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Generating $32,000 in 30 days selling a crypto-filled USB stick

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Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#71
post #16

Earlier quoted context omitted.

If scamming something like this is possible, the scammers have an incentive to scam as much as possible, so the "scam ratio" will tend to grow to 100% quite fast unless there's a huge amount of legitimate business.

If that would be true, then Ebay, Amazon, Etsy etc. would have no right to exist in the world.

The difference may lay in the years that those you named had to adjust and readjust their countermeasures and learn from their mistakes ( up to a point ).

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#72

Err.. aren't these guys going to run into regulatory problems? You need a license to sell this in the US. Not to mention selling crypto with credit cards is a great way to go broke unless you own the keys like Coinbase does. Also, why would you trust the keys they are sending you? Having someone else generate a wallet for you then sending it to you via a USB key sounds very very bad. I don't get this.

> You need a license to sell this in the US. I think Dr. McCoy said it best: “There aren't going to be any damn permits. How can you get a permit to do a damn illegal thing!”

You sound like a doctor not a miracle worker!

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#74
post #36

Why is everyone assuming he is running a lottery? Where did he say he put funds in the wallets? All he said was he generated wallets, encrypted them, and put them on a usb.

A lottery requires a prize, chance, and consideration to win. I don't see all three elements here, though it is a little difficult to actually understand what the business is - so maybe.

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#75
post #31

If you guys are not a registered Money Service Business you should stop ASAP. What your doing sounds like a jailable offense. See the local bitcoin guy who went to prison for selling bitcoin in Florida.

My thoughts exactly, without a MTL (Money transmitting License) it seems like this runs afoul of a number of things including KYC. For the record MTL's for all 50 states will run you 6-12 months and ~300K when insurance, lawyer fees, and application fees are through (That's for the first year, subsequent years are cheaper but still).

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#76

Err.. aren't these guys going to run into regulatory problems? You need a license to sell this in the US. Not to mention selling crypto with credit cards is a great way to go broke unless you own the keys like Coinbase does. Also, why would you trust the keys they are sending you? Having someone else generate a wallet for you then sending it to you via a USB key sounds very very bad. I don't get this.

>You need a license to sell this in the US.

I'm not sure if you do. How is this any different than "buy X product for $50 and get a $5 mail-in-rebate via AMEX gift card"?

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#77
post #31

If you guys are not a registered Money Service Business you should stop ASAP. What your doing sounds like a jailable offense. See the local bitcoin guy who went to prison for selling bitcoin in Florida.

See the local bitcoin guy who went to prison for selling bitcoin in Florida.

Wait, selling bitcoin in one the many bitcoin meetups around the U.S. is illegal?

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#78
First thought that sprang to my mind when I read the headline, which wasn't addressed by reading the article, was "ebay ledger nano scam"[0]. I don't see how you can be sure strangers don't have copies of your keys. Unless the keys are generated and coins transferred automatically somehow when you first plug in the stick, which would be cool.

[0] https://cointelegraph.com/news/life-savings-stolen-from-seco...

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#79
post #2

If this website looks blank it might be because Privacy Badger is blocking contentful.com, whatever that is. I'm not sure what to make of that really, any ideas?

     # read this story as text-only, no javascript;
     t=198f3c4c31d49ced9b00837138196ec7b5c415904e81b59f3ea04e7b3959a1c9 ;
     curl -4 https://cdn.contentful.com/spaces/t0pm5m7uku03/entries/4NOhsWpS3m4esgOG6uMYm?access_token=$t \
     |exec sed 's/{/\
     /g;s/\\n/\
     /g;s/\\"/\"/g;s/}//g;s/ *//;s/\"###/\
     \
     ###/;' > 1.htm ;
     exec firefox file:///1.htm ;

     # another script to get all the stories from starterstory.com, text-only, no javascript;
     # sample output:

     
      ---------------------
      id: ventana-surfboards-and-supplies
      title: Ventana Surfboards & Supplies
      subtitle: Growing A Business Selling Surfboards As Pieces of Art
      description: Collector surfboards and more.
      link: /ventana-surfboards-and-supplies
      name: David Dennis
      revenue: 8e3
      measurement: revenue/mo
      founders: 2
      employees: 0
      startDate: 2014/08/01
      location: Santa Cruz, CA
      category: other
      publishedDate: 2018/03/27
      contentId: 5YPTt4uj3a022uOi0uASUc
     

   [hyperlink to content]

      type: story
     
      ---------------------
      id: cblocks
      title: CBlocks.io
      subtitle: Earning $32,000 in 30 Days With a Crypto-Filled USB Drive
      description: Crypto-filled USB drive.
      link: /cblocks
      name: Auston Bunsen
      revenue: 32e3
      measurement: revenue/mo
      founders: 3
      employees: 0
      startDate: 2018/01/01
      location: Miami, FL
      category: other
      publishedDate: 2018/03/27
      contentId: 4NOhsWpS3m4esgOG6uMYm
     

   [hyperlink to content]

      type: story
     
      ---------------------
 
     etc.

     curl -4o 1.js https://www.starterstory.com/static/js/main.6bf2bb3b.js ;
     t=$(exec sed 's/.*access_token=//;/acess_token/q;s/\".*//;/\//d' 1.js);
     exec sed 's/{id:\"/\
     &/g;s/\"type\":story/&\
     /g;/{id:\".*title:/!d;s/.*X=\[//;s/t.a=X.*//;/{id:\".*title:/p;' 1.js \
     |exec sed '1s/^/
/;s/,[^ 0]/\
     &/g;$s/$//;/Date:/{s/new Date(\"//g;s/\")//g;};s/{/\
     ---------------------\
     /;' \
     |exec sed '/additional:/d;s/}.*//;/component:/d;/live:/d;/dynamic:/d;/\"jpg/d;/\"jpeg/d;/[iI]mage:Object(/d;s>contentId:\".\{22\}>&\"\
     [hyperlink to content]>;s>contentId:>>2;s>\">>g;s>,>>;s>:>: >' > 1.htm;

     exec firefox file:///1.htm ;

Re: Generating $32,000 in 30 days selling a crypto-filled USB stick

#80
post #30
post #16

Earlier quoted context omitted.

If scamming something like this is possible, the scammers have an incentive to scam as much as possible, so the "scam ratio" will tend to grow to 100% quite fast unless there's a huge amount of legitimate business.

I don't really think this is true in practice. There is a risk to scamming, plus even with zero risk not every customer would choose to scam them (given morals/etc).

It only takes one sophisticated scammer to make the "scam ratio" close to 100%.
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