More cryptocurrency fraud

You gotta be a real mark to give someone else your phone these days.

Giving someone your phone is the ultimate form of trust. Once you get a girl doing ut you can pretty much get her to do anything lulz

I'm wondering how you end up in a fake Uber. Like the guy drives up and says "are you waiting for an Uber" and you get in? Without checking in the app who is picking you up and when?

The tech is trivial for LE to put a notice in the Blockchain ledger of a prior criminal transaction. So recipients of the proceeds of the transaction would have to explain why they accepted it.

Isn't "cryptocurrency fraud" inherently redundant?

That's sad that people think cryptocurrency is inherently fraudulent, It's the first application of the Blockchain ledger. Blockchain does for contracts what the Internet did for communications. It reduces cost and interference by reducing dependence on third party facilitators.

The tulip bulb bubble in the 1600s didn't make tulips fraudulent. Speculating in crypto is just like speculating in gold, foreign currencies, undeveloped land, or any non productive asset. I think some people think, because Blockchain is a technological advance, speculating in crypto is like buying stock in Google or Apple. Nooot. If you don't have real expertise, or advice from an expert fiduciary, you're not investing your gambling.

ilbbaicnl- My remark was intended to be a joke. It may well be a useful commercial tool, but it lacks any of the earmarks of a viable investment. It has no fundamental traits that would cause it to respond reliably and predictably to economic events in the world at large. At least with currency arbitrage, you can try to anchor it to geopolitical events. It is gambling, pure and simple. As with all gambling, in the long run, the advantage goes to the House, at the expense of the punters who try to jump in and out

@Man crypto has pluses and minuses relative to other non productive assets. All transactions with crypto are visible to anyone on the Internet. So it would be easy to detect it if someone was trying to manipulate the value of a cryptocurrency. The anonimity of crypto is precarious. It would be hard to exchange crypto for real estate, a car, or a large amount of government backed currency without the seller knowing both your public key and your real name. You'd be lucky if the seller even waited for a subpoena before giving that info to the government, if it was "requested".