As a billionaire, you can't have a normal death, no matter how you die people will always find fault with something and claim it was a set-up.

A few years ago I was at a party with a few of my old colleagues and friends all happening at our host's father who is the local representative for the leading party, everyone was having a fun time, dancing and so on, he managed to step on the dress of his daughter, and missed the side of the table with his head by a few cm when he fell. Everyone at that moment agreed including him (while laughing), no way that if something bad would have happened would outsiders believe the story of him dying like that, for sure it must have been an assassination.

Billionaire dying in a car crash? No way, all of them have f1 skills! Billionaire dying in a plane crash? No billionaire can die falling from 1 mile in the sky, dying from disease? We all know billionaires are mutants that can't catch any diseases! You have hundreds of teenagers dying after falling from a building or electrocuted on a train taking selfies but now way a billionaire the same age would die trying to go on a late swimming after smoking pot all night.
Of course, that changes in Russia, where a lot commit suicide by stabbing themselves in the back 20 times after falling from the 5th floor of a two stories high building.

Did he? There is no indicator that he did so, this is just speculation!


No way in that case, if a stranger could access an address without the key then the whole notion of being your own bank will be useless.


Cough, Quadriga, cough...


It might be but recent events have shown us that almost all of those investment, financial advice, and so on crypto companies have literally zero funds in their won custody and all their clients funds are stuck either with big exchanges or other crypto lenders of CeFi platforms, as history has shown us.
And from their main page:


Where have I seen this before?
At this point, I really don't get why some still choose to risk 1005 of their coins for some 3-5% returns in a year with companies that have no physical presence in their country, that have no real assets, no insurance, just a 100sqm office which tomorrow is on the renting market and everyone and everything is gone.

https://www.businesstimes.com.sg/startups-tech/startups/crypto-trading-firm-amber-seeks-us100m-fresh-funding-flat-valuation


3 billion company, cutting jobs, seeking 100 million in funds, and not managing to get more than half, what could possible go wrong?

What positive news?
I'm quite curious about what you can define as positive at this point, Pizza Overlord accepting Bitcoin and some app allowing people to transfer bitcoins? An exchange having a partnership with some company or getting a license in some country?
Would those make people pour in 8 billion dollars that FTX managed to fuck up in a single move?
To see a bullish trend we need a bullish trend in the real economy, fortunately, enough inflation is peaking and the small hint about the FED not hiking rates that much next time already gives us a breather with the market reaction instantly, so if something good will happen it will do so because of outside factors.

This one didn't age well, let's see the November prediction harvest, maybe better wine!



Again with the positivity, like that would mean something.
We don't need positivity we need money, millions and billions to be thrown at the market, we need people to start purchasing a ton of bitcoins with real money and hold them, and might now as you can see in this trend there is no money flow happening because positivity alone is not a money printing machine.

Now, what sign do we have that those billions are going to enter the market this December? None!
Unless there is a major economic shift and we see a complete u-turn in all traditional markets from stocks to bonds to everything else there won't be anything more than another short-lived bounce.

Hihi, I remember all these posts:
- October has been bad for Bitcoin only in two years, always positive in double digits, we're going to have a huge bull run
- November has been positive for Bitcoin 6 to 3, expect a bull run, the last ATH was in November
 - And now it's December time, we had an ATH at that time in December 5 years ago, certainly bullish
The way some cherry-pick both data and memories is quite entertaining.


No, we don't know, what's stopping us? Actually, what's stopping you?


Common, just congratulate them for being that fast:
Post          Today at 09:36:15 AM
Merited at Today at 09:37:15 AM
Finding a topic, reading it and sending merit in exactly 60 seconds? Newbie of the year!!!

Your data shows around 180k Teslas, 16k Chevy, and 12k Leafs, just the top sellers.
2021 has these numbers:
390,814 Teslas, with Hyundai 5, Ford Mustang Mach-E , Audi e-tron, or Kia EV6 making more than 10k sales, cars that weren't even there on your list in 2019.

Not much hike?
https://www.iea.org/data-and-statistics/charts/global-sales-and-sales-market-share-of-electric-cars-2010-2021
 

Which part does "clearly" show this?

From company losses and then from the creditors that lost their money with the bankruptcy.

What people don't learn is that some jobs do require only a few hours and should now be tied to a mandatory number of hours worked, that's why most of the companies that enroll in this program are small companies mainly involved in marketing, design, and gaming. You have to complete a project in a month that takes you 40 hours of work, it's just a waste for that guy to stay in the office doing nothing, but it's an altogether different thing for almost any other kind of job.

You can't just have the workers in a store or in a hospital or police or any other kind of job that produce things continuously switch to a lower work schedule and be paid the same stuff, it would mean hiring an extra guy to cover for the days which is basically, just give the first worked a 25% raise and that's it.
Where would the money come from when in your business model nothing has happened?
I certainly doubt that having the guy at Tesco working 32 hours and not 40 would mean 10% more shoppers  


If the median is one laptop per hour and your employee will assemble only 32 per week instead of 40 but get paid the same amount, how is this not a problem?

So pull your money out of your bank and search for one that doesn't do this.

The whole narrative that the money is yours so the bank must accept everything you want to do with your money is simply too true, they have rules, if you don't like them don't use that bank, nobody is forcing you to keep your money there nobody is forcing you to use their service. The simple comparison would be with exchanges that don't allow you to buy some shitcoins, it's your BTC in that exchange that they don't allow you to buy craptoken69, why don't they allow you to withdraw funds to a different bank and name, it's your money, right?

Just ditch that bank and find another one, or stop using them altogether, wasn't that the whole thing about bitcoin?


Because Binance has managed to get itself in trouble with the FCA, so right now it's banned to conduct any financial activities in the UK.
Stick to RBS and Coinbase and use bank deposit, not credit/debit top-up.


And if that individual is picked up by the police for some different reason like money laundering guess whose name will be on the list of the people he has exchanged money with?  

I just know what others know, that they deny having any major exposure to FTX and others but there are a few problems with the narrative:
After their complete denial of having funds involved with FTX, seems like they had 200 million there:
https://twitter.com/ASvanevik/status/1589972490549612544
which "miraculously" they've withdrawn two days before the bankruptcy filing.

So do we trust what they are saying that all of their assets are fully collateralized and they have no exposure and no shady deals? They might be telling the truth, they might have a really good risk management team and a lot of information on everything that moves in the crypto world, or they could be just the next one to crash.

Also, even if everything is fine with nexo internally, even in their tweets they did say this:
https://twitter.com/Nexo/status/1597268229084225537

So at any point, they can end up with frozen or lost coins because of a third party, the risk is there and they know it!

Because right now there is nothing more toxic than Binance and CZ for the crypto environment?
He is the one spreading all kinds of lies about competition, he is sabotaging other exchanges, he is sabotaging Bitcoin itself by overcharging every withdrawal, promoting his BNB version of Bitcoin, spamming the network, and many many others.


Or, he knows he has no coins in case a coin run happens on Binance also so he tries scaring customers from other exchanges to move coins to Binance so he has the liquidity to deal with a possible panic since behind the picture he paints in the media and on social networks he runs the same fractional reserve that brought others down.
There is a senate hearing incoming after more and more have started questioning exchanges, their balances and policies and I'm pretty sure the one panicking right now is not Armstrong but CZ.

What you're suggesting is illegal in any normal country on this planet and would mean jail time for the one doing so, this is not a game of starcraft this is playing with people's money!


The only thing this guy is avoiding is playing by the rules, I'm not going to start again with the things he lied about but here is one small list of what he lied about his own exchange and this is not even the worse he did.


Then how about you start with revealing stuff about Binance since you like what CZ is doing that much?
First, where is Binance's headquarters and where are their offices?


Biased much?


Because despite the whole decentralization, no key point, no leader narrative most people want a leading figure, they want somebody here to act like the face of the business, somebody to represent their investment, that's why they clap for Saylor or Bukele or CZ, the other reason being that they are heavily invested in some shitcoin or BNB, that they keep their assets or trade on Binance like our dear OP.
Most can't accept being alone, they can't accept the environment to be made just of them, they have to find a platform, a wallet, something that will act like their bank to ease the burden, to give them confidence that someone more qualified is taking care of their assets. And a lot fall for all this #SAFU nonsense, all their lies, all the hype.
Not too judgemental about CZ? F### him!
Everyone should be allowed to be as judgemental as it wants, especially with the events lately.

Oh god, we need an Agriculture board.

Title of the article and topic:

Tiny details in the topic:


So let's recap:
- School gets free land
- Local farmers work their asses on it for free, use their own machines with no charge, pay for gasoline and other out of their own pocket
- Students watch the tractors from the side

So, if the guy wouldn't have donated the land and just worked himself there with the other's help and would have just donated the revenue to the school it would have been the same, the school didn't do anything, the students didn't either, they didn't have the resources in the first place to.


And despite that, miraculously the US is the largest food exporter in the world.
So let me rephrase this for you so that it's far more accurate when typing on the internet everyone says how good agriculture is, how it must be encouraged, and so on and on, when it comes to actually quit your white-collar jobs and starting to live from it, crickets!


You paint a too bleak picture for it.
You decide what you want to grow, you take care of your land and harvest, you either ally with local farmers and build storage facilities or you decide to manage it on your own, then you look at local traders and major hubs that list the price according to quality you decide to which you want to sell. Second, compliance with pesticides, seeds, humidity, and protein, will always be on the farmer's side, nobody will buy from you without all these papers unless it plans to directly use it and doesn't care, no real shipping company, and no trader will accept it with no papers.

Second, nobody can sell at market price!
Because the market price is for future deliveries in the port of choice, if you have a future contract of $300/t for shipment in a port, with delivery for the other side of the continent that's all up to you, the buyer buys x tons shipped to Alger on xx/xxx/20xx from Rotterdam, all that transport cost will be yours to bare. Plus, when it comes to transport, there is no single farmer that is able to move all its grain to the nearest port alone, just no, if you have 10-20 ha, that's already 4 fully loaded 55cm trucks, nobody is going to wait for you to make 4 trips back and forth, take 4 samples, do the papers for each load, and so on.

I avoided those for a reason when mentioning them, most of these tokens work just like any other token, celsius coin, for example, was not a real Defi token, it was used mainly for rewards and benefits, attracting customers and making people take loans on it on the platform for better rates. In theory, assuming no problems with liquidity or irresponsible printing those tokens shouldn't be affected at all differently than shiba inu, but again it's theory.

The others, like Bybit or Yield App or Nexo are simple centralized platforms, they can go down tomorrow without a warning, just somebody flipping a switch and that's it and there is no list whatsoever on the hundreds of platforms that offer investment plans, not even counting the thousands of fraudulent ones.

Just as an example, on both lists they have wirex token listed as normal token for a centralized exchange, wirex itself is seen as a CEX, but they do offer (or did) some insane APY on lending and they also offer blowing plans.



Same with nexo, it's tagged "Services and Payments" not lending as the token itself doesn't do that but the platform is.
I'm fairly confident that the next one to crash won't be one with a smart contract lending pool but a CeFi exchange.
 

And solar panels are not made from materials that are mined just like coal, and they don't end up in huge waste dumps in Africa and India, and let's not even talk about the child labor involved in mining lithium in South America, without which most of home solar installations would be useless with no batteries. Also, you know that coal is used to refine silicon right? So no coke, more expensive solar panels!

And let's not forget that without good old coal and nuclear there won't be any light at night and nobody to give you electricity for you credits you gain during the day with the panels. There is no perfect source of energy, coal and gas pollute more, and solar is highly subsidized, and just like the wind you end up with tons of nonrecycled waste, hydro can't possibly give us all the energy we need, and nuclear, although my favorite won't be able to scale int he next half a century even if we want to build them.


From the political point of view this "ban" is indeed stupid, just like the ban in EU (not Europe) if it ever happens, common, next ban cocoa plantations in Norway, tariffs have already killed mining there, so what's left to ban?

Anyhow, I was trying to point out that just like Amazon buys tax credits and declares is not polluting right now with a million vans, just like Google does so and miraculously their data centers that run on a mix of energy become green with money so do some of the miners, greenwashing their business when they know it's not like that. I mean seriously, it's hilarious when the so-called Bitcoin Mining council was publishing all those percentages about how green they are, and the biggest backer behind them, MARA was quietly operating that coal powerplant in Montana

The whole thing is pointless from both sides, NY knows that it can't make all consumers turn to green energy as there isn't enough there so they hand-pick some to show they are doing stuff, miners claim the same stuff about being ecofriendly to get investors, knowing that not even 1% will go and try to find out details on how thing work if they were they wouldn't pour millions in business that are losing money as we speak and in reality nothing changes.

Define new, Digihost bought that gas plant at the end of the last year and it has barely come online for a few months after acquiring permits, TW Lake Mariner facility is not even completed and runs at 10% capacity.


A slight difference between applications and things that are currently running, and obviously, the ones running are the problem that caused this, not future plans.
Common, let's not start this all bitcoin mining energy used is green and has zero impact drama, you know just as well as me that it's nowhere near the real truth. Miners weren't flocking to Montana to admire the view and they are not mining with hydropower because it's good for the planet, they mine like that because it's good for their pockets and they will do so with whatever it's cheaper. Let's ask every miner here if he's willing to pay 3 extra cents for green energy or just 3 cents for coal, we all know the outcome.

This sounds weird, probably the right news is:
Pornhub is hiring Ron Jeremy and the crew behind Babysitters and Debbie Does Dallas to produce an 8-episode parody about SBF and FTX, Penthouse also tried to buy the rights but withdraw when realizing what actors it would need to hire to play the series.

They bought the rights before the investigation is over if the news breaks out about some more of FTX funds going into the wrong pockets they might have to drop the production altogether if there would be even more unfortunate events nobody will support making a movie about this guy. Plus there is the thing of the audience, who would pay to hear and watch a story about something you don't have a clue about like cypto, and which cypto lover is going to pay extra to watch the story on how his investments went south?
Plus, you have a lot of characters in that future movie who you're not sure won't end up in prison by next summer.


What a pile of garbage that is, it's become so cringy when they try to insert their quota of drama into everything it's just unwatchable.

Cough, cough...Greenidge
DigiHost gas powerplant in Buffalo?
TW's Lake Mariner hydro powerplant facility that somehow is just 91% renewable... 


Mining is not a fixed game where you need 100Exahashes and that's it, you obtain those with 10 times less power and you have reduced consumption.

The consumption is influenced by the revenue, if Bitcoin drops to $100 you will have miners earning $90 000 a day and they obviously won't be able to spend more than that on power. If it goes to $100k you have a revenue of $90 million a day so you could easily spend half of that on your power bill and still get a huge profit.
No matter how energy efficient those new ASICs will be, long term if the revenue per day for miners grows ten times so will their power consumption with just a few percentages off.

This is just wrong.
There are millions of investors out there who haven't touched bitcoin, there are hundreds of investment funds with millions or billions in assets who haven't done so either.
Just to get a picture of what a tiny percentage Bitcoin is, the total value of all the coins (including Satoshi's coins) is just 1/4 of the Pension Fund of Norway, right now by market cap Bitcoin would be the 25th of the publicly listed companies and let's not add real estate, art, or just jewelry which has an annual turnout of nearly the same size.

If we would be at the point where we couldn't do without BTC we wouldn't be at 16k and certainly not at 300k transactions a day with just 5k BTC in LN.
There is a very long way to go till that moment.

A ton of them, but only a few really big players on the CeFi loan and earn business.
There was holdnaut that went down, Ledn that said it had no exposure on FTX or others but has started cutting jobs and probably the biggest left is Nexo, also claiming no exposure and no loss, but we all know how to take these statements.
Nothing I can find on Yield App, but they were offering 7.5% annually on BTC now just down to 5%, and of course Bybit, which has done a weird thing about that proof of reserves lately showing what they have but not a word on the liabilities.

Of all of them I'm worried about nexo, I know a few who had funds there and a few users on this forum have played with it for a while, so I hope they got out with the recent events.

You can update the thing with the "source" it's official:
https://blockfi.com/November28-ClientUpdate
Interesting they chosen the same agent , Kroll,  as FTX:
https://restructuring.ra.kroll.com/blockfi/
https://restructuring.ra.kroll.com/blockfi/Home-DownloadPDF?id1=MTM1MjMyOQ==&id2=-1

And just three weeks ago they were promoting stuff like this:

Pretty sure every program they've launched was a desperate cash grab to keep the operations flowing, but their FTX exposure was just too great, I wonder what losses we're looking at again, they claim 200 million in cash and somewhere between 1 to 10 billion (quite the range)  in assets and liabilities so god knows how many times one is bigger than the other. Or better question, who's next as this shitshow doesn't seem to stop anytime soon!

Nothing is confirmed at all.

This graph is just showing the number of coins held by addresses that are confirmed or at least believed to be owned and in control of Coinbase.
With this comes two problems, we don't know for sure those wee Coinbase addresses, we don't know all the addresses owned by Coinbase and we don't know if they haven't just moved a few of their coins from the cold storage to Coinbase Custody, which is actually holding most of the coins owned by big investors who pay Coinbase to take care of their coins. What the graph shows is you taking $100 out of your wallet, the one observing this doesn't know for sure how much more you have just a quick peak, how much you have in your pockets and it also doesn't know if after pulling out that 100$ it didn't just go in your wife's wallet.

The other problem with this is that for years I've been hearing of people pulling and pulling coins from Coinbase so that graph continuously sowing only withdrawals and not going into a negative is another of those miraculous analyses only glassnode is capable of.


Works fine here, you tried this on a desktop or smartphone?