“our son made it through the war to come of age, let’s fucken party! rsvp only if you’re a little bitch who’s NOT coming. all y'all not dead of alcohol poisoning by morning (lmao losers) get dunkt on”
This post is a perfect example of how proficiency in a language doesn’t mean you have to understand everything native speakers say, since what the fuck does this even mean
He funged the tokens, I don’t know how much simpler it can get.
It occurs to me that some people might actually want an explanation so here’s the cliff notes: –
- Money, and most forms of currency, is fungible. This just means that any piece of it is interchangeable without changing value – one dollar is one dollar, whether it is represented by a fresh new dollar bill or an old wrinkled dollar bill or a record kept in a ledger or a record in a computer. Being fungible is one of the core things necessary for a currency to work as a currency (alongside other things such as ‘being recognised as currency by others’ and ‘the value being backed by something that can ensure reasonable stability, like a stable government’). If you’re currency isn’t fungible, then it isn’t currency – you’re not buying with it, you’re bartering. So that’s what the “fungible” part means.
- People trade with non currency stuff all the time. People trade in favours, faith, and small numbers of resources that someone else needs more. When people trade in large value items, they usually estimate a value for the item; people might trade in high value artworks, for example. This is a pretty common thing for rich people to do as you can cook books in all kinds of ways through the trade value of unique items with no obvious parallels. Who’s gonna tell you your numbers are wrong, after all?
- NFTs – non fungible tokens – are the latest fad by cryptobros who are a) trying to imitate the unregulated illegal trading of the rich without understanding it, or b) running scams that bank on the idea that other cryptobros don’t understand it. They’ve basically taken cryptocurrency and made it non fungible. Cryptocurrency is ‘mined’ by making computers do really, really complicated math, and the math gets more complicated the more of it is ‘mined’. It has to be like this to keep it rare and combat inflation. But, while each bitcoin will have a different ‘serial number’ the same as each US dollar note does, bitcoin are fungible – one bitcoin has the same value as another bitcoin. (Users frequently ‘tumble’ their cryptocurrency – swap it with each other in a complicated, automated fashion – to launder it.) NFTs are instead URLs, and their gimmick is that each one is different! And can be worth a different amount! You can’t just swap them; they’re non-fungible!
- To convince people that the URL is worth something, they put a ‘unique’ digitally generated picture there. These are hilariously ugly. Confused cryptobros who don’t really understand NFTs tend to become convinced that what they bought is that picture, and they ‘own’ it in some way that’s deeper and more entrenched that’s just like, commissioning art. This is quite funny because you can really upset a lot of them by ‘stealing’ their NFT (copying the picture).
- What this dude has done is not just copy-paste a bunch of NFT pictures (lots of people are doing that), but decrypted the URLs. The actual thing that’s been bought. This is extremely impressive and also completely pointless, but computer people love doing pointless things just to prove that they can be done. It doesn’t achieve anything, but it’s bound to tick off the NFT people, which is always funny.
Reblogging this both because “oh my god they funged the tokens” is fucking hilarious AND because the explanation helps other people understand how hilarious it is
Okay, USA followers, you know how we all hate bank fees? I mean, you overdraw your account by $1.23 and you get charged $25.00? That’s evil.
As of Jan 26, 2022, the Biden Administration CFPB (Consumer Financial Protection Bureau) is bringing the hammer down on junk fees. This is more than just bank fees - this is going after the junk fees on things like prepaid cards, loans, bank transfers, credit card late fees, even closing costs on a mortgage.
The CFPB needs public comments, like the opinions of real people who are affected by these fees, to build a case about telling financial organizations that THEY CAN’T CHARGE THEM ANYMORE.
The CFPB says it’s particularly interested in hearing from older and lower-income consumers, students, service members and people of color.
There’s some good detail about the comments in this investopedia article. The easiest way to comment is to send an email to FederalRegisterComments@cfpb.gov. Include Docket No. CFPB-2022-0003 in the subject line of the message.
Note that these are public comments. They will be published online through the CFPB website. Don’t include account numbers, social security numbers, or full names. Tell a story - tell about the time you overdrew your account by $1.23 and the bank took $35. Tell about how you signed up for a credit card and the company charged you a bunch of fees you didn’t even know about. Tell about how you transferred money from your savings account to a checking account and the bank charged you $2.50.
These junk fees are a slap in the face of ordinary people who can’t refuse to pay, and the CFBP is taking aim at the banks that charge them. To read what CFPB director Rohit Chopra had to say about this call to action, click here.
You have until March 31, 2022 to submit comments.
YES!!!!
FUCKING YES!!!!!!
Y'all know the hole I just asked your help digging me out of like, literally last week?
THAT HOLE WOULD NOT HAVE EXISTED WITHOUT PREDATORY FEES LIKE THIS
THIS WOULD BE SO GOOD FOR SO MANY PEOPLE
DATES: Comments must be received on or before March 31, 2022.
ADDRESSES: You may submit comments, identified by Docket No. CFPB-2022-0003, by any of the following methods:
• Email: FederalRegisterComments@cfpb.gov. Include Docket No. CFPB-2022-0003 in the subject line of the message.
• Mail/Hand Delivery/Courier: Comment Intake —Fee Assessment, Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552. Please note that due to circumstances associated with the COVID-19 pandemic, the CFPB discourages the submission of comments by hand delivery, mail, or courier.
Instructions: The CFPB encourages the early submission of comments. All submissions should include document title and docket number. Because paper mail in the Washington, DC area and at the CFPB is subject to delay, commenters are encouraged to submit comments electronically. In general, all comments received will be posted without change to https://www.regulations.gov.
Hey guys. I’m a federal employee. I write regulations. I personally go through every single one of thousands of comments.
Unlike Congress, where sometimes your call or email about a policy goes into the void, every single comment about a regulation is individually read and tallied.
When a regulation is written it will say something like “The CFPB adopted X because it received 5,284 comments telling us to do that.”
Write your comments.
It can be short. It can be long. It can go into detail about your experiences or your background. It can simply be an email saying “overdraft fees suck and should be illegal.”
And it will affect policy.
Note, however, that comments are generally public record, so even though you’re encouraged to give your name, don’t give personally identifiable information.
Federal register comments are one of the least known yet most powerful ways to influence public policy.
