Magic bean trader loses $30k due to some quantum bullshit

36  2017-12-02 by AnnoysTheGoys

28 comments

Best I can tell, every other type of magic bean, you can use the same wallet address over and over, but this magic bean only lets you use this once, because they're "quantum resistant". Also apparently all the other magic beans will start doing this soon.

lol seriously wtf. One of the comments is saying that basically, OP made a mistake in sending AND receiving magic beans (lol) using the same address, and that you can't do that because of some reason and that's why his $30 just literally disappeared.

What the fuck is up with IOTAs and IPOs and whatnot? The bitcoin dudes are just buying USD to BTC, and speculating on that. If you bought at the beginning of this year you could cash out right now with a nice profit. But all this new stuff is so weird and complicated that you can lose all your money over such a simple mistake???

Some Something Awful comedy/irony subforums would follow early bitcoin news and shit (prob. still do I just dont browse anymore).

The best, most hilarious stuff came from bitcoin; a lot actual design fuck-ups like this, but the best one was when a bitcoin miner went to sleep in his bedroom that housed a number of his 'mining rigs' running on a hot summer day and ended up with brain damage.

I have permanent minor brain damage now because my brain was too hot and swelled a lot

he lives with his parents, he was sleeping in the day, he hadn't got around to turning on his air conditioning

Darqwolf confirmed

He was just helping nature along really. I mean think about being in 110 degree room and not wanting to leave it to fall asleep in a tub or any place not 110 degrees.

They're basically get rich quick schemes in cryptocurrency for people who are to impatient to sit on bitcoin

IOTA is still very much in development so the fact that it hit $5/MIOTA was insane from my POV. And also why it crashed back down to $3.60/MIOTA.

There is a lot of potential in it but with the current state of the wallet and network it is not user/noob friendly at all.

I still think its worth investing in as part of a crypto portfolio but unless I was a multi millionaire I'd never be put $30,000 into it.

The best part is that the official "wallet" software doesn't prevent you from doing this.

With a vulnerability like this, there's probably a number of bots competing to steal the money first. Which explains why the money went so quickly.

Cryptocurrency has been an absolute gift for hackers, scammers, and pretty much anybody with low morals.

and pretty much anybody with low morals.

That reminds me, I need to figure out (((my angle))) for this

I'm a filthy, bottom-feeding (((trader))). You could try that. Although, warning, you'll probably have to read some books.

I'd rather sell the picks to the miners or something like my idea of selling carbon offset credits good feels to the burning man crowd for their annual migration.

Bitcoin insurance, to be paid out in Flooz or Beanie Babies.

That reminds me, I need to figure out (((my angle))) for this

I was trying to figure out where the $30,000 actually went, who got it, and how, but my laziness won over my greed.

Feel free to your own opinion but I suggest you look at the technology behind the cryptocurrency movement. It's pretty interesting stuff and it's worth reading about at least a little bit.

The tech behind it is super interesting. I can't wait for corporations to co-opt it for something useful.

In my opinion it has the potential to revolutionize many aspects of the economy but that's just me, I could sound crazy for that opinion lol. There's tons of potential uses for this kind of system, whether that potential comes to fruition though is still to be seen but I believe in the future of digital assets and currencies.

I disagree. Blockchains are slow, energy-hungry, and the only advantage they offer is being somewhat trustworthy if the mining power is spread out enough.

And blockchains are the only piece of tech in the whole cryptocurrency world that has been built and tested decently.

Yeah, I'm pretty heavily involved in cryptocurrency. Which is why I see people getting scammed almost every day.

Pretty much the only useful reason for a cryptocurrency to exist is to let you buy things without anyone knowing about it. Which is useful for various reasons. I just found out that the reason some japanese porn games are hard to get is due to pressure from credit card companies. Now, if bitcoin worked like it's damned supposed to, we could all just replace paypal with bitcoin and nobody would ever know that you like to buy japanese rape games online.

Why bitcoin morphed into some scam bubble bullshit, i have no idea.

Bitcoin is much more public than your credit card, though. If you buy "Lewd Traps Unlimited" with your credit card, only your credit card company and you know about it - and chances are your credit card company doesn't give a damn. If you buy it with bitcoin, it's in the public ledger.

For what it's worth, there is a crypto, Monero, which is designed to solve this. I doubt much will become of it, though, and it's the only cryptocurrency that I can see governments attempt to actually ban.

Seriously. All those botnets they had laying around for fucking with people can be used to literally generate them free money.

The great part is, you don't even need a botnet. A single raspberry Pi could do this.

The story of technology in general really.

I don't understand shit about all of that, and I'm not even gonna try to read all that text. So I'll blame the jews, because when money disappears without a trace it's usually them.