Archive for the ‘scams’ Category

Fire (and lots of it): Berkeley researcher on the only way to fix cryptocurrency

February 4th, 2019
Marines use flamethrower to spectacular effect in field.

Enlarge (credit: US Marine Corps)

Nicholas Weaver made no bones about it: he really, really dislikes cryptocurrencies.

Speaking at the Enigma security conference in Burlingame, California, last week, the researcher at UC Berkeley's International Computer Science Institute characterized bitcoin and its many follow-on digital currencies as energy-sucking leeches with no redeeming qualities. Their chief, if not only, function, he said, is to fund ransomware campaigns, online drug bazaars, and other criminal enterprises.

Meanwhile, Weaver said, there's no basis for the promises that cryptocurrencies' decentralized structure and blockchain basis will fundamentally transform commerce or economics. That means the sky-high valuations spawned by those false promises are completely unjustified. He also said investors' irrational exuberance just adds to the unviability of cryptocurrency.

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Posted in Biz & IT, Blockchain, cryptocurrency, hacking, scams | Comments (0)

Airbnb – the heartache of fake holiday scams

June 15th, 2017

Scammers are using all sorts of techniques to get around Airbnb’s anti-fraud detection. Don’t get caught out!

Posted in Airbnb, Airbnb Trust and Safety Team, fraud detection, machine learning, payment scam, scams | Comments (0)

How to sleep tight and not get scammed on Airbnb

May 14th, 2015

Airbnb can be a wonderful way for locals and visitors to connect. But like many online services, it’s also a playground for scammers. Here are some tips on how to use the service safely.

Posted in Airbnb, Airbnb Trust and Safety Team, Featured, payment scam, scams | Comments (0)