Well, I created a Gemini account and am thinking of creating a business account as well to transfer money to my account. Can I just use it to transfer USDT coins to another wallet?
Domain Money appears to be a financial advisor / wealth manager. It doesn't appear to be cryptocentric. I agree with you, however, that it's bad form to advertise it. At a minimum of $79/month, that money would be better spent upon an index fund.
When the media goes hard in telling you someone is smart, that means they’re a corrupt, no talent scumbag who bribed them with money from scamming customers or exploiting workers. Elon musk, mark zuckeberg, SBF, winklevoss. All the same breed of morally bankrupt narcissists.
Let’s not forget Winkle twins claimed Gemini Earn had partners who were fully vetted by Gemini. But we find out it is simply funneling all the money to Genesis. They had no other partner and they didn’t any Due diligence.
They stated they had vetted partners which is Genesis. They should never have used the plural form and simply kept it as vetted a "partner" because using the word "partners" made it seem that Gemini had spread out their yield program across multiple external parties. This was either deliberate to make it seem bigger than it is or simply a mistake.
@@Chris-oz9qx I think that this economic environment is so use to creating wealth out of thin air, it becomes a stable environment for scams to flourish. Imagine just trading stocks and making 10x profit without producing anything. The Fed's artificially low interest rates and lack of taxation on the finance sector gave us worthless assets like Crypto in the first place
I will never understand why someone will put their entire life savings into one "investment". And I will never understand how someone is able to convince these people to drop their money into something they probably don't even fully understand. But maybe thats because I'm broke and cynical.
Genesis: We lend only to institutional borrowers who we trust have solid financials Those institutional borrowers: 3 arraows, alameda, etc... who are also jerking each other off by lending to each other Gemini: We don't know what we're doing but we've done our DD and Genesis is solid What really happened? No one did their DD and everyone was clueless or just straight up greedy
At this point it's hard to have sympathy for the victims. If you put your entire life savings into a high risk investment, at some point you just have to take responsibility for being an idiot.
This video is about bad venture capitalists and lenders than it is the validity of crypto. FTX offered an 8% APR account. Gemini Earn offered about the same. Many people figured that keeping money into a simple savings account sounded like a safe investment. Apple and Paypal both offer a savings account, both around 4.3%. Many people already use them instead of a tradition bank, as banks have a low or even negative APR. Hypothetically, Apple or PayPay or whomever, can one day use shaddy investors to boost the APR to a high 8-12% to attract customers. If PayPal offered a 12% APR savings account, that wouldn't be tempting? I'm not accusing that you'll join that, but you could imagine a lot of people would.
@@Livity. I think the point is there should be alarm bells ringing in your head when offered those high of rates. I understand the less financially savvy falling for it but at some point you have to step back, see the tremendous amount of fraud, and recognize that you're playing a risky game. yet people still play, blinded by greed I suppose
@@Livity. Yeah, we've heard this a million times. "It's no crypto's fault their are so many crypto scams! It's the people using it!!!11!1! eleventy" Do you remember why crypto was created? To stop scams like the GFC from happening? The single most positive thing that can be said about crypto is that, once someone has stolen your money, at least you can see how they are spending it.
If the twins engaged in fraud the court should pierce the corporate veil and use their personal assets to pay off the people who deposited funds with Gemini. Myself most of my investment funds are with Vanguard, boring but safe.
Crypto currency: "why don't you give me your real money in exchange for this fake money, because some day this fake money might increase in value & be worth more than the real money you just paid for it?" Millions of idiots: "ok!"
Well, I created a Gemini account and am thinking of creating a business account as well to transfer money to my account. Can I just use it to transfer USDT coins to another wallet?
If they were actually smart, they'd have paid their customers off immediately after the collapse. Their reputation for honesty would have earned them back the money already. But they're not that smart (or honest), apparently.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Not only is it fraud to have a 10 year loan as a current asset, it is also a classic Ponzi Scheme because they where paying investors 7% but the 10 year IOU only paid 1%.
so 10 years with a 6% difference in the payout (7%) and income from the 1% loan for $1B is $819,396,734.03 that they would not be able to pay to the investors. so Ponzi scheme
Well, I created a Gemini account and am thinking of creating a business account as well to transfer money to my account. Can I just use it to transfer USDT coins to another wallet?
The problem is that all these schemes work on steady (high) return from a market that's notoriously volatile, so one company often just offloads that promise to another until it just ends up in something highly speculative that eventually implodes
I dont listen to any of your sponsors since they are all proven to be scams. You are too but ur videos seem unbiased for now which is why I watch them.
What a tragic story. These white collar crimes are sometimes worse than blue collar crimes. I think it’s due to the slow burn after effect, that it has on the victims. When the perpetrators are long gone.
No. Crypto is intrinsically a scam since the whole "blockchain" idea is dependent on storing all transaction data in perpetuity. Imagine the days when credit card transactions involved taking a card impression with carbon paper and blacklisting of lost or stolen cards was achieved through monthly distribution of printed lists of card numbers. Now imagine that cards never expire and can never be removed from the list, so that instead of replacing the previous month's book with the current month's book, every book has to be retained by every merchant forever. This is how the blockchain works, except it's the miners who have to store every transaction for the entire duration of the thousand year cryptoreich. (Note that the original vision for Bitcoin called for every user to be a miner.) This obviously cannot work in anything other than the short term.
I've made about $40k mining with nicehash since 2016. The good times may be gone now, but it was fun while it lasted. I remember still using my 780Ti in my actual gaming computer because all the 1060 and 1080 were in the miners!
I have been in crypto since 2016.. people thought I was dumb for not stacking my profits into any of these programs that had high returns. Everything in me said it makes no sense how they get these returns, it must be customer funds.
A great video. If one were to extrapolate further, the effects of running the Fed Funds rates at near zero for many years, are still playing out. 2024 will probably be a tough year.
Because the safe vehicles, like banks were paying such low intrest rates, many believed that Gemini Earn was a safe and regulated way to "earn" higher interest rates than the Banks could.
The people investing in this wouldn't be considered as sophisticated investors and probably don't understand the idea of counter party risk and most of these earn type investments had the same end lenders and debtors this even If you spread you investment across several you would be exposed to the same underlying risk this info was also made opaque and the marketing materials in some cases downright lied N.b sophisticated investors is a reg term
Your channel is consistently providing solid information, entertainment and exposure of many things that need to be promoted. You're doing great work - 'even better than we thought'; (likely why your subscriber count is doing so well!)
It confuses me how people are so ignorant? I mean its FACT that there is MORE debt then there is money to pay it back. So our money system is like a game of musical chairs, And whomever is last holding the debt when the music stops gets screwed... ITS PART OF THE GAME.... Its an unsustainable system, Well it is "IF", you constantly create NEW MONEY and you make bankruptcy legal as its REQUIRED to sustain the system... Blows my mind it has lasted this long man LOL....
Becuz crypto is heavily heavily manipulated. The vast majority of crypto trades are just wash trading. And you have crypto syndicates crafting pseudo-USD tokens and using said tokens (like FDUSD) to pump the market. The market is 99% fraud.
I legit had my account frozen no reason I just use a regular VPN like always yeah they apparently don't like you trying to be safe only have 3 bucks on there and their credit card and then see that the AG is after them I hope they go down in flames! screw that company
At this point I don't have much sympathy for victims who fall for such an obvious crypto scam. If someone is offering you 7%+ yields in a near zero interest rate environment just for depositing your money there then it's 100% a scam, and I've been saying this for years before the crypto bankruptcies started. Unrealistically high "risk free" returns on your investment in a short amount of time is a classic sign of a scam.
@@ThatGuy-qg4wwthat's his point. It was in excess of 7% higher than the fed rate. We are currently now in a high interest rate environment so it would make sense for banks to offer over 5%.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Gran trabajo loatedcyber: me alegro mucho de que estés luchando contra estos maleantes. ¡Necesitamos hacer todo lo posible para salvar a las personas mayores y al público en general de estos despreciables estafadores! ¡¡Felicitaciones a usted!! Te mereces el premio Nobel por mantenernos a salvo y asegurarte de que recuperemos nuestro usdt, hermano mayor loatedcyber
they got me for 75 dollars... think the users bear the most responsibility. after the three arrows and ftx helping short them (rumor started) and ftx had destroyed other cryptos... I eft bare minimum in my earn acct. was sure it was going to collapse but there was a crypto i was willing to risk it with.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Gran trabajo loatedcyber: me alegro mucho de que estés luchando contra estos maleantes. ¡Necesitamos hacer todo lo posible para salvar a las personas mayores y al público en general de estos despreciables estafadores! ¡¡Felicitaciones a usted!! Te mereces el premio Nobel por mantenernos a salvo y asegurarte de que recuperemos nuestro usdt, hermano mayor loatedcyber
I feel for the victims and no doubt some of them couldn’t have possibly known otherwise, but all this investing into thin air and turning it into significant returns stuff is so blatantly unrealistic that the huge risk these investors took must also be factored into the equation.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Remember, investment comes with risk. When you lend out money, there's the risk you won't get it back, and that's what the interest rate compensates you for. When you buy shares in a company, there's the risk the company will start making less money and their stock price will go down as a result. They might even go bankrupt, and then you lose all the money you put in. (Unless the company gets enough money from selling all of its assets to pay all its debts and has some left over for shareholders, and even then you'll lose most of your money.) You're not entitled to compensation just because a known risk came to play out. Your stock broker won't compensate you if a stock you buy falls in value, just like how Gemini won't compensate you if the person you lend to fails to pay you back. Edit: Although, if you buy a certain company because your stock broker lies about its financials, they could be liable. Just like how Gemini could be liable because they said their loans were overcollateralised when they really weren't.
Printing counterfeit currencies used to be illegal. Crypto is a ‘loophole’. Trading a near worthless medium of exchange for real dollars was brilliant, actually
They are not innocent. I did have like 200 dollars in there but since I couldn’t trust these a holes with the earn, that’s all I kept in there. And I wouldn’t have lost it if they would have answered my request to change emu number for a phone I lost. No customer support whatsoever ever. They set it up like that on purpose. Complete scam artists.
All a scamoriada ... all go to jail . It is all veri mesi and Veri developt . So yea. ... Probali all go to jail . Lak tha ader weework Veri dubios stuf . Run tan tanrantantanatn . Veri nasty do not I've intrect with a crypto ..Veri speculativ day all sed it from tha start wel ..all how stil had sam cents.
when i watched the social network i was feeling kinda bad for the twins... now i see they are scummy and I feel if someone is gonna get robbed, might as well be from garbage people
I don't know how you steal an idea that's already out there. Myspace and friendster were already a thing. My guess was these guys idea was sh!t. When Mark seen it, he realized it, but knew how to fix it. Why put all this work into fixing someone else's idea when you can just start your own. If the twins idea was good, it still would of worked. Tik Tok, Snap Chat, and Instagram all have done well after Facebook came out.
That just means that you have double counter-party risk. Your traditional brokerage is not holding your crypto, they're partnering with an exchange, usually either Binance or Coinbase. FTX was also popular.
Investing, saving, spending, and taxes - handled for you. Explore Domain Money today: dmnmny.co/wsm.
Hahahaha get bent, you schuyster.
😂
😂
If it’s too too good to be true ….
Well, I created a Gemini account and am thinking of creating a business account as well to transfer money to my account. Can I just use it to transfer USDT coins to another wallet?
The next big scam wave will be: influencers and UA-camrs tellung us about old crypto scams while making adverts for the new ones, lol.
for real!!!! it’s crazy he’s pretending he’s not trying to sell us another scam
Domain Money appears to be a financial advisor / wealth manager. It doesn't appear to be cryptocentric. I agree with you, however, that it's bad form to advertise it. At a minimum of $79/month, that money would be better spent upon an index fund.
Moral of the story:
"Anyone who is recognized by the media as a genuis, will soon be found out to be a scammer"
When the media goes hard in telling you someone is smart, that means they’re a corrupt, no talent scumbag who bribed them with money from scamming customers or exploiting workers. Elon musk, mark zuckeberg, SBF, winklevoss. All the same breed of morally bankrupt narcissists.
Elon Musk.
@@creepystack1090
BINGO! 😂
Musk is too entangled with governmental deals to be let be unmasked as a scammer, at least for now.
Or rather, they use people to prop up their image by giving select journalists access in return for favorable coverage.
Let’s not forget Winkle twins claimed Gemini Earn had partners who were fully vetted by Gemini. But we find out it is simply funneling all the money to Genesis. They had no other partner and they didn’t any Due diligence.
I don't know why I read it as "Twinkle Twins" at first 😌
They stated they had vetted partners which is Genesis. They should never have used the plural form and simply kept it as vetted a "partner" because using the word "partners" made it seem that Gemini had spread out their yield program across multiple external parties. This was either deliberate to make it seem bigger than it is or simply a mistake.
@@nr12345TBH it sounds like the kind of smart fraud where youre never gonna be able to prove it was intentional.
CHEATIN
It was a scam orgy of scammers scamming scammers while getting scammed by other scammers who were also getting scammed.
Ponzi scheme
It seems like the only way to make money is to promote scams. That seems to be the most lucrative business right now.
It used to be "fake it until you make it"
Now it's "fake it it until you get caught and hope you can bribe your way out of it"
@@Chris-oz9qx I think that this economic environment is so use to creating wealth out of thin air, it becomes a stable environment for scams to flourish. Imagine just trading stocks and making 10x profit without producing anything. The Fed's artificially low interest rates and lack of taxation on the finance sector gave us worthless assets like Crypto in the first place
@@Chris-oz9qx and then bribe your way out of it till you lose your money. lol.
I will never understand why someone will put their entire life savings into one "investment". And I will never understand how someone is able to convince these people to drop their money into something they probably don't even fully understand. But maybe thats because I'm broke and cynical.
Greed
Do you understand the theory of evolution? In detail?
fellow broke here, it’s so rampant i feel like the odd man out not putting all my money in one of the fast array of low quality tech based scams
I will never understand how these idiots think they deserve reimbursement.
People with gambling problems
Genesis: We lend only to institutional borrowers who we trust have solid financials
Those institutional borrowers: 3 arraows, alameda, etc... who are also jerking each other off by lending to each other
Gemini: We don't know what we're doing but we've done our DD and Genesis is solid
What really happened? No one did their DD and everyone was clueless or just straight up greedy
Greed did them all in. Too stupid to Google.
I just don't understand how crypto is still finding willing suckers...
At this point it's hard to have sympathy for the victims. If you put your entire life savings into a high risk investment, at some point you just have to take responsibility for being an idiot.
This video is about bad venture capitalists and lenders than it is the validity of crypto.
FTX offered an 8% APR account. Gemini Earn offered about the same. Many people figured that keeping money into a simple savings account sounded like a safe investment.
Apple and Paypal both offer a savings account, both around 4.3%. Many people already use them instead of a tradition bank, as banks have a low or even negative APR.
Hypothetically, Apple or PayPay or whomever, can one day use shaddy investors to boost the APR to a high 8-12% to attract customers.
If PayPal offered a 12% APR savings account, that wouldn't be tempting? I'm not accusing that you'll join that, but you could imagine a lot of people would.
@@Livity. I think the point is there should be alarm bells ringing in your head when offered those high of rates. I understand the less financially savvy falling for it but at some point you have to step back, see the tremendous amount of fraud, and recognize that you're playing a risky game. yet people still play, blinded by greed I suppose
@@Livity. You can get 4+% on a savings account anywhere *now*. You couldn't in 2020 and 2021 though.
@@Livity. Yeah, we've heard this a million times. "It's no crypto's fault their are so many crypto scams! It's the people using it!!!11!1! eleventy"
Do you remember why crypto was created? To stop scams like the GFC from happening?
The single most positive thing that can be said about crypto is that, once someone has stolen your money, at least you can see how they are spending it.
If the twins engaged in fraud the court should pierce the corporate veil and use their personal assets to pay off the people who deposited funds with Gemini. Myself most of my investment funds are with Vanguard, boring but safe.
Hey, Vanguard has very few claims or scandals.
Personally that is a good thing for a place you want to hold long term.
A business is a separate legal entity. They can't ask to use their personal funds, as said its a separate entity
@@jordixboy The courts can sometimes go after the owners personal assets when there is fraud. It is tough to do, but it can be done.
@@jordixboy I think in clear cases of criminal negligence or fraud, we as a country can and should do that.
Ya you "think" it's safe till it's not. I have money with vanguard and its never safe when comes to companies or the government.
Now the twins face another big problem they withdrew over $230 million before the crash of their company.
That happens all the time & i cant recall anything actually being done about it.
Why is that a problem? It means they have their money...
@@wizzyno1566 syphoning assets by insiders right before bankruptcy is fraud
@@wizzyno1566 It's incriminating
Crypto currency: "why don't you give me your real money in exchange for this fake money, because some day this fake money might increase in value & be worth more than the real money you just paid for it?"
Millions of idiots: "ok!"
😂
Problem is that the "real money" you speak of is also fake and it's value is only based on the people who use it. It's all just bullshit, everything.
@@Conorscorner no, you're uneducated & shouldn't even consider discussing the underpinnings of currency evaluation
How can it be worse? We all knew the company was a total scam
@@cryptoholica72 I personally hadn't heard of them before fraud allegations surfaced
Well, I created a Gemini account and am thinking of creating a business account as well to transfer money to my account. Can I just use it to transfer USDT coins to another wallet?
If they were actually smart, they'd have paid their customers off immediately after the collapse. Their reputation for honesty would have earned them back the money already. But they're not that smart (or honest), apparently.
So basically Gemini did the absolute bare minimum to avoid criminal liability, but still screwed people out of their life savings. Nice going.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Well if there is ever a revolution in the US, the mob will come for these guys first.
🎶Double your Fraudsteeers🎶 🎶Double Your Fuuun🎶
Not only is it fraud to have a 10 year loan as a current asset, it is also a classic Ponzi Scheme because they where paying investors 7% but the 10 year IOU only paid 1%.
so 10 years with a 6% difference in the payout (7%) and income from the 1% loan for $1B is $819,396,734.03 that they would not be able to pay to the investors. so Ponzi scheme
Well, I created a Gemini account and am thinking of creating a business account as well to transfer money to my account. Can I just use it to transfer USDT coins to another wallet?
The fragility and interconnected nature of these crypto companies made the whole thing as sturdy as a house of cards
The problem is that all these schemes work on steady (high) return from a market that's notoriously volatile, so one company often just offloads that promise to another until it just ends up in something highly speculative that eventually implodes
I dont listen to any of your sponsors since they are all proven to be scams. You are too but ur videos seem unbiased for now which is why I watch them.
Which sponsors?
Why are the Winklevoss twins and everyone involved not in jail like FTX?
Because investigations and trials take time. This isn't Law and Order where everything is over in an hour. I expect this to take years to unravel.
If SBF goes to jail, maybe they will cough up the money.
What a tragic story. These white collar crimes are sometimes worse than blue collar crimes. I think it’s due to the slow burn after effect, that it has on the victims. When the perpetrators are long gone.
Luckily I have far from my life savings tied up here, but having stuff “stuck” since Jan 10th is bullshit
"Take your lumps like a Mann, Private Winklevoss!"
-SEC, prolly
Is there a single crypto thing that's not a scam?
Bitcoin itself was intended as a commodity and Dogecoin was intended as a joke, but everything else is a scam and/or Ponzi scheme
No. Crypto is intrinsically a scam since the whole "blockchain" idea is dependent on storing all transaction data in perpetuity. Imagine the days when credit card transactions involved taking a card impression with carbon paper and blacklisting of lost or stolen cards was achieved through monthly distribution of printed lists of card numbers. Now imagine that cards never expire and can never be removed from the list, so that instead of replacing the previous month's book with the current month's book, every book has to be retained by every merchant forever. This is how the blockchain works, except it's the miners who have to store every transaction for the entire duration of the thousand year cryptoreich. (Note that the original vision for Bitcoin called for every user to be a miner.) This obviously cannot work in anything other than the short term.
bitcoin
Bitcoin is a clear security.
No.
If you have any funds that you absolutely, positively MUST lose immediately, invest in crypto. Guaranteed results. If that's your goal.
I've made about $40k mining with nicehash since 2016.
The good times may be gone now, but it was fun while it lasted.
I remember still using my 780Ti in my actual gaming computer because all the 1060 and 1080 were in the miners!
I have been in crypto since 2016.. people thought I was dumb for not stacking my profits into any of these programs that had high returns. Everything in me said it makes no sense how they get these returns, it must be customer funds.
Exactly! Do these people ever wonder where these returns come from! It's crazy !
Crypto lending is always a scam
Crypto is always a scam.
@@desertdude540 so is usd lol
@@desertdude540 Money is a scam.
too simple of a remark
A great video. If one were to extrapolate further, the effects of running the Fed Funds rates at near zero for many years, are still playing out. 2024 will probably be a tough year.
Yeah totally right
Because the safe vehicles, like banks were paying such low intrest rates, many believed that Gemini Earn was a safe and regulated way to "earn" higher interest rates than the Banks could.
The people investing in this wouldn't be considered as sophisticated investors and probably don't understand the idea of counter party risk and most of these earn type investments had the same end lenders and debtors this even If you spread you investment across several you would be exposed to the same underlying risk this info was also made opaque and the marketing materials in some cases downright lied
N.b sophisticated investors is a reg term
I became confused within minutes of this video.
No wonder I’m broke.
Your channel is consistently providing solid information, entertainment and exposure of many things that need to be promoted. You're doing great work - 'even better than we thought'; (likely why your subscriber count is doing so well!)
Up to 8.5% interest was too good to be true. My humble suggestion: place ALL your crypto
In cold storage wallets and NEVER trust exchanges!
pity that those two was not in charge of facebook, by now, we would have a wonderful world without a facebook ☀
It confuses me how people are so ignorant? I mean its FACT that there is MORE debt then there is money to pay it back. So our money system is like a game of musical chairs, And whomever is last holding the debt when the music stops gets screwed... ITS PART OF THE GAME.... Its an unsustainable system, Well it is "IF", you constantly create NEW MONEY and you make bankruptcy legal as its REQUIRED to sustain the system... Blows my mind it has lasted this long man LOL....
I think it’s safe to say that Wall Street Millennial does not like crypto
Becuz crypto is heavily heavily manipulated. The vast majority of crypto trades are just wash trading. And you have crypto syndicates crafting pseudo-USD tokens and using said tokens (like FDUSD) to pump the market. The market is 99% fraud.
I put 5 dollars into Gemini and will never recovered from this mistake
Harsh lesson, i hope you learn from it!
I legit had my account frozen no reason I just use a regular VPN like always yeah they apparently don't like you trying to be safe only have 3 bucks on there and their credit card and then see that the AG is after them I hope they go down in flames! screw that company
Please keep the content coming man you're killing it!
All these 'billionaires' who produce nothing of value, creating fortunes out of thin air, based upon lies, grifts & scams.
If it seems too good to be true, it probably is.
Lastly, when it comes to your finances, read the damn T&C’s and disclosures.
Using an IOU as an asset is ridiculous.
I am announcing the creation of my new Cryptocurrency which im naming "Tulip".
At this point I don't have much sympathy for victims who fall for such an obvious crypto scam. If someone is offering you 7%+ yields in a near zero interest rate environment just for depositing your money there then it's 100% a scam, and I've been saying this for years before the crypto bankruptcies started. Unrealistically high "risk free" returns on your investment in a short amount of time is a classic sign of a scam.
Lots of high yield savings accounts offering 5% now, idk how it was back then. They're just stupid.
@@ThatGuy-qg4wwthat's his point. It was in excess of 7% higher than the fed rate. We are currently now in a high interest rate environment so it would make sense for banks to offer over 5%.
If you put your entire life savings on crypto you definitely deserve to be scammed.
These two twins also own like 1% of all Bitcoins in circulation.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Their biggest crime is the music they produced
Gran trabajo loatedcyber: me alegro mucho de que estés luchando contra estos maleantes. ¡Necesitamos hacer todo lo posible para salvar a las personas mayores y al público en general de estos despreciables estafadores! ¡¡Felicitaciones a usted!! Te mereces el premio Nobel por mantenernos a salvo y asegurarte de que recuperemos nuestro usdt, hermano mayor loatedcyber
A $1.1B dollar face value promissory note w/ a 1% interest rate, lasting 10 years from DCG, is worth $324M
*(1-(Chance of Default)
they got me for 75 dollars... think the users bear the most responsibility. after the three arrows and ftx helping short them (rumor started) and ftx had destroyed other cryptos... I eft bare minimum in my earn acct. was sure it was going to collapse but there was a crypto i was willing to risk it with.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Anyone dumb enough to hand over their life savings to a crypto gambling program was doomed anyway. “A fool and their money are soon parted”.
Gran trabajo loatedcyber: me alegro mucho de que estés luchando contra estos maleantes. ¡Necesitamos hacer todo lo posible para salvar a las personas mayores y al público en general de estos despreciables estafadores! ¡¡Felicitaciones a usted!! Te mereces el premio Nobel por mantenernos a salvo y asegurarte de que recuperemos nuestro usdt, hermano mayor loatedcyber
Winklefraud twins strike agan!
Wait, are you saying you shouldn't have capital collateralized using assets sharing proportional fluctuations with what they're trading?
In many cases it was their life savings. 🙄
I feel for the victims and no doubt some of them couldn’t have possibly known otherwise, but all this investing into thin air and turning it into significant returns stuff is so blatantly unrealistic that the huge risk these investors took must also be factored into the equation.
The Federal Reserve does the same. Printing money from thin air.
DCG did the crypto equivalent of the suitcase full of IOU notes from Dumb and Dumber.
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Twins Bogdanoff : dump it
Wow, a two frat bros scammed errbody, who would thunk?
I wish I Could Shout And Send Out Your Name To Everyone , But The Best I Can Do Is To keep On Refering You , Thanks *prycecodez* For Getting Back My Earn .
Were you really "Blown Away" though by Domain Money?????
I think your describing the us government 😊
Well Governments are backed by their economy and population who go out to work every days and you know the rest.
@@drscopeify guess you have not seen the National deficit. It’s called bankrupt. Last time any company spent like they do they would be bankrupt
haven't checked my gemini account in 11 months, is it all gone?
You can withdraw it all if you do it by 27 Oct 2023
If you you signed up for gemini earn it probably is
Well is it gone?
@@alrajul3ziim it's not all gone, but my holdings are still all dogshit.
Remember, investment comes with risk. When you lend out money, there's the risk you won't get it back, and that's what the interest rate compensates you for. When you buy shares in a company, there's the risk the company will start making less money and their stock price will go down as a result. They might even go bankrupt, and then you lose all the money you put in. (Unless the company gets enough money from selling all of its assets to pay all its debts and has some left over for shareholders, and even then you'll lose most of your money.)
You're not entitled to compensation just because a known risk came to play out. Your stock broker won't compensate you if a stock you buy falls in value, just like how Gemini won't compensate you if the person you lend to fails to pay you back.
Edit: Although, if you buy a certain company because your stock broker lies about its financials, they could be liable. Just like how Gemini could be liable because they said their loans were overcollateralised when they really weren't.
Oh its all coming full circle
Were these companies ever audited by outside auditors?
what it is to sell unregistered securities
Honestly, how anyone could put their life savings into a single investment, stock, or whatever is beyond me.
Printing counterfeit currencies used to be illegal. Crypto is a ‘loophole’. Trading a near worthless medium of exchange for real dollars was brilliant, actually
this is bit complicated and messed up situation.
I think all the "everyone had their life savings" in the platform. Specially the 70+ years old dude.. is 100% pure BS.
They are not innocent.
I did have like 200 dollars in there but since I couldn’t trust these a holes with the earn, that’s all I kept in there.
And I wouldn’t have lost it if they would have answered my request to change emu number for a phone I lost. No customer support whatsoever ever.
They set it up like that on purpose.
Complete scam artists.
Love watching crypto imploding
I know it's hard to find relevant video ,but all of that stock video you use is so cringeworthy and just cheapens your otherwise excellent output.
Thanks a Billion 4 a Necessary Clear Financial Fraudistor Video!
...
Super Sad to hear about the individuals' private $aging losses!
thanks for caring
Scammers scamming scammers. What a scam. 17% Return. Fools rush where wisemen never go.
At this point it seems that the only thing keeping crypto is other crypto’s investing in each other and when one collapses many follows.
How can I feel bad for any organism so dumb to put their life savings in this garbage.
People tend to overlook that assets = liabilities.
I would like to know how much did the twins lose if any?
Crypto is just video game money 😂 If you get triggered by that phrase then it goes to show you need to touch grass and get a real job 🎉
great video dude!
For every person enraged by Bernie Madoff, there were 100 inspired by him...Tomax and Xamot are two of them.
A GI Joe reference. Nice! Bonus points because they also acted as the business front for Cobra, ripping people off to pay for the organization.
My favorite Cobra characters
so...i cant withdrawal my money from them? because thats whawt im trying to do
A foole and his money is soone parted. Dr John Bridges. 1587.
This guy is not human his probably a God trying to make us see reason not to trust easily .
They told millions and never paid us back!
All a scamoriada ... all go to jail . It is all veri mesi and Veri developt . So yea. ... Probali all go to jail . Lak tha ader weework Veri dubios stuf . Run tan tanrantantanatn . Veri nasty do not I've intrect with a crypto ..Veri speculativ day all sed it from tha start wel ..all how stil had sam cents.
The loans were collateralized with Alameda and Three Arrows crap.
Not your wallet
Not your crypto
Simple as that
And if you put them beanie babies in an underground bunker, surely nobody is gonna steal them.
I just got made whole by Gemini, so it was bad but they gave me my earn
man picking the best pictures of SBF's "gf" 😂
Didn’t Silk Road run on crypto? Big clue.
They will be ok as they are rich and probably well connected
6% to 8.5% return was the 👀 opener from the beginning.
A fool and their money are easily parted. Still one of the truest statements...
when i watched the social network i was feeling kinda bad for the twins... now i see they are scummy and I feel if someone is gonna get robbed, might as well be from garbage people
I don't know how you steal an idea that's already out there. Myspace and friendster were already a thing.
My guess was these guys idea was sh!t. When Mark seen it, he realized it, but knew how to fix it.
Why put all this work into fixing someone else's idea when you can just start your own.
If the twins idea was good, it still would of worked. Tik Tok, Snap Chat, and Instagram all have done well after Facebook came out.
talk about Chinese cars manufacturers international expansion
I prefer normal brokerages for crypto
That just means that you have double counter-party risk. Your traditional brokerage is not holding your crypto, they're partnering with an exchange, usually either Binance or Coinbase. FTX was also popular.
You're still losing money, just not to scammers
@@rightwingsafetysquad9872 It's thought the biggest crypto wallet is owned by Robinhood for their customers.
@@samsonsoturian6013well, not to scammers who are *technically* doing anything illegal...
@@rightwingsafetysquad9872 didn't know that good thing i have less a hundred in that type of asset
If these guys weren't so weird and greedy, they'd be OP. Extremely smart, athletic, and there's fucking two of the same person.
Dont put your life savings in an unregulated market people…
Crypto has to be the biggest scam mankind has ever faced
I lost 3K to the Gemini earn program. 😢
havent lost it yet ....