One of the stupidest scams since the Tulip Bulb mania hundreds of years ago is the fake money, ‘Bitcoin’ and other scams that rely on computer generated data to make ‘money’ appear out of thin air without even a scrap of paper or any realistic backing of this scam. Well, all the crud is rising to the top now with the news that a shady character in Eastern Europe who runs a bitcoin scam business was ‘kidnapped’ yesterday and if anyone thinks this stupid business is ‘secure’ they are nuts. It isn’t even slightly secured.
If the kidnapping is real and not a scam and I am betting it is a scam, then the only thing the kidnappers can do with any fake money is quickly convert it to real money but if that happens, this makes bitcoins less rare and thus, less valuable. Its value is based on never circulating, not like real government money which must circulate.
This negative flow system depends on users buying and holding, not spending. It is very anti-social and even hostile to economic systems since it is all about hoarding. All societies vacillate between degrading the value of money as it circulates when it isn’t backed by economic values or hoarding when everyone hides the value base systems like say, gold.
During the Middle Ages, for example, all money circulating would eventually end up in the Papal Palaces in vast hoards. The Church was the dead zone, the final destination of gold and the only way to fix this was to have an invasion, besiege the huge castles where the Church hoarded the gold and then spend it like Henry the VIII did.
Being a “Bitcoin Billionaire” just got a bit more complicated after reports surfaced that the CEO of EXMO, a UK-based Bitcoin exchange, was kidnapped in Kiev. According to The Telegraph, Pavel Lerner (40) was pulled into a black Mercedes Benz by a group of armed men wearing ski masks as he left his office in the Obolon district of Kiev on December 26.
This could be staged or it could be real. Kiev is run by the Ukrainian Mob which is why they are at war with Putin. There was a coup there and it could be the government itself that did this snatch and grab, looking for some Black Money to use because the government is going bankrupt.
Adding to the intrigue of the abduction, EXMO’s website suffered a DDOS attack this morning, which knocked trading temporarily offline, just as news of the kidnapping begin to draw public attention.
This is a great fingerprint of the government in Kiev.
Following the news of Lerner’s disappearance, EXMO issued a statement requesting “any information regarding his whereabouts” and assuring customers that he could not be ‘convinced’ to give up their Bitcoin or personal data stored on the exchange.”Any information regarding his whereabouts is very much appreciated.
HAHAHA. Right, being tortured by men who were trained by former communist bosses…the ‘bitcoin’ is a joke and the people who believe in this stupidity are stupid. Even I know how to torture someone until they reveal where their hidden toys are…just make him go outside today, naked. It is below zero right now and the high today will be 4 F.
Despite the situation, the exchange is working as usual. We also want to stress that nature of Pavel’s job at EXMO doesn’t assume access either to storages or any personal data of users. All users funds are absolutely safe.”
HAHAHA…again. Boy, talk about stupid. The entire business is stupid so they think their marks who are conned are easily conned with obvious lies. Hope springs ever eternal with fools. Nothing is ‘safe’ when it is ON COMPUTERS. Ever! The #1 target of attacks are computers. This is the Achille’s heel of all systems dependent on computers and as time passes, more and more systems are run by computers that are vulnerable.
This video shows how delusional the fools playing this game are…they think they are so very clever! Because of this, they make silly choices that look obvious to me but not to them. All the hoarders of this fake money better be really scared now, they drove this fad to great heights and now it is going in great heists! Duh! Everyone wants to raid this out of control freight train scam business.
Here is the website that is this clown’s rip off business: EXMO.com | Cryptocurrency Exchange. Buy and Sell BTC, ETH, DOGE, LTC
They falsely claim to be the most secure bitcoin stash, ever. And it isn’t even slightly secure!