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

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21–30 of 139 posts

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

#21

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.

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

#22
post #14

[flagged]

Somehow yes, and it's quite sad. The blockchain technology itself is a marvel and the safety/security properties of properly decentralized systems are unmatched. The whole financial world would be better written using blockchain/smart contracts, same goes for voting/governance, etc. But these scammers. So many of them... Easy to smell though, but the problem we need to fix is these scammers get most of the online tra…

>The whole financial world would be better written using blockchain/smart contracts, same goes for voting/governance, etc.

Citation needed. Governance and finance absolutely need human judgment recovery edge cases such as "My house burnt down containing my ID (keys) and I need access to my bank account to rebuild it"

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

#23
post #14

[flagged]

Somehow yes, and it's quite sad. The blockchain technology itself is a marvel and the safety/security properties of properly decentralized systems are unmatched. The whole financial world would be better written using blockchain/smart contracts, same goes for voting/governance, etc. But these scammers. So many of them... Easy to smell though, but the problem we need to fix is these scammers get most of the online tra…

Somehow? The only objective value from crypto is anonymity. It only serves to incentivize shady behavior.

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

#24
post #20

> “You can see the PTSD in my eyes, right?” he said before telling this reporter to leave. He was dead, with an obituary even and now back to being alive. Why the PTSD?! He should be rejoicing! /s But I wonder, is faking your death on social media a crime? If he still paid taxes I guess he might be legally out of the woods, just based on the faking part, not related to the scamming thing.

> But I wonder, is faking your death on social media a crime?

If it's for financial benefit, it's criminal fraud.

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

#26
post #6
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.

Wash trades mostly, then it is just a matter of finding some suckers to bite before you pull the rug. $1.4M is a lot to you or me, but in the world of big money it is pocket change.

How do wash trades work in a liquidity pool derived coin? Seems like the only way to boost the coin value is to put more 'real' coins into the LP and dump before someone else does after the pump attracts more suckers.

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

#27
post #14

[flagged]

Somehow yes, and it's quite sad. The blockchain technology itself is a marvel and the safety/security properties of properly decentralized systems are unmatched. The whole financial world would be better written using blockchain/smart contracts, same goes for voting/governance, etc. But these scammers. So many of them... Easy to smell though, but the problem we need to fix is these scammers get most of the online tra…

>The blockchain technology itself is a marvel and the safety/security properties of properly decentralized systems are unmatched. The whole financial world would be better written using blockchain/smart contracts, same goes for voting/governance, etc.

No, blockchain really isn't all that amazing. Blockchain is useful when you need something decentralized, immutable, and trustless. That trustless bit is the important part, there are existing solutions for decentralized immutable ledgers that work far better than blockchains and require far less compute power. And it turns out that the vast majority of human and business interactions and transactions are actually based on varying levels of trust.

And that's before you get into blockchain-specific issues like the Oracle Problem.

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

#29
post #14

Earlier quoted context omitted.

Somehow yes, and it's quite sad. The blockchain technology itself is a marvel and the safety/security properties of properly decentralized systems are unmatched. The whole financial world would be better written using blockchain/smart contracts, same goes for voting/governance, etc. But these scammers. So many of them... Easy to smell though, but the problem we need to fix is these scammers get most of the online tra…

>The whole financial world would be better written using blockchain/smart contracts, same goes for voting/governance, etc. Citation needed. Governance and finance absolutely need human judgment recovery edge cases such as "My house burnt down containing my ID (keys) and I need access to my bank account to rebuild it"

Right. All of these "finance and government would be so much better with smart contracts" suggestions seem predicated on the idea that human beings can design a system correctly on the first attempt and deploy an immutable version of that system they can then run independently forever without any bugs or exploits that need to be fixed in the future.

Human beings cannot do that.

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

#30
post #17

Earlier quoted context omitted.

[flagged]

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…

Hate to say it but I agree — when I see "fiat" in a post the red flags are flapping wildly.
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