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San Francisco crypto founder faked his own death

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    Dressed in a T-shirt, shorts, flip-flops, and wire-rimmed glasses, Yu declined to talk about the false report of his death or how he may have benefited financially from it.

    “You can see the PTSD in my eyes, right?” he said before telling this reporter to leave.

    That epitaph should be etched onto his gravestone.

    Although the obituary touted his alleged successes, the more significant self-tribute was Sunday’s release of a memecoin that one of his social media accounts promoted in what claimed to be an automated message. “If you’re reading this, it’s because my 72 hour deadman’s switch triggered so i’m not here, at least physically,” the message said. The message described the new coin, dubbed $LLJEFFY, as “my final art piece” and “an eternal grave in cyberspace.”

    Who doesn't have a deadman's switch to capitalize on one's own death?

    On-chain analysis shared on social media by Bubblemaps, a crypto analytics platform, showed accounts linked to Yu moving up to $1.4 million in cryptocurrency after his supposed death. Several accounts accused Yu of orchestrating an elaborate “pseudocide exit strategy” to cash out his holdings.

    So gifted! So capable! Such a deep understanding of the technology!

    ...

    Before his staged death, Yu published a manifesto introducing the concept of “legacoins” — described as an “evolution of digital assets commonly referred to as memecoins” that function as “a vault or storage, securing and preserving value indefinitely.”

    What an incredible coincidence!

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    Fake money, fake death, real douche.

  • Dressed in a T-shirt, shorts, flip-flops, and wire-rimmed glasses, Yu declined to talk about the false report of his death or how he may have benefited financially from it.

    “You can see the PTSD in my eyes, right?” he said before telling this reporter to leave.

    That epitaph should be etched onto his gravestone.

    Although the obituary touted his alleged successes, the more significant self-tribute was Sunday’s release of a memecoin that one of his social media accounts promoted in what claimed to be an automated message. “If you’re reading this, it’s because my 72 hour deadman’s switch triggered so i’m not here, at least physically,” the message said. The message described the new coin, dubbed $LLJEFFY, as “my final art piece” and “an eternal grave in cyberspace.”

    Who doesn't have a deadman's switch to capitalize on one's own death?

    On-chain analysis shared on social media by Bubblemaps, a crypto analytics platform, showed accounts linked to Yu moving up to $1.4 million in cryptocurrency after his supposed death. Several accounts accused Yu of orchestrating an elaborate “pseudocide exit strategy” to cash out his holdings.

    So gifted! So capable! Such a deep understanding of the technology!

    ...

    Before his staged death, Yu published a manifesto introducing the concept of “legacoins” — described as an “evolution of digital assets commonly referred to as memecoins” that function as “a vault or storage, securing and preserving value indefinitely.”

    What an incredible coincidence!

    So gifted! So capable! Such a deep understanding of the technology!

    In a sense, he kinda does have a deep understanding. He knows how the grift works and knows how to trick people into giving him money for a little acting.

    Sometimes, I wonder what my life would have been like had even just dabbled in Bitcoin at the beginning, but then I remember that I would have to have been rubbing elbows with these weirdos.

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    Fuck I thought from the title it was an answer to the identy of the creator of bitcoin who is often credited as being the creator of the whole cryptocurrency concept, Satoshi Nakamoto. Not a story about a douche who created another useless crypto coin.

  • Fuck I thought from the title it was an answer to the identy of the creator of bitcoin who is often credited as being the creator of the whole cryptocurrency concept, Satoshi Nakamoto. Not a story about a douche who created another useless crypto coin.

    I think satoshis dead ngl

  • Fake money, fake death, real douche.

    Sounds like a tagline for a commercial. I just have no idea what it would be selling.

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    A
    No, fuck off with your scams.
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    G
    It varies based on local legislation, so in some places paying ransoms is banned but it's by no means universal. It's totally valid to be against paying ransoms wherever possible, but it's not entirely black and white in some situations. For example, what if a hospital gets ransomed? Say they serve an area not served by other facilities, and if they can't get back online quickly people will die? Sounds dramatic, but critical public services get ransomed all the time and there are undeniable real world consequences. Recovery from ransomware can cost significantly more than a ransom payment if you're not prepared. It can also take months to years to recover, especially if you're simultaneously fighting to evict a persistent (annoyed, unpaid) threat actor from your environment. For the record I don't think ransoms should be paid in most scenarios, but I do think there is some nuance to consider here.
  • Indian Government orders censoring of accounts on X

    Technology technology
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    M
    Why? Because you can’t sell them?
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    F
    When a Lemmy instance owner gets a legal request from a foreign countries government to take down content, after they’re done shitting themselves they’ll take the content down or they’ll have to implement a country wide block on that country, along with not allowing any citizens of that country to use their instance no matter where they are located. Block me, I don’t care. You’re just proving that you can’t handle the truth and being challenged with it.
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    ulrich@feddit.orgU
    If you want a narrative, look at all the full-price $250k Roadster pre-orders they've been holding onto for like 8 years now with zero signs of production and complete silence for the last...5 years?
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    J
    Apparently, it was required to be allowed in that state: Reading a bit more, during the sentencing phase in that state people making victim impact statements can choose their format for expression, and it's entirely allowed to make statements about what other people would say. So the judge didn't actually have grounds to deny it. No jury during that phase, so it's just the judge listening to free form requests in both directions. It's gross, but the rules very much allow the sister to make a statement about what she believes her brother would have wanted to say, in whatever format she wanted. From: https://sh.itjust.works/comment/18471175 influence the sentence From what I've seen, to be fair, judges' decisions have varied wildly regardless, sadly, and sentences should be more standardized. I wonder what it would've been otherwise.
  • Reddit will tighten verification to keep out human-like AI bots

    Technology technology
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    O
    While I completely agree with you about the absence of one-liners and meme comments, and even more left leaning community, there's still that strong element of "gotcha" in discussions. Also tonnes of people not reading an article before commenting (at a better rate than Reddit probably), and a generally even more doomer attitude is common here.
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    J
    This is why they are businessmen and not politicians or influencers