Read on Twitter
I can see the mainstream media spinning the #twitterhack into a " #bitcoin 
https://abs.twimg.com/hashflags... draggable="false" alt=""> is bad" viewpoint. But let me ask you this: How much money (cash) is lost to traditional (non-bitcoin) scams? Answer: $232M in 2019.
thread (1/6) https://www.consumer.ftc.gov/blog/2020/01/top-frauds-2019">https://www.consumer.ftc.gov/blog/2020...
thread (1/6) https://www.consumer.ftc.gov/blog/2020/01/top-frauds-2019">https://www.consumer.ftc.gov/blog/2020...
A majority of this is lost through gift cards. And this is only counting the amount that was refunded by the FTC. There could be more that people aren& #39;t reporting. What do you think happens to these (non-bitcoin) scammers?
thread (2/6)
thread (2/6)
I can assume that the smaller scams do get away with it. But the larger ones *sometimes get away with it. Here is an example of a big world-wide phishing scam where all the alleged scammers got arrested:
thread (3/6) https://www.wired.com/story/email-scammer-global-takedown/">https://www.wired.com/story/ema...
thread (3/6) https://www.wired.com/story/email-scammer-global-takedown/">https://www.wired.com/story/ema...
One special thing about #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt="">, is that it is a public ledger. A benefit from this is that scams& #39; addresses are immediately flagged (depending on how much attention the scam gets) by the community and everyone is watching the stolen funds.
thread (4/6)
thread (4/6)
Twitter account like @whale_alert and online services like scam-alert exist exactly for that function of knowing when #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> scams are moving funds or publicly flagging $BTC addresses as linked to a scam.
thread (5/6)
https://scam-alert.io/ ">https://scam-alert.io/">...
thread (5/6)
https://scam-alert.io/ ">https://scam-alert.io/">...
Everyone needs to be educated on #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> scams because they are going to happen a lot more often in my lifetime and yours. This is the new normal, protect yourself and your accounts.
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end of thread
This was supposed to be tweeted from my main account: @jamiedubauskas but it appears I was shadow-banned despite not being verified
