforms) and somehow these "coins" that have a written record of every transaction ever done with them BUILT INTO THEM, are untraceable/unrecoverable after this happens


Why would ANYONE, let along big time Wall Street type risk so much as a clipped  penny in this environment?


They don't.  They invest in the companies that are fleecing the rubes.  Those are very profitable.
 
2022-08-08 1:23:17 PM  

Linux_Yes: NuclearPenguins: Olympic Trolling Judge: NuclearPenguins: Those are your examples of how web3 will be revolutionary? lol. Seek help.

Search engines and video hosting simply weren't possible before bLoCkChAiN.  This is as big as HTML5.  Bigger, even.

Did you see the list of videos it suggested? lol.

where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.

where was youtube when it first started out???   these videos weren't bought by google.  they're made by the community.  iow, Real YOUtube, not licensed by copywrite holders.

over time, its content will improve.  once its gets big enough then our copyright buddies will be interested in being paid by crypto too.


DTube launched in July 2016.  TikTok launched in September 2016.  One of them became popular.  One of them didn't.  The market has spoken, and it's telling you to fark off.

DTube launched in July 2016.  TikTok launched in September 2016.  One of them became popular.  One of them didn't.  The market has spoken, and it's telling you to fark off
 
2022-08-08 1:31:43 PM  

Linux_Yes: TappingTheVein: Also world-wide money laundering just got a major hit: the US Treasury added Tornado Cash to its blocked list.
The people at web3isgoinggreat.com can hardly keep up with this shiat.


Web1 (~1990-2005) - Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.
Web2 (~2005-present) - Siloed, centralised services with value and content ownership granted to a handful of large companies. Far more advanced in functionality but also subject to digital authoritarianism.
Web3 (present-) - Aims to combine the decentralisation and ideals of web1 with the more advanced functionality of web2.


There is literally nothing about 'web2' that requires it to be centralized. People just prefer the convenience and being large provides financial and practical advantages.

Everyone who posts content to YouTube could instead post to their own personal website and we could use aggregators to make it easier to see videos on each individual's site.

But the vast majority of people didn't like it. They preferred to aggregate into a handful of huge sites.

Centralization offers a ton of other advantages too.

There are only a few niche situations that benefit from decentralization. Like buying drugs off the internet.

Web 2.0 wasn't a dramatic shift. It was a series of incremental improvements driven by technological improvements. Fancy interactive UI's, fast connections, and piles and piles of existing code and frameworks made it easier and more popular. But the concept isn't original at all, BBS's were doing the same thing back in the day.

Also nobody 'grants' web 2.0 companies anything, like your post claims. It's not like someone granted Facebook the boomer demographic.

What you've posted feels like nonsense, if I'm being perfectly honest.
 
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