changegonnacome

Possibly for really really big sums in the millions its a problem.....but for minor league think $100k's robberies.........forget about it....Tornado & Defi non-kyc exchanges can absorb that type of ill gotten gains easily. I've literally stumbled across the instruction book on twitter three or four times now (without searching for it I promise ). Bitcoin/ETH trick criminals use: 1) Receive ETH/BTC tied to crime/hack 2) Send to http://tornado.cash 3) Withdraw from http://tornado.cash 4) Now you have clean ETH in a fresh wallet not tied to identity 5) Use a DeFi non-KYC exchange to swap for another token 6) Use KYC exchange to swap token for dollars/euros

Me too Las Vegas is never shutting down again & NYC......well.......vaccination rates are high, it was epicentre of early COVID so lots of people with Mid-2020 naturally acquired antibodies.....combined NY metro is probably at ~75% of adults with COVID antibodies . Lockdowns wont be needed, health system wont be overwhelemed and NY'ers are done staying in their basements MSG Arena will be full this fall/winter with sports and concerts Rockettes will be jam packed as it has been for 84 years (excepting last year) Tao Group restaurants are already full / booked out in NYC for weekend nights Sports betting is coming to NY state - MSGN will have super engaged viewers for knicks/rangers games & desperate advertisers looking to pitch their gambling gaming app

Yep lines around the block for Tao NY Downtown last weekend….. Read a couple of interviews with various touring groups/comedians in the last couple of months…..there are literally fights breaking out between acts looking to book venues for 2022…..I expect utilization rates for MSG/Radio City/Beacon/Chicago Theatre to be sky high with the roster packed with established high attendance/margin performers.

MSGE dip today couldn’t resist YOLO’ing into some $110 Dec 16 2022 call options..….got filled at $4.80 Thing with Delta is that it’s rapidly driving the US towards herd immunity such that Dec/Jan/Feb period prior to Delta I was concerned would be the the last COVID scare period that could reduce attendance at MSGE assets….the fall COVID spike has IMO been brought way forward I think….put it this way…..if you haven’t had a vaccine yet…..don’t worry Delta will hook you up with some antibodies in the next 6-8 weeks I think just given it’s infectiousness….. MSGE Q4 2021 & the Rockettes will be selling to packed houses

MSGE

Interesting - writer or buyer? and at what strike. Its quite amazing what he’s doing there - effectively has turned his company into a defacto BTC etf/proxy

No doubt

Cobf bot - remind me in three years time

Price action disagrees with the above - as BTC today hits $32k, 50% off its ATH of $64k………..but yes the above pieces of the puzzle coming together ala El Salvador etc. could be the start of a sovereign adoption journey….…..but it could also be a head fake…depends what confirming evidence your searching for. I remain skeptical, you seem certain @TwoCitiesCapital the answer is between and the possible path for BTC is highly uncertain………and not inevitable as the laser beam eyed Miami peeps would have one believe.

I think the main point still stands that WSJ article is working towards but didnt quite get there on - the increase in illicit crime facilitated by bitcoin/monero/others has not been met, yet, by truly incremental and wide spread improvement to society’s lot at a large since BTC’s invention. Nobody in my wider circle can say or articulate how the existence of bitcoin has benefited their lives in anyway. Not a single one. Btw just because your cousin Vinny bought an unproductive asset sardine and it went up is not a incremental societial benefit. I’m open to the idea that things are still very early and those benefits are yet to come but right now the burden of proof is on bitcoin evangelists because clearly were still in the “show me this makes things better stage” of crypto. I see lots of dreams, lots of tech laser beamed eye optimism and herd seduced by clever technology on the one hand ( a solution looking for a problem) and the usual get rich quick snake oil salesmen riding on the back of the credibility and enthusiasm of the nerds. Its a fascinating space from sociological perspective and must watch TV……….as the clicks and coverage demonstrates in main stream media and in the twitter-sphere……as someone said before in this thread the only area I might considering investing in is in the ‘picks and shovels’ end but frankly I dont have the stomach to hold my nose and pick up the dollars sitting on the ground. Every time I see a sh!tcoin listed with FIVE zeroes to the right of the decimal point or blatant pump and dump ‘articles’ in coinX publication, or full on scam like moonbois/DeFi100 scam, or thought leaders/ influencers (think Pomp) in this space so happily encouraging & goading their audience to HODL or buy the dip………..I get the same feeling I get when I watch documentaries on the great follies of the past……that human beings enmasse can be so greedy and thoughtless of their fellow man that they’d run over them in the pursuit of adding a half cents to their cents. In summary I think less of the human race the longer and the more I study the crpyto space. It actually makes me slightly depressed to dig deeper into it and the various schemes and traps set for retail (a lot of its retail audience disgustingly being retail in developing countries with low incomes (Indonesia, Philippines etc.). I get to see where the marketing dollars get spent for every West Coast companies sh!tcoin launch. I want to be clear I think at its core crypto or more correctly blockchain has a dedicated group of honest nerds in love with the possibly of software to solve real world problems and maybe they will….…….in their orbit, attracted by the grayness of regulatory classification, might be assembled one of the highest densities of amoral people ever seen in human history in a single industry with the exception of probably 17th century piracy. P.S. - stuff like the below…….its so accepted even slightly celebrated that the space is rotten top to bottom……its really amazing…..but I guess like a casino you know the game is rigged ….you just hope you get lucky (or your in the RIGHT secret telegram group that isn’t in the bag holder group) https://twitter.com/twocommapauper/status/1397106939193085952?s=21

DeFi is the future though i thought $32 million stolen from what i can see………..small-ish change in crypto land Its when the USDT guys or similar disappear with a few billion that folks will wake up to quality of counter parties in this space……….one thing I can say about crypto for sure……..is that all things being equal its improved the average honesty & integrity level in promotional finance………cause every sleazeball I know in the outer edges of my professional circle has migrated over time into crypto/blockchain

Your right - its the victims fault, they did it to themselves

Let's talk about why cryptocurrency is the single factor that created the ransomware plague that is ravaging our healthcare system and public infrastructure. (1/) https://twitter.com/smdiehl/status/1395683698859814912?s=21

Relentless torrent since Colonial don't you think? - don't quite remember the American's and Chinese so coordinated on anything like this before - here's another one today: China Hammers Bitcoin Anew With Warning on Miner Crackdown https://www.bloomberg.com/news/articles/2021-05-21/crypto-limps-to-weekend-after-hammer-blows-from-musk-china-tax?srnd=premium As I've stated before: The expected value/return of a crime is a function of the probability of escape multiplied by the nominal $ value of the crime lets call it maybe something like this: $ of Crime ($C) x Probability of Escape (PoE) = Expected Value of Crime (EVC) Bitcoin/Crpyto increases the PoE.....it therefore increases EVC.....which in turn increases crime itself.....its been most notable in the ransomware segment and the move up the stack to national infrastructure vs. private companies has poked the transnational bear.......and we've seen a relentless wave of news since then

US Treasury wants cryptocurrency transfers over $10,000 to be reported to the IRS https://www.theverge.com/2021/5/20/2...ud-tax-evasion "The agency says cryptocurrency ‘facilitates illegal activity broadly including tax evasion" “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” Like I said.......the powers that be, agree with me......who.....just the US Treasury.....i.e. the White House......the CCP & China's leadership......next move is European regulatory authorities / commission to do something BTC hostile in response to Colonial/Ireland bitcoin denominated attack.......Europe is a little slower to get things done my guess is next week or week after something drops which tightens the grip around cyrptos neck.......as I've said previously in other threads this all occurring a couple of weeks after Colonial....weird, so weird......

Thanks @TwoCitiesCapital for sharing - pulled the conclusions last paragraph which more or less covers it....for those interested: To date, the typical approach to cryptocurrency valuation has been via Metcalfe’s law. Commonly expressed in shorthand as n2 , it is the approximate value of P when n is large. We show that price is a function of n users, as Metcalfe’s law states. Our research differs from past models in that we derive that n may grow at a non-constant rate over time, as a Gompertz function would indicate. This function, usually used to describe the growth of biological organisms like bacteria, tumors, and viruses, likely has some application to network economics, including cryptocurrency valuation. Lastly, we confirm past research that the long-term growth rate in users has considerable effect on the long-term price of bitcoin. I remain unconvinced having read the piece......and his comparisons to facebook etc. dont strike me as analogous enough.....saying the price of bitcoin is dependent on growth in users, especially new users......could be said of a ponzi scheme, multi-level marketing scam or the ponzi's 2nd cousin the pyramid.....or a religion.....I know, i know an old tired diatribe!

Looks to me like Elon Musk has management control of Bitcoin right now, its price & adoption curve at the very least - ...........that isnt a good look for a supposedly decentralized currency thats meant to act like a store of value Try as he might haven't seen a single thing Elon has ever said/done or tweeted that's moved USD exchange rates..........USD 1 - BTC 0 in my book

Serious question - how is this worked out.....what are the variables required that spit out $20k as network value per coin - whats the equation....and where are the numbers sourced to plug in the variables in said equation

Yeah China/India……no biggie………… just 2.8 BILLION people or pushing about 40% of the worlds population…….your right

Love it Was China reading my posts for the last few days …….they sure do move fast over there https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/

As by homie Naom Chomsky says - Governments have a monopoly on violence.....and they aren't giving up their monopoly on the money supply either. Expanding aggressively the fiat money supply in times of deep distress has saved society's bacon twice in my brief lifetime......2008 & 2020.....I WANT a central authority to spot impending doom and do something about it.........not some decentralized hive mind that may or may not come to consensus on taking actions to save humanity. This is the problem at the heart of decentralization - as problems become increasingly complex it becomes clear, pretty quickly that some centralized governance and control is required. Its the story of every ETHER based project tackling big big problems. For the bitcoin evangelists in their utopia of a decentralized future world with no central authority issuing monetary instruments........whats the plan for the next global pandemic/disaster that freezes the economy for months? My guess there isn't a plan? How could there be there is no CEO of bitcoin, President of ethereum?

If the entire county of Iran can be cut off from the international banking system overnight……..I think the US/EU if they put their mind to it could stop you loading up your Coinbase / Gemini wallet with ACH or your debit card I think the way they do it, is much more subtle…..lets not forget BTC is a minority sport after all…….for all the headlines it gets…..you do what’s already being done in the EU, you take your banks and you impose on them enhanced due diligence AML/KYC on the provision of corporate banking services to crypto exchanges with the threat of massive fines by ESMA for failures……..exactly like Europe……….99.9% of your banks stop doing business with them immediately….……in Europe right now I can count on one hand the banks that will open corporate account / nominee accounts for exchanges…….for those with an exchange looking for a European home interested they are in Estonia,Liechtenstein & Lithunia……even the mighty Coinbase has to go to the backwaters of Europe to get a bank……….now you have them hoarded into a small space…..you only need to make FOUR phone calls to end crypto on/off ramps into Europe. The USA could do the same.

Imagine someone came up with a new type of Christmas lights……….that consume 20x the amount of power of old Christmas lights………the only incremental improvement these new 20x power consuming Christmas lights have is that they are the preferred Christmas lights of extrontists, kidnappers and degenerate gamblers. People argue these new type of Christmas lights should become the defacto Christmas lights for the global economy. Perhaps even the reserve currency Christmas lights. That’s what bitcoin is. We have a currency already, its both digital & analogue, widely accepted, easily transferred with an at scale digital payments system processing zillions of transactions a second and has built around it an infrastructure which gives ‘bad guys” headaches around how they might get paid without getting caught for X,Y,Z crime. I like the old Christmas lights better.

"Not everything that can be counted counts and not everything that counts can be counted" the E=Mc2 guy My point was never one focused on relative returns..........its a public commons discussion, a question of net benefit to the civilization/society.........my 50% drop bet in Bitcoins value in the next 12 months is just a measurable yard stick by which we can come back and see how the infrastructure of the state will now respond to the negative externality caused by the invention of crypto/bitcoin.......and it should IMO The G7 are going to bring a wrecking ball to this space in the next 12 months

Why then the currency of choice for global criminals....Colonial Pipeline/Ireland health system attack......its because its a better widget for crime than USD/gold/diamonds and apart from its increased usefulness in getting away with serious crimes. It hasn't improved my life/my friends lifes one little bit........and maybe ask people in Ireland what they think of bitcoin now, is it a net positive for them. The bitcoin crowd carry on like we didn't have a digital payments system before it came along and saved us...that we were stuck in some ancient bartering system in the town square...........I fail to see its use case apart from being a speculative vehicle and superior meduim of exchange for the proceeds of crime. My bet @TwoCitiesCapital if you choose to accept it ...................is that Uncle Joe B and the European Union agrees with me more than you and your going to see some VERY VERY aggressive moves by (SEC, DoJ, Fed, ECB, ESME) to purge BTC/crypto on ramps / off ramps in the next twelve months with a corresponding fall in BTC's value of greater than 50% from its 52 week high ~$64k............I will bet you a..........quarter of million.......satoshis .......to be delivered to your BTC wallet by May 15th 2022 if I'm wrong? Deal? My laser eyes are hurting now......and they must rest..........look forward to your response in the morning.