Unperson_47 posted:

Does anyone remember when using IngDirect (an online-only bank) was a big thing? I remember reading about it on this forum. I always wonder if people using that ever got screwed over/robbed in some way.

Unperson_47 posted:

Does anyone remember when using IngDirect (an online-only bank) was a big thing? I remember reading about it on this forum. I always wonder if people using that ever got screwed over/robbed in some way.

Unperson_47 posted:

Does anyone remember when using IngDirect (an online-only bank) was a big thing? I remember reading about it on this forum. I always wonder if people using that ever got screwed over/robbed in some way.

CRUSTY MINGE posted:

I love these "I did my research/due diligence" posts. They should all be saying "I didn't read the agreement that said Celsius can have all my money when they lose a bet."

ranbo das posted:

Shifty Pony posted:

radio shack, etc brands have all been picked up by get rich quick grifters of various types

kw0134 posted:

Oh yeah, clearly the stuff that purport to be something besides itself are securities or securities adjacent (when's the stablecoin crackdown, you assholes). They've already missed the boat on ICOs so we'll see how far this new commitment to a facial reading of the statute leads them.

Blotto_Otter posted:

going back a couple of pages to this point - good thread here from a Georgetown law professor who points out that the SEC clearly applied the Howey test to all 9 of those coins/tokens in the Coinbase insider trading suit. This thread walks through it for one of the tokens, and then points out that for all the whining from Coinbase and certain CFTC commissioners, nobody has bothered to put forward any kind of coherent rebuttal to this application of the Howey test:

https://twitter.com/AdamLevitin/status/1550984952820416512

priznat posted:

That's a legit banking conglomerate from the Netherlands, in Canada they were fully insured like a regular bank. They just didn't have branches. They got bought by Scotiabank and then became Tangerine.

Unperson_47 posted:

Does anyone remember when using IngDirect (an online-only bank) was a big thing? I remember reading about it on this forum. I always wonder if people using that ever got screwed over/robbed in some way.

novamute posted:

This will never get old

https://twitter.com/masrama817/status/1550985242588200960

Foo Diddley posted:

seems legit

Foo Diddley posted:

seems legit

Agents are GO! posted:

Counterpoint: "well, we've already got three Democrats on the council. Time to nominate a DSA councilor."

Foo Diddley posted:

seems legit

Taco Duck posted:

Uhhh

https://mobile.twitter.com/molly0xFFF/status/1550949698491629568

AutismVaccine posted:

And everyone of them deserved what they got.

Salt Fish posted:

I mean it does highlight the difference between a dull dishwater dummy trying to beat the system and a real evil piece of poo poo running the scam.

Salt Fish posted:

Talking to a coworker about their bitcoin investments and they explain casually "well this was before you had to pay taxes on crypto of course".

quote:

I'm an idiot and I sent ETH to a general address owned by Coinbase instead of my individual CB account. Any chance of recovery?

I wanted to test how transactions work so I sent a small amount of ETH (minus fees) from my Coinbase account to another wallet I created. Then I returned the transaction with the intent to have it back in CB. I immediately realized I'm an idiot and I wasn't supposed to do that, since it's been sent to one of general Coinbase addresses instead of my own Coinbase account. I know it's not a huge sum, but is there any chance to recover it?

quote:

yeah it's one of hot wallets owned by Coinbase but I'm not holding my breath. Oh well, it was not a lot. I sent a ticket to their support but if that doesn't work, I guess I'll just assume it's lost. I hope they have a nice pizza for that amount.

quote:

We're sorry to hear about this

We understand that situations like this can be really frustrating. When sending or receiving cryptocurrency, if you don't select the correct network, your funds will be lost. You can find more information about this here: https://help.coinbase.com/en/coinbase/trading-and-funding/cryptocurrency-trading-pairs/how-to-send-and-receive-cryptocurrency

If you reach out to our team here: https://help.coinbase.com/en/contact-us they will look into this as soon as possible, and will be happy to help you if at all possible. This will also create a case and a case number.

When you have a case number, get back to us here with it, so we can take a closer look.

Thank you!

coolusername posted:

Can you imagine accidentally transferring your bank money to the bank itself in an error, and just going 'Wow I hope they can buy pizza' when told the bank will not return it? If you can, coinbase is for you!

buglord posted:

This thread taught me that margin trading and margin calling was a thing and god the thought of me being in that position makes me feel ill. Being not just broke but also newly, deeply indebted like these fools would likely make me stress barf

Unperson_47 posted:

Does anyone remember when using IngDirect (an online-only bank) was a big thing? I remember reading about it on this forum. I always wonder if people using that ever got screwed over/robbed in some way.

DickParasite posted:

The most I could lose on an investment is whatever I pay for it whereas the most I could gain from it is infinity therefor

shame on an IGA posted:

you don't have to imagine, they livestream it from their car.

https://youtu.be/NpsOmeFy0Lo

snotball007 posted:

You really don't understand much at all about the ecosystem. Let me share my knowledge, as I do enjoy using Flexa for poo poo (stablecoins 90% of the time because tax reasons). Also, congrats on giving me the motivation to come back to the forums just for this.

1) CRYPTO PAYMENTS ARE INSTANT THROUGH FLEXA! No confirmation times. That's because it uses $AMP as it's collateral token. (whitepaper and audits here: https://docs.amptoken.org/ )

So, when you go to a merchant that accepts Flexa (Chipotle in this case), you select the crypto you want to use and what merchant. Flexa generates a temporary "Flexcode" (i.e. "gift card"), have merchant scan the code, and done.

Yes, it's still new and real businesses take time to adapt, so at Chipotle I have to say "I want to pay with a gift card" for the cashier to select the gift card option. While places like Dunkin Donuts just go straight through. And there's always the possibility that the store location has outdated PoS hardware or you just don't have cell reception in the store. (Use free wifi at locations if you feel like opening yourself up to that security risk in general.)

Here are videos of me spending at both Chipotle https://twitter.com/LeviTheGiant/status/1533535289146327047 and at Dunkin Donuts https://twitter.com/LeviTheGiant/status/1528087264114401282

2) Flexa isn't taking on all the risk, that's what the staking pools exist. Remember when I stated that "CRYPTO PAYMENTS ARE INSTANT THROUGH FLEXA" part?

So, if you bothered to read the AMP token whitepaper (I don't blame you for not reading it, it's not that entertaining and a thicc boi), you'd know that the entire network operates by a smart contract. When a flexcode is scanned, the PoS hardware/software (no new hardware required) ingests the information on the Flexcode, smart contract checks to see if that wallet has that amount of funds for that merchant. When it is a "Yes, there are funds", then the network allocates the fiat equivalent of the purchase ($ Burrito) in staked $AMP and the merchant fee (less than 1% of $ Burrito, $AMP in merchant fee purchased from open market) and "locks it up" while waiting for the transaction to settle on the blockchain.

IF there is a problem with settling the transaction on the blockchain, then the smart contract liquidates the "locked up" staked $AMP. And funds are then used to make the merchant whole. Aka, MERCHANTS NEVER HAVE TO WORRY ABOUT FAILED PAYMENT TRANSACTIONS WITH CRYPTO! Here's a video explaining it if the reader still can't comprehend it https://www.youtube.com/watch?v=TwV_SKLR-Uk

3) Team came from MIT and worked in the payments industry before finally figuring out the problem of crypto and payments in general. Yes, I verified and yes I did pull at least one team member's public record.

Notice how I said that "less than 1% merchant fee" bit earlier? Guess what... That all goes to the stakers. Stakers "earn all the fees" and AMP "is the glue that holds the Flexa Network together", those are the words of Tyler Spalding the "face" of Flexa. MIT grad (2011), worked for NASA/LM, and has been in Bitcoin since 2011, 6 months before his graduation from MIT. Oh, and they undercut VISA / MasterCard / Discover by a factor of 2-6x on fees, with a network that doesn't suffer from attacks (phishing, skimming) like current payment rails. And guess what? They are partnered and invested heavily in zkSync for zero knowledge rollups.

They've got a dozen pools up ("transformers") and even run quite a few Lightning Nodes in El Salvador (Flexa is how the largest financial institution in El Salvador accepts bitcoin payments). Here's where to stake and to see stats https://app.flexa.network/

4) Currently, only 2 wallets compatible but others have been announced by the actual projects involved (i.e. Solana Pay). The wallets are Spedn and Gemini...yes, that Gemini with the Winklevii.

So, if you are a Gemini user, what you do is open up the app and look at the top right hand corner right. It's the thing that looks like it's either a switch or a sideways credit card. That takes you to Flexa on Gemini. Select a wallet of which supported crypto you want to use from the drop down, then select a merchant. Same rules apply as before.

For Spedn, it's less obvious and I don't recommend it to new users. As it blatantly has a warning "not to deposit more than you are willing to spend" and telling people that they can't transfer funds out of it. Newer wallets won't have to worry about this, and honestly it's a non-issue for us who keep around $150 and less on Spedn at any given time.

5) You haven't heard of them before because crypto technology is just NOW getting ready for mass adoption (i.e. scaling, privacy, etc).

You see, the team is actually smart and not eating paste with crappy airdrops. They understand that the real world requires actual licensing and legitimacy. So they pooled in all their resources/connections and have partnerships with the major players in payments. NCR, Incomm Payments, GKSoftware, BlackHawk Network, etc. Turns out, it's actually smart to make your stuff work with other people's hardware/training/budget limitations.

It's getting more interesting this year. From filming a commercial to all expenses paid trips to Consensus 2022. Consensus 2022 is where Flexa will have a "Store of Value", one of many places at the conference where attendees can spend the new DESK loyalty token from CoinDesk (developed and made possible by Flexa).

Now, think about it, over 60% of the supply is staked to Flexa Capacity, they have yet to even lose $1 while operating, and the smart contract literally purchases tokens via the merchant fee. Oh, and they undercut Visa/MC along with offering far better security than any plastic card could offer.

Boywhiz88 posted:

https://twitter.com/AdamLevitin/status/1550985594444152834?s=20&t=BfNR9lRV8oIO4WndtvvKAQ

davecrazy posted:

Did he bet APPL would go down, but instead it went up?

Shifty Pony posted:

The main propaganda that the crypto evangelicals are immersed in is that everything even remotely related to crypto is new.

Crypto can't be a security because those already existed. A century old test can't apply because that's an old thing and crypto isn't.

LifeSunDeath posted:

And yet they keep copying every old scam in the book within their supposed new concept.