Our mayor is a tool.

And single-handedly helped fuel the housing crisis in Miami by bringing in Californians and New Yorkers to Scam_City.

Altcoins are always going to suffer the hardest in a bear market. Specially new experiments.

First time hearing of this coin... bahaha..

B I T C O N N E C T !

"it's got what plants crave! it's got electrolytes!"

Lmao... Suarez lured tech bros from the most expensive city in the USA, held bitshit conferences... caused rents to skyrocket all the meanwhile there isn't even a street in downtown that doesn't feel like you are about to get ran over due to lack of crossings... yall got played... and badly too

So like does that mean all the city employees that rushed to be paid in crypto took a 95% pay cut? /s

Florida

1. Never trust a Miami politician.
2. Never put your money in shitcoins.

This is why it has the name Miami in it.

Don't think Florida is known for the best and brightest...

Perfect time to buy the dip!

/s

Can we recall him?

"Now is a great time to buy! This city needs more MiamiCoin!"

• Suarez probably

I think some crypto has its uses. Like when banks closed in Ukraine and some people were able to buy cars with Bitcoin to get out of the country. I also think something like Monero has uses basically as digital cash since it can't be tracked just like cash.

I think the issue is two fold, one, why do we need five thousand different cryptos? What the heck does Miami Coin do that any other crypto can't? Do I get free food at Miami Subs? Do I get to meet Mr 305 if I get enough coins to form the WurlWHY-tron NFT?

Edit: Added italics

This guy is a total goof

Aw :( that's sad

He's such a bull***tter. And so many of these out of towners lap up his crap.

Who cares? It’s a publicity gimmick, nobody bought this as an investment.

Fuck this piece of shit

That picture could be a meme if you add your title in it.

i don't follow this stuff anyways, but wanted to look at the all time low and it was at $0.000991 on May 2nd. and somehow slowly crawling it's way up

tldr; The city of Miami cashed out its cryptocurrency MiamiCoin for the first time, depositing $5.25 million into the city coffers. MiamiCoin is the first in what CityCoins has promised will be a series of US city-branded cryptocurrencies. Miami is not the only city with big cryptocurrency dreams.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Fucking Ponzi schemes and this fucking moron using our city to line his pockets. Get this goddamn jackass out of office. Absolute moron

Doubtful. There wasn't that much money in Terra, especially once it started crashing.

People underestimate how much whales hold.

I find it a bit odd that they'd focus on small wallets first. Sure it's a nice gesture but doesn't seem to be a good business decision when it's the whales holding most your coins and have a larger impact

Still hope they come through with their promise, as most of everyone here is probably considered small

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TLDR;

The Luna Foundation Guard offered insiders the ability to sell their UST for about $1 each, in the form of BTC, while the price for UST on normal markets was around $0.60.

LFG has not yet released any more details on the exact wallets/exchanges they control, and their current holdings & addresses, other than a summary of total holdings across their wallets.

Wouldn't be surprised...

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Yuppp

What a mess. Everything is a guess.

Luna Foundation Guard (LFG), a non-profit organization formed to support the growth of the Terra ecosystem

Who did they bribe to get non-profit status?

You see, crypto is a decentralized ecosystem. Don't trust, verify! Do Kwan told us he'd spend $3.5B worth of BTC to defend the peg. Instead of trusting him, we're gonna verify what he did. So first he sent the BTC to two centralized exchanges annnnnnnnnnd...... Nobody can verify shit.

Pulled in the nets!

tl;dr:

They are lost and no one can track them.

bullish buy buy buy

fingers crossed

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Is LUNA/UST the biggest comeback story in crypto history or doomed to shitcoin hell?

I blame this guy and he blame that guy who then blames me.

Hey heeey heeeeeeeyyyy!!!

All these guys claim to hate The Fed, but really they just want to be the ones printing money.

Do Kwon is the guy in the Simpsons that sold everyone the monorail.. Do Kwon in action

Mt.Gox 2.0

Mayby third time's the charm

I just bought $2 worth of luna at $0.02 for the memories.

Terra(LUNA) {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post.

What's the odds that we'll find out he already cashed out with his Bitcoin purchases weeks ago and hid some money. I would love to see the activity going on in his wallets. Was he the whale that emptied the liquidity. Bit convenient he blames an coordinated attack though I suppose using the we were hacked excuse has been over played abit now. The system was never designed to work so he thought he could fake it till he made it like tether have do but that only works if Bitcoin goes up but it didn't so he bailed with a few million.

I was a believer in Luna. So much so that as it dumped, in poured another 10k on top of my 35k I had in there.

I don’t see luna recovering. Even looking at the basic mechanics of UST, there’s currently 12.66 billion UST in circulation. This means that in order to get to some semblance of normalcy and restore ust to peg, youd need to flush out 5-12 billion dollars (people who want exit liquidity) through luna to restore UST to peg.

No one’s going to gamble with luna at this point for that. I’m sad to see it die, but reality has to sink in sometime.

I give the man the respect desevred for at least trying to do something big in crypto

You will fail but sometimes might succeed

He was a genius just 3 days ago

Ahh so NOW we DYOR!

All my homies hate Do Kwon

Do Kwon knockin when you fail your next project

now usdt's turn.

Now the blame game begins

Luna will recover no doubt, everything is down just luna a little down than others but at the end this will be all good guys.

UST's Do Kwon kicks puppies and kittens with steel toe boots, Ex-Terra colleagues say

Why do I feel this is this cycle's bitconnect or veritasium.

Finger pointing begins now.

all i feel is pain and suffering

I mean, when has this ever been a smart idea

In another case, a man was approached by a group of people offering to sell him cocaine and agreed to go down an alley with them to do the deal.

Stupid is just keeping up with the times

And that is why you should not use any biometric unlock method on your smartphone: they can be used against your will.

nottheonion is mainly '/r/ randomnews' these days

Who isn’t using Face ID though. I never enter my pin these days and if it’s an android swipe then your stupid because that’s so easy to copy.

Get a cold wallet for your crypto. And don’t do trades on your phone if at all.

This is why, for a start you keep it all off of the exchange in cold storage. Even now if I wanted to give you all my crypto now I couldn't, it would take days to unlock it all. Anything on my phone exchange apps is nothing but dust.

I'm honestly worried about my phone. After all, all my passwords to crypto wallets are stored there

Get an security key like the yubikey… if you’re 2fa is your phone then - yea it’s easy to get drained from your phone

More fool them, it's a bear market anyway.

I can't even click this. Come on man. Do you know how many passwords, and verifications and 2 factor this and verify that and authenticate this, shit you have to go through to get on a phone and send crypto if that phone has been setup correctly? Come on man. Come on.

Plus wait, those thieves are incredibly dumb. Every transaction is perfectly recorded and traceable on chain... Silly idiots.

In my country this often happens with Bank cards and ATMs where they mug you one guy runs to ATM with your card and they call for a pin before they let you go.

At a crypto conference recently someone was dropping Apple AirTags into people’s bags, ostensibly to rob them later.

Would you travel with £10,000 in cash in your pocket? Would you show people if you were? Then why would you whip out your crypto account at the pub?!

There is a reason why a safe is not a mobile device.

Did anyone actually read the article? These happened last year. "The crypto muggings took place in the second half of 2021, in the relatively small part of London’s financial district patrolled by City of London police."

This also doesn't seem all that sophisticated, aside from the criminals actually knowing enough about crypto to target someone who has crypto and is also dumb/careless enough to carry around a phone with access to it. Targeted, sure, but not all that sophisticated. They basically just got mugged for an alternative asset. Went from "give me all your cash or I'll stab you" to "give me all your digital assets or stab you".

If they really wanted to rob people in crypto, the robbers should have just gotten in to making NFTs. 😂

This type of thing highlights the importance of using cold wallets. Don't keep Bitcoin on your phone.

Also don't buy altcoins. They're all scams.

Tip: hide your investment/money apps in a secret space on your phone. They have apps that do this. Special button/taps/sequences/gestures (or press and hold in other dummy apps) unhides app icon. Even if you unlock phone and open all apps, it won't show up.

For iPhone users enable hey Siri, then say “hey Siri, whose phone is this”? Will lock face recognition and require passcode. This doesn’t solve all problems but will stop unwanted face scans

Why was the last at the pub typing his number in front of others. At that point you’re asking for it

Reminds me of that Simpsons episode where Snake robs Homer's online bank whit a floppy disk.

"Victim was vomiting under a bridge when a mugger forced him to unlock his phone" is the fucking funniest thing I've read all day. I'd just chuck it in the river and get a new one tomorrow with insurance

This guy should probably be telling this story to a recovery meeting. …

“A third victim said he had been vomiting under a bridge when a mugger forced him to unlock his phone using a fingerprint, then changed his security settings and stole £28,700, including cryptocurrency.”

This is one of the reasons I don't use the biometrics features on my phone.

The police can't make you unlock your phone, unless you have biometrics set up and I get to make the decision of how much of a beating/torturing my bank details are worth in the event of a criminal getting hold of my phone.

One of the proposed uses of mulitisig transactions is to reduce this risk.

Essentially the crypto provider would have to provide a second signature to complete a transaction and they would perform similar checks to traditional banks.

This isn't widely used - the main use of mulitisig is to prevent exit fraud from dark net markets.

But maybe something we'll see in future.

Cryptocurrency transfers are irreversible, unlike a bank transfer, making this type of crime more attractive to thieves.

“If I get robbed and they force me to make a bank transfer, the bank can trace where the money has gone and there are all sorts of comebacks. You can reverse the transaction.

So basically a system that rewards criminals and screws over victims. Why do they think this is the future again? It’s worse in every way possible.

looks like he goes on right before project hamilton, would be awesome if they announced some sort of partnership with algorand.

Speakers Lined Up: Robleh Ali Founder of Wadagso Inc, Founder of Wadagso Inc, Allen Anjos RAC, Miles Anthony Founder, Decentral Games Founder, Decentral Games Bryan Bishop CTO at Avanti Bank & Trust CTO at Avanti Bank & Trust Anders Brownworth Principal Architect, Federal Reserve Bank o[...] Principal Architect, Federal Reserve Bank o[...] Tadge Dryja Founder & Developer, Lightning Network Founder & Developer, Lightning Network William Fan Director, Pantera Capital Director, Pantera Capital Michael Flaxman Co-maintainer of buidl python bitcoin library Co-maintainer of buidl python bitcoin library Sacha Ghebali US Operations & Data Analytics Lead, Kaiko US Operations & Data Analytics Lead, Kaiko Kimberly Grauer Head of Research, Chainalysis Inc. Head of Research, Chainalysis Inc. Dan Held Growth Lead, Kraken Growth Lead, Kraken Max Hillebrand Developer Developer Manish Kumar Hackathon Co-Chair Hackathon Co-Chair Jameson Lopp Founder, Mensa's Bitcoin Special Interest Group Founder, Mensa's Bitcoin Special Interest Group Rob Margolis Director on the Global Digital Markets desk[...] Director on the Global Digital Markets desk[...] Peter McCormack Creator, What Bitcoin Did Podcast Creator, What Bitcoin Did Podcast Neha Narula DCI researcher, co-inventor of the Lightnin[...] DCI researcher, co-inventor of the Lightnin[...] John Newbery Director, Brink Director, Brink Michael Perklin CISO of ShapeShift, President of C4 CISO of ShapeShift, President of C4 Rene Pickhardt Researcher at Norwegian University of Scien[...] Researcher at Norwegian University of Scien[...] Danny Ryan Research at Ethereum Foundation Research at Ethereum Foundation Michael Saylor Chairman of the Board of Directors and Chie[...] Chairman of the Board of Directors and Chie[...] AJ Scalia Mining Team, Galaxy Digital Mining Team, Galaxy Digital Andrej Skraba Chief Marketing Officer, NiceHash Chief Marketing Officer, NiceHash Jimmy Song Bitcoin Developer Bitcoin Developer Valerie Szczepanik Director, US SEC FinHub Director, US SEC FinHub Ethan Vera Co-founder & CFO, Luxor Mining Co-founder & CFO, Luxor Mining Manasi Vora VP Strategy & Ops, Skynet Labs VP Strategy & Ops, Skynet Labs David Vorick Co-Founder and CEO, Sia Co-Founder and CEO, Sia Brian Wright Director, Bitcoin Mining at Fidelity Investments Director, Bitcoin Mining at Fidelity Investments Pieter Wuille Engineer, Chaincode Labs Engineer, Chaincode Labs Nicolas Zhang Research Scientist, CSAIL and MIT Economics Research Scientist, CSAIL and MIT Economics Gloria Zhao Bitcoin Core Developer Bitcoin Core Developer Chuanwei "David" Zou Chief Economist of Wanxiang Blockchain Chief Economist of Wanxiang Blockchain