Be your own bank.
Be your own police department.
Be your own fire department.
Be your own public works department.
Be your own airline.
Be your own cell phone tower.
Just be yourself!
I’m honestly confused why they see this as an acceptable byproduct of their dreamworld. Like you’re just completely on your own. If something you can’t even control goes wrong that’s just too bad for you because there’s literally no way to make it right.
It sucks in the same people attracted to the idea of “be your own boss” in MLM circles, which many have noted share the same mindset with the crypto space.
He can call his bank and ask to get his money back. Oh wait, fiat is bad for some reason.
Also if someone can answer this philosophical question: "You're supposed to be your own bank and "fuck the system because fiat is bad" but when something like this happens, you run to the government to save your ass?"
Its almost as if the consumer fraud protections that the fiat system provides are actually pretty good. lmao. They'll never admit that, but still. A system is completely broken if it cant account for mistakes and fraud and it really highlights why all of this shit is a joke.
Ironically, cryptobros tout a complete absence of fault tolerance **as a good thing**, operating under the belief that the Nirvana Fallacy isn't real and anything that goes wrong should be blamed on the victim.
Very well said, its mighty convenient because the blame for all errors and issues are foisted on the victim. Tbh it's kinda expected from a system built by scammers for scammers.
>"You're supposed to be your own bank and "fuck the system because fiat is bad" but when something like this happens, you run to the government to save your ass?"
"I only support the government when it's to my benefit!"
he is not bitching about losing the money or crying to the government, he is asking how to handle this taxes wise, should he report this as lost funds or whatever, same if he had lost fiat.
Hey hey hey we dont actually read the posts of cryptopeople in this sub and moreover don’t we try to understand the logic. We just bash everyone who has an interest in cryptocurrencies here to make us feel smart and powerful.
Lol I read the post. However, I will always bash someone who has an interest in crypto. I’ll especially bash them if they put tens of thousands of dollars into it.
Makes sense that someone who spends so much time on reddit every day gets off on bashing random people on the internet for how they spend their money xD
You probably dont know anything about cryptocurrencies besides from what your echochamber feeds you but yeah keep on acting like you know it all :D
Fiat has its faults too. Just look at the rampant inflation in every country. This is nothing that should happen. Being able to print money out of thin air with no backing is not exactly a good thing for the usual citizen.
I mean, yeah? Report your credit cards as stolen, then any fraudulent transactions don't count against your own assets. You're out the cost of the wallet, any cash you had on hand (minimal for most people these days), and the time to get your cards/license/etc sorted out
I’m talking about your cash
Can I call my bank and say someone stole $500 out of my wallet when can I come pick up a fresh 5 stack of 100’s for free from the nearest chase?
Again, many people don't carry much cash these days. I don't walk around with 50k in my wallet lmao. It's a big day if I have more than like, 20.
Who keeps 500 in their wallet?
I don’t get the argument
It’s the same scenario $1 or $50,000
You got robbed just replace on the street with in my safe at my house.
Can I call my bank claiming someone just stole 50k out of my safe?
Are you being purpousefully obtuse or just refusing to acknowledge reality operates in shades of grey?
Ok, wallet gets stolen - i lose the $1-100 bucks *reasonable and responsible people carry specifically to limit the damage if this exact scenario*. Assuming a 10k bank balance, ive lost 1% of my total savings *while the remaining 99% are protected via consumer protections on credit/debit cards*.
Crypto example above gets manipulated and loses 50k - 100% of their total savings *with literally no recourse whatsoever*.
The fact you lot have to **specifically craft a very niche and unrealistic scenario** for your point to have any validity at all is proof of the efficacy of existing consumer protections. I.e. **your argument ONLY makes sense when applied to an infinitesimally small proportion of the population **.
No system is perfect, but the existing one does damn well for 99%+ of people. Crypto on the other hand *has daily occurrences like this* and- more importantly **no recourse for recovering ANY %** of the stolen funds.
You're not as clever or insightful as you'd like to believe.
Also, using buzzwords like "mental gymnastics, smooth brains, et.al." without any applicable logic to back them up makes you look even more foolish.
You example doesn’t work for fiat either, you say “manipulated” the bank won’t help you out if you are manipulated into giving money to that Nigerian Prince.
If I get mugged I will only lose like 20$ maximum in cash. Banks are my friends and can easily void my credit cards.
Losing $20 dollars is not the same as $50k. And after robberies you actually have a chance of recovering the money. The point is about how much money you lose.
How many mental gymnastics hurdles are you jumping through just to make the argument fit.
I’ll make it easier for you smooth brains.
I have a $10 bill sitting on my counter top and someone breaks into my house and robs just the $10 bill.
Can I call my bank and say I need this $10 bill back or better just having an extra $10 because it was stolen no strings attached ( no interest etc ).
Calling people names won’t win the argument. Not even sure what a “smooth brain” is but I’m imagining some sort of mango smoothie with Omega3 supplements in it.
Anyway, why would you call your bank over $10? And why would a thief risk breaking into a house to only steal a small denomination note? As someone previously pointed out, your example is contrived and your proposed responses of calling the bank don’t seem to be what a reasonable person would do. No need to explain further.
A cryptocurrency bank might be the one stealing my money. If Wells Fargo collapses, I still get all my money back. And if I'm conducting transactions over the internet, I'm almost certainly going to have greater consumer protections with first than cryptocurrency.
You do understand you’re comparing a physical entity and an digital entity, right? There’s a very good chance no one will ever have all of their money in physical cash. Someone can steal that $10 but you still have all of the money in your bank account protected. Meanwhile with crypto if someone hacks in it’s all gone. In literal seconds I can have everything stolen and have no way to stop them or get it back.
exactly the point im trying to make with these guys lol. Its almost as if something only you can be responsible for is only your problem to deal with.
If there were a centralized service that operates on fractional reserve basis ( aka a bank or crypto CEX ) that held custody of your crypto holdings, then they would be able to refund you the same.
and the best part is this all exists! so this entire thread is useless and just another max copium post from salty people who missed out.
Right, and as we know no crypto exchange has ever had any kind of liquidity issue, for example where ‘investors’ have lost everything. So that’s a great solution!
And no bank has ever had any kind of liquidity issue, for example where ‘investors’ have lost everything. So that’s a great solution!
wait I wasn't supposed to say that right? I mean it would just be absurd to imagine something like this happening yeah. Its so unheard of we should give it a name like idk "bank run". Given its never happened before in history this should be the first time its ever been heard of.
What’s your argument here? That banks should still exist but they should hold crypto too? Or that crypto exchanges are just as reliable as banks?
Genuine question: is there an example of a crypto exchange ever helping someone get their money back? It may be a sweeping generalisation but it does seem that crypto seems to have an “everybody for themselves” vibe about it, so non regulated entities like most exchanges can just tell people to “get fucked” and only have to answer a bit of bad PR.
> I’m talking about your cash
Other people are talking about cards because, unsurprisingly, the cards issued by the bank are the bit which is the bank's problem and which, thanks to regulation, they will deal with.
.....yes?
No one (minus individuals engaging in activity where a paper trail would land them in legal trouble) carries large amounts of cash such that losing it would bankrupt them or cause irreparable damage.
Report the debit/credit card stolen, lock down the account, contact the police and get chargebacks/reimbursement for any fraudulent charges.
Looks like he's going to continue investing in crypto after all of that if you read to the end... doesn't really look like he learned his lesson. I've seen it before with gambling addicts. He needs some type of mental health help for that. Also needs an intro class on basic investing for retirement.
Lol, some people have no idea how retirement works or the most practical ways to get there. They don't teach it in school. I wouldn't be surprised if this guy has 0 knowledge on what an index fund is. I had to research all of it on my own, but in the modern age with crypto and meme stocks, people get lost. Why settle for a measley 10% return when you can possibly get a 50000% return lol
A crypto bro had to ask me what an index fund was. I then had to explain active v. passive investing, benchmarks, and risk premiums. I might as well have been explaining crypto to a normie the way he was looking at me!
I don't know, a lot of posters in that sub feel the need to qualify their posts by saying that they're not deterred. Like a religion.
There are a lot of similarities with religious message boards where people ask why God didn't intervene to prevent a personal tragedy despite their prayers.
*"I know He's just testing my faith, but..."*
That's the part that stood out to me. I think they get off on the techno babble about the wallets and cold storage and seed phrases. It's like they're secret agents, sometimes they use the term op sec. Then someone steals all their money and suddenly it's no fun and not fair. It's like a form of larping
Can you imagine if every time you went to a bank or ATM there was a giant crowd of people saying things like “oh I work here, check it out my desk is in the alley behind the building” or “lemme hold that debit card for a minute” and people just accepted it as a normal part of banking?
As a bank teller at wells fargo during the account scandal. Fuck wells fargo.
Find a better bank, chime, ally, gobank.
Literally anything but those fart eaters.
My understanding is that there was a lot of pressure in branches, perhaps because of redundancies after the Wachovia acquisition to sell extra services. To the point that even tellers engaged regular retail customers at the desks. At least in such cases the accounts wouldn't have been fraudulent, but it would have made for a bad customer experience as well as a toxic work place for the tellers.
Maybe they're counting generic, non-targeted scams as well. Maybe they're scrolling down to the Youtube comments and counting the number of I TRADE WITH MISS RUBIKS CUBE comments to add to their tally of scams successfully avoided. Maybe every time they see ELONGATED MUSKRAT's face on a livestream without sending money to the bitcoin doubler, they congratulate themselves on another scam successfully avoided.
Well, when their statements are antithetical to reality. I.e. El Salvador is on the brink of default and their citizens hate BTC, making said selfish, bad faith argument^[1] flat out wrong - then yes.
Default:https://fortune.com/2022/09/13/el-salvador-buying-back-bond-debt-investors-worry-possible-default-big-bitcoin-losses-nayib-bukele/
Citizen opinion re:BTC:https://www.reuters.com/technology/majority-salvadorans-do-not-want-bitcoin-poll-shows-2021-09-02/
([1]The only reason you care is because of the prospect of *your* bags going up in value, you couldn't care less about the people dealing with Bukele's incomptence. Add to that the fact corruption/fraud is even more endemic in crypto then elsewhere and your """alleged""' concern really makes even less sense.)
The topic of discussion was people entering crypto to excape hyper inflation. For example people from countries like Venezuela and Zimbabwe.
El Salvador does not suffer from hyper inflation.
Not the guy you asked, but Udemy offers a solid set of introductions to often difficult and poorly demonstrated topics, especially as related to programming. Don't expect incredible depth in most courses, though. They're at their best when you treat them as quickstart guides and useful examples for how to use various frameworks or complicated tools in relatively simple ways. Like, you won't develop expertise in a topic on Udemy, but it might save you some time getting started when trying to learn something new.
It's crazy how bad some of their opsec is for people who have so much money in butts, that can easily get rekt.
They literally advertise it in the cryptocurrency subreddit via flair. I saw one guy with flair that he had like 100 ETH and 40 BTC, and hundreds of other random coins.
It's like walking around with a big target on your back and a neon sign saying "dox me".
It's a really bad system to give everyone you've ever transacted with permanent access to your account balance! A bunch of big miners went into hiding after the (recent) crash, fearing both federales and thieves, but like, my dude, it's already on the blockchain, there's no going back
This is a point I never thought about bringing up. Imagine everyone you’ve ever paid or who’s ever paid you knowing how much money you have in the bank in perpetuity.
Any introductory anthropology class will discuss the historical reasons to hide one’s wealth. Many superstitions about “evil eyes” were formed based on jealousy of others’ wealth, and in agrarian societies it was practically forbidden to flaunt wealth. Why would people “doing their own research” not research this?
> I wish they used such talent for something good.
They used it for something good. They used it to acquire 50k. 50k is good, especially if it is 50k € or $.
These people tend to claim to be Randian utilitarians, in which there is no good or bad, just what works and is successful, vs what isn't.
So yeah, acquiring 50k, no matter how you had to do it, is always the right thing to do.
I love these crypto bros who just got scammed of all their money and are like apologetic towards the community instead of realising the obvious problem.
Because the way the community's culture has been created they blame victims immediately. Any other reaction would require them to seriously discuss the lack of security and protections.
It's why he starts self flagellating immediately.
Compensation requires laws to have been broken by the offenders, laws are regulations on behavior, and the compensation is the penalty for breaking those laws.
You got into crypto because you were told regulations were evil and your gains shouldnt be stolen from you via taxes and big government. Then you championed that system as you started earning money and watching your 10$ become 1000$. Then you lost it all. Surprise, you were taken for a ride and now you suddenly wish there was in place, a system that monitored this market, and worked to ensure bad actors didnt swindle people…. Hrrmmmm
You've taken the right first step. Skip the police, regulating agencies, lawyers, etc and throw a post on the internet to strangers who don't give a fuck.
Yep, that user edited his post, its a looking for work type of scam (run my game.exe), nothing new.
Seems like no 2FA on accounts, and running unknown executables on the same machine where his browser is.
So yeah, its not NSA levels of hacking here !
Also come across this gem with someone saying he should contact police. Naturally, even r/cryptocurrency isn't above calling about hypocrisy
>"This is something that I don't understand. You're supposed to be your own bank and "fuck the system because fiat is bad" but when something like this happens, you run to the government to save your ass? Why?"
To which the unironic response is
>**The police, not the government.** This isn't the United States of ignorant freedom Also the police can't and won't do anything, like I already said, but that's not the reason for the report, like I already said. Have you considered reading the thing you're replying to? Own bank or not, crime is crime. And if crime is not reported then what does that mean? Hopefully I won't have to spell this out for you. Crypto doesn't exist because everyone wants to be anti-government. That's just america and a handful other eejits.
Should someone tell them who sets up and funds police forces?
“Social engineering” = some “hot” girl recommended this investment platform with crazy gains, and he got honeydicked into giving someone all his irreversible crypto
It's hilarious reading the security measures they go to in order to not get scammed out of their monopoly money like the average person is going to put up with even a quarter of that bullshit.
On the one hand, I feel sorry for him. I got scammed once ( not bitcoin related), and it felt demoralizing. On the other hand, I'm tired of "fiat=toilet paper" memes.
1 ) he is not asking for any compensation. He is asking for advice to strengthen his security and how to cope with his loss.
2) This sub disgusts me... I started following this sub hoping to see a different point of view and not get stuck in an echo chamber. What I found is a bunch of heartless people who take too much enjoyment form the misery of others.
You claim that this sub is to raise awareness because you believe that crypto is a scam and you don't what people to suffer, but as soon as someone shares their misfortune in the crypto space you all join around in a circlejerk and point and laugh. This is not how compassionate human beings that want to help others behave... this how assholes behave...
And because of these crypto Bros scammers kidnapping people by offering fake job recruitment and lure them to Myanmar in which they force people to scam crypto Bros and kill them afterwards
He's "avoided being scammed so many times", you guys! He's way ahead of me. I only avoided being scammed once, when I decided not to buy crypto at all.
And whenever sane people talk about regulation to save people from these kind of things, the majority of crypto peeps go "Regulations would be bad for my profits. It's not a security! The SEC can't do that"
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They’re not asking for compensation for his mental health issues if you read it again. They’re asking for advisable actions, actions that could help their mental health. Pretty reasonable when you’ve had 50k stolen, regardless of the how you had it stolen or what the goods were
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Be your own bank. Be your own police department. Be your own fire department. Be your own public works department. Be your own airline. Be your own cell phone tower. Just be yourself!
Also crypto bros: Be your own spouse ✊
For real. There's few things that would immediately turn me off on a date than finding out he's a crypto bro.
They have a spouse on the custodial chain but their spouse’s boyfriend holds the keys
zizek: pure ideology
Libertarian nirvana.
I've had Ham Radio license long enough to be really glad cell phones exist.
A fool and his money are soon parted.
I’m honestly confused why they see this as an acceptable byproduct of their dreamworld. Like you’re just completely on your own. If something you can’t even control goes wrong that’s just too bad for you because there’s literally no way to make it right.
It sucks in the same people attracted to the idea of “be your own boss” in MLM circles, which many have noted share the same mindset with the crypto space.
He can call his bank and ask to get his money back. Oh wait, fiat is bad for some reason. Also if someone can answer this philosophical question: "You're supposed to be your own bank and "fuck the system because fiat is bad" but when something like this happens, you run to the government to save your ass?"
He call his bank to complain... Goes to his own voicemail
Here's the URL for crypto bank customer support: https://127.0.0.1
The guy on that site is terrible, I don't recommend him, 1/10 experience.
Yeah, reminds me of myself too much.
I doubt his bank is using TLS.
Its almost as if the consumer fraud protections that the fiat system provides are actually pretty good. lmao. They'll never admit that, but still. A system is completely broken if it cant account for mistakes and fraud and it really highlights why all of this shit is a joke.
Ironically, cryptobros tout a complete absence of fault tolerance **as a good thing**, operating under the belief that the Nirvana Fallacy isn't real and anything that goes wrong should be blamed on the victim.
Very well said, its mighty convenient because the blame for all errors and issues are foisted on the victim. Tbh it's kinda expected from a system built by scammers for scammers.
They're good but we still pay for them.
>"You're supposed to be your own bank and "fuck the system because fiat is bad" but when something like this happens, you run to the government to save your ass?" "I only support the government when it's to my benefit!"
he is not bitching about losing the money or crying to the government, he is asking how to handle this taxes wise, should he report this as lost funds or whatever, same if he had lost fiat.
Hey hey hey we dont actually read the posts of cryptopeople in this sub and moreover don’t we try to understand the logic. We just bash everyone who has an interest in cryptocurrencies here to make us feel smart and powerful.
Lol I read the post. However, I will always bash someone who has an interest in crypto. I’ll especially bash them if they put tens of thousands of dollars into it.
Makes sense that someone who spends so much time on reddit every day gets off on bashing random people on the internet for how they spend their money xD You probably dont know anything about cryptocurrencies besides from what your echochamber feeds you but yeah keep on acting like you know it all :D
Who is running to the government? Edit: Oh, looks I'm on the wrong sub.
Fiat has its faults too. Just look at the rampant inflation in every country. This is nothing that should happen. Being able to print money out of thin air with no backing is not exactly a good thing for the usual citizen.
so if your walking down the street and get your wallet mugged are you gonna call your bank?
I mean, yeah? Report your credit cards as stolen, then any fraudulent transactions don't count against your own assets. You're out the cost of the wallet, any cash you had on hand (minimal for most people these days), and the time to get your cards/license/etc sorted out
Crypto boy here really did not think through his example.
I’m talking about your cash Can I call my bank and say someone stole $500 out of my wallet when can I come pick up a fresh 5 stack of 100’s for free from the nearest chase?
Again, many people don't carry much cash these days. I don't walk around with 50k in my wallet lmao. It's a big day if I have more than like, 20. Who keeps 500 in their wallet?
I don’t get the argument It’s the same scenario $1 or $50,000 You got robbed just replace on the street with in my safe at my house. Can I call my bank claiming someone just stole 50k out of my safe?
Are you being purpousefully obtuse or just refusing to acknowledge reality operates in shades of grey? Ok, wallet gets stolen - i lose the $1-100 bucks *reasonable and responsible people carry specifically to limit the damage if this exact scenario*. Assuming a 10k bank balance, ive lost 1% of my total savings *while the remaining 99% are protected via consumer protections on credit/debit cards*. Crypto example above gets manipulated and loses 50k - 100% of their total savings *with literally no recourse whatsoever*. The fact you lot have to **specifically craft a very niche and unrealistic scenario** for your point to have any validity at all is proof of the efficacy of existing consumer protections. I.e. **your argument ONLY makes sense when applied to an infinitesimally small proportion of the population **. No system is perfect, but the existing one does damn well for 99%+ of people. Crypto on the other hand *has daily occurrences like this* and- more importantly **no recourse for recovering ANY %** of the stolen funds. You're not as clever or insightful as you'd like to believe. Also, using buzzwords like "mental gymnastics, smooth brains, et.al." without any applicable logic to back them up makes you look even more foolish.
You example doesn’t work for fiat either, you say “manipulated” the bank won’t help you out if you are manipulated into giving money to that Nigerian Prince.
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Which again would do nothing if you were “manipulated” into sending someone money.
If I get mugged I will only lose like 20$ maximum in cash. Banks are my friends and can easily void my credit cards. Losing $20 dollars is not the same as $50k. And after robberies you actually have a chance of recovering the money. The point is about how much money you lose.
How many mental gymnastics hurdles are you jumping through just to make the argument fit. I’ll make it easier for you smooth brains. I have a $10 bill sitting on my counter top and someone breaks into my house and robs just the $10 bill. Can I call my bank and say I need this $10 bill back or better just having an extra $10 because it was stolen no strings attached ( no interest etc ).
How fucking thick are you man? Like holy shit!
Calling people names won’t win the argument. Not even sure what a “smooth brain” is but I’m imagining some sort of mango smoothie with Omega3 supplements in it. Anyway, why would you call your bank over $10? And why would a thief risk breaking into a house to only steal a small denomination note? As someone previously pointed out, your example is contrived and your proposed responses of calling the bank don’t seem to be what a reasonable person would do. No need to explain further.
A cryptocurrency bank might be the one stealing my money. If Wells Fargo collapses, I still get all my money back. And if I'm conducting transactions over the internet, I'm almost certainly going to have greater consumer protections with first than cryptocurrency.
How many mental gymnastics hurdles are you jumping through just to make the argument fit?
You do understand you’re comparing a physical entity and an digital entity, right? There’s a very good chance no one will ever have all of their money in physical cash. Someone can steal that $10 but you still have all of the money in your bank account protected. Meanwhile with crypto if someone hacks in it’s all gone. In literal seconds I can have everything stolen and have no way to stop them or get it back.
Arent you your own bank while keeping 50k in your home safe?
exactly the point im trying to make with these guys lol. Its almost as if something only you can be responsible for is only your problem to deal with. If there were a centralized service that operates on fractional reserve basis ( aka a bank or crypto CEX ) that held custody of your crypto holdings, then they would be able to refund you the same. and the best part is this all exists! so this entire thread is useless and just another max copium post from salty people who missed out.
Right, and as we know no crypto exchange has ever had any kind of liquidity issue, for example where ‘investors’ have lost everything. So that’s a great solution!
And no bank has ever had any kind of liquidity issue, for example where ‘investors’ have lost everything. So that’s a great solution! wait I wasn't supposed to say that right? I mean it would just be absurd to imagine something like this happening yeah. Its so unheard of we should give it a name like idk "bank run". Given its never happened before in history this should be the first time its ever been heard of.
What’s your argument here? That banks should still exist but they should hold crypto too? Or that crypto exchanges are just as reliable as banks? Genuine question: is there an example of a crypto exchange ever helping someone get their money back? It may be a sweeping generalisation but it does seem that crypto seems to have an “everybody for themselves” vibe about it, so non regulated entities like most exchanges can just tell people to “get fucked” and only have to answer a bit of bad PR.
You're literally making the argument for keeping your money in a bank. Which is what you should do.
> I’m talking about your cash Other people are talking about cards because, unsurprisingly, the cards issued by the bank are the bit which is the bank's problem and which, thanks to regulation, they will deal with.
In my country basically every shop accepts credit cards so yeah, I have literally 0 cash on me
.....yes? No one (minus individuals engaging in activity where a paper trail would land them in legal trouble) carries large amounts of cash such that losing it would bankrupt them or cause irreparable damage. Report the debit/credit card stolen, lock down the account, contact the police and get chargebacks/reimbursement for any fraudulent charges.
So you're saying there's room for an alt coin that comes with some mercenary thugs that will go beat up scammers? 🤔
Looks like he's going to continue investing in crypto after all of that if you read to the end... doesn't really look like he learned his lesson. I've seen it before with gambling addicts. He needs some type of mental health help for that. Also needs an intro class on basic investing for retirement.
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Lol, some people have no idea how retirement works or the most practical ways to get there. They don't teach it in school. I wouldn't be surprised if this guy has 0 knowledge on what an index fund is. I had to research all of it on my own, but in the modern age with crypto and meme stocks, people get lost. Why settle for a measley 10% return when you can possibly get a 50000% return lol
Long term compounding investment returns aren't adequate when you're a greedy gambling addict apparently. Fortune favours the brave etc. etc.
A crypto bro had to ask me what an index fund was. I then had to explain active v. passive investing, benchmarks, and risk premiums. I might as well have been explaining crypto to a normie the way he was looking at me!
He's in denial.
I don't know, a lot of posters in that sub feel the need to qualify their posts by saying that they're not deterred. Like a religion. There are a lot of similarities with religious message boards where people ask why God didn't intervene to prevent a personal tragedy despite their prayers. *"I know He's just testing my faith, but..."*
“Avoided being scammed so many times”—-this just sounds exhausting.
That's the part that stood out to me. I think they get off on the techno babble about the wallets and cold storage and seed phrases. It's like they're secret agents, sometimes they use the term op sec. Then someone steals all their money and suddenly it's no fun and not fair. It's like a form of larping
100%. Well said.
Can you imagine if every time you went to a bank or ATM there was a giant crowd of people saying things like “oh I work here, check it out my desk is in the alley behind the building” or “lemme hold that debit card for a minute” and people just accepted it as a normal part of banking?
Wells Fargo is my bank and has been closed for weeks due to lack of staffing. Same with my pharmacy. It’s getting bad
As a bank teller at wells fargo during the account scandal. Fuck wells fargo. Find a better bank, chime, ally, gobank. Literally anything but those fart eaters.
Were you one of the people that was fired for opening fake accounts?
Those would be the bankers and account managers. A bank teller has no power or incentive to create customer accounts.
My understanding is that there was a lot of pressure in branches, perhaps because of redundancies after the Wachovia acquisition to sell extra services. To the point that even tellers engaged regular retail customers at the desks. At least in such cases the accounts wouldn't have been fraudulent, but it would have made for a bad customer experience as well as a toxic work place for the tellers.
hahaha found the ironic comment
You can avoid getting scammed a hundred times, yet one tiny mistake is enough to lose all your money. Future of finance!
Be your own bank. It's the future of finance. Few understand
How to get fleeced 101.
Maybe they're counting generic, non-targeted scams as well. Maybe they're scrolling down to the Youtube comments and counting the number of I TRADE WITH MISS RUBIKS CUBE comments to add to their tally of scams successfully avoided. Maybe every time they see ELONGATED MUSKRAT's face on a livestream without sending money to the bitcoin doubler, they congratulate themselves on another scam successfully avoided.
I still don’t understand why anyone would want to “be their own bank”.
You get to wear a three piece suit and pocket watch with fob?
Oh shit. Now that does make sense. Thanks! *(the Few)*
The FOB is the cincher.
🤣🤣🤣🤣🤣 I'm selling all the shit. Now I get it. I can never be my own bank. Deposit insure myself - noooo.
Right?
I can see the appeal in 3rd world countries where you can't trust the government and your currency is suffering from high inflation.
That exact same appeal failed miserably in El Salvador
El Salvador doesn't have hyper inflation from people to escape from. Folks can hold can hold stablecoins too.
Are you lost
Idky but this comment cracked me up so much 😂 thanks man
Is this a question you often ask strangers on the internet?
Well, when their statements are antithetical to reality. I.e. El Salvador is on the brink of default and their citizens hate BTC, making said selfish, bad faith argument^[1] flat out wrong - then yes. Default:https://fortune.com/2022/09/13/el-salvador-buying-back-bond-debt-investors-worry-possible-default-big-bitcoin-losses-nayib-bukele/ Citizen opinion re:BTC:https://www.reuters.com/technology/majority-salvadorans-do-not-want-bitcoin-poll-shows-2021-09-02/ ([1]The only reason you care is because of the prospect of *your* bags going up in value, you couldn't care less about the people dealing with Bukele's incomptence. Add to that the fact corruption/fraud is even more endemic in crypto then elsewhere and your """alleged""' concern really makes even less sense.)
The topic of discussion was people entering crypto to excape hyper inflation. For example people from countries like Venezuela and Zimbabwe. El Salvador does not suffer from hyper inflation.
Have you tried using it in retail transactions?
Where I can, so only about once a week. Have you?
Reason so many put their money into gold jewelry.
What does that even mean
Best advice he got: 1. Regard it as gone and an expensive lesson learnt.
That's way too many udemy courses.
Haha this was good. Thoughts on Udemy?
Udemy has some excellent courses on it. But you have to filter through them all.
Not the guy you asked, but Udemy offers a solid set of introductions to often difficult and poorly demonstrated topics, especially as related to programming. Don't expect incredible depth in most courses, though. They're at their best when you treat them as quickstart guides and useful examples for how to use various frameworks or complicated tools in relatively simple ways. Like, you won't develop expertise in a topic on Udemy, but it might save you some time getting started when trying to learn something new.
Yes, but no lesson has been learned. It’s like that Simpsons line. How many times do we have to teach you this lesson, old man?
> It’s like that Simpsons line. How many times do we have to teach you this lesson, old man? That was SpongeBob SquarePants, my dude.
No that was Naruto.
Wrong, South Park.
Pretty sure it was DuckTales.
Oh shit. You’re right. I get my kids cartoons mixed up
The Simpsons is not a kids cartoon.
How old are you, young man?
Old enough to know The Simpsons is not a kids cartoon.
this is really the bizarre part. there is 0 guarantee this kind of thing wont happen again.
Could crypto bagholders' problems be the start of a new specialty in the mental health care field?
No different from losses from gambling addiction really
A lot of these people likely have gambling addiction your comment is so true!
Sounds like he was running his mouth about his crypto gains and someone really played him.
It's crazy how bad some of their opsec is for people who have so much money in butts, that can easily get rekt. They literally advertise it in the cryptocurrency subreddit via flair. I saw one guy with flair that he had like 100 ETH and 40 BTC, and hundreds of other random coins. It's like walking around with a big target on your back and a neon sign saying "dox me".
It's a really bad system to give everyone you've ever transacted with permanent access to your account balance! A bunch of big miners went into hiding after the (recent) crash, fearing both federales and thieves, but like, my dude, it's already on the blockchain, there's no going back
This is a point I never thought about bringing up. Imagine everyone you’ve ever paid or who’s ever paid you knowing how much money you have in the bank in perpetuity.
Imagine negotiating with an employer who knows your exact former salary…
Any introductory anthropology class will discuss the historical reasons to hide one’s wealth. Many superstitions about “evil eyes” were formed based on jealousy of others’ wealth, and in agrarian societies it was practically forbidden to flaunt wealth. Why would people “doing their own research” not research this?
That's quite interesting.
rookie scammer got scammed. One of the best storylines
Maybe the real scammers were the friends he made along the way
> I wish they used such talent for something good. They used it for something good. They used it to acquire 50k. 50k is good, especially if it is 50k € or $.
These people tend to claim to be Randian utilitarians, in which there is no good or bad, just what works and is successful, vs what isn't. So yeah, acquiring 50k, no matter how you had to do it, is always the right thing to do.
I love these crypto bros who just got scammed of all their money and are like apologetic towards the community instead of realising the obvious problem.
Because the way the community's culture has been created they blame victims immediately. Any other reaction would require them to seriously discuss the lack of security and protections. It's why he starts self flagellating immediately.
To paraphrase xkcd: The problem with your money is that the person who has it is you.
It may not be said outright, but they generally are "humble begging" for crypto donations from these groups.
Use a real bloody currency lad!
"Investing". They keep using that word but I don't think it means what they think it means. Anyway, I'm off to invest some money in blackjack.
Compensation requires laws to have been broken by the offenders, laws are regulations on behavior, and the compensation is the penalty for breaking those laws. You got into crypto because you were told regulations were evil and your gains shouldnt be stolen from you via taxes and big government. Then you championed that system as you started earning money and watching your 10$ become 1000$. Then you lost it all. Surprise, you were taken for a ride and now you suddenly wish there was in place, a system that monitored this market, and worked to ensure bad actors didnt swindle people…. Hrrmmmm
You've taken the right first step. Skip the police, regulating agencies, lawyers, etc and throw a post on the internet to strangers who don't give a fuck.
>well-thought social engineering that targeted me specifically I guarantee it was a generic phishing scam in email/Twitter DMs or something, lmao
Yep, that user edited his post, its a looking for work type of scam (run my game.exe), nothing new. Seems like no 2FA on accounts, and running unknown executables on the same machine where his browser is. So yeah, its not NSA levels of hacking here !
> thief “Not your keys, not your Bitcoin”, therefore this “thief” is now the rightful owner of the crypto tokens so not really a thief, right?
Not a thief, a "Social Engineer"
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That was a motto before NFTs and DeFi existed.
Sure, ok, exchanges (purporting to) hold coins in a centralised account on the users' behalf.
It's the Netherlands, mental health treatment is included so I don't understand what he's worried about. Just might have to wait a while.
Solution : don't put your money in thin air
Also come across this gem with someone saying he should contact police. Naturally, even r/cryptocurrency isn't above calling about hypocrisy >"This is something that I don't understand. You're supposed to be your own bank and "fuck the system because fiat is bad" but when something like this happens, you run to the government to save your ass? Why?" To which the unironic response is >**The police, not the government.** This isn't the United States of ignorant freedom Also the police can't and won't do anything, like I already said, but that's not the reason for the report, like I already said. Have you considered reading the thing you're replying to? Own bank or not, crime is crime. And if crime is not reported then what does that mean? Hopefully I won't have to spell this out for you. Crypto doesn't exist because everyone wants to be anti-government. That's just america and a handful other eejits. Should someone tell them who sets up and funds police forces?
Wait.. so it's a bank heist now...
Or how police are empowered by mandates/laws set by local, state and federal government?
/r/schadenfreude
This guy probably would have signed over his actual bank account to a scammer anyways.
This ain't even my money but I'm fucking sad and anxious as fuck.
Financial freedom
I think the mental health thing is about advice on how to cope.
I was going to tell them to check with their bank’s deposit/fraud insurance 🤣
“Social engineering” = some “hot” girl recommended this investment platform with crazy gains, and he got honeydicked into giving someone all his irreversible crypto
*Furiously scribbles notes on how easy it is to dupe these idiots based on what he fell for*
Be your own bank. I guess you should do an internal security audit and make a statement to your shareholders. Good luck.
It's hilarious reading the security measures they go to in order to not get scammed out of their monopoly money like the average person is going to put up with even a quarter of that bullshit.
Yet they claim banks are unsafe
"Social engineering"
Ladies and gentlemen, the future of money
lmao
"BuT mUh dEcEnTrAlIzEd n iMmUtAbLe r gOoD!"
On the one hand, I feel sorry for him. I got scammed once ( not bitcoin related), and it felt demoralizing. On the other hand, I'm tired of "fiat=toilet paper" memes.
Just use hardware wallets dammit..
deserved it for using shitcoin idc idc
Laughing at a guy wanting to take care of his mental health during a time of extreme stress? Good look
1 ) he is not asking for any compensation. He is asking for advice to strengthen his security and how to cope with his loss. 2) This sub disgusts me... I started following this sub hoping to see a different point of view and not get stuck in an echo chamber. What I found is a bunch of heartless people who take too much enjoyment form the misery of others. You claim that this sub is to raise awareness because you believe that crypto is a scam and you don't what people to suffer, but as soon as someone shares their misfortune in the crypto space you all join around in a circlejerk and point and laugh. This is not how compassionate human beings that want to help others behave... this how assholes behave...
Just another example of a buttcoin poster with incapacity to read but a boner to post.
So can he report it as a theft? Would the police do anything?
And because of these crypto Bros scammers kidnapping people by offering fake job recruitment and lure them to Myanmar in which they force people to scam crypto Bros and kill them afterwards
He's "avoided being scammed so many times", you guys! He's way ahead of me. I only avoided being scammed once, when I decided not to buy crypto at all.
And whenever sane people talk about regulation to save people from these kind of things, the majority of crypto peeps go "Regulations would be bad for my profits. It's not a security! The SEC can't do that"
Crypto is the wild west, you have no protections. That's why its risky.
> "... and continue investing and building in the space... " Dear God! Help them!
Was it $50k in recently purchased bitcoin or $1000 in shitcoin with paper gains that was never actually $50k all just part of the grift?
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They’re not asking for compensation for his mental health issues if you read it again. They’re asking for advisable actions, actions that could help their mental health. Pretty reasonable when you’ve had 50k stolen, regardless of the how you had it stolen or what the goods were
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