A little bit of light on a dim Monday.  I feel exactly zero sympathy for this asshole.  I feel a little bit for his family.  But I watched him personally cheer on the lawsuits coming out of the project he supported.

What he built was so CLOSE to a good idea but based on such a bad idea there was no saving it.



One more thing.

He STILL hasn't learned his lesson.  Twetch did not fail because of bad PR!  It failed EXACTLY BECAUSE it was anchored to a centralized chain and the centralized actors decided to kick him out, and the market was wise enough to also value the centralized project where it belonged.  But this is just the sort of failure that awaits those who build on a centralized blockchain and then do not stay on the right side of those who control the database...  Twetch did not fail because Calvin likes little girls.  It failed because the idea of writing the entire internet to a blockchain is a retarded.

Asshole still doesn't get it.  (Sorry to any of you WO brothers who still hold out hope for the big chains.)

To be honest, he wasn't even a trader to look at the charts. Or have much understanding of economics, market fluctuation and bitcoin volatility. Plebs lacking knowledge deserve their faith.    

I mean.... I do deal in sh!tcoins as well....... But I buy at the f^cking bottom. or at least 5-10% away from it in worst cases. And my strategy is to wait at least 1 year before selling or minimum 5-7 months (depending on market momentum.)  And my other strategy is to no trade more then 1% per day, and that means basically every 100 days, you double your money. But I'm starting to fear stable coins and the traditional fiat, it might go nuts in the following months.    

Post of the day

10 wo/smerits

Exactly.  If you look at that tweet thread you might notice a familiarly named jackrabbit making that exact point.

That's one of the amazing parts.  "Moist" is acting surprised that "Holdlonaut" is seeing karma in this circumstance in spite of the fact that I distinctly remember "Elon" being among the voices cheering on the lawsuits that the scammers brought against him.

The very nicest response a "toxic maxi" could make to this guy is "We tried to warn you".

I personally did.

Jeebus... twitter on a freaking blockchain.  The most ridiculous part is there are more guys like him that want to do the exact same thing on some other blockchain.  The BSV folks actually never seemed to understand that they  were NEVER taking on BITCOIN, but instead were competing against ETH, really...

Well...  It's really just beginning to rot.

1.  CSW  "won" his court case in Florida when the jury decided he ONLY had to play 100mm to the plaintiff.
2.  Similarly his European court cases are being seen by the various courts as frivolous and he is "winning" them similarly to the above (as in NOT winning but still saying he is)
3.  Many of the developers "building" on BSV are meeting the same fate as Elon Moist. There are several on the outs with CSW and CA (proof of centralization)
4.  BSV only has 16 nodes on the chain tip with the most recent version.
5.  Transactions becaome difficult over the holidays because TAAL (the centralized database/miner) went on Holiday (lol)
6.  The BSV Electrum team has begun to warn that people will NOT be able to restore from seed words because no one will be able to run the node soon.
7.  BSV has lost upwards of 93% of it's value against BTC.  The fate of ALL alts, but particularly bad in it's case.

After so many years of the fork projects taking up space and value it is nourishing to the soul to see the market do what it is supposed to do.

SO CLOSE to a good little short squeeze???



It would be lovely for us to paint a nice V shaped recovery right here at this higher low...  Do I need to take out a little leveraged short to make that happen?  I have never done that before... hmm.

Yeah.  That's true... But retail has not been buying much at all during the last 1-2 years.  And it seems sort of weird for miners to hold out to sell at the exact bottom.