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A crypto founder faked his death. We found him alive at his dad's house

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Re: A crypto founder faked his death. We found him alive at his dad's house

#51

Post by xvector »

pc86 wrote: post #21
data_ders wrote: post #2

I hope he gets the help and relief he needs. In someways a brain with a penchant for software causes more trouble during mental health crises than one who doesn’t. Especially if they’re into crypto.

Software engineers are just normal people. Our brains are not "special." This (objectively incorrect) mental model of software devs is very harmful if you want to actually understand things going on around you.

Nah. I assume you have friends inside and outside of software?

Software people are just different from the normal person. Way different. I couldn't put my two friend groups together.

Are they "special?" Maybe, maybe not.

Re: A crypto founder faked his death. We found him alive at his dad's house

#53

Post by rapind »

gip wrote: post #33

I believe in crypto, I think it will even protect people online when done right. And not everything is scam, there are good projects. That being said the behavior of people and organizations in crypto is poor and will slow adoption. I still regularly see major crypto ecosystems rug pull their own developers. They simply can’t help themselves.

> And not everything is scam, there are good projects.

I don't disagree, but at this point it has to be like 90% of crypto products are scams, and that number is still increasing. They're simply running out of people to scam. The 18-40 year old male demo can only lose so much on crypto and sports betting before they run out of money and credit. It's a giant ponzi that's losing it's legs. I'm sure it doesn't help that everything else is so expensive (housing), making these hail mary gambas more attractive, but the money will dry up regardless.

Re: A crypto founder faked his death. We found him alive at his dad's house

#54

Post by pydry »

pantulis wrote: post #9
jackcosgrove wrote: post #3

[flagged]

Not sure if all crypto is a scam necessarily, but sure that world is chock full of scammers trying to out-scam each other.

the dynamics of the crypto market seem to push non scammers out.

im not sure whether this is gresham's law or the dynamics of a lemon market in action or what though.

Re: A crypto founder faked his death. We found him alive at his dad's house

#55

Post by Etheryte »

oefrha wrote: post #42

I had a look at the community feed thingy on the right-hand side of https://coinmarketcap.com/currencies/zerebro/ , oh boy, never have I seen such a high concentration of scammers scamming each other in broad daylight. You'll find real gems like "Amazon" (shown as "Amazon" with Amazon logo, with the handle @nk1dfpb3fmjp conveniently hidden) announcing "the next era of digital transactions with the Am⁦az⁦on To⁦ken (AM…

I don't know what I expected, but I sure was not ready for my eyes to bleed this much at this hour:

> Co⁦⁦⁦⁦i⁦nMar⁦ketCap is d⁦ropp⁦ing dia⁦monds, fa⁦m! This air⁦d⁦rop is rugproof, rea⁦dy to pump. Stack fr⁦ee ba⁦gs!

Re: A crypto founder faked his death. We found him alive at his dad's house

#56

Post by ceejayoz »

fullstop wrote: post #41
askl wrote: post #15

Earlier quoted context omitted.

[flagged]

You can keep telling yourself that, but there's enough utility and momentum behind it that it is not going anywhere. I'm saying this as a person with no stake in the matter, just observing from the sidelines.

Bernie Madoff's investments had a lot of utility and momentum for decades, too.

Re: A crypto founder faked his death. We found him alive at his dad's house

#57

Post by ceejayoz »

HideousKojima wrote: post #35
pc86 wrote: post #17

Earlier quoted context omitted.

When I studied political science and economics in college we had a lot of really intriguing discussions around the rise of fiat currency, its pros and cons, its effect on global trade, etc. Some really well thought out opinions on both sides, from "nothing is real, who cares what this piece of paper means" to people who thought it was all a "globalist" scam and that we should be giving the grocer tiny pieces of gold…

Eh, I'm still a goldbug who thinks fiat is a scam and I hate crypto too. I actually don't care about gold specifically, I just think currency should be backed by some sort of real good that's durable and relatively rare. The goal being to make currency harder for governments and banks to manipulate (the whole reason we backed out of Bretton Woods was because our manipulations had finally caught up to the realities of…

> I just think currency should be backed by some sort of real good that's durable and relatively rare.

It is! It's backed by F-35s and B-2s and big aircraft carriers.

Re: A crypto founder faked his death. We found him alive at his dad's house

#58

Post by rambambram »

danielvf wrote: post #18
soared wrote: post #4

How do these scammers generate such big market caps for their coins? Offloading $1.4MM is a huge sum of money, more than 99.9% of people in the world would ever see at once.

Market cap doesn't equal what people have purchased. See this classic from 2015: https://medium.com/signal-v-noise/press-release-basecamp-val...

I remember this one! Already 10 years ago, wow.

Re: A crypto founder faked his death. We found him alive at his dad's house

#59

Post by MyOutfitIsVague »

jansan wrote: post #31
eskatonic wrote: post #25

How... how did he think this was going to turn out? You fake your death, then run to mommy & daddy's house, and hope no one finds you? And just keep the cash?

Not every crime is planned to the last detail. We had a guy in our village who tried to rob a bank and got arrested by the bank's employees.

There's not planning a crime to the last detail, then there's faking your death without even thinking about how you're going to keep people from finding out that you're not dead.

Re: A crypto founder faked his death. We found him alive at his dad's house

#60

Post by infinitifall »

oefrha wrote: post #42

I had a look at the community feed thingy on the right-hand side of https://coinmarketcap.com/currencies/zerebro/ , oh boy, never have I seen such a high concentration of scammers scamming each other in broad daylight. You'll find real gems like "Amazon" (shown as "Amazon" with Amazon logo, with the handle @nk1dfpb3fmjp conveniently hidden) announcing "the next era of digital transactions with the Am⁦az⁦on To⁦ken (AM…

You must be new to crypto. This is standard operating procedure. These scammers are everywhere and they're hard to miss.

It's common to have fake or hacked youtube channels - often with hundreds of thousands of subscribers - branded as official channels, featuring deepfake videos and livestreams from tech ceos announcing these scam coins. There are fake comments under tech videos and fake accounts on twitter discussing scam coins.

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