We are all Hodlonaut

[o_e_l_e_o]

waiting for CSW to file claims against a company.

CSW has already filed a claim against Coinbase. It will be Coinbase who are spending their money to defend themselves against that claim, not DCG. DCG, being an investment and venture capital company, will have no interest in spending their money to fight a lawsuit against any of the companies they are invested in.

If we want big entities to get involved here, it will be the exchanges that CSW is already targeting. It would be in their own interests to donate to Hodlonaut, as a decisive Hodlonaut victory will only help their own cause when they end up in court themselves.

[NotATether]

waiting for CSW to file claims against a company.

CSW has already filed a claim against Coinbase. It will be Coinbase who are spending their money to defend themselves against that claim, not DCG. DCG, being an investment and venture capital company, will have no interest in spending their money to fight a lawsuit against any of the companies they are invested in.

CSW is foolish and believes he can actually win a lawsuit against a billion dollar exchange...

He's picking on someone his own size (Coinbase). But I suspect that he's going to walk away from it with a bloody nose.

[franky1]

here is the thing..
when a business is actually a sole entity. then it is STUCK with limited choices..

however coinbase is not stuck.
EG if they dont have a legal defence team 'in house' that specialises in intellectual property and defamation (because usually a exchange doesnt handle that, so doesnt retain a legal team specialising in that) doesn't need to "hire" a new team. instead they can use a team which its sister companies already have for their other projects

coinbase can borrow the intellectual property specialists from one sister company. and use defamation specialists from another sister company(saves money, tiime and allows for cross information sharing if other sisters also get targetted)

where DCG which has ownership stake in coinbase and possible future targets can organise things and prepare for any oncoming storms with the other sister companies.
 
rather than what you propose is that exchanges just wait for CSW to attack individually and file claims and then have the exchanges individually fight only with newly retained 'inhouse' legal team, separate from its sisters...
which individually costs the targetted company more to use, and also means they cannot share tactic/strategy..
as that yet again is fighting him on the wrong foot (defence)


but hey. seems you always want to take things the long route round and he most complex way, that always falls outside of logic and common sense

[aoluain]

Whatever about filing legal claims against individuals like Hodlonaut, taking on Coinbase
and Kraken is a real game changer IMO.

We all hope Hodlonaut is able to wound CSW but I would imagine its the might of Coinbase
which could end CSW's persistent claims?

He really has a neck like a jockeys ar$e, but I would say he has a false sense of success. Hopefully
Hodlonaut can cause the first wound and Coinbase finish the job and Kraken to bury it.

[franky1]

most large businesses dont let things go to trial. they discuss out of court settlements outside the court reporting or responses.

though in my opinion i would love to see the DCG organise a full on legal team that combine the kaken coinbase efforts on this side(less costs)(one plan structure.) but then use the multiple claims as a way to strike back at CSW in a multiplied way.

EG CSW think he is playing 2 games of one on one tennis
but reality is he is a single tennis player trying to play tennis, against a football team with a captain(DCG) where they are all kicking balls at just 1 guy defending a goal(CSW)

[Lucius]

I looked at what's happening on hodlonaut's Twitter and I see that he sent a question to both CEOs whose exchanges are being sued and as far as I can see, he got a response from Jesse Powell, who instead of a donation suggests some kind of NTF fundraiser, which according to him is the future of collecting donations - as if it wasn't aware that more than 57 BTC and $55,000 have already been collected. If I understood correctly, he would donate even 50 ETH in that case... To me, this is a more than clear message of how much he cares about Bitcoin.



https://twitter.com/hodlonaut/status/1563522922937208832

[o_e_l_e_o]

Looks like he has pledged to buy a NFT for 50 ETH, but won't just donate the money directly. So essentially using Hodlonaut's legal situation to shill his NFT project? Ugh.

As much as I despite all CEXs, I've had a lot of respect for Jesse Powell over the years as he is always open and honest that people should get their coins off of exchanges as soon as possible, and that any coin left on any exchange, including his, is at constant risk. But this Twitter exchange is in incredibly poor taste. Would have been better to say nothing at all rather than say you'll only donate if it's via some NFT scam.

Still, if you want NFTs, then there are some on bitcoin right here: https://xchain.io/tx/755e758e74f7c95f049deb5106fc9315234bc7ccce0817a8e34d16b089d7593f. He can convert his 50 ETH to ~3.7 BTC using Kraken and buy 740 of these for the same result.

Literally thousands of regular people donating whatever bitcoin and fiat they can afford, but this guy worth $500 million will only donate if he gets to shill some NFT while doing it.

[franky1]

many people making real art and displaying it in galleries in cities to sell. end up selling for alot less than what an ETH is worth,...


the crap of games of NFT is to try to sell crap for expensive amounts of double digit ETH.. just so they can set a level of what other crap NFT should expect to sell for.. so by trying to sell an item for 50 ETH  is not about getting a large donation for a good cause. its about using the cause as a clickbait advert to then hype up that a crap NFT is worth a lot of money, as a way to keep pushing that anything made using NFT should sell for a large double digit amounts even if the item is crap.

kind of shameful to use a scam to fund a defence against a scammer..
.. it puts a bad taste in my mouth that defending against a scammer is done by using scams

[aoluain]

Talking of ART, I have listed a raffle in the collectibles thread to create some funds
for hodlonaut's defense. Based on a project I did
recently, I'm raffling of a
limited edition self made book and a limited error print but
no tickets sold yet so I hope
its ok to post here too for a bit more exposure ?

< remove if necessary >

https://bitcointalk.org/index.php?topic=5411419.0

[Lucius]

~snip~
Literally thousands of regular people donating whatever bitcoin and fiat they can afford, but this guy worth $500 million will only donate if he gets to shill some NFT while doing it.

It sounds so incredible that at first I thought that I had misunderstood something, but I guess it is more than obvious proof that all these big players do not care about Bitcoin to the extent that they would publicly defend it, but are looking for a way to profit from such cases. Fortunately, there are many ordinary people who have helped and will continue to help, because we all care more about Bitcoin than various CEOs who are just looking for new ways to earn more.



https://twitter.com/hodlonaut/status/1564572821271052288

[o_e_l_e_o]

6 days until the trial begins, and the donation fund is now up to over 70 BTC plus $64,000, taking the total value of the fund to just short of $1.5 million. A great effort by the community so far, but plenty more to do. I'm certain that if anything is left over then it will be used to help other individual defend themselves from CSW's frivolous lawsuits.

Looks like Jesse Powell did buy one of the bitcoin based NFTs in support, although the 0.005 BTC cost falls a bit short of the 50 ETH donation he pledged: https://nitter.it/jespow/status/1566912208281317376

Also some other big names coming out in support, such as Braiins (Slush Pool), River, and Swan, although disappointingly still ongoing silence from the likes of Coinbase.

[Lucius]

I think I read in some tweet from hodlonaut that he talks about an amount of even $3 million as something that would be enough in every possible outcome. In any case, it is a very large amount and I hope that so much money will not be needed even if the verdict is unfavorable for hodlonaut.

I can't say how many donations was collected from some famous names, but some of them surely want to remain anonymous in order not to become the next target of Faketoshi. Maybe it's not so bad, although the public support of big companies would be nice at least as a moral support. Now that you have written what Jesse Powell donated, maybe it would be better if he remained silent like Brian Armstrong - but if they turn their backs on Bitcoin in this way, maybe the crypto community will repay them in some other way.

[o_e_l_e_o]

I can't say how many donations was collected from some famous names, but some of them surely want to remain anonymous in order not to become the next target of Faketoshi.

Maybe. But at the same time, when CSW is already bringing lawsuits against the likes of Coinbase and Kraken, they really have nothing to lose by supporting Hodlonaut, and as he points out, a lot to gain in their upcoming trials if Hodlonaut decisively wins this one.

but if they turn their backs on Bitcoin in this way, maybe the crypto community will repay them in some other way.

I doubt it. Coinbase are already one of the most anti-bitcoin organizations in existence. As I pointed out earlier in this thread, Coinbase have supported every major attack on bitcoin in the past, and only reversed their position at the 11th hour due to self preservation rather than doing the right thing. And that's even without mentioning their fundamentally pro-surveillance and anti-privacy ethos. Hell, they hired individuals which were complicit in human rights abuse, including torture, and used them to set up their blockchain analysis subsidiary. And yet the crypto community still have no problem using Coinbase. Anything that happens between Coinbase and CSW will be absolutely irrelevant in terms of attracting new customers.

If supporting a company complicit in actual physical torture isn't enough to stop people from using Coinbase, then failing to stand up to CSW will mean less than nothing to such people.

[n0nce]

Now you might be thinking-- all this sounds tragic for his victims and their families but why should it concern me? And indeed, for a long time it didn't and so almost anyone of any competence just ignored him. Unfortunately, this gave him significant control of the media narrative through constant events, press releases, and bought and paid for outlets.

Wow, that's interesting! Indeed, I stopped caring about what CSW is doing or saying years ago, but it seems to be much more serious than I thought.
CSW is actually attacking the whole of Bitcoin through corruption and court systems, just to fill his own pockets. That's utterly disgusting.

So I just stumbled across this post from Greg Maxwell on Reddit
[...]
Greg has made a number of excellent posts.

Just to clarify (as I'm not a Reddit user): nullc is the author of the thread and those longer replies and nullc == gmaxwell?

but in the end, Hal remains victorious. 

And... Hodlonaut == Hal?

6 days until the trial begins, and the donation fund is now up to over 70 BTC plus $64,000, taking the total value of the fund to just short of $1.5 million. A great effort by the community so far, but plenty more to do. I'm certain that if anything is left over then it will be used to help other individual defend themselves from CSW's frivolous lawsuits.

Hopefully, between now and the time Hodlonaut has to pay their bills, Bitcoin price will reach previous levels, so those donations may cover the $3m that seem to be required.

Edit: Donated through Lightning.

[o_e_l_e_o]

Just to clarify (as I'm not a Reddit user): nullc is the author of the thread and those longer replies and nullc == gmaxwell?

Correct. Verification: https://bitcointalk.org/index.php?topic=765936.msg8634218#msg8634218

And... Hodlonaut == Hal?

No. Hal passed away 8 years ago.

Hopefully, between now and the time Hodlonaut has to pay their bills, Bitcoin price will reach previous levels, so those donations may cover the $3m that seem to be required.

I'm sure he already has forked out substantial amounts in legal bills in all the run up and preparation for this case, but yeah, here's hoping for a bull run before he has to spend the bulk of these new donations.

[n0nce]

Just to clarify (as I'm not a Reddit user): nullc is the author of the thread and those longer replies and nullc == gmaxwell?

Correct. Verification: https://bitcointalk.org/index.php?topic=765936.msg8634218#msg8634218

Cool! I'm always glad to read Greg's stuff, so I'll bookmark his account over there.

And... Hodlonaut == Hal?

No. Hal passed away 8 year ago.

What did OgNasty mean with that comment though? I thought: maybe a new conspiracy theory.

[Artemis3]

Even Braiins joined. Time to put Wright in his place...

Bitcoin mining is what we do.

Bitcoin believers is who we are.

We will always defend the people and ideals of this community.

We're proud to contribute to @hodlonaut's legal defense fund. If you're reading this tweet, we encourage you to donate too.

🔗 http://defendingbtc.com

[o_e_l_e_o]

So the trial has begun.

Here are a couple of Norwegian bitcoin users who are in attendance and will be tweeting some updates as the trial progresses:
https://nitter.it/kristiandoble/
https://nitter.it/bitnorbert

According to bitnorbert, so far we have just had the opening statement from Hodlonaut's team. His latest tweet so far is interesting - an analysis from KPMG stating that some of CSW's documents (not yet clear which ones) are fraudulent. Will be interesting to see what comes of that, especially give the outcome of CSW's last trial where the judge found CSW "not to be a witness of truth" and made a "deliberately false case".

[NotATether]

So the trial has begun.

Here are a couple of Norwegian bitcoin users who are in attendance and will be tweeting some updates as the trial progresses:
https://nitter.it/kristiandoble/
https://nitter.it/bitnorbert

According to bitnorbert, so far we have just had the opening statement from Hodlonaut's team. His latest tweet so far is interesting - an analysis from KPMG stating that some of CSW's documents (not yet clear which ones) are fraudulent. Will be interesting to see what comes of that, especially give the outcome of CSW's last trial where the judge found CSW "not to be a witness of truth" and made a "deliberately false case".

Well here we go, this is going to be like a football match but in slow-motion...

Referee (judge) slight screwups that have a decisive impact on the outcome are always possible.

At least this judge knows not to ask CSW for an oath (under penalty of prejury).

[un_rank]

Quite the interesting balance. As someone pointed out in the comment, the more the lawyers, the more wrong you are.
Facts are immutable, and CSW has none of them on his side here.

- Jay -