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justinh524
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Quote :
"I hope OEP hasn’t lost all of his money"


lol

also from da link
Quote :
"There is no problem that cryptocurrency solves, and to the extent that it is functional, it does things worse than we can already do them with existing electronic payment systems. To the extent it has advantages, the advantage is doing crimes. And every other claim made for the superiority of cryptocurrency as currency falls apart if you scrutinize it. "

5/18/2022 1:05:07 AM

The Coz
Tempus Fugitive
19891 Posts
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From HaLo:

https://www.currentaffairs.org/2022/05/why-this-computer-scientist-says-all-cryptocurrency-should-die-in-a-fire/

Good enough to be toward the top of this page.

5/18/2022 6:54:23 AM

dmspack
oh we back
22101 Posts
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Quote :
" Modern finance has this rule that anything electronic needs to be reversible for short periods of time. This allows an undo in case of fraud. Have you had your credit card compromised before? I’ve had my credit card numbers stolen a couple of times. The amount of money I lost is zero. Because we have both good fraud protection and good ability to reverse transactions. That does not exist in the cryptocurrency space. If your cryptocurrency wallet is compromised, all your apes are fudged. "


This seems hugely important to me and something that I’ve never really seen defended by crypto advocates. It’s touted all the time that all these transactions are recorded on the blockchain so it’s fully transparent and traceable. But what good is that if there’s no recourse or regulation over stolen and scammed shit? The entire premise of a currency not regulated by governments feels like a bad idea to me.

It’s also just a funny concept to me that….“BTC will replace fiat money one day. Also, let me tell you how much BTC is worth in US Dollars”.

Very good article and easy to understand.

5/18/2022 2:13:18 PM

Bullet
All American
26646 Posts
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Quote :
"Back at $60k. Where all the haters from page 4?"


What happened to CaelNCSU? Did he get Covid and die?

5/19/2022 12:02:14 PM

rwoody
Save TWW
33446 Posts
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Quote :
"Seth Green’s Bored Ape NFT, which was set to star in its own animated show, was stolen through a phishing scam.

Green no longer owns the commercial rights to the NFT and thus the show cannot move forward.

??: https://t.co/Bdrw8qKhzi https://t.co/MBO1XvLIML"


5/24/2022 7:33:40 PM

The Coz
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That sounds like something from The Onion.

5/24/2022 8:28:37 PM

darkone
(\/) (;,,,;) (\/)
11519 Posts
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^^ Even though the whole thing is stupid, Seth still owns the NFT as a matter of law.
https://twitter.com/AkivaMCohen/status/1529276073896296453

5/28/2022 9:55:14 AM

rwoody
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Good to know the unregulated marketplace only works with regulations

5/30/2022 12:05:39 AM

The Coz
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^LOLZ!

5/30/2022 8:39:33 AM

HaLo
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https://www.justice.gov/usao-sdny/pr/former-employee-nft-marketplace-charged-first-ever-digital-asset-insider-trading-scheme

First but certainly not the last

6/1/2022 5:14:18 PM

The Coz
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$1 billion has been lost in cryptocurrency scams since 2021, FTC warns

https://www.cnn.com/2022/06/04/business/cryptocurrency-scammers-ftc-warning/index.html

Quote :
"Cryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says.

The FTC rang the alarm bells on Friday, saying crypto-related crimes amount to about one out of every four dollars reported lost to fraud -- more than any other payment method. The median individual reported loss was $2,600."

6/4/2022 5:17:02 PM

rwoody
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Quote :
"🚨 � BREAKING: Bored Ape Yacht Club and Otherside Metaverse Discord servers have been hacked. Millions worth of #NFTs reportedly stolen.
Full Story

https://t.co/JtYku9bcAD"

https://twitter.com/WatcherGuru/status/1533106970630270982

[Edited on June 4, 2022 at 6:13 PM. Reason : E]

6/4/2022 6:13:07 PM

The Coz
Tempus Fugitive
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This is just formalizing their complete loss of funds.

6/4/2022 7:27:58 PM

justinh524
Sprots Talk Mod
23877 Posts
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Why has oep not posted in here lately

6/5/2022 3:48:39 PM

TreeTwista10
MyYouthIPrayToKeep
144646 Posts
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honestly, i'm surprised only $1B has been stolen in a 2 year period. that's only like 30k bitcoin.

6/5/2022 10:27:21 PM

HaLo
All American
13607 Posts
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How’s it goin?

6/13/2022 10:09:07 AM

The Coz
Tempus Fugitive
19891 Posts
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Going DOWN!

6/13/2022 12:13:19 PM

rwoody
Save TWW
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Nobody should care bc this was supposed to be a replacement currency not an investment

6/13/2022 5:01:48 PM

The Coz
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Oh yeah. True! I don't care because I don't have any such investments -- I mean currency!

6/13/2022 7:00:33 PM

StTexan
All American
2706 Posts
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I still wish i got in at $22 and out at $10k

6/14/2022 2:05:28 AM

dmspack
oh we back
22101 Posts
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Great buying opportunity. Will probably be back to 50k by end of summer.

Just use my referral code for a sign up bonus.

6/14/2022 6:00:02 AM

HaLo
All American
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Today is an even better buying opportunity

6/15/2022 12:28:27 PM

The Coz
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Bill Gates says crypto and NFTs are a sham

https://www.cnn.com/2022/06/15/tech/bill-gates-crypto-nfts-comments/index.html

Quote :
"Don't count Bill Gates among the fans of cryptocurrencies and NFTs.

Those digital asset trends are "100% based on greater fool theory," the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing to bid them higher.

Gates added that he's "not long or short" crypto. And he mocked Bored Apes NFTs, joking that "expensive digital images of monkeys" will "improve the world immensely."

Instead, Gates said he prefers old fashioned investing.

"I'm used to asset classes, like a farm where they have output, or like a company where they make products," he said.

His comments come as bitcoin and other cryptocurrencies are crashing. Bitcoin hit an all-time high of $69,000 in November 2021. Since then, the world's most valuable cryptocurrency has lost two-thirds of its value, tumbling below $23,000 on Tuesday. It has lost about 25% of its value since Friday.

Crypto exchange Coinbase announced that it's laying off 18% of its employees as the digital currency market continues to crumble.

Gates has previously doubted crypto. In a 2021 interview with Bloomberg, Gates said that it was one thing for Elon Musk and Tesla to invest in bitcoin, but that doesn't mean average investors should follow that lead.

"I do think people get bought into these manias, who may not have as much money to spare," Gates said. "So I'm not bullish on bitcoin.""


Yep.

6/15/2022 6:16:02 PM

The Coz
Tempus Fugitive
19891 Posts
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Close to $19K for BTC.

6/18/2022 11:23:40 AM

The Coz
Tempus Fugitive
19891 Posts
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Now below $17,800.

6/18/2022 5:04:48 PM

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