schrotthaufenMay 26
Show threadPaul Schoonhoven 🍉 🍋
@schrotthaufen 😅😅👍
May 27 at 10:25amWeb
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schrotthaufenMay 26
Show threadschrotthaufenMay 27

Since this blew up (for my levels of blowing up):

1) I am not Pat
2) What’s happening in Gaza is a genocide
3) Trans women are women
4) Read https://vcinfodocs.com

Venture Capital Status

Venture Capital Status
Show threadFleshMay 26
@schrotthaufen To be fair, the Ponzi scheme is pretty much a constant.
The whole idea is investing in a system that most of the time simply cannot produce value. So any value extracted by investors has to be the funds injected by other investors.
It's not really 1-to-1 with a proper Ponzi scheme, but close enough.
Show threadJustRosy 🇺🇦May 26
@schrotthaufen Hold my beer while I choke on my laughter! 😂
Show threadMarshall EubanksMay 26

@schrotthaufen

And some try to be all of these at once.

Show threadsamiamsamMay 26

@schrotthaufen

lol FACT it is all a scam and criminal money laundering and grift

Show threadIvey Janette McClellandMay 27
@samiamsam @schrotthaufen As much of a scam, launder and grift as the numbers game played in the hood before lotteries became legal.
Show threadLambdachroMay 26

@schrotthaufen

Cryptocurrencies are the metastases of a cancer called tech capitalism.

Show threadArtemisMay 26
@schrotthaufen
Don't forget the money laundering.
Show thread⚯ Michel de Cryptadamus ⚯May 26

crypto money laundering is core to the broligarch business model

https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

Of Tech Bros And Trumpers

The reason Silicon Valley billionaires at firms like a16z and Sequoia Capital suddenly decided to back Donald Trump is not a mystery.

The Cryptocalypse Chronicles
Show threadRoss of OttawaMay 26
@schrotthaufen begs for a Ponzi Certification Authority.
Show threadschrotthaufenMay 26
@ottaross It runs on a Proof of Scam blockchain, of course. (There’s absolutely intentional overlap with the more commonly known pos acronym. I swear!)
Show threadRoss of OttawaMay 26
@schrotthaufen lol
Show threadMillyMay 26
@schrotthaufen Classic
Show threadDenzil Ferreira May 26
@schrotthaufen I was once a blockchain enthusiast. Missing are NFT of monkey pictures and staking (I.e. give money to others and thinking you will get more back over time)…
Show threadschrotthaufenMay 26
@denzilferreira I’m glad you got out of that cult!
Show threadDenzil Ferreira May 26
@schrotthaufen me too 😅 as a computer scientist, I entertained the idea of blockchain as a scalable (it’s not) database. There is no use-case that makes sense for blockchain, especially if it involves monetary attribution. Decentralised databases, such as Fediverse, don’t require every single instance of the host to have a copy of the database. So as time goes on, on crypto, you have increasingly more storage requirements, and computational verification of each transaction (increasingly more energy).
Show threadLightMay 26
@schrotthaufen @mike805 Crypto is probably the only thing keeping governments from cutting off donation flows to protest orgs like Wikileaks. Because, you know, everyone now has the option of a censorship-resistant payment method.
Show threadTill O'Rly May 27
@light @schrotthaufen @mike805 except the address is public, so it wouldn't really be a problem to go "jada jada cybercrime" and seize that wallet.
Show threadLightMay 27
@mrgl
Privacycoins
@schrotthaufen @mike805
Show threadLightMay 28
@mrgl
Oh, you mean the address of the organisation?
@schrotthaufen @mike805
Show threadsͧb̴ͫƸ̴gͬᵉMay 26
@schrotthaufen Awesome, now do ”AI”!
Show threadschrotthaufenMay 26
@subm3rge All credit goes to Pat Dennis.
Show threadRemi  May 26

@schrotthaufen

Not everything in crypto is a scam, only 99.8 percent, the last bit is people buying hrt because they're stuck in fascist regimes where they can't obtain it legally

Show threadGhostOnTheHalfShellMay 26

@schrotthaufen

@cryptadamist

Why constrain ourselves to single categories, crypto can be everywhere at once and everything to all people’s especially criminals.

Show threadℒӱḏɩę May 26
@schrotthaufen is the dollar really any better though?
Show threadschrotthaufenMay 26
@Lydie The dollar is not a weapon for fascist tech VCs to bring about their neo-colonialist, neo-feudal network state. And it’s not burning down our planet, or making people who live near the mining datacenters sick from the noise pollution. Don’t get me wrong, though. We need to abolish capitalism altogether, if we want to have any semblance of a livable future.
Show threadFleshMay 27
@Lydie @schrotthaufen Both have their flaws and misuse, but the dollar at least has use in a genuine economy, while crypto is used mostly just for scams and crimes. Sometimes cool crimes, but still.
Show threadKnut 🏳️‍🌈 🇳🇴🧸May 26
@schrotthaufen i remember reading a paper years ago, while I was still in school talking about blockchain being one of the greatest checksum technologies available that would usher in a new era of fraud tolerant contracts and banking ledgers, and finally render mainframes obsolete. I hope that guy isn't living in a dumpster in disappointment. I feel bad for him because it was a good paper.
Show threadPooblemooMay 26
@schrotthaufen Hilarious and so snarky. Love it.
Show threadArchaeoIainMay 26
@schrotthaufen that could be the best argument ever about how wrong it is to support diversity. On the other hand, there might just be diversity in everything. But I support with every fabric of my being the encouragement of equal treatment of the Diversity in our attitudes to other people, so long as it also leads to more Equality.
Show threadIvey Janette McClellandMay 27

@schrotthaufen Say what?

It's a Ponzi scheme by any other name.

Multi level marketing at its finest.

Show threadCodhisattvaMay 27
@schrotthaufen @lisamelton lets not omit the rug pull…
Show threadMaxi 11x 💉May 27
@mspro ^^
Show threadMichael SeemannMay 27
@frumble witzig ist ja, dass das inzwischen ein settled case ist und all die „befreiungserzählungen“ quasi verstummt sind, aber trotzdem alle weitermachen.
Show threadsabikMay 27
@schrotthaufen
@saraislet
There's even a variety of non-fraudulent schemes in the crapto space, like money laundering, drug dealing, tax evasion and extortion
Show threadEric FreyMay 27
@schrotthaufen They are diverse and inclusive. They want your equity. I think you can call them DEI.
Show threadapostrophesiahMay 27
@schrotthaufen I hate how people have turned crypto into an investment system, when it was intended to simply be p2p money. I think only 30% of people holding crypto actually understand Satoshi Nakamoto's vision
Show threadmeowkiMay 27
@schrotthaufen I call it last decade's AI.
Show threadPaul Schoonhoven 🍉 🍋May 27
@schrotthaufen 😅😅👍
Show threadsaucerlostMay 27

@schrotthaufen
This is why I've invested in SchemeCoin. It's... uh.. well, the thing is, you see..

Oh hell, they got me again

Show threadschrotthaufenMay 27
@saucerlost Oh… I thought that was a coin implemented with Lisp :(((
Show threadGJun 4
@schrotthaufen needs to add presidential campaign fraud to the diversity list