AlphaBay and Alexander Cazes Is the #1 Reason You Don’t Want to Deal with Cryptocurrencies and other Tech Fluff

Ed Dunn
Ed Dunn
Jul 21, 2017 · 3 min read

If I see a person talking to me about stuff like Bitcoin or other cryptocurrencies I will kindly explain to that person they are financing trafficking and laundering that hurts, exploit and destroys disadvantaged people and poor children around the world. From sex slavery to narcos, that is what a person invest in when they smile talking about how much they love Bitcoin and the rest of those cryptocurrencies.

AlphaBay was not some cryptocurrency version of E-bay selling used lawnmowers; they were selling stolen items like guns taken from pawn shops via smash and grabs, illicit goods like child pornography, prostitution, drugs, trafficking and it gets worst when we get into stuff like Africa-to-Africa where we talking outright slavery and sex trafficking. If you see crime on the increase around your community; the thugs know they got darknets and bitcoins to move that stuff around — that’s why smash and grabs, home invasions are more brazen nowadays.

This global criminal behavior is what people running around this Internet and typing up “Bitcoin is great” on Medium fund and finance in when they talk up Bitcoin with no regard to the reality of how these cryptocurrencies are really being used. Whatever fantasy you have thinking these cryptocurrencies are being used for legit purpose is comment section text-typing talk. AlphaBay and other darknets like Hansa are real and used for evil stuff around the world including your backyard.

Alexander Cazes is another reason — he was a pansy snowflake and I speak from 30+ years of cyberwar experience — these “notorious” guys in the so-called hacking world glamorized on these reality TV shows making them look like cyber-hackers, in the real world — these cornball hackers turn yellow real fast when the heat is dropped on them.

Alexander Cazes couldn’t wait to hang himself in a Bangkok cell like a coward not willing to own up to what he did. And that’s another important point — I been around long enough to watch these same type of people hype up dotcom stocks even after delistment, talk up other tech bubble opportunities and when things go down, those same characters fold up and disappear or off themselves when the reality strike they are going down.

The reality is some regular person out in middle America or someone from emerging middle class China put $50,000USD into the hype of the day like ICOs or Bitcoins based on what they read and end up losing all their money over smoke and mirrors. And now their personal life is in disarray losing that much money — that’s the real damage and fallout I seen over the past few decades. The very same people hyping up the “new thing” will always do exactly what Mr. Cazes and others like them; they fold up and run or they pull out a towel or t-shirt in prison and start tying it to the door knob and leave the rest of you out there hanging onto your losses.

It is a constant sad cycle I see over and over again on the Internet — some character comes around on the Web and start hyping up something and position them as an expert on the next big thing. Everyday middle class buy into it as a way to “cash in” quick and believe the anecdotal text-based comments someone else got rich off it. The character made money off the hype and show off their riches and wealth in the form of expensive cars and homes. Then the government comes in and shuts it down and character either disappear or commit suicide like a coward. Middle class loses another $50,000USD of their life savings and we are in another global recession and people around the world begin losing jobs, homes and married families break up.

Please keep this in mind the next time you read another “Bitcoin is great” or another ICO token article by some joker hiding behind an alias and avatar with no credentials except a strong passion…..

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Ed Dunn

Ed Dunn

Overlooked technology expert and entrepreneur since 1995. Currently focused on urban technology solutions, urban planning and retail/financial technology.

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