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19:42
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A: I was approached to invest in short-term Blockchain node transactions. Is this scam?

Grade 'Eh' BaconAll crypto is (subjectively) a scam, given that there is no external valuation metric, leaving the value purely based on 'future sales' ie: how long the hype train will last. More to the point - anyone approaching you about 'novel' crypto ideas is (with 99.99+% probability) a scammer. The field i...

Thanks for the answer. The conversation did continue and then that person (a lady) told me to open account at coincap . cyou any of you are familiar with this one ? Not easy to find any reviews or that
@b.lopes being told to use a specific site/company is another one to the growing list of red flags. Of course scammers want you to use their system, how else can they lie to you?
The most obvious reason why this is a scam is they're asking you for money. If I found a sure-fire way to make money, why would I tell anyone? I will go get as many loans as possible, max out all my CC, and become rich.
+1 for the first sentence alone.
Not all crypto is a scam, but much of cryptocurrencies are. Cryptography, cryptocommunism, cryptograms, cryptosaurus, or cryptotype is not a scam. Maybe cryptogyny is.
19:42
The crypto issue is totally irrelevant. The team running the scam has a list of baits ("My phone isn't working, can you send a new one?" "Crypto riches!" "Oil lease on my land but I don't have the cash" "Need a small deposit to take advantage of..." etc. Using standard pro telemarketer techniques, they use extensive A/B testing to see which bait is working best. Similarly, they have a set of personas ("Poor girl from rich family" "I made a Bentley in Florida in 3 months" "Sick girl" "Fiancé died now I want a secure older man" etc.) which they carefully A/B test ..
.. in general it's just the usual "sugar baby" type scam. (Humorously, most of the "women" on the team would be ancient worn out decrepit fat male bums with no life trying to make $3 an hour.) The specific bait or persona used on this line in the databse (ie "b.lopes") is totally irrelevant, @b.lopes
Also @b.lopes you now have a percentage against you in a database regarding how likely a target you are. (Probably like "30%" since, incredibly, you seemed to go along with it for so long, but finally gave up.) Because of this you will now for the rest of your life get an excess of spam emails etc. They will be tailored to you based on your behavior in this event.
What OP posted clearly is a scam but one can buy some bitcoin from a legitimate site and sell them later at a different price. This is similar to buying and seling say rare collectible stamps. Both only have any value in the sense that people are willing to pay for it. Whether this counts as investment is very debatable, it is most certainly high risk. But it is not necessarily a scam just because it involves bitcoin.
For example @b.lopes there are targets (like you) that are attracted to the absurd "photo of my Ferrari" approach. Other targets are attracted to the "I like older men and need support" approach. Other targets are attracted to the "unique urgent opportunity" approach. And so on. You've now marked yourself (forever) as in the "believes photos of Ferraris" category; from here on you will get that particular bait approach! Of course, just tap "delete" and no issue. I for example somehow got in the "likes poor hot college students" category; I constantly get that sort of scam.
@quarague the whole issue has absolutely no connection to bitcoin. If someone posted on here "I got an email from a Nigerian prince ..." and we then had an extensive discussion about the geography and history of Nigeria, that would be utterly misguided. The folks writing the scripts for the scam teams don't even know what the word bitcoin means, no more than they know where Miami is or what a "Bentley" is. It's just words.
BTW note that "AI" is the new hot script. (As of writing.) Replace "crypto opportunity" with "AI opportunity" ...
"All crypto is (subjectively) a scam, ..., leaving the value purely based on 'future sales'" - I'm sure people trading goats and potatoes said the same thing about gold. And people using gold coins said the same about paper money. The same applies more or less to stocks. All those things have little to no intrinsic value; their value is purely based on the assumption that others will value them tomorrow for the same reason that you value them today. Yes, crypto currencies are popular vehicles for scams, and this absolutely sounds like one. But no, not "all crypto" is a scam.
@marcelm Do you honestly believe that a stock, which is legal representation to the right of a proportion of future earnings of a company, has the same inherent value as BTC?
All crypto is a scam in the sense that all currencies are a scam: true, but not really helpful.
19:42
@user253751 Fiat currencies are backed by the governmental powers to enforce the collection of taxes. Try again.
@Grade'Eh'Bacon that isn't how currency backing works
+1. Though to your last point on not needing outside "investments" due to the greatness of the returns, the scammer mentioned that these are relatively rare occurrences, in which case it would make sense to make the most out of each (if it weren't a scam, that is)
@user253751 that's exactly how it works. People trust USD because the US government pays its debts, which in turn is because it can collect its taxes and enforce its laws.
@marcelm Not only is all crypto a scam, But it is also terrible for the environment... I think crypto related activities consume something on the order of 150 terawatts of power a year to do nothing...
@Grade'Eh'Bacon "Do you honestly believe that a stock, which is legal representation to the right of a proportion of future earnings of a company, ..." - Dividend stock, I'll grant you, is different. But most stocks don't pay dividends. The only reason people buy and sell those stocks is not because of some intrinsic worth, but because they expect others will pay more for it in the future. That's it. Yes, theoretically stock represents a share in a company, but that is not a property that's actually used in reality.
@Grade'Eh'Bacon "Fiat currencies are backed by the governmental powers to enforce the collection of taxes." - And yet, sometimes a currency succumbs to hyperinflation, to the point the bills are worth less than toilet paper. So its value is reduced to the intrinsic value of the paper the money is printed on, and all the imaginary value is lost. Which is my point: regular currencies only have value because enough people agree it does. Exactly like cryptocurrencies. And, mostly, stocks and gold. (gold had intrinsic value, but it's much smaller than market price)
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@marcelm Wrong. Hyperinflation is ultimately a reflection of governmental collapse. "Value because enough people agree" undersells the fact that failing to pay your taxes as punitive consequences. Did the Weimar Republic have sufficient societal confidence to retain value of its currency? No. Does the US today? Yes. If USD fails, BTC will already be dust.
Now, I'm not saying Bitcoin is as safe as say the US Dollar or the Euro. The world has a lot of trust in those two currencies, and the odds of them failing is currently essentially zero. Cryptocurrencies on the other hand are a hilariously young phenomenon. They are mostly unregulated, very volatile, barely accepted as payment, and no one knows what'll happen long term. But just because you don't believe in the concept, or because buying crypto is a risky investment, does not make generally accepted cryptocurrencies like Bitcoin and Ethereum scams.
20:26
You now: "Now, I'm not saying Bitcoin is as safe as say the US Dollar or the Euro" vs you 20 minutes ago: "regular currencies only have value because enough people agree it does. Exactly like cryptocurrencies." I really think you need to come to terms with whether the rhetoric you have adopted from crypto communities has led you to spread messaging more optimistic about crypto than you actually believe is true.

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