anotherneil
Well-Known Member
I have over a decade of experience with cryptocurrencies, and at this point I have to advise that everyone stay away from it.
I keep getting burned by stolen cryptocurrency, despite being careful or not even taking any action and getting cryptocurrency taken from my wallet; for instance, I was using Atomic Wallet to store some of my cryptocurrencies, and even though I didn't do anything such as click on a link in a malicious email or on a website, somehow some hackers managed to nearly empty it. My first incident where I lost some bitcoin was from the Mt. Gox hack. My most recent incident was just a couple of weeks ago, when I was trying to figure out how to claim an airdrop for a so-called "fork" of PEPE, or figure out if there actually is an airdrop for it (normally an "airdrop" means you automatically receive something if you already have something else, such as 1 BCH for each BTC you already have); I found a medium.com article led me to a bad website that apparently can hack Metamask wallets that connect to it.
Over time, I have come across or heard of case after case or stories of stolen cryptocurrency. If you are in law enforcement, you might be familiar with how bad it is. If you're not in law enforcement, just ask someone who you do know in law enforcement and ask them about it; I wouldn't be surprised if they told you that they know it's bad.
You probably are not ever hearing of any incidents of hacking, scams, or fraud involving cryptocurrencies in the news or any other media sources (with exceptions like FTX scam, because there was such a huge amount of money and a large number of victims involved), but you'll be able to find some information of many other victimized individuals or cases with some digging around on search engines - Google, etc.
Apparently, there are many victims of cryptocurrency theft who are either ashamed to admit that they've been victimized, or maybe even in denial that they've been victimized. I, myself, am not ashamed to admit that I've been foolish by believing that cryptocurrency is a sound financial system.
Cryptocurrency is a disaster and financially destructive to its victims; it's a failed experiment in terms of security to preserve digital assets. It's terrible right now, it's been gradually getting worse over time, and I suspect that it's going to get much worse at a much faster pace.
If you have any cryptocurrency, you might want to consider selling it off before it gets stolen from you. Tell anyone & everyone you know - family, friends, co-workers, neighbors, clients & customers (etc.), that right now it's a bad idea to mess around with cryptocurrencies.
Perhaps one day there will be solutions to fix the cryptocurrency environment, but right now it's broken; I'm not talking about the general conceptual technology per se, but even with that there are cases of problems, such as Terra Luna minting going completely out of control to try to prevent its "stable" coin from decoupling from the US dollar.
This is something that I really regret saying (because I'm not a fan of the Federal Reserve or any private central banking system that creates money out of nothing by loaning it into existence and charging interest for it, as well as because inflation is theft), but for now, just stick to conventional cash, banks, credit cards, and your checkbook.
I keep getting burned by stolen cryptocurrency, despite being careful or not even taking any action and getting cryptocurrency taken from my wallet; for instance, I was using Atomic Wallet to store some of my cryptocurrencies, and even though I didn't do anything such as click on a link in a malicious email or on a website, somehow some hackers managed to nearly empty it. My first incident where I lost some bitcoin was from the Mt. Gox hack. My most recent incident was just a couple of weeks ago, when I was trying to figure out how to claim an airdrop for a so-called "fork" of PEPE, or figure out if there actually is an airdrop for it (normally an "airdrop" means you automatically receive something if you already have something else, such as 1 BCH for each BTC you already have); I found a medium.com article led me to a bad website that apparently can hack Metamask wallets that connect to it.
Over time, I have come across or heard of case after case or stories of stolen cryptocurrency. If you are in law enforcement, you might be familiar with how bad it is. If you're not in law enforcement, just ask someone who you do know in law enforcement and ask them about it; I wouldn't be surprised if they told you that they know it's bad.
You probably are not ever hearing of any incidents of hacking, scams, or fraud involving cryptocurrencies in the news or any other media sources (with exceptions like FTX scam, because there was such a huge amount of money and a large number of victims involved), but you'll be able to find some information of many other victimized individuals or cases with some digging around on search engines - Google, etc.
Apparently, there are many victims of cryptocurrency theft who are either ashamed to admit that they've been victimized, or maybe even in denial that they've been victimized. I, myself, am not ashamed to admit that I've been foolish by believing that cryptocurrency is a sound financial system.
Cryptocurrency is a disaster and financially destructive to its victims; it's a failed experiment in terms of security to preserve digital assets. It's terrible right now, it's been gradually getting worse over time, and I suspect that it's going to get much worse at a much faster pace.
If you have any cryptocurrency, you might want to consider selling it off before it gets stolen from you. Tell anyone & everyone you know - family, friends, co-workers, neighbors, clients & customers (etc.), that right now it's a bad idea to mess around with cryptocurrencies.
Perhaps one day there will be solutions to fix the cryptocurrency environment, but right now it's broken; I'm not talking about the general conceptual technology per se, but even with that there are cases of problems, such as Terra Luna minting going completely out of control to try to prevent its "stable" coin from decoupling from the US dollar.
This is something that I really regret saying (because I'm not a fan of the Federal Reserve or any private central banking system that creates money out of nothing by loaning it into existence and charging interest for it, as well as because inflation is theft), but for now, just stick to conventional cash, banks, credit cards, and your checkbook.
