Can't recommend this post highly enough for fans of cryptoabsurdity. Smart contracts locking out $232M because of a missing character, "stablecoins" that are neither, someone meekly asking on Reddit whether 30,000% annualized returns are sustainable.https://irony-97882.medium.com/the-melting-of-iron-89469b01e083 …
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The strength of this armor against mockery really impresses me. On the one hand it's all just a joke, bro, on the other hand we took all your money.
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I think of this situation as fractal stupidity. You can zoom in on a detail or zoom out to the bigger picture all you want, but it's scale-free, it looks the same at every level. This paradoxically leaves you with nothing to critique, no thread to pull on that unravels the wholepic.twitter.com/BknyfF0YhI
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To stick with the math theme, I propose we co-opt the cryptocurrency system by just calling all of it "imaginary money". Then we will be able to use it in combination with real money to perform rotations and reflections in the financial plane.
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End of conversation
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Dogecoin is good & hilarious. Or at least it was originally. (I own no cryptocurrency of any type.)
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