Why are "crypto" people so willing to believe that "Elon Musk" is offering to double their money?
Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
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Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#52So cryptocurrency is dead, right? After some brief interest around the middle 2010s, where some vendors actually did accept it, they seem to have all revoked their support for it. All that it seems to be used for now is scams, ransomware, and pump-and-dump schemes.
Yes but the _appetite_ for these scams is seemingly infinite, so crypto seems far from dead.
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#53Earlier quoted context omitted.
The cryptocurrency space is quite alive, and is thriving. As much as people like to hate on it, the whole space rife with engineering, social, and economic challenges that attract geeks. Unfortunately, it attracts a lot of scammers too.
Sounds like magic the gathering card econ. Which is super fun! But personally, I definitely don't consider specing into Embercleave a meaningful societal mover
"defi" is an interesting concept that gained a lot of traction over the summer. Over $10 billion in crypto assets has been deposited in various protocols such as Aave which is like a decentralised bank operating on ethereum.
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#54Earlier quoted context omitted.
BTC is currently $11.5k USD, market cap $200 billion+. This is a valuable asset.
Yeah but like, what's it valuable for ? It seems like commodity trading, except the commodity that is being traded is who gets stuck holding the bag when it all collapses. There's no real value there.
Not a fan of bitcoin here but apparently it helps Venezuelans survive the terrible ordeal they are going through, because they can actually buy stuffs with bitcoin ,get donations to buy food,... thus avoiding US sanctions.
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#55This has been going on for quite some time, and I would be embarrassed if I were a part of Twitter's engineering team. From a technical standpoint these types of scam tweets should be easily identified as spam and the fact that they aren't is damning.
It's not just Twitter. Fake SpaceX "live" streams with a couple thousand viewers regularly pop-up in my YouTube recommendations. They're peddling the same kind of crypto scams.
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#56Why are "crypto" people so willing to believe that "Elon Musk" is offering to double their money?
I am also puzzled about the intersection of people savvy enough to own bitcoin and dumb enough to think musk is gonna give them free money.
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#57So cryptocurrency is dead, right? After some brief interest around the middle 2010s, where some vendors actually did accept it, they seem to have all revoked their support for it. All that it seems to be used for now is scams, ransomware, and pump-and-dump schemes.
As a Canadian consultant working for US clients, I can assure you — the worst Cryptocurrency usability problems are better than the typical Canada/US wire transfer Banking experience.
The first time I sent a wire from US to Canada it bounced because I didn't include the street address of the branch where the recipient account was located. The mind boggles.
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#58Why are "crypto" people so willing to believe that "Elon Musk" is offering to double their money?
Because it's almost plausible? He's an eccentric billionaire known for his erratic behavior. Maybe one day he really does decide to shower the masses with a paltry (for him) $100k of Bitcoin. "It's weird and tech-y, just like him!"
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#59Why are "crypto" people so willing to believe that "Elon Musk" is offering to double their money?
Are these scams hitting "crypto people" or noobs who buy some BTC just to get in on the scam? The gift card scams aren't targeting existing gift cards; they tell people to go out and buy gift cards.
Re: Crypto scammers piggybacking Trump’s Twitter, cloning Medium, stealing crypto
#60Earlier quoted context omitted.
The cryptocurrency space is quite alive, and is thriving. As much as people like to hate on it, the whole space rife with engineering, social, and economic challenges that attract geeks. Unfortunately, it attracts a lot of scammers too.
Sounds like magic the gathering card econ. Which is super fun! But personally, I definitely don't consider specing into Embercleave a meaningful societal mover
Sounds like magic the gathering card econ.
Does this mean you can only make real money if you got in at the very beginning?