• jqubed@lemmy.world
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    4 months ago

    Though he later secured a loan to finish college, Daniel [a pseudonym] resorted for a time to credit card fraud to replace the stolen funds, telling himself that no harm would come to the individual card owners, who were insured.

    Fraud victim commits additional fraud

    • NOT_RICK@lemmy.world
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      4 months ago

      Quick, someone explain to this guy how insurance premiums work. The cost is always passed down to the consumer, one way or another

      • Billiam@lemmy.world
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        4 months ago

        Running a red light in the middle of nowhere with no traffic is a victimless crime.

        Intentionally causing additional monetary damages on someone is not. Even if the cardholders didn’t have to pay for his fraud, somebody has to.

        • AdamEatsAss@lemmy.world
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          4 months ago

          Running a red light is not a victimless crime. You will condition yourself to run red lights when you think there is no one is there. This will lead to you hitting and killing a pedestrian that you didn’t see. Be an adult and just wait the 30 seconds for the light to change. Why risk it? #FUCKCARS

    • shortwavesurfer@lemmy.zip
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      4 months ago

      Exchanges are akin to public toilets. Get in, do your business and get the fuck out. You wouldn’t hang around in a public toilet, so don’t keep your money on an exchange. Especially don’t be dumb enough to keep your money on a centralized exchange.

  • ShittyBeatlesFCPres@lemmy.world
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    4 months ago

    I’ve just been saying what the world most needs now is a bunch of fucking morons with lots of money. Things aren’t nearly ignorant enough.

  • rottingleaf@lemmy.zip
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    4 months ago

    As the famous Russian saying goes, “suckers are not mammoths, suckers won’t go extinct”.

    • Deello@lemm.ee
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      4 months ago

      Are you suggesting a Bitcoin exchange also dabbles in selling Magic cards?

      • aramis87@fedia.io
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        4 months ago

        Wikipedia:

        In late 2006, programmer Jed McCaleb thought of building a website for users of the Magic: The Gathering Online tradable card game service, to let them trade “Magic: The Gathering Online” cards like stocks.[13][14][4] In January 2007, he purchased the domain name mtgox.com, short for “Magic: The Gathering Online eXchange”.[15][16][17][18] Initially in beta release,[19] sometime around late 2007, the service went live for approximately three months before McCaleb moved on to other projects, having decided it was not worth his time. In 2009, he reused the domain name to advertise his card game The Far Wilds.[20]

        In July 2010, McCaleb read about bitcoin on Slashdot,[21] and decided that the bitcoin community needed an exchange for trading bitcoin and regular currencies. On 18 July, Mt. Gox launched its exchange and price quoting service deploying it on the spare mtgox.com domain name.[14][22]

        I’m not sure when people started to refer to it as Mt Gox.

      • jonne@infosec.pub
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        4 months ago

        It was the other way around actually. It was a Magic The Gathering forum that dabbled in Bitcoin on the side.