TLDR: A fool and their money are soon parted, in this case by a pyramid scheme with crypto currency flavouring.
Oh no the crypto bois are mad at me.
Cryptoqueen: A woman scammed the world, then vanished
91–100 of 166 posts
Re: Cryptoqueen: A woman scammed the world, then vanished
#92Earlier quoted context omitted.
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
#93Earlier quoted context omitted.
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?
Dunno about the paper, but the design is trying way too hard.
All those faux-meaningful graphics, the 3D rendered vitruvian man, that the company is called ‘Crown Sterling’ and the logo is a metallic griffin, means that it’s likely that they’re at least 80% woo. Similar to a company that peddles pain relief patches which use the power of quantum harmonic energy to transmit healing bio-activated energy or whatever. Funnily enough, the people behind the former also sell the latter.
Re: Cryptoqueen: A woman scammed the world, then vanished
#94"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.
More like 100M * 100 = 10 B < Gates
Re: Cryptoqueen: A woman scammed the world, then vanished
#95Earlier quoted context omitted.
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.
Except that you can. It will take some time and/or you need to do some work to find buyers, but people can and do.
Because (most) stocks are backed by real world companies that have real world value.
Re: Cryptoqueen: A woman scammed the world, then vanished
#96Earlier quoted context omitted.
This just seems like speculation based on watching mafia movies. The article speculates she's alive. The Ignatov family seems involved in various frauds, so I wouldn't view her as an innocent woman who got in too deep. She knew what she as doing and has family connections. Also I am not sure what "she stands out" even means. Is this a way of saying she's not white? That's not really a problem. In a ton of EMEA countr…
> This just seems like speculation based on watching mafia movies. People get killed for far less. > The article speculates she's alive. And I'm speculating she isn't. > The Ignatov family seems involved in various frauds, so I wouldn't view her as an innocent woman who got in too deep. She knew what she as doing and has family connections. I never said she did not know what she was doing. > Also I am not sure what "…
> People get killed for far less.
Sincerely though, if not pop culture, what is this prediction based on?
What base rate information do you have about criminals who are extrajudicially executed? What information about who in the criminal underworld knows how much are you conditioning on in order to get a distribution that integrates out to >0.5 here, as opposed to >0.9, or Just based on what’s publicly accessible, it seems totally implausible even to put a educated guess on the odds of something like this.
Re: Cryptoqueen: A woman scammed the world, then vanished
#97"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.
Sure, but mark-to-market is a commonly used method of valuing assets. Of course what you’re saying is true, but there’s nothing inherently wrong with valuing a portfolio like this. Even with real currency, you can’t directly measure value in another currency for the reasons you gave. So it’s probably just a better idea to ignore slippage and bid-ask bread when talking about value.
Re: Cryptoqueen: A woman scammed the world, then vanished
#98Earlier quoted context omitted.
> This just seems like speculation based on watching mafia movies. People get killed for far less. > The article speculates she's alive. And I'm speculating she isn't. > The Ignatov family seems involved in various frauds, so I wouldn't view her as an innocent woman who got in too deep. She knew what she as doing and has family connections. I never said she did not know what she was doing. > Also I am not sure what "…
> People get killed for far less. Sincerely though, if not pop culture, what is this prediction based on? What base rate information do you have about criminals who are extrajudicially executed? What information about who in the criminal underworld knows how much are you conditioning on in order to get a distribution that integrates out to >0.5 here, as opposed to >0.9, or Just based on what’s publicly accessible, it…
I have - or rather had - a cousin who got a bullet in the back of his head courtesy of his best friend for less than $100K. So my base rate may be a bit higher than average but it definitely isn't zero and we're talking very large amounts of money here.
Let's turn that around: how many hard core criminals do you know that end up living to a ripe old age? Even Bulger didn't make it and he tried real hard.
Re: Cryptoqueen: A woman scammed the world, then vanished
#99Why, with all that money, didn't they simply buy a Blockchain? It's not hard, fork bitcoin, build something on Ethereum. Or did it simply not matter for the pyramid scheme? If in the end they had a crappy Blockchain and the investors would have gotten their coins, would they've been guilty of anything?
They didn't need a blockchain for the purposes of their scam. You just said it yourself: "with all that money". They were achieving their goals just fine without one.
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Re: Cryptoqueen: A woman scammed the world, then vanished
#100My bet is she was a front for some Eastern EU or EEU mafia group and now rests in a concrete-filled barrel at the bottom of Black Sea, with all the money taking multiple round trips through off-shore banks, never to be found by their MLM "investors" again.
Was my thought as well. It’s a shame they killed her off, she seemed like a nice woman despite it all. Who knows if that kind of life was even worth it. Seems like by the time you find out, you’re already in too deep and have to keep going.
Nothing I have read about her makes her sound nice. She seems like a materialistic serial scammer.