"When we have a search warrant and we are in front of a house and the door is locked, and you know that the criminal is inside of the house, the population will not accept that you cannot enter."
Well, I think that some other situation should be used to depict this problem. Something like
βWhen we suspect that there might be some criminal activity but we do not know who, where, when and how but we want to search all the houses in the whole world without any search warrant, the population would simply ask us to GFY and they would be rightβ
Isnβt it Europol?
Thatβs my opinion. I am not saying I am source of all the truth. Maybe instead of calling peopleβs names you should start discussion. Whatever I state wrongly might be corrected but I can find my mistakes only when someone point me to them. βDumbβ or similar words do not help.
Anyway, have a good day.
Honestly I donβt understand how this Trumpcoin might help his image. I donβt think the purpose is to earn money for him and his family. Heβs got enough. Or maybe I am wrong and it is never enough? Maybe it is payout for his donors?
I can see reputation risk on the horizon. If it goes as all pumpβnβdump scams then he will be directly blamed for it unless he spends money artificially supporting it assuring it doesnβt blow up before the end of his presidency. After that, who cares.
Stay humble, stack says.
Iβm getting really excited about all the possibilities that Nostr brings. Just wrote a blog post on the topic here:
https://www.awhb.dev/blog/nostr-how-it-could-change-the-world
Great summary.
One thought on a side regarding this introduction βItβs essentially an open-source protocol for creating decentralized social media. The goal is to build a censorship-resistant network, while also enabling private networks β
You can find many similar premises on multiple shitcoins protocols while this one actually works and does not need any fuckinβ native token.
My nostr:nprofile1qqs9df4h2deu3aae83fmet5xmrlm4w5l9gdnsy3q2n7dklem7ezmwfc6c32nl sever is 99% full. I will be swapping ssd for 2TB. Donβt zap me for w while. All services are barely working. Shit, as always I had to wait till the last minute.
FAFO time.
It took some time but everything is back and working fine. The main issue was actually bring back offline channels on CLN while LND had no problem with that. For CLN I had to reconnect the peers.
Now Iβve got 2 nostr:nprofile1qqs9df4h2deu3aae83fmet5xmrlm4w5l9gdnsy3q2n7dklem7ezmwfc6c32nl servers: one for lightning and the other for onchain bitcoin.
But I think I need #3 for other stuff like Vaultwarden, Simplex, Nextcloud.
No dog then.
This shitcoin poses great risk for Trump in my opinion. If it goes as usual and all those pleb believers are just exit liquidity and this shit goes to zero in few months then Trump will be blamed for scamming people out of money. Would he artificially pump this coin for letβs say as long as he is president?
Ok.
So here is the NOSTR version of my Tweet this morning about $TRUMP
So, why did $TRUMP choose to start a shitcoin and why on Solana?
Shall we follow the 'MoNeY' to find out if there are any conflicts of interest and misaligned incentives?
1. Who is David Sacks and why was he chosen to be the CrYptO Czar for Trump's administration?
He is a general partner of Craft Ventures, a venture capital fund he co-founded in late 2017.
Craft ventures focus on 'Leaders in B2B software'.
And also seem to have a keen interest on anything Musk is building.
Including:
Space X
X
XAi (grok)
and even The Boring Company, weird.
Ok, so is there any connection to Musk?
https://craftventures.com/portfolio
2.
Well, yes and more than both being South African-Americans.
Musk and Sacks are connected through Paypal.
Sacks was COO whilst Musk was CEO.
Nicely sitting atop the tree of the Paypal Mafia.
3. But what does this have to do with Solana, the appointment of Crypto Czar or the TRUMP shitcoin?
Well, we now have to assess whether or not there is a conflict of interest, signs of insider trading or nepotism.
So let's dig in.
Sacks also invested, via Craft Ventures into another fund called MultiCoin.
Here is his own article about why:
https://multicoin.capital/2018/03/12/why-we-invested-in-multicoin/
4. Who are Multicoin?
"As a crypto-native fund, we actively engage and participate in the networks we invest in. Moreover, we are intimately familiar with the crypto technology landscape and market structure. We are hands-on investors, and will do everything in our power to maximize the success of our portfolio companies."
https://multicoin.capital/about/
5.
So to recap, Sacks, through Craft Ventures now has a direct interest in the success of any companies that MultiCoin have invested in.
Who, to use their own words from their own website "will do everything in our power to maximize the success of our portfolio companies".
Ok, so who do MultiCoin invest in?
Well, literally 100's of Shitcoin projects, you have to scroll it to believe it.
https://multicoin.capital/portfolio/
6.
So how would Sacks be able to help steer these companies in the right direction and make sure there is enough hype around them to make sure his investments clear any 'lock-up' period so the funds can make an exit and make huge profits?
Well, from Sacks Wiki page:
he is a co-host of the All In podcast, alongside Chamath Palihapitiya, Jason Calacanis and David Friedberg.
Yes, he has a CrYpTo Podcast.
But Suuuuurely he would never brag about investments or exits he has made on that podcast with his other slimeball co-hosts, would he?
@SilvermanJacob
has this clip of them doing exactly that below in 2021:
https://x.com/silvermanjacob/status/1595059806200643589?s=46&t=OhFuTtv-xPcwkmJSTd2Ovg
7.
So, yes, the clip shows them bragging about their Solana 'bags' and how they have pumped and beginning to dump them on retail.
"You better clear that Solana position, what's your lock up, 24 months?"
"Your holding right"
"Ish"
"ish, yeah me too".
Disgusting.
Watch again, then please share and bookmark Jacob's post.
8.
So back to MultiCoin, could they have invested in any 'projects' that were dependant on the Solana BlOcKcHaIn?
Loads:
01
Coral
Fractal
Hubble
Jito
MarginFi
Metaplex
Saber
Sec3
Serum
SOLANA
Solscan
Strata Protocol
Wormhole.
9. Wait, did they invest directly into SOLANA
Yes, yes they did.
"Today Iβm excited to share Multicoinβs investment thesis in Solana, alongside the fact that we led an $20M investment in Solana. Here's Solana's press release."
Here is the press release.
https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/
10.
Wait, wait, wait, wait a minute.
So Sacks is now directly tied to dozens of companies running on the Solana BlOcKcHaIn AND the network itself!?
And is advising the President on CrYptO as his Czar?
This can't get anymore conflicted.
Can it?
11.
We haven't fully considered nepotism yet.
So, Sacks is up to his knees in the Solana network, tokens AND dozens of 'UnIcOrnS' running shitcoin projects on it's BlOckChAin.
What was the weird part about Musk earlier and their connection via PayPal, it seems kind of weird to point that out.
12.
After leaving PayPal both went separate ways to start new ventures, famously Musk founded (joined) Tesla Motors and became (pushed aside existing) CEO.
There have been many ups and downs through the Tesla journey of Musk, but no story is weirder than the one involving the 2.6 BILLION acquisition of Solar City in 2016.
This acquisition left Tesla shareholders enraged as they saw it to be a "Bailout".
"Tesla shareholders alleged the companyβs acquisition of the solar installer amounted to a bailout, pushed through by Musk who sat on both company boards at the time."
13.
So who were Solar City and why would shareholders believe this to be a 'Bailout' rather than a straight forward business acquisition?
Who were the founders and CEO of Solar City?
Lyndon and Peter Rive.
Big whoop, why does that matter?
"Lyndon Robert Rive (born 22 January 1977) is a South African-American businessman known as the co-founder of SolarCity, and its CEO until 2016."
"SolarCity is a provider of photovoltaic systems and related services. Rive co-founded SolarCity with his brother Peter in 2006."
https://en.wikipedia.org/wiki/Lyndon_Rive
14.
Big whoop.
Who cares that two South African-American brothers founded a Solar company that was acquired by Musk?
- For 2.6 Billion dollars.
- Against the wishes of his shareholders.
Well, you see, Lyndon and Peter are Elon's cousins, sons of his mother's twin sister.
So, yes, maybe the shareholders were onto something when they alleged that it could be a bailout rather than a prudent business acquisition.
https://ghanafuo.com/elon-musk-cousins/
15.
Fear not, the shareholders were judged to be conthpirathy theorists and Musk won his case.
"Vice Chancellor Joseph R. Slights, who decided the case shortly before retiring, sided with Musk, writing: βElon was more involved in the process than a conflicted fiduciary should be. And conflicts among other Tesla Board members were not completely neutralized. With that said, the Tesla Board meaningfully vetted the Acquisition, and Elon did not stand in its way.β
16.
So what the AF does this have to do with Sacks, Solana, Musk and Trump?
Well....
Step up
@realJakeSimmons with this report:
https://www.newsbtc.com/news/solana/elon-musk-cousin-first-investors-solana/#author-box
17.
WAIT WHAT?
Rive was bailed out (allegedly) then disappears to become an Angel Investor and is one of the first investors in Solana?
No way.
No fkn way.
18.
Damn, this is getting weird.
So let's recap.
- Sacks is Trump's Crypto Czar and is knee-deep across the whole Solana spectrum.
- Trump's DOGE - Department Of Governmental Efficiency - (An anagram clearly chosen to pump another Shitcoin) is chaired by Musk.
- Musk's cousin is one of the first seed Angel Investors in Solana.
19.
So, could it be at all claimed that maybe, just maybe there is a conflict of Interest, Insider Trading and Nepotism involved in launching $TRUMP ?
A Presidential Shitcoin on the SOLANA network!?
Would those involved be able to:
1. Protect pre-existing investments?
2. Pump pre-existing investments?
3. Dump pre-existing investments?
I am sure the Donald is very much the innocent party in this debacle and has been the victim of poor advice.
Perhaps he should consider clearing house of his CrYpTo AdViSorS on day -1 of his presidency?
Perhaps he shoud de-list $TRUMP effect immediately and make any tricked investors whole.
Perhaps we should be more vigilant (toxic) in the #bitcoin space and be ready to call out scams, even if they are at the highest level.
Or maaaaaybe this is all just me being a silly conthpirathy theorist.
Have a great Sunday, don't let all of this information worry you......
Good work. Than you.
Follow the money.
This is not the end. This is just the beginning of The First Galactic Empire of Trump. Donβt forget heβs got Musk.
Every fuckinβ time.
Especially usb-c.
Satanβs invention.