Interesting Stories From The Internet

Husky_Khan

The Dog Whistler... I mean Whisperer.
Founder
The life, death and resurrection of Sandy Island. The "island" which was first recorded to exist in 1876 by Whalers, was never recorded again but somehow ended up on modern digital geographical maps, such as Google Earth.


The current theory is that the island never existed and Whalers might've mistaken the "island" for a pumice raft caused by the cooling of erupting undersea volcanoes.
 

Jormungandr

The Midgard Wyrm
Founder
The life, death and resurrection of Sandy Island. The "island" which was first recorded to exist in 1876 by Whalers, was never recorded again but somehow ended up on modern digital geographical maps, such as Google Earth.


The current theory is that the island never existed and Whalers might've mistaken the "island" for a pumice raft caused by the cooling of erupting undersea volcanoes.
I remember stumbling across this one night when wiki-surfing: popular theories include a sandbar that went under the waves again, a coral reef (highly doubtful), or a massive mass of algae or something.

Or, a more likely explanation? The lookout or navigator on the ship was as pissed as a rat half the time. :ROFLMAO:
 

ATP

Well-known member
I remember stumbling across this one night when wiki-surfing: popular theories include a sandbar that went under the waves again, a coral reef (highly doubtful), or a massive mass of algae or something.

Or, a more likely explanation? The lookout or navigator on the ship was as pissed as a rat half the time. :ROFLMAO:
Or,it really vanished.Could happen to small island after eartshake.
 

Bacle

When the effort is no longer profitable...
Founder

World Record Trout, 73 pounds.

However unlike other record holders, this trout was put back in the lake and is still alive; may have been in the lake since the dam was completed 60 years ago.
 

Yinko

Well-known member

World Record Trout, 73 pounds.

However unlike other record holders, this trout was put back in the lake and is still alive; may have been in the lake since the dam was completed 60 years ago.
News from next week: "Colorado man daily dumping cubes of butter into reservoir in order to break own record".
 

PsihoKekec

Swashbuckling Accountant
https://bitcoinmagazine.com/legal/texas-bitcoin-mining-operation-shutdown-by-hosts-armed-security
Last Monday, November 27, Whinstone Inc.'s private security entered the Rockdale, TX-based premises of Rhodium Enterprises in order to remove employees to cease operation of their 125MW Bitcoin mining facility.

The legal battle that culminated in this seizure started on May 2, 2023 when Whinstone US, Inc., a subsidiary of Riot Platforms, filed a lawsuit against certain Rhodium entities. The dispute centered around hosting and energy agreements between the two parties, with Whinstone seeking damages for alleged unpaid hosting fees and a declaratory judgment asserting its right to terminate these agreements.

So in short, back in 2020 Whinstone signed a contract with Rhodium to provide energy at set prices and as you all probably know, the prices went up since. They tried to wiggle out of contract through legal fuckery, but since that wasn't working they simply sent security to shut them down.

Bitcoin mining is retarded idiocy anyway, it burns energy for the sake of creating fiat currency.
 

Simonbob

Well-known member
Bitcoin mining is retarded idiocy anyway, it burns energy for the sake of creating fiat currency.

It's still better than national monies.


It's interesting, in a way. The first few of every cryptocurrency is so easy, it's very, very cheap to make. But, as you get more and more of them, the amount of processing gets slowly beyond insane. But, those earlier coins are still there, and now have to be at least partly valued off the later energy and tech requirements.
 

bintananth

behind a desk
It's still better than national monies.


It's interesting, in a way. The first few of every cryptocurrency is so easy, it's very, very cheap to make. But, as you get more and more of them, the amount of processing gets slowly beyond insane. But, those earlier coins are still there, and now have to be at least partly valued off the later energy and tech requirements.
Crypto is basically a quasi-legal Ponzi scheme that's gonna be shut down when the authorities get around to saying "nope, that's not legal tender".

Crypto is not legal tender and the taxman tends to refuse and take dim view of it when it comes to tax time.

EDIT: "Render unto Caesar the things that are Caesar's, and unto God the things that are God's". It's from the Gospel and pay your worldly taxes is the message.
 
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Abhorsen

Local Degenerate
Moderator
Staff Member
Comrade
Osaul
Crypto is basically a quasi-legal Ponzi scheme that's gonna be shut down when the authorities get around to saying "nope, that's not legal tender".
... Lol no. You fundamentally don't understand what a ponzi scheme nor how decentralization works if you think this.

First, it's not a Ponzi scheme. Like at all. You could argue (wrongly, but you could) that it's a worthless asset, a bubble, etc, but you can't call it a ponzi scheme, as there's no skimming of money put into it.

Second, crypto is about as likely to get shut down as the cocaine trade. Sure, you can ban it, but have fun enforcing that ban lol. That's the entire reason it was made decentralized.
 

bintananth

behind a desk
... Lol no. You fundamentally don't understand what a ponzi scheme nor how decentralization works if you think this.

First, it's not a Ponzi scheme. Like at all. You could argue (wrongly, but you could) that it's a worthless asset, a bubble, etc, but you can't call it a ponzi scheme, as there's no skimming of money put into it.

Second, crypto is about as likely to get shut down as the cocaine trade. Sure, you can ban it, but have fun enforcing that ban lol. That's the entire reason it was made decentralized.
Considering that you're a libertarian who thinks that taxes are theft ...

Your argument doesn't carry much weight with me.
 

Abhorsen

Local Degenerate
Moderator
Staff Member
Comrade
Osaul
Considering that you're a libertarian who thinks that taxes are theft ...

Your argument doesn't carry much weight with me.
You can literally look up how crypto works, and see how wrong you are. You are arguing from ignorance, then complaining that I'm libertarian, not actually responding to any of my points.

Bitcoin mining is retarded idiocy anyway, it burns energy for the sake of creating fiat currency.
Eh, sorta. Fiat currencies huge problem is not that it's backed by basically nothing. The issue is how manipulatable it is by governments, the same problem currency has always had just much worse. Prior to fiat, governments would adjust how much precious metal was in coins, now the government doesn't even need that pretense.

Crypto dodges this problem by simply disabling everyone's ability to control how much of it is available. No one controls the supply, so no one gains power from it.

The big issue with crypto has always been making it more practical to use.
 

Jormungandr

The Midgard Wyrm
Founder
Crypto is basically a quasi-legal Ponzi scheme that's gonna be shut down when the authorities get around to saying "nope, that's not legal tender".

Crypto is not legal tender and the taxman tends to refuse and take dim view of it when it comes to tax time.

EDIT: "Render unto Caesar the things that are Caesar's, and unto God the things that are God's". It's from the Gospel and pay your worldly taxes is the message.
Then take it from someone who isn't a Libertarian: You don't understand what a Ponzi is, what crypto is, and that @Abhorsen is pretty much correct.

Also, why do people always throw in Christian shit in their debates out of the blue, like it's some form of "gotcha!"? You're really not helping the perception people have that we're a forum of religious nuts. smh
 
At the point that bitcoin actually gets used as an actual currency, I'll take it more seriously. from what I've seen 99% of it has been hype scams followed by rug pulls. it's essentially tulip mania on steroids.
 

Cherico

Well-known member
Then take it from someone who isn't a Libertarian: You don't understand what a Ponzi is, what crypto is, and that @Abhorsen is pretty much correct.

Also, why do people always throw in Christian shit in their debates out of the blue, like it's some form of "gotcha!"? You're really not helping the perception people have that we're a forum of religious nuts. smh

A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[1] Named after Italian businessman Charles Ponzi, this scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities (whereas the business activities are non-existent), or by exaggerating the extent and profitability of the legitimate business activities, leveraging new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the illusion of a sustainable business as long as investors continue to contribute new funds, and as long as most of the investors do not demand full repayment or lose faith in the non-existent assets they are purported to own.

Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women had invested. She was eventually discovered and served three years in prison.[2] The Ponzi scheme was also previously described in novels; Charles Dickens's 1844 novel Martin Chuzzlewit and his 1857 novel Little Dorrit both feature such a scheme.[3]

In the 1920s, Charles Ponzi carried out this scheme and became well known throughout the United States because of the huge amount of money that he took in.[4] His original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and to himself.[5] Unlike earlier similar schemes, Ponzi's gained considerable press coverage both within the United States and internationally both while it was being perpetrated and after it collapsed – this notoriety eventually led to the type of scheme being named after him.[6]
 

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