Cryptocrash: ‘I was arrested for knocking on Luna boss's door'

https://www.bbc.co.uk/news/technology-61552030

by tomduncalf • 4 years ago

9 16 4 years ago

bbc.co.uk

jazzythom4• 4 years ago

How could they be surprised? It was so so so obvious crypto would crash. Did they think money pulled from the bright blue sky would get more and more valuable forever?. People that stupid can’t put on shoes. There must be some other dynamic. This is astounding to me. These people are so stupid. So stupid.

valdiorn• 4 years ago

Even very reasonable and intelligent people can get swept up in the bullshit when faced with a potential life-changing opportunity. Falling for a scam is not a sign of low intelligence, it's a sign of being easily trusting, or desperation to improve your situation. Scam artists know this, and the majority of crypto runs on the same principles.

jazzythom4• 4 years ago

You're wrong. Perhaps in denial. It certainly is a sign of low intelligence. Evolution has sorted the weak and is now drowning them. But I will agree it may be lack of a specific type of critical thinking. Perhaps religion bred a type of person vulnerable to bullshit and now that the environment has changed those with the mutation are no longer fit. There are many similarities between religious beliefs and the crypto-mania. Neither had a foundation in reality. Both appeared to be infectious and used peer groups to overrule an individuals critical cognitive processes. Both persecuted dissenters relentlessly. This is a similar phenomena

ProfXponent5• 4 years ago

glances at tech stocks

jazzythom4• 4 years ago

Maybe lead in the water has caused widespread brain damage

randomcarbloke• 4 years ago

I wanted to ask him what his plans were

Yes I'm sure you were well intentioned and his answer would have satisfied you.

basicplus2• 4 years ago

The sudden collapse of two popular digital coins in early May shocked investors and wiped $400bn (£318bn) from the value of many other cryptocurrencies, including the biggest, Bitcoin."

Should read...

"The sudden collapse of two popular digital coins in early May shocked investors and wiped $400bn (£318bn) from the price of many other cryptocurrencies, including the biggest, Bitcoin."

jfengel• 4 years ago

You might consider putting the relevant word in asterisks. It's not easy to tell what your phrasing is.

You are correct, though. The value of a digital currency is not well-defined. The price is. But the two are definitely not the same.

ProfXponent5• 4 years ago

Guy is receiving tons of death threats, I don’t see this as unreasonable in the least.

Do Kwon deserves to face consequences, and the evidence is definitely mounting against him.

unknownaccount• 4 years ago

Lol all he did was knock on the guys door. This is utterly ridiculous. South Korea is filled with these heavy handed and repressive laws. I don’t know why anybody even remotely considers it a free country.

ProfXponent5• 4 years ago

Do you consider the United States a free country?

Cryptocrash: ‘I was arrested for knocking on Luna boss's door'

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