121–130 of 423 posts
News flash: you were social engineered into buying ETH in the first place.
Eth is a premine scam sure, but the dude has $130M Of it, so I don’t think he is crying over that part
"She tells me a bit about her metaverse project, Space Falcon. I'm not really sold on it, but I'm not really an NFT person so I didn't have any reason to think it was a bad idea either.[...] It seems kind of like a get-rich-quick scheme, but again, that's kind of how I see a lot of NFTs. With all that she's doing for Arrow, there's no harm in showing a little support." The real takeaway from this is that it's dangero…
This was a multi-week long social engineering scam targeted at Thomas. Thomas has a Discord for a drone transportation startup, and the scammers proceeded to embed themselves in the community and provide valuable labor such as web design and graphics design in order to earn his trust. Thomas's wallet is public and advertised on Twitter via his ENS domain. He had $100M+ in aETH, a derivative token provided by Aave whe…
I like the takeaways, though I'd also add an additional one, that you should use systems that have reversible transactions. That way, when you fall victim to fraud, you can use the court system to recover your losses.
These scammers went to impressive lengths. They say that often the secret of a magic trick is to put in far more prep work than anyone thinks is reasonable. Con games work the same way. In this case, the effort is worth since the target has something like $175 million in a wallet. The payoff is massive. Worth noting, though, that for all the fancy footwork the point of failure for the scam is him being willing to wor…
It's still pretty impressive how competently these scammers were able to discuss and deliver the VTOL work, the Space Falcon game, and entrepreneurial strategy.
Earlier quoted context omitted.
Eth is a premine scam sure, but the dude has $130M Of it, so I don’t think he is crying over that part
Given your username and how salty you are, I'm going to assume you invested in Bitconnect and lost everything b/c you didn't do your own research.
the world is not anymore the way it used to be, mm mm NO NO No! Bitconeeeeeeeeeeeeeeeect wooo bitconnect! We are coming and we are coming in waves. We are starting and to actually go all over the world. We all built the entire world.
Me? Im just out there fiat mining, stacking sats…
This was a multi-week long social engineering scam targeted at Thomas. Thomas has a Discord for a drone transportation startup, and the scammers proceeded to embed themselves in the community and provide valuable labor such as web design and graphics design in order to earn his trust. Thomas's wallet is public and advertised on Twitter via his ENS domain. He had $100M+ in aETH, a derivative token provided by Aave whe…
I like the takeaways, though I'd also add an additional one, that you should use systems that have reversible transactions. That way, when you fall victim to fraud, you can use the court system to recover your losses.
The fact is wires can also be irreversible and you cannot use the court system as a blunt instrument outside your jurisdiction. The value transmission medium isn’t the problem here.
This was a multi-week long social engineering scam targeted at Thomas. Thomas has a Discord for a drone transportation startup, and the scammers proceeded to embed themselves in the community and provide valuable labor such as web design and graphics design in order to earn his trust. Thomas's wallet is public and advertised on Twitter via his ENS domain. He had $100M+ in aETH, a derivative token provided by Aave whe…
I like the takeaways, though I'd also add an additional one, that you should use systems that have reversible transactions. That way, when you fall victim to fraud, you can use the court system to recover your losses.
Earlier quoted context omitted.
Is there any case of NFT that is not some combination of get-rich-quick scheme, Ponzi scheme, search for a bigger fool, FOMO-powered stupidity, extracting money from naive people or satire of NFT? And NFT part adds anything substantial and is not replaceable by regular transfer (either transfer of money or BTC-like)?
I'm not convinced it isn't crypto itself, and NFT is just an extension of that.
I have no issue believing that an imaginary consensus stored ledger in thousands of computers all secured by massive amounts of energy and limited to 21M units over 100 years might be valuable.
The ability for people to copy this software idea? Not valuable. The ability for people to issue new tokens on existing chains? Not valuable. The ability for people to post and sell jpegs, Not valuable.
Only original ideas are scarce. It’s the first step vs the n-th step.
Earlier quoted context omitted.
I’d be more worried about being poisoned. Who is giving away free sandwiches? Ya’ll far too trusting. Zero trust is the only way to go.
The number of people who'd do something like this is miniscule. Human society is built on trust for a good reason. We know that rules are imperfect and trust our fellow humans to do the right thing. They don't always but most of the time, the average person will.