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> the gaming site will reject the request and prompt the user to make a “verification deposit” of cryptocurrency — typically around $100 — before any money can
by tantalor 1y ago
> the gaming site will reject the request and prompt the user to make a “verification deposit” of cryptocurrency — typically around $100 — before any money can be distributed
This is called "advance fee" scam. It is hundreds of years old.
https://en.wikipedia.org/wiki/Advance-fee_scam https://en.wikipedia.org/wiki/Advance-fee_scam
- cyanydeez 1y agoWell, anyone who has $100 crypto bucks has already been scammed once.
- tantalor 1y agoA fool and his crypto are soon parted!
- BrenBarn 1y agoAnd even sooner joined!
- southernplaces7 1y agoBlatantly stupid takes like this little gem about crypto are part of the reason this site has become something of a joke for anything resembling a nuanced discussion about crypto, in both its cons and pros.
- cyanydeez 1y agoIf it quacks like an orange duck, it's a grift. Also, do you think anyone cares that this site has less crypto propaganda.
- southernplaces7 1y agoanother moronically flippant response, and no, discussing -on a "hacker" tech news site no less- the nuances of a unique technology that effectively works as a hack against the deeply controlled playing field of financial transactions, is not "propaganda". The sheer ignorance and dismissive naval gazing about crypto on this site is pathological among some, a sort of childish resentment that strays far from rational consideration.
- johnisgood 1y agoAnd it is not limited to crypto at all. > An advance-fee scam is a form of fraud and is a common scam. The scam works by promising the victim a large sum of money in return for a small upfront payment, which the fraudster claims will be used to obtain the large sum. I have encountered it many times during my life, long before crypto was a thing.