As funny as it is to see him fail, as always, I would have preferred to see the ones he donated to and clearly kept the charade going as long as no one found out, to be locked up.

"Both Joseph Bankman and Barbara Fried, who are Stanford Law professors, were sitting in the first row of the courtroom gallery during the sentencing."

I have so much to post, i just don't know where to begin!..

Friend.. Friend... and Friend

Friend of mine said I was lucky with Bitcoin, being in early... I looked at him and said, are you serious, you think i was lucky? you think this was all luck? I had to correct him and said i was smart with my decisions, it was written in black and white (pun intended)! not lucky, but smart. You should have listened to me, but here we are... The envy in their eyes are enough to show their true colours! It's amazing what financial insecurity does to people.

I've stopped talking about Bitcoin back in 2021/22, i actually was thinking about the passion i had when discussing the potential of Bitcoin and how you should be looking to accumulate and diversify into it! Was even talking to random seller of a Lambo back in 2018! now i only converse in minor conversation. Tend to throw out lines like, yeah still got some here and there... nah wouldn't have a clue where the price will be.

Another friend, he'd bought in near the top of the cycle in 2021. I was publicly shamed by him, I'll never forget that! What happened, Apparently, I was the bad guy because I let him buy at the top! What it showed me was he wasn't mentally ready to leave the mass! Didn't understand what long term investing is!

I've given up, it no longer my job to educate YOU (i mean the people i know)...

This is absolutely insane:

The Coinbase, $COIN, crash just erased $100 BILLION of market cap in #Bitcoin in 15 minutes.

Between 12:15 PM ET and 12:30 PM ET, Bitcoin fell from $64,000 to $59,000.

This was a near 9% swing in 15 minutes right as many Coinbase users began showing a $0 balance in their account.

It also happened to occur just as Bitcoin was less than 10% away from a new all time high.

Coinbase is reportedly still working on fixing the issue.

What just happened?

This afternoon I have my annual performance review.

If I don't get a good raise, owning some BTC might make me do stupid things like quitting, at current prices...

In the last 5 years?
Going by my IMDB ratings I've given and in no particular order:

• Gran Turismo
• Joker
• Fractured
• Sisu
• Talk To Me
• A Man Called Otto
• John Wick 4
• The Black Phone
• The Courier
• Free Guy
• Le Mans '66 (Ford Vs Ferrari)
• Us (from Jordan Peele)
• Once Upon A Time In Hollywood
• The Super Mario Bros Movie (animated but very true to Super Mario)
• Rambo: Last Blood (simple but what you expect from Rambo)

The alpaca is backa.

Edit: Some people still don't know the difference between an alpaca and a llama.

Day 5 of the COPA v Wright trial. Dude is getting dog-walked hard 😂🍿

He's going to lose so badly due to the volume of lies he's spouting in testimony.

Dumb questions deserve a dumb answer.

OT:

With the U.S. and China now in financial ruins with running up and then crashing their economies with massive decade-long Ponzi property scams, I'm sure that TPTB are licking their lips looking for the next under developed nation they can run the same by-the-numbers nation building financial scam on. The trillions of newly printed U.S. dollars must stay abroad and not come home.

My guess is that it'll be India next. So what makes me say that?

It's perfect: a nation of 1.4 Billion people, still a bit behinds the times, still steeped in traditional living (like China was) and household savings, but with an increasingly progressive youth populous that would be easily manipulated into FOMO and hungry for new paper wealth. They used to be primarily an agricultural nation, but are moving more and more into manufacturing and IT.

Just start injecting hundreds of billions of dollars into it's economy and major cities, creating new white collar office and blue collar factory jobs, building up their cities and property markets, creating FOMO into better standards of living, lifestyle and luxury goods and services wants. Before you know it, they'll be flying high saying that they are the next "China".

The ultimate goal, of course, is to get it's citizens to stop all that nonsense saving and wealth hoarding, and get them to part with it, FOMO'ing into their stock market and newly created real estate investments.

You can see Apple and other tech companies already expanding into India very fast.

It's only a matter of time and enough money....

“Companies are seeing India as a long-term investment strategy as opposed to a short-term pivot to avoid tariffs,” said Samir Kapadia, CEO of India Index and managing principal at Vongel Group, in an exclusive interview with CNBC.

Warming ties between the U.S. and India, spearheaded by President Joe Biden and Prime Minister Narendra Modi, with the former’s “friendshoring” policy aimed at encouraging U.S. companies to diversify away from China have also made India an attractive alternative.

The relationship between the two countries entered a new chapter with Modi’s state visit to the White House in June where a slew of deals on large collaborations in defense, technology and supply chain diversification were signed.

This is just the beginning, young padawan. If buying spot ETF's stopped there, this statement would make some sense. But it is more than clear that it will not stop. If 5,000 BTC are net bought per day, this makes 500,000 BTC in 100 days, almost as much as Greyscale has. After another 100 days, the reserve of the SB will dry up. I don't know why everyone measures the reserve of exchanges in general, since all ETF's only draw from CB (with one small exception). This means that the effect of the supply shock will be very substantial, significantly greater than the halving. But skeptics who look at the price cannot do this elementary calculation. So I expect this Greyscale flop to lead to a more significant momentary dip below 40K. I hope I'm wrong because I don't have money to buy now. It's clear that Greyscale is trying to milk their customers with this high rate. IMO the majority are not selling for a profit or a smaller loss, but to buy back other ETFs at a lower rate. This will further accelerate the effect of the shock supply. So I expect within 2 months at most, the price will start to recover steadily and grow into the usual exponential bull run.

Here are some key facts about three full days of trading in the books as of the close of business on Tuesday:

• net inflows into the spot bitcoin ETF appear to be about 21,000 bitcoin (BTC), or $894 million at the current price of $42,600.
• BlackRock's iShares Bitcoin Trust (IBIT) leads the way by adding 16,362 bitcoin.
• Second is Fidelity's Wise Origin Bitcoin Fund (FBTC) with 12,112 bitcoin.
• Sizable exits from Grayscale's Bitcoin Trust (GBTC), which has lost about 25,000 bitcoin, brought down the overall industry inflow.

https://www.coindesk.com/markets/2024/01/17/bitcoin-etf-net-inflows-near-1b-after-three-days/

While the highlighted sentences above are true, the dangers of an advanced AI becoming sentient and taking control are unknown and should be expected to be orders of magnitude greater.

We do need to be worried about it!

To paraphrase that long winded AI blah blah blah ....  <big yawn>

......idk

Looks like most is going into Vitalik's shitecoin.
As usual, it will flow back later.