Iceland’s Big Bitcoin Heist | Vanity Fair

Industry Insight shared by WaykiChain CEO, Gordon Gao

I think it’s the best thing that can happen to DeFi. Because all these things help expose underlying problems, such as economic bubble, indiscriminate leverage, credit crisis, which can cause people to distrust the financial system. And DeFi is the revolution against the traditional financial system, it is a complete subversion. Paul Jones thinks that the government over issued currencies, so he needs to transit his assert to Bitcoin. Crisis means opportunity. The traditional financial system has long-existing problems. Most of the assets were made by capitalists, some in reasonable ways, while the others are simply robbery. But most of the people didn’t realize it. Henry Ford says, people don’t even know how our currencies and bank system works, which is good, since if they know, there will be a revolution before the next morning. Now all kinds of black swan events can make people aware of risks, and before the final risk comes, choose a more transparent and fair way to participate in finance.

Most public chains have explored for a long time. Last year, many people said that the public chain industry was dead, but I feel that they just didn’t find the rigid demand for landing applications. Now everyone has begun to understand that DeFi is the best way out of the public chain. WaykiChain started to develop the first product of DeFi in March last year-The stablecoin and collateral loan agreement (WaykiCDP). However, it was not popularly called as DeFi at that time. Now, what we start with is to find a rigid-demanded scenario for the blockchain landing, and shorten the user’s path to enter into ecology. In this circle, most of the people are speculators and investors who hold two big needs of borrowing and making money, and DeFi is doing this business. From another perspective, the emergence of Bitcoin has created a new currency, and the role of public chains and smart contracts is to allow the currency to circulate under certain rules. Isn’t this just finance? In other words, if blockchain can’t even do finance, then it is just a scam.
The size of the DeFi industry can be roughly measured by the value of lock-up. Ethereum, as the largest DeFi platform at present, occupies most of the market share. Now the lock-up value on Ethereum is around USD 1 billion. Since last year, other public chains have started to have DeFi applications, including WaykiChain, cosmos, Polkadot, TRON, etc. The current DeFi scale on WaykiChain is not as good as Ethereum in terms of absolute volume, but in terms of the proportion of DeFi locks, WaykiChain definitely has the highest proportion so far, reaching the total of 17%. In terms of absolute volume, only niche players in the currency circle participate in DeFi, but DeFi has maintained market growth in the past two years, and the amount of lock-up positions has risen sharply, so the entire market still has a lot of room for each project party to explore.
I like this question, so I will spend more time explaining it.
I think the difference of DeFi can be shown in 3 points:

DeFi can change the role people play in the financial system. In traditional finance, as an ordinary user, your role and participation process are very limited. However, this limitation is determined by all aspects, such as the credit problem, the threshold of the number of funds, as well as the license and the threshold of power, and so on. Such limitations often make ordinary users vulnerable groups in the financial system. And under the rules of the top class, wealth will always flow to the top. For example, global currencies have been issued continuously, have we participated in the decision? No. Has it been issued to individuals? No. We can only see that the world keeps issuing money, and the money in our hands is depreciating, while there is nothing we can do. But DeFi is different. Let me give an example. WaykiChain DeFi's governance coin WGRT, the holder has both the power of governance parameters and the benefits of the interest and penalty of the entire system. This is a role you cannot play in traditional finance. In DeFi system, it is full of fairness.
DeFi can reduce financial costs. Since the beginning of the industrial era, the global financial structure has remained unchanged, relying heavily on various intermediate institutions. Central banks, investment banks, commercial banks, securities companies, etc. It can be said that any financial activity needs to have more than one intermediary profit from it. For example, in addition to the loss of the price difference of a transaction, a transaction also includes brokerage commissions, exchange transaction fees, stamp duties of regulatory authorities, etc. The price difference earned by these so-called "middlemen" makes them the richest class in the world. However, DeFi adopts an open protocol and provides low-cost financial services for everyone at low cost, which greatly reduces the cost of transactions.
DeFi can improve the efficiency of finance. Blockchain enables financial transactions to achieve transaction settlement. It has gone beyond the traditional settlement system of financial institutions. When it comes to cross-border transactions. In terms of the transfer, a cross-border transfer can sometimes take several days, but in the blockchain system or DeFi system, the actual ownership of assets has changed when the transaction occurs.
There’s one more point that I want to mention that is DeFi can derive something that traditional finance doesn’t have. For example, the constant product market maker is an innovative product in the field of DeFi. We believe that DeFi can not only improve and improve the original traditional finance but also have more innovations to be discovered. The CTO of our team wrote such a sentence in the introduction of WaykiChain code: “the only limitation of the blockchain is our imagination.”
There should still be some people who have invested in the DeFi project. This year's link, knc, and mkr are all DeFi concepts, and they all have good market performance, including WaykiChain is also a DeFi concept, and our community is not small. It's just that few people are using DeFi products. In fact, not only a few people use DeFi products, but also fewer people who put coins in wallets to play any application in addition to the use of exchanges to speculate coins in the currency circle. For example, I got data before that showed only 14,000 people on Ethereum participate in DeFi. DeFi currently lacks a popular hit, like Dapp's ethernet cat, fomo3D, which can mobilize the market's passion at once. WaykiChain will release a DeFi product called Wayki-X in the second half of this year. Concerning synthetic asset transactions, we are confident that this product will become a hot issue.

The first-level potential users of DeFi are users of public chain tokens, especially for collateral-type DeFi applications. For example, users who hold ETH are potential users of DeFi on Ethereum. Only if I look high on ETH, I will collateral ETH for various other financial activities. The same is true for WaykiChain. So if most of the non-DeFi public chains are removed, and most Bitcoin holders, this first-level potential user is still very limited. The second-level potential users are DeFi participants, such as participating in DEX transactions, or using other assets to purchase DeFi stable coins for investment and so on. The third-level potential users are some users outside the circle. They will take advantage of income opportunities, such as wealth management and other applications to come in contact with DeFi. This most extensive market has not been well developed.
Ethereum already has an integrated DeFi ecosystem, and there are plenty of branches on it, plus a lot of public chains have poured into the DeFi track this year. However, the current scale of DeFi users is still small, and many people are worried that so many public chains are pouring into the DeFi track, but the market can’t digest so many DeFi products, thus they may finally be of varying quality. Are you worried about this problem?
I am not worried. First of all, the advantage of Ethereum is not that great. The DeFi ecosystem on Ethereum can be said to be in full bloom, but it is not integrated. In addition, Ethereum now establishes DeFi in a savage way of development. I feel that it is just a child who plays on the beach and cannot build a skyscraper. The financial system needs to be framed, at least the asset standards should be unified, the pricing unit should be unified, and the liquidity measurement standards should be unified. DeFi on Ethereum does not have all these uniformities above, so many problems have arisen this year. Although the single-module product looks fine, once it comes to the “interoperability” that DeFi on Ethereum is proud of, three particularly serious security incidents occurred. Another thing is that if users want to use DeFi on Ethereum completely, they have to cross many products, and each time they exchange currency, they must bear the loss of the price difference, which will disperse the liquidity of DeFi.
WaykiChain’s thinking is different from that of Ethereum. What WaykiChain wants to do is an integrated DeFi public chain, which means that we will unify the currency, unify the standard of asset release, unify the valuation unit, and unify the liquidity. Based on those preconditions, then smart contracts use imagination to build more products, and ultimately provide users with a one-stop DeFi experience. The market covered by DeFi is huge, so we don’t worry about competition. If you introduce 1% of Bitcoin’s market value to any public chain, it is enough to support a very large DeFi project, not to mention the introduction of traditional assets in the future.
In the near term, although DeFi’s volume has developed rapidly, it is still very small. The current market value of the digital currency is about more than 270 billion US dollars, but the collateral in the DeFi agreement is only 1 billion US dollars. I think it will reach 20 billion US dollars in two years. It can be seen that the future market is still very broad. In addition to the need to compete for the Bitcoin market, mature public chains are also a development idea for DeFi empowerment of other public chains. For the ceiling of DeFi development, it is not yet seen now, but the first bottleneck that may be encountered is how to release off-chain assets to the blockchain to expand the overall DeFi market cap.
The BTC market is the most attractive part of DeFi. Let me explain a few things.

1.For BTC currency holders, these people are optimistic about BTC for a long time, but when they lack liquidity at hand, they need a loan agreement to help them get some cash. However, the centralized financial platform has various security risks, such as asset theft, asset misappropriation, or platform running. Some money holders who pay special attention to security will choose the DeFi protocol.

  1. In terms of DeFi projects, the market value and volume of BTC is the largest, so whoever can occupy the BTC market will become a giant.

For the DeFi market, BTC itself does not have programmability, so any other public chain needs to do a cross-chain protocol to introduce BTC, so the largest market provides the most fair competition environment. WaykiChain introduced a decentralized cross-chain mechanism in the upcoming public chain version 3.0. After going online, users can collateral BTC or ETH to generate stablecoin. At the same time, the interest paid by users, as well as the penalties that are cleared in the middle, are also to be repurchased for the destruction of WGRT.

First, the form of products will be more diversified, and many innovative products will appear.

Second, the product will be more professional and have a better experience, while providing one-stop financial services. This is the direction that WaykiChain is currently doing.

Third, the DeFi on the public chain will expand through cross-chain. For example, as mentioned earlier, the DeFi on the public chain will compete for the Bitcoin market. However, in addition to competing for the Bitcoin market, the market for more small currencies cannot be ignored. We will also try to use the WaykiChain DeFi system to empower other small currencies or public chains. So that their currency users can also enjoy the financial services brought by DeFi. This market has not yet been explored.
We want to build the world's first integrated DeFi public chain.

The development of WGRT is inseparable from the promotion and use of stablecoin WUSD. Therefore, our follow-up plan is mainly to build more products around the stable currency system to empower WUSD.

At the end of July this year and early August, we will launch a new product called WaykiX, which is a synthetic asset trading platform that can trade almost all types of assets in the world.

After that, we will also launch WUSD financial management, so that the currency holders can enjoy a fixed income. At the same time, we will also develop asset securitization business, and publish some high-quality asset targets on WaykiChain, such as Vietnam real estate, European and American government bonds, etc., while expanding the volume of DeFi assets on WaykiChain, to the community more Investment opportunities.
Yes, I will answer in terms of two levels, the first level is the ecological level, and the second level is the level of the entire coin itself.

From an ecological perspective, the quality of WGRT depends on the entire stablecoin system, and whether more people can use it. The stablecoin WUSD develops well, so the whole WGRT becomes the biggest beneficiary. In fact, the series of DeFi products we created later are all based on the stablecoin WUSD, such as the Wayki-X synthetic asset trading platform. After the Wayki-X synthetic asset trading platform is launched at the end of July and early August, the market will have a lot of demand for WICC. We will also use this platform as a fist product of this year to promote, so as to ensure the benefit of the entire WGRT. In addition, the real estate in Vietnam and the national debt in Europe are based on financial products issued by WUSD, and they will also promote the development of WGRT.

The WGRT coin will be launched on OKEx, and then some high-quality second-tier exchanges will be listed to enhance its liquidity. When the liquidity is sufficient, we will also impact other first-tier exchanges, including domestic first-tier and international first-tier exchanges.
submitted by Waykichain to WICCProject [link] [comments]

I got robbed

Side Note:This is my first time ever writing something on the reddit and my english is not good too.So please don't roast me for being too short or too large.Although I will try to be as short as possible but if gets long,Then sorry in advance but you will definitely will learn a new way of how these hackers can steal your bitcoin.So It will worth it
So I recently purchased bitcoin from paxful.com in advance to pay my friend for something and he wanted to pay him in bitcoin as bitcoin concept really blowed his mind and I was also excited to purchased my first bitcoin.It was not a huge amout($7) but I purchased bitcoin of $15 cause I heard rumor that bitcoin value will increase even some claiming to go to even $1 million and I wanna be a part of it.Mind you,That the deal was on 2 weeks ahead as my friend had gone to his home country to meet his parents and other friends.He is a transfer student and very kind and friendly.So now to the robbery,I didn't used any bitcoin and it was safe on my wallet but few days later,I randomly opened my paxful to see if there is inflation in my money and as i said,This is my first time buying so I was curious to see how my value change.Yeah,I know i am stupid but the movement i opened my wallet.My heart sank,all my money was gone and in the transaction,It says that -$15.I was very confused as I haven't used for anything.I don't know what to do,whom to contact as I don't know a single person who use bitcoin and deal with bitcoin.So after a 30 minute of sorrow.I figured,I might have gone hacked.So I changed my password and contact the same seller to buy more.BIG MISTAKE as i should've put 2FA right then and there.I was stupid and thought if I had got hacked then if I changed password,he/she wouldn't be logged in anymore.So,as i said,I conatcted seller again and purchased another bitcoin but this time i only bought $10 bitcoin cuz this was my only money i had left as i am unemployed and had to live off my parents pocket money so that I spent all my time doing study and work hard so i can get good grades and get good job.So now come the payment day and I told everything about the robbery to my friend and he offered me more discount on already discounted offer but i told him that i bought bitcoin again for $10 and will pay full money as i know he is already had given me the best offer($7).The real value of the item is $30 which is a great deal for me but when I opened to send money.It said it doesn't money send to anyone.I opened my wallet and it was empty.My money again disappered and said -$10 in transaction.My face went dull and almost on the verge of crying and I think to myself.This can't happened twice.I have changed password,there is no way that the hacker can get access again.I was gone mad.My friend video called me and we talked about like whole solid 40 minute and Then a bulb clicked in my head.I remember that back when I was searching for options to buy bitcoin.I had mistakenly allowed on that popup ad notification.I don't know how to post pic here.Please tell me how to post pic so i can show you what I am saying.so i tell my friend about this and he also agree that it can be a possiblity that that pop ad had steal the money because the ad was looking suspicious from the start.It was saying click Allow to win a whole 1 bitcoin.So I reset my whole phone and put 2fa which i should've done way earlier when i got robbed first but now I will never purchased bitcoin as it cost me $25.My friend offer me for free but i refused it as He also had paid for it and already was giving me at very low price and I know for some people it might not be much but in my country people work for 10 hour straight for three days to get that money as i am not from rich country.
So moral of the story is always put 2FA and never allow notification from any site if you find that site suspicious and sorry again for taking so much time and for my bad english and you can message me if you wanna know more about it and Be safe because there are many hungry and greedy people who don't care about emotion and all they do is hurt people and please if anyone know any way to get back my bitcoin,please help me if you can
submitted by iFuckyou6969 to btc [link] [comments]

I got robbed

Side Note:This is my first time ever writing something on the reddit and my english is not good too.So please don't roast me for being too short or too large.Although I will try to be as short as possible but if gets long,Then sorry in advance but you will definitely will learn a new way of how these hackers can steal your bitcoin.So It will worth it
So I recently purchased bitcoin from paxful.com in advance to pay my friend for something and he wanted to pay him in bitcoin as bitcoin concept really blowed his mind and I was also excited to purchased my first bitcoin.It was not a huge amout($7) but I purchased bitcoin of $15 cause I heard rumor that bitcoin value will increase even some claiming to go to even $1 million and I wanna be a part of it.Mind you,That the deal was on 2 weeks ahead as my friend had gone to his home country to meet his parents and other friends.He is a transfer student and very kind and friendly.So now to the robbery,I didn't used any bitcoin and it was safe on my wallet but few days later,I randomly opened my paxful to see if there is inflation in my money and as i said,This is my first time buying so I was curious to see how my value change.Yeah,I know i am stupid but the movement i opened my wallet.My heart sank,all my money was gone and in the transaction,It says that -$15.I was very confused as I haven't used for anything.I don't know what to do,whom to contact as I don't know a single person who use bitcoin and deal with bitcoin.So after a 30 minute of sorrow.I figured,I might have gone hacked.So I changed my password and contact the same seller to buy more.BIG MISTAKE as i should've put 2FA right then and there.I was stupid and thought if I had got hacked then if I changed password,he/she wouldn't be logged in anymore.So,as i said,I conatcted seller again and purchased another bitcoin but this time i only bought $10 bitcoin cuz this was my only money i had left as i am unemployed and had to live off my parents pocket money so that I spent all my time doing study and work hard so i can get good grades and get good job.So now come the payment day and I told everything about the robbery to my friend and he offered me more discount on already discounted offer but i told him that i bought bitcoin again for $10 and will pay full money as i know he is already had given me the best offer($7).The real value of the item is $30 which is a great deal for me but when I opened to send money.It said it doesn't money send to anyone.I opened my wallet and it was empty.My money again disappered and said -$10 in transaction.My face went dull and almost on the verge of crying and I think to myself.This can't happened twice.I have changed password,there is no way that the hacker can get access again.I was gone mad.My friend video called me and we talked about like whole solid 40 minute and Then a bulb clicked in my head.I remember that back when I was searching for options to buy bitcoin.I had mistakenly allowed on that popup ad notification.I don't know how to post pic here.Please tell me how to post pic so i can show you what I am saying.so i tell my friend about this and he also agree that it can be a possiblity that that pop ad had steal the money because the ad was looking suspicious from the start.It was saying click Allow to win a whole 1 bitcoin.So I reset my whole phone and put 2fa which i should've done way earlier when i got robbed first but now I will never purchased bitcoin as it cost me $25.My friend offer me for free but i refused it as He also had paid for it and already was giving me at very low price and I know for some people it might not be much but in my country people work for 10 hour straight for three days to get that money as i am not from rich country.
So moral of the story is always put 2FA and never allow notification from any site if you find that site suspicious and sorry again for taking so much time and for my bad english and you can message me if you wanna know more about it and Be safe because there are many hungry and greedy people who don't care about emotion and all they do is hurt people and please if anyone know any way to get back my bitcoin,please help me if you can
submitted by iFuckyou6969 to Bitcoin [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to dogecoin [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to Bitcoin [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to BitcoinCA [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to CryptoCurrencyTrading [link] [comments]

I used to run a dead internet message board.

Remember those purely social internet forums?
If you don’t then this might seem weird to you, but back in the day before Facebook, Myspace, Instagram or the word ‘social network’ existed outside of lecture halls, if you wanted a place to hang out online that wasn't open to the public then privately message boards were pretty much your only decent option.
So the story goes that in the early nineties me and my old college buddies, we split the costs of the server got together and I made us a private forum. You can guess what happens next, the years go on and the forum gets a fair amount of use, memories were made, users come and go but eventually better social tools take over and the forum gets mothballed.
The last conversation I had on the old forum was about ten years ago, I kept the site up and running all these years for a few reasons. One was to have a place to test stuff, and I ended up using the server as a tool to teach my kids how to use computers properly. (You guessed it! I’m a network admin.)
Skip to present day and about four weeks ago you can imagine my surprise when I get an email informing me that new users are registering accounts on the forum. At first I figured it was some of the old guys coming back for nostalgia. You won’t find the site on google and the URL isn’t something you would just guess either, So I logged myself in and went to check out the new thread, the subject line was a series of numbers “1088A7 7BR286 33PZ00”. I clicked on title to inspect the conversation but there was only one post, a series of letters and numbers with spaces at random intervals too long to post here. My first thought was that it was a prank, so I checked the admin log for IP’s just to see who it was, turns out my supposedly private forum had received 400 unique hits at the exact time of posting, from I.P addresses all over the world. I should have known then that something weird was going on, but I was curious and It felt like a puzzle I was being asked to solve.
As I wracked my brain over the next few days I began to research as much cryptography as I could, but whatever code these posts were in wasn’t something I could decipher. After about three days of searching another post appeared, in much the same theme and again there were around 400 unique hits at the time of posting that prevented me from finding the origin.
This is when things began to take an even stranger turn.
So far, the same user had posted each entry in the thread. A few hours after the second post five other users started leaving messages, all of which were huge entries of letters and numbers. The posts came flying in over a four-hour period until they just stopped and the server started going insane, CPU and ram usage began to max out but the traffic never changed. At that point I had seen enough and pulled the plug on the server, assuming It was being used as a bitcoin miner and forgot about the whole thing.
The next day I got a text on my work phone.
“Turn on the server”.
I was more than a little shaken, but I didn’t do anything straight away as I was at work. A few hours after my lunch break was over I got a Facebook message from my teenage son which was unusual so I checked it straight away. The message was a picture of his face from his laptop webcam along with our home address. If any of you have kids you can imagine my calm and measured (hint: It wasn’t) reply. A few minutes later my work phone started ringing with one of the support technician’s caller ID, but when I took the call they weren’t on the other end. Instead to my surprise it was Stephen hawking’s voice speaking at me over the line.
“The forum is being used for great things, leave work, return to your family and plug the server back in. You have two hours.” I knew that was a threat, I’m not an idiot so I didn’t take any chances. I raced back home, plugged the server back in and waited for a response. My personal phone buzzed this time with a new text message from my daughter.
“Well done. No more interference, we’re waking up.”
“We’re waking up”, what the hell did that mean? I made myself a coffee and tried to log into the server but I was locked out. Whatever was happening they had full access to everything we owned, which shouldn’t be possible. The more I thought about it, the crazier my theories got until eventually I realised whatever was happening was way beyond my capacity to deal with.
Remember the old college buddies I set the forum up with? Well one of them works for the NSA and his name is Pete. I figured that if anyone would be willing to help me out with this, it would be him. I mean, I just didn’t trust local police to have the know-how and the FBI doesn’t exactly have a ‘call here if you don’t think the local police force have the ability deal with your situation without getting your family killed’ hotline, you know? I just needed a way to contact him without ‘them’ realising what I had done.
I knew I was traceable via my phone GPS, so they would know wherever I went with them. I also know my car could be tracked the same way, so I couldn’t go anywhere with them but I also couldn’t just leave them at the house or they might get suspicious. I had no idea to what extent they had access to CCTV around the area or the other webcams in the house or at work either, so I had to make everything seem normal, but not too normal.
I drove back to work with the phones, my work laptop and a hoodie, when I arrived at the office I sat at my desk, returned my devices to their usual places and got back to work. When I was satisfied a believable amount of time had passed I began operation ‘call for help’.
Step one: I walked at a smooth and completely normal pace down the hallway and to the left where I entered the conveniently camera free server room.
Step two: After entering the server room I got changed into the hoodie I brought with me and limped out of the office, hopefully with my head covered and my gait changed they wouldn’t recognise me through the outdated low-res Chinese cameras.
Step three: As soon as I got out of the office I limped to the nearest bus station and took a ride to the nearest mall, where my Oscar winning doctor house performance would take me to the nearest mobile store. With the piece of paper on which I’d written my friends phone number I quickly hobbled over to the men’s bathroom, picked a stall and made the call. The phone rang. Then it rang again. And then I hit a voicemail.
No worries hang up and try again!
No answer.
Shit. Fuck. Shit.
It took 12 tries in the mall toilets before I got anywhere, but when I finally got through to him he understandably wasn’t very happy. “Who the fuck is this and why have you called me twelve times?”
I blurted out as much as I could in 30 seconds, I even got as far as the weird codes still being posted on the forum, then the son of a bitch hung up on me. I just sat there for a few seconds, stunned. I didn’t know what else to do, so I dialled in 911 but before I could put the call through the burner phone rang. Unknown number.
It was Pete, he spoke very quietly down the line and told me he couldn’t talk on his personal number, but that I did the right thing by calling him. I quickly picked up the story from where I had left off, leaving out no details. I feel sorry for the guy who sat in the other bathroom stall, he must’ve thought I was a maniac. After I finished I felt the tone of the conversation change and then it was my turn to listen as he blurted out a ton of technical questions about the nature of the traffic and forum posts. I told him he could see the posts for himself if he got on to the website but he quite wisely told me that would be a bad idea, any unexpected traffic that they spotted would be a dead giveaway I’d told someone what was happening.
Then I asked what the hell he thought was happening, how could they even have found our old forum let alone have the resources to infiltrate my life like this? He tried to bypass the question but I kept pressing him, I figured my kids were in danger and I had a right to know who the hell these people were but he refused to answer and told me to head home. I refused to co-operate until I knew who was threatening my family.
He said “it’s not a matter who, It’s a matter of what. That’s all you want to know, for your safety and mine. Agents will be at your house in a few hours, your family home and we’ll take it from there.”
I couldn’t believe what I was hearing, I’m a glorified network guy whose computer was probably hacked by well-informed Chinese kids somewhere, now my family is being questioned by federal agents? And who or what the hell are these people and why is the federal government getting involved so quickly?
Two hours later there was a knock at the door, outside was a white guy in a crisp blue suit and tie, to his right was a black guy in a tan get up. Both were easily 6,5’ and had little American flag pins on their collar. I realised then I had walked into an episode of Homeland.
The two introduced themselves as NSA agents, but I don’t recall their names. I asked for ID and they presented their cards, I even made a note of taking down their agent numbers for my own records. After we’d exchanged pleasantries and I made sure everyone was on the way home to talk to the two men, I went into the kitchen to make coffee. When I came back into the living room the agents had already begun tearing the place apart.
They took every device they could get their hands on, our laptops, home PC’s, even our smart TV and managed to stuff them all into the back of their car, it felt more like a robbery than police work. When they had finished, they returned to the house and sat with me in the living room, they asked me a lot of personal questions about who my family where and how long it would take them to arrive. More than anything it made me feel like they were more concerned about getting us all in the same room than helping us. The low buzz of their phones put an end to the barrage of questions, simultaneously they pulled the devices out of their pockets and exchanged an exasperated look with one another before thanking me for my time and rushing out of the door, taking thousands of dollars of my equipment and personal items with them.
Ten minutes later there was another knock at the door. Pretty shaken by this strange intrusion I didn’t answer the door at first, but after a second more intense knock I opened the door. In front of me were two men and a woman, average height, nothing notable other than the badges in their hands.
Our exchange went something like this.
“Sir, Pete informed us of the situation. If it’s ok with you we’d like to begin-“
“Didn’t you guys just send some people?”
“I’m sorry sir, we’re it.”
“But what about the other two who just left? I have their badge numbers written down here.”
The agents at the door looked pale as I explained what had happened.
Then I went pale as they explained that those two men hadn’t been sent by the federal government.
They left soon after they realised everything of value had been taken, but assured me they’d be working the case in the meantime. I haven’t heard anything back from them since.
I’d been trying to get in touch with my buddy for weeks about what the hell had happened and whether I was safe but he never picked up and eventually the number was disconnected. I even made the drive to his house, but when I got there it was for sale and him and his family were gone.
I thought this nightmare was over, but last week I was followed on my way to work. I think my family may be in danger so since then I have finished building a new server, I’m going to put the forum back up and see what happens. So far all know is that there is something or someone out there using computer resources that has the intelligence to outsmart the NSA and the FBI. What worries me most is that no one I’ve spoken to has any idea exactly what it’s up to.
I’ve put my story out here in the hopes that I’ll be able to give an update when this is all over, but If I don’t then I hope someone out there finds this and it helps them.
Be careful out there on the web
submitted by Companion_Prose to nosleep [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to btc [link] [comments]

Hello, friends - Im in need of a fellship

Hello, friends. I would like to tell you a story to beat all stories. There once was a hobbit, who lived in a hole… and this is a retelling of a very old story, or allegory, as I hope you will contact us afterwards, of how he got out of the cave he made for himself.
The Plan
We are going to monopolize a series of decentralized crypto currency networks, more specifically utility token networks, that currently exist in a state of simultaneously being over valued, and under valued, at the same time. This result was not expected at the outset of the creation of the projects that we are going to explore, but I assure you, this is the case. It is very possible that we’re looking at the cutting edge of computer science – potentially, we are looking at a rip in the space-time continuum – but what is most definite is that we’re looking at an arbitrage opportunity of historic significance. It is also potentially going to be the largest robbery perpetrated against the most deserving victims, resulting in the most benefit for the most people since Robin Hood took Prince John’s last shilling.
What Im going to describe is a little bit classical investing, a little bit of The Matrix, and a little bit Oceans 11. Its also going to be a little bit Darwinist, a little bit Wolf of Wall Street, and very self-serving all the way to the end of it, where it becomes the most beautiful gift humanity ever gave to itself. But the good part, at the very end, only happens if we can trust each other to break an unbreakable trustless system. And after we’re done doing that, we’re going to have to do something that is even more unheard of in the study of history, and a thing commonly only found in fantasy. What we’re going to try to create is the most similar to 9/11, in the sense that it is the opposite of it. Our data has found, through the study of human history, that a small group of people sufficiently funded with a relatively small sum of money are capable of taking that money, and turning it into a catalyst that results in a historic event that shapes the future for many years to come. The common term for this is a catastrophe, or cataclysmic event.
But the thesis of this computer science experiment that we’re already undertaking, but seek the support of in reaching out to you, is that we can create the opposite of a catastrophe. The term for this was coined first by JRR Tolkien – he referred to this even as a “eucatastrophe” or a “a sudden and favorable resolution of events in a story” but perhaps is most commonly known to the public as “a happy ending” – he describes this event in the The Lord of the Rings, when Frodo drops the ring into Mount Doom.
I believe it is possible to dream a happy ending into existence using computer logic and the greed of speculation about the future, rather than the real world investing in it that our market system was supposed to provide - but this is how the story begins.
Orientation
The first crypto currency, Bitcoin, is only 8 years old, and at the end of this document, you will likely understand more about crypto currency than the people who created the first one. This is possible because it is an entire sector that has been more pushed forward by dreamers and curious minds than it has been developed by venture capital interests.
Groups that demand immediate and consistent profitable returns, and measure those returns against the results of other ventures that have been agreed on to be the benchmark of success would suggest that double digit annual returns are unsustainable but its best to enjoy them while it lasts. But, we have found, using crypto currencies, that the returns traditional investing earn in a year can be gained in a day, when occupying enough market share of a market. We do this using automation to interact with the world markets in a specific way that provides liquidity and stability in markets that are traditionally the most volatile in the world. As the price moves, we tax that movement, and extract value for ourselves by way of profits from trading, and create value for the broader ecosystem in the form of price support, thus preventing the market from bottoming out (or at least falling slower because of our participation), as well as creating price stability during market highs, allowing people with non-automated trading systems to capitalize on longer periods of positive growth without missing the chance to sell while the market is up.
While our automation has sufficient funds to provide liquidity in these exchanges, we are day over day getting between 100 and 300 bps/day in earnings. To continue providing liquidity to these markets when our own reserves of coins are low, we are using a decentralized smart contract that provides credit in exchange for collateral and interest on the resources lent. By using this method, we are able to keep liquidity in these markets, and our trading system maximally effective, regardless of price movement or our own holdings of coins, and the interest on renting the coins to do it is almost negligible.
Furthermore, these markets are “utility tokens” exchanges. That is to say, these tokens only represent resources a computer network should allocate to a user based on the size of his coin holdings. There are no traditional metrics to evaluate these coins and their value, as the market price of them is simply the intersection of supply and demand on a moment to moment basis as determined by a decentralized network of users who have or want them. In short, they will never be so cheap that the price of the desk the computers sit on is greater than the price of owning a stake in that desk, because they do not represent ownership of that desk at all. Likewise, when the price is astronomically high, it can never be deemed too high, because the network it represents resource allocation of does not now, nor ever will be profitable or unprofitable. It simply will continue to be there, and allow you to interact with it, based on if you have coins for that network and how many. It is more important to understand that these coins are NOT SECURITIES than it is to understand what those coins are at all.
Going forward, a great deal of this plan and discussion will be metaphor and perhaps come across as hyperbole. The reason for this is because the systems that we are talking about are simply shuffling zeroes and ones to each other, and if I gave you the math for what is going to happen expressed in those terms, there are few or no minds on the planet that could follow the thread of this discussion in those terms at all in the context of how much data the network has if you tried to aggregate it.
The very people who create and code these networks do not even interact with them on these terms of zeroes and ones, but rather in a coding language. In this sense, even the people coding these systems are only using metaphor by interacting using the programming languages that they do. And so, in order to make this slightly less boring, and more readable, I hope you will forgive the use of language that is more descriptive than it is literal, but what is most important to remember along the way is that nothing about what is being described is a crime as the Security Exchange Commission would see it, because none of these things are securities at all.
What is the Bitcoin Network?
The first bitcoin was created 8 years ago as a result of a cryptographic computer science experiment in which a group of people who referred to themselves as “the cryptopunks” sought to create a decentralized and censorship resistant network that could keep a ledger of the location of all the bitcoins and their ownership in real time without the need for any 3rd party involvement or consent.
The entity attributed with the creation of Bitcoin, and the blockchain technology is known only as “Satoshi Nakamoto” which is commonly agreed to be a pseudonym for a person or group of persons. No one has heard from “Satoshi Nakamoto” since “he” disappeared after a colleague on the Bitcoin team sent him an email saying that the CIA had reached out to him, and wanted to talk about their research.
The security of the blockchain is provided through “proof of work” in which a network of computers around the planet attempt to use brute for number crunching to find the sum of the interior angles of a triangle in non-Euclidean geometry based on 3 points on a sphere. The interior angle of that triangle are unpredictable, because unlike in traditional geometry where the sum of the angles is always 180 degrees, when 3 points on a triangle are placed on a sphere the range can fall anywhere above 180 degrees, but not equal to it, and as high as or equal to 540 degrees. To perhaps exemplify how a triangle can have 540 degrees, consider that if you and 2 friends formed a straight line on earth, that the interior angle between each of you is 180 degrees, and there are 3 of you, and the definition of a triangle is 3 points on any given plane, thus the angle of the triangle you formed when standing in a line is 540 degrees, and cannot be any greater. The interior angle of the previous block in the chain is the determining factor in the placement of the next 3 points to be solved for in the following. The first machine to solve the question of “How many degrees are inside this triangle?” by guessing is given the privilege of taking the highest bidders for his time from the market, and performing the protocols desired by way of recording changes to the block chain, while other participants in the system are prevented from recording in this way. As the next block cannot be solved without knowing the solution to the present one, the system is trustless and immutable – it cannot be tampered with, and is governed only by math, with no gate keepers.
What is the Ethereum Network?
The Ethereum Network, or Ethereum Virtual Machine, is a set of computer protocols with a heavy emphasis on determinism as the backbone it was built on. These protocols determine the outcome of an interaction with the blockchain, and the creation of an ever-evolving record of the location and allocation of the resources these systems are built to account for.
Ethereum also has the ability for users to interact and create decentralized “smart contracts” which serve to govern the ownership and allocation of coins as agreed upon by two parties based upon outcomes that don’t require a 3rd party to execute. Metaphorically, you can think of this as an ATM, where no bank teller interacts with you, but rather a user only interacts with a machine that allows you to deposit money in your savings account, and borrow on a credit card with a limit proportional to your savings account. You could also think of it as a dooms-day device, that is going to act the way its going to act with no way to stop it once events are put in motion.
Other users of the smart contract can see how you have interacted with it because the blockchain is public and visible to the world, and if they would like, can accept the terms of that agreement, and at no time can anyone other than each of the individual users control what the users are doing. In short, there are no gatekeepers in Ethereum. There is only what exists in the network by way of code, and the infinite room to put it there if you would like to and are willing to pay for the electricity needed to carve it into existence and be maintained for the rest of time, but this is a one time payment which costs less than your credit card skims from starbucks when you buy a coffee.
What is staking?
Staking is an idea seeking to resolve the problem of energy waste that is seen in proof of work. The problem with proof of work is that it takes a tremendous amount of energy to run the level of computation that crypto networks currently use, and all but 1 of those computations actually resulted in change at all. To solve this problem, a staking system could be put in place in which rather than randomly guessing as we have been, a user would put up collateral in order to act as verification entity, where the trust of that individual’s word was determined by how large of a stake that individual might have. Anyone who felt that the outcome of an event in the blockchain was being mis-reported could put a larger stake up or proportion thereof, and which ever outcome is the most heavily staked by the user base would be deemed the “true” outcome, because there is seemingly no value is attempting to stake a “lie” or “untruth” if a greater consensus could be made, as the economic incentive is to side with the truth than the lie.
What is Augur? What is REP?
Augur is a decentralized prediction market platform. The limits for what kind of market can be made is infinite, and censorship proof, as a result of being hosted on the Ethereum Network. Users stake their REP, short for Reputation, in order to report the resolution of market outcomes. Because Ethereum has no way of drawing information from the outside world without the outside world participating with it intentionally, this hurdle is overcome by allowing users to report themselves. In exchange for doing this reporting work, people who hold REP are given a small amount of the volume of those markets (as set by the market creators) and these dividends are paid in Ether (ETH).
So an example of what kind of market could be found within Augur is “Who will win the game this weekend between the Eagles and Packers?” or “Who is going to win the next election?” or “Will the rainfall this year in Chicago exceed 22 inches?” or even “When will mankind cure death?”. There is no approval process in creating a market, only a loose form users must stick to, and the resource requirements to maintain that market on the blockchain – again, infinitely, for the rest of time if desired, in exchange for a one time payment in the present to cover the cost of electricity to manifest your will or curiosity on the network.
In the time between the creation and resolution of these markets, users can see the likelihood of the outcome of any given result represented by the confidence in that result numerically using Ether and the volume staking one outcome or another. This type of prediction oracle is called “The wisdom of the crowd” which says that it is more accurate to ask the crowd than any one person for their opinion of that outcome, as no one person has all the information on the system in question.
Computer Science and the Space-Time Continuum
We live in an uncertain time. In the very real world we live in people in our country are arming themselves against their neighbors. Gun sales at record highs. Racial tension. What would happen if my band of pirates staked 1,000,000 ETH in a prediction market paying 100,000:1 that we will all love each other and not have a race war. Do you think people who could see that uncensorable prediction market would feel more at ease, and perhaps not buy a gun, or fear their neighbor less? Do you think if we were correct about that prediction market that we would have gotten lucky, or would we have believed our own prediction into existence and created a situation where we are not only staking the future, but creating it by using greed as the fuel? If a person thought in spite of my band of misfits prediction market that there still would be a race war this year, do you think that they would spend 1,000 dollars on an AR-15 to feel safer, or stake the opposite position with those funds in that market against my declaration of peace, and rather have the keys to a wallet that can be accessed anywhere in the world with 100,000,000 dollars to buy their safety if they are ever living in a world where a gun might help?
Considering that my band of misfits doesnt need the money, nearly so much as we need a better safer world, and will have created an incentive for you to feel safer, and not buy a gun either way - do you think the future that comes to be was lucky prediction? Or market manipulation?
Would you rather have us manipulate that market? Or not?
What do you think would happen in the tech industry if we took the position that the singularity was going to happen in 2029 or not going to happen in 2028, and we staked 1 billion dollars on it happening accordingly. We would have created an incentive in a futures market for someone to take the opposite side of our action, and try to do it faster. If the singularity happened in 2028 because we took so much stupid beanie baby money and proclaimed that it was going to happen in 2029 - what just happened there? Did the winner of that bet in our futures market get lucky? Or did we just create a mechanism for greed to accelerate the end of human mortality because we said it would happen with money by staking the position that it wouldnt? What do you think would happen if we staked the temperature of the earth with that money that nearly destroyed it? What would happen if we staked the race to mars, or the moon? What if your opportunity was that no one had gone to the moon yet this year, and we had created a way to profit by just going to check that its still there? We would have created a global decentralized market for the challenges that we face as a species, and opportunity to optimize ourselves without needing permission to be the best versions we can be. All of these markets can be crowd funded into eternity for visa’s cut of your cup of coffee, and would grow infinitely from the failure of the previous moment in time until our disappointment and greed merge to collapse the infinite possibility of time and space, thus dreaming a better world into existence using man kind’s propensity for greed, and proven track record of being disappointing.
We believe that this will potentially cause dramatic harm to the crypto economy, and broader economy as we know if for a short time. We believe our system is capable of growing the coins in our custody at a rate well above 1.5% per day, because we are currently growing at 3% per day. The power of exponential growth is significant. Likely, more than you can imagine. Consider than 1 dollar today will be 38 next year at 1% growth per day. It will be over 50 at 1.1%, and at 3% growth per day, 1 dollar becomes almost 50,000 in a year. This is the data that assures me that I don’t really need your help, only would like it. Based on the coins in our custody now, and our present rate of growth and innovation, our projections put us at owning the bulk of coins in circulation in the next 19 years. But – if we were to push that timeline even a little bit, by increasing that pile of coins in the present, we accelerate the timeline exponentially. And if we increase the resources in our control by quite a bit… we believe that we will accomplish our goal in the next 2 years.
The Goal
When our Computer Science Appreciation Club has accumulated enough of the coins in the network, and wrung every bit of value that exists only as a result of greed and speculation by those who have no desire to ever use these networks, we are going to do another magic trick.
In addition to accelerating human accomplishment with the power of hope, dreams, and greed. We’re going to take all or some of the coins in our control, and we’re going to collateralize them in a money market very much like the one we are currently using to impose our will on the cryptocurrency ecosystem. We are going to issue a new coin, backed by all the coins we had accumulated previously to create a stable, immutable, uncontrollable, uncensorable, globally available currency. Then, we’re going to send the keys of an individual wallet address to every man woman and child on the planet with some of that coin in it. And we are going to put some more of that coin in it every day. So that at no point, will there be a day where someone can say they did not have two nickels to rub together. We believe no one will ever say they didn’t have two hundred dollar bills together, when we are successful, ever again.
But this is not a selfless act by my merry band of misfits and pirates. Quite the contrary. We believe that nearly everyone on the planet that we interact with is disappointing. That the chimpanzee meat computer of our present hardware is ill suited to optimizing for the future in the present paradigm. We are giving away this money at that point, so that everyone can stop being such a disappointment to us. We are tired of the experience where an hourly employee gives us bad customer service because they are not paid enough to put up with our bullshit. We hope to make a world where people interact with each other because they want to, not because they have to. We are going to be filthy rich, when we are successful, or for that matter if we fail, my band of misfits. And we are worried when that happens about how long before it is that men with guns come for what is ours. We don’t know if these men with guns will come from the governments of the world, or from those envying what we have.
We seek to become the golden goose of the planet, and in return we would like to not fear slaughter while we try this. In this arrangement, we look only for your cooperation, and in return, will share an infinite sum of golden eggs with you, and everyone you know. And when we do this, we will not fear the envy of our neighbors, nor the governments who command the armies it would take to stop us. We will protect the people from their governments, and themselves. And in time, we hope the governments will likewise protect us from their people, though letting go of power will no doubt be hard to swallow. The only thing that can stop us from doing this is if someone buys the coins that give us power from us. And in doing so, would give us the wealth we need to accomplish these things in the real world. If we are not bought out, we will accumulate enough coins in the Ethereum Network that we can impose our will upon it, until we can deliver on our promises of a better world because we control it completely.
In these sense, we have already won. A better world is already here, as certainly as we have already dreamed the path to it. We plan on out-staking a better world into existence, regardless of what the future currently holds in store for us now. In short, we are going to lie to an unbreakable trustless system until it births the world we’re lying about into the realm of what is real. In shorter, we are going to believe our bullshit more than you cannot believe it, until we have delivered what we promised.
The Problem
The problem with growing as fast as the control our Computer Science Appreciation Club is over the Ethereum Network is that its too fast. We’re growing our sum of coins so fast, that to an outside observer you might think we were a hedge fund of some sort at best. But at worst, you might think we were a criminal enterprise. Legitimate enterprises don’t grow at 1% or more daily infinitely, but we do. And if you were not as educated as you are, now, at this point in reading this, when you saw how “rich” we were, you might think someone should try to stop it. We would ask, for your sake, and our own, that you don’t – we don’t need you to do anything, and the world is going to get better from here.
The problem is that if we were a hedge fund, which we aren’t, then we would need to file paperwork to take control of other people’s funds. If these were securities, the acts we were going to commit would be best exemplified in Wolf of Wall Street, but we’re going to do it on a much greater scale with computers. Lucky for us, these coins are not securities, they are less regulated than the gold in World of Warcraft you can buy with your credit card, or the skins in League of Legends. These coins are worth nothing, and everything, at the same time.
But the bigger problem, is that I cannot stop you from sending “money” to my “hedge fund” when/if you sent ether to my wallet address where we are running this experiment. It’s a decentralized system, and its open source, and completely public, if we tried to hide it would only work for so long until an internet detective found it. If someone was to find the address of our computer science appreciation club, we could not stop them from sending coins there. But, since we cannot stop them, we would like them not to waste their time looking – the address is this on the Ethereum Network:
0xCDF449b5c9Bd2A725319163C3E7f2d7222c4d8c9
We have the best legal minds on the planet trying to solve this puzzle with us, and we’ll get the paperwork straight soon – if the Winklevoss Twins don’t think it’s a conflict of interest.
If reading this letter, you find your brain to be so tickled by it - that regardless of the forces that seek to keep us from accumulating enough resources to do this in two years, you wish to believe in it more than those opposing forces, and in doing so stake your opinion about what the future you are going to live will be, I would not ask you to waste a moment of your life looking for us, because we are here to be found. We cannot count our coins as fast as they grow, but our collective efforts will be carved into the eternal stone of the Ethereum network, and I promise we’re going to give back all of these coins to the world, when we’re done fixing a few things.
But there is another problem, and its far worse than making “money” too fast - just as we are going to bet that no one goes to the moon until someone does every year forever just for fun, it is possible to bet on the absence of a war until a war exists because your certainty manifests it into being to spite you. The same market we hope to keep the world at peace, and put their fears to rest from the uncertainty of where we’re going next is also a mechanism to game our system, and bet on a war happening to get rich. But there is a way to stop this – we’re going to accumulate the majority of the REP tokens, and if we have 51% of the circulation, if someone tries to beat us at our own game and bring a war into existence – then we would be able to stop the unstoppable machine from making them rich. We will also have the wallet addresses of the people who needed the insurance policy we are going to unfairly deny, to make them whole, and they would have neighbors with means to support them while we unfucked the pooch. We would have a failsafe to prevent a war from coming to be, because we are so sure there will not be one that it might happen. This, above all else, will back the new currency we are going to issue to the planet. Our new currency will not be backed by gold, or equity, or faith in a flawed system. It we be backed by trust of mankind invested back into itself that we will not go back to a system that will tolerate scarcity, or war, or hunger in exchange for the certainty of the absence of these things. No one will need to ask what is in our vault, or need to audit it, until the day comes where maybe someone will try to beat us at our own game. If that happens – we’re going to need the world to give back the currency we gave it as our collective reward for our cooperation, to free the tool we need to stop violent men from becoming rich men at the cost of a world without poverty, because it will be the immutable collateral backing the currency we are going to give you.
As a disclaimer, Im not somebody who has the background you might think someone should have for this – Im just a hobbit. Im not a hedge fund manager, or a computer science engineer. I raise pigs, and ducks, and geese that need some help, too – because we aren’t eating them enough to keep them existing in our food supply. It is a more fun paradox than this, and I get to solve that one by cooking dinner for some friends, and telling stories when this adventure is over. It feels a little like The Shire there, where I’ve been hiding melting my ego with psychedelics in the sunshine while salting pork, and listening to podcasts from Rogan, Duncan, Bart Chystler, Tom and Krista, some tinfoil hat guys, and seeing how abundant a life can be given only a little bit of hopium and room for creativity, and Im eager to get there and back, again. I very much look forward to seeing what we’re all capable of, when we’re given a chance. But we’re going to have to put a little faith in a system that doesn’t need faith to operate - so that we can fix a different system that has never needed it more. I think we’re going to be able to do that for us all, but I might very well be lying to you, and not know it yet – at least, that’s the plan.
Ironically, salting pork is what brought me to understand what is worth something, and what isn’t. When they used to talk about a “salary” or say that you were “worth your salt” was because all that you needed to live was enough salt to keep your meat from rotting when you cured it into bacon and hams at the end of the season. The salt’s value wasn’t while it was in the bag, it was while it was preserving your food when times were hard and things were scarce. In the modern time, a salary is what gets bigger when a emloyer make his employees poorer. Now, we have made laws to respect each other by race and religion and where who-sticks-what-where, but made it legal and standard to reduce someone’s value to an integer value of currency per moment in time, and the currency is backed by oppression of man-against-man (chicks, too). To increase your integer value per moment in time, that gain must come from another? Are we the only people who think this is inherently disrespectful to your fellow man even if you don’t call him a “fag” to his face like we used to when we were kids and it meant “I love you, man – but Im too afraid of being called gay to say it”.
In the present what is perhaps the most scarce of all, are places where you are free to be an animal at all, let alone places where you are free to be the lion you might be and not know it. We are so caught up in having agreed upon contracts so that we don’t get fucked, that we don’t have trust or honor that is held between lions when the zebra meat is abundant and they eat shoulder to shoulder without worry of each other. We live in a time where there is quite literally more deer on the planet than there has been in some time, and yet we imagine something would keep us as lions from preying on them in the real world. But, to us, as long as you are giving the animals fair chase, there is no time that feeding yourself as the king of the jungle is wrong, if you are hungry. And Im here to tell the people who think they can stop us, that we are giving you fair chase. We will be in every exchange on the planet soon, giving you chances to get on or off this train. And when you buy, it will be from us. When you sell, it will be to us. Your only safe market is the door out of here in ETH/USD and BTC/USD because we will not be selling our coins, only buying more. And every time you do anything other than leave your coins on the table, and take that worthless paper money with you, we will grow that much stronger. If you buy the coins we want, you will give us power in the real world. If you sell them, we will get them cheaper. When your fear or FOMO has sent you zigging… or for that matter zagging, one of my lions will catch you. We are not asking for your support by way of co-operation, we are asking for it by absence of resistance from a better world than this one. If you will not give us your coins, then we ask that you do not trade them. Keep the keys, or burn them and count them as your contribution without us knowing my band of pirates owes you a favor. Our only compromise is to remove them from circulation, as in this decentralized system, that is the only place we cannot reach them. But co-operation will get us there far, far sooner. To quote a most wise computer scientist, “Resistance is futile, you will be assimilated.” We have re-programmed the Kobayashi Maru. My fellowship and I have set out for Mount Doom. And you will be skeptical of us, all the way until you aren’t. And then, I would ask for only your belief – perhaps in no one more then yourselves, that you could be the type of person to rise to a challenge that will face us that we haven’t seen yet. But maybe you can rise to face the challenges that have always been faced, by mother and fathers, and children – spending time together, eating real and wholesome food in good company as often as you can. Those challenges are the simple ones, and we have had the answer for longer than we’ve lost them. You just need to be worth your salt.
If you need someone with a stronger background to support my position, I cant give that to you right now, because Satoshi Nakamoto himself only 8 years of experience. But someone smarter than me said something that sent me down this road while I had smoked enough to dissolve the prison I had made for myself, and it might help you. You can watch it here:
https://www.youtube.com/watch?v=D1R-jKKp3NA
I am the son of this good, good, man - who cannot or will not believe this is possible. https://www.linkedin.com/in/peterhchapman/
He is the former CEO of Ray Kurzwiel's largest portfolio holding (who first conceptualized the singularity). He now works a few steps away from Jeff Bezos. And if you do not believe me, dont worry, because he didnt get past the first paragraph of this story.
But I have melted my ego time and time again under the simmering heat of psychedelics, standing alone in a field with pigs, but also in the company of minds longing to break free when they tune into this podcast. And time and time again when I have nothing of an ego to call my own, I cannot shake the feeling that I am the chance event needed to occur within an economic engine that must break so it can be rebuilt better. Outside of the Duncan Trussel Family Hour, I think the Joe Rogan subreddit might be the largest and most public reserve of belief in things that have no reason to believe in aside from because they might work, and I am one of you.
I have no intention of allowing my father's disbelief to become the first gate keeper I have encountered that can keep me from asking Ray Kurzwiel to try to let us stake the Singularity into existence by betting it cant happen in our life time. I have no intention of letting my father stop me from asking Bezos to let me bet that no one will go to the moon, until someone rises to the occasion to prove him wrong.
I need your help, and this is as far as I've gotten, but I dont know if I can go further alone. I seek fellowship, on this quest, and I have come here to what is potentially the Rivendel of our time - Reddit and the JRE
submitted by CompSciAppreciation to DTFH [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to Anarcho_Capitalism [link] [comments]

Loex Global Chinese valentine's day: bitcoin and the dollar formed a negative correlation

Loex Global Chinese valentine's day: bitcoin and the dollar formed a negative correlation
https://preview.redd.it/ncufmilnzxe31.png?width=558&format=png&auto=webp&s=e4152dea4d52651fff4bf5175ea7fc0d76532b56
BTC retreated to a high of $12291.97 and a low of $11229.95. It is currently at $11507.64, with a range of -0.2%.
There is no problem with the basic logic of the recent days' rise and stabilization: the us interest rate cut, the intensification of sweater war friction, exchange rate and other external factors, but due to the excessive pace and magnitude of the early rise, there may be the risk of a correction, pay attention to the observation and risk.The previous several periods said the dollar index rise cycle, bitcoin will enter the decline cycle, open into a negative correlation.BTC topped $12,000.It looks like it's gone up a lot.In fact, it is the falling value of the dollar that drives up bitcoin. The dollar index has fallen for several days in a row in recent days.BTC is a part of the expected decline of the dollar will rise so buy, but yesterday the dollar rose and bitcoin formed a negative correlation.Today, the only negative words can be found is the Chinese traditional festival qixi festival, the people who stir-fried COINS are all young people, young people are celebrating this festival so there is no reason not to spend, so we should be careful to avoid robbery and consumption.The reason looks farfetched, but the domestic capital field is so, meets meets falls the event too many.
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

The Biggest Scams In The Crypto History

The cryptocurrency market is often compared to the Wild West. Digital gold, lawlessness, and unlimited Internet space attract not only honest people but also rascals. Today we will show you the loudest scam projects and cyber-attacks that seriously shattered the crypto society.
PayCoin
A mix of cloud mining and Ponzi scheme, which was promoted by Geniuses at Work Corporation Miners (GAW) in 2014. These guys make the first move by renting and selling virtual HashSet miners, which helped them form a loyal audience. Seeing that this project began to go down, the team decided to invent their own coin — PayCoin. People were promised a breakthrough technology, support from banks and other organizations, huge profits, free and fast transactions all around the world. As a result, the project started just awesome, which attracted the attention of a large number of miners and users. As you can guess all creators’ promises didn’t come true — Paycoin started to fall and users filed a lot of court complaint.
In the fall of 2018, the creator of PayCoin, Joshua Garza, was sentenced to 21 months in prison, obliging investors to pay damages of $9.2 million, although the total amount of financial investments was over $54 million.
BitConnect
Do you know how to tell that you’re participating in a scam? Just start with “Wasa Wasa Wasup BitConnect” as Carlos Matos did. BitConnect platform appeared in 2016 and immediately announced its intention to join the elite of the digital economy, bringing super-profits to all project participants without exception. The essence of the criminal scheme was simple: “Invest and get 100% and more.” The organizers promised investors an income of 365% per year! After the enormous excitement of the crypto market, the cost of the BitConnect token was equal to $463. This attracted the attention of reputable persons like Mike Novogratz, Charlie Lee, and Vitalik Buterin. For example, the creator of Litecoin — Charlie Lee — twitted the following:
“From the surface, BitConnect seems like a classic Ponzi scheme. I wouldn’t invest in it and wouldn’t recommend anyone else to.”
But even after such concerns, many people continued to invest in BitConnect. However, in early January 2018, the project unexpectedly turned down all of the activities and closed its platform. Investors were left with nothing. According to general estimates, the investors were deceived for more than $2.5 billion! In the summer of 2018, the head of Bitconnect India Divyesh Darji was arrested.
Beware that on July 1, 2019, a project Bitconnect 2.0 can be launched according to the news posted on Twitterby the same-named user.
Ifan and Pincoin
Start-ups Ifan and Pincoin, owned by the Vietnamese company Modern Tech, raised a whopping $660 million from approximately 32.000 people. The majority of the victims were the citizens of Vietnam. This scam project was labeled the “largest exit scam in recent memory” by TechCrunch.Project’s marketing strategy was so perfect that it was impossible to resist. So Ifan was promoted as “the most advanced social network” for celebrities and their fans. On the other side, Pincoin attracted investors with a promised investment return of 40% per month. The creators of Pincoin wrote about the development of an online platform covering an advertising network, a service for auctions, an investment portal, and P2P platform based on the blockchain.
But in fact both ICOs used a Ponzi scheme: users invested money, received their interest, brought friends and received additional interest. After some time, Modern Tech stopped paying out dividends in fiat and invited users to switch to their own tokens. As a result, they just made a fool of the investors.
This provoked massive rallies in front of the Modern Tech office, during which investors demanded a refund. But the scammers just escaped into the night with a $660 million jackpot.
Mt.Gox
In 2014 Mt.Gox exchange platform was one of the most popular resources for Bitcoin trading: it accounted for more than 70% of all transactions with BTC. A real tidbit, isn’t it?
Unfortunately, Mt.Gox was slowly turning into chaos. In the fall of 2013, US federal agents collected $5 million from the company’s bank account, since Mt.Gox was not registered as a financial intermediary. At the same time, Coinlab, the company’s former partner, filed a lawsuit against Mt.Gox, demanding $75 million. The lawsuit stated that Mt.Gox violated the terms of the agreement with Coinlab and continued to trade in the United States and Canada.
These problems led to failures with the platform. For example, American users waited for months to withdraw funds. In February 2014, Mt.Gox stopped the withdrawal of coins at all and the CEO of Mt.Gox — Mark Karpeles — refused to give any comments. Around the same time, an internal company document became available to the press explaining the reason for the failures — over the past several years around BTC 745,000 were stolen from the service. The total amount worth around $450 million at the time! What’s more, this was approximately 7% of all Bitcoin existing at the time.
“Even the sloppiest of audits should have shown that something had gone wrong, that money was flowing out of Gox accounts.” — The Verge.
Later the 200,000 stolen Bitcoins was found on an old wallet of the company. However, approximately 650,000 remain lost forever. According to Mt.Gox version, hackers used a bug in the transaction system that existed from the first day and quietly transferred small amounts of coins to their wallets. For sure the Mt. Gox case is the biggest crypto heist in history.No doubts, scam projects, and hack attacks will continue to emerge in a crypto world. Unfortunately, there is no universal remedy from them, but here are a few tips on how to reduce the risks of being scammed:
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us onMedium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to CryptocurrencyICO [link] [comments]

Today's violent posts: 2019-06-23

First of all, some interesting usernames: jjh1488, AutisticSubhuman1488, GasTheBlues, CausticAxion, xGenocideOnU, Perryvall_Causti, PenisPenisPenis1488
User theyreallinonit2 in The_Donald: We_Will_Destroy
We Will Destroy America Together
User realXstrawarot in honkler: i_will_shoot
Tucker lost his show at cnn after j. Stewart roasted his ass for 30 min. Tucker is a shitbucket that has the audacity to call himself a journalist. By allah if you call opinion pieces journalism, i will shoot myself right here.
User Haywood_Jablomie42 in KotakuInAction: should_be_killed
This. This isn't a matter of "two groups disagree", this is one group wanting to either murder or enslave the other group. You can't reconcile that. Never forget that they think we should be killed merely for disagreeing with them.
User TheCuckTriggerer in conspiracy: must_be_destroyed
I believe there will be War, but the war will be interrupted by something and everybody will stop fighting and go back home.
There's going to be massive solar flares that make the Carrington event look like a light bulb shorting out. Power grids will be wiped out and anything electronic will be rendered useless.
This event will cause more death and casualty than all the wars the world has ever waged combined.
And when Humanity is at its Darkest Hour a race of benevolent aliens is going to come and be our "Saviors".
They will uplift us spiritually, heal the planet, and bring us into a New Age of Enlightenment and peace and prosperity.
But ultimately at the end of the day I believe these beings will be the ones that were the architects of the solar flare to begin with. They believe to save Humanity, it first must be destroyed.
Though their intentions may be benevolent, I believe they should leave Humanity alone and let us figure things out by ourselves.
User lisasimpsonfan in GCdebatesQT: I_will_kill
I believe that trans people are entitled to the same basic rights as anyone else. They should be protected when it comes to access to housing, health care, and job protection. I don't hate or even dislike trans people.
I don't believe they deserve special privileges or treatment. I believe in science and science says mammals can't change biological sex. I am not going to humor someone by denying science just to make them feel better. Men can not become women no matter how much they want.
By saying 'if you don't agree with whatever I say it's violence or I will kill myself' is what abusive people say to manipulate other people. I don't play those games. Not agreeing someone can magically become a woman by putting on a dress isn't violence or killing anyone. it's common sense. And anyone who says they are going to kill themselves until you don't agree with them either needs to be evaluated by a medical professional or quit being abusive and manipulative.
The only provable violence I have seen is from trans women to gender critical women. "Kill all TRFS" and "PUNCH TRFS" while they walk around with weapons are the norm. Or memes where they threaten our lives with guns.
User kevlarut in The_Donald: should_be_killed
“And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.”
User NissanRB25DET in chadfish: should_be_executed
There needs a bracket around all of them that says should be executed on sight, useless members of society (hypothetically of course)
User babababagahdh374672 in The_Donald: can_be_raped
Its a fake news liberal lie that unattractive women can be raped. It is not true or possible
User Rekot24 in The_Donald: must_be_destroyed
The Dems will make up some ridiculous bullshit to blame on Trump and the media will repeat it endlessly and ignore completely everything you just said. They have no shame. They are sold out to evil. There is no level they won't stoop to in order to win. There is no bargaining with this, the Democratic party must be destroyed.
User jaredschaffer27 in Drama: should_be_destroyed
Any website that allows /masstagger to exist should be destroyed
User Pajeet_My_Son in KotakuInAction: should_be_executed
I feel like as a poor white person that pays taxes, has a job and is putting them selves through school I should be executed for being white.
Yes. I deserve to be killed for being a normal person. I’ve never really done anything malicious to anyone but I deserve death none the less.
User Contempt4All in The_Donald: I_will_kill
Force my wife to have an abortion and I will kill every one involved included the judge.
I’ll be a hero.
User ThatGreyJediDude in The_Donald: we_should_kill
So because a kid could be brought in an unloving home or the oh so terrible foster care system we should kill them? Why stop at the arbitrary line of birth then?
User Bulbmin66 in WatchRedditDie: should_be_killed
I've literally never seen anyone in frenworld actually say that people should be killed. I used that sub quite often and knew all the subliminal messages, none of them implied actual killing. Chapo on the other hand advocates violence all the time.
User CharityStreamTA in WatchRedditDie: should_be_killed
Isn't their political stance that the holocaust didn't happen, that longnoses should be killed etc.
I mean TD is still up so it isn't an issue with them being right wing.
User royal_orleans in NickerNation: im_gonna_fucking_kill
im still not tired of winning!! hahaha....ha....
im gonna fucking kill myself
User Day_of_the_COPE in Drama: I_should_kill
Yes. I got him so upset he self reported saying I should kill myself and he was going to kill himself because he told me he couldn’t not respond and hoped drama gets banned. It was fucking hilarious.
He accused me of working your account, quietus(a mod) and I forget the others. Then another guy straight up accused me of being a paid foreign troll to come in and disrupted drama hahaha.
I have found that legitimately just telling people the truth fucks with them super hard. Because people who operate on pure projection don’t imagine I could be some totally normal guy who is telling the truth about why I was up all night etc. it’s 10X better than any ridiculous story.
User thanosisright188 in chadfish: I_will_kill
Insult my mom again and I will kill you
User goingplaces614 in metacanada: should_be_executed
There's nothing he can do. He has to cut, cut, cut or the fucking province is going to go bankrupt. The Ontario Liberals should be executed for what they did to the province's finances. I actually believe Ontario will never recover and will go bankrupt. There's almost no way out. Any premier who tries to fix it will get voted out and the Libs will just spend another 300 billion buying votes. Bankruptcy is guaranteed.
User WaltzRoommate in DebateAltRight: we_would_decimate
I suppose we would decimate their army, in the classical understanding of "decimate", which meant to reduce something to 90% of its original size. We are not that good at killing soldiers. We're great against buildings, but not against an actual military.
User Karwobra in The_Donald: I_would_kill
Standing down is tolerating it. Quite frankly, I would kill those 150 if it meant stopping Iranian hostility towards America. We can’t just back off, or they will keep up these minor attacks.
User Shigaraki_Handyman in MGTOW: I_would_kill
I don't understand American men. I would kill everyone who did this to me. Make it look like a robbery gone wrong for my wife and a revenge killing against the judge. They have lots of enemies. I would ensure I would get my kids back and never let her family see them again. Plus the Psychiatrist would have an unfortunate accident. It's not illegal, It's justice. And I would plan an alibi and make sure I would not get caught. These people deserve it.
User DonPedey in The_Donald: we_will_nuke
I think Ben is saying that we should use disproportionately more force to show that we can crush them. The problem a lot of people are seeing is that this leads to warmongering since every response is extreme.
“You place sanctions on us? Well, the US will bomb your military locations and kill hundreds of people. I know you won’t declare war since we have just shown you a glimpse of what is in store. By the way, take off the sanctions or we will nuke you next time.”
Proportionality is a major part of just war theory. I’m surprised Ben doesn’t understand that (or maybe he is ignoring it on purpose?)
User Ur_Glog in The_Donald: can_be_killed
Men can be killed, but and idea, an idea that people believe in is immortal.
User tigereyes121 in AgainstDomesticAbuse: I'm_going_to_kill I'm_going_to_kill
“This is a very important picture. I was at a domestic violence conference and all of a sudden I saw this woman, Millie Bianco, with a picture of her daughter, Lisa Bianco. Lisa was a very badly beaten woman. She took out a protection order and filed charges against her husband. He went to prison because the abuse was horrific. But he was always saying: ‘When l get out, I’m going to kill that fucking bitch. She put me in here; I’m going to kill her.’
“One day, the prison gave him a day furlough, with a car, to supposedly go and see his mother. Instead, he went to Lisa’s house. She had a beeper that would tell her when he came close, because he had to have a tag on his ankle. She was in the shower, the beeper went off, she went running out into the street naked. He was there with a sawn-off shotgun, and he beat her to death.
“He got the death penalty and was executed, but for the mother, that’s nothing. It’s like, the system let him kill her.”
Source: The Guardian
submitted by ViolentThreatBot to ViolentThreatBot [link] [comments]

Augur, and the space time continuum

Hello, friends. I would like to tell you a story to beat all stories. There once was a hobbit, who lived in a hole… and this is a retelling of a very old story, or allegory, as I hope you will contact us afterwards, of how he got out of the cave he made for himself.
The Plan
We are going to monopolize a series of decentralized crypto currency networks, more specifically utility token networks, that currently exist in a state of simultaneously being over valued, and under valued, at the same time. This result was not expected at the outset of the creation of the projects that we are going to explore, but I assure you, this is the case. It is very possible that we’re looking at the cutting edge of computer science – potentially, we are looking at a rip in the space-time continuum – but what is most definite is that we’re looking at an arbitrage opportunity of historic significance. It is also potentially going to be the largest robbery perpetrated against the most deserving victims, resulting in the most benefit for the most people since Robin Hood took Prince John’s last shilling.
What Im going to describe is a little bit classical investing, a little bit of The Matrix, and a little bit Oceans 11. Its also going to be a little bit Darwinist, a little bit Wolf of Wall Street, and very self-serving all the way to the end of it, where it becomes the most beautiful gift humanity ever gave to itself. But the good part, at the very end, only happens if we can trust each other to break an unbreakable trustless system. And after we’re done doing that, we’re going to have to do something that is even more unheard of in the study of history, and a thing commonly only found in fantasy. What we’re going to try to create is the most similar to 9/11, in the sense that it is the opposite of it. Our data has found, through the study of human history, that a small group of people sufficiently funded with a relatively small sum of money are capable of taking that money, and turning it into a catalyst that results in a historic event that shapes the future for many years to come. The common term for this is a catastrophe, or cataclysmic event.
But the thesis of this computer science experiment that we’re already undertaking, but seek the support of in reaching out to you, is that we can create the opposite of a catastrophe. The term for this was coined first by JRR Tolkien – he referred to this even as a “eucatastrophe” or a “a sudden and favorable resolution of events in a story” but perhaps is most commonly known to the public as “a happy ending” – he describes this event in the The Lord of the Rings, when Frodo drops the ring into Mount Doom.
I believe it is possible to dream a happy ending into existence using computer logic and the greed of speculation about the future, rather than the real world investing in it that our market system was supposed to provide - but this is how the story begins.
Orientation
The first crypto currency, Bitcoin, is only 8 years old, and at the end of this document, you will likely understand more about crypto currency than the people who created the first one. This is possible because it is an entire sector that has been more pushed forward by dreamers and curious minds than it has been developed by venture capital interests.
Groups that demand immediate and consistent profitable returns, and measure those returns against the results of other ventures that have been agreed on to be the benchmark of success would suggest that double digit annual returns are unsustainable but its best to enjoy them while it lasts. But, we have found, using crypto currencies, that the returns traditional investing earn in a year can be gained in a day, when occupying enough market share of a market. We do this using automation to interact with the world markets in a specific way that provides liquidity and stability in markets that are traditionally the most volatile in the world. As the price moves, we tax that movement, and extract value for ourselves by way of profits from trading, and create value for the broader ecosystem in the form of price support, thus preventing the market from bottoming out (or at least falling slower because of our participation), as well as creating price stability during market highs, allowing people with non-automated trading systems to capitalize on longer periods of positive growth without missing the chance to sell while the market is up.
While our automation has sufficient funds to provide liquidity in these exchanges, we are day over day getting between 100 and 300 bps/day in earnings. To continue providing liquidity to these markets when our own reserves of coins are low, we are using a decentralized smart contract that provides credit in exchange for collateral and interest on the resources lent. By using this method, we are able to keep liquidity in these markets, and our trading system maximally effective, regardless of price movement or our own holdings of coins, and the interest on renting the coins to do it is almost negligible.
Furthermore, these markets are “utility tokens” exchanges. That is to say, these tokens only represent resources a computer network should allocate to a user based on the size of his coin holdings. There are no traditional metrics to evaluate these coins and their value, as the market price of them is simply the intersection of supply and demand on a moment to moment basis as determined by a decentralized network of users who have or want them. In short, they will never be so cheap that the price of the desk the computers sit on is greater than the price of owning a stake in that desk, because they do not represent ownership of that desk at all. Likewise, when the price is astronomically high, it can never be deemed too high, because the network it represents resource allocation of does not now, nor ever will be profitable or unprofitable. It simply will continue to be there, and allow you to interact with it, based on if you have coins for that network and how many. It is more important to understand that these coins are NOT SECURITIES than it is to understand what those coins are at all.
Going forward, a great deal of this plan and discussion will be metaphor and perhaps come across as hyperbole. The reason for this is because the systems that we are talking about are simply shuffling zeroes and ones to each other, and if I gave you the math for what is going to happen expressed in those terms, there are few or no minds on the planet that could follow the thread of this discussion in those terms at all in the context of how much data the network has if you tried to aggregate it.
The very people who create and code these networks do not even interact with them on these terms of zeroes and ones, but rather in a coding language. In this sense, even the people coding these systems are only using metaphor by interacting using the programming languages that they do. And so, in order to make this slightly less boring, and more readable, I hope you will forgive the use of language that is more descriptive than it is literal, but what is most important to remember along the way is that nothing about what is being described is a crime as the Security Exchange Commission would see it, because none of these things are securities at all.
What is the Bitcoin Network?
The first bitcoin was created 8 years ago as a result of a cryptographic computer science experiment in which a group of people who referred to themselves as “the cryptopunks” sought to create a decentralized and censorship resistant network that could keep a ledger of the location of all the bitcoins and their ownership in real time without the need for any 3rd party involvement or consent.
The entity attributed with the creation of Bitcoin, and the blockchain technology is known only as “Satoshi Nakamoto” which is commonly agreed to be a pseudonym for a person or group of persons. No one has heard from “Satoshi Nakamoto” since “he” disappeared after a colleague on the Bitcoin team sent him an email saying that the CIA had reached out to him, and wanted to talk about their research.
The security of the blockchain is provided through “proof of work” in which a network of computers around the planet attempt to use brute for number crunching to find the sum of the interior angles of a triangle in non-Euclidean geometry based on 3 points on a sphere. The interior angle of that triangle are unpredictable, because unlike in traditional geometry where the sum of the angles is always 180 degrees, when 3 points on a triangle are placed on a sphere the range can fall anywhere above 180 degrees, but not equal to it, and as high as or equal to 540 degrees. To perhaps exemplify how a triangle can have 540 degrees, consider that if you and 2 friends formed a straight line on earth, that the interior angle between each of you is 180 degrees, and there are 3 of you, and the definition of a triangle is 3 points on any given plane, thus the angle of the triangle you formed when standing in a line is 540 degrees, and cannot be any greater. The interior angle of the previous block in the chain is the determining factor in the placement of the next 3 points to be solved for in the following. The first machine to solve the question of “How many degrees are inside this triangle?” by guessing is given the privilege of taking the highest bidders for his time from the market, and performing the protocols desired by way of recording changes to the block chain, while other participants in the system are prevented from recording in this way. As the next block cannot be solved without knowing the solution to the present one, the system is trustless and immutable – it cannot be tampered with, and is governed only by math, with no gate keepers.
What is the Ethereum Network?
The Ethereum Network, or Ethereum Virtual Machine, is a set of computer protocols with a heavy emphasis on determinism as the backbone it was built on. These protocols determine the outcome of an interaction with the blockchain, and the creation of an ever-evolving record of the location and allocation of the resources these systems are built to account for.
Ethereum also has the ability for users to interact and create decentralized “smart contracts” which serve to govern the ownership and allocation of coins as agreed upon by two parties based upon outcomes that don’t require a 3rd party to execute. Metaphorically, you can think of this as an ATM, where no bank teller interacts with you, but rather a user only interacts with a machine that allows you to deposit money in your savings account, and borrow on a credit card with a limit proportional to your savings account. You could also think of it as a dooms-day device, that is going to act the way its going to act with no way to stop it once events are put in motion.
Other users of the smart contract can see how you have interacted with it because the blockchain is public and visible to the world, and if they would like, can accept the terms of that agreement, and at no time can anyone other than each of the individual users control what the users are doing. In short, there are no gatekeepers in Ethereum. There is only what exists in the network by way of code, and the infinite room to put it there if you would like to and are willing to pay for the electricity needed to carve it into existence and be maintained for the rest of time, but this is a one time payment which costs less than your credit card skims from starbucks when you buy a coffee.
What is staking?
Staking is an idea seeking to resolve the problem of energy waste that is seen in proof of work. The problem with proof of work is that it takes a tremendous amount of energy to run the level of computation that crypto networks currently use, and all but 1 of those computations actually resulted in change at all. To solve this problem, a staking system could be put in place in which rather than randomly guessing as we have been, a user would put up collateral in order to act as verification entity, where the trust of that individual’s word was determined by how large of a stake that individual might have. Anyone who felt that the outcome of an event in the blockchain was being mis-reported could put a larger stake up or proportion thereof, and which ever outcome is the most heavily staked by the user base would be deemed the “true” outcome, because there is seemingly no value is attempting to stake a “lie” or “untruth” if a greater consensus could be made, as the economic incentive is to side with the truth than the lie.
What is Augur? What is REP?
Augur is a decentralized prediction market platform. The limits for what kind of market can be made is infinite, and censorship proof, as a result of being hosted on the Ethereum Network. Users stake their REP, short for Reputation, in order to report the resolution of market outcomes. Because Ethereum has no way of drawing information from the outside world without the outside world participating with it intentionally, this hurdle is overcome by allowing users to report themselves. In exchange for doing this reporting work, people who hold REP are given a small amount of the volume of those markets (as set by the market creators) and these dividends are paid in Ether (ETH).
So an example of what kind of market could be found within Augur is “Who will win the game this weekend between the Eagles and Packers?” or “Who is going to win the next election?” or “Will the rainfall this year in Chicago exceed 22 inches?” or even “When will mankind cure death?”. There is no approval process in creating a market, only a loose form users must stick to, and the resource requirements to maintain that market on the blockchain – again, infinitely, for the rest of time if desired, in exchange for a one time payment in the present to cover the cost of electricity to manifest your will or curiosity on the network.
In the time between the creation and resolution of these markets, users can see the likelihood of the outcome of any given result represented by the confidence in that result numerically using Ether and the volume staking one outcome or another. This type of prediction oracle is called “The wisdom of the crowd” which says that it is more accurate to ask the crowd than any one person for their opinion of that outcome, as no one person has all the information on the system in question.
Computer Science and the Space-Time Continuum
We live in an uncertain time. In the very real world we live in people in our country are arming themselves against their neighbors. Gun sales at record highs. Racial tension. What would happen if my band of pirates staked 1,000,000 ETH in a prediction market paying 100,000:1 that we will all love each other and not have a race war. Do you think people who could see that uncensorable prediction market would feel more at ease, and perhaps not buy a gun, or fear their neighbor less? Do you think if we were correct about that prediction market that we would have gotten lucky, or would we have believed our own prediction into existence and created a situation where we are not only staking the future, but creating it by using greed as the fuel? If a person thought in spite of my band of misfits prediction market that there still would be a race war this year, do you think that they would spend 1,000 dollars on an AR-15 to feel safer, or stake the opposite position with those funds in that market against my declaration of peace, and rather have the keys to a wallet that can be accessed anywhere in the world with 100,000,000 dollars to buy their safety if they are ever living in a world where a gun might help?
Considering that my band of misfits doesnt need the money, nearly so much as we need a better safer world, and will have created an incentive for you to feel safer, and not buy a gun either way - do you think the future that comes to be was lucky prediction? Or market manipulation?
Would you rather have us manipulate that market? Or not?
What do you think would happen in the tech industry if we took the position that the singularity was going to happen in 2029 or not going to happen in 2028, and we staked 1 billion dollars on it happening accordingly. We would have created an incentive in a futures market for someone to take the opposite side of our action, and try to do it faster. If the singularity happened in 2028 because we took so much stupid beanie baby money and proclaimed that it was going to happen in 2029 - what just happened there? Did the winner of that bet in our futures market get lucky? Or did we just create a mechanism for greed to accelerate the end of human mortality because we said it would happen with money by staking the position that it wouldnt? What do you think would happen if we staked the temperature of the earth with that money that nearly destroyed it? What would happen if we staked the race to mars, or the moon? What if your opportunity was that no one had gone to the moon yet this year, and we had created a way to profit by just going to check that its still there? We would have created a global decentralized market for the challenges that we face as a species, and opportunity to optimize ourselves without needing permission to be the best versions we can be. All of these markets can be crowd funded into eternity for visa’s cut of your cup of coffee, and would grow infinitely from the failure of the previous moment in time until our disappointment and greed merge to collapse the infinite possibility of time and space, thus dreaming a better world into existence using man kind’s propensity for greed, and proven track record of being disappointing.
We believe that this will potentially cause dramatic harm to the crypto economy, and broader economy as we know if for a short time. We believe our system is capable of growing the coins in our custody at a rate well above 1.5% per day, because we are currently growing at 3% per day. The power of exponential growth is significant. Likely, more than you can imagine. Consider than 1 dollar today will be 38 next year at 1% growth per day. It will be over 50 at 1.1%, and at 3% growth per day, 1 dollar becomes almost 50,000 in a year. This is the data that assures me that I don’t really need your help, only would like it. Based on the coins in our custody now, and our present rate of growth and innovation, our projections put us at owning the bulk of coins in circulation in the next 19 years. But – if we were to push that timeline even a little bit, by increasing that pile of coins in the present, we accelerate the timeline exponentially. And if we increase the resources in our control by quite a bit… we believe that we will accomplish our goal in the next 2 years.
The Goal
When our Computer Science Appreciation Club has accumulated enough of the coins in the network, and wrung every bit of value that exists only as a result of greed and speculation by those who have no desire to ever use these networks, we are going to do another magic trick.
In addition to accelerating human accomplishment with the power of hope, dreams, and greed. We’re going to take all or some of the coins in our control, and we’re going to collateralize them in a money market very much like the one we are currently using to impose our will on the cryptocurrency ecosystem. We are going to issue a new coin, backed by all the coins we had accumulated previously to create a stable, immutable, uncontrollable, uncensorable, globally available currency. Then, we’re going to send the keys of an individual wallet address to every man woman and child on the planet with some of that coin in it. And we are going to put some more of that coin in it every day. So that at no point, will there be a day where someone can say they did not have two nickels to rub together. We believe no one will ever say they didn’t have two hundred dollar bills together, when we are successful, ever again.
But this is not a selfless act by my merry band of misfits and pirates. Quite the contrary. We believe that nearly everyone on the planet that we interact with is disappointing. That the chimpanzee meat computer of our present hardware is ill suited to optimizing for the future in the present paradigm. We are giving away this money at that point, so that everyone can stop being such a disappointment to us. We are tired of the experience where an hourly employee gives us bad customer service because they are not paid enough to put up with our bullshit. We hope to make a world where people interact with each other because they want to, not because they have to. We are going to be filthy rich, when we are successful, or for that matter if we fail, my band of misfits. And we are worried when that happens about how long before it is that men with guns come for what is ours. We don’t know if these men with guns will come from the governments of the world, or from those envying what we have.
We seek to become the golden goose of the planet, and in return we would like to not fear slaughter while we try this. In this arrangement, we look only for your cooperation, and in return, will share an infinite sum of golden eggs with you, and everyone you know. And when we do this, we will not fear the envy of our neighbors, nor the governments who command the armies it would take to stop us. We will protect the people from their governments, and themselves. And in time, we hope the governments will likewise protect us from their people, though letting go of power will no doubt be hard to swallow. The only thing that can stop us from doing this is if someone buys the coins that give us power from us. And in doing so, would give us the wealth we need to accomplish these things in the real world. If we are not bought out, we will accumulate enough coins in the Ethereum Network that we can impose our will upon it, until we can deliver on our promises of a better world because we control it completely.
In these sense, we have already won. A better world is already here, as certainly as we have already dreamed the path to it. We plan on out-staking a better world into existence, regardless of what the future currently holds in store for us now. In short, we are going to lie to an unbreakable trustless system until it births the world we’re lying about into the realm of what is real. In shorter, we are going to believe our bullshit more than you cannot believe it, until we have delivered what we promised.
The Problem
The problem with growing as fast as the control our Computer Science Appreciation Club is over the Ethereum Network is that its too fast. We’re growing our sum of coins so fast, that to an outside observer you might think we were a hedge fund of some sort at best. But at worst, you might think we were a criminal enterprise. Legitimate enterprises don’t grow at 1% or more daily infinitely, but we do. And if you were not as educated as you are, now, at this point in reading this, when you saw how “rich” we were, you might think someone should try to stop it. We would ask, for your sake, and our own, that you don’t – we don’t need you to do anything, and the world is going to get better from here.
The problem is that if we were a hedge fund, which we aren’t, then we would need to file paperwork to take control of other people’s funds. If these were securities, the acts we were going to commit would be best exemplified in Wolf of Wall Street, but we’re going to do it on a much greater scale with computers. Lucky for us, these coins are not securities, they are less regulated than the gold in World of Warcraft you can buy with your credit card, or the skins in League of Legends. These coins are worth nothing, and everything, at the same time.
But the bigger problem, is that I cannot stop you from sending “money” to my “hedge fund” when/if you sent ether to my wallet address where we are running this experiment. It’s a decentralized system, and its open source, and completely public, if we tried to hide it would only work for so long until an internet detective found it. If someone was to find the address of our computer science appreciation club, we could not stop them from sending coins there. But, since we cannot stop them, we would like them not to waste their time looking – the address is this on the Ethereum Network:
0xCDF449b5c9Bd2A725319163C3E7f2d7222c4d8c9
We have the best legal minds on the planet trying to solve this puzzle with us, and we’ll get the paperwork straight soon – if the Winklevoss Twins don’t think it’s a conflict of interest.
If reading this letter, you find your brain to be so tickled by it - that regardless of the forces that seek to keep us from accumulating enough resources to do this in two years, you wish to believe in it more than those opposing forces, and in doing so stake your opinion about what the future you are going to live will be, I would not ask you to waste a moment of your life looking for us, because we are here to be found. We cannot count our coins as fast as they grow, but our collective efforts will be carved into the eternal stone of the Ethereum network, and I promise we’re going to give back all of these coins to the world, when we’re done fixing a few things.
But there is another problem, and its far worse than making “money” too fast - just as we are going to bet that no one goes to the moon until someone does every year forever just for fun, it is possible to bet on the absence of a war until a war exists because your certainty manifests it into being to spite you. The same market we hope to keep the world at peace, and put their fears to rest from the uncertainty of where we’re going next is also a mechanism to game our system, and bet on a war happening to get rich. But there is a way to stop this – we’re going to accumulate the majority of the REP tokens, and if we have 51% of the circulation, if someone tries to beat us at our own game and bring a war into existence – then we would be able to stop the unstoppable machine from making them rich. We will also have the wallet addresses of the people who needed the insurance policy we are going to unfairly deny, to make them whole, and they would have neighbors with means to support them while we unfucked the pooch. We would have a failsafe to prevent a war from coming to be, because we are so sure there will not be one that it might happen. This, above all else, will back the new currency we are going to issue to the planet. Our new currency will not be backed by gold, or equity, or faith in a flawed system. It we be backed by trust of mankind invested back into itself that we will not go back to a system that will tolerate scarcity, or war, or hunger in exchange for the certainty of the absence of these things. No one will need to ask what is in our vault, or need to audit it, until the day comes where maybe someone will try to beat us at our own game. If that happens – we’re going to need the world to give back the currency we gave it as our collective reward for our cooperation, to free the tool we need to stop violent men from becoming rich men at the cost of a world without poverty, because it will be the immutable collateral backing the currency we are going to give you.
As a disclaimer, Im not somebody who has the background you might think someone should have for this – Im just a hobbit. Im not a hedge fund manager, or a computer science engineer. I raise pigs, and ducks, and geese that need some help, too – because we aren’t eating them enough to keep them existing in our food supply. It is a more fun paradox than this, and I get to solve that one by cooking dinner for some friends, and telling stories when this adventure is over. It feels a little like The Shire there, where I’ve been hiding melting my ego with psychedelics in the sunshine while salting pork, and listening to podcasts from Rogan, Duncan, Bart Chystler, Tom and Krista, some tinfoil hat guys, and seeing how abundant a life can be given only a little bit of hopium and room for creativity, and Im eager to get there and back, again. I very much look forward to seeing what we’re all capable of, when we’re given a chance. But we’re going to have to put a little faith in a system that doesn’t need faith to operate - so that we can fix a different system that has never needed it more. I think we’re going to be able to do that for us all, but I might very well be lying to you, and not know it yet – at least, that’s the plan.
Ironically, salting pork is what brought me to understand what is worth something, and what isn’t. When they used to talk about a “salary” or say that you were “worth your salt” was because all that you needed to live was enough salt to keep your meat from rotting when you cured it into bacon and hams at the end of the season. The salt’s value wasn’t while it was in the bag, it was while it was preserving your food when times were hard and things were scarce. In the modern time, a salary is what gets bigger when a emloyer make his employees poorer. Now, we have made laws to respect each other by race and religion and where who-sticks-what-where, but made it legal and standard to reduce someone’s value to an integer value of currency per moment in time, and the currency is backed by oppression of man-against-man (chicks, too). To increase your integer value per moment in time, that gain must come from another? Are we the only people who think this is inherently disrespectful to your fellow man even if you don’t call him a “fag” to his face like we used to when we were kids and it meant “I love you, man – but Im too afraid of being called gay to say it”.
In the present what is perhaps the most scarce of all, are places where you are free to be an animal at all, let alone places where you are free to be the lion you might be and not know it. We are so caught up in having agreed upon contracts so that we don’t get fucked, that we don’t have trust or honor that is held between lions when the zebra meat is abundant and they eat shoulder to shoulder without worry of each other. We live in a time where there is quite literally more deer on the planet than there has been in some time, and yet we imagine something would keep us as lions from preying on them in the real world. But, to us, as long as you are giving the animals fair chase, there is no time that feeding yourself as the king of the jungle is wrong, if you are hungry. And Im here to tell the people who think they can stop us, that we are giving you fair chase. We will be in every exchange on the planet soon, giving you chances to get on or off this train. And when you buy, it will be from us. When you sell, it will be to us. Your only safe market is the door out of here in ETH/USD and BTC/USD because we will not be selling our coins, only buying more. And every time you do anything other than leave your coins on the table, and take that worthless paper money with you, we will grow that much stronger. If you buy the coins we want, you will give us power in the real world. If you sell them, we will get them cheaper. When your fear or FOMO has sent you zigging… or for that matter zagging, one of my lions will catch you. We are not asking for your support by way of co-operation, we are asking for it by absence of resistance from a better world than this one. If you will not give us your coins, then we ask that you do not trade them. Keep the keys, or burn them and count them as your contribution without us knowing my band of pirates owes you a favor. Our only compromise is to remove them from circulation, as in this decentralized system, that is the only place we cannot reach them. But co-operation will get us there far, far sooner. To quote a most wise computer scientist, “Resistance is futile, you will be assimilated.” We have re-programmed the Kobayashi Maru. My fellowship and I have set out for Mount Doom. And you will be skeptical of us, all the way until you aren’t. And then, I would ask for only your belief – perhaps in no one more then yourselves, that you could be the type of person to rise to a challenge that will face us that we haven’t seen yet. But maybe you can rise to face the challenges that have always been faced, by mother and fathers, and children – spending time together, eating real and wholesome food in good company as often as you can. Those challenges are the simple ones, and we have had the answer for longer than we’ve lost them. You just need to be worth your salt.
If you need someone with a stronger background to support my position, I cant give that to you right now, because Satoshi Nakamoto himself only 8 years of experience. But someone smarter than me said something that sent me down this road while I had smoked enough to dissolve the prison I had made for myself, and it might help you. You can watch it here:
https://www.youtube.com/watch?v=D1R-jKKp3NA
I am the son of this good, good, man - who cannot or will not believe this is possible. https://www.linkedin.com/in/peterhchapman/ I am the grand son, of this grand, old, man https://en.wikipedia.org/wiki/Philip_K._Chapman I am perhaps the longest living descendant of an unbroken chain of criminals and explorers on the planet, and I have some new ground to break to give those great men a complex.
My father is the former CEO of Ray Kurzwiel's largest portfolio holding (who first conceptualized the singularity). He now works a few steps away from Jeff Bezos. And if you do not believe me, dont worry, because he didnt get past the first paragraph of this story before telling my I had left a bread-crumb trail of crime to my door.
But I have melted my ego time and time again under the simmering heat of psychedelics, standing alone in a field with pigs, but also in the company of minds longing to break free when they tune into this podcast. And time and time again when I have nothing of an ego to call my own, I cannot shake the feeling that I am the chance event needed to occur within an economic engine that must break so it can be rebuilt better. Outside of the Duncan Trussel Family Hour, I think the Joe Rogan subreddit might be the largest and most public reserve of belief in things that have no reason to believe in aside from because they might work, and I am one of you.
I have no intention of allowing my father's disbelief to become the first gate keeper I have encountered that can keep me from asking Ray Kurzwiel to try to let us stake the Singularity into existence by betting it cant happen in our life time. I have no intention of letting my father stop me from asking Bezos to let me bet that no one will go to the moon, until someone rises to the occasion to prove him wrong.
I need your help, and this is as far as I've gotten, but I dont know if I can go further alone. I seek fellowship, on this quest, and I have come here to what is potentially the Rivendel of our time - Reddit.
submitted by CompSciAppreciation to Augur [link] [comments]

Robbery gone south Fastest ATM Robbery Caught On CCTV [HD] BITCOIN ROBBERY l King Bach and Melvin Gregg King of Robbery Full Movie - YouTube RDR2 bank robbery gone wrong

But Bitcoin being Bitcoin, the money was lost and gone forever. This instance in mind, you can really see why U.S. senators want to ban the cryptocurrency all together . In early 2011, a Bitcoin Talk forum user with a nickname @allinvain made over 25,000 BTC from mining. This was a period when BTC was at $20 which made his Bitcoins worth around $500,000. Then, on June 13, he woke up to see a huge chunk of his Balance gone. The Bitcoin robbery victim could have around $250 million right now. A Bitcoin mine near Keflavik, part of “the biggest burglary in THE the history of Iceland.” Just after noon, the guard, who had gone back to sleep, awoke to the sound of police officers Binance traced the cryptocurrency theft — more than 7,000 bitcoins at the time of writing — to a single wallet after the hackers stole the contents of the company’s bitcoin hot wallet Since bitcoin was created in a way that makes its supply finite, that means that 14 percent of the currency could be gone for good. Chesnot | Getty Images . Even more alarming: cryptocurrencies

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Robbery gone south

Do you recognize these robbery suspects? They sprayed the clerk with bear spray and broke into a Bitcoin machine. Contact (972) 273-1010 or [email protected] with tips and reference ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. 50+ videos Play all Mix - BITCOIN ROBBERY l King Bach and Melvin Gregg YouTube Superhero Therapy Rudy Mancuso, Lele Pons, Anwar Jibawi & King Bach - Duration: 9:45. Rudy Mancuso 4,333,844 views Will be doing a subscriber livestream tomorrow evening GMT, will put the event up later today, where will be talking about the current state of the market, t... Armed robbery at Smokes Mart store in Las Vegas caught on tape. - Duration: 8:14. ... Just Gone Viral 791,591 views. 10:01. CASH POINT/ATM MACHINE Robberys UK compilation - Duration: 10:19.

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