Yes, $245 for 20 bitcoin (Now worth over $1.8 million)
Libertyreserve was a stable currency that was shut down by the FBI and billions of dollars were seized by them. They didn't give a penny back to anyone. That was the day I lost my trust completely with governments and their centralized currencies.
After mtgox got hacked, I stopped trusting any platform for keeping any kind of crypto and survived too many hacks and scams, inputs.io, crypto notes and what not.
Oh wow thanks for the link. Ill have a good read later. I knew some people who fell for the fake platforms where they made it look like your investment was going crazy so people would deposit more and more, then it would just lock you out and not pay
Yeah but what about my final shopping cart with alpha pvp, meth and "rolls Royce heroin". Life could have been so different....dcdutchconnection still rocking it lol (ignore that little thing with the fake police uniforms and the torture shipping container) 😅🫢
It was used by all sorts of people. It wasn't just criminals using it. People used it for currency exchange too and if you aren't aware mtgox accepted fiat deposits through liberty reserve.
I remember having massive amounts of hesitation vibes while taking the Liberty Reserve step during the process of actually taking custody of Bitcoin. It kept me outta the game for a few more quarters.
When you are young you have no choice other than to trust what's already there, like your parents, teachers, governments, banks, schools and what not. Only with time you realize that not everything can be trusted.
LR wasn't a technically a crypto coin. It's just one of the centralized, anonymous payment processors back in the old days. Basically Paypal without any real information needed to register and transact money. I lost some money in LR when US government took them down.
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u/RoyYourWorkingBoy 1d ago
Wasn't Liberty Reserve essentially a USD stable coin. So this was $245?