de-dollarization
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Tobytone
Verified User
I am familiar with Deal Dash. The thing that immediately clued me in on the scam was their repeated mantra, 'The fair and honest' website or something like that. I think they repeat that at least 10 times per ad. That's called a red flag unless you're a moron, lol.Yes sir! Those were good times.
@Tobytone I personally had a lot of fun watching "the graphs" when I had decided to learn more about the crypto scams. Two terms to familiarize yourself with are "canyons" and "shark teeth". "Shark teeth" occur whenever the insiders fiddlefuck around with the prices for a few minutes (e.g. whenever buy/sell orders are processed) and then quickly return them back to normal a few minutes later. "Canyons" are similar, but they are a harsher change in price and that change in price doesn't instantly "revert back". If you analyze "the graphs" under such circumstances, you will notice why IBDaMann and I make use of said terminology. Some examples of "shark teeth" and "canyons":
P.S. If you're interested in a different type of scam, I've also familiarized myself with the DealDash scam. Have you ever heard of DealDash? They advertise on TV quite often about how all sorts of people supposedly buy all sorts of expensive items for dirt cheap. E.g. "I bought a PS5 for $40!", "I bought a laptop for $80!", etc.
gfm7175
Mega MAGA
Yeah, "the boy who cried honor" is definitely a red flag. They make much of their money on the "bid packs" that one must use in order to participate in their "penny auctions".
Tobytone
Verified User
So, they make you bid in 1 or 5 cent increments, something very small and then what they charge you per bid or per bundle of bids? I guess if it doesn't take too much effort, what are the highlights of the 'fair and honest deal'?
gfm7175
Mega MAGA
They make you bid in 1 cent increments (IOW, each bid raises the price of the item by $0.01). It's difficult to say exactly how much is charged per bid bundle (as the price is dynamic), but it supposedly can be as "cheap" as 12 cents/bid (but it will actually cost more than that). But even so, you're paying $0.12 for a $0.01 bid. Guess who is getting the best deals? Answer, it ISN'T you (the one who is being FLEECED via purchasing "bid packs").
Tobytone
Verified User
Wow, that sounds great. The fair and honest site requires one to be simple and stupid. Thanks for the quick summary. I wonder if I can snag an iPad for 20 bucks. Let's see that's .12 x 1000 = 120$ (is that about right?) Not too bad, but I'm guessing you don't win them all, lol.
gfm7175
Mega MAGA
That it does!
With penny bids (that start off at $0.00 and the first bid raises the item price up to $0.01), it would take 2,000 bids to get the iPad price up to $20.00 ... Now, those 2,000 bids are coming from all sorts of different
For simplicity's sake, to loosely illustrate how this website fleeces people, let's say that, in the above example of someone snagging an iPad for $20, Person A used 100 bids, Person B used 300 bids, Person C used 500 bids, Person D used 500 bids, and Person E (the eventual winner) used 600 bids. Let's say that they all purchased their bids at $0.15/bid.
Person A = spent and lost $15 on purchasing bids; nothing to show for it.
Person B = spent and lost $45 on purchasing bids; nothing to show for it.
Person C = spent and lost $75 on purchasing bids; nothing to show for it.
Person D = spent and lost $75 on purchasing bids; nothing to show for it.
Person E = spent and lost $90 on purchasing bids; spent another $20 to claim the "cheap" iPad that he won. --- But OMGzzzz FREE SHIPPING though!!!!!
IOW, Person E has now spent $110 to get the iPad that "OMGzzzz ONLY WENT FOR $20!!!!!!!". If it normally retails at $300, then this person is still getting the iPad for roughly 1/3 of the retail price.
However, Deal Dash is happy... Deal Dash = $15+45+75+75+90+20 = $320
This is how Deal Dash is able to offer "suuuuuuuch amaaaaaaaaazing stuff" at "such amaaaaaaaaaaaazing prices".... completely off of the backs of all the suckers who are happy to get FLEECED by throwing their money away towards bid packs and getting absolutely nothing in return for it beyond the joy of "pulling the lever" and "hearing the sounds". Might as well just go to the nearest casino. In fact, depending on what you choose to do there, your chances of "winning big" could be much better.
In some instances, even the "big winner" on a Deal Dash penny auction still ends up getting fleeced in the end because that person uses up so many bids to win the item that he ends up paying even MORE than retail price for the item, so in such an instance literally EVERYONE loses (except for Deal Dash, of course).
Tobytone
Verified User
I get it, it's a lottery with very few winners relative to the number of players. My lazy math was a demonstration using only two people bidding against each other. Of course, there are always many people that foolishly keep spending to bid and lose. The very fact that you have to pay to bid should be a planet sized red flag, lol. Hey, people like to gamble, I suppose. Let them eat cake!
gfm7175
Mega MAGA
Yup, you get the gist of it. You can see the huge red flags right from the start.
It's similar with the shitcoin scams... the "canyons" and "shark teeth" repeatedly seen in the price graphs are both very quick red flags.
The global warming faith (and the related ozone hole faith) both have similar huge red flags associated with them. What you'll quickly find out about those faiths is that they are essentially just one great big lie of omission.
Tobytone
Verified User
Yep, been there, done that. It's a repetitive theme when one learns how the Marxist mind works as far as the political arena goes. It's really just understanding that the world is inherently the devil's playground, and he is the great deceiver. All of the scams, business or politics share a common thread. Once you spot it a couple of times you see that it's everywhere. That said, a touch of wisdom and common sense is a very strong shield. Most on the right have those shields some smaller than others, the left is naked with nothing to save them from the scam. Sorry to get all Theistic, but it's true.
gfm7175
Mega MAGA
What one will also notice with regard to the devil is that he is a counterfeiter.
E.g. -- Satan has his own "holy trinity": dragon, beast, false prophet. Satan has his own versions of marriage (such as the joining together of two people in general, not necessarily one man and one woman). Satan has his own version of "gender" (a "spectrum" of seemingly anything, not just male and female).
But yes, Satan is a great deceiver. He even takes what are otherwise natural desires and he convinces us to pervert those desires. E.g. the productive desire for sustenance gets perverted into the destructive desire for gluttony, and the productive desire for sexual intimacy within marriage gets perverted into all sorts of destructive sexual sins (adultery, homosexuality, porn, masturbation, et al).
Every single one of us stumbles and falls at one point or another (on a daily basis). Every single one of us has particular "weaknesses" for certain types of sin (which can and does lead into committing habitual sin). Thankfully, we get a lifetime (of unknown length) to learn how to be overcomers (through the grace of Jesus Christ and through faith in him and his death and resurrection and second coming).
Very true. The left largely depends upon the "hivemind", which leaves them naked and wholly exposed to such scams (with nothing to defend themselves).
The Bible talks about wearing the Armor of God, which includes the shield of faith, the belt of truth, and the helmet of salvation.
I love me some Theism, particularly Christianity.
IBDaMann
Well-known member
I remember the exciting play-by-play, like a sporting event. I toyed with the idea of calling these extreme cases "crevasses" because they don't take any prisoners; once you fall in, you're doomed.
What I truly don't understand, is the sheer excitement exuded by those about to be fleeced. You noticed that there was absolutely nothing we could do to sour Xadoman's glee in offering up his last dime to be taken, no chart we could show him, no losses he could realize, ... there was no way to get him to change his mind about giving away his cash, or of even selling to cut his losses (which made me wonder if he perhaps doesn't know how to sell and is too embarrassed to admit it). He would always point to unnamed others who made 100x.
Well, since then, I have run into many people similar to Xadoman, and the moment I attempt to advise them to just get out and invest in something solid, the eyes immediately glaze over and they become defensive. I feel the same pressure brewing as though I'm about to tell Team Israel that IDF snipers are targeting Arab children waiting in food lines, i.e. they don't want to hear it and instantly stop listening. It's around that time that they become indignant and explain how many times they "made money" when they are only talking about times the price moved in the upwards direction, and never mention that they have only ever lost money overall and that they never sold when the price did rise, but were always eager to accept any lame excuse for the crypto's downfall, e.g. "Man, I'd have made 40x if it hadn't been for that damned software bug on the exchange; now that they have it fixed, there's nothing to stop it from mooning so we had all better lock in at the low price before it does."
In fact, isn't that how it all started? Xadoman was asking us all what kind of "made it" car we were all going to buy, because he had just bought a whole bunch of SAFEMOON and he was obviously going to safely moon ... the Reddit site said so. Didn't we simply advise Xadoman to just sell and get out before it plunged into the shitter? Yes, I vaguely recall recommending against Xadoman flushing his money away, especially after he explained how little he has for food and rent. He said that he wanted to be a crypto-billionaire, but he could accomplish that today, many times over, by buying $1 worth of Pitbull.
I am personally convinced that all people who get involved in crypto have debilitating gambling addictions.
IBDaMann
Well-known member
Yes, one big lie of omission, riding on the complete denial of human nature.
IBDaMann
Well-known member
This is totally the wrong place for the below, but I don't know where to put it. It's a little off topic but I noticed how the economic policy drifted into a bifurcation of fiat currency and blockchain, which slid into crypto->MLM->theism->Satan ... I figured I'd take it to the inevitable conclusion:
You just KNOW that all discussions on monetary policy lead to this.
gfm7175
Mega MAGA
There's that theistic "fix" that I needed.
Beautiful!