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exit10-exodus.com is a scam

I don’t believe I fell for this, but I did.

I saw a Facebook ad promising to give me some money (10 EXIT) for trying out a mobile web version of Exodus. I really wanted to see a mobile app that didn’t require installation.

I’m greedy for freebies, so I clicked. It asked for my 12 word recovery phrase.

I typed it in. That was STUPID, but I did it.

I really wasn’t thinking.

Within a day, $26 worth of BCH was taken from the wallet.

Fortunately, the other coin wasn’t worth enough to steal.

This could have been a lot worse.

There’s no recovery from a heist like this. I will need to create a new wallet, and move the remaining funds (a whopping $6 of BSV) over to it. Click the link to get the instructions from the Exodus website.

Here’s a brief description of my process, on MINT Linux:

  1. create a new user account. I’m using Linux, so I do that in the “Settings”.
  2. Lock the screen, and switch to the other user.
  3. Start Exodus there, and it’ll create a fresh wallet.
  4. At this point, you will need a way to copy receiver addresses from one account to the other. You cannot use copy-paste.
    1. What I did was use the “Notes” feature in LastPass. You can use any note app that saves data to the network.
    2. Create a receiver address for each coin you are going to transfer.
    3. Put that info into the Notes.
  5. Next, make a backup of the wallet. This will require creating a new password, and will show a new 12-word seed.
  6. Print out the seed, or, do what I did, which was to type it into the LastPass note. I know, this is not totally secure, but it’s what I did. A printout is better.
  7. Switch users again, by locking the screen, and then switching users.
  8. To synchronize the LastPass notes, I logged out of LastPass and logged back in.
  9. Go into the compromized Exodus wallet and send your coin to the new receiver addresses.
  10. Next up, quit Exodus, and delete the old wallet files. In my case, they were in ~/.config/Exodus.
  11. Start up Exodus, and go through the backup restoration process.

I really should use a printed backup, but my filing and living situation is a bit to chaotic. The printout needs to be stored in multiple, well labeled locations, with instructions.

While $26 is not a lot of money, it could have been used to buy some food.

I’m reporting exit10-exodus.com to Fcebook.

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Buying Stuff for FREE On Here with Cryptocurrency

It’s simple:

If you have some cryptocurrency, and wish to buy something here, that can be arranged.

The easiest way is to use Coinbase. There are many good exchanges out there, but Coinbase seems to be the easiest for newbies. The best thing is, you can get “free money” from Coinbase to pay for the stuff.

Free Money

Coinbase has a “rewards” program where you get paid (in cryptocurrencies) to watch short videos and take easy quizzes.

The rewards are small – $3 or so is typical – but, over time, they can appreciate in value as the interest in the currency increases. Here’s what I’ve made in rewards so far (as of May 10, 2021):

It’s a little over $200, for watching instructional videos.

The ones at the top, I watched around a year ago. They’ve appreciated in value, a lot!

The ones at the bottom, I watched recently, and they dropped in value, though, not too much. Also, it’s not like I put any money into the system. This was free money.

Sign up with Coinbase through this link, and I might get a commission if you buy crypto on there.

The Videos

The videos weren’t boring. They were short explainers that described each cryptocurrency. Each is trying to find a niche in this new financial system. Watching the videos helps you learn about the product, and also, cryptocurrency in general.

Whether you think bitcoin is legit, or a big ponzi scam, you can still watch these videos and learn how these companies/capitalists are thinking.

Odds are, nearly all these products will “fail” and be swallowed up by a bigger company. That’s just capitalist consolidation. In the meantime, they are flush with venture capital money, and trying to get mindshare.

This gives the entire system a kind of flaky, bullshitty quality. It’s slick, but seems fake.

It’s not really “fake”: it’s promotional.

The companies are trying to identify and build lists of early adopters who are open to taking financial risks. At this point, we are not “early adopters”, but the people who come after the early adopters, but we are still a valuable customers, because we take risks.

Customer acquisition costs in finance are, according to a random blog I found, $175 per customer.

Think about those numbers above: they paid $3 in fake money to get me to watch a video, and now, I’m blogging about them. Holy moly, talk about “growth hacking”.

Buying Stuff Here

Anything I have in here, in inventory, or on Ebay, you can buy with crypto.

For example, I have a book and DVD combo for sale on Ebay for $8 + shipping. The shipping comes out to around $4. So the total is $12.

Coinbase will do transfers of crypto between users, for free. No fees. (Normally, on an Ebay sale, I pay 13% in various fees to complete a sale.)

So, you transfer $12 worth of crypto to me, and I’ll delete the listing on Ebay, and mail the product out to you.

The trade will need to be arranged online, through chat. You can reach me through the contact form. Contact me there, I’ll set up a chat and we can walk through the process.

The info I’ll need are: your mailing address, what you want to buy, and your Coinbase contact.

If you want to see what else I have for sale, using “funny money”, so you can get big discounts, check out my Listia and Simbi accounts. Both will give you free “coin”, so you can get stuff for the cost of shipping.

How to Time the Market

Watch videos when the market is down. Then, later, when the market is up, you can turn around and convert the coin into one of the stablecoins, or spend them by transferring them to me, to get goods in return.

My general policy will be to convert the coin into a stablecoin, or convert to a staking coin that’s down.