A fool and his not-really-money are soon parted
-
@acrow said in A fool and his not-really-money are soon parted:
I assume that the abbreviation MtGOX brings to mind Fort Knox for most people
Eh? It does?
they [people] would doubtlessly have reconsidered placing their money in this company.
Which people? Nerds of Potsie-like proportions who put their and their mothers' money into assorted colored pieces of paper backed by nothing but a gambling racket? Yeah, that doesn't sound like anything that followed at all.
-
@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
Nerds of Potsie
Potsie was a close friend of Richie Cunningham and Ralph Malph, who often spent time at Arnold's Drive In. He was characterized as being not very bright, somewhat gullible, socially clumsy, and in modern hindsight, very "square," and because of it, he was frequently called a nerd by friends and acquaintances.
-
@boomzilla My card beat yours.
-
@Applied-Mediocrity I was getting paid while I looked that up.
-
@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
@acrow said in A fool and his not-really-money are soon parted:
I assume that the abbreviation MtGOX brings to mind Fort Knox for most people
Eh? It does?
If you're working with money often enough that Fort Knox is in your vocabulary, then yes. Or have watched any of the several movies that mention it; as far as they layman knows, all of the gold in U.S. is stored in Fort Knox.
And there's enough places in the U.S. named "Mount something-or-other" certainly.they [people] would doubtlessly have reconsidered placing their money in this company.
Which people? Nerds of Potsie-like proportions who put their and their mothers' money into assorted colored pieces of paper backed by nothing but a gambling racket? Yeah, that doesn't sound like anything that followed at all.
The "normies" who had no idea what MtG is, obviously.
What? Do you think card-investor "nerds" would have enough money to make MTGOX rich? Especially those who might think of the connection to MtG as a positive thing? They'd have exchanged the money for cards already.
-
@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
@boomzilla My card beat yours.
I highly doubt it. They're cards, so they stay here and do nothing, by definition,
-
@Zerosquare It's something like this:
-
-
-
@TimeBandit "We overcharge our customers."
-
@boomzilla Although considering the prices of Surface devices, methinks MS is trying to outdo Apple on the overcharging part. At least you can motivate the Apple pricing partially, but I dunno how to motivate the MS pricing.
-
According to interviews with victims, several of the attacks began with an interview request from someone posing as a reporter for a crypto-focused news outlet online. Those who take the bait are sent a link to a Discord server that appears to be the official Discord of the crypto news site, where they are asked to complete a verification step to validate their identity.
As shown in this Youtube video, the verification process involves dragging a button from the phony crypto news Discord server to the bookmarks bar in one’s Web browser. From there, the visitor is instructed to go back to discord.com and then click the new bookmark to complete the verification process.
However, the bookmark is actually a clever snippet of Javascript that quietly grabs the user’s Discord token and sends it to the scammer’s website. The attacker then loads the stolen token into their own browser session and (usually late at night after the admins are asleep) posts an announcement in the targeted Discord about an exclusive “airdrop,” “NFT mint event” or some other potential money making opportunity for the Discord members.
-
-
@TimeBandit That's ok, we'll just take it off the "Hidden, poorly internally labled fiat@ account" in our Excel spreadsheet
-
@Applied-Mediocrity They missed a chance to call it
fi@
! No sympathy for them at all.
-
@dkf It does say that it's "poorly labled"
-
Nigeria may have been Scammer Central for most of this century, but enough is enough!
-
“We can’t be held responsible because we’re a decentralised organisation.”
And so cryptobros learnt about the term “juridical person”.
-
@Atazhaia said in A fool and his not-really-money are soon parted:
“We can’t be held responsible because we’re a decentralised organisation.”
And so cryptobros learnt about the term “juridical person”.
Make enough trouble and Big Brother will come and give you his mind. Make lots of trouble and Big Brother will beat you up.
-
@Atazhaia Not enough KYC? Shame on them.
-
@LaoC said in A fool and his not-really-money are soon parted:
Nigeria may have been Scammer Central for most of this century, but enough is enough!
"...that courted Nigerian investors..."
Yeah, supposed to be Nigerians scamming foreigners, not the other way around.
-
@Atazhaia said in A fool and his not-really-money are soon parted:
“We can’t be held responsible because we’re a decentralised organisation.”
And so cryptobros learnt about the term “juridical person”.
And since it was a default judgement, that means they lost because nobody showed up from the DAO to defend it. I wonder if the DAO bros were saying "we won't show up because they can't possibly convict"?
It's open season against DAOs!
-
@PotatoEngineer
Probably more like “we don’t need to show up because they don’t have jurisdiction over us”
-
North Korea really likes the crypto bros:
-
-
I foresee no possible way this ends badly…
-
Of course, a monster’s killers aren’t the only ones with claims on its loot. A quest-giver, be it a simple shepherd or an entire city, could lay claim to nine-tenths of a hoard, minus the heroes’ fee. And quest-givers could often capitalize on those claims by selling shares of the hoard, even before the foe in possession of the loot had been slain. The speculators who bought those shares often bundled them into plunder funds, which were then divided up and sold to other companies, who were owned by other companies…
Investors were keen on spreading the risk over multiple foes’ hoards. Goldson Baggs and its competitors could make a profit selling shares of monstrous hoards before the monsters were slain, and eliminate the risk altogether. Poldo saw the benefits of plunder funds. However, all of those reasons were built on one vulnerable assumption: that shares of the hoards were worth more than what a plunder-fund paid for them.
-
@boomzilla said in A fool and his not-really-money are soon parted:
I skimmed that, and the title was definitely misleading. He was a crypto lawyer working for crypto companies, and one of the things he liked to do was send regulators after other crypto companies. And he got paid in crypto. And eventually, someone noticed that he was a loose cannon for everyone he wasn't working for, and recorded him bragging about the kinds of things he does, which broke his career.
So he's about one peg scummier than an ambulance chaser.
-
@PotatoEngineer said in A fool and his not-really-money are soon parted:
@boomzilla said in A fool and his not-really-money are soon parted:
I skimmed that, and the title was definitely misleading. He was a crypto lawyer working for crypto companies, and one of the things he liked to do was send regulators after other crypto companies. And he got paid in crypto. And eventually, someone noticed that he was a loose cannon for everyone he wasn't working for, and recorded him bragging about the kinds of things he does, which broke his career.
So he's about one peg scummier than an ambulance chaser.
Mr. Roche was felled by his own loose lips and his overly cozy relationship with a client. But he also was the victim of an elaborate international setup.
Oh boo fucking hoo. Do not brag about your dubious shit you idiot.
-
-
@loopback0
Of course defi_mochi’s only takeaway will be to work harder (and not smarter) on identifying which ones are ‘shitcoins’.
-
@kazitor said in A fool and his not-really-money are soon parted:
@loopback0
Of course defi_mochi’s only takeaway will be to work harder (and not smarter) on identifying which ones are ‘shitcoins’.More like to make sure he gets cash up front instead of being left holding the bag along with the rest of the suckers.
-
@loopback0 TIL TVL:
-
A fool and his email address are soon parted:
“Arkham Intelligence” is apparently a platform for buying and selling information on cryptocurrency wallets’ owners.
Their referral URLs were simply a base64 encoding of the referring user’s email address.
So people looking to trade private information had their own exposed.
-
@kazitor said in A fool and his not-really-money are soon parted:
So people looking to trade private information had their own exposed.
-
-
@izzion so, paying what the company is actually worth?
-
-
Soup was exposed by crypto sleuth zachxbt, who also described how the scammer had spent some of his ill-gotten funds on exclusive Roblox items that sell for "high 5 figs".
Trying to find in that sentence. would that be the buying of “exclusive Roblox items” or that they sell for “high 5 figs”.
Although in this case I would hope that they are selling for 5 figs, but no such luck in the fool-and-money world.
-
@Atazhaia said in A fool and his not-really-money are soon parted:
5 figs,
Don't forget it's "high 5 figs", although I think that's a typo; it should be "5 high figs" — they've been laced with hallucinogens.
-
-
-
@Zecc
E_MISSING_FINGERS
-
@Atazhaia said in A fool and his not-really-money are soon parted:
“high 5 figs”
Also I thought about the fruits, which are now ripening. But irregardless if they are high or low figs, birds reach them much faster than I do.
-
@izzion said in A fool and his not-really-money are soon parted:
At least as smelly as all the crypto BS. Unless you're struggling to pay the next grocery bill, and it doesn't quite sound like the dude was in that situation at all, why would you even consider selling a significant stake in any company for $100 before the chapter-11 guys have actually started auctioning your office furniture? Sounds more like he sold it on a coke comedown or something.
-
@LaoC said in A fool and his not-really-money are soon parted:
@izzion said in A fool and his not-really-money are soon parted:
At least as smelly as all the crypto BS. Unless you're struggling to pay the next grocery bill, and it doesn't quite sound like the dude was in that situation at all, why would you even consider selling a significant stake in any company for $100 before the chapter-11 guys have actually started auctioning your office furniture? Sounds more like he sold it on a coke comedown or something.
Ronald Wayne sold his stake in a company for $800. He is far less wealthy and known than the two other founders of the same company. Some jobsworth an wozhisname.
-
@Carnage said in A fool and his not-really-money are soon parted:
@LaoC said in A fool and his not-really-money are soon parted:
@izzion said in A fool and his not-really-money are soon parted:
At least as smelly as all the crypto BS. Unless you're struggling to pay the next grocery bill, and it doesn't quite sound like the dude was in that situation at all, why would you even consider selling a significant stake in any company for $100 before the chapter-11 guys have actually started auctioning your office furniture? Sounds more like he sold it on a coke comedown or something.
Ronald Wayne sold his stake in a company for $800. He is far less wealthy and known than the two other founders of the same company. Some jobsworth an wozhisname.
but that's 41 times more (1976 $$$, and not counting the other $1500 he got later), not completely bad after 12 days of being involved with a partnership that was at that point deeply in debt he'd been personally liable for.
-
-
Clever use of “decentralized orgaisations”:
“This vote is fully democratic, nothing fraudulent about this whole thing!”
-