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Thread: RIP Bitcoin

  1. #8676
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    Shifting back to Crypto...

    The scammers are getting their crypto cut too. And yes, this news story ends with a Lambo.
    Scammers Score $2 Million from WallStreetBets Forum Users

    Scammers Score $2 Million from the WallStreetBets Crowd With Fictional Crypto Launch

    A cryptocurrency scam recently pilfered at least $2 million from WallStreetBets enthusiasts, convincing them that they were buying into a new crypto coin connected to the popular memestock, according to a report from Bloomberg News.

    For weeks, moderators of the notorious Reddit forum have warned users to avoid fraudulent scams based around the good WSB name. A post, tethered to the top of the group’s page, asks community members to be wary of offers related to WSB products.

    Apparently, a lot of people missed this memo, because a bunch of WSB fans reportedly fell for a scam of exactly this ilk. Indeed, an offer recently began circulating on chat app Telegram, peddled by an account called “WallStreetBets - Crypto Pumps.” This “Crypto Pumps” said it was offering a chance for bets enthusiasts to cash in on a new WSB crypto-token, dubbed “WSB Finance,” before it officially launched. In the crypto world, an arrangement like this is called a “premine sale”—an opportunity for early investors to buy up a token before it hits the crypto exchanges and gets a more widespread, public release.

    Interested parties were instructed to send Binance Coin or Ether to a crypto wallet, then get in touch with the page’s “token bot,” which would send the user WSB Finance tokens. What a good deal! It wasn’t long before the ETH and BNB were pouring in, swelling Crypto Pump’s wallet.

    However, buyers ran into a little snag. Not long after the coinage was pocketed, “Pumps” told them that there had been a problem with the bot—it was malfunctioning. As a result, users should send more crypto payments, or they would “lose their initial investment,” Bloomberg reports.

    Of course, there is no such thing as “WSB Finance tokens” and, therefore, the coins never showed up. The fraudsters, whoever they were, made off with some 3,451 Binance coins—a sum which, when translated into real-world money, amounts to a windfall of some $2.1 million. The criminals may have also made some unknown amount via Ether donations, too.

    Before the “Crypto Pumps” profile disappeared from Telegram, the page’s administrator apparently had one final message to share. The fraudster wanted victims to know how the ill-gotten winnings would be spent: “Buying lambo now,” they said.

  2. #8677
    I Amn't In Jail PlanK's Avatar
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    Some good buying opportunities today.

    RIP Bitcoin-av7ep4d_460s-jpg

  3. #8678
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    hooley-dooley
    time to buy is coming - oops may have passed.

    interesting day - look away for a few minutes lose a few $$, then its back x 2, then...

    Haven't had this much fun since I took the wife's paycheck to the casino! (so it will probably end in tears - just like that did )
    Last edited by Ukan Kizmiaz; 13-05-2021 at 07:26 AM.

  4. #8679
    Thailand Expat Saint Willy's Avatar
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    40 Million Americans own bitcoin.

    Elon Musk just tweeted that Telsa will not accept BT payment anymore and caused BT to drop again.

  5. #8680
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    ^^ Elon Musk probably shorted Bitcoin just before he said that. John McAfee got thrown in jail for pump and dump - why not Musk?

  6. #8681
    Hangin' Around cyrille's Avatar
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    Yeah, he seems to like the limelight.

  7. #8682
    Isle of discombobulation Joe 90's Avatar
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    Apparently it's all about climate change.

    Bitcoin mining uses ridiculous amounts of electricity often made by coal.

    A massive contradiction by Musk .

    Any good he does producing electric cars is wiped out by bitcoin mining.

  8. #8683
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    Quote Originally Posted by Joe 90 View Post
    ridiculous amounts of electricity
    could you convert that to libraries of congress or olympic swimming pools for me please

  9. #8684
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    Australian man Craig Wright who says he created bitcoin takes £4bn claim to London high court

    Computer scientist demands 16 software developers give access to 111,000 bitcoins in case one defendant has called ‘bogus’

    Australian man Craig Wright who says he created bitcoin takes PS4bn claim to London high court | Bitcoin | The Guardian

  10. #8685
    I Amn't In Jail PlanK's Avatar
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    Brother Elon buys BTC, gets Tesla to buy BTC.
    Brother Elon pumps BTC, Tesla sells some BTC to boost last quarters profits.

    Brother Elon starts pumping a meme coin, rejects BTC.
    Brother Elon promises to put DOGE on Mars.

    Market manipulation? Will the SEC jump in, oh wait, it can't. Because in the last 8 years it has failed to clarify rules around any cryptocurrencies except BTC & ETH, and now ex-SEC employees represent financial institutions that invest in BTC & ETH. If they were to jump in to expose this shitfuckery they would expose their own corruption.

    Is this all Brother Elon's master plan to expose the SEC and make some extra money to get to Mars?

    He's Asperger's enough to try.
    Some people think it don't, but it be.

  11. #8686
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    Quote Originally Posted by baldrick View Post
    could you convert that to libraries of congress or olympic swimming pools for me please
    Crypto mining uses more of Iceland's electricity than powering the nation's homes.
    Last edited by Bogon; 13-05-2021 at 09:26 PM.

  12. #8687
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    Quote Originally Posted by Plan B View Post
    Brother Elon buys BTC, gets Tesla to buy BTC.
    Brother Elon pumps BTC, Tesla sells some BTC to boost last quarters profits.

    Brother Elon starts pumping a meme coin, rejects BTC.
    Brother Elon promises to put DOGE on Mars.

    Market manipulation? Will the SEC jump in, oh wait, it can't. Because in the last 8 years it has failed to clarify rules around any cryptocurrencies except BTC & ETH, and now ex-SEC employees represent financial institutions that invest in BTC & ETH. If they were to jump in to expose this shitfuckery they would expose their own corruption.

    Is this all Brother Elon's master plan to expose the SEC and make some extra money to get to Mars?

    He's Asperger's enough to try
    Can did a bit deeper here.

    The day Elon said that he would stop taking Bitcoin for his cars, Palantir announced that they would accept Bitcoin as payment for their services.

    It just so happens that Palantir is Peter Theil's baby. The same man who founded Paypal with Elon onboard.

    Something big is brewing...
    Black diamonds? I shit 'em.

  13. #8688
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    Quote Originally Posted by Bogon View Post
    Can did a bit deeper here.

    The day Elon said that he would stop taking Bitcoin for his cars, Palantir announced that they would accept Bitcoin as payment for their services.

    It just so happens that Palantir is Peter Theil's baby. The same man who founded Paypal with Elon onboard.

    Something big is brewing...
    Palantir is bleeding money fast, and need the Pentagon and Federal agencies to survive

    if they go, that company is done

  14. #8689
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    Eton had no choice but suspend BTC payments, and other companies will follow

    in an SEC regulatory environment asking for public listed companies to evaluate their environment impact accurately in their disclosure, calculating BTC energy use could be quite challenging, and reporting the wrong numbers could expose TELSA to future liabilities and violation claims by the regulators.

  15. #8690
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    This is interesting...


    EXCLUSIVE Tesla seeks entry into U.S. renewable fuel credit market - sources | Reuters

    Tesla does seem to have problems making money by selling cars. Though quite good at selling carbon credits and BTC to make a buck.


    Fun to watch the carbon coin shilling maxis squirm today. Why did it take a tweet from an autistic billionaire to get the media to start asking questions about why the maxis are pushing BTC when there are several alternatives that use a fraction of what mined crypto uses, and also a fraction of what the current non-crypto financial system uses?

  16. #8691
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    Quote Originally Posted by Bogon View Post
    Crypto mining uses more of Iceland's electricity than powering the nation's homes.
    They got other sources than fossil fueling.

    What is the real worldwide consume of watts mining this gimmick ?

  17. #8692
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    Just about yesterday was a good day to dump

    Biance under federal investigation for money laundering.

    Bitcoin and Other Cryptos Reel on Reports Binance Is Under Investigation | Barron's

  18. #8693
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    Quote Originally Posted by Dragonfly View Post
    Palantir is bleeding money fast, and need the Pentagon and Federal agencies to survive

    if they go, that company is done
    Where did you get that information?

    You do realise that Palantir release Q1 results a couple of days back?

    Revenues up 49% from a year ago
    Commercial revenues grew 72% and Government revenues grew 83%

    This indicates a future revenue growth of 43% year on year.

    I cannot see any bleeding of money.

  19. #8694
    Making people dance. :-)
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    Nice bouncy-wouncy after the scaredy-dills panic sold.

    ETH 6%
    XRP 8%
    XLM 14%
    DOGE 28%

  20. #8695
    Thailand Expat YourDaddy's Avatar
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    More dumping.

    Would you guys buy Internet Computer? It's trading at $260 right now. I hate Amazon with passion would would like this to succeed.

  21. #8696
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by YourDaddy View Post
    Would you guys buy Internet Computer?
    double plus good - what promise - such vision

    obviously not a scam

  22. #8697
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    Quote Originally Posted by baldrick View Post
    double plus good - what promise - such vision

    obviously not a scam
    So, what is not a scam then?

    Bitcoin? It is toast.

    Ether. Even bigger toast.

  23. #8698
    Excommunicated baldrick's Avatar
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    research - look for a crypto chain that has done what it has promised

    is truly decentralised , has privacy , has continually improved , has a way to pay its programmers without needing donations , has a believable path for the future

  24. #8699
    Making people dance. :-)
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    Quote Originally Posted by baldrick View Post
    research - look for a crypto chain that has done what it has promised

    is truly decentralised , has privacy , has continually improved , has a way to pay its programmers without needing donations , has a believable path for the future
    Go on, giz a clue.

  25. #8700
    Excommunicated baldrick's Avatar
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    minty knows

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