Well technically I think coinbase can email the users their wallets. Its just a big encrypted file containing more encrypted numbers. But they probably won't and most coinbase users wouldn't know what to do with the wallets.
cryptobros: its decentralized and thus freedom and the future of money
99% of users: hand over their wallet to centralized authority
died in April of 2021
hmmm but if there's an afterlife where does he go? he scammed but he scammed the richest afaik
He sold penny stocks for like 30 years so I'm sure the number of people he's actively harmed in his life probably evens out when you look at how wealthy they were. :gulag:
A lot of people had their pension funds wiped by him. It's essentially the same problem @cryptodipshit alluded to in his post. Capitalists hold the world hostage and they are going to hurt a lot of people on the way down as they fall. But capitalism's collapse due to its own contradictions is going to end up hurting those same people (all of us, really) anyway.
Which is why our mascots are :sicko-blur: and :joker-troll:
The rules are made up, the game is rigged, the only thing that's certain is you'll lose everything when the cards come tumbling down.
hi, i tried to pm you since you're a mod. i can't pm for 24 hours since this was a throwaway account. is there a way i can ask you about something in private? otherwise i guess i can wait a day. i'd rather not post it publicly given the backlash i've already received. thanks.
that's fine. yes, there is a limit on new accounts being able to dm.
but I'm happy to talk to you privately.
wait a day or two, then dm.
if it's urgent, maybe ping carac0sa and ask if there are other options.
whatever i guess i'll just post what i wrote to you here because i need to get away from this site and log off for a few days for my own mental health and i don't wanna come back tomorrow to pm this to you. worst case i've said my peace and you can delete it and my account if you want. not really sure what else to say, i just want to have my peace heard:
hi, messaging you since you're a mod of the comm i posted to. i was wondering where the line is when someone shares something personal. i only shared that i invested in crypto as an example that people among our ranks are investing to try to improve their lives. i shouldn't need to explain my entire story to avoid people sending me hateful messages but apparently i do. my partner bought crypto before i knew her and her loss is a little worse than mine. i was prepared to lose my money but i don't think she really understood. this is my whole point of my thread. people aren't terminally online like this community is and i really am uncomfortable with people taking pleasure in other people's suffering. i think it's fine to cheer on the collapse of crypto as an individual thing, but many users are now targeting me as it's a good thing that i personally lost money like i am some scumbag who is killing the earth. it seems there is no ethical consumption under capitalism unless it's crypto and then it's free reign to shit all over them. i would be willing to bet a huge portion of this community has some retirement fund with defense stocks in it and i'm not trying to shit on them for that. i was simply trying to say that i think the leftist position is NOT to shit on victims of a pyramid scheme. it should be to educate people so it doesn't happen again and to be precise with where the blame lies, which is obviously the people who are not currently getting fucked over, like me. but somehow now, i'm the bad guy here and i'm actually honestly very hurt by some of the responses. obviously this is a throwaway and thank god i did that, but i do post on this site every single day and i have been part of the sub since 2016. maybe i am not the one true leftist, but i do try. i am an organizer and know a little theory. i feel like suddenly here i am having to prove im not a piece of shit and this whole thing feels so bad. i was really hurt by a lot of people's responses to my thread and i think it's incumbent upon this community to be accountable for how we address this. i personally am ok with some degree of crab dancing at the whole pyramid collapsing but i think it's wildly bad form to tell people things like "gg" "be smarter next time" and things like that which are some real responses i got from real users of this site. i'm really dumbfounded by the response and i'm gonna take a break from the site for a few days but i'm wondering if you can illuminate for me where the line is between this being a victory for leftist discourse and shitting on everyone who got hurt by it, because right now i feel like a leftist (or i thought i was) who is suddenly in the crossfire. i posted in good faith, i almost wish i had just posted it without the bit about myself in it. i was just trying to personalize it. anyway thanks for reading. if i'm totally wrong about all this you can feel free to ban me, i'm really lacking perspective right now i guess.
anyway that's what i wanted to send. just wish it was considered a little more than the people you're cheering on who lost money are by and large your friends and relatives. elon musk is fine. this can be the last message of my humiliating public meltdown. thanks.
I'm sorry for the rough experience. I'll share this with the rest of the mod team. Also, if you received hateful private messages about your post, please let me know.
In terms of moderation and where the line is, I last looked at the thread a couple hours ago, so there is definitely a delay between the posting of any comments that would be cause for moderator action and said moderator action.
thanks for hearing me, that does mean a lot. i'm going to delete all of my posts and logoff this account and take a break for some days. if there's a way to delete the account or ban or whatever you can feel free to. i'm just tired of defending my shitty life to chuds and now also to people who i thought were my community. if i had more energy i might leave it all up and try to fight and prove my point but i'm fucking tired. we've all been through a lot the past few years and if trying to make a little money for your family loses me my leftist card then oh well, i fucking tried. i'm angry about this but i just want to be done so this will be it. i guess as far my interaction with you goes, it's been positive and thanks for hearing me out. peace.
Lol, lmao even.
Cryptobros finding out the hard way why the FDIC was created in the 30s and why every bank is insured.
I'm going to right to the Fed and tell them to insure every bank account for the full amount, since printing unlimited amounts of cash and just handing out is the thing we do now.
Think of it this way!...
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Traditional money is backed the country that issues it.
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Crypto assets are backed up by.. Hold on... Hmm... This is surprisingly hard. But they must be backed up by something, right? Something... But what is this something? Is it faith? I dunno. But it seems kinda sus.
Recent current activity at InevitableSwingNFT world headquarters....
"InevitableSwing, is now the time to buy?"
"There's huge downturn. Buy on the dip, right? Judging by your level of net assets, your level of risk tolerance, and the MPI now is the time to buy InevitableSwingNFTs. You could make a killing. I'm obligated to say 'could' by the SEC but this thing is as close to a sure thing as possible. The dip is like the Grand Canyon. Lotsa money to be made on the upside. But only to be made made very, very soon. Gotta act fast."
"I didn't follow all of that."
"Sure you did."
"Like, what's MPI?"
"MaoistLandlord Psychotropic Index. But do you really want to bore yourself with the technical details. My indicators say the MPI could hit the roof. You should invest 100K."
"100K!"
"Fortune favors the bold."
Chains of blocks. I think you can exchange them for Legos. Or maybe that was Link-n-logs. You can definitely get white dog poop from the 70s for doge.
Link-n-logs
You missed your chance. You could have created LnL.NFTs perhaps making a bundle (because you didn't getting permission from the company that owns Lincoln Logs for the obvious copyright infringement), and their lawsuit would simply pump up sales. In fact - you emailed them anonymously the day of your NFT launch to try to guarantee a lawsuit. And then before the NFT crash - you closed up shop and moved to a country where you were very unlikely to get arrested for your pump-and-dump.
Shit. I wish I had done that. Just kidding FBI guy reading this comment. We like jokes.
It's backed up by the Traditional money that you cash your crypto out for.
Crypto Bros: Nah, you just don't understand how crypto markets work brah.
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I think pretty much everyone still holding crypto is going to end up a bag holder. The bottom dropped out of NFTs as people finally wised up to the fact that you can't resell them and the only people making money on them are the minters running the scams, and now those people need to sell their Ethereum and whatever else to cash out before the same thing happens to the coins.
The NFT hype was fake from the beginning. An extremely small group of whales along with a handful of scam groups that bought and sold repeatedly among themselves in order to inflate the price and make it seem like legitimate transactions.
There was no real mainstream interest in NFTs ever.
Remember who sided with the NFT hype. Each and every one of them were in on it.
Bitcoiners desperately buying Coinbase stock with the last of their money because they think it's going to stop them from going bankrupt
This actually happened when Gox went down; everyone with a balance was sent a notice of the bankruptcy proceedings (it was in Japan, so the notice was partially in Japanese). I had less than a penny's worth of USD and BTC on Gox when it failed, but I still got one of those notices.
yea I remember that
would be simply ebin to see another gox
I have a wallet on my computer but the software to access it was deprecated a long time ago
if you still have the keys file or key image or whatever the filetype would be you can STILL access it. you just need to locate the file and depending on the coin find a walllet that allows key/seed (if you have the seed saved but not the keys) recovery/import. if you want or need some help understanding what you need to do that you can dm me and ill try to help you
It was bitcoin for buying drugs back in 2011-2012. I'll devote more resources to this later.
:sicko-blur::sicko-radiant::sicko-laser::sicko-charging::sicko-surveillance:
That's not really how crypto exchanges work. I don't think they have crypto loans yet.
The danger with that is banks not having enough cash for everyone because too much was loaned out. That's not possible with crypto because you can't loan crypto (yet). Even then its not like people are even withdrawing crypto, they're just divesting their securities to cash.
Are the exchanges required to buy their users crypto back? I thought they were just wallet hosting services that happened to also offer the ability to buy and sell from them.
A few weeks ago I took some notes on tech bro crypto billionaires. The notes are a mashup of Wikipedia, etc. Arthur Hayes calls himself a billionaire but I have no idea if that's even remotely true.
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Brian Armstrong • $6 billion
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Sam Bankman-Fried • $24 billion.
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Arthur Hayes • ??? billion
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Changpeng Zhao • $65 billion
Brian Armstrong (born January 25, 1983) is an American business executive and investor who is CEO of cryptocurrency platform Coinbase. He received media attention for his policy of keeping the workplace free of political activism.
He fired a bunch of people in September, 2020. But I never got around to taking notes on that.
Samuel Bankman-Fried (born March 6, 1992) is known by his initials SBF. is an American entrepreneur. He is the founder and CEO of FTX, a cryptocurrency exchange. He also manages assets through Alameda Research, a quantitative cryptocurrency trading firm he founded in October 2017.
Arthur Hayes (born 1985) is a co-founder of Bit MEX, which pioneered the most popular—and riskiest—products in crypto. BitMex is based in Seychelles. Hayes is based in Hong Kong. In October 2020, Hayes stepped down as CEO of BitMEX.
Section: "legal issues in the United States".
Many outsiders reckon he painted a bullseye on his own back. In 2016 he said Bit MEX's strategy was focused on "removed gamblers"; at the time the firm targeted potential customers based in America, boasting that to "sign up takes less than 30 seconds". Asked about why Bit MEX was legally domiciled in the Seychelles in 2019, he noted that bribing American regulators costs more and that the archipelago's price had been "a coconut".
Mr. Hayes is charming, muscular and good on TV.
In 2018 he arrived at a crypto trade show in an orange Lamborghini, tweeting later to his throngs of followers, "Did you see my ride today?" He skis in Hokkaido, plays squash in Hong Kong's amateur league, practises yoga daily and has just taken up kiteboarding. He wears tightfitting T-shirts and luxury watches.
Changpeng Zhao ("CZ") was born in 1977. He is a Chinese-Canadian business executive. Zhao is the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume as of April 2018. CZ was born in Jiangsu, China and moved to Canada at a young age with his family.
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