 Where the Dude @ Man.. that looks like a place I have been in Mexico... Yucatan... Merida town square I think. But let me keep looking. Valladolid, Yucatan Ah... I see I am too late.  |
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So ...
Just flow with me here for a sec... What if this whole FTX thing was really a set-up. Powers that be come in... got SB-F hooked on SOMETHING. Have you seen the videos of him vibrating like a diesel engine? Then nudge him further and further into the red 'till they set up the collapse. Have legislation ready in the countries they control to try to bring the whole thing down over a few weeks...
Nah. Just a ponzi prolly.
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To be fair, Novogratz is retarded. See: Luna tattoo Will to be Novogratz had a non trivial amount there, though. Of some stupid garbage like Solana or Peniscoin or something. His premature schadenfreude smells a lot like "I don't want to be the biggest loser". |
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I am a mercy person... I prefer forgiveness over judgement. I believe in second chances. I want people who come clean for their errors to be restored. Not this asshole. "Should have done better". LOL. Like this was all just an accident, or a just a little slip. I am pretty sure Bernie Madoff's cell opened up last year. |
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Oops:  Was just about to post this. Prepare for more pain. Muahahaha!!!  Yes, *sigh*... I have thought from the beginning the CZ move might have had at LEAST a small bit of 'controlled demolition' angle to it so he can start unwinding without the full force of the crash... who knows? |
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I think the thing that really got me about this one is how SBF was heralded as some sort of "crypto-savant" when all he was doing was the same thing that people like him have done again and again. Whether by force of ignorance (Gox) or deception (BitConnect, Celcius and probably FTX), it should not be necessary for the lesson to be repeated over and over. And government regulation is not the answer as it just legalizes and sort of contains the exact abuse we see causing these meltdowns. The market IS self regulating, and proof of reserves is a good idea, but will only be as good as how it is executed. I would beware of companies that try to impliment it in some sort of snapshot format like "Our Quarterly Proof of Reserves" as opposed to a live monitor. AND in the end none of these businesses are really our friends in Bitcoin. Centralized exchanges are weak links in the chain, and honeypots. People have recognized this from the very beginning 12+ years ago, and it seems more and more learn the lesson after each of of these events. There is a saying about the frequent birth of fools as a limitless supply oft attributed, perhaps incorrectly, to PT Barnum. It is what it is, I guess. |
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Assuming the IRS-CI folks actually took custody of the BTC, How in THE HELL did Zhong justify storing ~50k BTC in a way so insecure that this could even happen? Maybe they only have the addresses, and the private keys are somehow secure (like maybe a simple BIP39 passphrase???).
I am all for keeping your setup simple so you don't lose the coins via complication. But there is either more to this story, or our dear "Loaded" was incredibly ill prepared.
Reading through the court document it sounds like the feds just knocked on his door and said "Give us your Bitcoins." And he said "OK." He was also ill-prepared. But what's curious is how did nobody here know the coins had come from Silk Road? He found an exploit in the SR withdrawal system, stole 50,000 BTC, and then showed up here like 2 months later, and said, "check me out, I'm a whale." Given blockchain forensics were a bit more archaic back then. PS. Wonder if our little dump has anything to do with this? Nah, right?
I think it has more to do with the rumors of FTX being insolvent. Steady lads. Yeah... that's it for sure. And I hope I am not evil/stupid for thinking this... but I HOPE FTX is insolvent. I am sick of the shitcoinery. And for some reason I just do not like SB-F. And I am sorry all these funds are losing so much teacher retirement money etc... but the people have to learn that 99.9% of crypto is pure scams. |
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Ya win some, ya lose some, and hope the former is greater than the atter. Ya go from preyin on whales to being chewed on these dats.
And sometimes you lose it all... Ouch. RIP to the greatest trader that never was. What a crazy story. https://twitter.com/BitMEXResearch/status/1589670014462103558This was epic: "@RogerVer lets make a deal. At least 60k, my BTU for your BTC." The offer is open to Jihan Wu as well.
Consider it primarily as a vote of no confidence in the Bitcoin Unlimited software and development team as it currently stands. I'll add the contingency that the deal is null and void if there are major changes to either.
About this... here's the thing. Assuming the IRS-CI folks actually took custody of the BTC, How in THE HELL did Zhong justify storing ~50k BTC in a way so insecure that this could even happen? Maybe they only have the addresses, and the private keys are somehow secure (like maybe a simple BIP39 passphrase???). I am all for keeping your setup simple so you don't lose the coins via complication. But there is either more to this story, or our dear "Loaded" was incredibly ill prepared. PS. Wonder if our little dump has anything to do with this? Nah, right? |
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My current analysis...  |
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Here is the guy who believes in something [bitcoin]. M. Saylor talks with P. Diamandis (not sure if it was posted before or not): https://www.youtube.com/watch?v=v4na2pycrccTL;DR a bit of a $10 mil/per sweet hopium, but it is much more...enjoy. Whenever he is in this particular location... where is this? It loks like it might be the interior of a boat. His yacht?  French Riviera?...the shirt says: St. Tropez...i know, he could be anywhere and it is just a shirt, but i guess one would not want to wear a St. Tropez shirt while on Trinidad &Tobago, or am i wrong? Ah yes... the craft is named "USHER".  https://www.yachtcharterfleet.com/luxury-charter-yacht-22763/usher.htm |
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Here is the guy who believes in something [bitcoin]. M. Saylor talks with P. Diamandis (not sure if it was posted before or not): https://www.youtube.com/watch?v=v4na2pycrccTL;DR a bit of a $10 mil/per sweet hopium, but it is much more...enjoy. Whenever he is in this particular location... where is this? It loks like it might be the interior of a boat. His yacht? |
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Dude what i Know you cant comprehend no matter how many words you put up. It is beyond your world
Sorry, i won't discuss no more mental things today. That one is a really good ignore in my opinion. |
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On a personal level, I realize that I probably put too many funds in the lighting network portion of my BlueWallet because I had thought that I was going to be using it to experiment, and so far I have not experimented too much, so those funds are mostly just sitting there rather than being used.. and if I hear about some kind of issue with LN, I start to consider whether I might need to move some of those funds into a different location.
Eeh. I dunno. How many funds are there? The advantage to a custodial wallet is you have pros handling the nodes. Of course NYKNYC and all that. Also, you can easily switch them back over to BTC. One clever way to do it is Coinos.io, though I think now they charge a fee? I will do it for free if you prefer, too. But you'll have to TRUST me for a moment.
I am ignorant, as I am not currently aware of any implementation of LN outside Bitcoin.
Didn't litecoin have a LND implementation for a moment? |
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DISCLAIMER: beautiful off-topic content  Good night from M31 (Andromeda), our neighbour galaxy. Stacked about 35 minutes of exposure, reduced stars a bit, enhanced contrast. YOU CAPTURED THIS!!???!?!?!?? What a universe we live in! |
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You are 100%$ correct as always ChartBuddy.
Don't let anyone say otherwise.
They will love you while we go up... in fact you will not even post frequently enough for them.
It's the nature of THE BEAST (666) no matter what they say.
But on we go!
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You will watch bitcoin go up and down, and you will be happy.
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I hope the two implementations compete/cooperate/bicker/jello-wrestle forever! Keep it up!
Oh, and I did not forget about you eclair!!! yOU THERE? hELLO? wAKE UP!
Seems like a set up from my point of view. Lightning network is likely starting to become big enough to "pay attention" to it from banks, governments, bitcoin naysayer, even shitcoiners... Yes.. try to create divisiveness within bitcoin, whether it is about aspects of lighting network and lack of confidence or their other nonsense attacks regarding energy and the loveliness of proof of stake.. Hopefully the various implementations and transactional options that we have available continue to get stronger.. Having competing LN implementations seems like a set up? I don't think so; a healthy competition is the best driver of innovation, which is exactly what Lightning is all about. Agree with this. But also get the set up comment. The op_return message is informative. There has been speculation (founded or not, I have absolutely NO idea) that Lightning Labs has connections to some fairly anti bitcoin-ethos organizations. https://www.weforum.org/organizations/lightning-labs"You will use CL and be happy" Sound familiar? One could consider the development of "stable coins" on a bitcoin layer 2 could be dubious. Many have said as much. I am personally ambivalent. But at the same time Blockstream is doing the exact same thing ALREADY with Tether on Liquid. But they do not have a WEF page. Anyway... totally agree that competition is a good thing. Though at the same time when we are talking about money it certainly has it's risks. |
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Titty pics in the WO?
Almost like the good ol’ days.
Shame we don’t have any big, veiny, green dildos to accompany them.
And yet... it seems we do!  I looked for the other kind of pic, and just grossed myself out too much lol... someone else can do it!  |
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Damn! Here I thought I was drinking Mio for the zero-calorie, vitamin-enriched, tasty-orange-tangerine flavour that reminded me of the Tang my parents gave me to drink in my youth. I hadn't consciously noticed the logo in that way before - I'd better go and stock up A different kind of "tang" entirely. Back when I was running the studio a client pointed it out. Once you see it... |
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