Read on Twitter
I can see the mainstream media spinning the #twitterhack into a " #bitcoin 
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
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
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'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/
thread (3/6) https://www.wired.com/story/email-scammer-global-takedown/
One special thing about #bitcoin , is that it is a public ledger. A benefit from this is that scams' 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)
, is that it is a public ledger. A benefit from this is that scams' 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)
Twitter account like @whale_alert and online services like scam-alert exist exactly for that function of knowing when #bitcoin scams are moving funds or publicly flagging $BTC addresses as linked to a scam.
thread (5/6)
https://scam-alert.io/
scams are moving funds or publicly flagging $BTC addresses as linked to a scam. thread (5/6)
https://scam-alert.io/
Everyone needs to be educated on #bitcoin 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.
end of thread
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.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
