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“Crypto drainer” template facilitates theft

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Re: “Crypto drainer” template facilitates theft

#21

Post by scoofy »

rory wrote: post #14
scoofy wrote: post #10

Regulation can be bad, but it can also be good. People think of history like it was wonderful, but it was full of cons and scams. Reputation matters, and people with reputations charge a premium for it. Some of the best aspects of regulations is exactly to remove the reputation tax by mandating everyone follow the same practices as the trusted institution. The real sad aspect is that the crypto-libertarians of today…

How exactly would regulation help in this case? Most countries already regulate pretty strongly against theft.

Again, the purpose of blockchain-as-capital is exactly to escape regulatory requirements. One of the main reasons why we are able to use the banking systems like we do, is the ability, generally, to unwind translations that were fraudulent. There are also disclosure forms that must be presented as a double-check, to transactions that cannot be unwound.

With most blockchains, this is entirely not feasible. The irony is that many of the brokers will likely be swamped by regulation going forward exactly because people will be unhappy with the lack of these types of disclosures.

Re: “Crypto drainer” template facilitates theft

#22

Post by ChrisClark »

renewiltord wrote: post #8

So let me get this straight. You just connect your Wallet to a random website and let them run arbitrary smart contracts? That's wild, man. Surely there's gotta be some concern here that someone could take your shit. I'm just surprised there isn't a privacy.com equivalent for this, like a limited-view wallet that lets you create sub-wallets for interaction with various services. Or if there is, perhaps it's not famou…

The people being scammed here aren't looking at what they are doing, at all.

They go to the website, click "mint NFT", then their wallet pops up and says, "Sending [your expensive NFT] to [address], confirm?"

And then the user says, yeah, I want to send them my NFT.

There are more subtle ways to scam though. But the people losing them here are the type of users that confirm everything without reading.

Re: “Crypto drainer” template facilitates theft

#23

Post by walrus01 »

onesafari wrote: post #19
rvnx wrote: post #4

Earlier quoted context omitted.

Please disapprove real estate, buying a house is really too expensive and it makes it difficult to find decent housing.

Seriously tho, how are people affording these mortgages? Is everyone living paycheck to paycheck or what?

the percentage of american wage earners who are living paycheck-to-paycheck is probably a lot higher than you think it is.

even couples with dual six figure salaries.

Re: “Crypto drainer” template facilitates theft

#25

Post by uoaei »

hourago wrote: post #17
walrus01 wrote: post #2

am I a bad person if I think that people buying the latest hyped NFT deserve to have their 'crypto' drained? NFTs of art images are such an absurdity.

Not necessarily a bad person. But to think that people that may not have the education to understand NFTs deserve to be robbed seems to justify to prey on people. NFTs are an absurdity, but millions are spend on advertising them to an unprotected public. That are the real culprits. Scammers do not deserve to get any money, that's for sure.

You don't need to have the education to understand NFTs to have the knowledge not to put bets down on things you don't understand.

Re: “Crypto drainer” template facilitates theft

#26

Post by epgui »

scoofy wrote: post #10

Regulation can be bad, but it can also be good. People think of history like it was wonderful, but it was full of cons and scams. Reputation matters, and people with reputations charge a premium for it. Some of the best aspects of regulations is exactly to remove the reputation tax by mandating everyone follow the same practices as the trusted institution. The real sad aspect is that the crypto-libertarians of today…

> […] when it's brought up, it's just mocked because, honestly, who is going to read a book about 19th century finance when you can just watch the new star wars show instead.

Modern-day anti-intellectualism FTW! I know, I know, commenters will argue that this is mainly a laziness problem… But when has it ever been “cool” to read (in the sense of being socially incentivized broadly speaking)? To quote a modern day (retired) twitter poet: “Sad!”

Re: “Crypto drainer” template facilitates theft

#27

Post by politician »

xwdv wrote: post #9
walrus01 wrote: post #2

am I a bad person if I think that people buying the latest hyped NFT deserve to have their 'crypto' drained? NFTs of art images are such an absurdity.

Crypto is a net negative for the world, so anyone should feel free to pillage crypto assets and redistribute them to other more noble causes. People must learn to avoid crypto. We can teach them why.

What other things do you disapprove of that absolve people of the crime of theft?

PS: Read your HN profile: Submitting stories is by far the best way to earn karma. Comments are small potatoes.

Re: “Crypto drainer” template facilitates theft

#28

Post by kareemsabri »

hourago wrote: post #17
walrus01 wrote: post #2

am I a bad person if I think that people buying the latest hyped NFT deserve to have their 'crypto' drained? NFTs of art images are such an absurdity.

Not necessarily a bad person. But to think that people that may not have the education to understand NFTs deserve to be robbed seems to justify to prey on people. NFTs are an absurdity, but millions are spend on advertising them to an unprotected public. That are the real culprits. Scammers do not deserve to get any money, that's for sure.

I don't think they "deserve" to be robbed but I do think at this point the sketchiness of the defi sector is pretty apparent.

Re: “Crypto drainer” template facilitates theft

#29

Post by efitz »

walrus01 wrote: post #23
onesafari wrote: post #19

Earlier quoted context omitted.

Seriously tho, how are people affording these mortgages? Is everyone living paycheck to paycheck or what?

the percentage of american wage earners who are living paycheck-to-paycheck is probably a lot higher than you think it is. even couples with dual six figure salaries.

Lifestyle often expands to consume available income. And sometimes more.

Re: “Crypto drainer” template facilitates theft

#30

Post by aleksiy123 »

woodruffw wrote: post #16
aleksiy123 wrote: post #3

Earlier quoted context omitted.

Yes, people who spend their money on things you don't approve of deserve to lose their money.

It's clear the GP isn't making a categorical claim about disapproval. It's more likely they think that the victims here had every available opportunity to exercise basic diligence. I'm not sure I actually agree with that (I think a lot of the people getting scammed here are being predated on by a market that thrives on misinformation), but that's a far cry from how you've interpreted the comment.

To be honest I'm more concerned with the "deserve to be scammed" part. The "because I don't like it" is cherry on top.

My point is if you read that comment it takes a second of introspection to come to an answer.

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