Celebrity Crypto Destroys Itself (Are you brave enough to get ripped off?)

[Nomis Elpmis]

8% cashback credit card back by crypto ponzi goes bust.

 

[the_shootist]

8% cashback credit card back by crypto ponzi goes bust.

Saw this yesterday. Doesn't this belong in the Good News thread? Celebrities are such whores, they'll support anything for a fee!

 

[nickndfl]

That was a racket. Somebody lost their ass big time.

 

[Buck]

i wonder how many of the worlds financial laws they violated

 

[newmisty]

Celebrity crypto....

God, take me NOW!

 

[Mujahideen]

Cro coin? lol.

Most of these are clearly a scam.

 

[newmisty]

Cro coin? lol.

Most of these are clearly a scam.

Cro coin sounds like a blister inducing sexually transmitted disease.

 

[ds_mustang]

A celebrity hawking a crypto is an immediate red flag.

 

[BeefJerky]

I still don't see any of these tokens being used anywhere that I shop regularly.

 

[newmisty]

A celebrity hawking a crypto is an immediate red flag.

When all of normie society is hyping "crypto", it's an immediate, blindingly large and bright red flag.

 

[Nomis Elpmis]

Pumped and dumped, but still #22 on: https://coinmarketcap.com/currencies/cronos/

 

[EO 11110]

8% cashback credit card back by crypto ponzi goes bust.

someone near and dear to me was playing around with those teaser high interest tricks. luckily his wife's transmission blew up - so he had to get out and pay for that

 

[chieftain]

This was being pushed very hard down here, obviously no takers as the ads have disappeared.

I can't find any other sources about its demise though.

 

[Mujahideen]

There isn’t really a crypto rating system. Not all crypto is ETH or BTC, some of it is just straight up ponzi.

 

[Stop Making Cents]

I can see some value in crypto in avoiding oppressive governments but I rate crypto slightly above the idiotic NFT market. A fake product that doens't actually exist. If the crypto market crashes 90% or more then i might scoop some up, but I'm just not interested in a fake coin.

 

[newmisty]

There isn’t really a crypto rating system. Not all crypto is ETH or BTC, some of it is just straight up ponzi.

I've got a crypto rating system

 

[newmisty]

Crypto = One world currency = crypto

 

[ds_mustang]

someone near and dear to me was playing around with those teaser high interest tricks. luckily his wife's transmission blew up - so he had to get out and pay for that

The rates just went down, it's not like anyone lost anything.

 

[ds_mustang]

There isn’t really a crypto rating system. Not all crypto is ETH or BTC, some of it is just straight up ponzi.

There are a number of crypto rating services. Weissratings is one off the top of my head.

 

[the_shootist]

Crypto seems to be tanking even more than metals.

https://twitter.com/i/web/status/1523817284246114304

 

[BeefJerky]

There isn’t really a crypto rating system. Not all crypto is ETH or BTC, some of it is just straight up ponzi.

What's the difference. It's all fabricated nothingness from what I see.

 

[Mujahideen]

What's the difference. It's all fabricated nothingness from what I see.

What do you expect a digital ledger to be?

 

[Nomis Elpmis]

Crypto seems to be tanking even more than metals.

https://twitter.com/i/web/status/1523817284246114304

UST is supposed to be a US dollar 'stable coin' and equal to $1. Currently it's worth 51 cents. UST is backed by LUNA which is currently imploding. LUNA was backed by Bitcoin BTC, so they had to liquidate BTC. BTC holds the whole market up, so when BTC sells off, it takes everything with it.

 

[Juristic Person]

Pumped and dumped, but still #22 on: https://coinmarketcap.com/currencies/cronos/

View attachment 258106

 

[Juristic Person]

How is a credit card a scam?

If you get the 8% cash back - great. If you don't, who cares? Don't use the card. You didn't invest anything anyway. Nothing gained, nothing lost.

 

[newmisty]

Crypto seems to be tanking even more than metals.

https://twitter.com/i/web/status/1523817284246114304

Gold: "Hold my beer"

 

[BeefJerky]

What do you expect a digital ledger to be?

A digital ledger. I can build one in Excel in 2 minutes. It's not worth anything.

 

[ds_mustang]

A digital ledger. I can build one in Excel in 2 minutes. It's not worth anything.

Crypto is a decentralized ledger, something thought to be impossible before Bitcoin. Centralized ledgers like Excel have been around for decades.

The potential of decentralized ledgers are already changing the world, and there's more to come.

 

[Nomis Elpmis]

How is a credit card a scam?

If you get the 8% cash back - great. If you don't, who cares? Don't use the card. You didn't invest anything anyway. Nothing gained, nothing lost.

You have to stake $400,000 in Cronos to get 8% cash back and other beni's. Was never sustainable. A real Ponzi.
Link: https://crypto.com/us/cards

 

[Juristic Person]

You have to stake $400,000 in Cronos to get 8% cash back and other beni's. Was never sustainable. A real Ponzi.
Link: https://crypto.com/us/cardsView attachment 258663

Hahaha! Idiots.

 

[Thecrensh]

it sucks because many average people are going to be hurt because they see the rich and famous and yearn for the opportunity to become the next "bitcoin billionaire" and get out of their crap existence. Of course...we all learn too late that we can't...the game is rigged against us.

 

[Mujahideen]

A digital ledger. I can build one in Excel in 2 minutes. It's not worth anything.

If it’s not worth anything then why does it have a sizable market cap and is used all around the world?

You gotta open your eyes a little.

I personally have no use for crypto, and some of these are ponzi, but I do see the usefulness in some of them.

 

[nickndfl]

It's used primarily for speculating and money laundering.

 

[BeefJerky]

If it’s not worth anything then why does it have a sizable market cap and is used all around the world?

You gotta open your eyes a little.

I personally have no use for crypto, and some of these are ponzi, but I do see the usefulness in some of them.

The only place I see it being used is on the coin dealer sites and you have to pay more if you want to use crypto to pay.

 

[newmisty]

It's used primarily for speculating and money laundering.

And keeping the biomass of "crypto" fever plebs that much more distracted from the ongoing war being waged against our Country.

Later, the entire world will have "gone crypto" and at that point, world wide centralized control of the population is nearly complete.

 

[ds_mustang]

And keeping the biomass of "crypto" fever plebs that much more distracted from the ongoing war being waged against our Country.

Later, the entire world will have "gone crypto" and at that point, world wide centralized control of the population is nearly complete.

Explain how we get centralized control from decentralized crypto? That one is a head-scratcher.

 

[newmisty]

Explain how we get centralized control from decentralized crypto? That one is a head-scratcher.

Gain control of one or all steps necessary in order to conduct an online transaction. This can be done at many levels.

 

[Mujahideen]

Gain control of one or all steps necessary in order to conduct an online transaction. This can be done at many levels.

What?? Explain some more please.

 

[newmisty]

What?? Explain some more please.

Think of the infrastructure in its entirety and then look for the choke points, the weak and vulnerable links in the chain.

 

[ds_mustang]

Gain control of one or all steps necessary in order to conduct an online transaction. This can be done at many levels.

A major design aspect of crypto is to make that impossible. Transactions are cryptographically signed by the crypto owner at one end (often by an external hardware device) and cannot be modified by anyone along the line.