After returning home yesterday, I reflected on Boss W's experiences in the crypto world. Let's continue discussing Boss W's past. It's my habit to summarize lessons from others' failures. Today, I will write down these stories, which may provide some inspiration for both you and me.

W's strengths are his loyalty and sense of justice. During the most difficult years of 2022-2023, he lent out several sums of money, of course, these were not loans he sought out himself, but rather he passively helped some people who were involved in mining machines for him.

The first is that he worked together to make a miner. In March 22, he published a novel about a project in the currency circle to hedge exchange rate risks and borrow 20,000 U to turnover. He patted his chest at the time and promised to pay it back in a few days, without even writing an IOU. As a result, he sent Xiao Na U to play with the singles earth dog, and he lost it all. At the beginning, he also said that he would pay back some delays in turnover, and every time he called him to get money in 23 years, he didn't answer it like evaporation in the world, and then their mining machine project couldn't go on, and Boss w went to find him at home, and Fa Xiao hid in the room and didn't dare to show up. In the end, at the end of 24 years, I couldn't stand it, and Boss W asked for money to liquidate the project, so he found a lawyer to sue.

After consulting a professional lawyer, I learned that in situations like this, which only involve verbal promises and USDT transfer records, it is impossible to file a case in their local courts. Later, I used connections to contact the judge handling the case, who privately stated very clearly: "This coin does not even have a clear legal status in domestic law, so how can there be a creditor-debtor relationship? Therefore, this money has basically gone down the drain."

Funnily enough, in May of the same year, Boss w was actually borrowed 20 ETH by a tenant in the same building, and they met at the wine table. Because they didn't know each other very well, the two of them also deliberately wrote an IOU at the market price of 18,000 yuan each, pressed the red handprint, and the loan period was half a year.

Later, I didn't expect that person to transfer the coins to the overseas wallet that month, and directly cut off contact with Boss W. When the court opened in 24, they finally met again, and the man saw that Boss W did not hire a lawyer, and argued in court that he had discussed the matter verbally with Boss W, and that these ETH were given to him by Boss W as a virtual item as a friend. The judge repeatedly asked Boss W: "Is your ETH a commodity or a currency?" In the end, the judgment clearly stated: "Because the legal attributes of the subject matter are not clear, the plaintiff's claim is rejected." ”

There are a few small things, he often lends some U to his employees to play contracts and hold positions. He said that here he also couldn't recover 10,000 U, so he doesn't want to say much more. Now Boss W tells everyone that he has been taken advantage of, that good people get no rewards, and that borrowing coins is like borrowing a knife; once lent out, it’s like cutting one's own tendons. The mining machine project wasn't done well, and the money was completely scammed away. It's really a case of misfortune coming in droves, and bad luck seems to pick on the unfortunate.

Looking back at Boss W's case, aside from being too kind-hearted and valuing loyalty, the core issue is actually a lack of awareness. A moment of greed at the dinner table led to a heated impulse, pushing oneself into a pit of fire. Such cases are quite common in our crypto world, including things like relatives and friends entrusting each other to trade coins, private non-financial institutions raising funds to trade coins, and Kol wild chicken JYS professionally leading trades, etc. Due to the social and legal conditions in our great nation, virtual assets are currently not protected by law. As soon as it involves such economic disputes, most cases end up with the parties being left in silence, suffering alone. Because there are significant blind spots and gray areas in our laws, such scams keep emerging, and scammers are not afraid of you since the cost of making mistakes is too low.

Would you encounter such a thing or meet these people? If you often mix in major cryptocurrency communities, or engage in cross-border business, especially in the international logistics and foreign trade industries, you will meet these people with a 99% probability. When they get acquainted, they will try their best to do it. If you have a weak sense of law and do not have the bottom line of being a person and doing things in the face of the temptation of interests, then congratulations, you are very likely to jump into the pit.

Do not use traditional financial logic to understand the rules of the crypto world. Before the regulatory framework is clarified in the country, any transfer of assets that leaves a personal wallet must bear the dual risks of "no legal protection + no moral constraints." It is better to be criticized as "stingy" than to be a "victim of a legal blind spot."

Seriously, in the Pearl River Delta business and play the currency circle for so many years, I have seen too many stories of "borrowing money for a while, and it is difficult to collect debts", I have seen and heard cases, at least more than half of them have not been contacted, from Shenzhen Bay to Zhujiang New Town, I don't know how many bosses' USDT has become "investment with no return", and the methods of scams are also strange, and every time it is fresh and exciting, in view of the dynamic rules, I will not extend them one by one.

We Cantonese people have a saying: When money goes into other people's pockets, it's like sugarcane crossing the river - it's not sweet for yourself. In today's world where online lending is so developed and web3 Defi is so convenient, if someone really asks you to borrow money, there is a high probability that they will be playing to death and have no way out. For these things, don't be soft-hearted, you must have your own bottom line and principles. I basically don't lend money to friends, even if the relationship is good, unless you take the real estate certificate as a mortgage and go to the notary office to complete the full set of procedures, then you can still negotiate. And I will discuss with my wife truthfully, I can do without interest, but I can't have no principal, I can do without friends, but I can't have no family.

This is not being heartless; it is a man's responsibility to his family and the only way to protect his own property. #交易策略分享#