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Attachments: BSV mystery buyer doubles market cap
BSV mystery buyer doubles market cap
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Edited Oct 8, 2021 1:57am Oct 7, 2021 10:33pm | Edited Oct 8, 2021 1:57am
Joined Jan 2009 | Status: FREE ROSS | 1,177 Posts | Online Now
I looked at some of the Coingeek conference festivities. It's no game changer but definitely encouraging. It's good to see a professional effort behind BSV, and especially good to see the market taking notice....
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This may be the best thing to happen to BSV since CW got the whitepaper copyright.
Oct 8, 2021 12:03am Oct 8, 2021 12:03am
Quoting Goat
especially good to see the market taking notice...
I have a theory, and Dear Lord I hope it's right.
First, why didn't the other CG conferences cause this type of strength? I don't remember anything close to this.
My theory is that it's about the location: NYC. Home of finance. Every hedgefund sent somebody to this conference just because it's a hot topic close to home. Being surrounded by the BSV community it's easy to see through the disinformation campaign against Craig Wright. That resulted in a bunch more guys roaming Wall St. who know that CW is Satoshi.
If I'm right, that means the cat's out of the bag and this strength will continue as the rumors spread through NYC. That is exactly the spark we need to light this fire.
I'm legitimately excited about this. A Wall Street rumor can move slow because a position has to be purchased before the rumor can be passed on. Hardly anyone has access to BSV so it takes a couple days just to start buying. That means the rumor would move slowly, and could take a few weeks to be fully realized.
It's a long-shot theory, but it'll become foundational if we see unusual strength over the next week.
Oct 8, 2021 4:32am Oct 8, 2021 4:32am
Think about this. There's only one guy who has legitimately come forward as Satoshi. So according to Occam's razor, Satoshi is the guy who says he is Satoshi. Just one of the hundred arrows that point to CW.
Oct 8, 2021 12:09pm Oct 8, 2021 12:09pm
BTCmailman
Joined Feb 2021 | Status: Member | 227 Posts
{quote} I have a theory, and Dear Lord I hope it's right. First, why didn't the other CG conferences cause this type of strength? I don't remember anything close to this. My theory is that it's about the location: NYC. Home of finance. Every hedgefund sent somebody to this conference just because it's a hot topic close to home. Being surrounded by the BSV community it's easy to see through the disinformation campaign against Craig Wright. That resulted in a bunch more guys roaming Wall St. who know that CW is Satoshi. If I'm right, that means the...
Smoked a little too much hopium last night eh? You went from keep Craig off stage (my idea! BSV not Craig Wright) to every hedge fund in NYC was in attendance and now knows Craig is Satoshi in the span of 4 hours!
I think the only people in attendance were a few crypto journos, hardcore BSV fanboys & people who work for the triumvirate of CoinGeek, nchain, & TAAL.
https://twitter.com/BonjourBitcoin/s...45558630821899
I know not an unbiased source but look at the size of that crowd. And having watched some of the other videos from the conference I think that's a pretty accurate representation of the crowd size. How many 2 GB blocks can you fill with those empty seats?!
Hedge funds have both legal and reputational risk to worry about and do serious due diligence before investing. Putting investor money behind a confirmed perjurer is a non-starter for established hedge funds. Maybe a small newly established hedge fund could get some investors to accept the risks, but for established players it's career suicide. Also if the thesis is that BSV is the real Bitcoin and Craig is Satoshi you would assume the fund will be buying up BSV and holding. Why would I pay someone 2/20 to do that when I can do it myself?
Oct 8, 2021 1:16pm Oct 8, 2021 1:16pm
Quoting BTCmailman
You went from keep Craig off stage (my idea! BSV not Craig Wright) to every hedge fund in NYC was in attendance and now knows Craig is Satoshi in the span of 4 hours!
I don't see the conflict there. Are you shocked I can see positive and negative at the same time? That's called being objective. It's an old-school trick we use to make money.
Putting investor money behind a confirmed perjurer is a non-starter for established hedge funds.
Confirmed perjurer? When was CW charged with perjury?
{quote} I don't see the conflict there. Are you shocked I can see positive and negative at the same time? That's called being objective. It's an old-school trick we use to make money.
Confirmed perjurer?
https://www.courtlistener.com/docket...iman-v-wright/
"Particularly given my prior finding that Dr. Wright has produced forged documents in this litigation, I decline to rely on this kind of document, which could easily have been generated by anyone with word processing software and a pen. Second, I accept counsel's representation that Dr. Wright intended for his sworn interrogatory answers to affirm that Mr. Mayaka was the counsel to the Trustee of Tulip Trust III. Nevertheless, I give no weight to sworn statements of Dr. Wright that advance his interests but that have not been challenged by cross-examination and for which I cannot make a credibility determination. I have previously found that Dr. Wright gave perjured testimony in my presence. "
Emphasis my own.
The context for that little blurb is at least a hundred times larger than the blurb itself. I don't have the legal expertise to wade through it all. The blurb might constitute "confirmed perjury" to you, but it means little to me. If CW is charge with perjury, not by Twitter but by a court, that will be meaningful.
Back to your counter-theory. You're saying that a hedge fund wouldn't invest in BSV because investors would be concerned about the blurb you posted? That's not the world I know. The world I know is where investors have no feelings or moral obligations and just want to make money. They don't even care if their manager is shrooming for gains. Legality is the only hurdle they care about. I think Elon Musk is the biggest fraud in America today, but I'm still riding the DOGE trade. Investing is about making money and every other intention gets in the way. I do have a heart, but it turns off whenever I see a chart.
There's that objectivity!
Back to your counter-theory. You're saying that a hedge fund wouldn't invest in BSV because investors would be concerned about the blurb you posted? That's not the world I know. The world I know is where investors have no feelings or moral obligations and just want to make money. They don't even care if their manager is shrooming for gains. Legality is the only hurdle they care about. I think Elon Musk is the biggest fraud in America today, but I'm still riding the DOGE trade....
I'm saying that the compliance department of established hedge funds will look at that blurb United States Federal Court Order along with all of the other allegations of fraud and say no way are we putting our neck out there for a crypto so entwined with Craig. Crypto in general is hard enough for them to get into but BSV would be a legal & regulatory nightmare for them. Even BSV specific funds (ie: Unbounded Capital) better have significant risk disclosures around Craig's reputation and specifically the United States Federal Court Order noting that Dr. Wright has given perjured testimony and submitted forged documents to a United States Federal Court. If they don't they risk losing twice if BSV doesn't pan out, first on the capital invested and second on the inevitable investor lawsuits. And after that, good luck finding a job in the industry again. So the idea that the hedge funds of NYC are now starting to load up on BSV doesn't hold any water but I guess we'll see over the coming weeks.
Also if the thesis is that BSV is the real Bitcoin and Craig is Satoshi you would assume the fund will be buying up BSV and holding. Why would I pay someone 2/20 to do that when I can do it myself?
Having done a deeper on how Unbounded expresses their BSV thesis I recant this statement although they do seem to be more of a venture capital fund. Also I guess Bittrex being the only place for US investors to buy BSV could enable a fund to buy and hold BSV and collect investor fees.
{quote} There's that objectivity!
You must be a hell of an investor to be laughing at me. There's a million dudes on Twitter and Reddit who think like you, maybe you should hang with your people rather than junk up my thread.
Edited at 10:46am Oct 9, 2021 9:18am | Edited at 10:46am
JackJones
Joined Aug 2005 | Status: 888 | 1,011 Posts
meh BTCmailman: crypto forgets that we are anti wall street funding, so anything that doesn't 'cut it' in their eyes isn't a bad thing, so if you like compliance then go buy an ETF- brought and sold for is the great pity of this 'crypto saga' and the creator/creators are irrelevant in the great scheme of a new economy as the idea existed long before
grist for the mill
Oct 10, 2021 2:32pm Oct 10, 2021 2:32pm
I wouldn't call this 'unusual strength' since BTC is also in the green, but I don't think the theory is dead just yet. The blip to $187 is encouraging. Tomorrow will be telling.
Welp, it was fun while it lasted.
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Oct 13, 2021 12:23pm Oct 13, 2021 12:23pm
We're back to waiting for the trend in black wool coats.
This is a tough listen for an economist. Adrian is reinventing the wheel and magic thinking at the same time! He's got dreamy new solutions to problems that we solved long ago. And Phillip is going right along like everything's cool. This must be what it's like for a doctor to listen to an anti-vaxxer.
Anyway, just posting to show there's some cryptomagic freedom fighting in BSV too.
Oct 20, 2021 11:00am Oct 20, 2021 11:00am
cryptocow
Joined Aug 2018 | Status: Member | 939 Posts
This is a tough listen for an economist. Adrian is reinventing the wheel and magic thinking at the same time! He's got dreamy new solutions to problems that we solved long ago. And Phillip is going right along like everything's cool. This must be what it's like for a doctor to listen to an anti-vaxxer. https://www.youtube.com/watch?v=8CwaMZqDRss Anyway, just posting to show there's some cryptomagic freedom fighting in BSV too.
So he wants to build a hippy commune in the desert and use BSV as the medium of exchange? A true visionary.
not being on the major exchanges might be helping it as it doesnt seem to get dumped as quickly or easily
Fkbsv
| Joined Oct 2021 | Status: Member | 32 Posts
Hey Mr Goat found you through a weird rabbit hole. Wasn't sure if PMs work here. I wondered what the most convincing evidence was during your long hunt for Satoshi. I have spent a ton of time doing my own research and as the Kleiman trial is approaching I would love to share puzzle pieces and see if there is knowledge that is new to one of us Will read the thread tomorrow.
Came here by accident but had a laugh reading this rabbit hole https://cryptocassandra.medium.com/w...p-378490ce854d
Mr Goat maybe you get good chuckles out of it as well. I promise it is worth reading till the end
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