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ok seems someone is on a social drama craze and not a fact finding craze
ok, ill add you to the list of people that dont care about learning..
..
moving on
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ha ha ha.. a snippit out of context
you missed the parts where he said others gave him the idea
you missed the parts where he said he doubted HE could do it
you also missed the "can" and "if" and just thought it meant "will" and "dont care about"
and you are not understanding the "we" involved in the statement you snipped
and you ignored that he said that his priorities were first to secure the security holes in the system/
and how just hours later he told everyone he is not doing it...
thus it didnt happen. it was a non event and the idea was not even his idea
.. but hey i guess the full context of the facts of the actual social drama HOURS of may 8th 2019 dont matter. becasue instead some tweet/social thing your read in 2023 means more than facts of actual events of 3year 7 months ago..
its like this
larry:"someone told me to jump off a bridge. its possible in the next few days, im just concerned if the bungee rope wont break and damage my head when i fall"
8 hours later
"i spoke with the people about concerns and im not going to jump off a bridge"
4 years later
latery is a suicidal maniac he wants to jump off a bridge this year becasue he said he would kill himself 4 years ago
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i find it weird that for the 6 months of 2022 where alot of "shorters" were then doing deals and bets. to hold the price at under $17k. which allowed 6 months of buying cheap coins ..but, this legislation only passes now the ankle cuffs are removed and the price can rise again(somewhat)
i hope he took the initiative and bought 60k coins below $17k so he can instantly reap the benefits now that bitcoins price is not as shackled as it was
im all for people buying at whatever price they want above value. but when there was a great opportunity for a country to invest. seems like they wasted a few months waiting out for something that made them lose the best deal they could get 2022+
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a block is like a bus though and transactions are the passengers
a blockchain is a bus manifest of passengers who bought tickets and their destinations listed, over multiple journeys
the protocol is a bus policy (rules of the road, routes and passenger agreement, schedule, etc)
breaking the bus schedule by having more buses per 10mins(a different bad proposal back then) is not a economic best plan. as it affects many things in the ecosystem. (rewards, blocks per difficulty, halving cycles, energy cost)
however buses with more capacity to let more passenger in is scaling bitcoin, without as many headaches as other proposals back then
..
when lukeJr proposed smaller blocks to make people not want to use bitcoin as much. everyone laughed .. yet 2017 masterplan of offramping bitcoiners to other networks is all certain people want..
..
when bitcoin scaling first started being discussed if someone said we want to scale bitcoin to allow more bitcoiners to use bitcoin
and if someone said way back then "sure lets scale bitcoin. ok heres a bike, you can get on it without waiting at a bus stop. and its timeshare price for journey time is far far less than a bus ticket"
would you call that scaling buses.. nope
..
if libertarians said they wanted free university education. and a corporation built a new city that had free schools 50 miles away. and said i call this city "univer" so now you have your univer-city free education
would you be happy
..
gmax went full on talk about a court system where he is the judge and he just wants to give the appearance that the witnesses and attendees and jury get a say in a judgement
the block/blockchain is just data.. a passenger manifest list of who bought tickets and went on a 10minute ride and reached their destination
a blockchain is not a court
if we were to use court terminology the blockchain is the transcript of proceedings.
however the protocol. would be the bus brand company deciding route and bus capacity and journey times and also setting fees
or in court terminology.. the protocol is the judge and clerks.
the jury just relay their opinion on valid or reject. but ultimately the judge gets to agree or overrule and change the sentence or apply his own sentence without a jury
2009-2014 was a "jury of thy peers"
2015-2016 was a "judge and jury"
2017+ bench judge trials, with witnesses and reporters
..
his comparison to alleviate the courts by getting people to dispute out of court and only need to settle in court once in a blue moon. is not scaling bitcoin. its leaving bitcoin to go use some other dispute resolution system
"scaling" seems to be a word certain people cannot come to terms with.
removing, making burdensome to use to promote some other system is not "scaling"
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revolting(rebel) against a government is when you find a government revolting(rotten)
.. if trump was not enough to cause a massive power vacuum of people wanting to run off and self govern. i dont think there will be a revolution any time soon
politics continues. in any governed system. give just enough to appease the masses but not enough to please the masses, to remind the masses whos in power
if people got exactly what they wanted they wouldnt need anyone/thing else
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in short.. to get a sentence of just a couple years. the theft/fraud/ has to be of value of less than $150k
What if he eventually pleads guilty before trial starts, you don't think that he can get better deal than those 17.5 years? I for sure hope that you are right, but I would be very surprised if he gets anything remotely close to that sentence. in short.. to get a sentence of just a couple years. the theft/fraud/ has to be of value of less than $150k In my country rich people regularly get lower sentences than they should according to the law on the count of some bullshit reason and I would be surprised if its not like that in the United States too. unless he can "buy down" the debts to lessen the score. (find the money in the accounts.... compensate some/all victims) and get awarded some minus points by pleading guilty before trial.. and maybe only be convicted of one count.. chances of doing less than 17.5 years are small |
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YOU were the one advertising in this topic involving a theft of $3 million that lightning is the solution to wash the hacked coins clean!!! as you called it the "greatest"
but thank you for now admitting you happen to now remember that its not designed for that... thus not the "greatest"
nice try shifting the adversary, but you are your own worse adversary
i was the one telling YOU that LN was not designed for large amounts. heck i even told you the limitations using $ amount limits based on the stats of capacity/liquidity of routes
i think you need to see an optician
..
when you learn about LN's "gossip" and how channels funding is actually public. you may learn that with the lack of events per second.. finding the path and thus destination due to gossip becomes EASY
heres your dilemma
you think that you are safe because no one can peel the whole onion skin to core...
but you forget/dont know/ignore.. that they have ways to simply watch where the onion plays pass the parcel without needing to peel the onion.. especially on a low-use system where packet sniffing and gossip listening is EASY to monitor for "channel updates" due to lack of noise
im sure you probably do know it but dont want to say it out loud.. but if you dont then thats a failure on your part
i consider you do know it which is why you and ur chums are full on pedal to the metal, snake oil utopia, trying to recruit new people into your silly system to create more noise in the "gossip process". even if you are not morally telling your recruits of the many flaws you are inviting them into
trying to cause innocent people to be put on a AEC weido list just so you can exit an AEC with clean funds... leaving the innocent people with dirty coins. is not moral or letting your innocent recruits be informed of said weirdo lists, liquidity issues, how they end up with dirty coin.. and how they can be conned, scammed and easily stolen from due to many other flaws of your favoured service..
for someone that pretends is securing his stash. you sound less like a risk-aware guy, looking for flaws to help know the risks and inform others of risks/flaws... and more of a snake oil advertiser only selling the utopian best case dream
..
last point
if things were so binary fungible and untraceable.. why have you put soo much effort into needing to recruit. why are you so worried about "dirty" why even need a mixer if you think everything is fungible
answer: because you know deep down behind the hidden advert messages.. that things are not as you say they are
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a company with any debt is bad.. it shows they are not profitable/self sustainable
a company that (based on 10.5bill assets for demo) is only able to take a 2% cut ($210m) a year which it splits with its "mother" DCG
where DCG has debts of more then a billion.. means "mother" is in trouble (less yearly income compared to outgoings)
DCG EBITDA is less than $1b
after taxes and costs its alot lot less then that.
DCG should not be doing loans/debt deals of more yearly payment demand than its post-tax income
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now where did the libertarians go
they are still in crypto. they just diverged out into other cryptocoins while still within the common framework of crypto-economy But why? I don't think that they entered in altcoin communities. At least not all of them. Those which were here since Bitcoin or even the apparition of Bitcoin don't have any reason for changing their focus on other coins. Maybe the reason for which these libertarians became more or less silent is the fact that their voice is covered by all those which entered in crypto hoping only to get rich over night. Maybe libertarians which believed in Bitcoin and in its power to eliminate middle men feel disgusted by seeing so many people around them talking about crypto while having only greed in mind... that is a considerable factor. the sub 100,000 OG bitcoin libertarians of say 2013 are washed out by the 100m capitalist consumers Someone should dig deeper into the most notable classic threads from the Bitcoin community. I might do that in my spare time if no one else does. The shift in the space is noticeable by looking at those threads.
most notable threads are actually when there is disagreement of "bitcoin roadmap" that many do fork/ico genesis off to other networks.. due to fighting the moderated hierarchy of capitalist devs who have the merge decision power (note majority core devs with merge capability are corporate paid now) and most "voluntary devs" who have merge privilege only have their merge privilege on other projects its also said that alot of the the capitalist consumers fork/ico genesis off too(hence the useless greed pump dump coins of many thousands of crap coins)
sidenote 2009-2014 was an era where bitcoin was seen as "true money" the collective self governing worked(consensus). people had "keys" and "signatures" that were proof of ownership.. in reality and in legal jargon of property law protected rights now we have corporate hierarchy of paid and moderator protected reference client CORE(central) development. and when it comes to coin ownership.. in legal terminology , we have "witnesses" and "scripts" and "seeds" which has changed bitcoin from a property ownership law system of value ownership. into a capitalist legal jargon of not so protected property right of value alot has changed in a decade, and some have noticed, and the same some have noticed those who are siding with the new regime |
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It's safe to assume that using Monero (or any other "anonymous" coin) would indeed put you on a list of someone that is interested in obfuscating their finances for whatever reason. Maybe that implies for anything privacy respecting nowadays. If you're caught to using Tor Browser, you're put to the "weirdos" list. If you're caught to install Tails, you're suspicious. If you're caught to use protonmail instead of gmail, weirdo! LineageOS, or any other privacy focused mobile OS instead of iOS / android, real freak. If you're caught to selling XMR to a KYC-ed exchange, you need an unusual reason as justification, because it sounds really dumb. What's even crazier than using Monero is using a mixer. My bet is all mixing processes will be totally deanonymize-able before the year's end. Everywhere there's mixing though. Move to another wallet, and you just (poorly) mixed your coins. Convert your BTC to LN-BTC, and you're just taking advantage of the greatest, decentralized Bitcoin mixer available. Use a DEX, and no chain analyzing company can safely assume what you're doing. the concept of a weirdo list is very true and yes its part of narrowing down "suspect list".. and im actually preferring blackhats term of a "weirdo list" as for his yet again overly hyped and salivating at the mouth promotion of lightning. blackhat has fallen down several holes and hit his head and not done the research (or has done the research but doesnt want to talk about the negative flaws, non-hyped advert positive stuff) .. just like tor, certain analysis/data agents can become some of the "bridges" and "exit" nodes of tor to then identify traffic.. in LN some nodes can be on the route to notable services to traffic analyse payments going through them the only saviour feature of LN. is that because LN can only handle routes of ~$570 MAX(if lucky(avg channel cap /2 parties)) governments and more precisely regulators and more precisely data companies delegated to analyse and identify a weirdo list.. simply dont care about your silly small drug deal amounts. you'll still be on a weirdo list but they wont bother you(handcuffs) unless your criminality is worthy a stiff sentence as for his avoidance of the obvious negative flaw of LN (liquidity) LN would completely bottleneck and fail if it had to try routing 200btc in a small time period if your destined LN recipient for a swap only has imbound ~$570. and the hops(route middlemen) only have the same. there is a limit to how much can be moved oh and by the way. most of the LN crew keep promoting "look guys i done [under 400] events this month" meaning when events can finalise in under 1second it shows a massive time gap between events. meaning just watching for the gossip "channel updates" makes it easy to find the paths.. oh and even funnier.. the channels reveal their funding utxo's so even easier to "follow the money" simple math if they do under 12 events(routes) a day meaning 1 per 2 hours, meaning, 1 per 7200 seconds its very easy to spot the paths that update(gossip) in that specific timeframe of a few seconds without much "noise" happening near that timeframe |
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Tesla shares skyrocket:
Twitter experts: Tesla shares are overpriced, this is insane, shares should be 10x times less than with their car production, this is manipulation!
Tesla shares drop 75%
hate to admit it.. stompix got it right tesla was over priced 2022 was the correction .. its the same with bitcoin.. it peaked to a PREMIUM in 2021 so obviously it was going to correct after a ATH we see it all the time with people buying bitcoin at $50k in 2021, they see it move to $70k and for that month think they made the best choice... and then the correction.. wondering "why is it correcting" |
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did anyone actually try to read the data.. or just the opinion of the media clickbait title november november november november 2021 (Xm) 2022 (Xm) 2021 (X%) 2022 (X%) 4.51 4.173 3.0 2.7 the quit rate has gone DOWN but by category of majority downs here is the ones where quit rate went up https://www.bls.gov/news.release/jolts.t04.htm 2021 2022 Transportation, warehousing, 186k 276k and utilities Finance and 85k 91k insurance Arts, entertainment, 68k 79k and recreation Real estate and rental 48k 51k and leasing atleast now you can discuss which industries had more quitters for context |
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All Everything under this organization is open and transparent.
you may read an open newspaper, does not mean you get a job as an editor/reporter a house door may be open doesnt mean you get to re paint the interior there is moderation in many levels of bitcoin. can you remember the date where you were part of the decision of promoting a contributor to a merge privilege dev.. no ? cant remember? well a small group granted it and they didnt care about thoughts of those outside the group |
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just depositing it into an exchange trigger the flag
who said anything about depositing monero into an exchang e ? and if you had a hand full of btc but wanted monero.. you would need to _ _ _ _ _ _ _ _ it . missing word starts and ends with an eand if you had a hand full of monero but wanted btc.. you would need to _ _ _ _ _ _ _ _ it . missing word starts and ends with an eI'm curious what would happen if they just sent all the btc to a burn address...that would be like destroying his hopes to get anything back but would anyone still care about finding justice for him.  Binance would probably want to fork the blockchain and put his lost money back into his pocket go figure. whats with certain people lately thinking binance ever wanted to fork bitcoin oh wait. guess they didnt do the research *im all for new people asking questions. and asking genuine questions to learn but after time when they just dont get certain concepts even with information available within 3 seconds or being told something and then having way longer than 3 seconds to check it or think about it.. but instead they just wanna be part of the "recite something they seen on social media" brigade, i start to wonder do they actually want to learn things anymore *May 8th 2019 binance does a AMA video on periscope informing viewers that other parties gave him idea's about a fork re-org, which atfirst he said didnt think was possible and that there are many reasons not to, but thought if it could be done it would be done later in week as top priority is plugged the hack holes that week.
same evening of the 9th he tweets to clarify and kil social drama that they wont be doing a re-org at all. thus non news. non start of any drama. game over drama in a few hours.
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In any case, after everything we have witnessed with Barry, he should have bought only Bitcoin and Ethereum during 2016 and held them instead of pumping Ethereum Classic and those other altcoins. He also caused his own problem by creating funds that cannot be redeemed and other schemes for all of those altcoins.
the latest "promissory note" is a prime example of problems a normal business makes a real product/asset and sells it for real value/cash however when businesses start purchasing/swapping debt. (like the the behind the scenes deals of the institutional bankers did with the subprime mortgage "derivatives") their 'product' is not a product. its just debt when when debts dont get paid back the whole things unravel DCG didnt give genesis money to re balance its books. genesis didnt write off debts it had. nor claw back funds from those that owe genesis.. genesis simply gave DCG the debt note. to take it off genesis's balance sheet. DCG took it on as it shows a minus balance to then be at paper loss for tax purposes. yet by them now just shuffling debt notes and ious and loans with no value actually switching hands no actual product or cash moving.. its not good |
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just using monero gets you on the list you dont need to be traced via a particular monero transaction.. ANY deposit of monero no matter the source is treated as a using a privacy enhanced tool and flags you. they dont need to know what you bought or from who or where you got the monero from.
just depositing it into an exchange trigger the flag
i cant be bothered this week to spoon feed people
so an anonymity enhanced currency (AEC)
search out words like: treasury, sec, FATF
in conjunction with:
money service guidelines
monero AEC
see where your own research lands you
seems more and more people are playing the idiot card just to get spoon fed the answers.. like they deserve answers, screw that this week.
if you dont want to research and learn for your own good, dont get involved in concepts you dont want to know about
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As for the FTX founder, I don't think he will be jailed.
I was pessimistic at first too, but after how buddies pleaded guilty and getting away with fines and no prison as long as they cooperate, I don't think that the will avoid some jail time alltogether. I don't expect him getting like 30 years in prison, but I can see him spending couple of years in a minimum security prison. the sentancing guidelines dont work like that (see my post above) i can see him averaging 20 years each charge and see a deal of doing them concurrently if more then one charge sticks. so min of 17.5 in short.. to get a sentence of just a couple years. the theft/fraud/ has to be of value of less than $150k |
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id be happy to see a 20-50 year term for a multi million dollar theft/fraud, affecting hundreds of thousands of lives
Multi-billion* yes and no... depends what spreadsheet you read as to holdings/value...... and amounts lost/found for instance most debt is based on FTT tokens(valueless and speculative) it had maybe 20k in bitcoin all the media hype of "worth $32billion" "9billion missing" "$3.x billion" "$1.x bilion" these numbers are getting lower and lower by the month There should be at minimum a guideline formula to calculate time sentenced for fraud, the fact that this is not default by now is a bit ridiculous.
there is.. and it even comes with a point scoring system too.. https://www.ussc.gov/sites/default/files/pdf/guidelines-manual/2015/2B1.1.pdf(read the "base levels" (points/score). find the add-ons for severity/amounts lost.. .. then substitute any take offs for first offense or plead guilty before trials (plea deals) heres one example https://www.ussc.gov/guidelines/2021-guidelines-manual/annotated-2021-chapter-5Larceny, Embezzlement, and Other Forms of Theft; Offenses Involving Stolen
Property; Property Damage or Destruction; Fraud and Deceit; Forgery; Offenses
Involving Altered or Counterfeit Instruments Other than Counterfeit Bearer
Obligations of the United States
(a) Base Offense Level:
(1) 7, if (A) the defendant was convicted of an offense referenced to this
guideline; and (B) that offense of conviction has a statutory maximum term
of imprisonment of 20 years or more; or
(2) 6, otherwise
If the loss exceeded $6,500, increase the offense level as follows:
Loss (Apply the Greatest) Increase in Level
(A) $6,500 or less no increase
(B) More than $6,500 add 2
(C) More than $15,000 add 4
(D) More than $40,000 add 6
(E) More than $95,000 add 8
(F) More than $150,000 add 10
(G) More than $250,000 add 12
(H) More than $550,000 add 14
(I) More than $1,500,000 add 16
(J) More than $3,500,000 add 18
(K) More than $9,500,000 add 20
(L) More than $25,000,000 add 22
(M) More than $65,000,000 add 24
(N) More than $150,000,000 add 26
(O) More than $250,000,000 add 28
(P) More than $550,000,000 add 30.
so if guilty he scores 37 on just that 1 charge  210-262 months for first offense(no history) = 17.5-21.9 years |
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https://dcgupdate.com/tl:dr; hunkering down laying off staff, hoping to weather the storm DCG Shareholder Letter from
Barry Silbert, Founder & CEO
Published 2:00pm EST, Tuesday January 10, 2022
Dear Shareholders,
Happy New Year. I’ve been reflecting quite a bit recently about the past year, the state of the industry, and where things go from here.
First, I’m incredibly proud of the role that DCG and I have played as pioneers and builders over the past 10 years. Since our founding, we have invested in more than 200 companies that have developed and shaped the industry, and we have helped build the first publicly-quoted BTC fund, the largest asset manager in the space, the most influential crypto media platform, the #1 bitcoin mining pool in the world, the leading crypto prime broker, and a dominant crypto wallet/exchange in the emerging markets. DCG has also backed a tremendous group of emerging fund managers, crypto protocols, and cutting-edge blockchain projects.
I have fond memories of the early days of our industry, working hard to help educate and fighting in the trenches with fellow entrepreneurs and investors to gain legitimacy. Speaking at conferences to rooms with three people, getting snickered at on CNBC, and being dismissed by most legitimate investors was, I found, empowering and motivating.
In contrast, this past year has been the most difficult of my life – both personally and professionally. Bad actors and repeated blow-ups have wreaked havoc on our industry, with ripple effects extending far and wide. Although DCG, our subsidiaries, and many of our portfolio companies are not immune to the effects of the present turmoil, it has been challenging to have my integrity and good intentions questioned after spending a decade pouring everything into this company and the space with an unrelenting focus on doing things the right way.
I shared this sentiment in my previous shareholder letter this past November: DCG is committed to remaining at the forefront as we strive to build a better financial system. As this new year unfolds, we are hunkering down with our “lean and mean” mindset, and we are making meaningful changes to position the firm for long-term success. We’ve been aggressively cutting costs over the last few months in reaction to the current state of the market, which has included cutting operating expenses, and regrettably, reducing the DCG workforce. We also made the difficult decision to wind down HQ, the wealth management subsidiary that DCG incubated in 2020. While we still believe in the HQ concept and its outstanding leadership team, the current downturn is not conducive for the near-term sustainability of that business.
Looking ahead to 2023 and beyond, the industry has a lot of hard work to do to re-establish its credibility and reputation, which have been all but destroyed by a wave of unprecedented fraud and criminal behavior unlike anything I’ve seen in my career. This is going to be a challenging year for all of us, but I remain optimistic. I hope this letter and the accompanying Q&A that explains other developments and addresses some of the speculation about DCG – some of which is reasonable and some that is completely baseless and false – help to clarify our position.
To my peers in the trenches, now is a time to collaborate, cheer each other’s successes, and collectively take our industry to the next level. Let’s all grow together, treat others with respect, and get back to having fun and making a dent in the universe. I can assure you that DCG is certainly committed to doing so. I also have no doubt that DCG will emerge from this year a stronger company than ever before.
notable bits Q&A 7.
DCG currently owes Genesis Capital (i) $447.5M* in USD and (ii) 4,550 BTC (~$78M), which matures in May 2023.
DCG borrowed $500M in USD between January and May 2022 at interest rates of 10%-12%.
DCG’s investment entity borrowed BTC during 2021 and 2022 at a weighted average interest rate of 3.85%, which include amounts previously borrowed that have since been repaid to Genesis Capital, leaving the current 4,550 BTC loan balance.
To put these loans to DCG into context, at the time they were issued in early 2022, DCG’s equity was valued at $10.0B, DCG’s trailing twelve-month EBITDA was in excess of $1.0B, and Genesis Capital’s aggregate loan book size ranged from $12.0-$15.0B. BTC prices ranged from $30.0K-$47.0K during this period.
DCG has not borrowed from Genesis Capital since May 2022, has never missed an interest payment, and is current on all loans outstanding.
9.
9. How did DCG’s investment entity use the BTC borrowed from Genesis Capital?
DCG’s investment entity used the BTC borrowed from Genesis Capital to hedge GBTC long positions to remain market neutral on such positions. DCG’s open market purchases of GBTC were made when GBTC traded at a meaningful discount to NAV and, like all other investments, these decisions were based on an assessment of the likely returns weighted against the risks. Our purchases of GBTC on the open market have been in compliance with Rule 10b-18 under the Securities Exchange Act and transparently disclosed in filings and press releases.
10.
10. What is DCG’s relationship with FTX?
DCG made a small equity investment of $250,000 in FTX’s Series B in July 2021. This was part of our ongoing strategy to invest in exchanges all over the world – we’ve invested in close to two dozen. DCG held a trading account with FTX with less than 1% of all our trading volume transacted on that platform.
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you really are grasping
i understand YOU "FEEL" that funds "shouldnt" be seized unless you are the actual criminal.. but your personal feelings are not financial law.. thats not how laws work
try to read the FATF and bank secrecies act.. and not rely on hope dreams and buddy quotes
did you know that finances have no privacy.
i bet you didnt. but you pretend to have the expectation of financial privacy
finances/currency. do not have the same "rights" as property
instead of feeling and dreaming of how your utopia works. do some research!
and no im not talking about you questioning people to get spoon fed answers where you can then quote as your source in your silly "but thats what she said"
actually find facts, laws, rules, code, practices, data.
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