short story: long(ill use funny names for entertainment)

imagine bankman owned a bank. but mismanaged customers funds and pocketed them

imagine CaZh was in bank as a customer, looking to invest as corporate partner. but noticed the bad management and wanted out.
CaZh got out knowing there was nothing left of bank

CaZh  whistleblew and everyone tried to get their cash out too
however bankman couldnt fund the bank-run

so bank blew up and erupted in a bankruptcy
..

now k-vino(he loves wine)  had his own cash in bank. but k-vino was also under contract that k-vino had to promote bank and bankman positively to get hands on k-vino cash

so k-vino wants to blame CaZh for why bank closed its doors.. ignoring the reason CaZh whistled

normally a solvent /clear bank would have funds to meet customer needs even in a bank run. so even with a whistle. if bank was good there would be no drama

the reason for all this is that bank was empty. and k-vino is in denial

..
the story is the easy part. the only complicated part i see is the names you have to work out who it refers to

A&B
i only question it. because for wang and ellison to be charged, put into a courtroom first and plead guilty that quick. some evidence would have needed to be found that quick to put charges on them and get them to the US before sam
now who would do such a thing.. (rhetorical)

so my theory. (whiskey driven this evening) is that SBFdone a deal to blame wang and caroline for fund movements.
(much like his press tour suggested they were to blame when sbf was free and being interviewed)
so that he could have a month before its his turn to feel the handcuffs.. so SBF could have outted them last month before he got cuffed
though obviously now caught and guilty wang and ellison are definitely doing deals to lesson the penalty

C he paid $300m for the bahama homes and bought them outright and is owner of them. so he could have used them as collateral as good as his parents homes would (if parents homes were worth that much)

D depends
bahama should not have ordered funds taken out of a bankruptcy so the presumption is the actions of SBF and wang to move funds out hours after bankruptcy where it allowed 48 hours of bahama customers to withdraw from ftx.com..
where SBF could have said the funds it let bahama authorities seize were SBF's "personal" accounts. thus not part of the bankruptcy and not part of the fraud. thus normal asset seizure of a charged person in jail

current desalination is not cheap and trying to evaporate a pool of water is not quick.. deeper the pool slower the evaporation
EG reservoirs evaporation rate is (even shocking to me) 70-80% evaporation a year - i did not think that much was wasted

which is only 0.21% a day

where as a 1cm thick puddle can be 100% a day
but this land space needed to 100% evaporate a day would take up all land in a thermo-dome system

however if instead of a puddle/pool/reservoir using solar/sun as heat for cheap but slow thermo-dome evaporation
they had mirrors to multiply heat. and also instead of pools, they use sprays to already have sea water as mist thus even more efficiently evaporate it

i always though it was crazy to have a pool/puddle dome where it should be a mist dome

as for reverse osmosis which relies on pressured water.
i thought it was crazy to pump water horizontally then need further pumps for pressure

just put the RO filters UNDER the ocean vertically, to use gravity. where the shear weight of the ocean trying to escape down the hole provides the pressure

a dying company in debt cant have its investors buy out their own company else they is not in dying/in debt
so for those that are in debt they need to seek an outside buyer

its the process of mergers, acquisitions.. then liquidations of the dying brand with all the bad debt

creditors could club together but then what you find is them as sole owner of company with no other company as parents are stuck

however bringing over the a new buyer who buys out the share holders. thus they are out...

new buyer brings the assets into the parents company including the customers of that asset balance. the segretgates off the debt and makes the customer happy to be separated from the debt of the old brand
however yes the debt owners of old brand are not happy if that old brand then goes into bankruptsy as the assets are gone.

in short

lets take that $500m asset analogy and call it company(D)
lets say it does $1bill trade volume a week($52bill volume a year)
at a 0.1% trade fee $52m a year cashflow

company(D) owner decides its company(D) is at a 3x cashflow valuation so offers 100m shares on offer of full value $156m
round A investors pay in $156m (or % of that amount at that ratio)

the company(D) does other business and ends up gaining $1b in debt from some bad business.. lets say tax evasion or sanctions or something..  is the debt total reason where debtors are (A)uthorities

the share holders are not happy. they want out but not at a 0 return

so someone(x) else buys them out. pays in $156m to make shareholders happy and out..
and new buyer(x) now acquires the company(D).

it merges in the (D)customers and the (D)customers assets of $500m to become customers(X)
however the company(D) still has liabilities(A) it owes from other things that total $1b

well a moral company would pay out a further $1b.. or..
now that company(x) has the customers it does not need the dying brand(D). so can just bankrupt it

..
other shady but legal practices are:
imagine X also had its own debt of $500m from its own stuff (its own tax evasion of A2)

X does a paper loan to (d) of fake $500m
and X (acting as D) 'buys' X debt(a2)  (its just contract speak no real money changes hands)


so now D is $1.5b in debt becasue its got all the debt(A)(A2).
and now X can just bankrupt the lot in a nice neat package called DAA2

and the fun part. because(x) it loaned D $500m(on paper) it can claim that x is a creditor of Ddeny to X and the D total debt is $2b call it XAA2D debt

..
but this is all mentioned in a 5minute written forum post where the process to do this is more convoluted and more timely to meet all the legal loopholes of avoiding clawbacks.
but yes its legal IF DONE RIGHT

im guessing part of the extradition process was not only transfer of SBF to the US, but also of who holds his assets seized by the bahama authorities, being passed to US authorities..

which could have been used as collateral for bail

wrapped bitcoin is
btc->ethereum->erc-20->wbtc    3 peg distance from bitcoin

some sidechains coins subnetworks tokens and custodian balance are 1 peg steps from bitcoin
btc->liquid(lbtc)
btc->LN(msats)
btc->cex(btc balance)

though the 1 step pegs are still not 100% guaranteed convertible. its just less risk the less peg steps required
and all pegged coins/balanances are treated as IOU's until settled back to the bitcoin network as a confirmed bitcoin value

my personal risk awareness trust rating(my opinion based on flaws of each):
33%: btc->liquid(lbtc)
22%: btc->LN(msats)
11%: btc->cex(btc balance)
4%: btc->ethereum->erc-20->wbtc


the 1 step pegs are more trusted in a co-operative contract. but then there are many ways to not cooperate on the agreements of conversion and such you have to still be risk aware and take the risk dependant on how much value and convenience you want to risk in the side/subnetworks/custodian

i only rate sidechain coins as more trusted purely on things like them having some kind of multi-party federation peg thus less collusion by 1 attacher and having a blockchain of sorts to also mitigate certain attacks..
but i personally avoid any network thats not the bitcoin network

if i was to be want to invest in other currencies.. i too would take same principles of the main net vs their sidechains and subnets and be the same % for their risk vs mainnet holdings


usually best to keep hoard/main stash of coin in the mainnet of native true currency and only use daily spend amounts in the altnets

but again be risk aware, dont be duped into these altnets utopian promises of strength and security.

use them temporarily for a short time period.much the same as custodians.
dont treat these custodians/sidechains/subnetworks of 1 peg steps as solutions to bitcoin woes which should be deemed as bitcoin 2.0
think of them as service tokens for temporary service use

anyway lets summarise the two narratives of disagreement of me and doomads thoughts around consensus and fullnodes

ill call my narrative fullnode and consensus. and
ill call doomads narrative coresenseless and foolnodes
just to make it easier for people to distinguish the differences
because some people have reading issues, so we have to make it easier on the kids to read

doomads narrative
CORE decide the rules of bitcoin. where coresenseless is that everyone sheep follows core rules and dont get to vote if core should activate or not because no one should tell a dev what to do.
where any other node that wants to propose bitcoin changes outside of core roadmap should be treated as enemy of bitcoin and told for f**k off to an altcoin and not get involved with cores bitcoin(#REKT) or blind obedient sheep follow core to remain on the bitcoin network

a foolnode "can" validate everything, but not essential due to backward compatibility meaning they dont have to
a foolnode "can" archive everything, but not essential due to pruning which means they dont have to
but in doomads rhetoric as long as a node sheep follows the full or stripped data/validated or not of core rules. its a foolnode of coresenseless


my narrative
2009-2016 consensus was:
no one owned the right to enforce rules in as they pleased. it required consent of the masses to THEN activate.*
where for security of the network the masses need to upgrade nodes and be ready to suport a new ruleset before it activates, and not activate before full nodes are amassed to be ready

*without mandate or threat of rejection,  nor pre activation rejection events to fake a vote

however core had managed to bypass consensus in 2017 via a few tricks invented by lukle jr and shoulinfry(no not UASF). but this trojan backdoor bug should not be allowed to be used as a normal function for network rule change options to activate

a full node is where it validates everything and understands all the rules and archives full data, where as if you switch off certain features like archiving IDB seeding, where you dont stay upto date with the full ruleset you are not a full node. you are downrated to non-full status.
pruning/backward compatible/unupgraded nodes are not full node status

soooo

the question is

did caroline and wang plead guilty to lesser charges and willing to give evidence against SBF to lessen the penalty of those guilty plea's

or has SBF already setup caroline and wang where they were lead to take a guilty plea. which is due to SBF working with authorities to lesson SBF involvement in whatever narrative he was posing about caroline/wang

as for the bail
a bail bondsman can upfront the $250m and ask SBF for only 10% deposit. IF SBF can show liquidity/access to $250m of property that the bail bondsman can take.

the US family home is not worth $250m so that would not have achieved a bail bondsman 10% deal
he would have had to put up other assets (bahama homes) into a deal with bondsman

i doubt he would reveal a bitcoin wallet of~15k coins. as that could end up working against hi of holding customer assets(one of his charges)

funny part is UK and euro had electric prices that are cheaper than japan

.
oh wait you mean germany..
well now thats a diferent story, if you want to say germany 'is europe' is more of a statement of gramma nazi-ism, and thats on you for not taking the intricate diverse countries independently and then looking at them in the scope of such and then averaging out their costs overall..

if you want to play game s of "europe is most expensive 'coz germany" ill leave you to play that game

as for you using an article again as proof. you again lack to read the small print or look for the source beynd the news article

oh by the way. SBF was never worth 10's of billions of dollars
it was all 'paper' valuations not real coin/assets he owned outright nor fiat he had outright of his own ownership in his pocket

but you continue beleiving in the articles

that said
recently ... for about one day, i beleived some article that SBF was trading bitcoin on mtgox in 20113-14 while interning for jane street.. but i realised my mistake

if you want to spend months beleiving SBF actually personally earned 10's of billions.. well thats on you

---

now lets just rub it in further and translate the link you provided which YOU think is SBF profiting from korea's kimchi


if you are just trying to poke at electric rates as if your the rate king..
japan and germany both have the same rate high electric. where hawaii has even higher

but there is no good exchange in germany compared to japan
also other euro exchanges are not rated at germany rural price discovery, but euro average which is since 2013 been priced into the us rate..scale of sheep following the ups and downs at a forex adjusted amount

EG if you look at the us market of bitcoin and then the eu market for bitcoin they shadow trace each price movement up is up down is down. sheep follow

however japanese bitcoin market had a different community of bitcoins thus a different price discovery sentiment thus japan was nor tracing us.. which meant there was an opportunity.

as said previously..
a pattern even if proven is only as good as the time it takes for too many people to realise the pattern and then trades against the pattern for profit to break the pattern

i know this topic is about the feeling of first using bitcoin. but there is also the feeling of first attaining X or 0.0X bitcoin being an achievement too

im of the era of 1BTC was a coffee. so i didnt get excited until i got a hoard of coin

but looking it as an investment. i see it now as:

there are about 2,148,040,619 households(homes) in the world
rounding it to 2.1b

meaning 0.01btc represents one house in the world

so some can see that owning 0.01btc is like the feeling of getting the keys to a house you own out-right(on the scarcity rate)

having fiat and wanting bitcoin usually means needing a fiat gateway to get bitcoin. hence the CEX convenience. but it should be taught by everyone introducing friends and family to crypto. only use CEX as a entry-exit gateway.. not a custody/bank
(coin in-coin out same day.. not hoard on exchange)


WTF are you on about

there was a price movement on november 11th. so thats what your price chart shows.. (ill come back to describing what that event was)

there was a balance drop soon after that..
in december, (today) by your chart shows 1.9m not your 2.35
your own chart shows that there was no balance of 2.35



now here is the thing. the bankruptcy of ftx/media hysteria of FTX was not in october.. it was november 11th

the peak of the green and orange lines was the november 6th-11th period of cz backing out of FTX(6th) and then whistleblowing and then on the 11th ftx filing bankruptcy

the price drop on november 11th WAS the FTX EVENT

october had 2.08, early november went to 2.12(call it nov 6th)
and then boom FTX drama. and the drop

price and coin, even in your chart has not gone above october levels

the evidence from wang would also be interesting

the current ceo (ray) has seen that the co-mingled funds needed SBF and wang to be involved in moving the funds becasue he said they were involved in moving funds to bahamas authorities on the last day of operating (the supposed we been hacked)

so eang as co-signer will have alot of proof that SBF was involved in alot of coin movements

with many of greyscales fund offerings at 50% downrated to asset(pfft "discount")

i can see him selling off some private hoards they have to get maybe say $135m

use that $135m to buy back some shares of some altcoin trust funds
(50% rate discount buyback=unlocks $270m)
next coin
(50% rate discount buyback=unlocks $540m)
next coin
(50% rate discount buyback=unlocks $1.08b)

then use that on the GBTC to buy back the proposed 5th of shares at 50% to unlock $2.16b of bitcoin

all for the low low price of $135m initial cost

if in doubt multisig it out

war does not clear debt.
it creates debt

did you know

https://en.wikipedia.org/wiki/History_of_the_British_national_debt#World_War_II

yep the UK got into alot of debt due to WW2 which the US bank rolled and then asked for yearly payments for 56 years

yep the uk only paid off the 1940's war in 2006

another thing he wasted money on
kevin o'leary

o'leary will sing like a song bird too
SBF ex gf just plead guilty and is lessening her possible sentence by singing to authorities

so now someone has been found guilty of a criminal enterprise which kevin has been promoting. he too is on the chopping block and no $15m payment from SBF is worth staying loyal to SBF

---

the whole US-JAPAN thing is simple

japans electric is high. and so their mining costs are like 10x compared to the cheapest on the planet. and so japanese traders are happy to pay a little extra for bitcoin on exchanges in japan compared to bitcoin in america/europe exchanges or mining from home in japan

and so japanese exchanges are always higher premium

it does not take talent. it just takes reserves and bank account access to a japanese exchange or a stable coin to arbitrage it

its not talent, its access

its coming to light now that early on FTX wanted people to deposit fiat into alameda(japan) bank account so he can buy coin on a japanese exchange. and send that coin to the FTX wallet(coeporate tagged but co-mingled). where a user is then credited on ftx with fiat balance. but then has to buy the coin off ftx at the USA rate. thus he profits while giving people a btc balance at the us rate of swap

climate change is real. but the cause is not as promoted

the water cycle has been interrupted by reservoirs plumbing and sewerage, canal diversions and irrigation demands

when they say its getting hotter they include "it hasnt rained in X days" they dont say "smog level is at a high"
the weather channel does not say "smog alert, prepare for heatwave"

anyway lets talk about power plant usage, demand and capacity

7_________________________
6                                             capacity
5     ____      ____       ____    
4__/       \__/        \__/        \__supply
3_________________________current demand max
2    /\/\/\      /\/\/\      /\/\/\      demand
1/\/        \/\/         \/\/        \/\/

the gap between current demand max and capacity is unpaid for: used and/or potential energy

bitcoin mining has multiple uses
so buying into this excess can give energy companies more income to evolve and upgrade and/or reduce other industries/sectors bills

currently energy companies are trying to "smart meter homes" instead to get the energy to look like:

7_________________________capacity
6
5                                          
4  
3     ____      ____       ____    
2__//\/\/\\__//\/\/\\__//\/\/\\__supply
1/\/         \/\/         \/\/        \/\/ demand

however this may bring down usage from5 to 3
however up front power plant build costs are spread over a price of 7 capacity. meaning (3) are paying (7) (ove double rate)and so prices go up

this is why new industry even temporarily need to buy up a few levels of excess capacity to get more income into power plants and bring down average cost per user of electric where 7 is spread over 7 instead of 3 or 5

you are nuts

point one:
there was a fork... you know it so dont sniff gas and pretend im the one messing with your head.. just stop sniffing your own gas

i never claimed bch was bitcoin. soo stop listening to doomad as its him putting words in your head about what he thinks i am saying thus confusing you when i then correct your dialogue of what you believe was said

here is a little tip.. take a few month break away from the buddy group/. spend some time doing some proper research independently and sort out your head becasue if you are crying that you are suffering mental issues. go sort them out

i keep telling you to do your own research away from anything i or doomad have to say.. that way you can actually learn and not be spoonfed and then you cant cry about your gas indued mental issues

So go research

point two:
you want to make a point of a chart that after waiting weeks after a congestion event you then present there is no congestion..
the congestion was in november.. and it did happen

your attempts of deception is like me saying its christmas week and christmas is this weekend.. so you wait until january 5th jsut to say:
"its not christmas week' there was no christmas, christmas is a myth, stop gaslighting me about christmas. i dont see any santa or christmas trees or tinsil. so christmas isnt real"

with her pleading guilty, all she has to do is act as witness to say SBF is the mastermind. instant judgement against SBF

if she was not a key holder and SBF was.(which seems to be whats being said by current CEO) then SBF is double screwed.

as he should be