Crypto Schizo
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1 155
Repost from Science Cringe
"Is Ripple a Scam?" - Jason Blomberg, Forbes, 10DEC2021
>the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase its value. Unlike most crypto pump and dumps, XRP takes numerous steps to obscure this basic fact.
>One of the strongest indicators that Ripple is a going concern is the dozens of customers it touts. Look more closely, however, and most such companies are âpartners,â not customers â and to make matters worse, Ripple pays companies to become partners.
>Pump and dump schemes leverage the perceived value of the asset in question, not its intrinsic value. âI have a tough time understanding, even if a lot of banks use Ripple to move billions of dollars, why does that increase the value of XRP?â
https://web.archive.org/web/20250724113223/https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/
https://web.archive.org/web/20250522200106/https://pizzamind.medium.com/the-biggest-scam-in-crypto-history-f486ff6450a4
(Cryptocurrency)
1 155
Repost from Science Cringe
"A Solana Critique; Lies, Fraud & Dangerous Trade-Offs" - Justin Bons, Cyber Capital, 2024
Article Sections:
>Birthed in Fraud
>Faking Usage Number
>Fake TPS
>Caught Lying About Fake TPS
>Fake TVL
>Dangerous Design Trade-Offs
>Frequent Downtime
>Dangerous Vulnerabilities
>Solana Phone
>Solana Is Not Innovative
>A Pattern of Bad Behavior
https://cyber-capital-amsterdam.webflow.io/news/a-solana-critique-lies-fraud-dangerous-trade-offs
(Cryptocurrency)
1 155
Repost from Science Cringe
"Child abuse imagery found within bitcoin's blockchain" - Samuel Gibbs, Guardian, 20MAR2018
>Researchers from the RWTH Aachen University, Germany found that around 1,600 files were currently stored in bitcoinâs blockchain. Of the files least eight were of sexual content, including one thought to be an image of child abuse and two that contain 274 links to child abuse content, 142 of which link to dark web services.
>âOur analysis shows that certain content, eg, illegal pornography, can render the mere possession of a blockchain illegal,â . âAlthough court rulings do not yet exist, legislative texts from countries such as Germany, the UK, or the USA suggest that illegal content such as [child abuse imagery] can make the blockchain illegal to possess for all users.â
>While the spending of bitcoin does not necessarily require a copy of the blockchain to facilitate, some processes, such as some mining techniques, require the downloading of the full blockchain or chunks of it.
https://archive.ph/P3NJG
(Tech L)
1 155
Repost from Science Cringe
"Qubic Hits 52.72 % Of Moneroâs Total Hashrate" - La RĂ©daction C., Cointribute, 12AUG2025
>Qubic briefly reached 52.72% of Moneroâs hashrate with 3.01 GH/s, demonstrating exceptional computing power.
>The project aims to maintain more than 51% hashrate dominance between August 2 and 31, 2025 as part of a planned test.
>A technical collaboration between Sergey Ivancheglo and Shai documents results and addresses accusations of malicious attacks.
>Many Monero miners migrated to Qubic despite a DDoS attack temporarily reducing the poolâs power.
>The temporary reaching of the 51 % hashrate threshold represents a major event in the crypto ecosystem. Theoretically, this level of control allows the blockchain to be reorganized, double spends to be created, or transactions censored.
>However, Qubic claims this demonstration aims to strengthen Moneroâs security rather than attack it.
https://archive.ph/rWyef
(Cryptocurrency)
