nice, a classic "shovels during a gold rush" business edit: misread it, thought they were just selling empty setups w/ software
No, this is more "selling tulips during a tulip bubble" business.
Generating $32,000 in 30 days selling a crypto-filled USB stick
11–20 of 110 posts
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#12Is $32,000 your gross or your net?
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#13Err.. 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.
> Not to mention selling crypto with credit cards is a great way to go broke unless you own the keys like Coinbase does. I look forward to the "How I lost $32,000 selling crypto-USBs" after the fraud claims and chargebacks are filed.
Thousands of smaller transactions. You are buying USB keys with a set amount of Crypto. They can just assume 10% scam ratio and rise price by that.
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#14What does it mean crypto filled USB sticks? What is the contents?
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#15Is $32,000 your gross or your net?
It's the downpayment on the legal fees for running an illegal lottery (random amounts of random currencies?) and an illegal money transmitting business.
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#16Earlier quoted context omitted.
> Not to mention selling crypto with credit cards is a great way to go broke unless you own the keys like Coinbase does. I look forward to the "How I lost $32,000 selling crypto-USBs" after the fraud claims and chargebacks are filed.
Thousands of smaller transactions. You are buying USB keys with a set amount of Crypto. They can just assume 10% scam ratio and rise price by that.
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.
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#17Err.. 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.
almost certainly going to run into regulatory problems. As the former head of an former MSB, I did not enjoy the experience.
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#18A pop-up advertising window for Quickbooks? Really? No disrespect to QB, they got some fantasstic product.. but.. pop-up window??
Dear Stratechery, you were just added to my adblock list.
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#19A pop-up advertising window for Quickbooks? Really? No disrespect to QB, they got some fantasstic product.. but.. pop-up window?? Dear Stratechery, you were just added to my adblock list.
Wrong post?
Re: Generating $32,000 in 30 days selling a crypto-filled USB stick
#20What does it mean crypto filled USB sticks? What is the contents?
Money. "Crypto" has now been hijacked to mean "Crypto Currency" by the kids.