> It also does sound quite plausible that someone like Elon Musk, a big supporter of cryptocurrency, would give away Bitcoin. Really? Most m(b)illionaires, however eccentric, typically don't go around doing the equivalent of throwing money from rooftops, especially not by means of blurry Times New Roman text on a GIF directing you to some .info website.
German man loses 400k GBP about $500k in Twitter Bitcoin scam
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Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#22> Sebastian double-checked the verification logo next to Elon Musk's name, and then tried to decide whether to send five or 10 Bitcoin. This is a vulnerability in Twitter's verification policy that Twitter refuses to fix. Originally, verification was supposed to mean "this person is who they say they are". But once an account is verified, you can change the name/profile picture to someone else. So hackers get access…
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#23Assuming you have a defective moral compass, is there any reason to not run this scam. Easiest $ ever. Twitter nor law enforcement can do anything. The same guys doing it over and over. You can run this scam and make an easy $50-200k with some twitter posts and then use the $ to pay off the mortgage or student loans, or take a cruise, buy a luxury car or whatever. no one would know if you mix the coins before cashing…
So that's a reason not to, unless you're already in deep.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#24Fortunately this sounds like he didn't lose anything, just never realised extra gains. I know it's slightly nitpicking, but losing your actual $500k and losing $500k unrealised gains from a gamble is a massive difference. Especially if you already withdrew the original investment.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#25I don’t understand how you can be tech savvy enough to send and (not?) receive Bitcoin but stupid enough to fall for this... EDIT: Thinking about it, it's technically difficult see the difference between Bitcoin (which will continue to be worth more) and other get rich quick schemes that may not have the same chance of success and directly being conned for money by people.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#26Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#27I don’t understand how you can be tech savvy enough to send and (not?) receive Bitcoin but stupid enough to fall for this... EDIT: Thinking about it, it's technically difficult see the difference between Bitcoin (which will continue to be worth more) and other get rich quick schemes that may not have the same chance of success and directly being conned for money by people.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#28I never understand, why people who already have money, want to have more. Personally, I keep my money at the bank, for days when I will have to spend it (Buying things, going on holidays, etc)
Some people want money to feel safe, or to change their life.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#29> There was a timer counting down, and the website promised participants that they could double their money. It is amazing how people fall for these scams. They seem to forget the time tested truth which is "if it sounds too good to be true then it ain't".
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#30> There was a timer counting down, and the website promised participants that they could double their money. It is amazing how people fall for these scams. They seem to forget the time tested truth which is "if it sounds too good to be true then it ain't".
I'm ambivalent about the tech, economics, environmental impact, but what ticks me off about BTC and crypto is the proselytizing idiots that it attracts - it's the modern day Jehovah's Witnesses. I rented an office recently and there was a bunch of "bitcoin investment strategists" in the space next to me, and this one guy in particular trying to sell me on the idea that we should get into blockchain development because that's going to be the future of everything ... You could sum the guy up as mouth breeding idiot on first impression and that didn't change as he kept talking. Really typical for the crowd IMO.