Bitconnect founder indicted in global $2.4B cryptocurrency scheme

Post by nileshtrivedi » Sat, Feb 26, 2022, 4:09 PM UTC

rvz wrote: post #96

NelsonMinar wrote: post #72

Earlier quoted context omitted.

Cryptocurrency is the solution for a very valuable problem. How do you commit financial crimes and frauds in a way just new enough to confuse people that what you're doing may be valuable?

Easy. Criminals, extremists and fraudsters use Signal for E2EE communications and MobileCoin (an untraceable, privacy cryptocurrency) to fund it all. [0] It is what criminals and terrorists are using to make their activities impossible to trace. Got to thank MobileCoin for enabling that. [0] https://support.signal.org/hc/en-us/articles/360057625692-In...

Post by [deleted] » Sat, Feb 26, 2022, 4:16 PM UTC

petenick wrote: post #112

notabotyet wrote: post #106

Earlier quoted context omitted.

I do thousands of transactions with thousands of people every day without committing financial crimes and without paying any fees. It's extremely valuable to my businesses. Wrenches can be used as weapons but they are also essential for plumbers.

Curious - what is your use case?

Post by mmaunder » Sat, Feb 26, 2022, 4:17 PM UTC

jmyeet wrote: post #26

Crypto may well be the biggest solution looking for a problem I've ever seen. Apart from the obvious issues (eg energy expenditure) the one myth that needs to die about crypto is that it is extragovernmental and indictments such as this and the Bitfinex laundering case recently should underline that. The simple fact is that the developed world could shut down what little utility cryptocurrencies (and NFTs) have tomor…

Post by lawn » Sat, Feb 26, 2022, 4:19 PM UTC

DonHopkins wrote: post #43

cinntaile wrote: post #2

Nice job. Now if only some people would see the difference between an actual ponzi scheme like this one and bitcoin and other cryptocurrencies. That would be nice.

The fact that cryptocurrencies are even Ponzier than any Ponzi scheme, more pyramidal than any pyramid scheme, much getter, richer, and quicker than any get-rich-quick scheme, and more shaggily carpeted and vigorously jerked than any rug-pull scheme, doesn't mean they're not scams. Edit: when shills gets called on purposefully missing the point by arguing over semantics, they switch to outright denial and making stuf…

Post by Hamuko » Sat, Feb 26, 2022, 4:19 PM UTC

michaelsbradley wrote: post #70

shaolinspirit wrote: post #3

undying classic from carlos https://www.youtube.com/watch?v=XFwlWLtsw6c

epic remix: https://youtu.be/e5nyQmaq4k4