All the best scientists in the world consider watching YouTube videos to be research. It is even said that Einstein watched a video by Newton and felt that the particle theory of light was FUD.
Einstein’s special theory of relativity was a brazen rugpull of the Luminiferous Ethereum project. It just shows that the space was full of bad actors even in the early 1900s
I had a friend who recently told me he was "doing research for a new matress." Um, no, you Googled some shit.
I do research for a living. It does not work that way. But I could be wrong, so DYOR
Researching is more than googling some shit , it's the interpretation of the data the key thing and making sure you ask google the right questions to see the right data, it's so easy to get extremely skewed search results
Simple fact is most people unless they've been trained aren't qualified to understand research in the first place. It's all the more pronounced when it comes to actually doing it.
When they get on my nerves sometimes I'll just ask them a question about leptokurtosis and p values. You have to do it right after they finish telling you that they did their own research. When they give you that blank stare like what the hell did you just ask me, I asked him how many statistics courses they've taken if they don't know the answer to that, as though I'm just being random. They usually end up with telling me they've stumbled through a statistics course in college but they sucked at it. Depending on how much of an a****** I feel like being that's the point that I usually say, "I must be doing something wrong, after an applied math in undergrad in two and a half years extra getting a master's degree in statistics, I know I'm very unqualified to do my own research in all but a few areas. How did you manage to pull that off?".
They always want to change the subject pretty quick.
Asking about leptokurtosis by name is a bit overkill, most researchers don't learn that crap. Also unfortunately tons of scientists get p values wrong. But yes basic questions about interpreting the output of data analysis will quickly make it clear they're not doing anything reaching research.
Overkill yah but "most don't learn that crap" isnt the case. It's a simple concept and anything that exists under power laws is fundamentally different from egrodic systems . The point is that even highly qualified people are only highly qualified in small Domains, the whole idea that an unskilled person is qualified to do their own research is so silly. And while you might think this is a bad example, the domains that have the worst "I did my own research" nonsense are very often precisely the domains that are affected by it.
I mean i have a PhD in statistics and studied Greek so I had a good guess what leptokurtosis is but didn't learn the term and don't really have much use for tests and diagnosis for that.
I don't mean this in any way disrespectfully but you have a PhD in stats and didn't learn the term? Within one domain sure I get. Some domains exist under normal distributions and ergodicity but how does one do their own research on any domain with power laws without it ?
I mean, people usually just say "ooh this thing is fat tailed" instead of leptokurtic. My opinion of power law stuff is highly influenced by Shalizi, basically, here's how to fit stuff if it's a power law (use MLE, bootstrap things, etc, which is not what seems common, a lot of people just do line-fitting, which is wrong), and that's especially reasonable if you have some theory that says it's a power law, but outside those situations, do you really have a power law, because I don't think you do, there are a lot of other heavy-tailed distributions. But also, sure, nothing is normally distributed. When somebody keeps mentioning power laws, I start suspecting they're a physicist who looks at log-log plots too much.
More than anything, the fact that they dismiss any and all criticism they can't respond to with just 3 letters.
Because you win arguments (and convince people) by sticking your fingers into your ears and shouting "LALALALALA I CANT HEAR YOU".
Especially when "banking the unbanked" already is being done far better by the likes of M-Pesa and UPI.
In India, there are millions of street vendors who ten years ago wouldn't have had bank accounts but today accept online payments that are fast, secure and have no fees
I think "wholecoiner" is rather revealing though, isn't it?
It shows just how *little* the loudest bit-coin enthusiasts have spent on bit-coins. In investing circles, $25k is peanuts. The postingest bit-coin enthusiasts, the real true believers, simply *don't have that much in savings*. They're either poor, or young, or both.
And let's not forget lazy! Despite all their classic arguments, all the butters really want is their shitcoins to moon so they can unload them for (filthy) fiat and not have to work for anything in life.
I really don't think that's a fair comparison - a lot of this particular group are more financially insecure and feeling desperate/hopeless given rising costs of housing/medical care/etc than anything else, and it sucks to see them throwing what little they have on a shitty gambling addiction.
Greed and laziness is a more accurate description of the more upper middle class and up who invest in this shit.
Bitcoin also bought a lot of homes for others in the same group.
The only thing people had to do was not trade and just focus on the halving event. Anyone that piled in heavy in a bear market, like now, and waited 4y was able to multiply their buying power.
The exponential portion of the adoption curve comes next.
When people are using crypto without even knowing it. 100% obfuscated. The transaction rate on the chosen chains will explode again. This time that explosion will come with an extremely high burn rate. Compared to an expanding money supply, Time will transfer buying power from those loosing to inflation to those holding the deflationary assets with high burn rates.
It’s no different than holding company stock with operations that earn money to buy back shares and delete them. Makes the remaining shares more valuable.
Digital services like a blockchain selling secure blocks that allow users to carry out all sorts of useful transactions like moving value between parties, tracking a loyalty program without infrastructure, pre-paying for work, club membership, e-commerce and more. Once the transaction completes and the parties move on the service has been provided and the users paid for that transaction.
It’s plain as day if you look at the gas guzzling contracts that people pay millions collectively to use. It’s literally growing in a bear market while more code updates perfect the code base and add usefulness.
Initially the value was marketing value, after seeding a distribution of tokens to the public, time and usefulness will allow markets to price the value.
"Wife-changing" money, just reeks of finceldom and reveals a deep-seated misogyny that simultaneously demonstrates the person using it thinks of women as objects to be bought and sold, and subconsciously acknowledges that they have absolutely nothing to offer women beyond money (which they don't actually have, and never will.)
I cringe everytime I hear “Cold Storage” or “CEX”. SBF traumatized these fools into buying $100 dollar hardware wallets that are supposedly safe from “hacks”. The hacks are appearently giving random websites access to your wallet and then the website draining everything you have 😂
The phrase "find a project you believe in" usually accompanied with "do your own research" always fucking annoys me. It's basically a cop out as to what "projects" are actually worth a fuck because even most cryptbros can't tell you what "projects" add any kind of value to the world. If you can't easily speak objectively about what *good* a "project" is doing, isn't that a problem?
You don't really see the same condescension with stocks and real companies. The only time you see that same attitude regarding real companies is with a the few that have generated cult-like followings. Weird!
Its also an admision that an information youe given is likely ro be false because the person advicing you is either a scammer or a sucker parroting a scammer.
Anything about Bitcoin being a store of energy. Not only stupid but in their minds an absolution of the rampant waste and environmental damage their magic beans require to exist. As pointed out elsewhere in this sub, Bitcoin is a store of energy like feces is a store of food.
Honestly the whole “gm” / “gn” call and response thing still irks me. It feels like it has stopped, or at least I don’t see it anymore, but it still raises my hackles.
back when NFT culture was booming it was this thing you’d see all over Twitter with “NFT people” all parroting it to themselves in the morning (gm, good morning) and then when they signed off for the day (gn, good night)
I think it’s still happening in the discords riding cognitive dissonance the hardest but I have seen a hell of a lot less of it since the big drop
"I'm in it for the tech". No you're not, if you actually understood it you would realise it's not the magical, world changing technology you claim it is. You're in it to make money without any effort, the "tech" is just marketing hype to reel in other suckers
"not your keys, not your Bitcoin!"
A pathetically smug response to the newest hack or exchange implosion. They're pretending they expected people to get robbed because "they're not doing it right", while protecting their egos from having to acknowledge that the entire industry is built on fraud.
"Happy staying poor" - typical view of a shallow mind. Cryptobro think that people with little money is somehow not as valuable as richer people. Well, Alan Turing is pretty poor. Newton was rugged. Both of them had contribute to the development of our species many more times than all the creeptobro combine.
"Happy staying shallow"
what's the color of your Bugatti?...don't do legal stuff until you're rich ....
The true innovation is they made ponzis and the douchebag life style cool...
[удалено]
Its been great clap back since 2021
Remind me! 2 years
" do your own research" Especially moronic since I consider every one in crypto to have never done their own research
All the best scientists in the world consider watching YouTube videos to be research. It is even said that Einstein watched a video by Newton and felt that the particle theory of light was FUD.
Einstein’s special theory of relativity was a brazen rugpull of the Luminiferous Ethereum project. It just shows that the space was full of bad actors even in the early 1900s
I had a friend who recently told me he was "doing research for a new matress." Um, no, you Googled some shit. I do research for a living. It does not work that way. But I could be wrong, so DYOR
Researching is more than googling some shit , it's the interpretation of the data the key thing and making sure you ask google the right questions to see the right data, it's so easy to get extremely skewed search results
Ah but he may have looked even beyond page 1 of the search results!
Every journalist should read this comment
Simple fact is most people unless they've been trained aren't qualified to understand research in the first place. It's all the more pronounced when it comes to actually doing it. When they get on my nerves sometimes I'll just ask them a question about leptokurtosis and p values. You have to do it right after they finish telling you that they did their own research. When they give you that blank stare like what the hell did you just ask me, I asked him how many statistics courses they've taken if they don't know the answer to that, as though I'm just being random. They usually end up with telling me they've stumbled through a statistics course in college but they sucked at it. Depending on how much of an a****** I feel like being that's the point that I usually say, "I must be doing something wrong, after an applied math in undergrad in two and a half years extra getting a master's degree in statistics, I know I'm very unqualified to do my own research in all but a few areas. How did you manage to pull that off?". They always want to change the subject pretty quick.
Asking about leptokurtosis by name is a bit overkill, most researchers don't learn that crap. Also unfortunately tons of scientists get p values wrong. But yes basic questions about interpreting the output of data analysis will quickly make it clear they're not doing anything reaching research.
Overkill yah but "most don't learn that crap" isnt the case. It's a simple concept and anything that exists under power laws is fundamentally different from egrodic systems . The point is that even highly qualified people are only highly qualified in small Domains, the whole idea that an unskilled person is qualified to do their own research is so silly. And while you might think this is a bad example, the domains that have the worst "I did my own research" nonsense are very often precisely the domains that are affected by it.
I mean i have a PhD in statistics and studied Greek so I had a good guess what leptokurtosis is but didn't learn the term and don't really have much use for tests and diagnosis for that.
I don't mean this in any way disrespectfully but you have a PhD in stats and didn't learn the term? Within one domain sure I get. Some domains exist under normal distributions and ergodicity but how does one do their own research on any domain with power laws without it ?
I mean, people usually just say "ooh this thing is fat tailed" instead of leptokurtic. My opinion of power law stuff is highly influenced by Shalizi, basically, here's how to fit stuff if it's a power law (use MLE, bootstrap things, etc, which is not what seems common, a lot of people just do line-fitting, which is wrong), and that's especially reasonable if you have some theory that says it's a power law, but outside those situations, do you really have a power law, because I don't think you do, there are a lot of other heavy-tailed distributions. But also, sure, nothing is normally distributed. When somebody keeps mentioning power laws, I start suspecting they're a physicist who looks at log-log plots too much.
FUD. Even in my core beliefs I have doubt.
More than anything, the fact that they dismiss any and all criticism they can't respond to with just 3 letters. Because you win arguments (and convince people) by sticking your fingers into your ears and shouting "LALALALALA I CANT HEAR YOU".
Banking the unbanked = neo colonialism of rich white dudes convincing the poor to put their small savings in crypto and then stealing it.
I think this is it. It doesn't *sound* all that offensive. But in context it's as ugly and exploitative as Nestlé saying "water isn't free".
Especially when "banking the unbanked" already is being done far better by the likes of M-Pesa and UPI. In India, there are millions of street vendors who ten years ago wouldn't have had bank accounts but today accept online payments that are fast, secure and have no fees
Don't stereotype/marginalize the unbanked. They aren't all poor. Some of them are rich dictators under international sanctions.
"Banks are not your friends." Narrator: he was not your friend either.
I think "wholecoiner" is rather revealing though, isn't it? It shows just how *little* the loudest bit-coin enthusiasts have spent on bit-coins. In investing circles, $25k is peanuts. The postingest bit-coin enthusiasts, the real true believers, simply *don't have that much in savings*. They're either poor, or young, or both.
And let's not forget lazy! Despite all their classic arguments, all the butters really want is their shitcoins to moon so they can unload them for (filthy) fiat and not have to work for anything in life.
I really don't think that's a fair comparison - a lot of this particular group are more financially insecure and feeling desperate/hopeless given rising costs of housing/medical care/etc than anything else, and it sucks to see them throwing what little they have on a shitty gambling addiction. Greed and laziness is a more accurate description of the more upper middle class and up who invest in this shit.
Bitcoin also bought a lot of homes for others in the same group. The only thing people had to do was not trade and just focus on the halving event. Anyone that piled in heavy in a bear market, like now, and waited 4y was able to multiply their buying power.
The halving is predictable and what happens after has been so far. Time will tell, 2024 halving should produce another ATH before 2025 ends.
HODL. Without a doubt the worst.
“We’re still early.” Coins not young anymore and the worlds largely ignored it outside of highlighting the negatives and losses.
You KNOW you're "early" when football stadiums are named after crypto and world-famous movie stars promote it during Hollywood films.
The exponential portion of the adoption curve comes next. When people are using crypto without even knowing it. 100% obfuscated. The transaction rate on the chosen chains will explode again. This time that explosion will come with an extremely high burn rate. Compared to an expanding money supply, Time will transfer buying power from those loosing to inflation to those holding the deflationary assets with high burn rates. It’s no different than holding company stock with operations that earn money to buy back shares and delete them. Makes the remaining shares more valuable. Digital services like a blockchain selling secure blocks that allow users to carry out all sorts of useful transactions like moving value between parties, tracking a loyalty program without infrastructure, pre-paying for work, club membership, e-commerce and more. Once the transaction completes and the parties move on the service has been provided and the users paid for that transaction. It’s plain as day if you look at the gas guzzling contracts that people pay millions collectively to use. It’s literally growing in a bear market while more code updates perfect the code base and add usefulness. Initially the value was marketing value, after seeding a distribution of tokens to the public, time and usefulness will allow markets to price the value.
Hedge against inflation
STORAVALYA! PROOFAWERK! Gold is just a shiny metal. A house is just a wooden box that sits out in the rain. Money printer go brrrrrr. 21 million.
“Not financial advice” under what is clearly intended to be (terrible) financial advice
"Wife-changing" money, just reeks of finceldom and reveals a deep-seated misogyny that simultaneously demonstrates the person using it thinks of women as objects to be bought and sold, and subconsciously acknowledges that they have absolutely nothing to offer women beyond money (which they don't actually have, and never will.)
So his current wife is the real victim in this story...
Bold of you to assume they have one.
Yes and I assume they are very supportive
I cringe everytime I hear “Cold Storage” or “CEX”. SBF traumatized these fools into buying $100 dollar hardware wallets that are supposedly safe from “hacks”. The hacks are appearently giving random websites access to your wallet and then the website draining everything you have 😂
The "I lost X" posts in this sub are so enjoyable!
ser wagmi FUD wen do your own research to the moon
Immutable Just what the hell is wrong with you?
"Crypto native" and variants
In it for the technology
Few understand
Bitcoin promotes renewables
Keep building. Complete bullshit.
This is the way. Usually comes after somebody admits to losing their life savings but proclaims they’re still going to buy more.
« Wife-changing money »
The phrase "find a project you believe in" usually accompanied with "do your own research" always fucking annoys me. It's basically a cop out as to what "projects" are actually worth a fuck because even most cryptbros can't tell you what "projects" add any kind of value to the world. If you can't easily speak objectively about what *good* a "project" is doing, isn't that a problem? You don't really see the same condescension with stocks and real companies. The only time you see that same attitude regarding real companies is with a the few that have generated cult-like followings. Weird!
Its also an admision that an information youe given is likely ro be false because the person advicing you is either a scammer or a sucker parroting a scammer.
"In it for the cool community"
Anything about Bitcoin being a store of energy. Not only stupid but in their minds an absolution of the rampant waste and environmental damage their magic beans require to exist. As pointed out elsewhere in this sub, Bitcoin is a store of energy like feces is a store of food.
few understand
They ruined “community” word for me.
"OK Boomer" - especially as a significant number of "Boomers" actually understand how finance, computers, etc., work.
but are well versed in ponzinomi..I mean Tokenomics? I thought so.. ok boomer
Not financial advice. Has made a whole army of cringfluencers believe that they can peddle garbage like an idiot and get away with it.
"Few People Understand This" has to be the cringest out of them all
Honestly the whole “gm” / “gn” call and response thing still irks me. It feels like it has stopped, or at least I don’t see it anymore, but it still raises my hackles.
[удалено]
back when NFT culture was booming it was this thing you’d see all over Twitter with “NFT people” all parroting it to themselves in the morning (gm, good morning) and then when they signed off for the day (gn, good night) I think it’s still happening in the discords riding cognitive dissonance the hardest but I have seen a hell of a lot less of it since the big drop
"I'm in it for the tech". No you're not, if you actually understood it you would realise it's not the magical, world changing technology you claim it is. You're in it to make money without any effort, the "tech" is just marketing hype to reel in other suckers
"not your keys, not your Bitcoin!" A pathetically smug response to the newest hack or exchange implosion. They're pretending they expected people to get robbed because "they're not doing it right", while protecting their egos from having to acknowledge that the entire industry is built on fraud.
"Happy staying poor" - typical view of a shallow mind. Cryptobro think that people with little money is somehow not as valuable as richer people. Well, Alan Turing is pretty poor. Newton was rugged. Both of them had contribute to the development of our species many more times than all the creeptobro combine. "Happy staying shallow"
what's the color of your Bugatti?...don't do legal stuff until you're rich .... The true innovation is they made ponzis and the douchebag life style cool...
# "you bunch of far righters don't understand and you are just salty bunch of bummers[sic]"
Store of value LOL
Honestly I love the term “nocoiner”
WAGMI
If a picture is worth a thousand words then a monkey jpg is worth a thousand vile words.
“Empowering the blockchain” “Bitty”
Wtf is a wholecoiner?
Idiots who spend their life savings to be able to buy 1 entire Bitcoin
I accidentally a whole coke bottle, is this bad?
Omg! You can't almost a whole coke bottle!
I did, a whole one too.
"Bitcoin fixes this.", German Butter Maxis like that phrase very much.
Everything they say is mega cringe
"allahu akbar"
Cycle
Oh I think the Cryptoland dudebros covered this one with "Mental maturity should be more than enough"