BREAKING: The Department of Justice has charged and arrested the
@SamouraiWallet
co-founders with "conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business."
Bitcoin people will tell you Ethereum sucks
And Ethereum people will tell you bitcoin sucks
But you will find both coins in all of these peopleโs wallets
Extra: All this information is public and stated in the linked documents. I have no affiliation with either party, but find it interesting given ConsenSys place in the larger ecosystem.
Takeaway? One of Ethereum's most important VC firms is about to go thru a messy legal ordeal. It could have implications for every founder, project and token involved.
10/10
Overwhelmed by the amount of info requests from various tribes across the US and Canada following this documentary.
#Bitcoin
is sovereign money. Thank you to the Navajo Nation,
@LuxxfolioH
and so many others for making this possible.
BREAKING:
@FoundryServices
will 'isolate' the
#Bitcoin
Halving 'Epic Sat' and redistribute profits to its pool clients.
Every mining company is now an Ordinals company.
Luke loses all his bitcoin and immediately a top 50 US bank sponsors his new project that actively censors transactions but sure heโs not captured by the establishment
"A silent financial revolution is occurring on Navajo land, and itโs fueled by the growth of a new industry: Bitcoin mining."
Read my Op-Ed in
@BitcoinMagazine
on why the Navajo Nation is adopting Bitcoin mining!
So, Swan is suing its former employees for 'stealing' its alleged $1B mining business.
If you havn't been paying attention to mining this might be a bit confusing so here's a thread ๐
BREAKING: Swan sues former consultants and executives for attempted โ'rain and hellfire'" plan to steal Swanโs billion-dollar Bitcoin mining business" in coordination with investor and JV partner Tether.
(Source in reply)
Gupta further alleges that she left ConsenSys after numerous cases of โmisogyny,โ โhard drug use,โ and "illegal payments.โ She didn't want to leave. She had to, and shouldn't be penalized for it.
5/10
@KavitaGupta19
was a general partner at ConsenSys alongside
@ethereumJoseph
. She managed a fund from $13.5 million to over $300 million from 2017 to 2019, until she resigned to teach at Stanford.
2/10
In a new lawsuit from last month, Gupta alleges Lubin won't pay so he can keep the carry. As the other GP, he would be entitled to the profits (and not ConsenSys).
โจpersonal newsโจ
Friday was my last day
@compass_mining
!
I left media last bull cycle to get the full crypto startup experience, and it didnโt disappoint.
For now, Iโm taking a break while working on a few projects with friends.
According to a separate filing after Guptaโs, ConsenSys alleges Gupta lied about degrees from Harvard and MIT, a job at McKinsey, space tech patents and even a stint with NASA (!!!). ConsenSys claims Gupta presented fabricated documents to back up her claims.
7/10
The curious part is the time discrepancy between the "resume fraud" being discovered, and her leaving the firm. The court will have to weed its way through two different time lines.
9/10
ConsenSys claims Gupta lost her carry after the โfraudโ was discovered. With her suit, ConsenSys is now countering, asking for her salary, bonuses and any equity given back.
8/10
one year anniversary of self-employment
grateful to the dozens of people who've helped me pull it off
from late night Telegram text threads to sponsorships and moreโfeeling grateful
Chase kicked us out for being a
#Bitcoin
company
Nice to see
@TheStreet
pick it up! We don't mine bitcoin, though! Self-mining is a conflict of interest against our retail plebs โ๏ธ๐งญ
The future of
#bitcoin
mining could be the deep blue sea.
Wonder who will be the first bitcoin miner to connect a Tidal Turbine to an S19?
๐คฏ๐คฏ๐คฏ
Beyond excited to announce I've joined the
@compass_mining
team to head up a new content powerhouse with
@zackvoell
.
Give us a follow for industry specific research, data and the occasional good tweet from Zack.
Not only that, the mine uses renewable energy from the abundant Navajo sun. Nearby cities used to take Navajo energy (coal) off the reservation.
But the Bitcoin mine uses Navajo energy on Navajo land for Navajo employment.
"Riot told investors its electricity cost in 2022 was 2.96 cents per kilowatt-hour.
By comparison, the average price for other industrial businesses in Texas was 7.2 cents. For residents, it was 13.5 cents."
gotta be the stupidest line in the NYT article
After close to two years covering everything from bitcoin price action to the weeds of eth2, today is my last day reporting at
@coindesk
.
I can't express my gratitude for this team enough and I expect more dominance from them in the future.
who will sponsor me to make Mr Beast style content for Bitcoin mining
- how many stationary bikes to run a miner
- how many solo miners to plug in before we find 1 BTC
- 7 days stranded in a bitcoin mine
Went to the
@galaxyhq
Bitcoin mine this past week. Really impressed with the engineering feat by
@_amanda_fab
and the team. Coolest part by far was the horn that goes off every time they mine a coinโhavenโt seen another facility install that.
We're publishing the first ever interview with
@swan
Mining tomorrow:
- stealth launch of 4.5 EH/s
- energy, partners, ASICs and infra
- halving and going public
Subscribe to the newsletter to get it directly to you inbox
๐
Bitcoin adoption remains small in Navajo Nation. But the mine is a physical reminder of alternatives to the US dollar and government money monopoly that has haunted the Nation for decades.
Everyone can mine
#Bitcoin
In 2017, the Navajo began mining Bitcoin with the help of a Canadian firm. This year the mine doubled in size and now hosts some 3,000 machines. It's also hiring local Navajo to run the facility.
The Navajo and the US have a complicated, one-sided history.
In 1868, the Navajo agreed to live under US rule. The results speak for themselves ๐
-48% average unemployment
-30% live without basic utilities
- 30% live below the poverty line