Quote from: coininvestor on January 04, 2018, 09:31:31 PM

Most of us have invested hard earned fiat money and time into trying to make gains in Crypto. The recent price spikes have validated our enthusiasm for crypto. We trade, invest long term, stake our coins, study, and wait. What is really going on here?

The entire crypto universe is being driven by thieves. They steal coins from users and from exchanges. Apparently there is nothing that can be done. They are free to have their way and there is no limit to what they won't do. That sounds a lot like taxation. Criminals are driving crypto, and by investing in crypto, time and energy, you are helping make rich, people who would steal everything you have and leave you to die in the street. How many billions in Crypto have been stolen? The thieves just stake and hold our coins, that they stole, and you still use the coin paying the network fees that go right back to the thieves that took your coins.

You want sovereign money. The last thing you want is money that is in a network. Network money is a really bad idea. You will be robbed and then you will turn around and feed the ones who robbed you in the first place. It's not right. At least with fiat there are rules. There are no rules in Crypto, and by the time rules ever do get put in place, if ever, the criminals will be at the top.

The scum rises to the top and all the idiots feed the filthy greedy children, that can't just invest in a good coin like everybody else. Their mantra is "Me Me ME!!!"

Just because you CAN hack someone's computer and steal their passphrase, doesn't mean that you should. But apparently their are no repercussions, no laws, no rules, no honorable men, so the jackasses continue with their malware and trojans and you know what? Fuck it. I'm out. I would rather have fiat in a real bank than this bull shit.

These were my coins. ARDOR-HKCS-V6N8-FH7T-A3SLF Worth about a quarter of a million dollars on the day they were stolen by someone who hates his fellow crypto users. He probably thinks he is real smart. He will sit there and stake my coins and you idiots will reward his behavior by using this coin and giving his coin value.

This jerk still has a chance to return the coins to their rightful owner, but why would he? Does a piece of dog shit not stink? Once you say goodbye to a conscience, it's gone forever. There is no turning back. You can go about your life thinking pretty highly of your self. But the world knows the truth.

I heard the news lately that Hackers steal $530M from Japanese crypto exchange (search google news), and man, that was a history. This is one of my reasons why I have some trust issues in investing in cryptocurrency. They say that no system is safe so we know what that means, every single platform and exchanges can be hacked. (at least they will try to refund what they have lost).
I have some experience on ICO that after the main sale, they just run like 1000 miles/hour and I don't even hear a thing about the developers.
They promised you heaven but they put you to hell. (like in the lyrics of Bon Jovi's song).
Remember the thoughts of theymos in the last USDT hacked?

Quote from: theymos on November 21, 2017, 08:57:47 AM

I've been looking into USDT a fair bit recently, and it really stinks. At this point I would be a bit surprised if it's not some kind of scam. A lot of the USDT deposits may be legit, but let's assume for a moment the worst case: USDT was created as a scam from the start, and has been slowly leeching BTC from USDT-supporting exchanges; almost none of the $600 million in USDT is from real deposits, but was printed from thin air. If we assume that hypothetical, then what would the effect on the Bitcoin price be?

I suppose that it would be a big negative force, but not as bad as some might fear. Although USDT-supporting exchanges have a lot of volume, I think that there's vastly more money on regulated exchanges like GDAX, and arbitrage between the two won't be possible if USDT is illusory. So maybe a 15-20% drop in price and recovery over several months, assuming a total instantaneous USDT collapse? Thoughts on this?

I also suppose that altcoins would be hit far harder, since they are almost exclusively traded on USDT-supporting exchanges.

I think that someone or some group has been trying to manipulate the BTC price by spamming these worries on various social media over the last couple of weeks, which has created some natural pushback against the idea. But that doesn't make the idea false. One speculative (IMO plausible) timeline for recent events is:

1. USDT is printed out of thin air over a long period of time, and there's grumbling about it constantly, but nobody really does anything.
2. Someone looking to affect the BTC price grasps onto the above issue and spams social media about it. Eg. "Check out what this one guy says will crash Bitcoin to $0.01, you won't believe what this company did!".
3. Due to the spam, a USDT bank run starts, but USDT runs out of actual money.
4. To buy time, USDT creates the "theft transaction" as an inside job. This creates an excellent and essentially irrefutable excuse for stopping further withdrawals.

Man, we need to be extra, ultra more careful in what we are doing out here. Huh