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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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    N
    Uhh, dude. Haven’t you heard that Siri is basically useless? Maybe that’s why she just typed this post instead of inserting the meme.
  • Microsoft Teams will soon block screen capture during meetings

    Technology technology
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    D
    Well, 'proven wrong' is a bit of a stretch. 'will soon block screen capture' doesn't leave a lot of wiggle room, but also isn't that crazy to read into it that maybe it would block screen capture on the presenters screen... especially if you grant that it might only have control over the teams portion of the screen. I've had it black out windows on my own machine even when not presenting. But further than that, it's not fair to say everything has to be read only from the most or the least charitable viewpoints. Context is a thing and if you're even a little bit familiar with the history of software enshittification, it's reasonable to assume that an uncharitable reading is fair without assuming the app will now melt your computer for spare parts if you try something that is disallowed. 'As shitty as we can get away with' might be a good rule of thumb.
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    I use it for my self hosted apps, but yeah, it's rarely useful for websites in the wild.
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    cupcakezealot@lemmy.blahaj.zoneC
    !upliftingnews@lemmy.world
  • Microsoft Bans Employees From Using DeepSeek App

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    (Premise - suppose I accept that there is such a definable thing as capitalism) I'm not sure why you feel the need to state this in a discussion that already assumes it as a necessary precondition of, but, uh, you do you. People blaming capitalism for everything then build a country that imports grain, while before them and after them it’s among the largest exporters on the planet (if we combine Russia and Ukraine for the “after” metric, no pun intended). ...what? What does this have to do with literally anything, much less my comment about innovation/competition? Even setting aside the wild-assed assumptions you're making about me criticizing capitalism means I 'blame [it] for everything', this tirade you've launched into, presumably about Ukraine and the USSR, has no bearing on anything even tangentially related to this conversation. People praising capitalism create conditions in which there’s no reason to praise it. Like, it’s competitive - they kill competitiveness with patents, IP, very complex legal systems. It’s self-regulating and self-optimizing - they make regulations and do bailouts preventing sick companies from dying, make laws after their interests, then reactively make regulations to make conditions with them existing bearable, which have a side effect of killing smaller companies. Please allow me to reiterate: ...what? Capitalists didn't build literally any of those things, governments did, and capitalists have been trying to escape, subvert, or dismantle those systems at every turn, so this... vain, confusing attempt to pin a medal on capitalism's chest for restraining itself is not only wrong, it fails to understand basic facts about history. It's the opposite of self-regulating because it actively seeks to dismantle regulations (environmental, labor, wage, etc), and the only thing it optimizes for is the wealth of oligarchs, and maybe if they're lucky, there will be a few crumbs left over for their simps. That’s the problem, both “socialist” and “capitalist” ideal systems ignore ape power dynamics. I'm going to go ahead an assume that 'the problem' has more to do with assuming that complex interacting systems can be simplified to 'ape (or any other animal's) power dynamics' than with failing to let the richest people just do whatever they want. Such systems should be designed on top of the fact that jungle law is always allowed So we should just be cool with everybody being poor so Jeff Bezos or whoever can upgrade his megayacht to a gigayacht or whatever? Let me say this in the politest way I know how: LOL no. Also, do you remember when I said this? ‘Won’t someone please think of the billionaires’ is wearing kinda thin You know, right before you went on this very long-winded, surreal, barely-coherent ramble? Did you imagine I would be convinced by literally any of it when all it amounts to is one giant, extraneous, tedious equivalent of 'Won't someone please think of the billionaires?' Simp harder and I bet maybe you can get a crumb or two yourself.
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    100% agreed. Here's a relevant Louis Rossmann video where a US Senator (Ron Wyden) officially asked the FTC to look into issues like this. I sincerely hope something comes out of this.
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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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    ... robo chomo?