Can't believe a currency made up entirely of scams would come to this.
Oh well. Too bad there's no giant ledger of transactions one might leverage a regulated body against to retrieve money from fraudulent transactions.
Tbf crypto has its uses like bypassing US sanctions and stuff. Juche Crypto Hackers are the only good people in the crypto community.
DPRK of all places profiting from the ultimate ancap wet dream messiah technology will never not be funny.
One of the etherum developers got arrested for showing North Koreans how to use the currency to avoid sanctions lol
Crypto bros: "You can be your own bank!"
Crypto bros trying to be their own bank:
I can't believe these losers still exist.
I don't know how anyone can put $40k into something where the ownership belongs to the person with the keys, someone stole your keys? It's theirs now and you can't go to court for it. On top of the risk of buying such a high-risk volatile 'asset', you have to worry about someone else yoinking it. Atleast in the regular stonk markets, you only have the former to worry about.
I can't say I've ever reached into my pocket and pulled out my fake wallet and used the fake debit card that drains all of my money across multiple credit unions by accident. Even bought a cheap wallet from some shady convention guy because it was Star Trek-themed. Zero reviews, no idea who made it. Moneycoin just seems to work like it should for the amount of energy that should cost.
Who the fuck is putting cryptographic keys which can dispossess them of so much money on a phone to begin with?
Let them bitch about a malicious app dev stealing it, at least they still have their thumbs.
Who the fuck is putting cryptographic keys which can dispossess them of so much money on a phone to begin with?
The same sorts of people who are enthusiastically embracing Google's "Passkey" scam.
Because it's just a glorified password manager. But instead of your master password being kept securely in your head, your master password is now in the hands of Google or Apple or Microsoft.
KeePassXC just today released support for storing passkeys in your own keepass database file. And they're not just "glorified passwords". They're private keys that use challenge-response authentication so they're never actually sent over the network. Harder to compromise.
Using passkeys with some kind of personal database is ultimately an objective improvement over hodge podge username and password mechanisms, so they're only going to continue being adopted further.
The only case they don't really work for is when you want to log in to a computer that doesn't have access to your passkeys.
if you have $40k in a software wallet you are a grade-A MORON. Spend $60 on a hardware wallet and this whole class of attacks goes away. I genuinely do feel bad for some of these people. Crypto is in a state right now where you can use it for the intended purpose (crime) if you're technical, and if you're non-technical it is very easy to be victimized by the people doing crime. The genius is that everybody thinks they're pulling one over on somebody else until they get cleaned out.
There are real victims in this whole thing tho, mainly families of dumbshit idiots that pissed away their family's life savings on this stuff.
Figure 1: My Brother
I don't know how much he's lost to bitcoin scummery but it's in the thousands of not tens of thousands. He keeps having kids, those kids don't deserve their livelihoods getting fucked up. My brother is years behind on rent last I knew it isn't like he's a tech bro throwing pocket change into the meat grinder
Crypto scams are on the rise and contrary to popular belief they don’t only target old rich people. My dad was selling his food stamps to “invest” in Bitcoin because his “friend” was an “investor“ who was gonna teach him how to do it. He’s got no savings and he’s actively going into debt over these scams. He seems scarily addicted to it and I don’t pretend to understand why but at the very least it seems to be compulsive behavior and he’s ruined his life over it.
It kind of makes sense why poor people would be attracted to gambling on shitcoins and similar get rich quick schemes. Like other forms of gambling it represents a tiny hope of a swift resolution to their hardships and often if comes with a (disingenuous) promise of playing fair with people who the legitimate economy is rigged against.
It's a piss-poor way of coping with poverty though as it is all scams built on top of scams. A million people lose everything for each time an average Joe wins the big jackpot. The people behind these scams are preying on the desperate, the oppressed and the naive. At best they belong in a gulag.
But until the day they get what's coming for them it is a rare ray of comedic sunshine when they scam eachother for once.
to fake wallets stealing fake money
NOT THE PIZZA ARTIFACTSIt’s incredibly funny that North Korea probably doesn’t even need to waste their zero days on these people. All they need is to trick a bunch of these dumbasses and make off with $50 million
If you want a picture of the future, imagine your digital apes getting stolen by fake apps — forever.
ah okay, shoulda thought of that but these guys name drop random people constantly, thanks!
