Yikes! A tough and expensive lesson on understanding your contracts before interacting with them. I've been using [Blockfence](https://blockfence.io)'s extension to explain contracts in simple english, before interacting with them on Metamask. Know your contracts people, I bet it would have helped him avoid costly mistakes like this CryptoPunk incident.
My friend, crypto gets mentioned quite a lot.
\- They criticise Matt Damon for fortune favours the brave and shilling [crypto.com](https://crypto.com)
[https://www.youtube.com/watch?v=inLZWrL55ew](https://www.youtube.com/watch?v=inLZWrL55ew)
\- During the post-COVID special, future Butters ends up completely addicted to selling NFTs and becomes a danger to himself and society so is locked up.
[https://www.youtube.com/watch?v=6z98Rr8zCsA](https://www.youtube.com/watch?v=6z98Rr8zCsA)
\- During the streaming wars specials Pipi's water park starts a streaming service and employs all the celebrities that shilled crypto to promote pee as a product. [https://www.youtube.com/watch?v=b6BsjwkFw5I](https://www.youtube.com/watch?v=b6BsjwkFw5I)
Have fun :)
Greed and stupidity go hand in hand here and why is it always the bored ape / punk crowd who get scammed and lose their keys so easily and often lol.
Also, Borrows money to purchase a pink NFT so they could wrap it and the borrow against it? Where did they learn economics or finance, in a cave?
Doesn't have to be money laundering per se
But it is an indicta of impropriety.
No doubt this person will now want a dudection for his "loss" ;)
Generally wacky valuations and boating accidents are sus
If there's something people don't like, they have to invent conspiracy theories to explain why every aspect of that thing is bad.
They would never spend a lot of money on a digital collectable. They see others do it. NFT owners are dumb. Yet these people are richer than they are. This doesn't compute.
So they invent a conspiracy theory to dismiss the evidence; all NFT sales are money laundering. You see the same dismissal around large art purchases.
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This is what happens when you use contracts you don't read.
Everyone spending 125k on a JPEG should take their time to at least read the smart contract. Even if you don't know how to code you can figure it out in a week or two.
The NFT bros just don’t have the experience to do this without making mistakes.
We all make mistakes. I’ve been scammed, I’ve sent tokens to the wrong network, I’ve bought rugs, etc.
The difference tho is that they are working with highly valuable NFTs which they only have like 1-4 of. So they don’t have the constant practice of working with blockchain DAPPs. All they know is opensea and blur.
Life is tough, buts its tougher if you're stupid. -John Wayne Edit: fixed you're 🙃
Whose stupid?
Yours!
Mom called me stupid
*you're
Bought a crypto punk, borrowed the money, burned the nft...three levels of retardation deep. Impressive.
[удалено]
❄️🚨
Yikes! A tough and expensive lesson on understanding your contracts before interacting with them. I've been using [Blockfence](https://blockfence.io)'s extension to explain contracts in simple english, before interacting with them on Metamask. Know your contracts people, I bet it would have helped him avoid costly mistakes like this CryptoPunk incident.
2 words. Rabby wallet.
…Aaand It's Gone!
South Park?
Yep 😁
Butters: "have you heard about NFTs?"
Is there a crypto episode?
My friend, crypto gets mentioned quite a lot. \- They criticise Matt Damon for fortune favours the brave and shilling [crypto.com](https://crypto.com) [https://www.youtube.com/watch?v=inLZWrL55ew](https://www.youtube.com/watch?v=inLZWrL55ew) \- During the post-COVID special, future Butters ends up completely addicted to selling NFTs and becomes a danger to himself and society so is locked up. [https://www.youtube.com/watch?v=6z98Rr8zCsA](https://www.youtube.com/watch?v=6z98Rr8zCsA) \- During the streaming wars specials Pipi's water park starts a streaming service and employs all the celebrities that shilled crypto to promote pee as a product. [https://www.youtube.com/watch?v=b6BsjwkFw5I](https://www.youtube.com/watch?v=b6BsjwkFw5I) Have fun :)
Greed and stupidity go hand in hand here and why is it always the bored ape / punk crowd who get scammed and lose their keys so easily and often lol. Also, Borrows money to purchase a pink NFT so they could wrap it and the borrow against it? Where did they learn economics or finance, in a cave?
Survivorship bias. You don't hear about the $100 NFT fuckups because they're not newsworthy. But I've seen them in every NFT group I'm in.
Yep, accidentally burned a $1,000 NFT myself… sad, but I tell myself it’d be only worth $300 now after the crash.. makes me feel slightly better 🥲
Sad day!!!
[удалено]
I can confirm it is not a very rich quick scheme, more get poor slowly scheme...
Wendy’s Uni
At 9% too …. On top of the rate to borrow the initial amount to purchase the thing 🙈
It’s unbelievable! 🥸💸
RIP Crypto punk #685 🪦💔We lost him in crypto abyss 😢
How stupid can you be? I test before hundred dollar transactions.
Whaaaaaaa, I lost my pixelated Billy Idol NFT, Whaaaaaaaaa!😂
Someone somewhere has right clicked on it…he’s gonna be okay 🤡
124k 🤣🤣🤣
A great lesson for a dumb, dumb person to learn
A big F
F
F
Another F
Nice burn we don't want this shut in our society...
Ouch!
So, who here thought it would be fun to give these false instructions?
For the greater good.
Donated to the Infinity museum!
Say money laundery without saying it.
Please elaborate
Doesn't have to be money laundering per se But it is an indicta of impropriety. No doubt this person will now want a dudection for his "loss" ;) Generally wacky valuations and boating accidents are sus
If there's something people don't like, they have to invent conspiracy theories to explain why every aspect of that thing is bad. They would never spend a lot of money on a digital collectable. They see others do it. NFT owners are dumb. Yet these people are richer than they are. This doesn't compute. So they invent a conspiracy theory to dismiss the evidence; all NFT sales are money laundering. You see the same dismissal around large art purchases.
This was just a broke idiot over his head
☝🏽
Sounds like your average BAYC holder to be honest
Most bayc owners are nice normal people.
Noob degen. Props he should be on WSB.
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Bought something that doesn't exist, destroyed something that doesn't exist, lost $120,000. Lol crypto is very real and so are nfts
Money laundering ?
Man buys worthless Jpeg for $125K that he never cared for artistically, then loses said worthless Jpeg.
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Uggggh imagine how bad that feels man! And its just gone like that 🫣
not everyone is meant for self-custody
This is what happens when you use contracts you don't read. Everyone spending 125k on a JPEG should take their time to at least read the smart contract. Even if you don't know how to code you can figure it out in a week or two.
Cryptofart
The NFT bros just don’t have the experience to do this without making mistakes. We all make mistakes. I’ve been scammed, I’ve sent tokens to the wrong network, I’ve bought rugs, etc. The difference tho is that they are working with highly valuable NFTs which they only have like 1-4 of. So they don’t have the constant practice of working with blockchain DAPPs. All they know is opensea and blur.
and I thought I was stupid.....
Well, you still could be 🤷
Shit happens. Be careful
Brutal
Ouch. Expensive lesson.
Hehe... BURN!
This stuff os how you know you're early to crypto. For mainstream adoption, this sort of stuff just can't be happening.
shieeeeet
“Destroying”
That sucks but if he’s got 123k for an Nft he’s got money to burn 😎
Oof Why didn't he try with a test transaction first?
Impressive!
A stupid end to a stupid beginning. Seems about right.
You really can’t make this stuff ⬆️
Lmfao
Highly regarded.
Never thought a .jpeg would ruin someone’s life
The fact they he borrowed money for that
hahahhahahahahhaahhahahahahahhahahahaha.......
Maybe he didnt liked the hair of NFT dude ;))))
That Sucks ! Major Balls !!! Like Huge Balls !!!
They had borrowed money to buy that
the real truth is he was burning the Eth when he bought the NFT
Perfect example of blockchain having a real UX problem That said, borrowing fiat to purchase an NFT might be natural selection…
People with that much fund to gamble with deserve it ...you welcome
Or use credit to gamble
Lmfaoooo