For anybody wondering what is going on with $CANCER live stream… my life was saved for whole 24 hours untill someone tuned in my stream and got me to download verified game on
Steam
After this I was drained for over 32,000$ USD of my creator fees earned on pumpdotfun and everything quickly changed.
I can’t breathe, I can’t think, im completely lost on what is going to happen next, can’t shake the feeling that it is my fault that I might end up on street again or not have anything to eat in few days… my heart wants to jump out of my mouth and it hurts.
I won’t rewatch this myself but I have added a clip from the stream after I noticed what has happened.
also I have succesfully (CTOed) my creator rewards and they have been redirected to safe device.
Yesterday a video game streamer named rastalandTV inadvertently livestreamed themselves being a victim of a cryptodraining campaign.
This particular spearphishing campaign is extraordinarily heinous because RastaLand is suffering from Stage-4 Sarcoma and is actively seeking donations for their cancer treatment. They lost $30,000 of the money which was designated for their cancer treatment. In the steam clip their friend tries to console them while they cry out, “I am broken now.”
They were contacted by an unknown person who requested they play their video game demo (downloadable from Steam). In exchange for RastaLand playing their video game demo on stream, they would financially compensate them.
Unfortunately, the Steam game was actually a cryptodrainer masquerading as a legitimate video game.
Isnt the difference that money is valued against something tangible. Like gold, oil or data. The strength of a countries currency is based on how much of these things it has.
Whereas crypto isn’t valued against anything other than thoughts and prayers. If people think it has value then it has value. Until people no longer think it does, at which point it tanks and you are no longer rich. It’s the same as those NFTs.
Sure you can make money in crypto, you can exchange it for traditional money if you play the game well. But that doesnt mean crypto has any inherent value.
Most currencies today are fiat currency. They only got value because they are the official currency of a nation and their government says so and people have the belief it has value. The US dollar used to be backed by gold but was stopped in the 70’s.
1 USD is worth 1 USD because you can pay 1 USD of taxes.
It is backed by political promises, oil, weapons and war.
This can’t end well.
Crypto means cryptography. Cryptocurrencies are a variety of things from stablecoin (digital token backed by fiat money often by a private company ), company shares, community projects, scams, scams, ponzi, scams, cool technical experiments and technically bad experiment.
In the other hand there is Bitcoin (and Monero to some extent) that is owned by humanity, no foundation, no company, no state. It is backed by a proof of past energy brining the most innovative security system in the history of IT, not based on restricted access and opacity but by economical incentive to play fair with others in a big game theory peer-to-peer network.
Bitcoin is not the money of the internet. It’s the internet of money.
in that case money itself is tangible and can be valued against itself. You are confusing exchange value and use value. Money has an exchange value, so does gold, oil or any other commodity. But unlike money they also have a use value.
Trust and regulations that are lacking in crypto make it what it is. If a collective of people are willing to offer something in exchange for something else, even just because it is a crowdsourced confidence scam, it doesn’t really ethically exonerate what you are supporting. Every person who participates in crypto is also holding up its underground international market. It was bad enough under normal markets, but the difference is between night and day with crypto. Crypto is far too easy to turn into a bunch of excuses and anonymous pseudonyms.
Only because the trade power of US dollars is like 10000madeupbagillionzillioninternetnumber0000 order of magnitude more. Talk in fractions. Preferably in not also made up ones. I know, I know, crypto habits die hard.
Trust and regulations that are lacking in crypto make it what it is. If a collective of people are willing to offer something in exchange for something else, even just because it is a crowdsourced confidence scam, it doesn’t really ethically exonerate what you are supporting. Every person who participates in crypto is also holding up its underground international market. It was bad enough under normal markets, but the difference is between night and day with crypto. Crypto is far too easy to turn into a bunch of excuses and anonymous pseudonyms.
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If a collective of people say its worth something then it’s worth something. That’s literally what money is and how it works
Isnt the difference that money is valued against something tangible. Like gold, oil or data. The strength of a countries currency is based on how much of these things it has.
Whereas crypto isn’t valued against anything other than thoughts and prayers. If people think it has value then it has value. Until people no longer think it does, at which point it tanks and you are no longer rich. It’s the same as those NFTs.
Sure you can make money in crypto, you can exchange it for traditional money if you play the game well. But that doesnt mean crypto has any inherent value.
Most currencies today are fiat currency. They only got value because they are the official currency of a nation and their government says so and people have the belief it has value. The US dollar used to be backed by gold but was stopped in the 70’s.
The USD is backed only by the “full faith and credit of the United States government”. Nothing tangible whatsoever. It’s fiat.
1 USD is worth 1 USD because you can pay 1 USD of taxes. It is backed by political promises, oil, weapons and war. This can’t end well.
Crypto means cryptography. Cryptocurrencies are a variety of things from stablecoin (digital token backed by fiat money often by a private company ), company shares, community projects, scams, scams, ponzi, scams, cool technical experiments and technically bad experiment. In the other hand there is Bitcoin (and Monero to some extent) that is owned by humanity, no foundation, no company, no state. It is backed by a proof of past energy brining the most innovative security system in the history of IT, not based on restricted access and opacity but by economical incentive to play fair with others in a big game theory peer-to-peer network.
Andreas Antonopoulos
in that case money itself is tangible and can be valued against itself. You are confusing exchange value and use value. Money has an exchange value, so does gold, oil or any other commodity. But unlike money they also have a use value.
No. It used to be fixed against a physical asset but it hasn’t been for a long time now.
Trust and regulations that are lacking in crypto make it what it is. If a collective of people are willing to offer something in exchange for something else, even just because it is a crowdsourced confidence scam, it doesn’t really ethically exonerate what you are supporting. Every person who participates in crypto is also holding up its underground international market. It was bad enough under normal markets, but the difference is between night and day with crypto. Crypto is far too easy to turn into a bunch of excuses and anonymous pseudonyms.
Do you realize the scale of illicit trade in us dollars is like 10 orders of magnitude more than crypto?
Only because the trade power of US dollars is like 10000madeupbagillionzillioninternetnumber0000 order of magnitude more. Talk in fractions. Preferably in not also made up ones. I know, I know, crypto habits die hard.
I do realize that, so tell me again what the point of your original statement was?
I honestly don’t even know what to say to that
Have you even said thank you yet?
I meant I was stunned by your ignorance