#tw crypto

[modmad]

uh hate to be the bearer of grey news, but the decline of bitcoin is also due to there being riots in Kazakhstan (I think). Basically, fuel prices suddenly went way up, people started rioting, the president gave the order to shoot to kill any protesters (bad) and he gave the order to shut the internet down (also bad). Kazakhstan is the #2 bitcoin mining country (after the US), so after the internet shutdown bitcoin went down, dragging crypto currency down along with it (I think?).

I also found an article that said yes, the fuel prices are the main thing but bitcoin mining in K (since electricity there is so cheap) also contributed to power outages and generell unrest. (this was only 1 article & also in German so idk how accurate that is)

Idk what the lesson learned is supposed to be, please do celebrate the much needed fall of crypto (fuck yes), but maybe also keep the messed up stuff in K that kinda caused the fall of crypto in mind if you can. And do some independent research if possible, I'm just some rando on the internet and sure as heck not a reliable source and uh hope you have a good day, srry to be a downer :p

TURNS OUT IT WAS MORE COMPLICATED THAN US MANIFESTING IT THROUGH WILLPOWER BUT NOW I'M BETTER EDUCATED SO THAT'S COOL

[afterdarkpixels]

*adds to vocabulary*

[thehugwizard]

I love trolling around on twitter and viewing Crypto and NFT morons getting utterly obliterated, dunno its a fun pass time

[mihai-florescu]

I said this on instagram earlier but really it's more of a tumblr post. If i was a cryptobro i would jump off a building and ask my homies to make an nft out of my corpse. Aaand send.

[lanphet]

Eat the rich? More like eat the blockchain

[modmad]

Hey Mod! Not sure if you saw, but kickstarter is getting into crypto bullshit :( I did see that the same company you used to get TPOH turned physical and the one that hosts your shop, Topatoco, has created a crowdfunding site too!

https://go.topatoco.com/

I figured you'd want to know since you've used KS and this site in the past for any future crowdfunding projects you may consider <3

yes! I am very aware of the bullshit that KS has pulled. It is very awful and is especially suck for people who started running funders right when they made this announcement (without telling anyone beforehand, nobody could have anticipated it or found alternate means in time). I am not going to be using Kickstarter for my next fund raiser, whenever that will be, but will very likely be using Topatoco who have already contacted me about it as a possibility.

[horkbajir99]

Officially lost my 60-something year old father to cryptocurrency. Thoughts and prayers

[sasquapossum]

I strongly dislike “crypto” - cryptocurrencies like Bitcoin, not cryptography. (Yes, I’m still salty about the Bitcoin Boyz making that contraction unusable for its originators.) Some of the basic ideas are sound and interesting, from either a computer science or a finance perspective. Unfortunately, the current implementations of of those ideas leave little possibility of real-world crypto being much more than a haven for scammers, extortionists, money launderers, etc. So I’m particularly proud of this exchange.

whiny crypto fan: I'll be surprised the day there's a positive article about crypto on HN.

me:  I'd be very surprised if there's a positive article about asbestos either, for the very same reasons.