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Topic: What I experienced since the past two days now (Read 448 times)

sr. member
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I am also not denying that scammers may have used bitcoin mixing services for clearing their trails still it is possible to track down in some way but privacy is someone's right and now governments are going after is a threat to everyone not just scammers.
I agree, what people need to understand is BTC and its privacy solutions are tools, just the way the internet is a tool, and people are going to use it both for good and bad. However we do not hear people asking for the internet to be banned, the way they want mixers and CoinJoin to be banned and for people not to use BTC privately. The sad part in all of this is that it is impossible to fight the government, so i don't think BTC privacy solutions will survive in a few years from now.

People who use these privacy tools with bad intentions will find an alternative solution sooner or later.

Just an example, an interesting thread = Crackdown on mixers and privacy tools is ineffective: it may even help criminals by d5000 which means still there are far more better options for the criminals than just using centralized experience.

Let's come to the topic, the government is supposed to chase the criminals, not the way they are using.
full member
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So, it is much better that you keep these things private and don't let anyone know about these things even if it's someone very close to you because you can't trust anyone in this world these days as you said.

I think it's human nature at least can't talk about it. but, I like your statement above, normally the secret must still be kept and kept secret, but if it is not confidential, open it wide, especially if BTC assets are already in large quantities.

For Idea storage aset As OP said, it is also good enough to store Bitcoin in hardware wallets only and when it needs to be reactivated. What does that is of course people who have bad ethics and disguise it as a legitimate transaction because previously if I am not mistaken, the platform is here to protect user privacy only.
sr. member
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Bitcoin, or cryptocurrency, is not bad; rather, it is only used as a front to scam victims. It seems that fiat is only used for bad purposes. The same goes with this we're talking about. It's not hard to understand, right?

There is only a problem when Bitcoin is used incorrectly, and the only people who usually do this are scammers or hackers. That's why we should be smart about what we see and interact with, because, just like you said, many people are pretentious.
sr. member
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Then, we can't blame the government and other people think that Bitcoin helps scammers and fraudsters. We can't blame the authorities for stopping mixers because they feel suspicious about their transactions and the loss of our privacy in the crypto space has gone due to these scammers.

These actions of scammers make crypto in general a tool for scamming, Bitcoin is not excluded. I'm not saying that is good to happen with the mixers but if people use this as a medium of illegal activities, it should be stopped because we are also affected especially if someone knows that you are a Bitcoin holder, they will also assume that you are a scammer.
full member
Activity: 952
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When some persons does not understand the rules and the regulation of Bitcoin the person will say that bitcoin is a scam but when you have understand the system of Bitcoin most especially investment method of it you will desist from people who said that bitcoin is a scam, bitcoin can be scam when you don't know about it but when you know about it you will be more rejoice for on bitcoin because it will yield positive for your investment
The notion that cryptocurrency is same as Bitcoin is wrong. Although, Bitcoin is cryptocurrency, but the point I want to highlight is that there are other crypto currencies apart from Bitcoin that scammers use to keep their stolen funds or launder their funds or create to steal unsuspecting investors funds thinking they are buying a promising token.
While there are those that use crypto to perpetuate crime, there are those for which it is the best thing that has happened to them and am one of them.

With this kind of story as told by OP, I maintain that cryptocurrency would be more regulated in the nearest future with upgrades on privacy and KYC features. This is so as to limit the criminal use of it and before it gets accepted, and am sure anyone who intends to Invest in it these days would have to be prepared to defend the source of income for investment or tell a convincing tale of how they earn their crypto or fill a due diligence form, unless they could have their coins seized or frozen.
hero member
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As you might have known, there are mixers that have been taken by FBI for a reason which can support money laundering by using mixers.
The U.S government make it seem like it is just a fight against money laundering, but i think they are also attacking BTC and its fungibility through all of this. Some of you think people should not use mixers if they do not have something to hide, but that is not true, everyone deserves privacy if they want it. The government is attacking BTC's privacy solutions because they want to know what everyone is doing with their coins anytime they move it.
That's true that it's not just about money laundering but also wanting to know about what people are doing. You are a bit out of topic because it is about OP's neighbor supporting mixers that's why he supported the use of mixer and explained why he supported mixers and why he would use it since mixers can help with your privacy. Well, OP's neighbor got caught so there's something that he might have missed and that's why he's caught and a great shock plus lesson for OP that trusting someone shouldn't be easy.
full member
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When some persons does not understand the rules and the regulation of Bitcoin the person will say that bitcoin is a scam but when you have understand the system of Bitcoin most especially investment method of it you will desist from people who said that bitcoin is a scam, bitcoin can be scam when you don't know about it but when you know about it you will be more rejoice for on bitcoin because it will yield positive for your investment
sr. member
Activity: 714
Merit: 353
Trust? If we speak about trusting someone when it comes to cryptocurrency, then we might end up trusting the wrong persons just like you did here. You are very lucky not to have been arrested along side him. Because some people would want to drag others along when the fall in this kind of situation. You should be mindful of whom you keep as friend or tell about you being a Bitcoiner.

Actually, when it comes to things like nobody should be trusted, things are happening now. You may think you told the safe person who will take out that information to another place, and you will see that you went and heard the information from another person, and from there, people will start knowing about you, thinking you are a scammer, or some can even conclude that you are a scammer.

And that’s why I'm into telling people that I’m into the cryptocurrency space like this, because the way you see that OP got luck and was not attested now, we never know what will come out of that his friend's mouth and that they may need him to come and talk about it, so it is better that we know who we keep as friends.
sr. member
Activity: 490
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Many people are criminals in disguise and they are ruining bitcoin name by scamming people using Bitcoin as if it is a safe pass to scam people for free and get away with it, so no wonder that the government hates Mixers and privacy in this space, who is to be blame if not for our people who are criminals in disguise?

The world can never be a better place for scammers because they see opportunity to swindle people their money when they get the chance but you are talking about Bitcoin because you see it and it's been discussed, do you know the magnitude of fiat scams that is happening every day? Do you know how terrorism is been funded with fiat? Do you know how many fiat that is been stolen under the government every day? You don't see them because the government doesn't report that to you.

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Not all Bitcoin investors are real investors, some are just hiding and pretending to be Bitcoin real investors, even if they are close to you, it doesn't mean they are clean, many good people want privacy and mixers to prevail but I wonder how when bad people are taking advantage of these features to steal from others.

Scam originated from fiat, a lot of people are scam from fake dating, money washing, fake investment and many more. Read the story of Hushpuooy, you will understand how that guy was able to scam people using fiat and guess what, government never caught him for once not until he started showing off his wealth on Instagram, if that was Bitcoin transaction, people would have know the source and the final place it was spent.
hero member
Activity: 994
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I am also not denying that scammers may have used bitcoin mixing services for clearing their trails still it is possible to track down in some way but privacy is someone's right and now governments are going after is a threat to everyone not just scammers.
I agree, what people need to understand is BTC and its privacy solutions are tools, just the way the internet is a tool, and people are going to use it both for good and bad. However we do not hear people asking for the internet to be banned, the way they want mixers and CoinJoin to be banned and for people not to use BTC privately. The sad part in all of this is that it is impossible to fight the government, so i don't think BTC privacy solutions will survive in a few years from now.
sr. member
Activity: 2520
Merit: 280
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Scam over the internet is not really a new topic, but what made you shock is that someone who thought that you knew turned out to be a scammer, I can't blame bitcoin for his activity, when there are times there is no Bitcoin by that time what people used for scam? The centralized banking system right?

I am also not denying that scammers may have used bitcoin mixing services for clearing their trails still it is possible to track down in some way but privacy is someone's right and now governments are going after is a threat to everyone not just scammers.
sr. member
Activity: 1708
Merit: 295
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The story from the OP made me realize that in cyberspace, there are also many people who change the concept of bitcoin to take advantage of people's trust to achieve their purposes.

Perhaps the legal issues in this field are really vague, causing many people to abuse it and exaggerate stories about making easy money, as well as not being subject to too much pressure from law enforcement agencies.

There are huge stories like the collapse of a certain exchange and leaving billions of dollars of investors unrecoverable, so the question is risk tolerance and also measures to prevent it for a clean environment. But honestly, everything will be very peaceful until a major incident appears, after all it is a part of life, where we discriminate against ourselves without relying on the core of equality, while those who are supposed to have the ability to gain our trust are never responsible enough to complete their work well. Perhaps through the lessons of fraud, we will have a more comprehensive view of the field and everything originates from each of us.
hero member
Activity: 910
Merit: 677
At least you come to know that in the same conditions no one can really be trusted even if its friends or family because each head can be different in terms of intentions and what we think is the right person and a good person can have a bigger secret that we don't want others to know so we can't fully trust people, especially for financial and bitcoin issues because things like what you have encountered can happen .

In addition its still fortunate that you are also not used as an accomplice by your neighbor because if that happens you could also be carried away now .We need to realize that for now when talking about bitcoin, everyone who is in bitcoin will definitely race to get as many assets as possible and not a few people do it in a dirty way where fraud or hackers are launched to benefit and it could be that it is also around us even our closest people because we do not know the secrets that others hide .
hero member
Activity: 994
Merit: 1089
As you might have known, there are mixers that have been taken by FBI for a reason which can support money laundering by using mixers.
The U.S government make it seem like it is just a fight against money laundering, but i think they are also attacking BTC and its fungibility through all of this. Some of you think people should not use mixers if they do not have something to hide, but that is not true, everyone deserves privacy if they want it. The government is attacking BTC's privacy solutions because they want to know what everyone is doing with their coins anytime they move it.
legendary
Activity: 3248
Merit: 1402
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Ouch, that's a very unfortunate story. It's good you didn't bring that person to school to talk about Bitcoin. We can't know everything about our neighbours, and people posing as Bitcoin investors can, unfortunately, sometimes be scammers.
It's good that he got caught, and I hope some action will be taken to punish him for stealing from others and, ideally, to compensate the victims.
I don't know about mixers, but I'm just indifferent to them. I've never used them, and I don't know people who used them, so it just doesn't affect my bubble.
legendary
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It is really hard to trust anyone one no matter if it is online or in real life.
And yes there are people who would use crypto or Bitcoin to scam because of its anonymity or being decentralized, but that doesn't mean that everyone is a scammer just like in mixer not everyone who use it is using it for money laundering, there are others who just like to keep their identity or crypto hidden, it will all depends on how we use it.
Trust is a big word that depicts a deeper meaning. That does not mean that because you like the person, you have to give your trust right away. That’s probably the mistake of majority since they all come to trust quickly those new people around just because they are nice and they share the same opinions and ideas with you.

When it comes to money, trust should be given last. That is to protect yourself from being scammed and steal all your money, and to avoid those bad guys coming into your life so they won’t have chances to deceive and mess up with your hard-earned money.
sr. member
Activity: 770
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To cut this story short, it turned out that my trusted neigboir whom I have few times vouched for to be a bitcoin investor is a online scammer who collect Bitcoin from his victims, until he was bursted 2 days ago, it was around 5am in the morning when the raid happened in our compound, I couldn't say anything about this since there is no concrete information about what he did yet until later.
The person is just your neighbor and you shouldn’t just trust him like that, I will tell you that if you ask most scammers what they are into, then they will tell you they are into bitcoin, but they are scammers, people like this are the once that makes people to think that bitcoin is only used for bad activities, don’t just believe people when they tell you they are trader’s or they are bitcoin investors, some of them are scammer.

I was so shocked because I don't look at him like this, I was still planning to go to a nearby secondary school with this neigbour of mine and teach students about bitcoin, I have already talked to their principal and he said he will give me a date when I can come.
I feel bad about this, but you shouldn’t be discouraged. Since your neighbor is no longer available, you should just go one to one to teach the children about bitcoin after the principal has given you a date to come. Don’t allow your neighbor being a scammer to discourage you from impacting the children.

hero member
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In this era of internet, trust has become a scarce commodity, because online activities are not done physically, so there's no way of knowing what your friends are really doing while holding their smart phones or staring at their computers, what you know is what they tell you. So we should really be careful how we trust people that we call our friends because they could have skeletons in their cupboards that we're not aware of, like the friend in the OP.

Personally I'm very careful about the people that I discuss my Bitcoin investment with, because I've heard the story where a guy told his friends about the value of Bitcoin that he had, that same day armed robbers visited him, they probably forced him to give them his seed phrase, I don't know.
The more this era gets more digital, the more we should be careful not to trust anyone easily. People can be deceiving with their looks and intentions, so if you are weak and quite ignorant as well, you will definitely fall on their traps. But if they have seen your smart and wise, then it will be hard for them to realize their goals.

Most especially when bitcoin is the topmost concern. People can act as if they’re interested and want to learn all about bitcoin as much as they can, but what we don’t know is that it’s already part of their plan, gaining our trust so we won’t play hard to get whenever they will put their plans into action.
legendary
Activity: 3010
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In this era of internet, trust has become a scarce commodity, because online activities are not done physically, so there's no way of knowing what your friends are really doing while holding their smart phones or staring at their computers, what you know is what they tell you. So we should really be careful how we trust people that we call our friends because they could have skeletons in their cupboards that we're not aware of, like the friend in the OP.

True that, not only people we meet online, even a close friend can betray us when it comes to money matters.  So it is very important to keep our financial capabilities hidden so that we can avoid people who have ill intention and greedy for money.

About @OP's story, I do not think that mixers have something to do with his scammer friend.  Good and bad people use mixers and other privacy services.  Good people have their own reason in using such a service and those bad people have their own reason too.  I do not think it is correct to generalize the mixer users as people hiding bad things.

@OP your friend will scam people since it is his nature so it does not matter whether the mixing service is available or not, your friend will still scam people.

legendary
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I was so shocked because I don't look at him like this, I was still planning to go to a nearby secondary school with this neigbour of mine and teach students about bitcoin, I have already talked to their principal and he said he will give me a date when I can come.

Honestly, I consider the majority of those who go to schools or organize seminars, or even online schools to educate beginners about Bitcoin and cryptocurrencies to be scammers at some point. I heard parts of such stories a couple of times and was appalled at how superficially everything is presented.
I guess you learned your lesson and that just because you know something more about the whole thing doesn't mean you should go somewhere and preach about it. You had a scammer right beside you without knowing it.
Otherwise, not everyone with a wallet and some satoshis in it is an investor.
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