5 ms·

And I am donating 100k bunglemudgeons as well, which is a currency that only exists in my head.

by pluc 6y ago

lifty 6y ago
Are your 100k bunglemudgeons exchangeable for $10 million?
- peytn 6y ago
  On bunglemudgeonexchange.ru, yes. I’m seeing a ton of depth on their order book. Why not buy a few bunglemudgeons from me and see for yourself?
  - lifty 6y ago
    If you guarantee 100x returns, I’m in.
    - peytn 6y ago
      I guarantee 100x returns as long as you never sell.
- umvi 6y ago
  Sure - easy. 1. Find a rich person with money that needs laundering (this is the hardest step) 2. Sell the "bunglemudgeons" (could just be a .txt doc that contains the phrase "100k bunglemudgeons") to the rich person in the form of an NFT for $10M 3. 100k Bunglemudgeons are now worth at least $10M 4. Rich person can now re-sell it to an alias of himself (or a rich friend) for an even greater amount to launder his dirty money
  - sneak 6y ago
    That's not how money laundering works.
    - umvi 6y ago
      How do people launder money with NFTs then?
      - sneak 6y ago
        They buy them from themselves, not by sending millions to some random stranger, never to be recovered.
        umvi 6y ago
        True, so I guess step 0 is: 0. Be rich and have money you need to launder 1. Invent "bunglemudgeons" as a way to launder your money
      - sabhiram 6y ago
        It's more about tax evasion than anything else.
Jaxkr 6y ago
Two important advantages Filecoin has over bunglemudgeons are: 1. Filecoin has a market with liquidity. Archive.org could sell their coins for roughly $9.7m. 2. Filecoin can currently be used to purchase reliable cloud storage at a significantly lower cost than AWS or GCP. I can definitely relate to cynicism towards crypto/blockchain, particularly in the defi sector, but Filecoin is doing good work.
- yabadubakta 6y ago
  They should take the 9.7 million and manage the storage themselves. The thing is they could host filecoin rigs which also provide the storage so it’s a win win for Filecoin and also internet archive
- ac29 6y ago
  > Filecoin can currently be used to purchase reliable cloud storage at a significantly lower cost than AWS or GCP. I spent a little while looking at their site and docs, and I cant find any information on what storage actually costs. Where are you finding this information?
  - jimpick 6y ago
    There isn’t really a single price. Each miner sets their prices dynamically (off-chain). Some miners set ridiculous prices to scare off load and some even set their prices to zero to attract test deal traffic. Miners have different reliability and business strategies too. If you look at average prices for asks or deals, it can be very misleading.
malux85 6y ago
What’s the market value of bunglemudgeons on CoinMarketCap? Because filecoin right now is at 194USD and the internet archive can sell them on the open market, right now if they want, today.
Fern_Blossom 6y ago
I literally just did a huge rip on crypto currencies the other day, mostly regarding bitcoin. However, there's one aspect to Filecoin that I do see as... potential is a strong word, but maybe appropriate still. It's not entirely fair to lump it in with other cryptocoins. There is some value behind it, in means of distributed storage. While I would argue it's more efficient, easier and all around better to use standard alternatives since Filecoin adds a layer of complexity to marginal benefit... I can never argue it's completely useless. There is some economic value backing it since it provides a service outside of just being a cryptocurrency. If I woke up from a 15 year coma and was quickly told about Bitcoin and Filecoin, one had a value of $200 each, the other $50k. Then asked which one was the $50k one? I'd first say, "Filecoin obviously" and second, please just kill me I don't want to live in this bizzaro reality.
- LAMike 6y ago
  > please just kill me I don't want to live in this bizzaro reality. Don't kill yourself, just buy Bitcoin and relax

And I am donating 100k bunglemudgeons as well, which is a currency that only exists in my head.

by pluc 6y ago

And I am donating 100k bunglemudgeons as well, which is a currency that only exists in my head.

lifty 6y ago

Are your 100k bunglemudgeons exchangeable for $10 million?

peytn 6y ago
On bunglemudgeonexchange.ru, yes. I’m seeing a ton of depth on their order book. Why not buy a few bunglemudgeons from me and see for yourself?
- lifty 6y ago
  If you guarantee 100x returns, I’m in.
  - peytn 6y ago
    I guarantee 100x returns as long as you never sell.
umvi 6y ago
Sure - easy. 1. Find a rich person with money that needs laundering (this is the hardest step) 2. Sell the "bunglemudgeons" (could just be a .txt doc that contains the phrase "100k bunglemudgeons") to the rich person in the form of an NFT for $10M 3. 100k Bunglemudgeons are now worth at least $10M 4. Rich person can now re-sell it to an alias of himself (or a rich friend) for an even greater amount to launder his dirty money
- sneak 6y ago
  That's not how money laundering works.
  - umvi 6y ago
    How do people launder money with NFTs then?
    - sneak 6y ago
      They buy them from themselves, not by sending millions to some random stranger, never to be recovered.
      - umvi 6y ago
        True, so I guess step 0 is: 0. Be rich and have money you need to launder 1. Invent "bunglemudgeons" as a way to launder your money
    - sabhiram 6y ago
      It's more about tax evasion than anything else.

Jaxkr 6y ago

Two important advantages Filecoin has over bunglemudgeons are: 1. Filecoin has a market with liquidity. Archive.org could sell their coins for roughly $9.7m. 2. Filecoin can currently be used to purchase reliable cloud storage at a significantly lower cost than AWS or GCP. I can definitely relate to cynicism towards crypto/blockchain, particularly in the defi sector, but Filecoin is doing good work.

yabadubakta 6y ago
They should take the 9.7 million and manage the storage themselves. The thing is they could host filecoin rigs which also provide the storage so it’s a win win for Filecoin and also internet archive
ac29 6y ago
> Filecoin can currently be used to purchase reliable cloud storage at a significantly lower cost than AWS or GCP. I spent a little while looking at their site and docs, and I cant find any information on what storage actually costs. Where are you finding this information?
- jimpick 6y ago
  There isn’t really a single price. Each miner sets their prices dynamically (off-chain). Some miners set ridiculous prices to scare off load and some even set their prices to zero to attract test deal traffic. Miners have different reliability and business strategies too. If you look at average prices for asks or deals, it can be very misleading.

malux85 6y ago

What’s the market value of bunglemudgeons on CoinMarketCap? Because filecoin right now is at 194USD and the internet archive can sell them on the open market, right now if they want, today.

Fern_Blossom 6y ago

I literally just did a huge rip on crypto currencies the other day, mostly regarding bitcoin. However, there's one aspect to Filecoin that I do see as... potential is a strong word, but maybe appropriate still. It's not entirely fair to lump it in with other cryptocoins. There is some value behind it, in means of distributed storage. While I would argue it's more efficient, easier and all around better to use standard alternatives since Filecoin adds a layer of complexity to marginal benefit... I can never argue it's completely useless. There is some economic value backing it since it provides a service outside of just being a cryptocurrency. If I woke up from a 15 year coma and was quickly told about Bitcoin and Filecoin, one had a value of $200 each, the other $50k. Then asked which one was the $50k one? I'd first say, "Filecoin obviously" and second, please just kill me I don't want to live in this bizzaro reality.

LAMike 6y ago
> please just kill me I don't want to live in this bizzaro reality. Don't kill yourself, just buy Bitcoin and relax