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Thread: Is Bitcoin an imploding ponzi??...

  1. #176
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    Re: Is Bitcoin an imploding ponzi??...

    Ermahgerd, it's more ridiculous than I imagined.

    Quote Originally Posted by Shivdeep Dhaliwal
    Tesla will give users about 30 minutes to make a payment in Bitcoin from placing the order, a representative of the electric vehicle maker for the Northeast region said

    As per the automaker's terms, it is the responsibility of the customer to input the alphanumeric code provided to make the payment accurately in the recipient field

    The terms also contain a section on underpayments and overpayments ad make it clear that if "you transmit more than the Bitcoin Price, you will not be entitled to reimbursement of the excess amount."

    Adding to the uncertainty of buying a vehicle in BTC from Tesla are the tax implications. The apex cryptocurrency is taxed as property instead of like currency.

    Why Buying A Tesla With Bitcoin Isn't Really A Good Idea — For Now
    Quote Originally Posted by JP Koning
    Unfortunately, the way that Tesla has specified this long-term relationship privileges people who pay with fiat over those who pay with bitcoin. To see why, look at the last page of Tesla’s three-page “Bitcoin Payment Terms & Conditions” below.

    In short, if your $50,000 Tesla is a dud and your state’s lemon law entitles you to a refund or buyback, Tesla says it will pay you back in one of two ways. It will return the exact amount of bitcoins from the time of purchase. Or it will pay back the $50,000 in U.S. dollars. It reserves the right to choose which, bitcoin or dollars.

    And that’s the danger. If the price of bitcoin has plunged by 50%, there’s a good chance Tesla will refund your lemon with $25,000 worth of bitcoins, not a $50,000 check. Congrats, you’re $25,000 poorer.

    Buy a Tesla with regular U.S. dollars and you’re guaranteed a full $50,000 refund.

    What if bitcoin’s price has doubled? If you qualify for a lemon law buyback, you’re probably not going to get $100,000 in bitcoin back from Tesla. Tesla reserves the right to pay the refund in fiat, so it’ll probably just send you a check for $50,000.

    You’re a Lemon if You Buy a Tesla With Bitcoin
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  3. #177
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    Re: Is Bitcoin an imploding ponzi??...

    Could have Forsage this coming.


    Quote Originally Posted by Kollen Post

    Montana's securities regulator ordered the operator of Forsage, an investment scheme built on Ethereum and widely viewed as a pyramid scam, to stop its work within the state.

    Montana regulator calls out Forsage for running a pyramid scheme on Ethereum
    https://behindmlm.com/mlm-reviews/fo...ifting-scheme/

    https://behindmlm.com/mlm-reviews/fo...forsage-ponzi/
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  5. #178
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    Re: Is Bitcoin an imploding ponzi??...

    “To me sounded very legitimate,” Walton said.

    The trading platform was sleek, professional, and chock-full of testimonials.

    “The whole thing looked real,” Walton said.

    Bitcoin Investor ‘Sick To My Stomach’ After Being Scammed Out Of $7,000 – CBS Chicago
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  6. #179
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    Re: Is Bitcoin an imploding ponzi??...

    Stomach turning.

    Quote Originally Posted by Stephen Warwick

    In less than a second, nearly all of his life savings — 17.1 bitcoin worth $600,000 at the time — was gone

    Trezor, based in the Czech Republic and owned by a company called Satoshi Labs, is a well-known maker of hardware wallets. Trezor doesn't have a mobile app, but crypto thieves created a fake one and put it on Apple's App Store in January and the Google Play Store in December, according to those companies, tricking some unsuspecting Trezor customers into entering their seed phrases

    Amongst many fake five-star reviews

    iPhone user loses $600,000 in Bitcoin to scam app, blames Apple | iMore
    Maybe 17 wallets, 17 passwords, and 17 hidy holes are what it takes to keep your crypto safe?
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  8. #180
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    Re: Is Bitcoin an imploding ponzi??...

    Continued from Bitcoin Investor ‘Sick To My Stomach’ After Being Scammed Out Of $7,000 – CBS Chicago above.

    Cynthia Marshall hucking crypto trading had her credentials hijacked by the Dallas Mavericks CE???



    Cue Cynthia Marshall; per Facebook an entrepreneur, crypto-consultant, binary trader, and account manager. Her pitch? She can earn you $50,000 weekly by trading your Bitcoin.

    Marshall reached out to Walton via Facebook Messenger. She convinced him whatever Bitcoin he invested would be safe, because it would be kept in a password-protected account on her company’s website – Auto Virtual Options.


    Cynthia Marshall Crypto.JPG

    Cynthia Marshall

    Cynthia Marshall CEO Dallas Mavericks.JPG

    Home - Annual Meeting 2021

    Quote Originally Posted by ScamAdviser
    This website has been identified by Fake Website Buster as a scam.


    Negative highlights

    The age of this site is (very) young

    The Alexa rank (how much traffic) is rather low
    The server of the site has several low reviewed other websites
    Cryptocurrency services detected, these can be high risk
    High risk financial services or content seems to be offered

    A risk/high return financial services are offered

    Payment methods support anonymous transactions were found


    autovirtualoptions.online Reviews | scam or legit check
    I quit after a few, there are a lot of websites linked to the same photos touting all sorts of trading. Sometimes they even keep the CEO's name consistent.

    Marc Smith CEO
    Marc Smith CEO.JPG
    autovirtualoptions - Forex, Stocks, ETFs & Options Trading

    Richard McCain CEO
    Richard McCain CEO.JPG
    https://bitcoinsanalytica.com/en/

    Marc Smith CEO Again
    https://cpayments.eu/
    https://bullioncenter.ca/
    https://btcnakitboz.com/index-2.html
    http://www.cryptosheart.com/index.php
    Last edited by ribshaw; 03-30-2021 at 11:32 AM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  10. #181
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    Re: Is Bitcoin an imploding ponzi??...

    This Cynthia Marshal Crypto Consultant used to be Faith Alfred (facebook.com/faith.alfred.756).

    Cynthia Marshall
    ��Entrepreneur
    ��Crypto-Consultant
    ��️Binary Trader & account manager
    ��Earn $50,000 Weekly
    ��DM Me

    Cynthia Marshall

    The image she's using comes back to this twitter account.

    https://twitter.com/flyliberty1922?lang=en
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  12. #182
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    Re: Is Bitcoin an imploding ponzi??...

    This number seems high to me other than saying "depending on the cost of electricity" why mine when you could buy cheaper?


    Quote Originally Posted by Zipmex cite

    Mining equipment is also very power-hungry. Depending on the cost of electricity in a miner’s area, it could potentially cost $73,000 to process one bitcoin in a month’s time.(2)

    One way to reduce this cost is to join a mining pool that harnesses the computational power of hardware owned by multiple miners.

    The Best Bitcoin Mining Software for 2021
    Mining pools have been a recipe for fraud ala USI Technology and Dunamis which claimed to be renting computers. One oft cited criticism of Dunamis was the facility was located in Arizona where cooling costs would have been through the roof, no pun intended. Dumamis claimed to have discounted rates but offered no proof and the Pinetop facility was hooked to Abe Lincoln dated power lines. Unlikely story proved certain losses.



    Bitcoin consumes '''more electricity than Argentina''' - BBC News

    Bitcoin uses as much energy as Sweden and is on course to use even more. Experts say that's a 'major problem' for its future.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  14. #183
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    Re: Is Bitcoin an imploding ponzi??...

    Great that a little money was recovered, might be doled out minus the vig in a few years. Perhaps better is a deep dive into people's history of getting your riches you rich before sending money at all.

    Quote Originally Posted by Oz

    ~1200 BTC recovered from Mirror Trading International

    Despite raiding MTI’s offices and the Marks’ residence, likely gaining more than enough to charge them in the process, no further action has been taken by South African authorities.

    The Marks’ cryptocurrency related fraud in South Africa dates back to BTC Global Review: Five tier subscription-based bitcoin gifting

    Despite a still-open criminal investigation being launched as early as March 2018, again South African authorities have refused to hold the Marks accountable.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  16. #184
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    Re: Is Bitcoin an imploding ponzi??...

    It's exasperating talking some people out of getting themselves scammed. I get that listening to some aging online hillbilly might not get it for some, but when the bank and police try to warn you?

    Quote Originally Posted by Andrew Asmakov
    At least one bank is said to have raised concerns over a batch of transactions, in the region of €500,000 ($586,500) each, initiated from an account that had lain dormant for a number of years.

    Despite being briefed by gardaí about the dangers of losing their money, it is understood the customer believed they were making an investment and initially insisted on going ahead with their plans. Eventually, after accepting police advice and with the bank’s cooperation, another planned transfer of about €500,000 was blocked. Millions of Euros Invested in Alleged Bitcoin Fraud in Ireland - Decrypt
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  18. #185
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    Re: Is Bitcoin an imploding ponzi??...

    ‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call interests me more when juxtaposed with the below. The easiest way to end up with a small fortune is to leverage a large one.

    I don't find fault with this author's sentiment.

    Quote Originally Posted by Nathaniel Langley

    In an early 2020 article for Yahoo! Finance, economist Tendayi Kapfidze definitively highlighted Bitcoin as a Ponzi scheme; Kapfidze’s rationale can be applied, as well, to Dogecoin. Besides bluntly contending that cryptocurrency is a hoax, Kapfidze affirms, “you only make money based on people who enter after you.”

    Furthermore, Kapfidze proclaims that with these currencies presently existing for more than ten years, “it [Bitcoin] has no real utility in the world… It’s a solution in search of a problem and it still hasn’t found a problem to solve.”

    Although Bitcoin’s future appears adequate, both Bitcoin and Dogecoin suffer from intense manipulation from “captains” wielding their influence — namely Elon Musk. Succeeding these flagrant persuasions, the impressionable buyer is intimidated into purchasing a commodity that is a sham and destructive to their economics.

    Opinion | Billionaires exploit consumers for Dogecoin Ponzi | The Daily Illini
    I said something similar in 2013.

    Quote Originally Posted by ribshaw View Post
    03-06-2013
    In the second order of importance in my mind it seems you would need vendors who accept bit coins and not founders to adopt the technology. The only application I see other than a few Sovereign Citizens who don't trust the government and a few techies would be for industries where customers may want discretion like porn or shells who want to launder money. Other than discretion, why bother? Unless of course it is speculation.

    I found a chart in Wired magazine of the value of bit coins converted to real currency and it looks like any other speculative bubble, from Tulip Mania to the DotCom. It peaked and crashed in 2011 and now appears to be on the rise again according to an online calculator. If people want to speculate, fine, but it never ends well for the (m)asses.

    Bit Billions - bitbillions.com
    Tesla and a few companies accepting Bitcoin tastes like a nothing burger ala 1999 when every company was adding .COM to their name. Crypto remains a ridiculous way to buy stuff for virtually everyone. As a speculation/store of value sure as long as you aren't positioned like or invested with someone like Bill Hwang when the tide rushes out.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  20. #186
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    Re: Is Bitcoin an imploding ponzi??...

    I've seen the light on Crypto!!!


    Today I'm going all in on Hater Coin, got my stake right here: lajojrnfkmdoijn1u23u94h9ufvn83h49biv9ge9bvd!!! They have an 8 day old website, a yellow paper, pictures of Superman, and they're blasting this NFT all the way up Uranus.


    A lame April Fools post on my part, but how far from reality have I really strayed?




    Quote Originally Posted by Matt Novak

    Matt Lorion, a 17-year-old TikTok influencer known for promoting cryptocurrencies online, has released a new video apologizing for a Star Wars-themed scam he promoted.

    Lorion claims in the video that he lost $10,000 of his own money in the scam, but that could not be verified independently on Thursday.

    The website for the Mando cryptocurrency was registered a week ago today on March 25 and featured plenty of images from the hit Disney+ show “The Mandalorian”—images all used without permission, of course.

    Lorion’s latest video is about a new cryptocurrency called Elongate, which he acknowledges that people think is yet another scam.

    TikTok Teen Apologizes for Promoting 'Mando' Cryptocurrency


    Quote Originally Posted by Omkar Godbole
    “SpaceX is going to put a literal dogecoin on the literal moon,” Musk tweeted at around 10:25 UTC (6:25 a.m. ET) today. Musk’s tweet did not explain how this seemingly impossible feat would be accomplished, as by definition digital currencies have no physical structures and therefore aren’t literal anythings. Perhaps the tweet being sent on April Fool’s may have had something to do with it.

    April Fool’s Day joke or not, the tweet by the noted DOGE whisperer sent the cryptocurrency bounding from roughly $0.053 to $0.070, according to data provider CoinGecko

    DOGE Jumps After Tesla’s Musk Promises ‘Literal’ Moonshot
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  22. #187
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    Re: Is Bitcoin an imploding ponzi??...

    Skeptical.

    Quote Originally Posted by Jessica Yun
    “Owning any digital content can be a financial investment, hold sentimental value, and create a relationship between collector and creator. Like an autograph on a baseball card, the NFT itself is the creator’s autograph on the content, making it scarce, unique, and valuable,” Valuables stated.

    Why Twitter CEO Jack Dorsey’s first tweet is worth $3.26 million
    Not skeptical.

    Quote Originally Posted by Mathew J. Schwartz
    Since digital ownership of Jack Dorsey's first tweet sold for $2.9 million, expect fraudsters to focus more on non-fungible token aficionados.


    Open for debate: Whether NFTs are a bubble that's set to burst. Similar criticism has been leveled at the likes of bitcoin and other cryptocurrencies, with proponents saying they are the future of financial systems and critics deriding them as being little more than a Ponzi scheme in digital form.

    Likely NFT Scams

    Doppelgänger stores
    Counterfeits or knockoffs
    Fake giveaways or "airdrops
    Fake apps

    Non-Fungible Tokens: Of Course They're Attracting Scammers
    Quote Originally Posted by sgreen4

    There is one guy who got rich off of Beanie Babies
    His name is Ty


    Momentum Investing is similar to game of Musical Chairs. As excitement builds the market hands out more and more bags for people to hold. And just in case you be thinkin about turning your empty bag into an NFT:

    Token description

    Bag holder - Rarible - Price $ 44.47 | Coinranking

    Are you still holding a bag of flaming dog **** from 2018?
    Last edited by ribshaw; 04-02-2021 at 11:17 AM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  24. #188
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    Re: Is Bitcoin an imploding ponzi??...

    One thing about most insurance companies is they understand how to price risk. If they're going to write a pool of insurance they expect premiums to exceed losses. In some instances insurers wrote polices their purses couldn't cover. It's very important to know what's backing your insurer, or if in the case of many scams there is any insurance at all.


    Quote Originally Posted by Noor Zainab Hussain and Carolyn Cohn

    If Elon Musk's Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck.

    The high risk of hacking means smaller companies seeking protection for their 'hot wallets' - digital assets stored online - can typically get just about $10 million covered, with the largest limits rarely exceeding the $100-200 million range, insurers and brokers said.

    HEADS IN THE SAND

    Many find the concept of 'minting' NTFs - to make them part of a blockchain - and the prices that can reach millions of dollars, perplexing, but Davis said it would be a mistake for insurers to dismiss this new market.

    "More companies are going to start tokenizing parts of their business. And if you just say, well, we're not covering it, because it's represented as a token, it doesn't make any logical sense," he said.

    "They can't just bury their heads in the sand and hope that it all goes away, because it's not and it is here to stay."

    As Tesla takes the plunge, wary insurers watch crypto craze from the sidelines

    If they can't model for it a profit, it they'll steer clear. I don't know that I would describe this as heads in the sand from the perspective of an insurer and more that of too many buyers of what will prove to be worthless stings of characters.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  26. #189
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    Re: Is Bitcoin an imploding ponzi??...

    Ponzis always "work" at first. Just like finding the queen is easy on any street corner until you lay down some real cash.


    Quote Originally Posted by Bryan Passifiume
    Locating an online cryptocurrency agency, an initial US$4,000 investment netted a quick and tidy profit.

    “I was like, ‘Wow … this really works,'” he recalled.

    As his profits piled up, so did the excuses when he tried to cash out.

    WhatsApp conversations with the scammers show excuses piled upon excuses — promises of a PayPal transaction turned into boxes of cash delivered to his home.

    “He came in contact with the custom police who interrupted package and demanded insurance paperwork,” came one message, requesting $10,000 to free the money from impoundment.

    “In order to get my money back, it cost me money,” Glen told me.

    Words of warning from man bilked out of $200K by Bitcoin scam | Toronto Sun
    A few years back I chatted with a guy that was to finally meet a woman he met online. On the day she was to arrive an accident occurred and she ended up in the hospital. Send cash he was told.

    Easy love/Easy Cash
    Hook is set
    Problem(s) that only cash can solve
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  28. #190
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    Re: Is Bitcoin an imploding ponzi??...

    Easy Peasy...

    Meet a guy who made millions on Bitcoin — then millions more on NFTs

    Unless...

    RIP cryptocurrencies: Number of 'dead' coins up 35% over last year; tally nears 2,000-mark - The Financial Express


    “Remember, things are never clear until it’s too late.”
    ― Peter Lynch, One Up On Wall Street:

    Peter Lynch Quotes (Author of One Up On Wall Street)

    Watch your six...

    Scams and Fraud Bubble Up as NFT Mania Takes Hold - CoinDesk

    There was another Lynch quote I was looking for something like this, "rather than investing in the next Microsoft-invest in Microsoft."
    Last edited by ribshaw; 04-03-2021 at 12:11 PM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  30. #191
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    Re: Is Bitcoin an imploding ponzi??...

    “Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. [The Blockchain Recovery Association] is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.”

    The fake firm has listed its address and phone number as: Cambridge Court 210, Shepherds Bush Rd, Hammersmith, London; +44 555-183-726. CoinDesk reached out to this number and received a “this call cannot be completed as dialed” message (555 numbers, traditionally used for directory assistance, often indicate fake numbers).

    Access Denied
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  32. #192
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    Re: Is Bitcoin an imploding ponzi??...

    Why would an "journalist" ask if a broker is a scam and then rate it 4.8 stars????.8


    US Traders Allowed No

    super1investments Review (FULL) ✅ - Is it a scam?⚠️ | CryptoVevo

    All my other sniveling aside, what legitimate broker hides ownership and doesn't run on it's own independent server?


    Quote Originally Posted by ScamAdviser Negs


    Negative highlights

    The website's owner is hiding his identity on WHOIS using a paid service

    This website has only been registered recently.

    This website does not have many visitors

    This website is not optimized for search engines
    We found many low rated websites on the same server

    Anonymous payment methods were identified on this site


    super1investments.com Reviews | scam, legit or safe check | Scamadviser
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  34. #193
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    Re: Is Bitcoin an imploding ponzi??...

    Here's a little different take on the "is it a scam." Oh this broker is a scam, but here are some links to broker we like.

    Quote Originally Posted by Chainbits Staff
    Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

    Astro Trade Review 2021 – Are They Safe?
    I have no idea if the brokers they like are any good, or what methods they are using to vet them. If referral links are involved the tactic of pan one promote an alternative is smarmy IMHO.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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    Re: Is Bitcoin an imploding ponzi??...

    While scrolling through Facebook late one night a happy investor said he stumbled across a site offering him the chance to make millions of dollars on bitcoin said no one ever.

    Quote Originally Posted by Nick McLaren

    A simple Google search reveals Veritex is based in Estonia and is commonly suspected to be linked to internet scams.

    The same applies for Bluesnow, Simplex-Elastum and Simplex-Bitstamp.

    Bitcoin scam sees man lose nearly half a million dollars, calling banks and exchanges to account - ABC News
    Quote Originally Posted by WBWire
    “Remote access scams are sadly common these days. Scammers posing as IT departments, network providers or online shopping companies to trick victims into relinquishing control of their devices to hack into their accounts and steal sensitive data.

    “Never allow remote access to any of your devices. You may get asked to type something into a web browser, this can allow the caller to make it look like you are being hacked or to gain remote access to your devices.

    “Don’t download anything an unknown caller has asked you to. Please warn friends, family and neighbours as these scams are a particular issue within Nottinghamshire.”

    Nottinghamshire man loses PS80,000 in Bitcoin scheme scam | West Bridgford Wire
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  38. #195
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    Re: Is Bitcoin an imploding ponzi??...

    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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    Re: Is Bitcoin an imploding ponzi??...

    This money is loong gone.

    Quote Originally Posted by Sahana Kiran

    The Singaporean prime minister, Lee Hsien Loong was recently subject to a scam that involuntarily had him involved. A member of the BitClout platform had reportedly used the name of the prime minister in order to pocket some easy money. The user sold fake tokens worth over $10,000. The official revealed that the scammer had made use of the information available on his Twitter account to sell tokens on BitClout. Loong went on to asset that he had nothing to do with BitClout and the entire activity was reportedly done without his permission. "Singaporeans Remain Vigilant While Dealing With Crypto," Alerts PM Lee Hsien Loong
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  42. #197
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    Re: Is Bitcoin an imploding ponzi??...

    A century later and this simple scam still works like a charm.

    Quote Originally Posted by Ciaran Ryan

    TJ connected with Mason on Facebook.

    In November last year, TJ purchased R3 000 worth of bitcoin through the Luno crypto exchange and sent it off to the address supplied by Chris.

    Sure enough, a few weeks later she had R11 000 deposited into her Luno account.

    Satisfied that her first investment worked out so well, she was game for another round.

    How South Africans lost money in a bitcoin scam on Facebook – The Citizen
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  44. #198
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    Re: Is Bitcoin an imploding ponzi??...

    Several variations of this scam...

    'Horrible new scam' warns pet owners to send PS450 or their dog 'will be killed or sold' - Hull Live

    Pet Scam #1. If you have placed an ad in a local paper about your lost pet, and particularly if you offered a reward, you may get a call from someone claiming to have found your pet.

    The caller wants the reward in advance, though, and if you refuse to pay, they'll threaten to harm your pet to put the pressure on so you'll pay up.

    Pet Scams To Watch Out For.html

    6. If you've found a pet and someone claims it belongs to them, before you return the pet, ask for some kind of documentation that the pet actually belongs to them -- ownership or breeding papers, records from the vet, or even family photos.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  46. #199
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    Re: Is Bitcoin an imploding ponzi??...

    Quote Originally Posted by Gabrielle Andres

    They advised the public to adopt precautionary measures such as not clicking on suspicious URL links, not sending money to people they do not know or have not met in person before, and not sharing bank account login credentials with anyone.

    Police also urged the public to decline job offers that require the use of their personal bank accounts to perform money transfer for others, purchase cryptocurrency on behalf of someone else or open new bank accounts.

    “The police would like to remind the public that your bank account(s) will be ‘frozen’ if it is used to assist in laundering money from criminal activities, and you will be subjected to criminal investigations,” they said.


    They also urged individuals not to withdraw or transfer any suspicious funds they may receive in their bank accounts and report the matter to the bank and the police.

    Police warn public against unknowingly becoming money mules through scam job advertisements - CNA
    Avoid payment scams while rebuilding your finances | FTC Consumer Information
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  47. #200
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    Re: Is Bitcoin an imploding ponzi??...

    Hope sharing your pancake photos was worth it.

    Quote Originally Posted by Shiraz Jagati
    Now in 2021, the tech juggernaut has once again been hit with a fresh wave of data leaks, however, this time around, the number of users whose records were exposed was not 50 million but a staggering 500 million
    Crypto at risk after Facebook leak: Here’s how hackers can exploit data
    If you haven't already considered it now might be the time.

    Credit Freeze FAQs | FTC Consumer Information

    Currently the credit reporting agencies (who are a huge part of the problem IMHO) are offering free weekly reports due to a heightened level of fraud surrounding Covid.

    Annual Credit Report.com - Home Page

    And I guess do whatever you have tu-tu protect your crytpo!
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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