I am an idiot.submitted by SigmaInigma to Bitcoin [link] [comments]
I was browsing Twitter and saw a post that appeared to be Elon Musk tweeting about a "New Years Crypto Party Giveaway". I navigated to the website in the tweet and it appeared that Elon Musk was giving away crypto and all you had to do was send in some crypto to verify your wallet address and they would send back what you sent plus up to double what you sent in back. In the moment everything looked legit to me and it seemed that there was a limited amount of time that this would last so I stupidly and frantically rushed to my CoinBase account and sent 0.4BTC or around $3000 USD. Immediately after I sent the money I got scared and regretted not doing more verification on my end to verify the giveaway. Low and behold after only a little digging it became very clear that I just got scammed.
Here was the tweet I saw: https://twitter.com/Eric77461769/status/1213122989480271877?s=20
The website in the tweet was https://muskfun.info/ and it appeared to redirect to a legit Medium Article by Elon Musk. I then clicked the Bitcoin giveaway link in the article and it took me here: https://muskfun.info/btc/
The final site I went to is where I was instructed to send the Bitcoin. It looked legit to me at the time and there was a live log of transactions. But had I looked just a little deeper I would have realized so many signs that this was a scam.
I did some Google searching to see if there was any way for me to get my money back through any legal means or by reporting fraud to Coinbase but as I guessed with Crytpo you are pretty much out of luck.
Thanks for listening to my story. Feel free to laugh at my expense. Learn from my mistake. If anyone knows how to give this scammer payback feel free to let me know how!
EDIT: Here is the log of my transaction: https://www.blockchain.com/btc/tx/e806b41205e82452768d1bd7fded2b7e2cfdcd976e469daf07d7a8520f98a930
This is the second post of our Spreading Crypto series where we take a deep dive into what it’ll take to help this technology reach broader adoption.submitted by mickhagen to genesisblockhq [link] [comments]
Mick exploring the state of apps in crypto
Our previous post explored the history of protocols and how they only become widely adopted when a compelling application makes them more accessible and easier to use.
Crypto will be no different. Blockchain technology today is mostly all low-level protocols. As with the numerous protocols that came before, these new, decentralized protocols need killer applications.
So, how’s that going? Where is crypto’s killer application? What’s the state of application development within our industry? Today we’ll try to answer those questions. We’ll also take a close look at decentralized applications — as that’s where a lot of the developer energy and focus currently is. Let’s dive in.
Popular Crypto ApplicationsThe most popular crypto applications today are exchanges like Coinbase and Binance — each with tens of millions of users. Other popular crypto exchanges include Kraken, Bitstamp, Gemini, and Bitfinex. In recent years, new derivatives platforms have emerged like FTX and Deribit.
Beyond the fact that the most popular crypto applications are all used for speculation, another common thread is that they are all centralized.A centralized application means that ultimate power and control rests with a centralized party (the company who built it). For example, if Coinbase or Binance wants to block you from withdrawing your funds for whatever reason (maybe for suspicious activity or fraud), they can do that. They have control of their servers so they have control of your funds.
Most popular applications that we all use daily are centralized (Netflix, Facebook, Youtube, etc). That’s the standard for modern, world-class applications today.
Decentralized ApplicationsEven though the most popular crypto applications are all centralized, most of the developer energy and focus in our industry is with decentralized applications (dApps) and non-custodial products.
These are products where only the user can touch or move funds. Not even the company or developer who built the application can access or control or stop funds from being moved. Only the user has control.
These applications allow users to truly become their own bank and have absolute control of their money.They also allow users to perform blockchain transactions and interact directly with decentralized protocols. Some of the most popular non-custodial products include Ledger, MetaMask, and MyCrypto (#ProudInvestor).
While the benefits of this type of application are obvious (user has full control of their funds), it comes with a lot of tradeoffs. We will cover that later in this post.
Libertarianism + CryptoIf the most popular applications tend to be centralized (inside and out of crypto), why is so much of our community focused on building decentralized applications (dApps)? For the casual observer, that’s a reasonable, valid question.
“Not your keys, not your coins.”This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets or dApps), then it’s not really your crypto.
Engrained in the early culture of Bitcoin has always been a strong distrust for centralized authority and power — including the too-big-to-fail government-backed financial system. In the midst of the Financial Crisis, Satoshi Nakamoto included this headline in Bitcoin’s genesis block: “Chancellor on brink of second bailout for banks.” There has always been a close connection between libertarianism & cryptocurrency.
So it’s no surprise that much of the crypto developer community is spending their time building applications that are non-custodial or decentralized. It’s part of the DNA, the soul, the essence of our community.
Personal ExperienceWhen I was at Mainframe, we built Mainframe OS — a platform that developers use to build and launch decentralized applications (dApps). I’m deeply familiar with what’s possible and what’s not in the world of dApps. I have the battle scars and gray hair to prove it. We’ve hosted panels around the various challenges. We’ve even produced videos poking fun at how complicated it is for end-users to interact with.
After having spent three years in the trenches of this non-custodial world, I no longer believe that decentralized applications are capable of bringing crypto to the masses.While I totally understand and appreciate the ethos of self-sovereignty, independence, and liberty… I think it’s a terrible mistake that as a community we are spending most of our time in this area of application development. Decentralized applications will not take crypto to the masses.
Overwhelming FrictionThe user friction that comes with decentralized applications is just too overwhelming. Let’s go through a few of the bigger points:
What Our Industry Has WrongDecentralized applications will always have a place in the market — especially among the most hardcore crypto people and parts of the world where these tools are essential. I’m personally an active user of many non-custodial products. I’m a blockchain early-adopter, I like to hold my own money, and I’m very forgiving of suboptimal UX.
However, I’m not afraid to say the poop stinks. Decentralized applications simply cannot produce the type of product experience that mainstream consumers expect.If the goal is growth and adoption, as a community I believe we’re barking up the wrong tree. We are trying to make fetch happen. It isn’t gonna happen. Our Netscape Moment is unlikely to arrive as long as we’re focused on decentralized applications.
\"Mean Girls\" movie
There’s a reason why the most popular consumer applications are centralized (Spotify, Amazon, Instagram, etc). There’s a reason why the most popular crypto applications are centralized (Coinbase, Binance, etc).
The frameworks, tooling, infrastructure, and services to support these modern, centralized applications are mature and well-established. It’s easier to build apps that are fast & performant. It’s easier to launch apps that are convenient and on all form-factors (especially mobile). It’s easier to distribute and promote via all the major app store channels (iOS/Android). It’s easier to patch, update, and upgrade. It’s easier to experiment and iterate.
It’s easier to design, build, and launch a world-class application when it is centralized! It is why we’ve chosen this path for Genesis Block.---
Other Ways to Consume This Content:
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
To enter or exit the crypto economy, we rely on centralized exchanges such as Coinbase, which track their users, impose limits, and are tightly coupled to their jurisdiction and its banking system. And for all we know, any day now regulations could start tightening these controls further (*we've actually seen some of this play out in the two months since our first launch post). In light of this, can we say in any meaningful sense that crypto is anonymous, limtiless, borderless, immune to regulation, and (most importantly) unstoppable?To really address this concern, we need a completely decentralized gateway between fiat and crypto: something that extends the benefits of crypto to the very act of moving between the old and new economies. But the design of such a platform is far from obvious.
|Rate (per day)||2.75||237.19|
Generated with BBoe's Subreddit Stats
@Kainzo sorry to hear this. I’m sure you know this information already but watch these wallets carefully (below). They contain all your BTC. Try to see if you can set reminders or notifications on them to monitor activity. These wallets contain all your BTC (they won’t add up to the same amount due to transaction fees). The pattern of the transfers definitely seem programmatic so I doubt you are the only victim. That being said, the scammers are human, too. Not sure if they’ll HODL or want to liquidate in this dip. If they liquidate, then they will either 1) send to an exchange (you’ll be able to identify wallet addresses that are linked to an exchange so keep an eye out for activity) in which case once you notice the activity you should alert the exchange immediately, or 2) they will sell it off locally with a platform like local bitcoins, in which case it will be highly improbable to trace. If it is option 1, if the exchange cooperated with you, then you may be able to retrieve your lost funds. Fiat-to-coin exchanges like Coinbase should be on your side as they are under strict regulation to avoid processing dirty money, and they are well aware of this. I doubt, though, that the scammers will go the online dump route, due to the transparency and risk I just mentioned, but at this point it’s still worth the watch. Even if they go on some other exchange, still contact the exchange immediately. Because in that case they may be trying to transfer out in something like Ethereum, and you will have no way of tracking it once it leaves the exchange.
@Kainzo wallet addresses associated with exchanges will usually be dumped into a central wallet owned by the exchange or some subwallet that is also owned by the exchange, which contains other people’s bitcoin too. If blockchain.info recognizes the address it will display which exchanges wallet it is. If not you can try to google the wallet address you suspect to be and exchange and it should provide some transparency. You can try to alert authorities to identify the user who stole from you but it is unlikely they will be able to do anything about it since the scammer probably resides outside your country and law enforcement only has jurisdiction within, unless your case is escalated to some FBI equivalent in France Even so, it is unlikely they will escalate or prosecute for a financial crime this size. Not saying $70k is small by any means, but the type of cases they deal with are more money laundering to the extent of millions
The following accounts are all used by the scammer. You can tell because they all comment on the fake websites. https://www.reddit.com/useceesvegmond https://www.reddit.com/usealexnmhs https://www.reddit.com/useelite5s https://www.reddit.com/usewielheussen https://www.reddit.com/usereinholsch https://www.reddit.com/usebmsbw https://www.reddit.com/usekipp1vel https://www.reddit.com/usesidvicman https://www.reddit.com/usedubbl_bubble https://www.reddit.com/usesnffelhoeve https://www.reddit.com/usesvogelaar01 https://www.reddit.com/usealbertmrtl https://www.reddit.com/usebrandongdu https://www.reddit.com/usedc_brankin https://www.reddit.com/usenor1el
Where can I find my bitcoin address? You can find your Bitcoin Cash (BCH) or Bitcoin Core (BTC) address for receiving payments into your Bitcoin.com wallet by tapping "Receive" on the bottom tool bar of your wallet.Your address will be the long string of numbers and letters directly below the QR code for that address. Coinbase service during COVID-19. Stay up-to-date with Coinbase resources and potential service disruptions during COVID-19. Getting started ID document verification. Tips and steps for verifying your identity with Coinbase. Getting started Supported cryptocurrencies. See all the cryptocurrencies that are available to trade on Coinbase.com. 1. Coinbase Overview. Founded in 2012 by Brian Armstrong and Fred Ehrsam as part of Ycombinator, Coinbase is one of the oldest exchanges around. Coinbase has started out only as a Bitcoin brokerage service (selling Bitcoins directly to customers), but additional services were added along the way.Coinbase is fully regulated and licensed. Rather than stealing credit card and bank account details, crypto-related malware is designed to get access to your web wallet and drain your account, monitor the Windows clipboard for cryptocurrency addresses and replace your legitimate address with an address belonging to a scammer, or even infect your computer with a cryptocurrency miner. Bitcoin Gold, the site's wallet used in the scam, began investigating shortly after, but the site remains controversial. Still, firm released a warning to bitcoin investors.
[index]          
Coinbase is easy and useful,isnt it? Join Coinbase now:-https://www.coinbase.com/join/gurung_asf?src=android-link Earn Bitcoin by playing games and withdraw ... Celebrity Twitter Accounts Are Falling Victim To This Crypto Scam: Elon Musk, Joe Biden, Uber, etc Cointelegraph 212 watching Live now Paano Kumita sa Buy&Sell Bitcoin sa Coins.ph, Coins.ph Buy ... Coinbase - How to Find your Bitcoin wallet address For Business Inquiries:- [email protected] ... COMPLETE Shopify Tutorial For Beginners 2020 - How To Create A Profitable Shopify Store From Scratch - Duration: 2:14:53. Dan Vas 1,788,453 views If you want to someone to send you money to your Bitcoin account, Give them this address. you may donate to our network via Bitcoin as well :) Bitcoin address ...