Guy spends thousands of dollars on an obsolete token for the COSS exchange and gets a cold SFYL from COSS support
reddit.com/r/CossIO/comments/9vh9ue/lost_a_do...
reddit.comPosted Nov 10, 2018, 12:10 AM UTC
7757
reddit.comOuch, poor guy.
If anything, this is a great example for why widespread adoption is never going to happen. Can you imagine the headlines if some poor old grandmother gets swindled like this and some braying jackass said this?:
This is one of the costs of decentralization. You got greedy, like the people who bought into Bitconnect last year. At no point was the market price of COSS tokens that low, and you should have realized that there was no chance whatsoever that millions of COSS tokens could be for sale that cheap.
Or this?:
There are no backsies in crypto. Please be more careful in the future.
This would be completely unacceptable anywhere else. This type of behavior is only tolerated by the script kiddies, an caps, and Patrick Bateman wannabe psychopaths who control this space. And this is why I scoff when the Bitcoin ETP promoters insisted that this would be a good product for mainstream retail investors.
35
If anything crypto is great at discouraging its users. It's geared towards anti adoption. So many potential SFYL vectors.
20
They are very friendly and encouraging when you want to spend money, they just turn nasty and mean when you get hurt and lose money.
I guarantee you if someone had posted not to invest in crypto currency because it is filled with scams and there’s no way to recover from errors or fraud, they would have been accused of promoting Fear, Uncertainty, and Doubt. FUD is bad if it stops you from giving them money, but once you do and you lose it then you are mocked for not being fearful and doubtful enough.
3
This type of behavior is only tolerated by the script kiddies, an caps, and Patrick Bateman wannabe psychopaths who control this space.
Nah, it's only tolerated by them while it doesn't apply to them. Second any of those SFYL'ing guys loses money in a similar manner, he will instantly start asking for "backsies" and a way to "resolve this".
5
I meant more by the community / customer base as a whole. The person who got ripped off obviously gets upset, but they’re pretty much alone.
If you look at that thread, for example, pretty much everyone is on the side of the scammers.
Not a single person is sympathetic to the OP. One user compares his complaint to blaming Ford for you buying a lemon:
f I bought a used car that I did not research into it's condition and it turned out to be worthless, could I hold Ford accountable for this situation?
Another person says that it’s the OP’s fault for trusting a fraudulent exchange:
No reputable CEX is going to list the old COSS tokens. So there's no risk of fraud coming from a legitimate exchange.
Still another person even sticks up for the exchange (?!) that listed the fake/defunct coins for sale, saying it’s not their fault that they listed it:
How is it on the other exchange either?
Someone was trying their luck trying to dump junk and OP wanders in and buys it all .. just how is it the exchange's responsibility?
And my favorite advice — “oh, just go scam someone else to get your money back.”
SFYL. I guess your only option is to list it on that DEX or similar for the same price. Best of luck.
Again, this type of behavior would be unacceptable anywhere other than in crypto. If a regular business said or did any of this shit they would be pilloried in public opinion and likely hounded by regulators and the media, especially if their PR flacks were as tone-deaf and smug as this.
3
Even in crypto, which is full of people dreaming of getting rich quick, almost nobody is stupid enough to think that you will ever find an "arbitrage opportunity" with a price difference of a factor of over 100. The guy knew enough about crypto to use a decentralized exchange - that is, an exchange with no real person in charge, no central authority whatsoever, and on that exchange he found a deal that was far too good to be true. And, surprise, he got scammed. And then he wants a third party to give him his money back. That's not happening.
2
He couldn't loose!
1
A++
2
Be your own bank
1
I feel sorry for you, but:
There is nothing to resolve. We can't help you. You gave your money to scammers, same as if you'd sent your ETH straight to their wallet. There are no backsies in crypto. Please be more careful in the future.
BWAAAAAAAAAAA HAAAAAAAAAAA Haaaaaaaaa ..... my sides .......
Getting scammed and SFYL'd.
But it gets better:
Before you categorize me into the same level as someone who invested in BitConnect and have lost all their money, please know that I'm a new investor to COSS.
For any folks out there thinking of investing in crypto, please take 5 minutes out of your day and watch Carlos do his thing at the Bitconnect Conference:
https://www.youtube.com/watch?v=QKO6IChjojI
And if you still aren't clear: This applies to all cryptocurrencies. They are all scams.
23
Rule number 1: If something sounds too good to be true, it probably is.
Funny thing is that guy u/rhamni says this to the guy! Being too good to be true is like the number one motto of crypto! Oh look we can solve all these complicated problems and replace all these nuanced institutions with the special excel spreadsheet! Give us your money
All these guys telling each other they are going to get rich by doing absolutely nothing and having absolutely no talents or skills or work. And this scammer is saying 'if it sound too good to be true...'
That's fucking hilarious. How'd you get into scamming, u/rhamni ?
15
The guy thought he saw a token that normally sells for $0.1 on a different exchange for $0.0001. That's not an 'arbitrage opportunity', it's a letter from a Nigerian prince.
3†
Yea just like all coinz. They are the modern get rich quick pyramid scam. Have you figured that out yet? Or are you unintentionally scamming? Or just so greedy you have yourself convinced that coins that all claim to be magic bullet solutions aren't pyramid schemes?
What's this COSS coin suppose to do? Save starving 3rd world brown people? Track grapes?
10
There are certainly a lot of scams in crypto, in part because of a lack of regulations and in part because of greedy 'investors' not doing any research. Just look at all the idiots on twitter who fall for the "Send me 1 ETH and I will send you 10 ETH back!!!" spam.
There are definitely coins that are not useless, however. I think we both despise the electricity consumption of Bitcoin, but there are plenty of projects using other consensus mechanisms, and smart contracts + distributed time stamps that can't be faked do let you create trust in situations where that would normally be very difficult.
The COSS coin gives holders a share of the revenue of the Coss exchange, similar to stocks. It doesn't make any fancy promises about magic technology. If people use the exchange to trade it's worth money. If the exchange doesn't succeed, the token becomes worthless.
-7
I have been buying quality class A drugs for the last 4 years. Thanks to BTC I have been able to do this & have these lovely small professionally wrapped packages delivered directly to my door.
I do not consider BTC to be a scam, it allows me to fly under the radar (although there is a scary amount of info out their and I can trace all my history from the internet if I wanted to)
It is a the most popular currency amongst those of us who dabble in the odd bit of coke or meth & I do not see that changing.
What I will say is that BTC I think is probably worth $60. Its never going to take over the worlds transactions & I think there is a strong chance it will go the way of the worlds most dominant smart phone 2006 which had all the advantages of being the first and the industry leader.
If there is not a lot of demand for it and once it is realised that its not suited for the purpose of instant secure transactions then the price will gravitate to a point where the low level background demand the darkweb creates will dictate its value. $60 sounds about right and it has a nice ring to it.
6
Stay off the meth buddy.
11
Saying crypto is good for illegal shit isn't compelling. If the drugs you were buying were just legal I'm sure you wouldn't bother with all the crypto bullshit.
And obviously you use them for "good" purposes but having money for illegal shit is obviously bad for a stable first world society with all the amenities and safety that I enjoy living in. If you can use it for 'good' then other people can use it for 'bad'.
So I say, fuck you, you are shortsighted, this shit is bad and I hope it gets shutdown.
1
In my experience its usually the wankers judging everyone else and what they do that cause all the misery in this world.
If someone is doing something that harms nobody then I do not give a shit what they do behind closed doors, I have enough of my own things to worry about.
2†
What's that have to do with what I said? I got no problem with you doing drugs. But you are short sighted. If you can use it to buy drugs secretly, people can use it to human traffick secretly? Get it?
It's a bad idea
2
If crypto was only used for illegal trade then it would be trivially easy for LE to shut it down.
You would also be buying your crypto from the same people from whom you buy your drugs which is somewhat pointless.
1
Bitconnect provided valuable sounds for my PoE item filter so...
Yeah still a scam, but a scam that makes good sounds for my item drops.
1
Here is what happened - Maybe I researched too much
When doing your own research goes wrong
15
You already know you're dealing with a moron when they refer to uncritically reading shit on online message boards as 'research'.
You see the same shit with flat-earthers and anti-vaccers and all those idiots. They're like "I researched vaccine safety" - no you didn't! Nobody ever saw you in a laboratory doing experiments and shit, you just typed "vaccine danger" into Google, clicked the first link that conformed to your preexisting opinion and believed whatever it said!
It's a tacit admission that not only have they not done actual research, they don't know what actual research even is.
7
Yea you and u/mithorium are absolutely correct and probably something that u/rhamni this scammer from the OP link needs to learn.
DYOR is total bullshit. Research ain't Google searching and reading Reddit threads. Research would be meeting and already knowing people in the industry you plan on selling this product too. Flying out and meeting the coin team. Meeting the people. Research would be already having an understanding and ability in the industry you're planning on investing and competing in.
Like you said research involves a lab coat. If you want to roleplay as a venture capitalist you should be traveling to meet these people and getting market research and all kinds of shit that I don't know because I ain't a venture capitalist. You should probably already have years in the business before you even start on your own. Googling ain't research. That's a joke.
These people are so, so mind numbingly stupid.
1
I'm just.. amused? that they would claim they did "too much" research, when they didn't do enough research to even read the information from the project itself to figure out that there were two versions. Even if it wasn't a scam, that's like buying up a bunch of recalled products without reading the press releases from the company stating they were replacing a product. Laughable to pretend they did any "research"
1
All crypto is a scam so it's always laughable. I can't differentiate between this guy being any dumber than any butter. All seems the same to me ya know?
If anyone in there did enough research, they would be totally out of coinz and over here or moved on with their life.
1
1 COSS =1 COSS
I don't see the problem
12
At this moment, I feel extremely disheartened and lost a bit of faith in Cryptocurrency. I really hope I get this matter resolved in some way.
Just call your financial institution and ask for chargeba...oh wait, this is money of the future, SFYL.
6
Why do these people talk about how the 'feel' all the time? Wtf kinda shit is that? I know it's because crypto is built on 'faith' and 'belief' and irrationality, but you'd think they'd start to notice how many times they have to type 'feel' when talking about something that should be logical and rational.
0
bitcoin could absolutely be the currency of space
Snapshots:
- This Post - archive.org, megalodon.jp, removeddit.com, archive.is
5
yes because it's backed by a vacuum.
9
I read and researched about COSS. Because of the recent bump up in the market, I was even able to see some small gains after this prolonged bear market. I believe in COSS team, and COSS seems to be making great progresses lately.
Yeah see, that's the problem right there. If you look at pro crypto propaganda youtube video's and the teams' own whitepaper and then "invest" after you "did your own reserach"...yeah no that is goin to result in SFYL 100% of the time.
5
This is the exchange that keeps on SFYLing. I cross posted about them here a little while back for allowing brute force. I highly doubt that an exchange that doesn't seem to be capable of preventing Brute Force attacks on their customers 2FA is going to be able to help this guy who traded all his mEth for worthless tokens.
https://www.reddit.com/r/Buttcoin/comments/9re1me/bruteforce_sfyl_allowed_on_coss_exchange_11700000/
4
This is why I fucking despise libertarians/ crypto anarchist. They spew their libertarian ideologies, saying free market this and that, "be your own bank, fuck the establishment". But when things go bad, they expect someone to step in and help. This is the exact opposite of libertarian ideologies. To them, laws and regulations are bad if it negatively affects them, but if it benefits them, they are all for it.
I think most people were taught to not "bite the hand that feeds you". If you benefited from governments and regulations, then pay your god damn taxes like everyone else.
No. A libertarian is free to ask for help or advice. I’m not even libertarian but your argument is stupid. And there is no indication that OP is one either. Shut up
You are correct that ancap larpers don't have to fend for themselves without any help from anyone else. That's less libertarian, more Mad Max.
The funny thing libertarians usually do is demand the government to help them the moment someone else's Rational Self Interest turns out to be incompatible with their own.
Don't get me wrong I think libertarianism is dumb, though I can appreciate some limited government type arguments. But this post is just as dumb, egging a complete anon who could just as well be the greatest statist crypto has ever seen. But can't pass up the opportunity for a good strawman + stereotyping right? The circlejerk in here is just dumb. Dumbity dumb dumb
You fucking cuck. Enjoy your sad little life as a bottom feeder .
Projection I see.
Lol, wtf is wrong with you?
Boom roasted son
Hits a little close to home, eh?
tbf, I hold the same views and have a pretty good portfolio of products priced in actual money.
What were you trying to say here? I feel like you tried to make a point but didn't get there
Man, that's a good question I swear there was more to that comment when I replied.... either that or I hit reply on the wrong one?