Bruce Wanker Talks about The DAO attack

[Lauda]

This video actually describes how the situation unfolded (without going too much into the details). This video is golden and needs to be watched by everyone: Bruce Wanker Talks about The DAO attack

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[iamnotback]

Hahahahahaha.

That is so directly to the point.

[RicSpag]

Thanks to DAO, alt coin discussions have become a little more interesting, like people posting about this coin is gonna make a comeback

[iCEBREAKER]

Great interview, very funny and informative!   

[klaaas]

 

Indeed, A++ entertainment

[NyeFe]

Well, its now one of my favorite videos on Youtube. Hopefully more people will see it!

[Lauda]

I think that the Author definitely deserves more views/likes and tips. Initially he didn't even leave addresses for tips. I assume that even he didn't realize how good the produced video was. Additionally, he can slowing start working on part 2 due to the soft-fork DOS vector. People will surely need more popcorn for the upcoming events.

[Spoetnik]

There is nothing funny in The DAO "attack"



..except the attack.

[haendehochueberfall]

Popcorn to the moon!

[BitUsher]

[manselr]

I bet everyone that downvoted that video are sore losers that lost their money on the DAO thing. Im glad that I didn't end up risking a single satoshi, Bitcoin is too valuable to get in those shitholes and losing a single satoshi is always painful if you know the true value of Bitcoin in the long term.

[Lauda]

I bet everyone that downvoted that video are sore losers that lost their money on the DAO thing.

I agree. There is no reason to really downvote that video as it is truly funny regardless of whether you've lost money in DAO or are just an innocent bystander.

Im glad that I didn't end up risking a single satoshi, Bitcoin is too valuable to get in those shitholes and losing a single satoshi is always painful if you know the true value of Bitcoin in the long term.

There's surely room for profiting in the altcoin ecosystem, but there's also room for disaster to strike.
This deserves to be bumped - the priec of ETH is currently declining:

[klaaas]

The follow up could be viewed here 
Bruce Wanker Gives An Update on the DAO Situation

[greenuser]

quality, i saw it first on forum.ethereum.org when the news broke
https://forum.ethereum.org/discussion/7735/the-dao-is-under-attack-and-being-drained-of-all-ether (halfway down the page)
It made me nearly pee then and now 

[iamnotback]

The follow up could be viewed here  
Bruce Wanker Gives An Update on the DAO Situation

Spot on.

Is that F'ETHing not yet at 0 yet.

[yesiam6]

Bruce Wanker is a pretty gud name 
And he definitely knows a lot about the DAO situation

[iamnotback]

We need a new Bruce Wanker video (click my profile and read my posts for all the details you need for the video about the Steemit pyramid):

Smooth seems to have found a way to game the system

Look at his balance https://steemit.com/@smooth/transfers

He already owns $ 5 Millions at today's market price. Insane.

He acquired nearly 1% back during the "sneaky mine" phase. You can understand why he wasn't willing to attack this coin the way he normally attacks pump and dump scams. That $millions bought his "I am not omniscient about the potential future not being a disaster" attitude.

Btw, smooth is cashing out roughly $50,000 per week. (assuming your $5m valuation of his SP is correct)

Is that a meritocracy  

You can see why he would have an incentive to not speak about how it will be a disaster for those who invest in SP now (requires a 2 year lock up cashed out over 104 weeks), while he is cashing out every week. Chaching. Fools please buy Steemit and give your money to smooth.

[iCEBREAKER]

smooth is cashing out roughly $50,000 per week.

Is that a meritocracy?

TYVM for the specific insight into our present and eternally static meritocratic system of crypto-capital allocation.

Yes, this is meritocracy.  Embrace the invisible hand; eschew your false preconceptions.  Sacrifice them to the God of Empiricism.

Because of your status near the bottom of that objective meritocracy, you are not gaining $50k/week (SFYL).

Hence the uninterrupted fusillade of butthurt.

I won't presume to speak for our clever steem tycoon, but will say I'd put a non-trivial % of that $50k/week into Monero, were I to be in his shoes.

Specifically, my normal allocation for Free Cash is 1/3 Money 1.0 (gold/silver bullion/miners), 1/3 Money 2.0 (Bitcoin), and 1/3 Money 3.0 (Monero).

So I'll try to remember smooth-type Steem whales will, per capita, be putting about $17k/week into Monero, for the duration of the present Digg 2.0+blockchain fad.

You need to stop whining and give your all your remaining money to smooth.  Or use it to tip fluffy for that boss-ass pitty t-shirt he was sporting.

I don't care if you need that money to eat, because smooth will do more with his strong hands than you would ever accomplish by flailing and drowning in the altcoin continuum.

[generalizethis]

smooth is cashing out roughly $50,000 per week.

Is that a meritocracy?

TYVM for the specific insight into our present and eternally static meritocratic system of crypto-capital allocation.

Yes, this is meritocracy.  Embrace the invisible hand; eschew your false preconceptions.  Sacrifice them to the God of Empiricism.

Because of your status near the bottom of that objective meritocracy, you are not gaining $50k/week (SFYL).

Hence the uninterrupted fusillade of butthurt.

I won't presume to speak for our clever steem tycoon, but will say I'd put a non-trivial % of that $50k/week into Monero, were I to be in his shoes.

Specifically, my normal allocation for Free Cash is 1/3 Money 1.0 (gold/silver bullion/miners), 1/3 Money 2.0 (Bitcoin), and 1/3 Money 3.0 (Monero).

So I'll try to remember smooth-type Steem whales will, per capita, be putting about $17k/week into Monero, for the duration of the present Digg 2.0+blockchain fad.

You need to stop whining and give your all your remaining money to smooth.  Or use it to tip fluffy for that boss-ass pitty t-shirt he was sporting.

I don't care if you need that money to eat, because smooth will do more with his strong hands than you would ever accomplish by flailing and drowning in the altcoin continuum.

Can we re-tune this as, "Idealism profits a man only once, it's a star-struck way without means." Smooth saw an opportunity that didn't meet the fraud test (Does it advertise itself as something else: yes/no?) and made the  best of it. He has committed to a policy against fraud, not fools--my question is whether steem is useful?

[iCEBREAKER]

Smooth saw an opportunity that didn't meet the fraud test (Does it advertise itself as something else: yes/no?) and made the  best of it. He has committed to a policy against fraud, not fools--my question is whether steem is useful?

I fully support smooth, fluffy, and all Mustangs exploiting SteemingPile's useful volatility to the fullest extent of economic law.