Criptoestafas

Bitconned does a very good job of putting the crypto contradiction of trusting nobody but the least trustworthy on full display. All those sucker 'investors' who were told not to trust banks or the government instead put their full faith and credit into the hands of a drug addict's Potemkin company.

Even for those of us who have watched this play out again and again it is always shocking to see just how flimsy these scams are -- the clearly fake profiles and partnerships, quid-pro-quo promotion from unqualified celebrities, an idiotic and plagiarized business plan. Yet they managed to raise millions from the 'skeptical' masses who refuse to place any trust actual institutions with real assets.

The Centra scam really encapsulates the entire Crypto cycle quite well -- these flunkies raised money off the back of a man who predicted a collapse of the western financial system -- and of course it turns out the only financial institutions that collapsed were house of cards crypto companies he promoted.

How people keep falling for this I'll never understand.

Here's The 4K Lowedown on "Bitconned" (TV-MA - 2024 - Netflix)

Genre: Documentary/True Crime

My Score: 7.0 Cast=4 Acting=7 Trailer=6 Ending=8 Story=9 Visuals=7 Direct=7 Sounds=6 Genre-9 Sub-genre=7

In this true-crime documentary, three guys exploit the freewheeling cryptocurrency market to scam millions from investors and bankroll lavish lifestyles.

"Ever since I was a kid, I wanted to be a criminal." A successful documentary is one that can educate or infuriate...and this was able to achieve both for me. Ultimately not a topic I cared much about, but I had a little knowledge of cryptocurrency. The focus of this documentary is a prick from the word go, but I found myself understanding why people were giving their money to him. If you are interested in true crime or the subject matter, this is worth a watch.

I am speechless at this highly entertaining and shocking documentary. So well made... if I say anything more then it's too many give aways. Ray Trapani is a very crooked wannabe mafioso and it all starts off as child's play but the further along you get, you see that so many people were so gullible in the scam that you can't even call Ray a genius. He's just the luckiest joker ever. It's very unfortunate what happened to the folks that lost their hard savings, and I do believe they tried to glorify this docu and make Trapani the modern day Jordan Belfort. Which is many ways, he is. His mum is a boss though, I did enjoy watching her and his fabulous grandma on screen.

The main character, whose name i dont really care about, some of his partners (not all) as well as his family seem to have no problem while talking about their malicious, greedy way to rip off others... alongside many unbelievably immoral statements this one shows what kind of people the "great" western economic and political system of greed and egoism brings out in people,"... i mean, there was this one guy, who was trying to invest (in centra), and then he gave me his password to his whole crypto account. He ment to send me his passcode to send the Centracoins to.... and he gave me his password. ... And i was in this moment like, " Holy shix, this guy just gave me his password. I logged in, couldn't help myself. I already had millions... this is like 100.000 sitting in his account... What do i do here?! And then i just transfered all to my account..."

This quote itself says everything about his character. You should see his cold, proud grin while saying it.

Btw: the money is still "gone" and this, well, i would call him "cold-hearted psychopath" seems to live a good life, planning new businesses ...

He just plays the game big players in our world, the rich and powerful out there always did and still do ... if it's about tax evasion, political corruption or this kind of fraud... it makes no difference. People who can't get enough, who wanna own more and more, if its money, power, control... are the same kind of misleaded individuals, who just dont get, what life is about.

I wouldnt wonder, if he felt good about this documentary and whats even worse, if quite a few young people out there find this way of life, full of manipulation, lies and betrayal attractive.

People will have a field day psychoanalysing the antagonist in this documentary - rarely do we get such clear insight into the mind of a cold-hearted fraudster. Ray Trapani is also an archetype representing those capable of ripping off other human beings without a flicker of emotion (and there's a higher than average representation of such people in the world of alt crypto) - it's fascinating to see such a disgusting example of humanity reveal himself for what he is. He's so disconnected from what it means to be human that he somehow thought it would be a good idea to show the world what a piece of garbage he is. This documentary is worth a watch simply to see that play out.