Per the comments, "It seems that people using this specific wallet getting drained quite often."
Perhaps there is a fundamental flaw to this sh*t that allows it to keep happening?
(And yes, $26 matters if it shows that someone can just drain "money" out of a "secure" account leaving no trace.)
...and didn't buy any bitcoin, thus further diluting MSTR. I've probably used the joke about wiping your ass with a hula-hoop too many times here, but really, what else describes it?
The irony is too strong.
I've used the analogy in an earlier comment so am repeating myself, but it just works too well for me. They move away from the mine that they see and step on another.
It seems a bit too easy to mine comedy godl to post here these days.
I'm losing track of the number of ways you can lose everything in crypto. Here is what I've come up with:
Did I miss anything? In any event, mainstream adoption is clearly just days away
Edit:
Final edit: There are a bunch more but I'm too tired to keep updating. I'm hoping that someday someone who is thinking of getting into crypto will stumble onto this list and seriously reconsider if it's a good idea to put their hard-earned savings into something that can so easily disappear.
More hacks this morning. I assume it's either wallet owners who thought that they were safe when the firmware update hit (they still have the original bad seed phrase) or the crypto "Warren Buffets" who threw it in a locked box and only checked on anything once a year at tax time.
Future of finance.
And certainly don't try to use it as a currency.
The top comment is of course "not your keys, not your coins."
I'm going to guess that the lesson that we learn from this is a bit different from the lesson that the OOP intended.
>Rosen Law firm is starting the investigation.
I wonder if Saylor's defense will be "It was so obviously a fraud that I can't be held liable for the stupidity of the people who bought into it."
BTC went below "$60k", MSTR went below $90, and STRC went below $80 within minutes of each other. Watch out for falling pyramid blocks.
Now that STRC is crashing, The Street has posted an article that says that a crypto analyst has determined that STRC may have the same rate-adjustment flaw that TerraUSD had.
Brilliant insight!! It's not like we recognized that flaw here the day it was created. Man, those analysts really earn their pay.
Some "experts" warn that Bitcoin is too reliant on ETFs and the MSTR narrative. Ya think?
Not sure why it required an "expert" to figure this out.
That's the title of this article on Business Standard. It's all a fascinating read about everything that is wrong with crypto, but my favorite nugget is
>Drift was forced to shut down and plans to relaunch itself after receiving an infusion of stablecoins from Tether.
The don't even try to hide that they print from air anymore.