Last week I heard Sam Altman was affiliated with this crypto outfit called World App. I'm a big fan of Sam and I had a little money to make a risky investment with so I thought I'd just quickly drop $1000 on it. It's called world coin (WLD). Now, they are moving away from WLD as a "currency" but it's still central to the World App concept, so I figured what the hell.
I did not approach this with a greedy heart or an evil heart. I just wanted to make a fun little gamble.
Crypto is so regulated in all the wrong ways (intentionally) that it has turned my life into a living nightmare.
That thousand dollars turned into about $900 immediately after various fees.
$850 resides on coinbase who locked my account and won't let me access the money $20 is on coinex who won't let me withdraw it because i don't have enough btc to meet the minimum withdraw fee $20 got sent to the World App which has since removed WLD from it's wallet, effectively deleting the money.
None of the support people help, they all give you the runaround. So my money went to three entities, one lost my money, one stole my money, and the other is holding my money (e.g. investing it) indefinitely.
By the way if coinbase goes bankrupt all money users have in their wallets is considered an insecure loan and those users will lose their money.
I really want to be clear that I am only giving you the highlights here. Just do me a favor and if you ever meet someone who is a crypto developer please, without hesitation, punch them in their face immediately. This is for titstitstits.
$ I am for crypto as a concept but I believe it's being regulated in a bad way in order to protect the dollar. So perhaps I am doing exactly what they want but on a personal level I advise you to NEVER GET INVOLVED WITH CRYPTO IN ANY WAY. Until there is a free market anyways.
$ Just to be clear you do need to use an exchange in order to trade crypto. My money was in BTC and had only been on the exchange for a few hours before it got locked.
titstitstits 0 points 6 months ago
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