Cryptocurrency (and related fuckery)

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Cryptominers aren’t just a headache – they’re a big neon sign that Bad Things are on your network

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It’s probably great for off the books gun running operations. And honey pots.

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And creating black budgets out of thin air without any oversight.
Well, makes a change from distributing drugs to to that.

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Ubisoft announced in-game NFT items… it did not go well.

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It looks like there is a power struggle at Wetherspoon’s. It all looks great, until the end.

Other than all the other problems with NFTs, what exactly is a pub going to use them for? Or the average worker?

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Say Word Lol GIF by Desus & Mero

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International Monetary Fund warns crypto-related risks could soon become systemic

The International Monetary Fund (IMF) has called for global, comprehensive, consistent, and coordinated regulation to protect the stability of the world’s financial systems.

That stern call was made yesterday in a post by Tobias Adrian, director of the IMF’s Monetary and Capital Markets Department, and his deputies Dong He and Aditya Narain.

[…]

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“Sure, we’ll get right on that bro…”

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Oh beautiful, a DAO also (I feel for you if you know what they are), those hackers hit a buzzword bingo.

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Wasn’t the irreversible nature of crypto transactions, with no authority around to reverse them, one of the “features” crypto enthusiasts told us was a good thing?

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Turns out that sucks. So instead we’re going to redevelop the financial system one step at a time, until there are no differences except that one burns massive amounts of energy for its own sake…to be fixed by proof of stake, a couple months from whenever you ask. Won’t that be neat to watch?

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kurt cobain shut up GIF

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Hahahaha

“Worth…”

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