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Merged Bitcoin - Part 3

dirtywick said:

another coffeezilla video on libra. expands on sniping and the backstory of the guy who launched and sniped libra and melania coin, which are all these right wing economic policy world leaders scamming their own nations. as weird, and somehow unsurprising, as that is to write. there's also a great clip in there where they discuss how there's a network of crypto guys and influencers insider trading. it's just straight up theft at a massive scale in the billions. and they're doing it every couple of days now.

and i was called a conspiracy theorist for calling this out months ago by the guy who won an argument in this thread a decade ago when i said it was open season for the scammers, they're in control now. oh well, some people need to learn the hard way. that's an earned i told you so, and it's going to sting me as much as it feels good to be right when they steal the crypto strategic reserves they're pushing. that one is going to suck, that's my money too they'll be stealing.
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'Speed-listened' through this just now. Explains it all clearly enough. I like this guy's clear, no-BS style and content, this Coffeezilla guy.

Ok, one thing, though. Why exactly did this Malay guy step back from his Libra project? Had he brazened it out, or, in those later stages, had he just kept his mouth shut, is all: then it wouldn't have dropped at that point. And, at best, it might have kept on staying afloat, just like BTC. And, at worst, it would have tanked, and Malay faced the fallout, but then he's doing that anyway, right? That would have been no worse than what's in any case happening. ...So, why did the Argentinian Prez not just keep quiet, why'd he distance himself from Libra? Any idea?
 
the interesting thing about crypto is the founders write the code for the coin. you can lock trading, have it do this or that, modify it later. issue founder coins, charge fees. so they kind of also make the rules for how it works. it was supposed to be if it operates a certain way, somehow someone somewhere would find a use for it.

i think it was save the kids coin or something where they wrote the code where the coins would be locked for 7 days or something and at the last minute unlocked after 5 minutes and just rugged. but that was when they pretended things were still legitimate. although nobody asked how it helps kids either.

now it’s just everyone knows it’s a rug so snipe the coin in the first 5 minutes and then it dies.
 
Chanakya said:
'Speed-listened' through this just now. Explains it all clearly enough. I like this guy's clear, no-BS style and content, this Coffeezilla guy.

Ok, one thing, though. Why exactly did this Malay guy step back from his Libra project? Had he brazened it out, or, in those later stages, had he just kept his mouth shut, is all: then it wouldn't have dropped at that point. And, at best, it might have kept on staying afloat, just like BTC. And, at worst, it would have tanked, and Malay faced the fallout, but then he's doing that anyway, right? That would have been no worse than what's in any case happening. ...So, why did the Argentinian Prez not just keep quiet, why'd he distance himself from Libra? Any idea?
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yeah coffeezilla is awesome.

the president was likely paid a bunch of money to put up a twitter post for 24 hours and then allowed to deny the whole thing. the scam was already pulled and it was massive and undeniable, the scammers are scared and the president can’t really be quiet it was world wide news

why did the president do it? for money
 
dirtywick said:
and i was called a conspiracy theorist for calling this out months ago by the guy who won an argument in this thread a decade ago when i said it was open season for the scammers, they're in control now.
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I don't know if you are addressing this comment at anybody in particular but CT only applies to those who claimed that BITCOIN was originally created to fleece the public.

People offering you an opportunity to get in on the ground with a NEW crypto are in the same category as Nigerian princes or Brooklyn bridge sellers.
 
bitcoin is the intermediary between the new crypto and actual money, of which getting more of is the end goal of all crypto
 
incidentally, chanakya, that’s another key difference between crypto and legitimate investment opportunities. crypto has excellent utility in easing and concealing the financial transactions of crimes.
 
dirtywick said:
incidentally, chanakya, that’s another key difference between crypto and legitimate investment opportunities. crypto has excellent utility in easing and concealing the financial transactions of crimes.
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Sure, agreed. Up to a point, but still.


dirtywick said:
yeah coffeezilla is awesome.

the president was likely paid a bunch of money to put up a twitter post for 24 hours and then allowed to deny the whole thing. the scam was already pulled and it was massive and undeniable, the scammers are scared and the president can’t really be quiet it was world wide news

why did the president do it? for money
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No, I meant, I was wondering, why did he distance himself from it when he did. My understanding is he did that before it tanked, in fact it tanked because he stepped back. So why do it?

(But I guess criminals do sometimes grow a conscience belatedly, or get scared, and act irrationally and sub-optimally. Not all crooks are Moriarty.. No big deal. ...Just, I was wondering if there might be a technical explanation for his curious behavior, that maybe I was not getting.)

(Agreed, his doing it in the first place is more straightforward. Maybe they bribed him, maybe he hoped to book profits from investing, maybe he was honest but foolishly credulous of this bullshyttery, Whatever, he further ◊◊◊◊◊◊ up an already ◊◊◊◊◊◊ up economy.)

(Although in a topsy turvy world where crooks and criminals run the show, and are feted for being crooks and asses, and in fact are doing exactly what he tried, but even more brazenly, and still getting away with it: Trump and his vile horde of orcs, I mean to say: Maybe this Malay person kicks himself now for suddenly and belatedly growing the vestiges of a conscience, or whatever the hell prompted him to delete his gushing endorsements and then issue those detractions.)
 
it didn't tank because he stepped back, it tanked within an hour of launch in a scam perpetrated by the founders of the coin. the same guys that most likely paid milei, in another crypto, to even tweet about it at all and had planned this whole thing all along. he backed off several hours after that once the scam had been completed, as they most likely agreed upon as part of the arrangement.

you should certainly not believe that he was an innocent and honest sucker in the scam, there's no way he didn't know what he was getting into.

it was a textbook rug pull. even down to the excuses.
 
dirtywick said:
it didn't tank because he stepped back, it tanked within an hour of launch in a scam perpetrated by the founders of the coin. the same guys that most likely paid milei, in another crypto, to even tweet about it at all and had planned this whole thing all along. he backed off several hours after that once the scam had been completed, as they most likely agreed upon as part of the arrangement.

you should certainly not believe that he was an innocent and honest sucker in the scam, there's no way he didn't know what he was getting into.

it was a textbook rug pull. even down to the excuses.
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Understood, now. He backed out after it started its free fall --- not the other way around, like I'd gathered from my quick watch of that vid.

Thanks for clarifying!
 
yeah, it's a really common influencer scam. crypto guys contact an influencer, pay them some money to make a tweet and keep it up for a predetermined amount of time and pay the rest when the time has passed. the money is paid, the scam is pulled, the influencer deletes the tweet, gets their money. some fans get mad, but nobody really cares and the scammers themselves are completely anonymous. this happens on a daily basis for much smaller amounts of money.

but you can tell something about this particular scam has that hayden davis, and others involved, pretty spooked. he had mentioned death threats from argentinian cartels, perhaps something behind the scenes with milei, perhaps something else entirely. he said a lot of stuff in his interview that was pretty honest, but he also did a lot of obvious lying imo.
 
dirtywick said:
bitcoin is the intermediary between the new crypto and actual money, of which getting more of is the end goal of all crypto
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Are you saying that the only way to buy the new crypto is to buy bitcoin first then use that to buy the new crypto?

If so then that alone should sound even more alarm bells for would be investors (since the new crypto reeks of illegitimacy) but that hardly means the bitcoin is complicit in the scam.
 
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without being able to quickly buy bitcoin, or you could substitute ethereum or litecoin or a stable coin or whatever, a rug pull wouldn't be possible. these coins aren't listed on exchanges (who also somewhat often collapse or defraud their customers or commit other financial crimes), so they have to use something like bitcoin as a middle step between the scam on the meme coin and getting actual money you can buy things with.

it's not really complicit or not, it's simply a use case for bitcoin.

anyway, i agree these people, on paper, should know better. but a lot of these people, particularly targeted by trump and milei, are like voters that don't know ◊◊◊◊ and just read a tweet and got suckered into a scam by this guy they trusted who is the president of the country.
 
dirtywick said:
anyway, i agree these people, on paper, should know better. but a lot of these people, particularly targeted by trump and milei, are like voters that don't know ◊◊◊◊ and just read a tweet and got suckered into a scam by this guy they trusted who is the president of the country.
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I find it hard to be sympathetic towards those who voted for that insane criminal. Maybe they were hoping that Trump would help them get back the money they spent on the Brooklyn bridge.
 
If you look at previous Coffeezilla videos and those on the subject by Kira you will see how the scammers work and the billions they have stolen.

Why anyone would invest in anything Crypto or NFT is a mystery.
 
Andy_Ross said:
If you look at previous Coffeezilla videos and those on the subject by Kira you will see how the scammers work and the billions they have stolen.

Why anyone would invest in anything Crypto or NFT is a mystery.
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People who invested in bitcoin 10 years ago made millions. So why would that be a mystery ? People hope it can happen again.
 
i guess not knowing if the house will actually have the funds to cover the chips makes it that much more interesting
 
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