Buttcoin

cross-posted from: https://lemmy.dbzer0.com/post/15238521

Yet another "brilliant" scheme from a cryptobro. Naturally this caused a gold-rush for scammers who outsourced random people via the gig economy to open PRs for this yml file (example)

I met a traveller from an antique land,
Who said — Two vast and trunkless legs of stone
Stand in the desert. … Near them, on the sand,
Half sunk a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them, and the heart that fed;
And on the pedestal, these words appear:
FORTUNE FAVORS THE BR—
Nothing beside remains. Round the decay
Of that colossal Wreck, boundless and bare
The lone and level sands stretch far away.

Edward Snowden [blue checkmark] @snowden
Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

Ed pls.

archive: https://archive.ph/SicAy

Yesterday, the business section of El País, the Spanish newspaper of record, published this story.

It details how now people are investing in "tokens" using the blockchain, in something that looks pretty much like a regular REIT to me. 12 % average annual return, 6 % to 10 % MER. I already know the end of this movie.

I've contacted the local regulator (the Spanish SEC if you want) and asked them if they have published any information about this ~~scam~~ very sophisticated product.

I was wondering if this is also a thing outside of Spain. We can't have been the first ones to invent this shit.

If you can't access it due to the paywall I can send you a PDF, just DM me.

And I’m never wrong about this stuff. Never.

that drop was one hour after the latest billion tethers

the new narrative is apparently that the pump is in 90 days when financial advisors are finally ready to push bitcoin ETFs on their customers (for some reason)

ETFs put bitcoin on steroids!! y'know, asthmatic with shrunken balls

the bitcoin market is fake and in tethers, but the retail securities market is real and in dollars

my brother in Satoshi, you are the exit liquidity

yes, feel free to ask some here yourselves

* within acceptable margins of error

#1 We're All Gonna Make It: https://www.youtube.com/watch?v=yp0diaVLPrQ

#2 Ethereum: https://www.facebook.com/randizberg/videos/nobodyme-ok-heres-another-music-video-had-a-blast-on-this-collab-with-hila-the-k/531145045349722/

#3 Hello This Is Defi: https://twitter.com/randizuckerberg/status/1494416366710910992

Surgeon General's Warning: watching all of these back to back may make your brain ooze out of your nose.

• Tether is very good friends with the Feds
• SEC rejects Coinbase’s proposal to carve out special new rules for it
• Binance is still being Binance
• FTX will likely liquidate
• Three Arrows Capital creditors will likely get back 46%
• Crypto media goes through mergers
• Mt Gox payouts seem to have started

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