Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
Just remember that half the people you meet are below average intelligence.
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
But what if they had to put on a clumsy $500 headset that was attached to a $500 computer first?
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
But what if they had to put on a clumsy $500 headset that was attached to a $500 computer first?
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
PSN,Steam,Live | CptHamiltonian
+16
Options
ElldrenIs a woman dammitceterum censeoRegistered Userregular
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
You really buried the lede on "I have access to a private fuck island" there.
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
Wait real fuck island or imaginary SecondLife fuck island?
Because if it's the former hats off.
+21
Options
jmcdonaldI voted, did you?DC(ish)Registered Userregular
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
Wait real fuck island or imaginary SecondLife fuck island?
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
Wait real fuck island or imaginary SecondLife fuck island?
Because if it's the former hats off.
More than hats I’d think
Actually, I have it on good authority that "You Can Leave Your Hat On".
I feel like nobody is going to bail out cryptocurrency failures because nothing in that sphere threatens to destabilize any system that anybody with real money or political power actually gives a shit about, and there’s no legal obligation to do so (fingers crossed this remains true).
Like, the entire market could implode (fingers crossed again), and it would suck for many, many people who got scammed, but it’s not going to panic mainstream investors, it’s not going to have downstream effects on other industries, it’s just… not going to really matter for those who never put their money into the crooked casino.
Edit: If basically nothing happens to anybody else when your ‘investment’ craters, that seems like a pretty strong indicator that you’ve been investing in absolutely nothing.
A sacrifice I am willing to make if it means I can get a new GPU for less than $700
You basically can now. You can find 3080 and 3070 and their ti variants at MSRP in brick and mortar stores pretty regularly now. Granted their msrps were never below $700 but I suppose you could find lesser cards for that much of you wanted to too
India is thinking about putting a 28% additional tax on crypto transactions, treating it like gambling.
Per government sources, the GST Council, the country’s tax decision-making body, has nominated a law committee, which will decide on the tax proposal. The committee’s views will be put forth before the council for formal approval.
Official sources told CNBC that the creation of a law committee and all other backend work on the proposal have started well ahead of the council’s next meeting, which is yet to be fixed. They noted:
“There are various aspects of cryptocurrencies – the transactions involving cryptos, cryptos being used to make purchases, cryptos being received as payments. All these aspects are under examination and will be discussed by the law committee.”
The law committee on GST comprises of 23 bureaucrats that represent indirect tax matters from the center and states. Per another local media report, the move arrives after several members of parliament (MPs) demanded to raise GST on cryptocurrencies to 28% like gambling and lotteries.
At present, crypto exchanges are subject to an 18% GST slab on services provided to users under the financial services category. Additionally, online gambling without betting attracts 18%, while all other activities such as casinos, betting, horse racing are levied at 28% GST.
If I'm reading this correctly, the largest corporate owner of bitcoin is a company called MicroStrategy. Where they use their bitcoins as collateral to secure loans to buy bitcoins?
They had their earnings call yesterday and reported an Earnings Per Share of -$10.42 and unrealised losses of 330 million dollars due to the decrease in bitcoin value.
MicroStrategy has been on a two-year, debt-fueled Bitcoin buying spree, accumulating billions of dollars worth of them -- shifting its corporate focus from developing software to becoming a proxy for the price of Bitcoin.
With borrowing, there are rules. Loans often require collateral, and you have to pay back sometimes-giant principal balances when debt matures. MicroStrategy faces both of those obligations. Bitcoin this week crumbled below $26,000, putting within reach price levels that boost the pressure on MicroStrategy.
The company’s shares have lost more than half their value in the past few weeks amid a Bitcoin rout. Its junk bonds have fallen, too, sinking at one point Thursday below 72 cents on the dollar -- nearing distressed levels. Both have rebounded Friday, with the stock up as much as 29% and the junk bonds back above 82 cents.
MicroStrategy borrowed $205 million through a three-year term loan in March, which the company then used to buy more of the cryptocurrency. Thousands of Bitcoin are pledged as collateral, which must be valued at no less than $410 million. If Bitcoin drops to about $21,000, the company would need to pledge more collateral, according to an earnings conference call early this month.
Bitcoin so far has only retraced to 2020. I thought it was nuts at $1000; let's shoot for that first.
It's never going to go down that far because too many people invested at higher than that and will never settle for anything less.
Stocks can collapse into nothing because the company can close up, and you know you'll receive nothing if you don't go out before that happens.
But Bitcoin will never "close." You will always have the option to sell later on, which means you can always carry the hope of being able to sell at a higher price if you hold.
Bitcoin so far has only retraced to 2020. I thought it was nuts at $1000; let's shoot for that first.
It's never going to go down that far because too many people invested at higher than that and will never settle for anything less.
Stocks can collapse into nothing because the company can close up, and you know you'll receive nothing if you don't go out before that happens.
But Bitcoin will never "close." You will always have the option to sell later on, which means you can always carry the hope of being able to sell at a higher price if you hold.
IF it's sitting at 20k with no volume, it's not actually 20k.
Bitcoin so far has only retraced to 2020. I thought it was nuts at $1000; let's shoot for that first.
It's never going to go down that far because too many people invested at higher than that and will never settle for anything less.
Stocks can collapse into nothing because the company can close up, and you know you'll receive nothing if you don't go out before that happens.
But Bitcoin will never "close." You will always have the option to sell later on, which means you can always carry the hope of being able to sell at a higher price if you hold.
IF it's sitting at 20k with no volume, it's not actually 20k.
*looks meaningfully at 99.9% of the Russian stock market*
If I'm reading this correctly, the largest corporate owner of bitcoin is a company called MicroStrategy. Where they use their bitcoins as collateral to secure loans to buy bitcoins?
They had their earnings call yesterday and reported an Earnings Per Share of -$10.42 and unrealised losses of 330 million dollars due to the decrease in bitcoin value.
MicroStrategy, the somewhat recently best-in-class data visualization company until it had its lunch fucking stolen by Tableau?
MicroStrategy has been on a two-year, debt-fueled Bitcoin buying spree, accumulating billions of dollars worth of them -- shifting its corporate focus from developing software to becoming a proxy for the price of Bitcoin.
With borrowing, there are rules. Loans often require collateral, and you have to pay back sometimes-giant principal balances when debt matures. MicroStrategy faces both of those obligations. Bitcoin this week crumbled below $26,000, putting within reach price levels that boost the pressure on MicroStrategy.
The company’s shares have lost more than half their value in the past few weeks amid a Bitcoin rout. Its junk bonds have fallen, too, sinking at one point Thursday below 72 cents on the dollar -- nearing distressed levels. Both have rebounded Friday, with the stock up as much as 29% and the junk bonds back above 82 cents.
MicroStrategy borrowed $205 million through a three-year term loan in March, which the company then used to buy more of the cryptocurrency. Thousands of Bitcoin are pledged as collateral, which must be valued at no less than $410 million. If Bitcoin drops to about $21,000, the company would need to pledge more collateral, according to an earnings conference call early this month.
Bitcoin so far has only retraced to 2020. I thought it was nuts at $1000; let's shoot for that first.
It's never going to go down that far because too many people invested at higher than that and will never settle for anything less.
Stocks can collapse into nothing because the company can close up, and you know you'll receive nothing if you don't go out before that happens.
But Bitcoin will never "close." You will always have the option to sell later on, which means you can always carry the hope of being able to sell at a higher price if you hold.
IF it's sitting at 20k with no volume, it's not actually 20k.
There will always be volume because of black market demand, and the black market doesn't care about the price of bitcoin because their purchases will always scale to the USD equivalent.
For instance, if you're in the market for cocaine and the going rate of cocaine rises to $100,000 per kilo, then you can say that's overpriced an refuse to pay. And if there's no demand for cocaine, the price goes down.
But if you're buying bitcoin to buy a kilo of cocaine and the price of bitcoin rises to $100,000, it doesn't actually matter. Because you don't actually need 1 whole bitcoin to buy a kilo of cocaine, you only need a fraction of a bitcoin. If the price of bitcoin goes up, you need a smaller fraction of a bitcoin to buy your cocaine, so it all balances out.
If I buy bitcoin and spend bitcoin on the same day, then I don't actually care what the price is, as long as it didn't change significantly between those times.
On 12 May 2022 between 12:40 – 13:39 (UTC) users who traded LUNA were quoted an incorrect price. Our systems quickly detected the error and trading was halted. Trading remains halted until further notice.
All impacted trades (buy and sell) will be reversed, and affected users will be credited USD $10 in CRO for the inconvenience caused. Affected users are being informed via email.
Remember that "trades can't be reversed" is meaningless if the crypto is all in some wallets the exchange controls
Bitcoin so far has only retraced to 2020. I thought it was nuts at $1000; let's shoot for that first.
It's never going to go down that far because too many people invested at higher than that and will never settle for anything less.
Stocks can collapse into nothing because the company can close up, and you know you'll receive nothing if you don't go out before that happens.
But Bitcoin will never "close." You will always have the option to sell later on, which means you can always carry the hope of being able to sell at a higher price if you hold.
IF it's sitting at 20k with no volume, it's not actually 20k.
There will always be volume because of black market demand, and the black market doesn't care about the price of bitcoin because their purchases will always scale to the USD equivalent.
For instance, if you're in the market for cocaine and the going rate of cocaine rises to $100,000 per kilo, then you can say that's overpriced an refuse to pay. And if there's no demand for cocaine, the price goes down.
But if you're buying bitcoin to buy a kilo of cocaine and the price of bitcoin rises to $100,000, it doesn't actually matter. Because you don't actually need 1 whole bitcoin to buy a kilo of cocaine, you only need a fraction of a bitcoin. If the price of bitcoin goes up, you need a smaller fraction of a bitcoin to buy your cocaine, so it all balances out.
If I buy bitcoin and spend bitcoin on the same day, then I don't actually care what the price is, as long as it didn't change significantly between those times.
I feel like you're not hearing me: If you're paying in bitcoin it's still 100 per, but I need another 15 in escrow per kilo.
If you can find a better offer, take it, but I'm not losing another finger for you.
0
Options
ElldrenIs a woman dammitceterum censeoRegistered Userregular
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
Wait real fuck island or imaginary SecondLife fuck island?
I am really curious what would happen if Tether was unable to maintain its pegged value. From my understanding, the relationship between Tether and Bitcoin shares some similarities to that between Luna and Terra so the Tether scam falling apart could have serious consequences for Bitcoin (and therefore all other crypto bullshit stuff).
If I'm reading this correctly, the largest corporate owner of bitcoin is a company called MicroStrategy. Where they use their bitcoins as collateral to secure loans to buy bitcoins?
They had their earnings call yesterday and reported an Earnings Per Share of -$10.42 and unrealised losses of 330 million dollars due to the decrease in bitcoin value.
MicroStrategy, the somewhat recently best-in-class data visualization company until it had its lunch fucking stolen by Tableau?
MicroStrategy has been on a two-year, debt-fueled Bitcoin buying spree, accumulating billions of dollars worth of them -- shifting its corporate focus from developing software to becoming a proxy for the price of Bitcoin.
With borrowing, there are rules. Loans often require collateral, and you have to pay back sometimes-giant principal balances when debt matures. MicroStrategy faces both of those obligations. Bitcoin this week crumbled below $26,000, putting within reach price levels that boost the pressure on MicroStrategy.
The company’s shares have lost more than half their value in the past few weeks amid a Bitcoin rout. Its junk bonds have fallen, too, sinking at one point Thursday below 72 cents on the dollar -- nearing distressed levels. Both have rebounded Friday, with the stock up as much as 29% and the junk bonds back above 82 cents.
MicroStrategy borrowed $205 million through a three-year term loan in March, which the company then used to buy more of the cryptocurrency. Thousands of Bitcoin are pledged as collateral, which must be valued at no less than $410 million. If Bitcoin drops to about $21,000, the company would need to pledge more collateral, according to an earnings conference call early this month.
Holy fuck!!
Seriously, this sounds like vulture capitalism, except for they are buying out currency, instead of buying out a company.
How can you use the market that you are pumping to get loans to pump the market? Isn't that just a circle? They are putting bitcoin debts into banks to get bitcoins?
Just think of it like getting a line of credit on the house you live in, using that line to buy another house, getting a line on that house, which you then use to buy a third house…
Ive never bought a house. Is that how buying houses works? Is that why I can't buy a house?!
It’s not typical but nowadays yeah people are buying their next house in cash and moving in before selling their current house because the market is fucked
If you don’t already have a house you basically can’t get a house
Lol fuck my boss wants me to start talking with a vendor to build a bank branch in the metaverse
……..
Is your boss aware that ATMs and online banking are so popular because people hate going to bank branches and so sure as shit aren't going to want to go to a bank branch in VR?
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
Wait real fuck island or imaginary SecondLife fuck island?
Because if it's the former hats off.
The latter. So only virtual hats off
Shucks. I'll go kick rocks.
I was hoping someone got a real fuck island out of IBM.
:monkey paw curls: your friend was Epstein.
+1
Options
MonwynApathy's a tragedy, and boredom is a crime.A little bit of everything, all of the time.Registered Userregular
Ive never bought a house. Is that how buying houses works? Is that why I can't buy a house?!
It’s not typical but nowadays yeah people are buying their next house in cash and moving in before selling their current house because the market is fucked
If you don’t already have a house you basically can’t get a house
This is also what people were doing in 2008.
Except for the variable rate loans, we've learned nothing in the last 15 years.
Posts
Just show up to the meeting as Lemongrab and stay in character for the whole call, they'll go back to using phones/zoom/whatever.
I'm reminded of some of the companies that set up a presence inside Alphaworld in the late 90s. Turns out a 3d representation of your website is a godawful way for people to interact with that information.
But what if they had to put on a clumsy $500 headset that was attached to a $500 computer first?
Does that move the needle?
I don't know, is the headset nausea inducing ?
And then again in the lat 2000's in SecondLife, because they didn't learn their lesson the first time. So I guess we're going to go around the wheel again.
I was an acquaintance of the person in charge of IBM’s SecondLife presence. They plowed so much money into it that my acquaintance managed to siphon off an entire private fuck island with nobody caring
You really buried the lede on "I have access to a private fuck island" there.
Wait real fuck island or imaginary SecondLife fuck island?
Because if it's the former hats off.
More than hats I’d think
Convince them to let you spend the money on a Microsoft Bob presence.
Actually, I have it on good authority that "You Can Leave Your Hat On".
You basically can now. You can find 3080 and 3070 and their ti variants at MSRP in brick and mortar stores pretty regularly now. Granted their msrps were never below $700 but I suppose you could find lesser cards for that much of you wanted to too
Edit: here have an EVGA 3070ti for $700
India is thinking about putting a 28% additional tax on crypto transactions, treating it like gambling.
They had their earnings call yesterday and reported an Earnings Per Share of -$10.42 and unrealised losses of 330 million dollars due to the decrease in bitcoin value.
https://finance.yahoo.com/news/microstrategy-bitcoin-binge-hasn-t-164444930.html?.tsrc=rss
It's never going to go down that far because too many people invested at higher than that and will never settle for anything less.
Stocks can collapse into nothing because the company can close up, and you know you'll receive nothing if you don't go out before that happens.
But Bitcoin will never "close." You will always have the option to sell later on, which means you can always carry the hope of being able to sell at a higher price if you hold.
IF it's sitting at 20k with no volume, it's not actually 20k.
*looks meaningfully at 99.9% of the Russian stock market*
MicroStrategy, the somewhat recently best-in-class data visualization company until it had its lunch fucking stolen by Tableau?
Holy fuck!!
There will always be volume because of black market demand, and the black market doesn't care about the price of bitcoin because their purchases will always scale to the USD equivalent.
For instance, if you're in the market for cocaine and the going rate of cocaine rises to $100,000 per kilo, then you can say that's overpriced an refuse to pay. And if there's no demand for cocaine, the price goes down.
But if you're buying bitcoin to buy a kilo of cocaine and the price of bitcoin rises to $100,000, it doesn't actually matter. Because you don't actually need 1 whole bitcoin to buy a kilo of cocaine, you only need a fraction of a bitcoin. If the price of bitcoin goes up, you need a smaller fraction of a bitcoin to buy your cocaine, so it all balances out.
If I buy bitcoin and spend bitcoin on the same day, then I don't actually care what the price is, as long as it didn't change significantly between those times.
I feel like you're not hearing me: If you're paying in bitcoin it's still 100 per, but I need another 15 in escrow per kilo.
If you can find a better offer, take it, but I'm not losing another finger for you.
The latter. So only virtual hats off
it'll probably burn down less forests at least
Seriously, this sounds like vulture capitalism, except for they are buying out currency, instead of buying out a company.
How can you use the market that you are pumping to get loans to pump the market? Isn't that just a circle? They are putting bitcoin debts into banks to get bitcoins?
It’s not typical but nowadays yeah people are buying their next house in cash and moving in before selling their current house because the market is fucked
If you don’t already have a house you basically can’t get a house
Shucks. I'll go kick rocks.
I was hoping someone got a real fuck island out of IBM.
:monkey paw curls: your friend was Epstein.
This is also what people were doing in 2008.
Except for the variable rate loans, we've learned nothing in the last 15 years.
Updated numbers: his contact has now lost him money due to taxes.
I wonder how solvent that company is at the moment.
Though the latter is a national loss that keeps getting compounded because he keeps trying to buy on the dip...