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Cryptoqueen: A woman scammed the world, then vanished

bbc.co.uk

71–80 of 166 posts

Re: Cryptoqueen: A woman scammed the world, then vanished

#71
post #14

>Another tip he gives us is to find out where she has been on her yacht. We should try to get the tracker off it, he says, and he doesn't appear to be joking. I explain that this is probably beyond my abilities (apart from being illegal) Uh, why would this be illegal? Is flightaware illegal? Or the yacht tracking sites?

[deleted]

Re: Cryptoqueen: A woman scammed the world, then vanished

#72

Earlier quoted context omitted.

They’re all Ponzi schemes (haha) what about this one in particular made them find God?

How is Bitcoin a ponzi scheme? As far as I know it's a distributed database, nothing even remotely related to a ponzi scheme.

Pretty much all cryptocurrencies depend on the promise that early adopters will get in cheap and make a ton of money once it takes off. Get in quick, don't be a sucker! FooCoin is going up uP UP! Now that you're in, convince your friends to buy FooCoin too, and talk it up online--that way demand will increase!

Re: Cryptoqueen: A woman scammed the world, then vanished

#73
post #17

I can remember OneCoin back in the day. And I also remember that when visiting their website, my first though was "this must be a gigantic scam!" It was kinda obvious. Unbelievable that people fell for this. But like with all pyramid schemes or similar scams, they target a very specific sort of people.

It was 2017 (or 2018, I am not sure) when I stumbled over a similar scam, albeit at smaller scale. They sold Swedish government backed crypto currency, back when the Swedish government thought about it. Website looked legit, so I registered and had nice call. Didn't buy anything in the end because it was just fishy. Saw the Facebook ads for a couple of months after that. Police said they investigated, but could find…

I had several interactions with governmental agencies and local police regarding cybercrime recently and in all cases each group said they had no resources to help. My local deputy sheriff was really nice though...

Re: Cryptoqueen: A woman scammed the world, then vanished

#75
"I did the calculation how many coins we needed to become the richest person on the planet," Igor says. "I said to Andreea, 'We need to build it up to 100 million coins, because when this coin goes to €100 and we have 100 million, we are richer than Bill Gates.' It's mathematic. It's easy as that."

Great math-guy.. wonder where he got info on Gates wealth.

Re: Cryptoqueen: A woman scammed the world, then vanished

#76

Earlier quoted context omitted.

It seems like they tried, but no blockchain expert would go near it because it was so clearly a Ponzi-type scheme. Just look at the website: http://web.archive.org/web/20150302021347/http://www.onecoin...

Reminds me of https://timeai.io/ I thought these companies only existed in movies... But obviously they got their inspiration somewhere. (Yes 'they' can intentionally be read both ways)

Clicking around a bit, I ended up reading https://arxiv.org/abs/1903.08570.

It's describing an apparently faster way to identify prime numbers.

Looks pretty legit to me, but still, reading the website, there's something... not quite off, but still... quirky, in a way I can't put my finger on. :/

TL;DR, what do others think of this paper?

Re: Cryptoqueen: A woman scammed the world, then vanished

#77

"I did the calculation how many coins we needed to become the richest person on the planet," Igor says. "I said to Andreea, 'We need to build it up to 100 million coins, because when this coin goes to €100 and we have 100 million, we are richer than Bill Gates.' It's mathematic. It's easy as that." Great math-guy.. wonder where he got info on Gates wealth.

Not really though because they would have a lot of trouble converting all those coins to another currency at that exchange rate. Once they started selling, demand at that price would be met and the bidding price would fall.

Re: Cryptoqueen: A woman scammed the world, then vanished

#78
So I work in crypto hcaptcha.com. And it feels as though beyond money laundering and flim flam, people have left all the innovation to me. Blockchain, especially ethereum is incredibly cool tech if you can deal with the learning curve. It's got built in PKI, a decent consensus mechanism and with IPFS/IPNS tagging data and hashing it back to the blockchain is easy.

There's a common trope, the problem isn't [insert programming language like python or java] . It's the [programming lang] programmers. The same is true with blockchain. Very few people with reputations and skills wanna go into this field because of these scammers.

Re: Cryptoqueen: A woman scammed the world, then vanished

#79

"I did the calculation how many coins we needed to become the richest person on the planet," Igor says. "I said to Andreea, 'We need to build it up to 100 million coins, because when this coin goes to €100 and we have 100 million, we are richer than Bill Gates.' It's mathematic. It's easy as that." Great math-guy.. wonder where he got info on Gates wealth.

Not really though because they would have a lot of trouble converting all those coins to another currency at that exchange rate. Once they started selling, demand at that price would be met and the bidding price would fall.

That argument doesn’t really work. Measuring coins in their current value, not their theoretical value is used in other situations too. Specifically stocks. You can possibly sell $1b of stocks and expect to get $1b.

Re: Cryptoqueen: A woman scammed the world, then vanished

#80

>Even the most obscure entry or innocuous comment on a forum is usually saved somewhere, and with enough digging can be found. You've heard of Google, but there are several other search engines that specialise in this. That's a very interesting throwaway line; anyone know what those products are?

Yeah, at some point Google had an option to search specifically in groups and forums but they killed it. I would also very much like a forum-specific search engine, very often I'm looking for discussion about a subject rather than the subject itself.

Ideally it would source from forums, reddit/HN/Digg and the like, comments directly under articles/blogs, Wikipedia talk pages, archives of newsgroups, mailing lists, Google groups and Yahoo groups, etc.

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