No Matter the Form, Easy Money Is Still a Fraud \ stacker news ~econ

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No Matter the Form, Easy Money Is Still a Fraud mises.org/mises-wire/no-matter-form-easy-money-still-fraud

224 sats \ 8 comments \ @Undisciplined 11 Oct 2024 econ

By Jane L. Johnson

A recent fraudulent check-kiting scheme featured on TikTok bears resemblance to some of the “free money” schemes that have been coming from the Fed.

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35 sats \ 5 replies \ @SimpleStacker 11 Oct 2024

0 sats \ 4 replies \ @Undisciplined OP 11 Oct 2024

Of course, in Mises Institute style, there's no mention of Bitcoin solving this.

I hadn't heard about the TikTok check-kiting scheme, had you?

25 sats \ 3 replies \ @SimpleStacker 11 Oct 2024

I had. I'm a bit amazed at the naivete of some people, thinking that this was a "glitch" they could simply get away with.

19 sats \ 2 replies \ @Undisciplined OP 11 Oct 2024

Filming yourself taking money from a bank that you know isn't yours and then posting it online is worthy of some type of legal analogue to the Darwin Awards.

45 sats \ 1 reply \ @SimpleStacker 11 Oct 2024

First thing that came to mind was the "Jussie Smollet Awards", but it's not quite the same

19 sats \ 0 replies \ @Undisciplined OP 11 Oct 2024

For ruinously stupid (but not fatal) decisions.

31 sats \ 0 replies \ @Thereal 11 Oct 2024

Proof of work proved theft behind every "free money"

30 sats \ 0 replies \ @Satosora 11 Oct 2024

Everyone wants to get rich quick without the actual work.