CryptoFun

@NYCMayor Imagine the audacity to think you are unequivocally entitled to what others have earned. The definition of a true piece of shit.

@NYCMayor What a clown. As if taxing the rich improves the lives of the poor. Incredibly sad to see people celebrate this as if it's some victory for them and their families.

🚨🚨$SHIB Part 2 🚨🚨 In this Post, I take a look at SBI Holdings financials, and their precarious timing with their investment into B2C2. If you missed it, last week I wrote a thread on how I believed I knew the identity of the mysterious Ryoshi, the creator behind the 2nd largest Meme token, Shiba inu, or $SHIB. You can read a general summary of my tweets in this @WatcherGuru article: #google_vignette" target="_blank" rel="nofollow noopener">watcher.guru/news/shiba-inu… Once you have read that, continue to read below. It is here that I will begin to build a case around my thesis. On July 1st 2020, SBI Group invested $30M USD into B2C2 for an uncontrolling interest, just 30 days before the token $SHIB was launched on the ethereum blockchain. Outside of a marketing stunt, where the team donated half of the SHIB tokens to the "well on his way" multi-Billionairre Vitalik Buterin, SHIB didn't see any massive surge in volume or price. However this would change, once the chess pieces were in place. SBI Group at this time, the summer of 2020, was mostly known in crypto for being the largest institutional holder in $XRP. XRP was going thru regulatory challenges in 2020, and In December of that year, Gensler and the SEC sued Ripple and 2 executives claiming they took part in an unauthorized securities sale, which had a negative impact on Ripples short term liquidity and price. Interestingly enough, SBI Group at the same time XRP was being sued, purchased 90% of B2C2, the UK crypto Liquidity and trading firm where I believe SHIB's founder, anon Ryoshi worked. In January of 2021, SHIB liquidity pools were drastically beefed up. In May of 2021 SHIB saw a massive price surge when Buterin announced he was donating 10% to COVID charities (at the top of the market) and burning the other 90%. SHIB had its moment, skyrocketing in price. A well played and well timed story. You may be sitting there thinking, how do I know SBI group, or B2C2 even held any SHIB? Keep reading :) SBI Group does and did hold $SHIB, thru both of their Crypto entities. In fact, SHIB is one of only 11 Crypto assets that they handle on both SBI VC Trade platform and the Bitpoint exchange which they acquired. you can see their holdings below (as of June 2023): This is where I do my best to show you how much SBI Group has benefited from Crypto. While I can't show you their books, I don't have access to them, I can show you that they took a rather diversified, stagnant Bank, and turned it into a MONEY PRINTER. According to SBI Group's 2023 Investor Presentation, In the 20 years in operation, leading up to 2020, SBI Group never held more than ¥6 Billion in assets. In 2023's report, they booked ¥22.3 Billion in assets. In 2019, they booked a record profit of ¥52.5 Billion, about ¥7 Billion more than they booked in 2015. Fast forward 3 years, SBI Group profits jumped 6x, to ¥367 Billion. This put their EPS up almost 10x in just 3 years! SBI's Revenue was up 44% YOY in 2022, but their GP was up 8x!!! How could a well established, 23 year old Organization, with 87 different companies stretched across 24 different countries around the Globe, all of a sudden grow their Profits by >800%, after experience relatively flat to slighly up growth for 21 years? Crypto. Selling their customers their worthless tokens thru their ever growing Digital asset ecosystem. Were they, thru B2C2 behind SHIB? I think without a doubt. They experienced growth like this because they sold worthless meme bags to holders who bought into the hype. I know many people that bought and lost. Who didn't lose? SBI Group and their shareholders. I hope you learned something. Don't worry, there is much more coming to this story, which I will most likely sum up in an article. Always stay curious my friends, Boring Sleuth

@BoringSleuth bro fighting against trillionares with unlimited power

@TheProjectUnity @grok who did the moors expell?

Only one religious group has been expelled from countries and cities over and over, throughout history. From dozens of unrelated kingdoms, empires, and states, across centuries. Over 100 documented expulsions spanning more than 2000 years. Do you know who i'm referring to?

@vandell33 plz bro i need my crypto bags pumped

There’s a disconnect between how people think markets behave and how markets actually behave. The crypto market bottom is not in.

@viewsceo Eddie should stand strong on this one. He’s blatantly botting tens of thousands of viewers. No one in his audience is even old enough to gamble. What return is he honestly providing Kick? 😬 It’s got to be negative given IVS costs alone, lol. 😳

@RuddyRegan_ @LSXYZ9 imagine if bro used his autism for good

- Spend 17 hours reading the wiki - Write thousands of words worth of notes - Make a 170 slide PowerPoint Riot change the whole game a week later 😭😭😭😭😭 Someome check up on @LSXYZ9

@StarPlatinum_ ppl didnt even listen to elon?!?!?!???

Suchir Balaji did not just die. He was one of the key researchers behind early ChatGPT systems. He worked at OpenAI from 2020 to 2024. Then he walked away. He said the company was violating copyright laws. He said the entire model was trained on protected data. He was ready to testify. On November 26, 2024 He was found dead in his San Francisco apartment. Gunshot wound. Official ruling: suicide. Case closed. But the details don’t sit right. Signs of struggle, bruises, the apartment in disarray. His bags still unpacked. Interviews scheduled for the following days. His family rejected the ruling immediately. They hired a private investigator. They called for a federal investigation. They said: “He was not suicidal.” Months later Elon Musk said “He was murdered.” He repeated it publicly. Multiple times. Two versions of the story. One official. One unanswered.

@suchirbalaji This does not sound like a depressed, suicidal man to me. How about you?

@suchirbalaji om shanti

@suchirbalaji RIP Suchir. To anyone reading this: remember this young man and what he stood for. Get to the bottom of his untimely passing, especially amidst the broader context of the AI Wars. Don’t let them turn 2024 into the new 1984. Don’t let them Memory-Hole Suchir Balaji.

@suchirbalaji RIP Aaron Swartz RIP Suchir Balaji

I recently participated in a NYT story about fair use and generative AI, and why I'm skeptical "fair use" would be a plausible defense for a lot of generative AI products. I also wrote a blog post (suchir.net/fair_use.html) about the nitty-gritty details of fair use and why I believe this. To give some context: I was at OpenAI for nearly 4 years and worked on ChatGPT for the last 1.5 of them. I initially didn't know much about copyright, fair use, etc. but became curious after seeing all the lawsuits filed against GenAI companies. When I tried to understand the issue better, I eventually came to the conclusion that fair use seems like a pretty implausible defense for a lot of generative AI products, for the basic reason that they can create substitutes that compete with the data they're trained on. I've written up the more detailed reasons for why I believe this in my post. Obviously, I'm not a lawyer, but I still feel like it's important for even non-lawyers to understand the law -- both the letter of it, and also why it's actually there in the first place. That being said, I don't want this to read as a critique of ChatGPT or OpenAI per se, because fair use and generative AI is a much broader issue than any one product or company. I highly encourage ML researchers to learn more about copyright -- it's a really important topic, and precedent that's often cited like Google Books isn't actually as supportive as it might seem. Feel free to get in touch if you'd like to chat about fair use, ML, or copyright -- I think it's a very interesting intersection. My email's on my personal website.

@rizz1901 @StarPlatinum_ nope all of our accs are in the shadow realm

@StarPlatinum_ wait so the openai whistleblower who exposed the copyright training data issue just got ruled suicide and nobody is screaming about this?? 💀

@AshtonForbes @skdh food allergies are fake? let me guess you are meat and dairy but you are looking for a cure to cancer? So why is it that a natural plant based diet has cured every disease known to man? And not a meat/dairy diet that only causes disease aka food allergies. Retard

@skdh ‘Science’ Food allergies are fake btw.

i have developed a gluten intolerance, congratulations to me🫤

@gainzy222 @hedera is already protecting against quantum hacks, chill out lil bro

This is gonna be pretty funny Poor people will correctly vote “no” to freezing wallets And rich people will be forced to offload all of their bitcoin in response, nuking the entire industry in a firesale There is no way to avoid this

KuCoin admitted they pulled their MMs from replicating orders across other exchanges so they wouldn’t suffer losses. Instead they hedged against their own users. I have them on video saying they take the loss from users unlike every other exchange. The second they pulled MM liquidity, the order book went to zero open interest. Which leaves me with only one conclusion: KuCoin is insolvent and their only volume comes from hedging MMs against users.