Skip to content

San Francisco crypto founder faked his own death

Technology
7 7 0
  • This post did not contain any content.
  • This post did not contain any content.

    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!

  • This post did not contain any content.

    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.

  • This post did not contain any content.

    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.

  • 25 Stimmen
    6 Beiträge
    0 Aufrufe
    A
    No, fuck off with your scams.
  • 513 Stimmen
    54 Beiträge
    0 Aufrufe
    E
    My cousin partially set his bedroom on fire doing something very similar with the foil from chewing gum. This was in the 1980s though so no one really cared, I'm pretty sure he just got shouted at.
  • 326 Stimmen
    20 Beiträge
    1 Aufrufe
    roofuskit@lemmy.worldR
    It's extremely traceable. There is a literal public ledger if every single transaction.
  • 298 Stimmen
    8 Beiträge
    0 Aufrufe
    kolanaki@pawb.socialK
    Internet access should be a utility like electricity and water until all three, along with housing, medicine, and food, can be free to all.
  • Are We All Becoming More Hostile Online?

    Technology technology
    31
    1
    212 Stimmen
    31 Beiträge
    2 Aufrufe
    A
    Back in the day I just assumed everyone was lying. Or trying to get people worked up, and we called them trolls. Learning how to ignore the trolls, and not having trust for strangers on the internet, coupled with the ability to basically not care what random people said is a lost art. Somehow people forgot to give other the people this memo, including the "you don't fucking join social networks as your self". Anonymity makes this all work. Eternal September newbies just didn't get it.
  • 12 Stimmen
    3 Beiträge
    0 Aufrufe
    F
    The new Pebble watches look interesting. Relatively basic, but long battery life (they promise) and open-source operating system.
  • 119 Stimmen
    55 Beiträge
    0 Aufrufe
    D
    I bet every company has at least one employee with right-wing political views. Choosing a product based on some random quotes by employees is stupid.
  • Microsoft's AI Secretly Copying All Your Private Messages

    Technology technology
    4
    1
    0 Stimmen
    4 Beiträge
    0 Aufrufe
    S
    Forgive me for not explaining better. Here are the terms potentially needing explanation. Provisioning in this case is initial system setup, the kind of stuff you would do manually after a fresh install, but usually implies a regimented and repeatable process. Virtual Machine (VM) snapshots are like a save state in a game, and are often used to reset a virtual machine to a particular known-working condition. Preboot Execution Environment (PXE, aka ‘network boot’) is a network adapter feature that lets you boot a physical machine from a hosted network image rather than the usual installation on locally attached storage. It’s probably tucked away in your BIOS settings, but many computers have the feature since it’s a common requirement in commercial deployments. As with the VM snapshot described above, a PXE image is typically a known-working state that resets on each boot. Non-virtualized means not using hardware virtualization, and I meant specifically not running inside a virtual machine. Local-only means without a network or just not booting from a network-hosted image. Telemetry refers to data collecting functionality. Most software has it. Windows has a lot. Telemetry isn’t necessarily bad since it can, for example, help reveal and resolve bugs and usability problems, but it is easily (and has often been) abused by data-hungry corporations like MS, so disabling it is an advisable precaution. MS = Microsoft OSS = Open Source Software Group policies are administrative settings in Windows that control standards (for stuff like security, power management, licensing, file system and settings access, etc.) for user groups on a machine or network. Most users stick with the defaults but you can edit these yourself for a greater degree of control. Docker lets you run software inside “containers” to isolate them from the rest of the environment, exposing and/or virtualizing just the resources they need to run, and Compose is a related tool for defining one or more of these containers, how they interact, etc. To my knowledge there is no one-to-one equivalent for Windows. Obviously, many of these concepts relate to IT work, as are the use-cases I had in mind, but the software is simple enough for the average user if you just pick one of the premade playbooks. (The Atlas playbook is popular among gamers, for example.) Edit: added explanations for docker and telemetry