And what did you learn today?
Cash App has serious problems. I am friends with people from all walks of life and what I learned today is shocking.
I take back what I said. Hindenberg is right. There are serious issues with Cash App and it is quite likely that management is in on it.
Bitcoiners should distance themselves from Cash App.
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m is doing Bitcoin a disservice.
I will not be attending Nostrasia.
Discussion
They are so scared of #Bitcoin
Scammers are using it very very easily for cashing out funds from hijacked accounts. Literal demonstration. Absurd. Unbelievable. I told the guy I'd pay him the amount he'd scammed if he returned it. He is a young fellow. And I have gotten him out of that business and into fixing up used cars now as he is mechanically inclined. Also introduced him to a friend that is a car dealer and we are getting the kid a car to fix up. Helping him get started. Hopefully we can save him from the wrong path.
I am not going to dox him publicly or ruin his life. He has returned the funds and won't be committing such crimes again. He is going into used cars with my help. I and a friend will be bankrolling him and keeping an eye on him. BUT he used cash app for over 300k worth of such transactions in the few years.
nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l is my favorite KYC-way to stack sats. I saw the report and skimmed it, but it seemed like the complaints were mostly that there wasn't enough KYC/AML and I'm perfectly fine with that.
I have ZERO qualms about KYC/AML I'm fact I am all for it. It helps hyperbitcoinization happen faster and it gives the government a smaller attack surface. They cannot stop Bitcoin but they can delay adoption. I also foresee a scenario where if Cashapp and Bitcoin become synonymous that can be used as a potential attack point. Like the story about the wolf and the Lamb:
A hungry Wolf one day saw a Lamb drinking at a stream, and wished to frame some plausible excuse for making him his prey. “What do you mean by muddling the water I am going to drink?” fiercely said he to the Lamb. “Pray forgive me,” meekly answered the Lamb; “I should be sorry in any way to displease you, but as the stream runs from you towards me, you will see that such cannot be the case.” “That’s all very well,” said the Wolf; “but you know you spoke ill of me behind my back a year ago.” “Nay, believe me,” replied the Lamb, “I was not then born.” “It must have been your brother then,” growled the Wolf. “It cannot have been, for I never had any,” answered the Lamb. “I know it was one of your lot,” rejoined the Wolf, “so make no more such idle excuses.” He then seized the poor Lamb, carried him off to the woods, and ate him.
I wish you wouldn’t keep talking about me as a mysterious shadowy figure, the press just turns that into a pirate currency angle. Maybe instead make it about the open source project and give more credit to your dev contributors; it helps motivate them.
That apple is doubling-down on fight mode...
https://www.theblock.co/post/234392/apple-damus-app-removal-warning
1. ignore -> 2. laugh -> 3. fight -> 4. win
Welcome to Stage 3...
GM. Unfortunately, just learned I (u/GM2112) was cut off my access to the r/Bitcoin feed, as it's now a private community.
Guess be informing myself more through nostr, as you all make it better and better over time. Thank you for this!
Welcome to the club.
A hungry Wolf one day saw a Lamb drinking at a stream, and wished to frame some plausible excuse for making him his prey. “What do you mean by muddling the water I am going to drink?” fiercely said he to the Lamb. “Pray forgive me,” meekly answered the Lamb; “I should be sorry in any way to displease you, but as the stream runs from you towards me, you will see that such cannot be the case.” “That’s all very well,” said the Wolf; “but you know you spoke ill of me behind my back a year ago.” “Nay, believe me,” replied the Lamb, “I was not then born.” “It must have been your brother then,” growled the Wolf. “It cannot have been, for I never had any,” answered the Lamb. “I know it was one of your lot,” rejoined the Wolf, “so make no more such idle excuses.” He then seized the poor Lamb, carried him off to the woods, and ate him.