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Fred Johnston
c0587dad09e3efae0ec93036aaa0d70658ce9053ee1359edf1763869e6a50e67
Dad of 5. Retired EE Electric Utility Industry. TSLA. Solar. Covid 1984. Arial Speakers. Lake of the Ozarks. ⚡Bitcoin

I'm not on either side. There are problems with both sides. Palestine being a prison is not acceptable. Israel being bombed for decades is not either.

No one has ever answered my question of why did Palestinians allow the massive spending on tunnels and bombs? So much money wasted.

Decades of this and it's clear someone has to win and someone has to lose.

https://www.jewishvirtuallibrary.org/palestinian-rocket-and-mortar-attacks-against-israel

100%. All roads lead to #Bitcoin eventually.

History shows 100% of fiat fails given enough time.

All is good - progress made here MUCH faster than I ever dreamed.

We are over-reacting.

#Bitcoin will win.

The fiat gamblers need an off-ramp to their addiction. Give it to them - shitcoins.

HISTORY shows when the fiat system fails (US$ and Shitcoins are ALL fiat) the hardest money of the time wins (why Gold remained on top for so long - it was the hardest money until now).

Buy Bitcoin daily (NOT the ETFs!). Move to cold storage every few grand. HODL 10+ years. So simple, but not easy.

Also, shitcoins are very well developed worldwide on the US$ shitcoin. Bitcoin L2+ is not as well developed at the shitcoins in US$. So the crypto market is an onramp to Bitcoin. I'm not touching it with a 10 foot pole, but how many of us played with SOME shitcoins in some way before understanding Bitcoin fully? (Answer: most of us)

I don’t think so. I think it all comes back to bitcoin at some point in the future. The shit coins will be a catalyst to a bitcoin standard. And quite frankly, we don’t have the tools yet on layer 2+ of bitcoin that the digital shit coin industry has on the dollar.

Just keep in your mind, the reason Tornado Cash was targeted was because it has a HEAD.

So important to understand.

We can debate the details forever, but the administrative state can get ANYONE for ANYTHING at ANYTIME. There are 100s of thousands of laws being used against all peoples.

YOU and everyone reading this has broken some law at some time because the system has centralized power into a deflector shield for the Elites.

Not understanding this base layer will cost you a LOT of money.

Watching the Inauguration and about ready to throw up.

Everything is so fake. I'm already losing faith that Trump can do anything even BEFORE the beginning is over!

I always go back - to hoping Bitcoin fixes all this mess because I don't think humans can fix it.

That app follows government guidelines for diet. It's no better than what's in the cart above.

Read, "The Ancestral Diet Revolution: How Vegetable Oils and Processed Foods Destroy Our Health - and How to Recover"

Skip the app for sure. Not even worth the debate. Don't stop with this one book, it will lead you to TONS of research and other books.

They can try - but the developers will just relocate.

You can't stop a headless worldwide network. time to get a grip on reality.

Replying to Avatar L0la L33tz

Wake up babe, there's a new filing in Tornado Cash, and it's just about as embarrassing as the rest of the shitshow the DOJ has been assembling over the past two years 👇

This time, it persists that Storm profited from Tornado Cash smart contracts, arguing directly against arguments made by the Fifth Circuit, which found that "none of the immutable smart contracts entitle the smart-contract creators to a benefit."

Imagine a car manufacturer being held liable for profiting from illicit activity because a car they manufactured was used in a bank robbery, or a computer manufacturer because a machine they sold was used in a hack.

Tornado Cash should have stopped illicit activity, even though we concede that Tornado Cash couldn't stop illicit activity, or so the argument goes.

What about the Chainalysis sanctions oracle Tornado Cash implemented to block OFAC listed entities from accessing the service?

That's "window dressing," the Government says – an inefficient step that was only taken to "make a public announcement that TC wasn't violating the law." OK then.

The Government continues to appear to allege that the sole purpose of Tornado Cash was to enable criminal transactions, again making references to the prosecution of Silk Road operator Ross Ulbricht – ignoring the fact that while Silk Road operated as a dark net market, Tornado Cash illicit transactions are only estimated to have made up around 14% of overall activity be the Government's own calculations, primarily pertaining to funds originating from hacks.

What's worse is that the Government doubles down on charging the developers for the development of a User Interface, continuing to attempt to enforce FATF recommendation 66 against FinCEN guidance and despite the lack of official adoption.

This case is a complete abomination of the US justice system. Everyone working on its prosecution should be fired.

https://www.therage.co/doj-tornado-cash-motion-to-dismiss/

As stupid as this is, it's the fiat system fighting back against #Bitcoin repricing everything.

The difference is there is no head on Bitcoin. Why do you sue? Satoshi disappearing was CRITICAL to the success of bitcoin. If you don't see that yet, you soon will (within years of trial and error or within months if you read aggressively on Bitcoin and history of money).

Well, I agree - fewer laws the freer we are.

Where we draw the guard rails will ALWAYS be a debate.

What harms others? What systems take advantage of others? How/were do you draw the line?

To your point - if we have REAL money. Which should drive REAL education and literacy (it always has) 'maybe' we fix the culture of gambling without a law against it?

What if people truly understood the impact of gambling? Would we even have a problem requiring a law?

Probably don't need any laws in a truly educated, enlightened world. So, I agree with you - but it's very hard!

Taking it to extreme. Murder does not need to be illegal in a Bitcoin world. Why? Because everyone knows it's wrong, so it never happens. Of course excluding mentally ill - but even THEN - what if real money fixes that too?

See where this goes? Sounds utopian, but maybe we are getting ready to enter a world of enlightenment like humanity has never seen?

100%. No shit coin has ANY impact on #Bitcoin.

You will NOT stop the gamblers from gambling. I refuse to join the crowd, so just watch it all for entertainment. It does make me feel for those that get sucked into the entire crypto world. But this is cultural, you won't change these people - they will die stupid/broke. Again, as you say no one is forcing them.

(BTW - I believe gambling, especially state sponsored gambling, should be illegal - as it has been in EVERY moral culture throughout civilization - gambling is a symptom of a failing culture - and a fiat disease actually)

As we know - #Bitcoin fixes this eventually.

Sadly, we ALL should expect this. It's happened over and over and over throughout history - 100's, 1000's of years. Read the book, "Manias, Panics, and Crashes: A History of Financial Crises"

In a way, I'm glad Bitcoin is just on a steady climb. When this thing busts everything is going to suffer - but 1 bitcoin will still be 1 bitcoin, that we know. Just be sure you have a couple years of cash to ride through the storm. Where the hell you keep that cash I have no idea! Maybe under the bed! lol

I still don't trust Trump. But maybe it's just the skeptic in me.

I sure hope he turns out to be a humanity changing President that could be a Bitcoin standard, I guess we are going to find out!

I also think Trump plays around a LOT with words. He has a way of keeping people off balance in what he truly thinks.

Like war. He says he will unleash hell if hostages are not returned. The next day he's ending all wars. He's excellent at playing mind games - and it absolutely works for him.

Trump has played around with these types of projects many times.

I think it’s clear he sees shit coins as a novelty item.

I believe and hope that he understands bitcoin well enough to distinguish the two. But to suggest we know that for sure right now would be stupid.

If Trump adds bitcoin as a reserve asset, I think we’ll know our answer. Once that happens, the arms race for bitcoin will be on. Read Jason Lowery‘s book, “Soft War”

Replying to Avatar Daniel Prince

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 I’m excited to share Multicoin’s 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 company’s acquisition of the solar installer amounted to a bailout, pushed through by Musk who sat on both company boards at the time."

https://www.cnbc.com/2022/04/27/elon-musk-wins-shareholder-lawsuit-over-the-companys-2point6-billion-solarcity-acquisition.html

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: “Elon 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.”

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......

The worst thing about this is it POINTS to shit coins as a way out of the US$ GRC mess instead of a #Bitcoin standard.

Excellent homework. There were a few things I did not know - the brothers being Elon's cousins, how the hell did I miss that.

The shit coin world is full of gangsters, con artists, and charlatans. Study history - the world ALWAYS has this element during rapid change. Let's see how smart Trump is - and the rest of the gang, including Musk, generally does the right thing (generally, not always).

Trust but verify EVERYTHING!

Bitcoin is a NEW MODEL to replace the old - we should all expect these type of shenanigans. Posts like yours help people understand! Thank you!

But it's also amazing how #Bitcoin and Nostr make you SO MUCH more aware of what's really happening out there!

My wife still watches the news. If my ears catch even a minute, it blows my mind the garbage coming out of the TV. Not only nonsense but complete propaganda. Can't even believe that was me 10 years ago!

REMOVE yourself from the matrix!