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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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Joined July 2009

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    Pinboard‏ @Pinboard May 26

    This is one of my favorite zingers. The stock market is not safe because it can be shut down at any time by the scheming overlords who run it. The crypto markets, meanwhile, can only be shut down by exchanges getting hacked, random tweets, or a modest increase in volumepic.twitter.com/uSC1TnYAud

    12:09 PM - 26 May 2021
    • 18 Retweets
    • 167 Likes
    • Alex Mentzel Jeff Noxon Eric deRuiter Ⓥ Chris 0.1x engineer Logan Rockmore Henk Poley Tomáš Vítek Avi Greenbury
    7 replies 18 retweets 167 likes
      1. Pinboard‏ @Pinboard May 26

        Cryptocurrency's inability to handle any significant number of transactions severely limits how fast its price can collapse, thereby adding to its value.

        6 replies 18 retweets 133 likes
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      1. Michael Tae Sweeney‏ @mtsw May 26
        Replying to @Pinboard

        "stocks cant be trusted because RH can disable trades" is like complaining trains aren't useful because the monorail at disneyland breaks down a lot

        0 replies 2 retweets 31 likes
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      1. SIMD Crawford‏ @omershapira May 26
        Replying to @Pinboard

        and High Frequency Tr... oh wait, this system only supports 8 ops per second

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. Jordan Leigh‏ @AlwaysBCoding May 26
        Replying to @Pinboard

        total straw man. centralized exchanges can be shut down by their executives but that's an increasingly smaller percentage of crypto trading volume. 4 separate decentralized exchanges did over $1 billion in trading volume in the past 24 hours. that number is only increasing 🤷‍♂️

        1 reply 0 retweets 0 likes
      3. Keeper of the Scrollbars‏ @proofofwoof May 26
        Replying to @AlwaysBCoding @Pinboard

        Is it like 2% market share? "100 times more expensive, 1/100 the speed" is a hard sell.

        1 reply 0 retweets 0 likes
      4. Show replies
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      2. Bartek Tatkowski‏ @brtkdotse May 26
        Replying to @Pinboard

        Don’t forget that guy who ran an exchange on a free tier VM and wiped the whole thing along with the wallet when the VM got recycled. Luckily, he had backups. Except they were also on the VM.

        1 reply 0 retweets 2 likes
      3. Bartek Tatkowski‏ @brtkdotse May 26
        Replying to @brtkdotse @Pinboard

        Lol, 17 THOUSAND Bitcoin were lost.https://siliconangle.com/2011/08/01/third-largest-bitcoin-exchange-bitomat-lost-their-wallet-over-17000-bitcoins-missing/ …

        0 replies 0 retweets 2 likes
      4. End of conversation

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