Alex Diaz

49 posts

Alex Diaz

Alex Diaz

@ProfD2021

Educator & Life Learner

Katılım Mart 2021
90 Takip Edilen30 Takipçiler
Alex Diaz retweetledi
John E Deaton
John E Deaton@JohnEDeaton1·
CRITICAL - PAY ATTENTION The Bank 🏦 Lobby is trying to hand China the keys to the future of money. 💰 💴 Right now, U.S. Senators are being pressured to "revisit" the GENIUS Act to ban third-party rewards on Stablecoins. THIS IS A NATIONAL SECURITY TRAP 🪤 Today, the stakes are higher than ever because China officially began paying interest on the Digital Yuan (e-CNY) - making it a "yield-bearing" competitor to the USD.  Meanwhile, the Bank Lobby - the American Bankers Association - is currently pressuring the Senate to close the "third-party loophole" in the GENIUS Act - which would stop companies like @coinbase @krakenfx @Gemini or @UpholdInc from giving those rewards to everyday Americans. If we ban American companies from offering yield to YOU - we’re not "protecting banks" like the bank lobby claims - we’re forcing the world to use China’s currency instead of the USD.  Why is the Bank Lobby so afraid of your Digital Dollars? Because they can’t "rent" your money back to you if you’re earning the yield yourself! That’s why the Banking Policy Institute, led by Jamie Dimon, wrote @ewarren’s Anti-Crypto Bill in 2024 and why I continue to call her and @EdMarkey puppets for the Banking Industry. If the Senate sells out to the Bank Lobby they are effectively taxing every retail investor and customer in MA and across the country to protect Wall Street's bottom line. PERIOD. President Trump promised to make the U.S. the Crypto Capital of the World. We can't do that if career politicians serve as puppets for the bank lobby at the expense of ordinary Americans while also threatening NATIONAL SECURITY. Stand with regular Americans - not the lobbyists - and keep the "Genius" in the Act and stop this sell-out. @realDonaldTrump @SenatorTimScott @SenLummis @berniemoreno @SecScottBessent @DavidSacks @davidsacks47 @howardlutnick @BoHines @patrickjwitt @tyler @cameron @bgarlinghouse @s_alderoty @chrislarsensf @brian_armstrong @faryarshirzad @iampaulgrewal @jespow @DavidLRipley @SMcLoughlin00 @gregkidd @paoloardoino @DonaldJTrumpJr @EricTrump #mapoli #MASen #Deaton
Faryar Shirzad 🛡️@faryarshirzad

The Senate Banking Committee marks up the Market Structure bill next week, and stablecoin rewards remain under debate. Congress already settled this in GENIUS—reopening it now only creates uncertainty and risks the future of the US Dollar as commerce moves onchain. Here’s why Congress should protect the GENIUS Act, and why rewards help consumers without harming community banks. 1/ 🧵

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John E Deaton
John E Deaton@JohnEDeaton1·
In hindsight, I should’ve been a paralegal at Sullivan & Cromwell. Here’s its 2026 billing rates filed in the Linqto Bankruptcy case. Partners: $1,995 to $2,890 per hour; Associates: $1,075 to $1,890 per hour; Paralegals: $550 to $730 per hour. Even with AI - $730 for a paralegal? Let me speak for regular people: GTFOH! Most law firms bill in 6-minute increments - which equals one-tenth of an hour (0.1). In sum, 6-minute billing increments are the industry standard, especially in BigLaw. In other words, the minimum billable unit = 0.1 hour (6 minutes). Therefore, if you send a 2 sentence email to your lawyer who takes 20 seconds to read it, you get billed, per industry standards, the minimum billable rate of 6 minutes. Hence, a Partner at S&C who’s billable rate is $2,890 - would bill you $289 to read the two sentence email. Btw, for 30 years I’ve been a lawyer litigating both criminal cases (murder, attempted murder, rape, etc.) and multimillion dollar civil cases (mesothelioma, wrongful death, etc.) against some of the biggest law firms in America (Baker McKenzie, Jones Day, DLA Piper, Skadden Arps, Greenberg Traurig, etc.) and during that time, I have met and litigated against some of the most talented and brilliant lawyers on the planet. But I have yet to meet one, including myself, worth $2,890 per hour. Now you understand why - in the Linqto case - I said it was imperative to reach a fair solution as fast as possible. Billing even half the rate of S&C and after 2 years of bankruptcy it would exceed $200 million.
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John E Deaton
John E Deaton@JohnEDeaton1·
REGARDING LINQTO: I’m sitting in Urgent Care (possible hamstring tear - boy it sucks to get old) and my office phone and email is blowing up because Linqto investors are now receiving Disclosures and Voting Ballots, as well as emails from a third-party. THE DEADLINE TO CAST YOUR VOTE IS JANUARY 26! Take your time and read through the Disclosure and documents. I will hold a minimum of THREE to FIVE SPACES or livestreams between now and JANUARY 26 to go through it. I will invite Attorneys representing the Creditors Committee to attend one or two of the Spaces to help answer questions. The spaces will be recorded. If you signed up with me, I have your email and you will also get an email explaining things and recommending what to do. NOTICE: People are also receiving an email from Linqto Equity Holders and seeing X posts from that team recommending that you vote No for the plan. Many of these folks refuse to disclose exactly what they own and what they stand to lose if the plan goes through. Please understand these are people who are Linqto Equity holders (common or preferred stock holders of the underlying company Linqto). These folks should NOT be confused with Linqto - The Debtor. In this particular Bankruptcy, the JUDGE himself stated that Linqto committed fraud against its customers. Under federal bankruptcy law, in this scenario, equity holders are last in line to recover anything. In fact, I’ve been very public in saying I believe Linqto Equity holders will likely receive nothing because customers need to be made whole first. Since Customers will NOT be made 100% whole, it is highly unlikely that equity holders will receive anything. For innocent equity holders it admittedly sucks to be wiped out and receive nothing. But customers come first. Period. Under this plan, it is estimated that customers will receive 95% of what they are entitled to. In sum, if you had an interest in 100 shares of Ripple - you should receive 95 shares, once Ripple goes public. Some people could receive 97% of their value if they are also entitled to rescission claims or other claims. These are estimates based on numbers calculated by professionals, not me. This bankruptcy is costing well over $7M per month in fees. Outside of customer assets, Linqto only had $15-20M in assets. In other words, Linqto owned enough funds to pay for 2 months of this bankruptcy. The rest of the bankruptcy gets paid out of customer funds. I filed a motion for Constructive Trust at the very beginning of the bankruptcy and then proceeded to help towards a settlement that would preserve customer assets, including the upside in the private equity shares. It should be known, however, that the Lawyers for the Creditors Committee at Brown Rudnick did all the hard work - I served a supporting role. Everyday we are in bankruptcy thousands of dollars of customer value is being wiped out. This plan gets us out of bankruptcy in record time while preserving the most in CUSTOMER FUNDS. You should demand that any person offering an opinion or advising you to Vote No disclose whether they own Linqto shares, how many shares they own and how much money they stand to lose if they receive nothing. Although I am providing my services FOR FREE and have not been paid any money or crypto for anything related to my time and efforts, I disclosed EVERYTHING and I’ve been an open book. From day one, I said my entire approach is to protect RETAIL CUSTOMERS - not venture capitalists or shareholders. If this plan does not get approved - we will likely head to Chapter 7 Liquidation. The sharks 🦈 and whales 🐳 will come out and attempt to buy your shares for a lot less than they are worth. I would not be surprised if some of the folks behind Linqto Equity hope to buy those shares on the cheap during a liquidation fire-sale. I will address all of this during my Spaces and I will notify you all when it is scheduled. JD
Mike.A@MikeymikeGA

@JohnEDeaton1 I just wanted to say thank you John for standing up for the Parties

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Alex Diaz
Alex Diaz@ProfD2021·
@JohnEDeaton1 Thanks. I received the docket link. How will they present the opportunity to vote? Will it be another email?
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John E Deaton
John E Deaton@JohnEDeaton1·
REGARDING LINQTO: Linqto Equity holders - OF COURSE - go to the end of the line in this Bankruptcy - that’s the law under the federal bankruptcy code. As I’ve said many times, I feel bad for innocent equity holders, including innocent employees of Linqto - who were unaware of the fraud being perpetrated on customers. But the federal judge presiding over the case has stated that this is a fraud case. Under federal bankruptcy law, customers are to be made whole BEFORE equity gets anything. Quite frankly, as harsh as that is for innocent equity holders, it is the way it should be. Customers who invested their money, including folks who handed over most, if not all, of their retirement savings, must come first. Period. I don’t blame anyone who says “I doubt customers will get 95% from a bankruptcy.” I don’t blame that person because it very rarely has happened. That’s why - if this goes through - I’ve said it would be the best result in a bankruptcy case involving fraud in modern history. I have encouraged people to read the plan for themselves. When the ballot comes out and voting begins, I will hold several spaces on X and go through the plan and why I will be strongly recommending each customer VOTE YES to approve the plan. In the next two days, I will publish the transcript of what the Judge himself said when he agreed with me. I will also go over the pros and cons of the LT and the CEF and/or a combination thereof. I will invite the lawyers who negotiated the plan on behalf of the Creditors Committee to join me to help answer questions. What some folks fail to truly accept is that we are in Bankruptcy Court and federal bankruptcy law applies. Federal bankruptcy law trumps state law and trumps ordinary contract law. For example, one person argued the plan could not be approved because Ripple will not agree to a CEF. NOT TRUE. First, Ripple didn’t object - it filed what’s called a Reservation of Rights - preserving its right to object later to a CEF AFTER it sees how many, if any, of its shares are to be allocated to a CEF. For example, there are 4.7M Ripple shares held in trust by Linqto. Ripple would certainly object if 4.7M shares were to go into a CEF because Ripple is a private company and 3-4% of its outstanding shares being part of a publicly traded fund could act as a public proxy related to a private company. But I can guarantee not everyone is going to allow all their Ripple shares to go into a CEF. Not even close. Secondly, the CEF cannot have one company constitute more than 25% of the CEF. I estimate that the CEF - AT MOST - in total - will represent $200M in value. Thus, under that valuation, the most shares of Ripple that could be allocated to the CEF is $50M worth of shares. Ripple is currently valued at $40B (based on a recent $500M investment involving Citadel, Fortress, etc). Hence, $50M worth of shares in a CEF is not going to concern Ripple, IMO. Finally, what some fail to realize, is that the judge can overrule Ripple’s objection - if Ripple objected. Rights of First Refusal and other issuer restrictions in contract law can be overruled by a federal bankruptcy judge and there’s precedent to prove it. KNOW THIS: There is no way to transfer the underlying stocks of private companies directly to Linqto customers. We MUST use an indirect structure (like Linqto was supposed to do). The Liquidation Trust is the best and cheapest way to get it done. If this bankruptcy collapses into Chapter 7 then the Chapter 7 Trustee would liquidate shares and distribute cash. And KNOW THIS: A Chapter 7 Trustee is financially incentivized to say the shares are property of the estate - not customers - that customers are creditors since the Chapter 7 Trustee’s pay is based on assets distributed to creditors! Get it? This is why, as the Judge stated, I filed a motion for Constructive Trust in hopes of negotiating a deal that protected CUSTOMERS. If we go through Chapter 7, People will lose A LOT MORE than 5%.
Bryn Davis@BrynDavis

@MysticTravel5 @KuwlShow @CasioWiser @LinqtoEquity @linqto @CryptoLawUS @JohnEDeaton1 @WSJ @bostonherald @nytimes I hear you But where in the Plan or Reorganization does it say anything about 95% in realistic manner? Equity holders move to last in line in this situation I don’t see it happening personally (simply my opinion)

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Liza Lank
Liza Lank@LizaLank·
@JohnEDeaton1 Cutting out a lot? leave and come back should resolve for a while.
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Orangebloods.com
Orangebloods.com@orangebloods_·
Buy or Sell: Texas Should Continue to Play Big Out-Of-Conference Games 🤔 Upcoming Big OOC Games: 2026 - Home vs Ohio State 2027 - Home vs Michigan 2028 - Away at Notre Dame 2029 - Home vs Notre Dame Looking Ahead to Texas' Future Here: forums.orangebloods.com/index.php?thre…
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XRP Update
XRP Update@XrpUdate·
💥BOOOOOOOOOM💥 Eric Trump says that he knows #Ripple, Brad Garlinghouse and $XRP ‼️
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John E Deaton
John E Deaton@JohnEDeaton1·
Anyone who signed up will get an email from my office on or before Friday, September 26. So far, there are about 3,600 customers who’ve signed up who should receive the email. I’ll explain where we are in the process and what to expect from here. I’ll also do another spaces on X on or before Friday and will post the notice before doing it.
MikeSki1984@MikeSkiXRP

@RayFuentesIO @JohnEDeaton1 I signed up for your pro bono representation, and I trust you, but I'm so confused. Please have an X space w Ray and clear up my lack of understanding. And bring Dan Sciliano who seems too enthusiastic traveling the same road your proposing.

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Alex Diaz
Alex Diaz@ProfD2021·
@Ledger I'm getting the follow error message when attempting to send ADA to Ledger. "Device app version 5.0.0 unsupported, recommended version is 4.0. Something went wrong. Please retry or contact Ledger Support." Please help.
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Alex Diaz
Alex Diaz@ProfD2021·
@FIREPIN_io I’m attempting to add an Wallet address to the Firepin presale dashboard. It appears that the presale.firepin.io site is not working. Any work around a to provide my wallet address?
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Watcher.Guru
Watcher.Guru@WatcherGuru·
Which crypto are you holding as a longterm investment? 🧐
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Alex Diaz
Alex Diaz@ProfD2021·
@FrankieHollyw10 I enjoy the open discussions. The point of this group is to promote the future of #SAFEMOON. Some expressed criticism or doubts about ideas is fine, but personal attacks should never be acceptable.
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Frankie Hollywood
Frankie Hollywood@FrankieHollyw10·
Here is the Scoop #SAFEMOONARMY The ONLY way we can be Defeated is by ROTTING from within. If you Don't Have anything NICE to say. KEEP Your Fucking Mouth Shut. WE Are a Family. WE Don't Drag each other Down. Spend Time LIFTING Others UP. NEGATIVITY is Auto Unfollow 4 Me #Unity
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eToro US
eToro US@eToroUS·
Which crypto would you like to see us add in 2022? 🤔
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