norm x (@normx) • Hey
Decentralised transportation 🏍️
Publications
- unfortunately this is how average people learn about crypto and I feel very frustrated that there are tons of disinformation like this on youtube (Chinese): https://www.youtube.com/watch?v=14BCR2gQDOA
The so called youtuber claims he's helping the others to take the money back from the scammer, and in this particular case the "victim" who asking for help wrote a script and opened "many accounts" to scrap off some astounding 48m USD profit by utilising the price diff and 3 minutes lag between 2 crypto exchange platforms, but the account holding platform allegedly keep locking up the user's accounts and refused to pay out, then after some twisting plots them found out the platform actually paid it out to some influencer who was previously also "requested by the victim for help", and that was because they charge a ludicrous amount of cut as "helping fee".
I believe anyone with some crypto common sense will immediately start to see the flaws in the story: because they mentioned locking up accounts and transfer user's money on behalf of the user to someone else, the account holding platform most likely to be a centralised exchanges, not a defi. From the search I've conducted, Taiwan also requires crypto service provider to KYC its users. Then how is it possible for them to open "many accounts"? opening that many accounts with different ID itself may very likely violates the t&c, as such there is no reason for the platform to pay out the money. Also we all know that in order for somebody to scrap money off using price diff between two places, that means: 1. the price diff must be >= crypto purchase fee on platform A + transfer gas fee + crypto sell fee on platform B. 2 condition #1 must be valid for at least longer than the time it takes for the crypto to be transfered and confirmed via ethereum network, which typically 1 min+. That means maintaining around 2% diff consistently for at least 1 min. How likely is that? Not to mention most crypto service set a daily cap.
However comment section shows most people buy in the story, considering crypto is a ludicrous way to earn for some "hackers", and often is a entangled with scams and money lost. This is so upsetting.
- gm monday!
- says if you are going to frozen your body and hibernate for 100 years, whats the best way to keep the saving for the future you?
- went through devil's punch bowl last sunday, slippy lanes and steep climb. my g310gs modified with rally raid lvl2 suspension holding up pretty well on the bumpy roads, had a few nice jumps, great fun.
- I believe decentralisation is a great solution to what happen recently to FTX and twitter, and I wish we can have a bit more non-crypto content to attract average people to here.
- Soaking wet
- had some hops around shaftbury drive
- today's ride ... good sleep tonight guaranteed.
- is lenster image posting broken 🤔
- Working with DALL-E tonight, writing prompts of women in Iran fighting for their freedom. It's a tough time for Iranian woman everywhere, and we are taught to always be composed and keep our emotions private, our voices soft and our thoughts quiet. Not anymore.
- 👏 Stop 👏 wasting 👏 time 👏 on 👏 hunting 👏 airdrops 👏 while 👏 you 👏 could 👏 spend 👏 the 👏 time 👏 to 👏 actually 👏 build 👏 an 👏 incredible 👏 audience 👏 with 👏 your 👏 content 👏 and 👏 get 👏 collects 👏
- The bike isn't just a tool that carry my weight around but also very importantly, it pulls me together when I am having an anxiety attack. I can't imagine living without it and yet boroughs around London are using the disinformation as execuses to block motorcycles.
- Stunning view outside a youth hotel near Zarautz, Spain
- This post will age well.
- #shootandride while I was on some random spanish #tet
- Picos de europa is really a forgotten gem for adventure motorcycle riders in UK. Super easy access with brittany ferry and plenty trails to ride on, not to mention spanish foods are the best.
- first post with lens 🔥