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Exodus Bitcoin Wallet: $490k swindle

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Re: Exodus Bitcoin Wallet: $490k swindle

#101

Post by itsoktocry »

aeternum wrote: post #79
stouset wrote: post #34

Earlier quoted context omitted.

Reading this, it is bonkers to me that people think cryptocurrencies are ready or appropriate for mainstream use, either as a currency or as an investment. Line could go up, but if you aren’t extremely careful with processes that most people don’t and won’t comprehend—and don’t even realize are something you need to do—you can just straight up lose everything.

Ah yeah clearly not ready in fact neither is traditional finance: https://www.aura.com/learn/i-got-scammed-on-venmo-what-do-i-... https://help.venmo.com/hc/en-us/articles/235171088-Cancel-Pa... A fool and their money..

Do you not see the difference between a Venmo transaction and Bitcoin transaction?

With Bitcoin, a small mistake or oversight and you money is gone, and unrecoverable. So you can point and laugh at people getting scammed on Venmo, but you need "normies" to adopt BTC.

Re: Exodus Bitcoin Wallet: $490k swindle

#102

Post by crummy »

TimeBearingDown wrote: post #68
mtnGoat wrote: post #64

Earlier quoted context omitted.

Can you elaborate on this?

From a prior thread that didn’t get any constructive engagement: https://news.ycombinator.com/item?id=39205762 Essentially Ethereum can be used to codify financial contracts in order to provide a level of trust where one does not otherwise exist.

> You could wire together a group of houses or neighborhoods with generators and batteries and make the electric company redundant by establishing contracts which buy and sell electricity between participants at rates which adjust in response to demand, forecast, and each battery’s reserves.

how would you handle spoofing? e.g. whatever data source you use to figure out how much energy I'm generating, I just put fake data into it?

I guess you don't need to worry about that if you trust your neighbours. but then you could just use a traditional database if you all trust each other.

Re: Exodus Bitcoin Wallet: $490k swindle

#103

Post by 2OEH8eoCRo0 »

mtnGoat wrote: post #91
yieldcrv wrote: post #78

Earlier quoted context omitted.

probably a trafficked person in Cambodia theyre put in labor camps and do cryptocurrency scams over social media

Interesting I didn’t know that, I’ll have to learn more. I had heard about stuff like that in N. Korea but not Cambodia.

It's time to taste what you most fear

Re: Exodus Bitcoin Wallet: $490k swindle

#104

Post by LelouBil »

codedokode wrote: post #35

Canonical should not have displayed a "safe" icon at scam app page. The proper text should be something like "Not verified. Review the code and check the publisher before using the app.". The same should be at Google Play and Apple Store. Scam apps and sanctioned apps are regularly passing through reviews.

Or maybe just write "sandboxed" or "isolated" since it's actually what safe means here, not that the code is actually doing what it says.

Re: Exodus Bitcoin Wallet: $490k swindle

#106

Post by whimsicalism »

nntwozz wrote: post #42

On a tangent, my neighbor came to me about a month ago and asked if I was a "hacker"? He's around 75 and has known me for maybe 20 years, we're not close friends but we run into each other every now and then and he knows I work with IT; I'm about half his age. Long story short, I find out he needs help to retrieve his bitcoin wallet because he's lost $300k. I spend an hour looking around his devices and find out he's…

If he has children you should try to get them involved.

Re: Exodus Bitcoin Wallet: $490k swindle

#107

Post by ericd »

mschuster91 wrote: post #75
TimeBearingDown wrote: post #58

Earlier quoted context omitted.

No, this is usually (apologies if not in your case) a straw man, and representative of the usual HN blind spot for cryptocurrency. Ledger and Trezor hardware wallets do protect against this class of attack. We are rapidly approaching a world in which those with significant assets or job responsibilities should be carrying physical 2FA tokens, which can allow use of private keys while protecting them (a hardware walle…

> The history of scams is long, requiring periods of societal learning and transition as e.g. credit card, identity fraud, and wire fraud have taken center stage. And governments have enacted laws to protect people. With cryptocurrencies, they - by definition - cannot . Once you got scammed, your money is all but gone (sans a very VERY few exceptions). > The ability to memorize 12 words and have direct ownership of y…

>That's a societal problem, it can only be solved by society, not by cryptocurrency peddlers and tech-bros. And in any case: at some point that "wealth" has to enter the real world, and it's there that governments can step in and seize said wealth.

People escaping oppressive regimes don't have time for their society to solve it, they need to leave to a different, less messed-up society. And this is one of the few ways that they can bring a decent fraction of their assets with them in a form that's not very easily stolen from them.

Re: Exodus Bitcoin Wallet: $490k swindle

#109

Post by mistercheph »

shuntress wrote: post #17

If only there were some kind of system or network of long-standing institutions with a deep commitment to paper-trails and accountability that was overseen by some kind of community-managed regulation to control this type of thing.

I feel the same exact way whenever I see a car crash:

"If only there was a mode or system of human transportation backed by long-standing institutions with a deep commitment to dirt trails and rideability that occurred at speeds which were safe for this type of thing."

*spits into spittoon*

Re: Exodus Bitcoin Wallet: $490k swindle

#110

Post by eswat »

mtnGoat wrote: post #91
yieldcrv wrote: post #78

Earlier quoted context omitted.

probably a trafficked person in Cambodia theyre put in labor camps and do cryptocurrency scams over social media

Interesting I didn’t know that, I’ll have to learn more. I had heard about stuff like that in N. Korea but not Cambodia.

North Korea mostly focuses on large game: smart contracts with a lot of Total Value Locked, or other nation states and large companies that would contribute to those states economies

Much of the social media scams are done in south east asia by trafficked people: https://www.reuters.com/world/asia-pacific/hundreds-thousand...

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