> It is too easy to steal Bitcoin. All the exchange platform websites should know who their customers are and know if a particular wallet address is being used by thieves.
Where are the centralised security processes and authorities to protect my speculative investment when I need them?
In many ways this is a facet of being an investor in BTC and should be a message to any BTC investor sitting on top of what has become an astronomical sum- take a look at your portfolio. Take a look at all the risks of being invested in a single product like BTC (scam risk, risk of hack, risk of adverse regulations, extreme volatilty, perfect correlation of your entire investment portfolio), take a look at how much of your portfolio is invested in that single asset, and decide whether you should rebalance. Because no offence, if your savings are 90% BTC, you're not investing, you're gambling on BTC.
The image shows a real Elon Musk tweet with a reply by another Blue-Checked Twitter user @joshymcb (Josh McBride), except he changed his display name to Elon Musk (with Unicode variations). His reply had the link to the Bitcoin scam.
If Josh McBride really did that (and wasn’t hacked), how does he still have his Twitter blue check? I was under the impression that Twitter came down hard on people intentionally misleading others by abusing their blue check.
Ie, if have your blue check, you cannot pretend to be someone else.
Update - Josh says his account was hacked : https://twitter.com/joshymcb/status/1371660418444316673?s=21
In my theory this is why these only work with ridiculous promises. Loosing 10% profit does not feel bad, different thing when you might loose that 100% profit.
Millions of kids in college are wondering how their school is getting away charging regular tuition when classes are via Zoom. Older kids are wondering how a house their parents bought for $100k is worth 15x now when salaries haven't increased by anywhere near that.
Putting money into an index fund that offers 5% (ballpark) seems ridiculous when you consider what things cost today. Why not take a punt on something that could appreciate 10x in a week? It does sound too good to be true, but in an economic system distorted by endless quantitative easing and effectively interest rates for savers, maybe this is the new normal.
I have sympathy as this man lost a lot of money and it will have a lasting impact on his life. But the scammer took advantage of his greed, so I hope he learnt a lesson. Only greed could make you believe someone when they suggest you let them hold your 400k for a few minutes and they'll send you back 800k, without appearing to gain anything from you doing so.
