07-16 08:03 - 'South African Ponzi Operator Gets House and Lambo Burned Down After Scamming Thousands With ‘Bitcoin Wallet’ scheme' (beincrypto.com) by /u/beincrypto removed from /r/Bitcoin within 1032-1042min
[uncensored-r/Bitcoin] I have an unencrypted wallet.dat. How do I open it before this ponzi scheme is over?
The following post by kopchaidee is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: reddit.com/ Bitcoin/comments/7043h4 The original post's content was as follows:
Would anyone believe if a company offered up to 15% returns every year on the coins that people store in their wallet and also offer full refund on deposit when requested? Or would it be considered just another Ponzi scheme? I would really appreciate your input on this! Thanks :) /r/Bitcoin
Yesterday a post of mine got a good amount of attention in this, my favourite, sub. So I have decided to post it here in full... More than mildly, it annoys us that we have the tools to be truly sovereign and yet we continue to submit our ourselves, and our bitcoin, to centralised authorities. "Privacy is necessary for an open society in the electronic age"; yet KYC is demanded before we can trade. "Not your keys, not your coins"; yet millions of bitcoin sit in the vaults of custodial exchanges and wallets. For monetary liberty to be widespread it must be part of the social contract. We must come together to deploy decentralised systems that maintain Bitcoin's promise of sovereignty. These tools already exist and they are improving.
Bitcoin maintains its sovereignty through technological, cryptographic means. First and foremost, private keys provide the only means of control and ownership. Second, and most famously, Proof of Work defends the network against attack. Attackers, however, are not limited to attacking the cryptography or the hashpower in order to limit our sovereignty. They route around and seek any weak links. "Trusted third parties are security holes". We increase the perimeter of defence by eliminating these trusted third parties.
Ethereum is Bitcoin’s Testnet
We will splice the DNA of DeFi into Bitcoin. We will increase Bitcoin's defense perimeter. The tools already exist. Ethereum is our testnet. Let it provide the radioactive pool where mutations are many. Let us observe it as it moves fast and breaks things. We will adopt it's best tools and learn to defend against its worst. Rootstock, a Bitcoin sidechain, can be our CRISPR in this genetic adoption. We will splice the code from Ethereum dapps and improve upon them.
Cypherpunks write code, share code, review code and copy code. Sovereign individuals use this code. Like the X-men's Rouge, Bitcoiners will absorb the superpowers of others. I have been working on a DeFi dapp for decentralised bitcoin trading and lending. Hopefully you will join me, or better yet, compete with me. "Those who would give up Liberty, to purchase a little temporary convenience, will have neither Liberty nor convenience." That will be our code. Onwards.
This set of indicators draws from the inherent characteristics and vulnerabilities associated with the underlying technology of VAs. The various technological features below increase anonymity and add hurdles to the detection of criminal activity by LEAs. These factors make VAs attractive to criminals looking to disguise or store their funds. Nevertheless, the mere presence of these features in an activity does not automatically suggest an illicit transaction. For example, the use of a hardware or paper wallet may be legitimate as a way to secure VAs against thefts. Again, the presence of these indicators should be considered in the context of other characteristics about the customer and relationship, or a logical business explanation.
Transactions by a customer involving more than one type of VA, despite additional transaction fees, and especially those VAs that provide higher anonymity, such as anonymity-enhanced cryptocurrency (AEC) or privacy coins. Moving a VA that operates on a public, transparent blockchain, such as Bitcoin, to a centralised exchange and then immediately trading it for an AEC or privacy coin. Customers that operate as an unregistered/unlicensed VASP on peer-to-peer (P2P) exchange websites, particularly when there are concerns that the customers handle huge amount of VA transfers on its customer’s behalf, and charge higher fees to its customer than transmission services offered by other exchanges. Use of bank accounts to facilitate these P2P transactions. Abnormal transactional activity (level and volume) of VAs cashed out at exchanges from P2P platform-associated wallets with no logical business explanation. VAs transferred to or from wallets that show previous patterns of activity associated with the use of VASPs that operate mixing or tumbling services or P2P platforms. Transactions making use of mixing and tumbling services, suggesting an intent to obscure the flow of illicit funds between known wallet addresses and darknet marketplaces. Funds deposited or withdrawn from a VA address or wallet with direct and indirect exposure links to known suspicious sources, including darknet marketplaces, mixing/tumbling services, questionable gambling sites, illegal activities (e.g. ransomware) and/or theft reports. The use of decentralised/unhosted, hardware or paper wallets to transport VAs across borders. Users entering the VASP platform having registered their Internet domain names through proxies or using domain name registrars (DNS) that suppress or redact the owners of the domain names. Users entering the VASP platform using an IP address associated with a darknet or other similar software that allows anonymous communication, including encrypted emails and VPNs. Transactions between partners using various anonymous encrypted communication means (e.g. forums, chats, mobile applications, online games, etc.) instead of a VASP. A large number of seemingly unrelated VA wallets controlled from the same IP-address (or MAC-address), which may involve the use of shell wallets registered to different users to conceal their relation to each other. Use of VAs whose design is not adequately documented, or that are linked to possible fraud or other tools aimed at implementing fraudulent schemes, such as Ponzi schemes. Receiving funds from or sending funds to VASPs whose CDD or know-your- customer (KYC) processes are demonstrably weak or non-existent. Using VA ATMs/kiosks – o despite the higher transaction fees and including those commonly used by mules or scam victims; or o in high-risk locations where increased criminal activities occur. A single use of an ATM/kiosk is not enough in and of itself to constitute a red flag, but would if it was coupled with the machine being in a high-risk area, or was used for repeated small transactions (or other additional factors).
Operation Mockingbird - remember that time when Bitcoin was peer-to-peer electronic cash?
Do you remember what it was like in 2013 and earlier when Satoshi / Gavin were running the project and the goal was more users, merchants and scaling? Do you remember that time when the exciting projects were getting merchants to accept Bitcoin for payments, wallet apps, and maps of businesses and people that used and accepted Bitcoin as money? Do you remember that time when the MIT digital currency initiative (sponsored by Jeffrey Epstein and his mysterious intelligence agency "investment money"), MasterCard, and Western Union all invested in Blockstream who suddenly consolidated control of the Bitcoin development group, smearing and attacking anyone who wouldn't get on board? Remember that time that Theymos, who had been pro-Bitcoin scaling suddenly had a personality change and started censoring and banning anyone who talked about scaling bitcoin from the two largest discussion platforms, bitcoin talk dot org and r\bitcoin? Remember that time when fake Bitcoin celebrities with marketing teams behind them started appearing out of nowhere with the view that we shouldn't increase the capacity of Bitcoin so more people can use it? Remember that time that countless NPC's changed the community's narrative from peer-to-peer electronic cash with the goal of merchant and user adoption to "digital gold" or some kind of digital tulip ponzi scheme that's too expensive to use for day-to-day currency? Remember that time when the miners, now consolidated in CCP controlled China, suddenly voted against their own best-interests, and decided to run software that rate-limits Bitcoin to 5 transactions per second, despite overwhelming community opposition? Pepperidge Farm remembers. This is Operation Mockingbird folks, just a 21st Century version of it. So was SegWit, BSV/CSW, and now this IFP bullshit from Amaury.
The Ladysmith ‘Bitcoin Wallet’ Ponzi scheme. Bitcoin Wallet became popular in the Kwa-Zulu Natal town when burgeoning investors saw the cryptocurrency company as a way to help with savings and as a means to make money passively. Mbatha had claimed that any deposits from the investors had made were to be invested in Bitcoin and then would be later transacted back to national tender after ... Bitcoin Blacklist Blacklist of Scam/Ponzi schemes. These names and businesses listed below can steal all your bitcoins and they are NOT supported by the Bitcoin Community. Be safe, stay away from them! The Blacklist also includes websites that have suspicious activities. Last updated: 16/07/2020. Search. Search. Reset. Haven't found anything? Type it differently, like "MiningExample" or ... Bitcoin Wallet is promising a 200% return on investments in South Africa. Local police indicate that there is presently an investigation of a Ponzi scheme in the area, though they have not confirmed if Bitcoin Wallet is involved. On of the most frustrating concerns of the cryptocurrency industry is the scams that tend to plague it. The boom of ... News.Bitcoin.com reported on the Onecoin scam on various occasions releasing multiple exposés on the Ponzi’s destruction. Ruja Ignatova and her associates told Onecoin investors there was a ... Bitcoin wallet and exchange scams. Some websites claim to be Bitcoin wallets. Others claim to be exchanges, where one can trade Bitcoin. Others yet claim to do both, but many of these are in fact scam sites. They simply get users to sign up and deposit Bitcoin or local currency for a while to build trust and then after a while make off with the ...
Bitcoin Wallet - Ladysmith Inland Finder. Loading... Unsubscribe from Inland Finder? ... How a ponzi scheme works - Duration: 5:20. moneyandsociety Recommended for you. 5:20. Nelson Mandela ... #Bitcoin at critical levels! Last line of defense for the bulls? Ross Ulbricht $BTC price prediction, Crypto hater Mark Cuban agrees BTC can be a reliable fi... This video is unavailable. Watch Queue Queue Ponzi dumping BTC! 320k ETH dumped by ICO Hexconnect? Tron anonymous transactions For Business Inquiries: [email protected] Ledger Nano Hardware Wallets: https://www.ledgerwallet ... Keep your crypto safe with an offline wallet (cold wallet) - Ledger Nano S (Offline cold wallet) ... Why Bitcoin Is a Ponzi Scheme with David Heinemeier Hansson - Duration: 52:52. Make More ...