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Author Topic: Learn a skill instead, you will be set for life.  (Read 537 times)
Nheer
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June 05, 2024, 12:57:31 PM
 #61

https://crypto.news/heir-to-cartier-empire-arrested-for-attempted-money-laundering-using-usdt/

Many newbies and beginners believe that crypto is a way they can move funds without the government knowing, you are wrong, in fact crypto is a very bad way of laundering money, everything you do can be traced.

This guy is charged with drug trafficking and laundering of funds using USDT, I can't stop laughing when I read this news, USDT that's even wired to clap on illegal funds, it is centralized in and out.

If your source of money is not clean, crypto is not your home, where you should feel safe.
The guy should have known better and he should’ve understood that crypto transactions can also be traced and he should’ve learned how to cover his tracks properly but it serves him right, money laundering is a criminal activity and we shouldn’t partake in it. Is it that the guy is a novice and is not aware USDT cannot be used for such criminal acts, cryptocurrency does not make your transaction go untraceable but people think because it’s aimed at providing improved privacy they feel they can carry out illegal activities using cryptocurrency.

The culprit in the story is one that is already made for life going by his  background in the story it said, and I quote  "he is an heir to cartier empire, a direct descendent of Louis Cartier; the founder of the luxury watch, necklace, and bracelet maker", end of quote. If he was never caught I guess no one would have believed he was into such shit and illegal business his financial success would have been rather attributed to the influence of his lineage, but thanks to cryptocurrency, he was flagged out for what he really does.
You’re right, most of these rich folks usually get their hands dirty and if he wasn’t caught no one would have believed he is into money laundering. I wonder what kind of money a person who is an heir to such successful wealth is looking for that he would risk his freedom and go into something illegal, what kind of wealth is he after, now he has been caught andd would definitely be punished for such act. This is a really good story that would teach people a lot, many would learn that crypto is not a hiding place for criminals and they would be caught one day if they don’t stop.

 
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Cryptomultiplier
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June 05, 2024, 09:08:20 PM
 #62

https://crypto.news/heir-to-cartier-empire-arrested-for-attempted-money-laundering-using-usdt/

Many newbies and beginners believe that crypto is a way they can move funds without the government knowing, you are wrong, in fact crypto is a very bad way of laundering money, everything you do can be traced.

This guy is charged with drug trafficking and laundering of funds using USDT, I can't stop laughing when I read this news, USDT that's even wired to clap on illegal funds, it is centralized in and out.

If your source of money is not clean, crypto is not your home, where you should feel safe.
The guy should have known better and he should’ve understood that crypto transactions can also be traced and he should’ve learned how to cover his tracks properly but it serves him right, money laundering is a criminal activity and we shouldn’t partake in it. Is it that the guy is a novice and is not aware USDT cannot be used for such criminal acts, cryptocurrency does not make your transaction go untraceable but people think because it’s aimed at providing improved privacy they feel they can carry out illegal activities using cryptocurrency.

The culprit in the story is one that is already made for life going by his  background in the story it said, and I quote  "he is an heir to cartier empire, a direct descendent of Louis Cartier; the founder of the luxury watch, necklace, and bracelet maker", end of quote. If he was never caught I guess no one would have believed he was into such shit and illegal business his financial success would have been rather attributed to the influence of his lineage, but thanks to cryptocurrency, he was flagged out for what he really does.
You’re right, most of these rich folks usually get their hands dirty and if he wasn’t caught no one would have believed he is into money laundering. I wonder what kind of money a person who is an heir to such successful wealth is looking for that he would risk his freedom and go into something illegal, what kind of wealth is he after, now he has been caught andd would definitely be punished for such act. This is a really good story that would teach people a lot, many would learn that crypto is not a hiding place for criminals and they would be caught one day if they don’t stop.
What many people fail to acquire in addition to a good paying skill, is education.
Am sure if the guy in this story was educated enough mostly as it regards the crypto currency space and activities, he would have learnt how to use mixrs and some privacy coins like Monero and -zcash and the likes, although they are not as easily seen on many exchanges today because of such illicit activities like money laundering, yet having a good skill and learning how best to stay safe and keep accumulating wealth is one sure way to enjoy regulations from government and exchanges in total.

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boyptc
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June 05, 2024, 09:55:11 PM
 #63

Even if they're going to use privacy coins, the time will come that they will have hard time to liquidate them because many exchanges are pressured by the government to delist them.

And as for USDT, Tether has the ability to freeze funds of a certain address. Whether in crypto or not, people shouldn't engaged with illegal activities.

That's the moral of this story and yes, learn a skill and earn from it.

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Lida93
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June 06, 2024, 03:50:00 AM
 #64

The culprit in the story is one that is already made for life going by his  background in the story it said, and I quote  "he is an heir to cartier empire, a direct descendent of Louis Cartier; the founder of the luxury watch, necklace, and bracelet maker", end of quote. If he was never caught I guess no one would have believed he was into such shit and illegal business his financial success would have been rather attributed to the influence of his lineage, but thanks to cryptocurrency, he was flagged out for what he really does.
You’re right, most of these rich folks usually get their hands dirty and if he wasn’t caught no one would have believed he is into money laundering. I wonder what kind of money a person who is an heir to such successful wealth is looking for that he would risk his freedom and go into something illegal, what kind of wealth is he after, now he has been caught andd would definitely be punished for such act. This is a really good story that would teach people a lot, many would learn that crypto is not a hiding place for criminals and they would be caught one day if they don’t stop.
What many people fail to acquire in addition to a good paying skill, is education.
Am sure if the guy in this story was educated enough mostly as it regards the crypto currency space and activities, he would have learnt how to use mixrs and some privacy coins like Monero and -zcash and the likes, although they are not as easily seen on many exchanges today because of such illicit activities like money laundering, yet having a good skill and learning how best to stay safe and keep accumulating wealth is one sure way to enjoy regulations from government and exchanges in total.
  Well, if you say it that way then it's as though you are in support of  the use of mixers by these uncouth fellas  for money laundering of which i object  to your view that. I should believe that those platforms were initially intended to drive the ideology of bitcoin which is all about privacy, where legitimate funds can be mixed there for the purpose of just maintaining privacy but it's unfortunate that illegal people knows how to infiltrate, corrupt and abuse a system.

Our reason for been learned or knowledgeable about anything at all shouldn't be for how to use it for criminally intended purposes but should be for advancement and development of society and not in the way you're making it appear.

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IceLincoln
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June 07, 2024, 10:22:18 PM
 #65

Most people believe ones you learn a skill all is set but reality is not usually so. There are things you need to do first. One of them is marketing yourself. You have to know how to market yourself to your target audience.
Also, you need to know that you will constantly learn. Never stop learning and trying to improve yourself. You must know that you're not the only one with that particular skill, there are tons of people with that skill so something has got to set you apart from the rest and that's only by getting better.
Yes learning a skill is not all, you have to get better, practice and be able to sell your self. What you have learnt wouldn’t help you if people don’t know about it. Marketing to the right set of people is key and also been very good at your skill to the point your works speaks for you then you can say you’re set for life, even then you can’t stop learning. I support getting a skill and developing it mostly Tech skills.
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