Bitcoin Made Early Investors Stinking Rich but It’s No ...

Bitcoin Made Early Investors Stinking Rich but It’s No Mastercard Killer

Bitcoin Made Early Investors Stinking Rich but It’s No Mastercard Killer submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin Made Early Investors Stinking Rich but It’s No Mastercard Killer

Bitcoin Made Early Investors Stinking Rich but It’s No Mastercard Killer submitted by Ranzware to BitNewsLive [link] [comments]

PT Super Public Chain has the potential to outperform all mainstream public chains

PT Super Public Chain has the potential to outperform all mainstream public chains
Public chains have become a topic that is widely discussed, and it used to be all about comparing who had the better headlines and everyone was talking about Blockchain 3.0. Their normal method was to take a prominent indicator and make comparisons between them and a mainstream public chain in the market, and then come to a predetermined conclusion. Few articles objectively and comprehensively compare the current mainstream public chains in the market and give the public an intuitive and credible conclusion. Today, we are going to break this bad habit of this industry and make a horizontal comparison of the current mainstream public chains, and thus intuitively and objectively tell you what the differences are between public chains.

https://preview.redd.it/heczp9tj29t51.jpg?width=1772&format=pjpg&auto=webp&s=cbac81221394b3d5294b8c6eb1be52581b0d725f
Contestants:
First generation public chain: BTC (father of blockchain)
Second generation public chain representatives: ETH, EOS
Third generation public chain representatives: polkaDOT, VDS, PT public chain
Criteria for the different generations: classification

  • First generation public chain: mainly referring to the transformation from theory to the implementation of blockchain, Bitcoin is recognized as the representative of the first generation of blockchain.
  • Second generation public chain: the main purpose is to explore the possibility of blockchain applications, among which ETH is the representative. Although EOS claims to be the third-generation public chain, it really should belong to the enhanced version of the second-generation public chain.
  • Third generation public chain is on top of the second generation. It has generally found its niche, and comes with more valuable technical public chains, such as VDS resonance, or polkaDOT’s superb cross chain innovation, PT public chain's full chain compatibility mode and ultra-high throughput.
Four dimensions for comparison:

  • Public chain consensus: the core indicator of public chain innovation, which directly affects the performance and security of the public chain, with a top score of five stars.
Usage scenarios of the public chain: it mainly reflects the commercial value of the public
  • TPS: before upgrading to the 2.0 network, the TPS of ETH can only handle 30 transactions per second, which is considered to be in the weak category, and thus I can only give 1.5 stars.

  • Influence: the representative of the second generation blockchain, giving it 4 stars.
To sum up, the average score of the second-generation public chain ETH is 3.625 stars.
EOS (Second generation public chain):

  • Consensus: OPOS is a new set of consensus created in addition to POW, which perfectly avoids the shortcomings of the POW consensus mechanism. However, its own security has not been recognized by the community. Coupled with the existence of a centralized "referee mechanism", DPOS on the EOS chain has always received mixed reviews in the industry. At this stage, it only deserves a 3-star rating.

  • Usage scenario: thanks to the improvement of the consensus mechanism, EOS has the possibility of being suitable for large-scale applications. There have also been popular applications such as Pixel Wars. However, due to the high rental costs of CPU resources, developers are becoming more and more distant from the EOS ecosystem, and it has been a long time since there have been any popular new applications, so only 2.5 stars.

  • TPS: EOS claimed to have a million concurrency at the beginning of development, but the actual tested volume is 3800 transactions per second at the moment. Compared with the first two public chains, this was a major breakthrough, scoring it 5 stars.

  • Influence: at the beginning when launched, there was a massive wave of interest but then there were no popular applications and the ecosystem has gradually withered away, so influence gets only 2 stars.
To sum up, the average score of the second-generation public chain EOS is 3.125 stars.
polkaDOT (Third generation public chain)

  • Consensus: NPOS is an updated consensus, based on an improved DPOS. The double confirmation mechanism makes it more difficult for nodes to be corrupted, but the cost is higher, so taking into account the utility of the public chain performance, I’ll give it 4 stars.

  • Usage scenarios: polkaDOT provides a cross-chain relay chain mode, and its own positioning is to connect highways without public chains. At present, there is still a lack of real demand in terms of practical scenarios. So far, polkaDOT has been in a tepid state, giving it 3.5 stars.

  • TPS: the processing is 1000 transactions per second on the chain, and taking into account the safety and efficiency, this is a relatively ideal performance, giving an overall score is 4 stars. United States, but at present, based on its budding state, it can only score 2 stars for the time being.
    To sum up, the average score of the third-generation public chain PT is 3.5 stars.
In summary, from the score point of view, the scores of the three generations of public chain are beyond my original expectations. The second-generation public chain is still the preferred platform for mainstream applications, with mature technology, a friendly development environment and low user education costs being the key advantages. However, the third-generation public chain, as a latecomer, generally has a lower score. The technical purposes of the third-generation public chain are very obvious, so there is the phenomenon of partiality. Some of the main functions came close to a full score, while the rest scored relatively low.
https://preview.redd.it/vic3k7j049t51.jpg?width=3334&format=pjpg&auto=webp&s=27a24ce91445d25881d25a8ac8abbbdffbf82a8f
I am very optimistic about the PT public chain. As a latecomer, PT public chain has the first decentralized Dpos+Spos consensus mechanism in the blockchain circle. It has high security, high privacy levels, high efficiency, high capacity expansion, supports compatibility and cross chain technologies, which makes it easier to carry out multi technology development. It also innovates the efficiency of the destruction mechanism of mining coalescence, effectively improving the shortcomings of the traditional mining allocation mechanism, eliminating speculative players, and increasing the participation rate of consensus innovation in the technology and methodology. However, due to the weakness of the latecomers themselves, the ecosystem is in its infancy, and there has not been enough time for all of the innovative mechanisms to be tested by the market, so I can
chain and is an important basis for measuring the commercial prospects of the public chain, with a top score of five stars.
  • TPS of public chain: represents the maximum potential upper limit of the public chain, with top score of five stars.
Influence / achievement of public chain: represents the contribution value of the public chain to the blockchain industry, with a top score of five stars.
These four dimensions mainly consider the practicability of the public chain, and focus on the commercial value itself, as I believe that productivity is the only standard by which to measure technology.
BTC (first generation public chain)

  • Consensus: POW (workload proof mechanism) this is a consensus with the highest degree of security and decentralization so far. The disadvantage is that it is less efficient, because it is the pioneer of POW, so we will give it a great score of 4 stars.

  • Usage scenario: digital currency (payments, transfers, asset management) although BTC is currently the most commonly accepted digital currency, it has a single purpose. We give it a score of 2.5 stars.

  • TPS: it can only process 7 transactions per second, which is also the major factor restricting the popularity of BTC at present. This was a technology compromise in the initial start-up stage, we can only rate it 1.5 stars.

  • Influence: the father of blockchain, the founder of digital currency, it has to be the top score of 5 stars.
To sum up, the average score of the first-generation public chain is 3.25 stars.
ETH (Second generation public chain)

  • Consensus: POW (Proof of Workload) it is the same as bitcoin's consensus mechanism, and its advantages and disadvantages are also basically the same. The difference is that ETH has added an algorithm against mining machines, which makes the computing power more decentralized. In addition, the witness mechanism of DPOS was introduced in the era of ETH2.0, which means I can give a score of 4 stars.

  • Usage scenario: in terms of applications, ETH is invincible. It has the largest user group and developer team in the industry. It has produced popular and even quasi killer applications like Cryptocat, FOMO3D and DEFI, which is the king of blockchain applications. This gives it a full score of five stars.
  • Influence: the influence is limited to a small portion of the technology exploration community, giving it a 2.5-star rating.
To sum up, the average score of the third-generation public chain polkaDOT is 3.5 stars.
VDS (Third generation public chain)

  • Consensus: due to the lack of powerful computing power to support it, the safety and the performance of the public chain have basically not been considered, so, only 1.5 stars can be given.

  • Usage scenario: it has its own resonance mechanism, and it is no exaggeration to say that VDS was the most popular public chain in 2019. It immediately gained explosive popularity in the industry. We have to give credit to this kind of strength, scoring it 4.5 stars.

  • TPS: the official marker is 60,000 transactions per second, but there is no way to evaluate it, and only one star is given.

  • Influence: the once explosive project is now a thing of the past. All of the ecological hot spots have already been extinguished and only one star can be given.
To sum up, the average score of the third-generation public chain VDS is 1.875 stars.
PT Public Chain (Third generation public chain)

  • Consensus: DPOS+SPOS, double consensus. This is the application of the latest blockchain research results, which effectively balances the differing demands of security, efficiency and decentralization. It may become the mainstream in the future. Here I’m giving a high score of 4.5 stars.

  • Usage scenario: built-in cross chain, quantum computer confrontation, and has the first multi-currency aggregate mining mode. At present, PT public chain is the only fair chain in existence with zero pre-mining, zero reservations and zero handling charges. It is a public chain with long-term development potential. The PT public chain has just been put online, and the current ecosystem is still far from perfect, so, only scoring 4 stars.

  • TPS: under the normal condition of the main chain, the processing speed of 4,000 transactions per second is excellent, but the PT public chain also has a hidden power-up mode. Once the fragmentation mechanism is enabled, processing speed of up to 100,000 transactions per second can be achieved, which is quite amazing data. At present, it can only be given 3.5 stars based on the normal state.
Influence: as a public chain, PT has utilized a lot of new technology research, and also has a lot of innovation built into the operations. Recently, it has become popular in Europe and the only give it a low score unfortunately.
However, this score can only be used as a reference based on the specific current environment. Over time, the public chain ecosystem has had its ups and downs, user migration, pop-ups, technology iterations, etc., I still believe that the public chain, with its technical advantages and model innovations, such as PT, can stand out in the market, and time will be the best witness. Just as the PT white paper says, you will slowly get rich together if you make the right choice.
submitted by According_Ticket7936 to u/According_Ticket7936 [link] [comments]

How Data Centralization Ends by 2030

Link to Coindesk: https://www.coindesk.com/data-centralization-2030
The next 10 years will witness the systematic manipulation of human life at a scale unrivaled in history. For all the recent controversies over privacy and surveillance, the real threat is ahead of us.
Unless new approaches to online identity and data management take hold, both governments and private actors will move inexorably from knowing you to shaping you. Blockchain-enabled decentralization will develop as the only viable response to the iron logic of data centralization.
Blockchain believers often talk as though today’s early-adopter use cases, such as cryptocurrency trading and decentralized finance, will lead straight to mass market adoption. As the inevitable ‘killer apps’ appear, so the story goes, blockchain-based systems will conquer the mainstream. One might imagine that we’ll all soon be trading digital collectibles and relying on token-curated registries for accurate information. Governments will lose control over money, and blockchain-based smart contracts will replace court-enforced legal agreements. Uber, Facebook and the banks will wither away in the face of tokenized alternatives.
This narrative is wishful thinking. In most markets, intermediaries will endure for the same reasons they always have: they provide value. The Ubers and Facebooks – and yes, even the banks – tame complexity and produce coherent, convenient, de-risked experiences that no decentralized community can ever match. Early adopters use blockchain-based systems for ideological reasons or to get rich on cryptocurrency speculation. The billions behind them in the mainstream will not. The lock-in power of network effects creates high barriers for alternative economic systems. And the need for trust disqualifies decentralized solutions that are havens for criminals, incapable of effective compliance or vulnerable to catastrophic attacks – which, regrettably, means virtually all of them today.
Truly decentralized blockchain systems will reach critical mass not out of hope but out of necessity. Powerful actors and mainstream users will adopt blockchain as a counterbalance to digital behavior-shaping by governments and private platforms. Dramatic innovations such as decentralized autonomous organizations (DAOs), which manage activity automatically through smart contracts, will become significant at the end point of this process, once the foundations are in place.
Big data and artificial intelligence, pitched as freeing us from human frailties, are becoming powerful tools for social control. This is occurring along two parallel tracks: surveillance authoritarianism and surveillance capitalism. Through massive data collection and aggregation, China’s social credit system envisions an airtight regime of perfect compliance with legal and social obligations. Many other governments, including liberal democracies, are adopting similar techniques. The potential for catching terrorists, child predators and tax evaders is simply too appealing – whether it’s the real objective or a cover story.
"WHAT WE NEED IS A TECHNOLOGY THAT ALLOWS FOR SHARING WITHOUT GIVING UP CONTROL. FORTUNATELY, IT EXISTS."
Meanwhile, private digital platforms are using troves of data to shape online experiences consistent with their business models. What you see online is, increasingly, what maximizes their profits. Companies such as Google, Amazon, Tencent and Alibaba can build the best algorithms because they have the most data. And they aren’t interested in sharing.
Regulatory interventions will fail to derail the self-reinforcing momentum for ever more centralized data repositories. They may even accelerate it by creating layers of compliance obligations that only the largest firms can meet. Europe’s General Data Protection Regulation (GDPR) actually increased the market share of Google and Facebook in online advertising, and so it is not surprising to see such incumbents actively welcoming the prospect of more regulation.
The only lasting solution is to change the economics of data, not to impose private property rights; that would accelerate the market forces promoting data centralization. Giving you “ownership” over your data means giving you legal cover to sell it, by clicking “OK” to a one-sided contract you’ll never read. The problem is not ownership, but control. In today’s algorithm-driven world, sharing and aggregating data increases its value, producing better models and better predictions. The trouble is that once we share, we lose control to centralized data hogs.
What we need is a technology that allows for sharing without giving up control. Fortunately, it exists. It is called blockchain. Blockchain technology is, fundamentally, a revolution in trust. In the past, trust required ceding control to counter parties, government authorities or intermediaries who occupied the essential validating roles in transaction networks. Blockchain allows participants to trust the results they see without necessarily trusting any actor to verify them. That’s why major global firms in health care, finance, transportation, international trade and other fields are actively developing cross-organizational platforms based on blockchain and related technologies. No database can provide a trusted view of information across an entire transactional network without empowering a central intermediary. Blockchain can.
Adopting any new platform at scale, along with the necessary software integration and process changes, takes time – especially when the technology is so immature. But today’s incremental deployments will serve as proofs-of-concept for the more radical innovations to come. Chinese blockchain networks are already managing tens of billions of dollars of trade finance transactions. Pharmaceutical companies are tracking drugs from manufacturing to pharmacies using the MediLedger platform. Boeing is selling a billion dollars of airline parts on Honeywell’s blockchain-based marketplace. Car insurance companies are processing accident claims in a unified environment for the first time. These and other enterprise consortia are doing the essential technical and operational groundwork to handle valuable transactions at scale.
The need for transformative approaches to data will become acute in the next five years. Every week, it seems, another outrage comes to light. For instance, users who posted photos under Creative Commons licenses or default-public settings were shocked they were sucked into databases used to train facial-recognition systems. Some were even used in China’s horrific campaign against Uighur Muslims. Clearview AI, an unknown startup, scraped three billion social media images for a face identification tool it provided, with no oversight, to law enforcement, corporations and wealthy individuals. The examples will only get worse as firms and nations learn new ways to exploit data. The core problem is there is no way to share information while retaining control over how it gets used.
Blockchain offers a solution. It will be widely adopted because, behind the scenes, the current data economy is reaching its breaking point. Outrage over abuses is building throughout the world. The immensely valuable online advertising economy attracts so much fraud that the accuracy of its numbers is coming into question. Communities are looking for new ways to collaborate. Governments are realizing the current system is an impediment to effective service delivery.
The technologist Bill Joy famously stated that no matter how many geniuses a company employs, most smart people work somewhere else. The same is true of data. Even giants such as Google, Facebook and Chinese government agencies need to obtain information from elsewhere in their quest for perfect real-time models of every individual. These arrangements work mostly through contracts and interfaces that ease the flow of data between organisations. As Facebook discovered when Cambridge Analytica extracted massive quantities of user data for voter targeting, these connection points are also vulnerabilities. As tighter limits are placed on data-sharing, even the big players will look for ways to rebuild trust.
The blockchain alternative will begin innocuously. Government authorities at the subnational level are deploying self-sovereign identity to pull together information securely across disparate data stores. This technology allows anyone to share private information in a fine-grained way while still retaining control. You shouldn’t have to reveal your address to confirm your age, or your full tax return to verify your stated income. The necessary cryptography doesn’t require a blockchain, but the desired trust relationships do.
Once people have identities that belong to them, not to banks or social media services, they will use them as the basis for other interactions. Imagine a world where you never need to give a third-party unnecessary data to log into a website, apply for a job, refinance a mortgage or link your bank account to a mobile payment app. Where you can keep your personal and professional profiles completely separate if you choose. Where you can be confident in the reputation of a car mechanic or an Airbnb or a product made in China without intermediaries warping ratings for their own gain. The convenience of user experiences we enjoy within the walled gardens of digital platforms will become the norm across the vastness of independent services.
We will gradually come to view access to our personal information as an episodic, focused interaction, rather than fatalistically accepting an open season based on preliminary formal consent. Major hardware companies such as Apple, which don’t depend on targeted advertising, will build decentralized identity capabilities into their devices. They will add cryptocurrency wallets linked behind the scenes to existing payment and messaging applications. Stablecoins – cryptocurrencies pegged to the dollar, pound or other assets – will help tame volatility and facilitate movement between tokens and traditional currencies. Privately created stablecoins will coexist with central bank digital currencies, which are under development in most major countries throughout the world.
Once this baseline infrastructure is widely available, the real changes will start to occur. DAOs will begin to attract assets as efficient ways for communities to achieve their goals. These entities won’t replace state-backed legal systems; they will operate within them. As numerous controversies, crashes and hacks have already demonstrated, software code is too rigid for the range of situations in the real world, absent backstops for human dispute resolution. Fortunately, there are solutions under development to connect legal and digital entities, such as OpenLaw’s Limited Liability Autonomous Organisations and Mattereum’s Asset Passports.
Today, the legal machinery of contracts strengthens the power of centralized platforms. User agreements and privacy policies enforce their control over data and limit individuals’ power to challenge it. Blockchain-based systems will flip that relationship, with the legal system deployed to protect technology-backed user empowerment. Large aggregations of information will be structured formally as “data trusts” that exercise independent stewardship over assets. They will operate as DAOs, with smart contracts defining the terms of data usage. Users will benefit from sharing while retaining the ability to opt out.
"DATA WILL BE TREATED NOT AS PROPERTY BUT AS A RENEWABLE RESOURCE, WITH THE COMPETITION FOR ECONOMIC VALUE IN THE APPLICATIONS BUILT ON TOP OF IT."
Many significant applications require aggregation of data to drive algorithms, including traffic monitoring (and eventually autonomous vehicles); insurance and lending products serving previously excluded or overcharged customer groups; diagnosis and drug dosing in health care; and demand forecasting for economic modeling. Collective action problems can prevent constructive developments even when rights in data are well defined. DAOs will gradually find market opportunities, from patronage of independent artists to mortgage securitization.
The big data aggregators won’t go away. They will participate in the decentralized data economy because it provides benefits for them as well, cutting down on fraud and reinforcing user trust, which is in increasingly scarce supply. Over time, those who provide benefits of personalization and targeting will more and more be expected to pay for it. A wide range of brokering and filtering providers will offer users a choice of analytics, some embedded in applications or devices and some providing services virtually in the cloud. Governments will focus on making data available and defining policy objectives for services that take advantage of the flow of information. Data will be treated not as property but as a renewable resource, with the competition for economic value in the applications built on top of it.
The most powerful benefit of open data built on blockchain-based decentralised control is that it will allow for new applications we can’t yet envision. If startups can take advantage of the power of data aggregation that today is limited to large incumbents, they are bound to build innovations those incumbents miss.
The surveillance economy took hold because few appreciated what was happening with their data until it was too late. And the cold reality is that few will accept significantly worse functionality or user experience in return for better privacy. That is why the blockchain-powered revolution will make its way up from infrastructural foundations of digital identity and hardware, rather than down from novel user-facing applications.
This vision is far from certain to be realized. Business decisions and government policies could make blockchain-based data decentralization more or less likely. The greatest reason for optimism is that the problem blockchain addresses – gaining trust without giving up control – is becoming ever more critical. The world runs on trust. Blockchain offers hope for recasting trust in the networked digital era.
submitted by BlockDotCo to u/BlockDotCo [link] [comments]

[WP] You're the world's most wanted person. You have such a high bounty that every assassin, bounty hunter, and mercenary is trying to cash in. However, due to the number of people trying to get you, and since only one person can cash in the bounty, they have started fighting each other.

I wrote this up earlier today, only to find out that the WritingPrompts post had been deleted while I was writing. Posting it here instead; hope you all enjoy!
--
It might surprise you to hear that I was grateful for the bounties that they put on my head.
Sure, massive, record-breaking rewards for your death sound bad in theory. But the problem with the bounties was the same as the problem that caused there to be such a big reward for my death in the first place.
Bad incentives.
See, the entire government runs on bad incentives. There aren’t any politicians who support working-class people and so those people don’t feel like their vote makes a difference. So the greediest corporate lobbyists buy whichever corrupt politician can advocate for their own interests.
The politicians do as they’re told, the working-class people see yet another voting docket with nobody who appeals to them, and so they don’t bother to vote. And the cycle repeats itself.
So, where do I come into that picture?
I’m so glad you asked.
When a government has a massively inflated budget and is run by politicians with dangerous affection for whichever company pays them the most, there are...quite a few loopholes. You’d be surprised by how little it costs to buy some of them; just a fancy lunch or two is often enough to get them to put your language into a bill.
Tachyon Construction Enterprises, LLC did not exist before I moved to the capital. I’d saved up enough money to buy a couple of cheaper politicians, and convinced them to award some defense contracts to my firm.
Did they care that we had zero record of successfully completed projects? No. Did they care that the company only had three employees, two of which were pretty obviously my dogs since their names are “Fido Smith” and “Shiba Inu-Smith” on all company documentation? No.
Did they care that I bought them nice dinners at an excellent steakhouse the day before I asked them to slip some contracts into the latest bill? Of course they did!
A full 97% of the budget for TCE, LLC went to bribing lobbyists and politicians. Another 1% went to a few cheap stacks to function as servers for the bare-bones website and 1% went towards purchasing a small local construction firm that actually did solid work so that we could pretend to have actually done some construction projects.
The remainder went to the apocalypse bunker that I knew I would need once I got caught.
The game lasted for five years before they caught me, which was honestly disgusting given how little I did to hide my corruption. The bounty on my head would have been small if I’d just gotten caught stealing from the government cookie jar.
The real reason that so many people wanted me dead is because I described every detail of my business model, start to finish, in our public bankruptcy filing. I went on the right-wing news networks to disparage left-wingers, then went to a more leftist network to disparage the right-wingers. Then, I went on a business news network and disparaged everyone else.
The problem from the outside world’s perspective was that pretty much every local government in the country, not to mention the federal government, put out a public bounty on my head. Meanwhile, on the dark web, there were countless contracts paid out to kill me by various aggrieved business people.
Remember what I said earlier about bad incentives? It would have been easy enough for me to hide if only the government had a bounty out, but now pretty much every legal and extra-legal murderer in the world was out to get me.
But I’m only one person, safe well below ground in my bunker with enough supplies to survive a dozen apocalypses.
The killers, though? They could find each other on every street corner. All I had to do was a little bit more lobbying—a BitCoin payment or two and a few anonymous helpers later, the world would be convinced that I was holed up in some faraway land and the hunt would begin again.
Incentives aren’t too tricky to figure out, between good and bad. Once you’ve lost all faith in humanity, you can find a way out with a few lies and a few bribes to the right people.
Go too far, and you defeat the purpose. If I had ever been unsure about that before, the last six months I spent in my bunker while hearing the daily news about whichever bounty hunters had killed each other the night before certainly convinced me.
Sure, I was a monster. But at the end of the day, how many monsters have I already removed from the world? How many more would I take from the world by continuing to survive. When the revolution came, would they say that I inspired it?
Maybe, maybe not. But I knew that the world would be better off because I had lived, because I had exposed the rotten core of our system.
I was not the most wanted man alive because I exploited corruption. I was not the most wanted man alive because I had made a ton of money.
I was the most wanted man alive because I forced the world to see the rotten incentive system that the rich and powerful exploited to stay rich and powerful.
And for my final public act, I simply allowed that rotten system to go to work to keep my alive.
My parents wouldn’t be proud of me. But I certainly am.
submitted by NicodemusLux to NicodemusLux [link] [comments]

Reminder: Jews have real life time machines and want me to think that particle accelerators are time machines

Helloooooooo, it's me Satan/the devil again. Thought I would post another reminder about the jews having real life time machines which they have been showing off to me using their "media" (mostly).
Here's the documentary again, which I found on amazon primevideo after already coming to the conclusion that particle accelerators might actually be time machines.
https://www.imdb.com/title/tt0867212/
If particle accelerators are actually time machines, my mother may have actually received a tour of the large hadron collider, because she has been to both France and Switzerland during the same trip and my brother even lives in one of ze countries now. The official reason for her visit was to attend a "patent" conferance. 🤷‍♂️
Dialogue from the Ark Society level of Hitman 2 which mentions "patents" - https://streamable.com/chxs6p
"You see they are sitting on some patents that will knock your socks off."
"Weather control systems."
"Recycling pollution as fuel."
"Cold fusion. You name it."
Satan is naming their time machines too. 🤣
Anyway, she visited one of zose countries again (to visit my brother) and that too without telling me. I told her not to go because of the expensive plane tickets (she has been pretending to be "poor" all these years. well, not THAT poor. "middle class" poor. 🤣). I certainly considered the plane tickets expensive. It cost more than 1 lakh rupees (1,00,000) for a two way trip (which I considered to be a lot at that time). So if I would have gone too, it would have been more than 2 lakh rupees ( rupees are also jewish apparently ). Money that could have been spent on other things (jews have been emailing Satan recently with suggestions like "spend money on experiences, not things". 🤣). Of course, now I think money and the financial system is fake and designed exclusively for Satan but only YOU will know whether that is the case or not. 🤷‍♂️
Oh, and because she was planning on going without telling me, she even agreed to give me some "mummy money" (20,000 rupees) to buy some "pyramid scheme money" (bitcoin) which I then used to buy an antminer s1. Pretty neat pyramid scheme, huh? Has cool miners and everything. 🤣
Anyway because they have time machines, jews not only know what I am "sinking about" right now, but they also know what I will be "sinking about" in the future. 🤣 Check my previous posts and reminders about their mass surveillance tech if you don't know what I am talking about (once again assuming/pretending that everyone in the world doesn't already know who I am and already know about the existence of time machines and other advanced tech). 🤷‍♂️

Moar Satanic Rambling

I mentioned amazon above. They recently VERY actively participated in the "Q psyop" by showing the following riddle to Satan/me in a "riddle quiz" (or whatever you want to call it) that they had in the "fun zone" section of their app. Here's the riddle as I remember it.
"I usually follow Q. But not in QATAR. I come twice in queue. What letter am I?"
I bet they were hoping that I would correctly answer it, but I unintentionally answered it incorrectly as "E". Otherwise it was supposed to be "U". You know, "QU". "Q you". Calling me Q. Q from LGBTQ. 😐
Anyway, I didn't even look at the list of answers properly and had very quickly decided that the answer was "E" because in my mind I imagined the letters going from left to right (in a queue 🤣) and the answer would have been "E" in that case. The letter "E" would have been following "Q". By the way, there is no "E" in any of my real life names but there is one in "JEW". 🤣 Maybe that's why a jewess was pretending to be a bot and other jews were referring to her as EBOT in the Q research 8chan board (mentioned in one of my old posts). They were spelling "ABOT" as "EBOT". 🤣🤷‍♂️
I am also guessing that "QATAR" in the above riddle is supposed to mean something since it was in all caps. "Q a rat" maybe (country names are fake apparently, as I mentioned in my previous post)? Like the rat from the movie Ratatouille? 🤣 Even my mother was once mispronouncing Qatar as "Quatar", and I corrected her saying it's QAtar and not QUatar. But yes, once again, "QU" or "QUA" (Q you, A). 😐 Like I mentioned in my previous post, I now believe she is also a "psyop" participant and she continues to actively participate in the psyop.
Just recently she threw away a pack of masala powder just to make me angry. I had already started cooking when I realized that the pack was missing. At first I thought she may have just hidden it, so I searched everywhere but when I couldn't find it I realized she had mostly likely thrown it away. I am not talking to her at all right now (for obvious reasons 😐) but did manage to indicate that I was angry because of the missing masala powder (not that she didn't already know. it was part of the "plan". trust the plan. 🤣) and she eventually admitted that she had thrown it away, apparently because the pack was "completely open". There were long expired packs of various masala powders lying around (still are) that were actually "completely open" that she didn't bother to throw out but she threw away a brand new pack that I had bought. 🤷‍♂️
Should also mention that everytime I brought up the "psyop", her dialogue was something like, "Internet people are tricksing you-internet people are tricksing you". 🤣🤷‍♂️ "Internet people" are "tricksing" me apparently. 🤣 Well, I am translating but she was using the word "tricks". 🤷‍♂️
I believe I have also figured out what one of my real life names actually means. One is supposed to be calling me an "objectophile" (like "QU". "Objectophile U".) and the other one (the one in my birth certificate, ID cards, etc.) is supposed to mean something like "You are a fool/simpleton, devil". Any jew here willing to confirm? 🤣
Anyway, as jews already know, I think it's okay to be a fool/simpletion but not okay to be evil. Who goes to hell? A fool/simpleton or someone who is evil? <- "Q" style questions. 🤣
As I mentioned in my previous posts, I believe ALL jews are evil. Especially if all of them indeed know who I am and have been watching me all these years. 😐 Someone was even posting on 8chan saying something like, "we are not evil. promise...". Watch a compilation of everything you have done to Satan all these years if in doubt about the fact that you are evil. I am assuming you have recordings. Or did the jewesses who run the jew world delete them from the face of the Earth and are now claiming that some of the things that I have been "sinking" about never happened?
Other than that they have continued to do shit like male genital mutilation and abortions despite having time machines and knowing in advance that Satan will be anti-male genital mutilation and anti-abortion. Assuming that abortion is real of course. I haven't seen it with my own eyes after all (just like my mother says that she DOES NOT believe that god exists just because she hasn't seen god with her own eyes. heard the same thing from others. 🤣). I even remember someone posting pro-abortion shit in the 8chan Q research board. Something along the lines of "if you want to buy a gun, do it. your choice, pro-choice...". How about "if you want to do the apocalypse, do it. your choice pro-choice", hmmm? Besides, jewesses who have had abortions could have "chosen" to not have sex. If abortions are real, I am guessing there are many jewesses out there who have had abortions by the time they were 30.
Satan is 30 years old in his current human form and is a virgin. 🤣 Even the "Virgin" brand is referring to Satan. Yes? Also figured out recently that the "Coca Cola" brand is referring to Satan also. Bought an "(allocacoc)[https://www.allocacoc.com] powercube" and found the name odd initially but realized that it was Coca Cola spelled backwards with an extra "L" and knew it was supposed to mean something. Later saw one of those "coke and mentos" videos on youtube again and finally realized what it is supposed to mean. "Coca Cola" is supposed to be "A Cola Coc". "Cola" is supposed to be "কলা". It's supposed to be referring to Satan's dick. That's why there were those "muh dick-muh dick-muh dick" posts on the 8chan Q research board. Yes? 😐
Anyway, if the "Coca Cola" brand was indeed established in the year stated in wikipedia then it would seem that the jews have had time machines for the past 100 years at least.
I have also realized that "muh dick" is also partially mutilated and my mother lied to me about that also. Claimed to have taken me to the nurse because she noticed "pus" was coming out of my dick and the nurse did some "cutting". Said that there would have been "कष्ट" after marriage otherwise. Had no idea at the time what she was talking about, but perhaps she meant that a lesbian jewess might have found my unmutilated dick "ugly"? 🤣 Watch that "Nip/Tuck" episode#Episodes) and that "South Park" episode defending male genital mutilation if you have no idea what I am talking about.
What if jews force their senior citizen parents to get a face lift, nose job, liposuction, or whatever without anaesthesia? And say shit like "we are only doing it to make you look beautiful so that you don't have any "कष्ट" if you decide to get married/remarried or so that you are invited to more lemon parties"? 🤣 They can use their mind control tech to wipe the memory of the surgery afterwards if necessary (or use roofies if they are real 🤣). Can even invite people to witness the surgery and they can say "mazel tov", "oy vey", or whatever it is they say after a "bris".
Now, I don't know if "brises" are real because I haven't seen one with my own eyes. I have however seen a "fully mutilated" dick when I was a kid (3rd grade). It was in the school (a different school, not the one I mentioned in my previous post) bathroom which was just a "shed" with a drain in it (was the female bathroom also just a shed with a drain in it? There was even a South Park episode about school bathrooms but in their case the bathroom wasn't just a "shed" now, was it? 🤣). Anyway, I assumed that I had seen a catheter "wrapped" around his dick as I had heard about catheters by then but did not know what they looked like or how they worked. I asked the kid why his dick looked different assuming that he would confirm my theory that he was peeing using a catheter. But he replied saying that it's because he is "muslim". It was an odd explanation I thought, and even asked my mother that day and she didn't bother to explain it either.
Even after that incident I didn't know about "male genital mutilation" for years. But eventually "real time" told me. But even then I didn't know that even my dick was partially mutilated but "real time" has now told me about that too. 🤷‍♂️
Well, jews were also posting a "render" (I think) of an unmutilated dick on 8chan and someone on voat replied to a comment of mine saying something like "No one actually knows what an unmutilated dick looks like" which I only recently saw. Could have just said something like, "Your dick is mutilated too, Satan" but whatever. 🤷‍♂️

Video games

Already mentioned a video game above, but will be mentioning moar video games here under this heading. As I mentioned in my previous post, they are also using their time machines when making video games. I also mentioneded that I could be living in a simulation for all I know and you could all be NPCs. Later I remembered a video game that I didn't play just because the story/plot had "simulation" in it. I then checked out the plot again on wikipedia and noticed that it mentions "time travel" also. 🤣
https://en.wikipedia.org/wiki/Saints_Row_IV
The game's loyalty missions impact the ending of the story: if a number of these are not completed, the Boss makes plans for the Saints to take over more planets and expand their new empire; however, if all are completed, the Saints learn that they can restore Earth using time-travel, discovering that Zinyak captured several historical figures and placed them in suspended animation. The Boss soon discovers one of them to be 19th century writer Jane Austen, whom they are a fan of, and who reveals herself as the narrator of the game's story once she is awaken her from stasis.
There's also the following DLC where Satan is mentioned. 🤣
https://en.wikipedia.org/wiki/Saints_Row:_Gat_out_of_Hell
I have both the game and the DLC in my Steam library but have never played them. I bought them during a sale or something. They were being sold as a bundle (Humble Bundle maybe) but I was only interested in Saints Row The Third.
I should also mention The Witcher 3: Wild Hunt. The game has some cannibal witches who eat kids (they ate grown ups too; they didn't discriminate. 🤣). And the witches were shown to possess "mass surveillance" capabilities, but they were using magic. They would nail human ears to trees or something. Satan chose to free that tree spirit the first time he played that mission but later noticed the tree spirit did not get rid of those "ladies" for some reason. Plot hole?
Anyway, I read right here on /conspiracy that jews apparently eat aborted babies. It was the "Robert David Steele AMA" I believe.
Were you jews hoping to tell me that you don't really eat aborted babies and I only believed it because I am gullible? There was even a South Park episode recently where there was the dialogue "well, we don't eat them...", but they were talking about cows. Were they actually talking about aborted babies? There was also the dialogue "...nobody wants to do it...". Nobody wants to do abortions but do them anyway because jewesses auto-magically get pregnant (like Satan used to think when he was a kid)? Also, there is a dialogue in a "Penny Dreadful") episode where a witch who does abortions and is called a "cut-wife" says something like "this village needs its cut-wife...". Why did the village need a "cut-wife"? Because the jewesses living there were auto-magically getting pregnant even though they didn't have sex? 🤔
Unforuntately for the jewesses who run the jew world (who are no doubt like those "ladies" of the wood), there are also stories like (Hansel and Gretel)[https://en.wikipedia.org/wiki/Hansel_and_Gretel]. Even my own mother used to try and scare me when I was a kid saying things like "juju buris (বুড়ি) kidnap kids in burlap sacks..." or something. 🤷‍♂️

TV Shows

Already mentioned TV Shows above, but will mention more here.
I recently remembered the cartoon "Pinky and the Brain" and realized they are also supposed to be depicting Satan. Check out the opening theme and the lyrics - https://www.youtube.com/watch?v=qzZmU0aGmcc
They even show Saturn crashing into Earth during the part where they sing "by the dawning of the sun, they will take over the world". 🤣 There's also "to prove their mousey worth, they will overthrow the earth...". 🤣 Satan is dinky apparently. 🤷‍♂️
At the end of the opening theme there is even the name of an openly-jew jew mentioned ("Steven Spielberg"). If you are a "poor" jew who doesn't know about the existence of time machines and other advanced tech that "rich" jews have, maybe you can ask him what he knows.🤷‍♂️
Also mentioned in my previous posts that I am also supposed to be Jesus and there is this scene from an episode of The Simpsons - https://streamable.com/oumsad
The scene was actually censored when airing on a local TV channel and I even mentioned it to a desi jewess who was "sent" to chat with me. Looking at "muh chatlogs" is how I remembered that scene. 🤣
The jewess was trying to pretend to be psychic or something. She was even telling me about my future which I had totally forgotten about. I did remember that she asked me if I believe in "astral projection". I said no, so she dropped the subject. Otherwise I am guessing she would have claimed to be able to see me using "astral projection" and not because all jews are watching me like Truman from The Truman Show.
I also remember another jewess who was "sent" to chat with me and she was asking me if I had read Harry Potter and knew what a "prophecy" was. When I said yes and used "भविष्यवाणी " to define "prophecy" she dropped the subject. 🤣 She was claiming to be studying to be a psycho-logist and was repeatedly asking me "How do you feel-How do you feel". 🤣 I had no idea what she meant at the time, but now I know (thanks to "real time") that it's just something that psycho-logists say. 🤣 No doubt that was the first thing she learnt at "psycho-logy school". 🤣 Satan is a psycho apparently. 🤣🤷‍♂️
Oh yes, I was talking about The Simpsons. I remember seeing posts right here on /conspiracy speculating whether The Simpsons creators know about the existence of real life time machines because many episodes seem to depict future events. Well, no need to speculate any longer, they do have real life time machines. But it's not just The Simpsons creators. It's all jews. Be it Hollywood, Bollywood, Tollywood, etc. Maybe you can even ask them during comic-con or something if you are a "poor" jew and do not know about the existence of real life time machines.
I now also believe that the boat painting in The Simpsons living room is based on something that Satan painted not long after the shit stick incident. After the shit stick incident that I mentioned in my previous post, my mother agreed to reconnect our TV cable connection on the condition that I attend a religious summer school. That's where I painted a ship which was supposed to be like the ships from Assassins Creed Black Flag. It was supposed to be an art "class" but there was only one and they were like "paint whatever you want to paint". Were they expecting Satan to paint something Satanic? 🤣 I remember the kid next to me was painting an alien. Large sheet of paper but he was painting a small alien in the middle of it leaving the rest of the sheet blank. 🤷‍♂️
Anyway, in case of The Simpsons, the painting is that of "a boat" (wink-wink-nudge-nudge?) but it's very similar to the ship painting that I painted. If you really do not know about the existence of time machines and other advanced tech maybe you can even ask the creators of The Simpsons (in the next comic con or something). You can say something like "a conspiracy nut on /conspiracy claiming to be Satan was also claiming that you have real life time machines and the boat painting is based on something he painted at a religious summer school after a shit stick incident and that you got rid of the Apu character because he wanted The Simpsons cancelled because he got the impression that you were being anti-Trump and pro-Hillary...". 🤣🤷‍♂️
Anyway, there was even a kid at the above mentioned summer school who was pronouncing "cheat codes" incorrectly. He was pronouncing "cheat" as "kheat". Was he acting like the actors from Truman Show and reading his lines from an "eyephone" teleprompter? Or was it intentional? 🤷‍♂️ By the way, the downstairs neighbours' kids were also there in that summer school and they would have at least heard the shit stick incident. Yes? I believe they also knew about the "psyop" and could have told Satan but didn't. How are you jews trained to participate in the "psyop" anyway? Are you sen't to special "psyop schools"? 🤣🤷‍♂️
In one of my previous posts that was deleted by a mod, a jew had commented asking me whether I was a little girl because I had used so many "emojis", so let me mention the cartoon "The Grimm Adventures of Billy and Mandy" also. All three of the main characters are also supposed to be depicting Satan, including Mandy. Check out her devil horns like hairstyle. 🤣
There is also this song from the show. https://www.youtube.com/watch?v=yui4zkZQwCA
It has the lyrics "if at first they think it's strange, they wont think twice once I've eaten their brains".
Jews thought that if Satan thinks all the evil shit they do is "strange", Satan wont think twice after they manage to figuratively eat his brain? They were also posting this image on 8chan. Yes, Satan has been "fucked by psyops" because physical wounds heal apparently. Not that jews haven't caused physical wounds also but they always end up healing. 🤣

Movies

Scene from the movie "My Favorite Martian" referring to Satan's zipper incident - https://streamable.com/n3e30i
Was four or five years old when it happened. The zipper of the shorts that I was wearing, got stuck on my partially mutilated foreskin. I was crying in pain even though there was no bleeding. Jews most likely have a recording of this incident also (if they haven't deleted). Later the same nurse who most likely mutilated my dick was telling me to wear underpants as if I could conjure them out of thin air.
I didn't wear underpants back then and didn't even for years after that incident. Now I wear "square" underpants, which is why there is "Spongebob Squarepants" (I am also supposed to be Patrick). 🤣
Anyway, jews know about the zipper incident too but are continuing to perform male genital mutilations anyway. Yes? Perhaps they are like, "another benefit of having a fully mutilated dick is that you don't have to worry about zipper issues". 🤣🤷‍♂️

Music

Jews are using their time machines even in the music they produce.
My motorcycle that I mentioned in my previous post was seized by the cops (I used to think that the local cops are useless but now I think that they are just fake) using "Coronavirus" as an excuse. And when recently looking at the details of the "Foghat" album "The Best of Foghat", I noticed the song with the title "Third Time Lucky (First Time I Was A Fool)". I have been to the cops twice to get back my seized motorcycle. First time I went was on April 1 (april fools day). I was planning on not going a third time and just let the fake cops keep my motorcycle. After all, they are jews, the motorcycle was made by jews and even the money I used to buy the motorcycle was "jew money". And I noticed that there is also the song with the title "Take It Or Leave It". 🤣 Oh, and now I see that there is also one with the title "Easy Money". 🤣
The name "Foghat" itself is most likely referring to how Satan's helmet gets foggy sometimes. Yes? 🤔🤷‍♂️
Anyway, wasn't able to pass much time with the bike anyway. It was only making me spend fake jew money on fake expensive fuel. Not to mention the trips to the service center. It needs servicing every three months apparently. So, I am thinking I will leave it with the fake cops. What do you jews think? Is it a good plan? Trust the plan? 🤔
Oh yes, the second time when I went to the cops, they gave me a phone number and asked me to call it (I didn't) and also gave me a fake name when I asked for one. Which I now think is supposed to mean "You are Satan, pal", kinda like that South Park episode about mormonism ("moronism"; Satan is a moron apparently; Amaron) where Cartman was like "My name is Yura, Yura Fag". 🤣 If yes, then here is a message for the fake cop who gave Satan the fake name, "Satan is not your pal, gal". 🤣
Yes, the second time the fake male cops were gone and there were only two jewesses. The male cops are in "isolation" apparently. 🤣 I was wondering if I should have shown them that clip from The Simpsons where Chief Wiggum says something like, "look at my badge. cash bribes only..." because most of them are fat or chubby. And because I used to think that all the local cops were good for was scaring and threatening people and asking for bribes. 🤣 The second time there was only one male cop (a gatekeeper or something, who got brave and was rude to Satan) and this time they made sure that it was not a fat one. 🤣 Anyway, I can make fun of the fake fat cops (many of whom have "pregnant" bellies. men and women are equal so men are also able to get pregnant. those cops were actually pregnant. yes? 🤣) just by "sinking" about it. How cool is that? 🤣
I also remember that South Park episode now where they were calling bikers "fags"). Original air date is 2009 whereas Satan bought his bike in 2019. So yes, you can ask them about the existence of real life time machines and other advanced tech also. 🤷‍♂️
Recently Satan has been passing the time "code monkeying". That's why the 8chan administrator is called "code monkey", yes? I have been playing with "CodeIgniter" and there is "psyopy" content even in the "CodeIgniter" documentation.
use CodeIgniter\Controller;
class Helloworld extends Controller { public function index() { echo 'Hello World!'; }
public function comment() { echo 'I am not flat!'; } }
Yeah, the world is not flat apparently but since I haven't seen it with my own eyes I probably should not believe that it's round. Yes? 🤣🤷‍♂️
Well it doesn't really matter if the world is round or "flat". What matters is that if everyone in the world knows me then unfortunately for you, you are all evil. And it's actually more unfortunate for you if you are not NPCs. You know what I am sayin'?
By the way, is Satan's "Mann ki Baat" being broadcast to everyone in the world uncensored or should he write down more of his "mann ki baat"? 🤔 Like how he has been "sinking" to Ubisoft whether the "apocalypse" comes under "everything is permitted". Feel free to comment here with your reply Ubisoft.
Mind-wiped Satan now thinks total apocalypse (get it? total apocalypse. kinda like total eclipse but apocalypse instead of eclipse) is necessary and since he is addicted to TV shows, movies, video games and the internet apparently (all jew media), it would be the unselfish thing to do (assuming it's up to him to do the apocalypse). Yes?
Satan has been trying to be "sober" though. No TV shows, movies or video games for the past two months. Did not renew his 100mbps internet connection either. Let's see how long the lockdown can continue. 🤣🤷‍♂️
It's Saturday and Satan managed to spend hours writing the above post. 🤣
submitted by rcspy to conspiracy [link] [comments]

Third Wave Blockchain is Coming

Third Wave Blockchain is Coming
Peter Vessenes
I trace three major Blockchain waves of innovation: First is Bitcoin and the Bitcoin era: the Satoshi paper and Bitcoin core client launched what I believe is the future of banking and finance in 2009.
Second: Ethereum, smart contracts, and the innovation of adding cost accounting to Blockchain interactions. This method to get rich interactions on-chain was fundamental and groundbreaking.
Tokenization and the melding of our global securities and commodities system with smart contracts followed soon after, and is the killer feature of second-generation Blockchain innovation.

https://preview.redd.it/05axcz3msja51.jpg?width=500&format=pjpg&auto=webp&s=7adfda0456636780b4e4259955e458e1f5c2ff7e
We are now starting down the path to third-wave Blockchain – Decentralized Finance. It’s going to be very, very exciting.

Why DeFi?

Bitcoin locked its protocol down too early in our innovation cycle. I’ve written a bit about why I think this is generally inevitable elsewhere; in brief, the economic risk/reward relationship heavily incentivizes stagnation.
Ethereum followed a blind alley that Bitcoin avoided – it became too easy for regulatory attachment. I think of 2016 - 2017 as an era of explosive innovation around game theory, economics, creation of novel financial products. It was brought to a halt by the innovator’s decisions to move quickly – a short term gain, but midterm loss.
Quickness meant, in 2017, skipping the hard work of truly decentralizing the tokenization protocols. Ethereum’s design never privileged privacy the way that Bitcoin’s did; the combination meant a bonanza for legal firms and regulators, and a stifling of innovation except for a few intrepid and hardy innovators.
DeFi is the hard medicine we needed to take in 2016. While entrepreneurs were busy working on finding friendly jurisdictions for tokenization, companies like Blockstream were working on “Permissionless Innovation”; that’s code for a deep skepticism about the value of regulatory oversight on Blockchain innovation.
This permissionless innovation-informed design work is hard – extremely hard. But, that design and implementation work is starting to show some fruit in the protocol layers of the Blockchain industry, and the lessons of the regulatory crunch have been internalized by the second wave entrepreneurs.

https://preview.redd.it/fxjp9tlnsja51.jpg?width=500&format=pjpg&auto=webp&s=6cdb1ef3529c6b9f06a9f65766f5f3dc7ed5c8b5

We’ll Be Speeding Up Again, But Things Will Be Complicated

I expect to see some visible speeding up and inflection points around tokenization in the next twelve months. Things like Bancor v2, Polkadot launching, and the ecosystems already built around Maker, (I could list ten Defi groups here, but I won’t) – these DeFi offerings are going to keep getting better and leveraging the network effects of interoperability as liquidity and speeds start taking off.
Consumers don’t want relationships with financial institutions or regulatory oversight, full stop. They want zero friction, high safety and high usability; DeFi is going to be able to provide this. When they come, expect some eye-watering returns and shocking growth stories.

https://preview.redd.it/6k1stklosja51.jpg?width=500&format=pjpg&auto=webp&s=07cc621128cf3e7b631b13d92839af16ee299a41

Capital 6 Eagle

DeFi is one of the areas I’m most excited to invest in during this cycle. However, it’s not the only one - I still think there are useful innovations to be had in data security, identity, fundamental infrastructure, and hard asset tokenization, all of which will continue to get easier and easier with the DeFi wave that’s coming.
So, with that vision of the future, I’m excited to announce the launch of Capital 6 Eagle, a partnership with my friend Wu Ying. We will be investing in Western and Chinese projects, and bring with us a very exciting cohort of LPs interested in Blockchain.
If you have a project you want to pitch or just want our feedback, please get in touch: [email protected].
I’m looking forward to the future – it’s going to have extra freedom added.
submitted by c6evc to u/c6evc [link] [comments]

Hide and Seek

An old friend of mine emailed this to me a while back with the subject line “Hide and Seek” and I’ve been hesitant to post it for reasons that should become obvious as you read it. That said, I feel that enough time has gone by for this to be safe so I’m going to post it here. The only edits I’ve made were swapping out names and formatting, otherwise it’s all exactly as he sent it.
T, if you’re reading this then message me. I want to know if you’re alright, and if you are I know you’ll be looking for this story to show up.
This is what the email said:
Rijento,
I’m writing this story because I feel like I need an outlet. I swear to god that you better actually check your email for once in your damn life!
Please…
As for if you actually are reading this, I want you to wait as long as your (admittedly) better judgment tells you to wait and then post this story online. I know it’s a bit vain, but I want people to know my story. Hell, it might be the last one I ever tell. Double hell, it might actually even help some poor soul out.
I’m going to disappear after sending this, hopefully the good kind of disappear and not the death kind. I know nobody but you is going to believe this story but damn if typing this out didn’t make my sorry ass feel better. You were right about that man, I’m sorry for giving you shit for writing so much…
This is the attached file. “Hide and Seek”:
Before I get in to the ‘hiding’ and ‘seeking’ I have a bit of a confession that needs to be made. I work as a transporter for a deep web black market site… I hope it doesn’t change your opinion of me too much, sorry for not telling you sooner.
I’m the guy they call when they get an order for something they can’t send through the mail. Guns and live animals are two good examples. You’d be pretty hyped to know how many rich assholes just order lions and tigers from the dark web.
For obvious reasons, I can’t go in to too much detail, I don’t want to make any dangerous enemies and even after this I still don’t want to lose my job. It’s a pretty sweet gig all things considered, all I have to do is pick up from the seller and deliver to the buyer. I can even choose what jobs I want to take, lets me cling to what little principles I still have. And I DO have principles. After a few years working for the site, my two rules were: no people and no crossing borders.
Anyways, I got into a bit of a bind with the cryptocurrency crash that happened early this year. The site mostly pays in Bitcoin and, well, I decided to let my wallet sit and grow. By the time I realized what happened, my savings were destroyed. Nobody expected it to crash that hard… And it probably wouldn’t have been as much of a problem if I hadn’t also gotten used to living a life full of the finer things. I didn’t really ‘save’ all that much to begin with either. So when my savings finally ran dry and the market was still down, I decided to… Lower my standards a bit and take a riskier, higher paying job.
Organ transport.
I haven’t done it before… I hadn’t been that broke in a long time. Organ jobs pay well too, and I figured I still wasn’t strictly breaking my ‘no people’ rule if it was just their organs. So, I hopped on the site and browsed through the pitiful number of requests in my area till I found what I was looking for. A rich buyer who: had shady connections, was in need of some organs, and lacked either the time or patience to wait for them to come legally. As far as these sort of requests went, this was pretty much the norm from what I’d heard. So I accepted the job and got an email with some additional details about the order: the customer needed two kidneys (which was what I was to transport) and a liver (which they had made a separate request for).
From what other people on the site have told me, what should have happened was the job would move to the ‘seeking seller’ section and I’d be on hold till someone… ‘_acquired_’ the kidneys.
What actually happened probably should have tipped me off to use my monthly free withdraw… I got a notification two hours later that there was a seller.
Rijento, I don’t know how much you know about medicine, but if you do know anything then you’re probably squirming in your own skin about right now. For those who may or may not be reading this that are not in the know, not only do the donor and receiver have to have compatible blood types but kidneys only last about a day outside of a warm body.
Not exactly a product you can stockpile.
I got another email, about the pickup this time, and began the internal debate between the bad feeling in my gut and my empty wallet… You can probably guess which one of them won out… Anyways, I planned my route; one hour to get to the seller and four hours to get from there to the buyer. I sent the site my plan and within minutes they approve of it and set up an actual meeting point. I sighed and grabbed my things, trying to swallow my nerves the entire hour it took me to reach the meeting point.
I sat down on a bench in a city park and waited for what seemed like ages before I felt someone staring at me. It took me a solid minute to pick out who it was even though there were only a few people around. He was sitting with his back to me at a picnic table about ten yards away from me and whenever I looked away I could feel his eyes on me. When we eventually did make eye-contact he bounced excitedly in his seat and waved me over; my heart sank as he also slid a small case into my line of sight.
I forced myself to smile, walked over, sat down, and hid my annoyance. Most of the buyers on the site were practically carbon copies of each other. Probably because you could only become a buyer if another buyer knew and endorsed you. The sellers, on the other hand, were all certifiably insane.
None of the other transporters I’d chatted with had ever met with a ‘normal’ seller. Because of this, all of them quickly learned to keep conversation to a minimum and to not under any circumstances piss any of them off. I decided to follow in their example.
The man sitting in front of me looked friendly enough, overly so if anything. He was scrawny, didn’t look like he would be strong enough to… well… kill someone and harvest their insides. He had a strange smile on his face, and even now I can’t get it out of my head. The kind of overly friendly, wide toothed smile that mothers warned their children to stay away from. It somehow managed to be both inviting and creepy at the same time.
I smiled back and spoke up, “So you’re the seller then?” I asked, and the man nodded.
He nodded and responded in a sickeningly sweet voice… He sounded like a child in a toy store, his voice strained with excitement and wonder as he droned on to his parents about what toys he wanted.
“Oh I’m so glad you found me. For a minute there I thought I’d have to call ‘olly olly oxen free.’” He said with a pleased sigh, pushing the case to my side of the table. “You know… Over the years I’ve gotten quite good at playing hide and seek. So good, in fact, that I’ve never been found. Not. Even. Once. Do you want to know my secret?” the man asked, his voice still just as unsettlingly sweet as his smile.
“Sure, what’s your secret?” I asked. I really, really didn’t want to know what the hell he was talking about; but if it kept him happy then…
He clapped rapidly and bounced in place, “Oh I’m so glad that you’re a curious one. My secret is that the seekers never know that they’re playing.”
“Makes sense…” I said, opening the case momentarily to verify. Two kidneys in pristine condition, doused with preserving fluid, wrapped in plastic. and packed in ice. “If the seeker doesn’t know they’re playing then how would they know to start looking?” I said, leaving out the fact that it would just be stalking at that point before swallowing hard when I thought about where these kidneys came from.
“You’re a smart one…” he said with a smile as I sent a message confirming the pickup. All that was left was to wait for the transaction to process. “I was worried about this last one though… she came right up to me. This. Close.” he said, leaning in till our faces almost touched.
I struggled to keep my composure, and managed to keep from jumping or pushing him away. “So what did you do?” I asked as he leaned back, my suspicions about these kidneys being all but confirmed.
“Why, nothing of course…” He said, a slightly bewildered expression on his face. He looked as though I just asked him how to breathe. I glanced down at my phone to see if the transaction had been verified yet and he snapped his fingers like he remembered something. “Oh I must apologize!” he said, making me look up, “I forgot that you don’t play much… I simply held my breath, closed my eyes, and wished that she would just… go away.”
“You’re right… You are good at hide and seek...” I said, wishing to myself that he would just go away and hearing the familiar ding of a successful transaction sound on both of our phones as if to answer my prayers. I reached out my hand as a formality and he grabbed it and shook it vigorously. I forced a smile and stood, although what he said next made my blood nearly freeze.
“You’re the first person to find me in oh so long…” He trailed off as he said it, his voice slowly shifting from that of an exited child to the cold blooded maniac that he was. “Maybe my games won’t be so one sided from now on,” He said, his voice disturbingly normal. Although, even without looking back I could tell that the same sickeningly sweet smile was glued to his face. I kept walking but waved my arm as though saying goodbye.
The worst part was that I could feel him watching me as I walked back to my car… Not just at first, like if he was watching me leave, but the entire way back, and even as I got in my car. I took a moment to look around and sighed as I saw nothing. It might not sound like much to you. I don’t know, I can still hardly describe it myself, but he had this… creepy way of getting under your skin just by talking to you.
I wrote it off as me just being paranoid, the guy harvests organs from people for a living so of course everything he says is creepy. I groaned and started my car, but it wasn’t until I hit the freeway that I was finally able to shake the feeling of his gaze. It’s not like he could’ve been following me, by then I was already paranoid enough to be checking for that, making a few detours just to be sure of it.
And because of my detours, I ended up being about an hour past the scheduled drop off with the buyer… Lost my chance at a tip for sure, guy was furious and there was nothing I could tell him to calm him down. I’m pretty sure, ‘sorry I’m late, but the seller was a total psycho and I wanted to make sure he wasn’t following me,’ wouldn’t have been a very good excuse.
Whatever, I had my money and the buyer had his organs and plenty of time for whatever operation that used them. Not much to complain about on either side, well except for the fact that I already knew I wouldn’t be sleeping that night. Especially because the feeling of being watched had returned as soon as I set foot out of my car which was, again, impossible. The site never tells the sellers anything about the buyers or transporters, so there’s no way he could have known where I was headed to and no way that he could have followed me.
I hopped back in my car and started to head for home, hoping that a few tabs of melatonin would be enough for at least a few hours of sleep. And again, I could feel eyes on me as I drove and I saw his eerie smile everywhere until I hit the highway. I felt a weight lift off of my shoulders then, although I made sure to take the most winding path home that I could afford gas for (which was quite a bit after a job like that). By the time I did get home it was starting to get dark, and I had made a few loops around my apartment just to be sure I didn’t still feel his eyes on me.
Luckily, my apartment building has a public parking garage attached to it so even if I was being followed I felt safe enough that nobody would be able to find my room. But Just to be sure, I took the stairs for the first time in months.
Have any of you ever climbed seven flights of stairs out of paranoia before Rijento? Well in case you haven’t let me tell you what it’s like. Do you remember running up the stairs from the basement after turning off the lights as a kid? That feeling of unease and terror? Well it’s like that, but you aren’t a kid anymore. It’s not the dark or what imaginary monsters could be lurking in it that frightens you anymore. Instead, you’re worried about who could be hiding in the darkness, what real monster could be following you up those stairs… I’m no slouch when it comes to exercise but it still drained everything out of me hauling my body up those stairs on my hands and feet like an animal as fast as I could.
I got inside and locked the door securely behind me, panting, covered in sweat, but I sighed in relief with the fact that I hadn’t felt anyone watching me at all during my climb. I took a moment to catch my breath, slumping down by the door and chuckling to myself while shaking my head. I couldn’t believe that I’d let that freak get so deep under my skin.
Once I had caught my breath, I stood up and made my way to my couch before flopping onto it. I wanted nothing more than to go to sleep then and there, but I had to be smart with my money this time. I immediately cashed the Bitcoin out. Better to pay myself out in small increments, but I had bills to pay and I’d already learned my lesson about leaving things in Bitcoin.
Once business was taken care of, I grabbed the remote control and flicked on the TV. The familiar faces of the local news anchors greeted me and I began drifting off to sleep while listening to the happenings of our city.
It was around seven a.m. when I was woken up by the sound of the ‘breaking news’ alert coming on.
“We are just receiving reports of a ghastly murder of one [yeah, I’m not gonna put her name or age here] year old college student living on her own. Police investigators say that several of her organs were found to be missing and that they found evidence of someone living in her home without her knowledge for quite some time before the murder…”
The reporters kept talking about how much of a tragedy the situation was… But I wasn’t listening. How could I listen…
I’ve never been less happy to be right then I was at that moment. I shuddered thinking about it. My thoughts and paranoia regarding the man I’d met the other day bubbling back up to the surface. It was then that the reality of what I’d done hit me like a freight train. By accepting that contract I doomed that girl to die… All because I needed some quick cash.
I stood up and went to the kitchen and opened my liquor cabinet. Without looking, I grabbed a bottle of something with shaking hands and fumbled with the top while trying to keep my mind clear of thoughts. Once I had the cap off I took several deep swigs from the bottle, spilling quite a bit down my chin before I set it down and gasped for air.
The burn of the alcohol in my throat gave me something to focus on while it worked its magic on the rest of my body. As my mind slowly clouded I found my way to a chair and found it easier to think about what happened without panicking.
My first thought was that I needed to do something. I knew the guy’s face, I should go to the cops! It was at this moment that the… Less impulsive side of my brain kicked in. I go to the cops and all I do is give myself a one way ticket to an early grave. My employers don’t take kindly to police interactions.
I slowly resigned myself to the fact that I was going to have to live with the consequences of this job for the rest of my life… I’m a coward, I know.
Anyways, the next few days passed by slowly. I was… Not in a good place mentally and I’m sure you remember how much alcohol my cabinets were stocked with. I blacked out more than once only to wake up gasping for breath from drinking too much. It was honestly a miracle that I didn’t kill myself through alcohol poisoning.
But I… Managed to come to terms with everything. Don’t get me wrong, I still had nightmares where I was the guy hiding in that girls closet… But I wasn’t drinking my problems away anymore, although I think that was more because of the fact that I’d run out of liquor than any meaningful character development.
It was about a week later that I was able to get my first night of actual sleep. I didn’t dream about anything either so that was a plus. I know it probably sounds bad, but I was starting to feel normal again… Like I could maybe find a way to just be myself…
Either way, even after all that I still wanted to keep my job. I just added a new rule: no organs.
From there I fell back into more or less my old routine. I went to eat out almost every day though, I thought any excuse that got me cleaned up and out of my place was worth taking…
And then, I began to feel it again. That skin-crawling sensation of eyes on me from somewhere that I felt the day I met Mr. Hide&Seek. I didn’t think much of it at first, I only felt the eyes when I was surrounded by other people so of course one or two would be looking my way right? I thought I was just guilty and paranoid.
But no matter what I did, I would always feel like I was being watched whenever other people were around. So I started driving more and more and eating out less and less. Not driving anywhere in particular, just driving… I felt safe on the open road, I couldn’t feel any eyes on me… For about a week.
It started small. A shiver down my spine here and there. A sharp sensation that made my eyes snap to one car or another. Then it came more frequently, and I began to get more and more paranoid as the feeling became stronger and stronger.
I started driving less and less, and whenever I did, I kept my eyes on the cars around me. Trying desperately to find where that feeling was coming from. To find who was watching me… Trying to catch a glimpse of his face in a passing car.
I even thought I did see him a few times… Except that was just paranoia… I hope.
Eventually, I stopped driving unless I had to. I shut myself in my apartment, only going out to get groceries and always, always making sure that I didn’t feel anyone watching me before I parked. But that feeling would always find me whenever I went out.
This went on for about a month. I started to drink again, I didn’t go out to eat or drive anymore. I paid someone to deliver my groceries to the garage of my building. All I did was eat, sleep, drink, and watch movies or play games… I’d be living the dream, if I didn’t think a serial killer was stalking me.
Part of me believed that I was just being paranoid and to be honest I desperately wanted to believe that part of me… But not enough to stake my life on it. And after another week of living like a shut-in the feeling of being watched started to re-surface.
Like before it started off small. I felt a ping of eyes on me and from then on I kept the blinds securely closed. Even then, the feeling persisted for days, gradually gathering in strength. So I emptied out all of my closets and cabinets daily… Eventually I just left all of the doors open and everything on the floor so that I could look in to any hiding spot in an instant…
But that feeling still persisted.
I stopped drinking because I was terrified of being attacked. I started sleeping less and less and when I had to sleep, I slept inside of my closet and barred the doors shut from the inside. I ate and drank only when I felt hungry and always with my back to a corner of the room or locked in my closet… But I could still feel eyes on me, feel His eyes on me the same way I had back at the park.
It was about a month later when I finally discovered my haven. The one place left that I didn’t feel watched. The stairwell of my building. I found that whenever I went down and back up the stars to get my groceries – as I’d long since stopped using the elevator – that I would have a brief respite from the feeling of being watched.
I started to spend all of my waking hours there, sat on one of the stairs without a care in the world. I only left them to eat and sleep and whenever I entered the building proper I would feel eyes on me almost immediately. But having those stairs to return to made my life almost bearable. It had been a long time since I had anywhere I felt safe, and like every place before it I kept waiting form the feeling of being watched to follow me into the stairwell…
But it never did.
For another month, I fell into a somewhat bearable rhythm. I’d wake up in my closet feeling watched, I’d eat in the corner of my kitchen feeling watched, and then I’d scurry off to the stairwell where I could blessedly feel alone – Especially near the top floors where the stairs were seldom used.
But all good things must come to an end and all that, and while I never did feel watched in the stairs, I did run out of money. Apartments and cars don’t pay for themselves after all, and while I managed a few months on the blood money from my last job it was finally time to get back to work.
In the months since I last logged on to the site, things had calmed down significantly and there were now plenty of jobs that didn’t break any of my rules… So I decided to go with a route that I’d done before a couple of times. A gun run. The seller always treated me to a drink or two at his bar and was also always well armed so I felt that it would be a nice and easy job that I could feel safe doing.
After confirming the job I closed my laptop, pulled on a fresh set of clothing, and headed out the door. I wanted to get this over and done with, and thankfully the feeling of being watched was rather light that day. I do admit, however, that I lingered in the stairwell for a bit before heading out. I wanted a bit of time alone before being out in the open for the first time in months.
Anyways, I hopped in my car after about thirty minutes of blessed stairwell time and headed to the bar. After about two hours of paranoid and twisting driving I managed to make it just on time and pulled my car into the alleyway behind the bar.
The owner greeted me with a smile as I got out of my car, “T, long time no see!” he said, his smile fading as I walked up and he got a better look at me. “Holy shit man, are you feeling okay?” he asked, genuine worry in the eyes of the large man.
“No… I’m pretty far from okay…” I said with an exhausted sigh. I could still feel the faintest hint of eyes on me even now, though I know that the owner wouldn’t let me be jumped at his bar. “It’s a long story,” I offered, realizing for the first time that it might be nice to actually tell someone what happened.
“Is that so.” he said with a hint of a smile and a shake of his head. “Well, hows about we get you a drink while the boys get ready to load up your car.” He offered in return, making me smile. “There’s always plenty of time for stories at my bar.” He said proudly.
“I’d like that…” I said with another exhausted sigh, managing to keep the smile up as he put an arm around me and lead me in the back door of the bar.
“Oh, by the way, how did you hold up during the bitcoin crash? I heard it hit a couple of transporters pretty hard.” he said, making me chuckle as we made our way through the kitchen.
“Funny you should mention that,” I said, making him raise an eyebrow, “because that’s how my long story star—” I began, only to stop short when I looked at the bar.
HE was siting there, sipping on a beer without a care in the world. He noticed me out of the corner of his eye and that same sickeningly sweet smile crept onto his face as his eyes met mine.
I froze. There was no way that this was a coincidence. There was no way that he just happened to be at this bar at this time.
I was broken from my trance by the bar owner waving his hand in front of my face and saying my name, “Hello? T, you alright?”
I quickly ducked back into the kitchen and started to hyperventilate. How did he know? How could he possibly have known that I would be here? Did he follow me?
“Did who follow you?” The owner’s voice brought me back to reality once again as I realized I’d been thinking out loud. His face was concerned, bordering on scared.
“How long has that guy been at the bar?” I asked, hoping that the owner knew who I was talking about.
“If you mean tall, thin, and creepy then about an hour… What is going on T?” He asked, as I slumped against the wall.
I started crying. I broke down and burst back into the bar only to see that Mr. Hide&Seek he was already gone. “I… I need to go. I need to get home!” I said, pushing past the owner and running to my car. He called after me, trying to get me to stay and explain what the hell was happening but I wasn’t listening. For all I know, Mr. Hide&Seek could be breaking in to my apartment already.
I drove straight home and threw open the door to my apartment. It had still been locked, but I wasn’t taking any chances. I grabbed a knife from the kitchen and checked everywhere. But he wasn’t there.
Then, my phone rang and scared the living hell out of me. I checked the number and gulped when I saw that it was blocked. I considered not answering but in the end I picked up the call.
“H-Hello?” I asked tentatively.
“T… What the hell happened at the bar?” a modulated voice rang through the speaker in my ear, making me wince. It was one of the site admins for sure.
I was silent for a moment before telling the admin everything. I couldn’t see the man, but I could feel a sudden change when I mentioned seeing Mr. Hide&Seek at the bar.
“T,” the admin began, a serious edge to his voice. “I need you to log in to the site… _Now_” he said, and something in me told me to listen. I booted up my laptop and hopped on to the site. As soon as I logged in a dialog appeared that I’d never seen before.
ADMIN would like to take control of this computer. Do you consent to this?’ With two buttons. One for yes. One for no.
I clicked yes and watched as my cursor began to move on it’s own. “Thank you T. This will only take a moment…” the admin said, a practiced calm in his voice as he downloaded several files and began to do… Something on my laptop.
A minute later a dialog box popped up that said, ‘Threat detected!’ and the admin sighed and his voice sharpened as he spoke. “T… You’ve been compromised. You’ve had a nasty piece of spyware installed on your machine, for about a month by the looks of things. It’s been recording your keystrokes and giving someone remote access to your camera…” the admin explained, making me gulp as I realized that all of my information was insecure.
“B-but, there’s no way! I haven’t download anything!” I said, making the admin mutter something as a bout of typing could be heard coming through the phone.
The admin’s voice was cold and calculated when he spoke next. “No… No you didn’t…” he said, making me gulp. “This software was installed via _USB_…” the admin said, making my heart nearly stop.
Hide&Seek had been in my home! He had been here without me noticing and put that program on my laptop. Even after all of my paranoia, he still found his way into my room without me knowing.
“I’m going to delete the program,” the admin said, and a few keystrokes later, “done… What the—”
As the admin deleted the program, thousands of windows began popping up on the screen of my laptop. All of them saying the same thing…
‘olly olly oxen free’
After that, I threw my laptop in the trash and got a new one as well as a new phone, sim card and all. I was taking no chances. I got all new accounts for everything and the admin told me he revoked Mr. Hide&Seek’s membership personally.
But I’m going to disappear all the same, I have a plane ticket to somewhere and my bags are already packed.
Don’t look for me, and if you ever start to feel like you’re being watched… It’s because you are.
submitted by rijento to DrCreepensVault [link] [comments]

Why Ethereum matters, why we should root for Ethereum over almost all competing smart contract platforms

Bitcoin had a fair launch. Anyone who knew about Bitcoin and had access to a PC could mine from day 1. Over time, mining became more difficult but people could easily buy BTC on various exchanges or from other people who had Bitcoin. You didn't have to be a member of a privileged class to get into Bitcoin at the ground floor.
Ethereum had a fair launch. Unlike Bitcoin, the project was far too ambitious for the people who conceived of it to pay for its development out of pocket. So they held an open crowd funding to pay for development. Anyone who heard about Ethereum could participate in the crowdsale, priced at about 30 cents/ETH. After the chain launched, anyone with a modern graphics card could also mine Ether and put some away.
Some founders on the team didn't care for that funding model for Ethereum. They wanted Ethereum to be funded by insiders and VCs and held private for a long time. Some even left the project, or were encouraged to leave, over the difference in vision between an open community non-profit project, and a VC-held and VC-controlled for-profit organization.
And of course both Bitcoin and Ethereum are open-source projects with licenses that encourage the ability to copy, rework, and reuse the project code.
These days there are lots of Ethereum "killers", ETH 2.0 "killers" and ETH competitors launching and planned for launch. For the most part, they do not adhere to the Bitcoin or the Ethereum open participation models. Some are closed-source, copyrighted projects. Almost all were and are funded by VCs and the wealthy via SAFTs, often through secret deals where price and amount of tokens are not disclosed. The public is generally not allowed to participate until the tokens get marked up 5x, 10x or 100x before an exchange listing. So you will end up with the vast majority of tokens owned by a very few, already very wealthy people.
But a radically unjust token distribution isn't all that these new "Ethereum Killers" have. No, they also are, almost to the last, designed around plutocratic governance. That is, if you are one of VCs, the insiders and wealthy allowed to buy in early before the marking up to retail, you will have orders of magnitude more tokens and therefore you will have orders of magnitude more control over future changes to blockchain rules than the hoi polloi. Some even see this kind of governance as a feature and a good thing. I disagree emphatically!
Ethereum was an open, community-supported launch organized by a non-profit entity. It is today an open and community-participatory project. There are no fees to attach your application to Ethereum, other than gas costs. The blockchain is permissionless, no plutocracy can "vote you off the island". Ethereum is not run by rich VCs and "accredited investors" who got in on the ground floor when you couldn't.
I do hope that Ethereum wins out. I think there is an enormous difference between an open community project and almost all of the competitors who launched after. I do not want the future of humanity's financial internet to be based on plutocratic control by the fabulously wealthy. How would that be one bit better than the existing financial system?
If making these observations, if hoping that Ethereum becomes the global financial commons, instead of a pluto-chain taking over, makes me a narrow-minded Ethereum maximalist, so be it.
submitted by huntingisland to ethereum [link] [comments]

05-09 09:24 - 'Look. Crypto currencies are fascist communist reserves where people put their money together and those quickest to grab the lot win the prize.' (self.Bitcoin) by /u/okboyo2 removed from /r/Bitcoin within 922-932min

'''
Here's what the stock market is like in olden day terms. You give money to an entrepreneur and he uses it to make more money and you get a percentage of the profit.
Here's what crypto currencies is like in olden day terms. Everyone in the village puts their gold into a pile. At night some people take all the gold. They encourage the people to put their gold again into the pile. Some people see what's happening and they encourage also. They partake in taking the gold at night also and doing the same thing again, encouraging more to put their gold in the pile. Since a fool is born every minute the thievery will continue until the game is outlawed.
You know it's wrong, even if you can gain from being part of it, you're just stealing someone else's money. Maybe not everyone realizes it's a shell game but you do now, it's simply wrong. Even I have been tempted by the allure of it, we all probably have been, but I'm speaking against it because it's wrong, not because I can't give into it.
If you give into this temptation eventually the guilt will catch up with you at some point, or else you'll just become a hardened, cold, hateful person who nobody likes because you're afraid people will judge you and treat you differently for your ill-gotten gain and try and take from you your precious. Get rich or die trying is a real killer.
Some guy was stealing from people, when he heard a man tell him some great news he immediately did what he said he would do and pay everyone back 4 times as much as he took from them, and give half of everything that he owned unto the poor.
'''
Look. Crypto currencies are fascist communist reserves where people put their money together and those quickest to grab the lot win the prize.
Go1dfish undelete link
unreddit undelete link
Author: okboyo2
submitted by removalbot to removalbot [link] [comments]

Worm but Cricket and Shatterbird Kiss

Worm but Cricket and Shatterbird Kiss
Or: (How I stopped worrying and learned to love Shatterbird.)
A/N: Hello citizens of crackfic central, Bask in the awe that is the next chapter in the of the CricketBird saga™ (All rights are owned by Cricketbird international, we will sue. Like We’re horrendously suing happy, we make Nintendo and its takedown of fanmade games look pedestrian in comparison...the thing is we can’t afford lawyers so like...feel free to steal since you won’t be able to face consequences but like...what was the point of this again?)
Thanks to my Co-Author u/-Samwich- for dealing with my lazy ass and writing alongside me, as well as for joining me on this quest of crackshipping. I only ask that you don’t waterboard me, pay them vast sums of bitcoin via Venmo and enjoy friends.(Don't me someone isn't working on something similar already, I won't believe it. )
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Cricket stared at the doors to the kitchen, idly poking at what was left of her steak in dread.
Layla had been in the kitchen for a long time, Cricket was beginning to worry.
Why though? I should be more worried for the people in the kitchen more than anything!
Was Layla chewing them out, butchering them all for a slight mistake in the order that Melody had failed to detect?
Finally, Layla exited the kitchen and quickly walked over to Melody. “We should leave.”
For a moment Cricket felt extreme panic, had she messed something up? Said the wrong thing? She was glad her robotic voice had no inflection as she asked, “We need to leave right now?”
“Yes, now. Just trust me.” Layla smiled at her, it seemed like a forced smile.
Melody did trust her, though she knew she shouldn’t. Shatterbird took her hand to get her out of her seat and Melody felt her heart beating faster than it ever had before.
She started following Shatterbird out when she heard a loud voice blare out from behind her, “This steak is overcooked! I wanted it rare!”
She started to turn towards the source, an angry-looking man with a plate of steak in his hands, fuming and indignant, never mind he was enjoying fine dining in a city that had been absolutely devastated by one of the most dangerous forces of nature on the planet.
Suddenly the doors to the kitchen slammed open and people started screaming when they saw a large creature shove itself through the spindly hole the double doorways provided. The man who had complained stood still, paralyzed with fear as the creature approached him. It stared him down as it used one of its large appendages to rip a handful of flesh off its side, dropping it onto the man’s plate with a plomp that splattered his clothes with blood from the newly carved piece of flesh. The porcelain dish fell from his hands and shattered.
In a low growl, Crawler spoke, “That rare enough for you?”
The man stared at Crawler and wet himself, just as Jack Slash emerged from the kitchen as well, chuckling as he lampooned, “Looks like he’s raring to go.”
The crowd was too busy fleeing to chuckle or groan at the pun as Crawler trudged back to the kitchen in a huff, mumbling something incomprehensible under his breath.
Layla gave her hand a squeeze to get her attention, “We need to get out of here.” Cricket nodded and followed, “I’ll explain once we’re alone.” Cricket gave Layla’s hand a squeeze in agreement, if she hadn’t been listening at first she was now.
"What's there to explain?" Her voice rang out, clear as a high school intercom and only slightly more understandable by all besides Shatterbi...Layla's ears. Now that she thought of it...she did like calling her Layla more, and with their hands clutched so tight…. Snap out of it! Flee now, think about how warm her hand is later!
Soon enough a multitude of smiling blonde waitresses began corralling the fleeing crowd, the waitresses opened down the middle revealing thousands of reaching thorny tendrils, the lovebirds barely managing to avoid whatever horrific fate awaited the hapless rich folk that indulged themselves in luxuries few in town could even dream of possessing...you know what...Cricket didn't mind them getting Slaughterhoused.
Melody was guided through the battered streets, past scum that eyed the pair as easy marks to mug and through flooded alleyways. They never let go of each other, not for a second, frankly, Cricket felt like a teenager again, but she couldn’t drop her guard...as much as she wanted to. Shatterbird was a killer, despite all this impromptu kindness only a fool world turn their back on the slaughterhouse.
“There…” Layla said with a tired huff, before continuing. “I figured they’d lose interest and look for something else to keep them entertained. I swear, one second Jack’s Descarte, the next a toddler slamming his toys together, chasing whatever bizarre whim comes over him.”
The two of them paused for a moment, just standing there. Melody didn’t need the rest, but she said nothing, allowing her companion to continue taking the lead. Layla glanced around several times to get her bearings before saying, “This way.” Melody gasped for a second at another gentle embrace between their digits. Layla had grabbed Melody’s hand again to guide her without realizing it.
Melody stared at their joined hands with a small grin and followed. Layla took a circuitous route, and several times she’d stopped with a dour look upon realizing they’d doubled back to where they started.
This is getting us nowhere…but, I could spend forever letting her do this. No, getting out of public view is the priority now.
“I’ll lead the way, I’ve lived here most of my life.” Melody took two steps forward and started leading Layla to the nearest Empire 88 safehouse.
“I.. I suppose,” Layla responded. She let go of Melody’s hand and Cricket had to stop herself from whining at the loss of contact, but then Layla stepped even closer and wrapped both her arms around Melody’s right, pulling herself abreast the gladiator. “Where are we heading?”
Melody didn’t process the words at first, her mind was a storm of warm feelings, but after a few seconds of silence the words clicked and she said, “A safe house.” It will just be the two of us… Alone...do we still have some of that wine from the...Snap out of it, Melody!
When they reached the safehouse Melody instantly realized something was off. The old machine shop turned hideaway had been ransacked, windows broken, and the door spread wide open with two almost intimidating-looking men outside, one with a machete and the other leaning back, with a bulge in his coat pocket It didn’t take a stretch of the imagination to know it was a gun.
The chosen didn’t operate like that, guards out in the open and looking to intimidate, it only invited the police and by extension the protectorate. Really though, the biggest indication that something was amiss was the hand-painted banner made from white bedsheets and grey paint. ‘Community movie night’. Also, one of them was black...not exactly par for the course.
The two women entered with caution, the men merely giving them a nod as they shuffled into the front office which bore a simple cardboard arrow pointing to the shop itself. The door wide open and to their surprise inside there were just people, street urchins from the look of them, nothing but rows of salvaged sofas and chairs providing comfort to their occupants. A tiny projector had been rigged to a phone in the back and was projecting something out of view.
Melody counted about ten already from the door, two families and their children huddled together after what was no doubt a long day of scavenging. The sound of idle movement indicated more people sat within. The shop could hold them, it was mostly empty space and a few machines to look legit for the feds.
The only other occupant she could see was by the projector, who looked their way and quietly trudged towards them. He looked tired and his clothes matched.
“Hey, thank you for coming in.”
“What exactly is this?” Melody asked, her surprise directed more at the impromptu theatre than the fact the building was unoccupied.
As he drew closer Melody’s grip tightened into a fist, only for him to try and calm her down with a raised hand, “Don’t worry, no one is here to harm you. We found this place, same as you did. You can stay if there’s danger out there. Don’t worry, we’re not Nazis.”
“What makes you think I’m a Nazi? I mean… what about Nazis?” Melody hated herself sometimes.
The man gave her a quizzical look, but then responded, “After Leviathan’s attack our homes were wrecked but we came across this place. It’s pretty obviously involved with Empire 88. The carpet is red and has embroidered Swastikas, same as the curtains. Whoever lived here gave up on it and split.”
What idiot decorated this place?!
Melody took a deep breath, “Well, we wouldn’t want to inconv-”
Layla cut her off, “Could we stay for a short time? The Slaughterhouse Nine might be out there.”
Melody eyed Layla for a moment but said nothing. Her companion merely bit her lip, casting a sad glance Melody’s way. Oh goddamnit, whether she knew it or not Layla was making the exact move she needed to. Almost like some sorta...path she could follow, right to victory.
The man’s eyes went wide…
“The...the Nine? I don’t know what good we could do but...I’m not gonna leave two women out in the cold with Jack Slash looking for blood.”
How chivalrous of you, just know where to keep your eyes pointed. Melody snapped back in her head. Taking her place as the true knight of the evening. Unknowingly inching closer to Layla, who responded in kind by resting a hand on the Gladiator’s shoulder and sending a warm, pleasant tingling along Melody’s skin where the woman’s finger’s lingered. There was more to it. There had to be.
“Excuse me,” the man said, walking towards the door that led outside,” I need to get the guards inside, and that banner down...if the Nine are about why look like a juicy target? Enjoy the film, We’re playing all night, this building was one of the few that didn’t lose power.” with that he left, saying something or other to the guards. Layla took hold of Melody’s arm, tugging it gently and urging her into the impromptu theatre.
They quietly walked between the makeshift rows which had been crammed together like sardines in a can and found a loveseat in the back by a corner. Melody looked across the room, her initial estimate had been too small, at least twenty-five people in total crowded the room, watching a man onscreen make a buffoon of himself in a restaurant. How appropriate.
Cricket could barely hear anything from the two tinny speakers set up by the projector. Good for laying low, but she doubted that was the real reason they weren’t projecting at full volume, they were probably just crappy speakers.
Layla got comfortable, leaning against Melody’s shoulder, her weight pleasantly pressed against her body as they relaxed in front of the wall the squatters had painted white to serve as a screen. The film unfolded, A romantic comedy it seemed, some Cape was trying to seduce a woman that had a cape prejudice, with mixed results. Nothing too cerebral in these troubled times, it only made sense that people would prefer to get their minds off the horrors of the last few months, and...Layla’s friends turning the city into their own personal murder canvas.
Melody couldn’t help but take the lead from the woman clinging to her shoulder, nervously pressing their hands together with a gentle grip. Could she be sure this wasn’t a test? That the second she actually embraced the butterflies in her stomach she wouldn’t find a knife in it? At first, the woman was hesitant, her hand flinching and going stiff, only to slowly wrap around Melody’s...It frankly only made things more confusing for Melody. Was she merely mistaking the murderer’s sense of entitlement for genuine affection?
The Romcom ended and another movie was fired to life, this one more serious. The tale of a PRT trooper stationed in one of the many quarantines set up to keep disasters from spreading and ravaging the world, focusing mainly on the growing strain she was experiencing with her husband several states away.
Melody felt her heart pounding in her chest, only for the tension to wrench up as Layla raised her head and looked at Cricket with half-closed eyes.
“Would it be alright...if I rested my head on your lap? If I fall asleep sitting up I tend to get a stiff neck.”
Melody almost had a stroke, her grip tightening on her companion’s hand, grateful that the lights were dimmed and Layla couldn’t spot the sheer embarrassment slathered across her face.
I want nothing more than that. “Sure, if keeping you comfortable stops a bloodbath,” Melody said, trying and failing to sound disinterested.
“I wouldn’t think you’d care about the rabble in your territory, but it seems you’re very sweet when you want to be,” Layla whispered as she laid her head onto Melody’s lap, turning over and dangling her legs over the arm of the chair.
Cricket had been well rewarded.
Several life-threatening circumstances later the protagonist managed to transfer back to her home state for a heartwarming reunion. Her and her husband finally going on a date for the first time in months, holding hands...Melody fantasized her and Layla in the same position, Nazis be damned, it was just a paycheck to her anyways.
She watched as romantic music played, the camera closing in on the couple on screen as they watched the sunset from a hill in some park. The protagonist and her husband’s faces got closer and closer. Melody felt the grip on her hand tighten. The Gladiator responded in turn as Layla scootched up to see the screen, Layla was now practically sitting on her lap, blocking her view of the movie. Melody could smell her hair, lilac, and jasmine.
Tighter, their fingers interlocked. with a metallic crispness, Cricket whispered into Layla’s ear, “Beautiful.” Layla turned to her, maybe she was going to speak, maybe not. Either way, their lips met, and a warm light shined on them for the scant five seconds the kiss lasted. Her lips were soft, her breath tasted fresh. Melody could only imagine how fast she was going to die, but at least she would die in heaven. Layla’s wrapped her arms around Melody, as she had in their first encounter.
An eternity later Melody felt her lips fall away from their enlightening embrace. Layla's cheek soon met hers as she whispered sweetly into Melody's ear. "Glad you finally got the message."
Melody reached for her larynx, only for a gentle hand to push it back down. Layla murmured to the Gladiator. "It's a bit loud, no need to disturb the audience, don't worry, my ears are sensitive, and very much willing to labour unceasingly to hear you."
"I couldn't be sure that it was real. I was scared that...it was a test...if I fell for you, if I tried anything...you'd kill me." Melody's voice cracked weakly, sounding like a dying animal swaddled in a blanket, given comfort in its final moments.
"Not you, Melody. Never you."
"That's not what you would've said when we first met."
"That was a week ago. Now, are you going to kiss me again or leave me to languish in this theatre without a hint of affection."
The answer was obvious.
submitted by NeuroticPeriodal to WormCrackFic [link] [comments]

Suggestion to end the nightmare that is The Punisher Shoreline Quests: Offical Shoreline Fight Club

Hello Escapers
I imagine I'm not the only one who hates shoreline. There are either 2 scenarios on that map, you either see no one while walking around for 40 minutes and then die of dehydration or you find the largest squad of big ol motherfuckers who are on their 19th resort run of the day and put you down so fast that green lazers give you PTSD in real life
Suffice it to say, I would never go to shoreline by choice, but ol pappa prapor just loves the place, and makes you venture to that endless hellscape all the time. Kill scavs? Sure. Whatever. Ill have a nice tour of this place for a hour or two. But then...punisher
Listen i dont want to go to shoreline at all, not to mention kill 60 other poor motherfuckers who are only playing shoreline to do those stupid quests as well or go join the haunted indian burial ground that is the resort.
So, an idea. What if we created a fight club. A club for us to all go in shoreline when we have our dumbass punisher quest and meet on a certain spot, and knife fight to the death? Everyone wins. You have a fair shake at gettin a pmc kill and the better you fight, the more you take.
Here are the proposed rules.
  1. We dont tell anyone about knife club. Too many fools know the location and purpose and you got the 19 bitcoin an hour super squad knocking down the door for dogtag money so they can buy more t h i c c cases to show to their parents
  2. Upon approaching the knife club, spam a voice line of choice. If you are the first there, continue to spam until another combatant arrives
  3. All combatants must bring a prize in their pocket. The killer will recieve the prize. Blood as not the only payment here. Bring what best suits you. Are you a greedy poor asshole? Matchsticks. Rich philanthropist? Bitcoin. Mememing weirdo? 120 shotgun shells. You do you.
  4. Both combatants must THUMBS UP emote. Once done, the battle begins.
  5. If there are mutliple hatchings, they must wait, crowd around the combatants, and spam the voice lines. After one is dead, the winner continues untill death or no more combatants remain.
  6. WEAPONS ARE STRICTLY FORBIDDEN except KNIVES AND HATCHETS. Those that sully the battle with a pistol or some other trickery (flash bangs) are excomminicado, and all attendees are permitted to engage
  7. Heals are permitted. Aim for the 1 hit kill. If you dont, it is your punishment.
  8. Helmets are NOT permitted. Some may come with backpacks or rigs for their prizes, expecting to win it all (and these backpacks will be passed along the ladder to each victor) but NO HELMETS are the only way for quick identification of who is a threat or a club member. All helmet wearing visitors are to be killed on site
  9. Stash a nade. The time will come when a group of gun wielding fools will come knocking to ruin our preicous club. All atendees are asked to bring a nade of your choice and to volley them at the attackers. Many of us will die, but hopefully one of the 15 nades attendees throw will end the threat and continue the battle. DONT TAKE THEIR HELMETS!
And that's it. The rules of KNIFE CLUB are simple. Keep what you kill. Bring a sacrifice in your pocket. Go for as long as you can. Cheer the other warriors on. Get the fuck out of shoreline.
And now, the final and most important question. Where will our knife club take place? WE ONLY GET ONE SHOT AT THIS, so we must choose wisely. There are many options.
  1. The island. Lots of cover for hatchlings to make it, an easily identifiable location, only 1 way in and a house to prevent snipers from interupting fights. The island could provide a fine enviorment for knife club, but is a little popular and could cause issues with people playing normaly.
  2. The lighthouse. Nestled deep off the coast in a secure location, the lighthouse has nothing in it, meaning no ine would ever go there except for the knife club. However, the zone leading up to the house is scav heavy. Our attendees may have trouble participating.
  3. The church. The swamp town is a gigantic peice of shit that no one wants to go too, and there is literally nothing of interest in the church. Would give a nice cult vibe to the club as well.
Those are my pics, but hope you guys have some suggestions for locations and tenants of the knife club. What are your thoughts?
Together we can work together to get the hell out of shoreline as fast and as fun as possible.
Thank you.
submitted by SirActionSlacks- to EscapefromTarkov [link] [comments]

I am a comedian who does a MLM scam thing as part of his act. I have been to a lot of seminars as part of research for my act. Here are some of the things I have witnessed.

Hello there. I am a comedian. My act entails me to pretend to be a self-proclaimed financial expert who can lead you to riches via by paying for his seminajoining my nutritional supplement sales force/learning my bitcoin investing techniques. I won't say my name or link to my act out of respect for the rules. I just discovered this forum. I have no idea how I haven't visited yet.
I've been a hobbyist in comedy for over a decade. I also professionally used to write about finance and econ and etc. I've long been interested in con men and scams and the like. About four years ago, I conceived of this new act and decided to run with it. This was largely done after rereading "Rich Dad Poor Dad" for the first time in a few years and really being grossed out by what I read. And, wouldn't you know it, a little bit after that a Rich Dad Seminar was coming to a crappy chain hotel ballroom the next week just a few minutes from my house. This as the first of many of these types of seminars that I went to as sort of a weird method acting thing to study how the seminars operated and the types of people who lead them.
The most MLM one I went to was this really weird bitcoin thing. It was held at a Bonefish Grille near where I live. There was the promise of a free appetizer (Bang Bang Shrimp, specifically). I went and sat down with this middle aged white guy. We started talking. He asked me if I was interested in investing in bitcoin. I told him "no." I didn't tell him why I was there, but said I was curious about learning about any investment opportunity. This guy was an insurance broker with a college degree. He said he was always looking for some more opportunities and had done some "direct sales" things like some sort of vacation club on the side. He was really afraid missing out on bitcoin. I asked him why he hadn't just bought bitcoin and instead was at this event. He did not really have an answer. He then told me after to give him my thoughts whether or not I thought the thing was a scam.
The two people leading the event were a husband and wife. The husband claimed his face was used when he was a baby on a can of Gerber's baby food. He also said he worked for the local radio news station doing traffic updates for years. However, he got really sick after he contracted lyme disease after walking his dog in the woods. This drained the savings of he and his wife (who said she was a teacher at a local school). All of this was just sort of dubious to start with. There's no way to prove you were a baby model. I have no recollection of this man doing traffic updates on this station (which I listen to frequently). Why didn't he have health insurance through his job? Or what about through his wife since public school teachers have pretty good insurance a lot of times?
But that was their whole "rags-to-riches" angle. EVERY single one of these seminars is led by a spokesperson overcoming some type of odds. They then said they knew they needed to take the bull by the horns to get a hold of their financial independence and wanted their friends ("both old and new!") to learn those techniques, too. And this came via a unique bitcoin investment scheme.
It worked like this. For 50 euros (yes, euros, not US$) you would buy into a "virtual box." This virtual box would accrue interest somehow. And after a certain amount of time (I can't remember what, something like 90 days) then this "virtual box" would then allow you to buy bitcoin. OR it could roll over and your box could expand and allow you to get even more bitcoin down the line. The company was also registered in Dubai. There could not possibly be more red flags.
And then came the best part. The couple said your box would "automatically grow" if you could recruit your friends and families to also invest, and you could get your box to grow further if they could get others to join. I am not even kidding when I state that as part of the power point presentation they essentially drew a pyramid to show how it worked.
The guy I was with asked me what I think. I pointed out that they literally drew a pyramid as part of the business plan. And that you had to for some reason use euros to hand over to a company registered in Dubai. And, also, why not just buy bitcoin? He said he thought of all of that too but thought it sounded like a good opportunity. He gave me his card and I e-mailed him a week later. He ended up actually buying into this thing.
I also sneaked into an Herbalife event. I was actually at a different seminar at the same hotel and heard all of this crazy noise in a nearby room. I went to go see what it was and it was some sort of celebration for top selling Herbalife people in my state. I walked in casually as a wedding band was playing a Killers song and just tried to blend in. But some goony security type guard blocked my path and asked me who I was. (Everyone else was wearing nametags.) I said I was at a different event at the hotel but saw this and it looked like fun and wanted to know what it was about. Someone else then explained it was for Herbalife and I pretended I didn't know what that was. (I watched the documentary on it the week before and had known about it before that already.) The person speaking to me gave me the basics and his card and wanted me to join his "exercise squad" the next weekend.
I have been to two Rich Dad seminars and two Than Merril "Flip This House" seminars. They're all the same thing. The hosts wear a wireless headset microphone. They have some sob story. They were all before the election claiming they were close friends with Donald Trump. (That got toned down after his candidacy heated up and he became controversial. My area also is heavily Democrat, so not a good bragging point.) The audience members were filled with a lot of recent immigrants (Eastern Europeans) or people who, after speaking with them for a few, were struggling to make ends meet and wanted to do better financially and probably read Rich Dad but didn't know the basics of how to save.
The first Rich Dad seminar was hosted by this guy from Oklahoma who was about 60. He claimed to have been some hotshot real estate investor. And he namedropped some celebrities he claimed to have mentored over the years. One was former NBA player Antoine Walker, who literally was the person the 30 for 30 "Broke" was inspired by due to his financial mismanagement. This guy claimed he was able to write off taxes for a recent trip he took to Spain (since he was looking at investment properties) and etc. He also pointed to a woman in the crowd at one point and asked what her credit score was. Before she could answer, he responded by saying "I know your credit score is bad just by looking at you. It's so bad, in fact, that I bet it's coming alive and it's waiting next to that guy's piece of shit car and it's going to kill you."
Also at this event was a second speaker who was hawking some sort of stock picking software. He was Canadian. In his sob story, he mentioned how he had lost his job and "at one point, I literally looked my son in the eye and told him I could no longer provide for him and I was a failure of a father." He said this with tears in his eyes and I am almost completely certain that this was, in fact, an honest statement. He also ranted about mutual funds and their "hidden fees" and said this software would help you pick what stocks to buy by giving you information about different categories (I'm guessing stuff like P/E ratio) and if enough were "green lights" then it was a good buy. Just a truly gross thing to hawk to people new to investing.
I was also kicked out of one event. This was for some sort of direct marketing e-mail thing that made zero sense whatsoever. I went with a friend of mine. About 30 minutes or so into the speech, the host said "if you're interested, just head to the back of the room to my colleague and sign up and we'll get you started." After a few seconds, this woman sitting in the front row meekly got up, looked around, and headed back. This opened up the floodgates. Almost everyone in the room followed her soon after. It was pretty clear to me that she was a plant -- sitting in the front row let everyone see her move forward and put on the pressure. My friend and I eventually went back. The "contract" to sign was some mimeographed piece of paper that would charge you $400 to go to the next level of seminars. The company was based in Malaysia. I had a notepad with me to take notes and I tried to keep the mimeograph hidden as you weren't allowed to take it out of the room. (They claim at all of these that any information is protected under copyright law so you can't record it or bring anything home, which is not how copyright law works.) The guy leading the seminar saw that I had the mimeograph and demanded that I return it to the dude in the back. I said I would but instead turned to the door. A different guy blocked the door and ordered me to hand over the mimeograph. I for some reason did and then the host said "I hate it when people try to act slick" before he told me to leave.
These events are a really insane subculture. I love going to them in terms of the bizarre world of the seminar professional. I feel really bad for the people who actually do go and end up handing over money. I sometimes afterwards will hang out and see people in the parking lot and tell them it's a scam and explain why. I hope they believe me. I wish I could tell everyone. But just doing a parody act of all of these things I hope can help put a light on the horrors of the MLM world to some degree.
submitted by FinancialGuru_Geth to antiMLM [link] [comments]

Reading This Make Me Cry, I Knew Bitcoin In 2009 But Didn't Buy It, And This Boy Bought Some Bitcoin And Now Has $4.5mil

Reading This Make Me Cry, I Knew Bitcoin In 2009 But Didn't Buy It, And This Boy Bought Some Bitcoin And Now Has $4.5mil
I was a university student at that time, I was trying to mine some Bitcoin but it was very complicated at that time, and I was not very good in Eng at that age so I didn't make it, but this boy not. I gotta say I'm kind of jealous of him, but he actually put a lot of work so he deserves it.
"While fleeing from the police, Finman saw a man in a shirt with a Bitcoin logo and he asked him What is Bitcoin. That prompted Finman to do his own research on cryptocurrencies and bought 100 BTC" => Teenager,s be curious and you can be rich as this kid!
Buying $ 1,000 Bitcoin at age 12, now the 20-year-old has a net worth of $ 4.5 million
https://preview.redd.it/tu5h6fr6b7j31.jpg?width=600&format=pjpg&auto=webp&s=20200cc670edb899c68dd6c51430c7377046e3ef
Finman grew up in Post Falls, a small town outside Coeur Keyboardlene, Idaho, USA. His parents met when he was a PhD student at Stanford University and Erik was the youngest of their three sons.
Finman first learned about Bitcoin from a "hippie" (a term used to refer to the eccentric young people against the conventions of society) in a demonstration and he thought it sounded promising.
In an interview with Cheddar, Finman shared the original story of how he discovered Bitcoin. Specifically, Finman's brother took him to a demonstration after the 2008 financial crisis. While fleeing from the police, Finman saw a man in a shirt with a Bitcoin logo and he asked him What is Bitcoin.
"I thought it would end Wall Street, all corruption and bad things," Finman recalls the sentence of the stranger.

https://preview.redd.it/iqucg8i7b7j31.jpg?width=640&format=pjpg&auto=webp&s=45956b1ae2e74d66cd9a49258cfde76f0164ec8f
That prompted Finman to do his own research on cryptocurrencies, and he decided, along with his brother, to do something important. Finman used $ 1,000, the money his grandmother intended to save for later studies, to buy about 100 Bitcoin. At that time, each of these cryptocurrencies was worth only about 10 to 12 USD.
"Every day after that, I spend time trading to earn more," Finman said. "For three years, I simply made Bitcoin transactions and went to school."

https://preview.redd.it/4twndla8b7j31.jpg?width=640&format=pjpg&auto=webp&s=b484d6335f20e0f8e04ed1b88e7daa3bf4d3a5fa
At the age of 15, Finman sold Bitcoin worth more than $ 100,000 to raise money to start an education startup and drop out of high school.
Part of the reason Finman sold Bitcoin was to participate in a $ 8,500 lottery to meet his idol, Reddit co-founder Alexis Ohanian. As a result, Finman won and met Ohanian.

https://preview.redd.it/vtlvs2z8b7j31.jpg?width=640&format=pjpg&auto=webp&s=5e8a14b2c89e1b314a9a6772d5ebfb5aacd48259
Alexis Ohanian, co-founder of Reddit, who inspired Finman.
Finman was inspired by his own negative experiences with the school to create his educational startup, called Botangle. Sharing this, Finman said he hates school. He said a teacher told him to quit school and get a job at McDonald's.

https://preview.redd.it/jqflxjm9b7j31.jpg?width=630&format=pjpg&auto=webp&s=64cbca8045fdc21420e3c3752d0e54e0bab5c7b4
In June 2016, Finman posted feedback on Instagram with an email screenshot sent to his former mentor with the subject line "Look at me now!".
The caption of the photo read: "I have to send this email to the high school teacher who told me to drop out and go to work at McDonald's."
And so Finman created Botangle – a company that pairs students with online teachers – and he dropped out to work on it himself.

https://preview.redd.it/odk2hlaab7j31.jpg?width=631&format=pjpg&auto=webp&s=5ae93a70c44bd868dfd8f4e9116bbeae6d3f11e3
And Finman raised the bet in a bet with his parents: If he became a millionaire at the age of 18, he wouldn't have to go to college.

https://preview.redd.it/gq0d4t0bb7j31.jpg?width=628&format=pjpg&auto=webp&s=9dd5d898e88dc057c1fdaa2b63a9e3f33fec81c8
After applying for an internship at a startup selling Sprayable Energy, Finman moved to Silicon Valley. Sprayable Energy is a product, described by him as "Red Bull to your skin". It's like a "topical caffeine spray," and the manufacturer recommends that users spray it on their necks to boost their energy slowly.

https://preview.redd.it/j4owd8lbb7j31.jpg?width=627&format=pjpg&auto=webp&s=d2c667da737000ff9763ebe18d3c7b71d344d0ae
About two years after starting Botangle, Finman sold his company for 300 Bitcoin at age 17. However, in a recent share, the young man said he bought the brand because "liked the name so much".

https://preview.redd.it/0jwpag8cb7j31.jpg?width=629&format=pjpg&auto=webp&s=c58a60e00fb64a132743191edd1c76805d489649
In June 2017, at the age of 18, Finman became a millionaire when the value of Bitcoin surpassed $ 2,700. It means he won the bet with his parents.
Finman's first car was an Audi R8, now he keeps it in a garage in Los Angeles. This 2020 R8 Coupe costs $ 170,000.

https://preview.redd.it/mal83stcb7j31.jpg?width=630&format=pjpg&auto=webp&s=29a208c6b0360d5bfee8c9c5244dc81bee76dbf5
However, the young man also began to cultivate what he called a quirky personality on social networking Instagram – "half … my own satire" – to draw attention to upcoming projects. mine.
And his Twitter profile is "The appeal of new money".

https://preview.redd.it/dego6gndb7j31.jpg?width=632&format=pjpg&auto=webp&s=279b601ff10fd7a9a77aac02d536491fe3d0296f
"I turned Instagram into a crazy tool, to look like an eccentric young Bitcoin millionaire. You know, kind of a pattern fit," Finman said.
In an interview titled "Bitcoin Millionaires Are Preparing to Go," Finman said: "I woke up from a blanket made of hundreds of dollars. I stood up, they fell off my face and then I put on my Yeezys shoes as soon as I got out of bed, then brushed my teeth with a high-class brush. It was just a normal day in life.

https://preview.redd.it/77jynxveb7j31.jpg?width=627&format=pjpg&auto=webp&s=cb31e00b5ed7252661b6ba2097db2a4b81d12691
In May 2018, Finman led a team of engineers to create an Octopus Octopus Dr. suit in real life.
In December 2018, Finman led Project da Vinci, in which a group of teenagers will launch satellites into space.

https://preview.redd.it/q4y7oyhfb7j31.jpg?width=630&format=pjpg&auto=webp&s=9e70f1f5852a40e1b0c38404c8844e632b65ddcf
In May 2019 Finman launched CoinBits, a Bitcoin investment tool.
In August 2019, the Metal Pay project launched with Finman as an investor and he called it "Facebook's Libra killer." Yahoo Finance called Metal Pay a "peer-to-peer payment startup".
"If necessary, I am ready to put all of my bitcoins here," Finman said in his project announcement video. "I am willing to bet everything".
"I don't usually look like an investor guy, but I just want to be part of the team and then just do something together, push it forward," Finman said.

https://preview.redd.it/z78avdagb7j31.jpg?width=629&format=pjpg&auto=webp&s=6c35d2f88bdda45ed525b400158c0edcfbe81fe7
Finman currently holds 446 Bitcoin, about $ 4.5 million, at the current exchange rate of over $ 10,000.
This guy also has an apartment in San Francisco and New York City, and he also spends considerable time in Los Angeles. Finman will turn 21 in October.

https://preview.redd.it/pfi8tywgb7j31.jpg?width=626&format=pjpg&auto=webp&s=c5235e054bc15f5bbc462500b2eab42e105d394b
Share on his next project, Finman said that he is preparing to do something in the field of education and will publish it soon to everyone."
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An extensive guide for cashing out bitcoin and cryptocurrencies into private banks

Hey guys.
Merry Xmas !
I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After my original post, I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively.
The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow.
I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started.
There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise.
*The origin of your crypto wealth
*Your background (residence, citizenship and probity)
These two aspects must be documented in-depth.
How to document your crypto wealth. Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit.
1. Context around the original amount/investment Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. However, if you can show me the record of a wire from your bank to Tisbane (Mtgox's parent company) it's a great way to start.
Otherwise, what I am trying to document here is the following: I need context. If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. If you were given bitcoin against a service you charged, show me an invoice.
2. Tracking your wealth until today and making sense of it. What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand.
Let’s have a look at a few examples and how to document the few profiles I mentioned earlier.
The trader. I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous.
The early adopter. Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. I mainly focus on three things here:
*proof of early adoption I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early.
*story telling Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day.
*micro transaction from an old address you control This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. You can also do a microtransaction to your own wallet, but banks generally prefer transfer to their own wallet. Patience with them please. they are still learning.
*signature message Why do a micro transaction when you can sign a message and avoid potentially tainting your coins ?
*ICO millionaire Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow.
The miner Not so easy to proof the wealth is legit in that case. Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. So my strategy to proof mining activity is as follow:
*Focusing on IT background whenever possible. An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig.
*Showing mining equipment receipts. If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful.
*Wallet.dat files with block mining transactions from 2011 thereafter This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened.
*Poolmining account. Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet.
*Describing your set up and putting it in context In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time.
The corporate entity Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me.
The black market Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative.
The OTC buyer and the libertarian. Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. I will run forensic services like elliptic, chainalysis, or scorechain on an extract of your wallet. If this scan does not raise too many red flags, then maybe we can work together ! If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯_(ツ)_/¯ I am not a magician and don’t get me wrong, I love monero, it’s not the point.
Cashing out ICOs Private companies or foundations who have ran an ICO generally have a very hard time opening a bank account. The few banks that accept such projects would generally look at 4 criteria:
*Seriousness of the project Extensive study of the whitepaper to limit the reputation risk
*AML of the onboarding process ICOs 1.0 have no chance basically if a background check of the investors has not been conducted
*Structure of the moral entity List of signatories, certificate of incumbency, work contract, premises...
*Fiscal conformity Did the company informed the authorities and seek a fiscal ruling.
For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me.
First, stop thinking Switzerland is a “offshore heaven” Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered (>60%). There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. Swiss private banks makes it easy for you to keep a good your relation with your retail bank and continue paying your bills without headaches. They are integrated to SEPA, provide ebanking and credit cards.
For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t.
EU tricks
Swiss lump sum taxation Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible.
Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. The Finma has a very pragmatic approach. They have issued guidance- updated guidelines here. They let the business get organized and operate their analysis on a case per case basis. Only after getting a deep understanding of the market will they issue a global fintech license in 2019. This approach is much more realistic than legislations which try to regulate everything beforehand.
Italy new tax exemption. It’s a brand new fiscal exemption. Go to Aoste, get residency and you could be taxed a 100k/year for 10years. Yes, really.
Portugal What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! Anyway. FYI
Malta Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way.
Monaco Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids?
Dubaï
  1. Set up a company in Dubaï, get your resident card.
  2. Spend one day every 6 month there
  3. ???
  4. Be tax free
US tricks Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen.
The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains).
The case for Porto Rico. Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to pwc From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again.
Trust tricks Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly.
“Anonymous” cash out. Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. FYI, this only works for non-US and large cash out.
The difference between traders an investors. Danmark, Holland and Germany all make a huge difference if you are a passive investor or if you are a trader. ICO is considered investing for instance and is not taxed, while trading might be considered as income and charged aggressively. I would try my best to protect you and put a focus on your investor profile whenever possible, so you don't have to pay 52% tax if you do not have to :D
Full cash out or partial cash out? People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;)
What the Private Banks expect. Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. If you want to cash out, you should sell enough to be comfortable and have some left. Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight.
The cash out logistics. Cashing out 1m USD a day in bitcoin or more is not so hard.
Let me just tell you this: Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, Even if you have a bitfinex account and you are willing to expose your wealth there, Even if you have managed to pass all the crazy due diligence at Bitstamp,
The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny.
Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. It is way better to trade OTC. Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary if we are talking about huge amounts.
Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.
Most well-known OTC desks are Cumberlandmining (ask for Lucas), Genesis (ask for Martin), Bitcoin Suisse AG (ask for Niklas), circletrade, B2C2, or Altcoinomy (ask for Olivier)
Very very large whales can also set up escrow accounts for massive block trades. This world, where blocks over 30k BTC are exchanged between 2 parties would deserve a reddit thread of its own. Crazyness all around.
Your options: DIY or going through a regulated financial intermediary.
Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately.
The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused.
Of course, you also have the option to do it yourself. It is a way more tedious and risky process. Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them!
The paradox of crypto millionaires Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax.
The race to cash out crypto billionaire and the concept of late exiter. The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. Sorry guys but with all the respect I have for wallstreebet, AMD and YOLO stock picking, some discipline is necessary. The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million.
Last remarks. I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction.
Cheers. @swisspb on telegram
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Dr. Julian Hosp - Blockchain, Krypto, Bitcoin - YouTube YouTube The Truth About Forex Trading, Bitcoin Mining, And ... Invest in what Stocks? Killer strategy I Learnt at Rich Dad Seminar penguinz0 - YouTube

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