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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if your coins are highly mixed with dirty coins. then that says more about people you trade with than me.. Do you believe in dirty fiat or have you adopted this nonsense for bitcoin solely? As money is concerned, it's fungible. Any opposition to this fact attacks only you and your fellows. You say that I should be concerned, rather than you, because I'm the one who mixes bitcoin. Let me ask you, how do you know you haven't exchanged with someone who did mix coins without you knowing it? Or someone you exchanged with, did exchange with someone who mixed once? And it goes on and on, how do you know you aren't connected with some suspicious activity, without your knowledge? From a blockchain perspective, every transaction can lead to a coinbase transaction, and it's likely someone mixed among all those transactions. if its fungible(you view as a binary option yes or no(facepalm)). there would be no such thing as "border seizures" or "bank IRS seizures" or crimes like "handling funds related to a crime" no "handling stolen goods or proceeds" your group emphasise "fungible " a little too much, without understanding the depths of it.. . if a drug dealer hands you $10. they will(can) seize it and question you until you give a compelling answer for them to hand it back heck look at the FTX saga.. 2 months on and 10 more to go, and those that did withdraw 2 months ago might have their withdrawals clawed back at any time museums after many auctions end up having to hand artwork back if provenance is tested that art was stolen as for how i know about my sources of coin..{edit out. dont wanna help you out too much} there are many many ways. shame after so many years you still think mixers are acceptable to CEX, shame you think fungible is binary, one taint is clean enough.blah.. and think that innocent people should use them(which shows after years you havnt done research for your own security risk aversion of your own value) also. if you cared to do some research you might learn how to "clean" the dirty. and work out at which point FATF would declare funds now clean("fungible") and no longer blacklisted. but i wont help you out in that regard.. because.. well honestly. you dont deserve that spoonfeed. its now time the baby learns to feed itself. you should work it out for yourself, ESPECIALLY if you are holding alot of mixed/dirty funds as for fiat i get my fiat out of an ATM.. nice crisp bank notes. no folds, no crumples, no creases, no stains.. thus clean have a great 2023. hope you do your research screw it. its the new year.. fresh starts and all.. so one spoon tip: currency suspicious links to criminal activity is not a boolean yes or no.. .. its a sliding scale or rating of suspicion. its not boolean(incase i was too subtle in earlier paragraph) |
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ok lets get to details
(my opinion based on the reading of the posts links of open letter revelations)
gemini(winkles) lent genesis(DCG) BTC(gemini customers)* valued to gemini at the time im guessing about an average of $30k each to a sum of about $900 mill
*call it 30,000btc rounded for easy math^^
if it went to court. and gemini(winkles) won
a. the amount to gemini would be in dollars(tender). not payment in kind(BTC)
b, the amount would be at value of btc of court specified date. not the value the gemini customer bought/lent their coins over the last couple years
c. genesis(dcg) would have a delay-able time period to pay/file bankruptcy of genesis to avoid paying
the reason they(gemini) want to mediate outside of court is to get 30,000 coins back. not to be left with a settlement of (30000 at $17.2k) current value dollars of $516m, which genesis can avoid paying soon.. or at all.. via many other legal strategies, such as filing bankruptcy/court payment plans/etc
^^
gemini dont reveal amount of coin.. by my estimates are based on dates and times of fiat numbers splashed about in media and twittosphere and court filings that its about 30k of coins. so for easy math lets call it that just to skip a few explainers of this example and i will grey out the amount of coin as its not practical/specific to the example so no knitpicking, its just an example
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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? Other coins are mostly focused on the technical part of their design, not their practical use. So why would libertarians bother with that kind of stuff when they are just looking for an anti-capitalist tool such as Bitcoin? maybe you should ask a buddy the one who constantly says core devs should do what they want and if anyone opposes/doesnt like it they should fork off and see who follows them .. its reasons such as that which most other projects started on altcoins rather then being proposed on bitcoin consensus as it was designed 2009 but slowly diminished 2014-17 WAS unity via common consent of acceptance. and evolution of rule via consent of the mass peers, where if mass population of peers do not consent or simply abstain to not be ready to support a new rule.. then a new contentious rule does not activate. whereby proposers simply go back to the drawing board and think of a proposal that the majority would get behind certain others think "freedom".. but freedom of higher class elitists, who should do as they please and the community should follow or get out |
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even a car technical engineer can lose his car keys.. (though he has now implanted a chip in his hand to never let it happen again):-elon
even real estate/housing developers lose house keys
it happens.
bitcoin solves many things, but it cant solve "human"
best to learn from lessons
first sticking to the points of actual occurrences/events, limitations of ability of the real life instance. to then learn from actual events and how to mitigate if for people with similar positions..
before going spaceballs to the wall exaggerating the most elaborate systems imaginable of precaution requiring buying several devices and only using systems if your wearing a tin foil hat on a moonlit tuesday night when the stars are sat in a certain region of the sky
the most basic scheme is this..
if you have funds on old keys (non hardware seed).. SPEND THEM and put change destination as a fresh wallet not used on that system(certain software wallets are not helpful with this as they prefer to just add change address to exposed wallet or put change on same seed derived key thats seed had been exposed)
then if funds become substantial in regards to your lifestyle then decide how more elaborate you want to be
trying to tell everyone that they should "just buy hardware wallet" is silly if a hardware wallet is USB key and all they have is a cell phone
or they usb key is $80 and they are african where their savings/hoard is less than the key cost
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Or maybe chainanalysis is so strong that it can unmix the mixed coins, so even if the thief did everything correctly, the funds will be tracked. For the most part, unmixing coins requires to flag lots of innocent users as thieves. So yeah, if you're about to flag nearly every user who'll either use a mixer or coinjoin coins, then you'll most likely hit the thief too. The question is: can you point the thief's coins? (homeless people trading their underwear, means homeless people only receive someone elses dirty underwear.. unless they can try to get more innocent retail customers to donate their clean underwear for dirty underwear) If you think this is a good analogy, you should stop using bitcoin, because it's clearly possible for your coins to be mixed with "dirty" coins as you call at some point, unless you don't use bitcoin as currency and just hold it for eternity. if your coins are highly mixed with dirty coins. then that says more about people you trade with than me.. even the "anti-hero" prize received(mixer sponsored competition).. i separated and i am not going to touch or consolidate with my main stash from other clean sources. as for you thinking that the utility of mixing is high.. well we both know thats a lie. its why certain people are desperate to phish in innocent people into privacy enhancing tools. due to a huge LACK of innocent people to swap with becomes a criminals NEED to drag people into those systems.. because the collective pool of shady systems is small in comparison(when they sound desperate and try too hard to hook in users.. you know they lack users) lets note one example exchanges have over 100m users locked into custodians.. a certain network only has way less than 70k nodes(most are just shll (sybil) nodes of like 10k run on some cloud service(as admitted recently last year) but even treating those as genuine is like just a 0.07% pool of privacy enhancing tool users this can be narrowed down way way further via many different methods
as for thinking "alot" of innocent people get flagged up.. nah.. most darkpools of mixing/privacy enhancing tools. end up being a small collective where majority of them are guilty of atleast one or more things even if its not the intended crime being investigated.. yep you think your preserving your privacy of lets say drug possession, where if you get caught handling stolen funds, by accidently using the mixer the same day lukes stash is deposited. and then boom.. they find out about your (example, not implying)drugs in subsequent investigations while you try to explain your not a thief of lukes stash. meanwhile innocent cattle farmer gets flagged for being talked into using a mixer to protect his farming profits, gets caught in an investigation where they see he isnt a viable suspect of hacking.. but maybe might be for tax evasion at most. or taken/excluded from the suspect list upon further investigation. narrowing down the suspect pool. of who used the mixer on specific timeframe .. so its not as you say "lots of innocent people" |
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ok he is moving onto economics and catallaxy(ill get to the liberarian part to reign gazetta back in)
first lets handle the reason i blahed spontaneous order.. (meaning is skipped it as a non stater of meaningful debate)
randomness vs chaos
the difference is:
random sentiment is just a bunch of variables. if you can see enough the variables you can avoid the chaos
but the more variables there are the more "like" chaos it appears(volatility) until its unpredictable and completely random where you can no longer see the order or the order is seen as completely broke
..
now take my views in many topics on bitcoins VALUE discovery of bitcoin economics and markets.. yep value not price
there are known variables in the world where people equally agree that something hits a bottomline value where every one agrees something is cheap where sellers can no longer profit or break even and thus refuse to sell below
as is at the top the premium where everyone agrees something is expensive and buys all end up agreeing its just too much
sellers fizzle out at the bottom refusing to sell at value
and
buyers at top fizzle out and refuse to buy at premium
this creates a order of a value window (bitcoins 2021 market VALUE window was $10k-$75k). where the market speculation of random sentiment traded within this window above value and below premium and it looked like chaos within this window. until you could see the window frame.. and then seen the order within the frame
the supposed random sentiment of bitcoins market within the window is the catallaxy, where as the known things of economics is the deflationary wider window itself is the economy
.. now back to libertarianism
there is no outlaw, lawless theory in libertarianism. there is no chaos
just because its not a formal order underneath some letter head or leadership does not mean libertarianism = chaos
as for trying to define libertarian structure or the bitcoin community into terms like spontaneous order thats just like saying "random" where you just cant see all the variables so get surprised that there is order, until boom, you see it (spontaneous window frame) and then think it must have been chaos before it due to lack of seeing the order prior
but things evolve, and its the development of many many variables that seem random that collide, collude, cooperate or correspond, act and react that cause these seemingly random act to uniform and unite into bigger more noticeable collectives
libertarianism is not like 10million random minds just woke up one day and started walking towards the light.
certain things happened along the way where things evolved into libertarianisms out of (to some) complete randomness and chaos. but to others subsets of order that evolved into wider sets of collective framed order
fiat world over centuries started at whats seemed as chaos where rival tribes had different currencies and slowly coming together until theres only a few notable currencies left in the fiat economy. converging on the point of dollar dominance of what some call a "one world currency" threat (fear of authoritarianism)
where some want some informal frame of order but a wide window frame to allow alot of variable freedoms
libertarianism has framework and within that framework window. are those that still want self governance where no one can shrink the window unless the collective decide in a self governing manner, and no one should control or be able to close the window.
crypto on the other hand started with one and is diverging out. doing the opposite
libertarians want diversity/freedoms yet still retain a common conceptions of certain agreements of basic frameworks
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
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check the CODE
legacy have the * 4..
Check the entire code not just one line of it. A lot of things are multiplied by 4 meaning if you are multiplying the legacy transaction size by 4 to get its virtual size then it is also compared by the block size (that was previously 1) that is multiplied by 4 (turning it into 4 MB). That still doesn't make legacy transactions more expensive than before SegWit activation. A legacy transaction with 250 byte size paid 250 satoshi fee (1 satoshi/byte) before SegWit and it is still paying 250 satoshi (1 satoshi/byte) after SegWit. thanks for showing you now see the * 4 and yes the cludge extends beying a legacy TX to falsely make a block appear as 4mb. but there in lays the cludge.. because real data. in reality(no dont redefine reality) is that blocks are not actually physically 4mb.. and thats the rub as for the tx sat for byte thing which you think exists.. i dunno if i should laugh or just facepalm cores wallet does not charge based on sats per byte... they charge based on the Weight Unit principles of cludgy code math i just showed you an example of the lines of code that have have nothing to do with straight forward sat for byte fee discovery for legacy.. because there is no standard sat for byte fee discovery for legacy. its all done via the cludge weigh unit cludge.. AS DEMONSTRATED IN REAL CODE in short if legacy fees were straight sat/byte. there would be no cludge.. no multiplier no scale factor just length(tx) * sats emphases to avoid multiple posts.. hoping you can get it in just one post with needing to re post the simple fact.. if legacy was doing old normal real byte fee costings).. without weight units... there would be no weight unit *4!! involved in a legacy fee costing code the reason for the *4 is to premiumize legacy into making people not want to use it due to the extra premium expense they [dev-politics] added to legacy
anyways back to topic there are a few wallets now that if you import a key they default a legacy key to p2pkh and dont support p2pk. so already support for some forms of key types have disappeared (unless you can search out a certain wallet(limiting your wallet options of free choice)) it only takes a couple lines of code to not support other type too.. and that can happen without needing any hard fork consensus decisions to approve such change. as someone said the only option is to try to keep old node software and hope it will still sync or communicate with peers in the future should a change happen (diminished, redefined RPC calls(INV messages) have broke the ability of some older nodes communication ability with the network) |
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devs have already cludgy coded a 4x premium cost into using legacy (falsely promoted as a "segwit discount")
Just because SegWit transactions are cheaper to send, it doesn't mean the legacy transactions cost has increased! The fee you pay for a legacy transaction is the same exact thing as it has been for many years before SegWit was activated. It is aptly promoted as "SegWit discount" because SegWit transactions cost less. check the CODE legacy have the * 4.. its why a 1mb block of legacy is treated as 4mb its why a 250byte legacy is treated as 1000 weight not 250 look at the weight unit cludgy code of multiplying legacy by 4 weight when a 1mb block has the number 1 in it natively naturally and in hard data of bard drive. but is being called a 4 in fee code.. yep its been multiplied WITNESS_SCALE_FACTOR =4;
return ::GetSerializeSize(tx, PROTOCOL_VERSION | SERIALIZE_TRANSACTION_NO_WITNESS) * (WITNESS_SCALE_FACTOR - 1) + ::GetSerializeSize(tx, PROTOCOL_VERSION); translation: (non segwit tx) * (4 -1) +(1) translation: legacy * 4 example i recent block https://www.blockchain.com/explorer/transactions/btc/350a367fc4071a7b9effbc3e8d5c25163cb54a566bc3e93ad00cc802d61d407eSize: 223 Bytes Weight: 892 223 *4 = 892Weight Unit 56.054 sat/WU |
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@nutildah
when you open your eyes and observe:
market cap
network liquidity
company valuation.
are 3 terms of meaningless statistic of just numbers that are not actually used/backed. it will awaken you
bitcoins market cap is not an amount of fiat held somewhere as reserve
LN's liquidity/capacity is not how much all users combined can actually transact without bottlenecks
company valuation is not an amount of reserve/collateral or cashflow a company actually has
lets use the o'leary sharktank demo of company valuation
a guy walks into the sharktank. has $10k in his back pocket but asks the sharks for $50k for 5% of company
sharks give him $50k. now he has $60k real cash flow.. but company now instantly valued at $1m
advice: never think "market cap" means anything
advice: never think LN can handle true bitcoin volume transactions per day
advice: never trade fiat companies based on company valuations.
@nutildah response below
i dont look for ass kissers
if you agree with content A, but then start talking about content B
where content B shows you are unaware that company valuations are also fake but you want to state that it shows something meaningful.. then content B needs correcting
there is no get out of jail free card by being an ass kisser
if people stick to facts, observe, do research. and actually show they learn. then i dont kiss their ass, i just see nothing to comment to correct them about.
those that only want ass kissing responses, are not leading a good discussion
in short, if someone says factual stuff. they simply need no response/discussion/debate/alternative opinion.. because the details speak for themselves.
advice:
if you kiss ass and then say something silly. the kiss ass WONT absolve the silly
case in point
saylors bitcoin holdings are separate from his business dealings
his business does separate non bitcoin projects and is run and funded by fiat.
saylors fiat business is separate from his bitcoin interests
compare that to influencers like DCG who are highly bitcoin involved financially and project led.. yet no one in this group wants to talk about them.. funny that
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the silly thing about mixers/ln/monero/etc is this.
they only work the more users use it.. less users use it the more flaws and failures are seen
monero has atomic swaps. so they need to coax innocent clean people into privacy services so the thieves can take the clean funds and leave innocent people with the dirty funds
atomic swaps are anonymous. far as i know.  so the thief takes some dirty bitcoin and swaps it for some xmr. then later on sometime he does another atomic swap in the other direction to clean his bitcoin. money laundering 101. just using monero.. gets your name on a hot list(small pool of suspects)....... the people spending the bitfinex 119k stash years prior.. used monero and mixers .. it was part of their downfall, and flags were raised on those exchanges.. those people are now in prison ..enough said |
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the bankers of 2007 had better lawyers for the 50+ years prior to the 2007/8 banker fraud.
their business plan used legal loopholes to fraud american population.
so that is why the bankers got away with it. its not fraud if its just legal loophole "sub prime mortgages"
with charters and "series 7 exams", they were licenced bankers and brokers to do alot more than an average joe could g4et away with
SBF on the other hand only had teachings from his mom, dad and gensler. and the ego to think he knew enough, and knew enough people to get away with it
thats the difference
when a "max sentence" is X..
anyone can say someone may not serve full X
because X is the max
consecutive sentences= max 115 years
concurrent sentences = ~25 years
plead guilty before october trial =reduced sentence
personally. i feel murder and rape should always be 100years + no matter what
when it comes to financial crimes, to be honest. should not be treated worse than rape or murder
however penalties like a fine or probation.. screw that he needs to do serious prison time, and i dont mean 3-5years
id be happy to see a 20-50 year term for a multi million dollar theft/fraud, affecting hundreds of thousands of lives
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prime examples of social drama above
if influencer/ambassador/advocate just mentions "brand" but is not personally involved in a projects development..
.. they are just social drama(#FameForName)
it doesnt matter if they have 130k coin or 575k coin or 630k coin.
their underlying involvement means more. and what they are practising off camera means more than what they preach on camera(everyone loved o'leary.. until FTX got goxxed)
if you wish to waste time observing a influencer/advocate. and ignore the code, rules, protocol, security of a monetary system.. your observing the wrong things
if you only admire an advocate because they mention a flawed system you admire. you really are pointing your eyes and fluttering your eyelashes at your crush. in the wrong direction(everyone loved o'leary.. until FTX got goxxed)
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