I Threw Away $4.8M in Bitcoin Hacker News

A Market Liquidity Theory of the Current Financial Crisis

Huge update from the Fed this morning: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm
I'm not going to have a chance to look through this in detail this morning, but it looks like the Fed might be engaging in a massive loan program and taking just about anything as collateral.
This is going to be a long post and analysis that I have written as much to get my thoughts in order as much to post on here for any feedback or criticism.
Essentially, like many on here, I do not believe that the current situation is a temporary down-turn, but a full blown financial crisis. We have already been hit with the initial shock of this crisis, so the question becomes: what comes next? Helping us understand what is fundamentally happening in the market will aid in making intelligent future predictions and investments. That leads to the question: what exactly is happening in the market right now? What caused us to suddenly drive off a cliff? And is there any way we can save it? Unlikely many here, I do not believe that COVID-19 is the actual underlying crisis. In my opinion, our economy was basically the end stages of a Jenga game, and COVID-19 is just the swift breeze knocking the whole thing over.
As I started looking for the next big market move, I started to wonder who was going to feel the most pain in these markets. Some reading led me to the thought that what we were seeing in the markets was a liquidity issue, and that companies with poor credit ratings will be most affected. I posted about this a couple of days ago, and several others came to the same conclusion as me. 1 2 3. There are other obliviously other problems in the market at the moment, but this analysis will focus on this problem in particular.
I now strongly believe that this hypothesis was correct, even if my initial reasoning and analysis was flawed. I outline a theory, followed by some supporting evidence, and finally some speculation. Finally, I don't think the Fed understands the actual problem the market is facing right now, nor does it have the tools to deal with it.
There are three prerequisites here: repos, collateral transformation, and rehypothecated collateral
Variation-Separate has already written an excellent technical analysis, and explains repos in part I. I will assume you have already read that section. 2
The basic idea behind collateral transforms is this: Your company needs some short-term liquid cash. In order for someone to give you this cash, you need collateral. You only have risky assets (such as junk bonds), but no one will accept them as collateral precisely because they are risky. Everyone in the market wants a secure asset (such as a Treasury). Instead of giving up, you go out and find someone who will loan you their Treasury and accept your junk bonds as collateral. You then use that Treasury to obtain the cash you need. This process can be repeated among many parties in order to create a "collateral chain".
Finally, we have rehypothecated collateral: Someone comes to you and wants to borrow an assets for a short period of time (such as a stock). They give you another asset (such as cash) as collateral in exchange for the stock. You know the borrower won't be back to collect this collateral for a while, so you invest that collateral to make money off of it in the meantime.
As Variation-Separate explains, there have been problems in the repo market recently, and the Fed has acted as the believe appropriate. However, this is not the first time the Fed has run into this problem . In fact, we had a problem a problem in the repo market just in Sept 2019 and "Not only did the spike in the repo rate come as a surprise to the New York Fed, but they also haven't been able to normalize it as quickly as they thought they could". Finally, let's consider that even though the fed has offered to pump massive amounts of liquidity into the market, banks aren't taking it and are quickly repaying that which they do take.
What exactly is going on then? The Fed tries to pump liquidity into the economy, and nothing happens. The reason for this is that the Fed knows that it doesn't understand the underlying problem in the market, and knows that is powerless to stop it. The Fed is trying to unleash every tool in its toolbox on the hope that if it just throws enough money into the market, eventually the problem will go away.
So what is the root problem? Essentially, liquidity. More specifically, collateral transformations and rehypothecated collateral. In fact, this has been written about extensively: 4 5, with Snider in particular making a strong case that today's crisis fits the analysis of the collateral markets that he provided in 2018: 6
How are collateral transformations and rehypothecated collateral affecting liquidity in the markets? There are numerous ways, but let's start with 2:
Let's say someone gives you cash as collateral, and you rehypothecate it as described in the example. However, instead of putting the cash in a safe asset, knowing you have to repay it, you put it in a very risky, high-yield asset such as a junk bond or MBS. Things go wrong, you lose your money and can't pay back your end of the repo. This is exactly what AIG did during the 2008 crisis. 7
Now let's say you engage in a long chain of collateral transformations. You start with a really risk assets, trade that for a sligtly less risky asset, trade that for a moderately risky asset, etc, until you eventually get a pristine asset. Now anyone along that chain can rehypothecate their collateral into some risky investment, causing a huge number of problems. Not to mention that if you, for some reason, can't fulfill your end of the repo, you screw a whole chain of people who have traded with you.
Now, if we are in a strong market, these problems won't arise too often. But what happens if, say, a virus comes out of now where causing wide-spread economic disruptions? Now, maybe those risky investments that would have paid out more often than not aren't pay out at all, causing systemic problems.
Now let's add a couple of things that exacerbate this problem even further:
These chains get so complicated that no one even knows who owns which assets anymore 4
When these chains collateral transformations start to fail, people may become less willing to take the risk of engaging in them 5
All of this caused heavy regulation on the exchange of collateral by primary lenders after the 2008 crisis. This has pushed these transactions into dark markets where we don't really understand what is going on. Here is my hypothesis, heavily taken from Snider's analysis:
Corporations have become heavily reliant on short-term lending for liquidity. However, most of them don't have pristine assets to exchange for cash, or DisneyBucks to float them through hard times. So what to do? You engage in collateral transformations: keep exchanging your junk assets until you get the pristine assets you need to get liquid cash. A bunch of corporations do this over and over again, and eventually they really don't have a clear of idea of what assets they really own.
Further, in these collateral chains they are rehypothecating collateral to make a quick buck. All is well, until this virus comes along. Suddenly, corporations are losing their collateral in these risky investments. Further, they need cash. The first thing they do is try to transform their collateral for short term liquidity. However, a bunch of people have just lost their money playing this game and don't want to play anymore, so it becomes more difficult and expensive for the companies to engage in these collateral transformations. The assets they have are worth less, so they have to sell other assets to compensate. However, everyone is doing this at the same time, devaluing the assets. Devaluation of assets makes it even more expensive to engage in collateral exchanges, and the cycle continues. Finally, when these companies take account of their actual assets, after all of these complicated exchanges, they realize they don't actually own what they think they own, creating additional panic when they are already in crisis mode. This causes huge turmoil, and the markets fall off a cliff.
If this theory is correct, what will we see next? Whether the markets will go up or down is dependent on too many factors to predict. However, I do have some speculation. First let's categorize corporations as follows:
Type I: Safe
Large banking institutions
Large P-1/A-1/F1+ Companies
Companies with huge cash reserves
Type II: Possibly Safe
Small businesses
"Essential" business (i.e., Boeing)
Type III: Doomed
Business with >500 employees, no large cash reserves, not P-1/A-1/F1+
The self-employed
Type I businesses will certainly weather the storm. If they don't have the direct support of the Fed, they have large cash reserves on hand. If they don't have large cash reserves on hand, they have the credit rating to make use of corporate paper. They can find the short term funding needed to make it through this.
Type II businesses may be safe depending on the government response. I am currently underwhelmed by the "support" for small business in the stimulus bill, but there seems to at least be talk about this so maybe things will change. "Essential" businesses may receive a bailout to get them through tough times.
Type III businesses are completely screwed, no one seems to know they are even there. They won't qualify for support as "small businesses", and they have no way of obtaining liquid assets in this market. In particular, the larger businesses don't have the pristine assets to obtain liquidity in these markets, they are dependent on collateral transforms.
I won't predict whether the markets will go up or down this week, next, etc. But I will speculate this: I think the calm we saw in the markets was an actual calm. I think there was panic as businesses tried to obtain liquidity. They now believe they have the liquidity to make it through the near future, and are satisfied. There could be fire-sales in the near term for other reasons, but I don't think short-term liquidity will be the cause. However, most corporations don't speculate very hard when it comes to the future: they listen to the "experts". And these "experts" in government and the financials have been predicting doom and gloom for the next couple weeks, but that things will "bounce back" afterward. This is flatly false. As this becomes more apparent to these companies, I think we'll see another run on the market.
Particularly, it will be the large Type III business that will be the most vulnerable. They won't have any government stimulus support, and they won't have access to their normal modes of obtain cash. The last panic in the markets pushed bond yields so high that issuing new bonds will be completely out of the question. For them, it will be like a game of chess where your 4 moves away from being mated no matter what you do. Many of them will decide that bankruptcy is the best option in front of them.
Can the Fed prevent this? I don't think so. The Fed has the ability to soak up P-1/A-1/F1+, but they can only do this through the banks. But the banks aren't the ones in trouble this time, its the market itself. I have not read anything that leads me to believe that the Fed would be able to purchase junk assets from non- P-1/A-1/F1+ corporations without an act of Congress, and Congress is too slow and incompetent to see this problem coming or fix it in time. The Colosseum will be protected as Rome burns around it.
Sorry for any typos, poor wording. This was a long post.
submitted by the_asker_man to wallstreetbets [link] [comments]

I ruin people’s lives for fun, this is my story. [Chapter 3]

Chapter 1
Chapter 2
Good morning. It is currently 9 in the morning, and I am just finishing up my coffee at a local shop. I always get the same thing: A large iced coffee with 4 ice cubes and 2 packets of sugar. That concoction makes it the perfect temperature to enjoy.
I tend to do everything by routine, because I like to think it makes me more organized if I do it that way. Life is just a whole bunch of patterns someone has yet to figure out.
I was looking more into Jason’s assets and accounts. I came across something that made me laugh. He has been paying Kiley $1,000 every week. So from my observations, Kiley looks like an escort.
I think that this is helpful, because now I know that she doesn’t have a trustful relationship with him. I mean the money was being paid to the website to hire escorts. I really don’t care about Kiley though. She isn’t important to the game anymore.
I have to go to work in about an hour so I need to finish this up pretty quickly. I wanted to make the process of fucking with Jason long. I went on the dark web for a minute to see if I could come across a device that could withdraw money via ATM from previous accounts that had been connected to said ATM.
If that made any sense, my plan would be to buy this tool, and steal money from Jason’s account. I know I used bitcoin for the last one, but I thought this would be more eventful. I wanted more hands-on experience if you know what I mean.
I forgot to mention that I saw that Jason had a permit for concealed carry, so I need to keep this in mind.
After searching on a couple of the markets that I have accounts with, I finally came across it. It was around $200. I just went ahead, and used the funds that were already on my account to purchase it. It says that it ships domestically, so it should be here in the next few days. I will continue with this update after I get done with my shift.
I have just finished my shift, and I'm exhausted from how pestering my boss is. That prick just loves his sales quotas.
I got a confirmation letter from the vendor to my private email saying:
Your purchase was confirmed and the shipping process will now begin … thanks for doing business.
Fantastic! Now we can get to the fun part. I wanted to look more into his odd transaction with a car wash in Florida. I looked up the car wash, and it was only 2 miles away from Jason’s vacation home. I went ahead and called.
Some women picked up, “JJ’s car wash … how may I help you?"
I replied with, “Good, good. I was just wondering if I could get in contact with the owner? I wanted to come over, and do an evaluation on the value of the land … Is he there right now, or could you possibly give me a phone number to reach him?”
She hesitated, and said, “Uhhh, I'm sorry, sir, I'm not really sure if I can give that info out. Let me ask my manager.”
I interrupted her with, “No, that won’t be necessary. Just give me his email, and I’ll send him the information myself. Thanks.”
She said, “Sure … it's [email protected][redacted].com”
I hung up saying, “Thanks so much for your help. It means a lot. Thanks.”
Some people are just so oblivious to the world that they’ll believe anything they hear. Well, I guess I shouldn’t be complaining because that email is the same as Jason's. He owns some little car wash near his house in Florida. I wanted to look more into this, but thought that for right now it's a waste of time. (Added "that". Apostrophe on "it's", because it's= it is.)
Well, I went ahead and drove over to the nightclub Jason goes to every Wednesday night to see what he was up to there. I disguised myself as much as I could. I mean there were a lot of people here so no one would notice me unless I was face to face with them. I had a hat on and a hoodie. I just looked down at the floor as much as I could. I followed Jason in after he arrived with his driver. He went upstairs where VIPS are only allowed. I kept an eye on him for a while. He then disappeared to a back room which had me curious. I needed to figure a way to get upstairs without anyone questioning my authenticity. I went to the back room where I guess the staff gets ready. I found this work shirt that was black and an extra pair of pants that were a size too big. I had a belt on me so that wasn’t an issue and I put on the clothes and now I looked like a waiter. I went to the bar and said I needed 6 “on the rock” martinis and handed her a tray to put them on. She asked, “You work here?” I said, “Yeah, new … these are going upstairs so make it quick.” She nodded and proceeded to make the drinks. She handed me the tray and I carefully made my way up to one of the security guards at the stairs. I looked at him and said, “These are to go up to Mr. Peterson?. He looked at me up and down and waved his hand towards the stairs allowing me to go. I walked up the stairs with the tray in my hands and walked through the back door that Jason had recently disappeared to. I saw a few ladies that were all intoxicated and a couple of men sitting on the couch. There was a nice electric fireplace next to a computer desk that wrapped around the corner of the room. It was a decently big room with a minibar as well. I walked over towards the men. I said, “Excuse me gentlemen but, I have 6 martinis ready to drink in my hand.” I could tell that they all have been drinking because of the way they were slurring their words. Jason spoke up and said, “Perfect thank you … here’s a tip” handing me a $100 bill I took the money and pocketed it saying, “Thank you .. if you need anything else please call down to the bar.” I walked out. That room was soundproof as well because when I walked out my ears were rushed with loud music from the dance floor. I saw another door to my right and my curiosity peaked and I walked through. It was this long hallway and a little red sign saying “Exit”. Nothing special here so I just walked out back downstairs. I went ahead a walked over to the security guard and asked him something, “Which one of those guys is the owner?” He replied with, “You should know this … Mr. Peterson just took over ownership a few weeks ago.” This caught me off guard and I said, “Oh right … thanks.” I was mind blown because of how many properties this guy owned. Where was he getting all of this money … I mean I know that he owns a security company but, 2 houses, 3 companies that all pay in cash, a personal driver, large bank transactions. All of this wasn’t adding up. I went online and did some research.
I have the suspicion that Jason is laundering money through his businesses. I don’t know who he is cleaning money for but, it’s probably someone who doesn’t want their money fucked with. This could be an issue because if I fuck with Jason’s life and his financial situation that someone else could be looking after him. I don’t fear anyone will find me because I make sure I do everything very securely. I should be getting the atm snipping tool soon and hope to make a move on Jason and uncover his dirt. I’m getting excited just writing this right now knowing that I could possibly ruin not just Jason's life but his whole operation. Before I do begin my adventure I need to make a couple of precautionary steps. I logged onto the dark web and found a trustful hacking service. I would never hire someone to hack unless I didn’t have the skills to do the task. I mean if somehow I turned up dead my plan would still carry out. So I found someone who could “ruin” his life. I’ve been chatting with him now to see what type of services he offers and I found one that fits my purpose. I also told him I wouldn’t buy unless I failed my game, which means death. He understood and told me how it would work. He said I would need to put the money in escrow and I told him if I don’t respond within 2 weeks that the money will be sent automatically. By putting the money in escrow it means I can’t take it out and he can’t accept the payment unless all conditions are met with a third party. I set up a zombie computer to be the third party. Usually the vendor or market your on will have an escrow system but, I wanted to make sure that he would certainly get the money if anything happens to me. So I set the zombie and sent the escrow away. The payment was $600 to do whatever was necessary to either ruin them financially or put them in jail. This hacker could make them be known as a child porn user by encrypting his computer with files that would have him arrested. I was thinking of this option or go to a darker market which would put a price on Jason’s head.
Now that this was all set up I could move on and take Jason’s money. I watched him after work for a few nights to see if he would use an atm. He was at a little food market having lunch and used the atm to withdraw $40. I know this because my little tool tells me. So I watched him from across the street to see when he left. He left after eating and walked back to his car where his driver was waiting. They drove off and I waited about 5 minutes before doing anything. Atm machines have cameras so I needed to cover my face before hacking his account. I checked which account he withdrew from before going inside since I had access to his computer passwords. The account he used had approximately $12,000 in it. I knew going into this that I would only withdraw a couple thousand because I didn’t want the bank instantly freezing his account even though after he noticed, he would call and tell them. So I set up a script that would take $10,000 through tiny transactions with bots and have them located from all over the world so it wouldn’t be able to trace back to me. It would then compile the transactions back to an offshore account that I made. I would set this into action as soon as I withdrew the $2,000 in cash from the atm. This would leave Jason with $0 in his one account. I knew that he had other accounts but, the one that I was targeting had the highest balance.
I put on a bandana and some dark sunglasses with a hoodie on and walked inside. I got myself a little drink and paid in cash making sure to keep my fingers off the handle. I then went over to the atm and placed the tool where you put the card in. It loaded up this menu on the screen and it listed a couple of names from the recent customers that withdrew money. I clicked the arrow down to “Jason Peterson” and typed in the box that said “Custom amount” $2,000. It then went to another screen saying “Please remove your card before money dispenses.” I removed the tool and out came Jasons 2 grand. I put it in my wallet and walked out to my car. I made sure to park in a parking lot that was decently empty with no cameras to catch my plate. I pulled out my phone and went to the Facebook marketplace. I was feeling a new laptop right about now so I started scrolling through. I found one that matched my needs and messaged the seller, “Hey, I am interested in your listing … could we meet today?” He replied back pretty quickly with, “Sure, let’s meet at the [redacted] Starbucks!” The laptop was listed for $250. I told him I would pay in cash and I would be there in 20 minutes. I went to the Starbucks and met with the guy selling it. He was a nice guy who told me he just upgraded so that’s why he was selling it. I asked him to turn it on to make sure it works, which it did. I handed him the cash and wished him well. I walked outside and got into my car. I pulled around to the drive-through and got myself a large coffee with extra cream and sugar. After I got my coffee I went home and got a call from my boss asking where I was today. I told him that I really didn’t feel like working today which he replied telling me to not come back tomorrow and I was finished working there. I had a pretty big smile on my face at this point because now my time would be devoted to ruining Jason’s life.
I poured myself a nice glass of whiskey to end off the night right. I mean this would be the perfect time to celebrate. I just got fired and have over 10 grand in my pocket. I don’t want to get ahead of myself yet. It has been a couple of days since I sent that money in escrow and if I don’t get my job done before the 2 weeks are over then someone else will do it for me. This was like a tiny challenge in the midst of the much bigger challenge. Look at this way. I want to take credit for ruining Jason’s life or all of my work will go to waste. I mean the dark web hacker isn’t watching Jason’s every move and reading him like I was. All he had to do was sit on his ass and type on a computer. In this day and age that’s all you need. Hell, that’s how I ruined Connor’s life. I told you from the beginning that I wanted to up my game. I had the proper funds now to really up my game. In the morning, I went to go to a local Walmart to pick up a few things. I wanted to make a homemade suppressor. I was looking at the prices on the dark web but, if I could save some money doing it, then why not right? So I looked up how to make a homemade suppressor and picked up the right supplies to make it. You need some PVC pipes, steel wool, a drill, and a few other things and you got yourself a suppressor. It didn’t take to long to make and it fits real snug on my .50 caliber sniper rifle. No, I wasn’t going to kill Jason because that would be too easy. I wanted to fuck with him a little longer before really getting down and dirty. Pull his strings like a puppet if you will. My plan was this. I would find a time where Jason was alone and I would call him. I would tell him if he wanted his money back that we would have to meet. I would specify that he and only him would come and if anyone else was to show that his funds would be long gone before he ever got there. I would then drug him with chloroform and take him to a secluded place where no one would find us. I would then tell him to give up all of the information on the people he works for or he and Kiley dies. I thought to introduce that I know Kiley that it would motivate him a little more. Just the strings in his life. If that didn’t work my plan would be to tell him that the police were raiding his house for child pornography which I downloaded on his computer. I would show him his files from my laptop remotely to prove it and if that didn’t work we would figure something else out.
I wanted to move forward with this as soon as possible. I grabbed my car keys and headed out the door. Today I wasn’t going to do anything with Jason. Today I needed to shop. While I was at Walmart this morning I grabbed some bleach and rubbing alcohol to produce the chemical chloroform which would make Jason unconscious. I also picked up some latex gloves for prints. I bought myself a burner phone at a gas station near my apartment too. Now that I have all of my supplies I headed over to a Starbucks. I ordered my usual large coffee with 4 ice cubes and 2 packets of sugar. I brought my new laptop with me and connected it to the free wifi. This laptop wouldn’t be coming home with me. I was going to use this laptop to connect me to Jason’s stock portfolio. After I hacked into it I would sell all of his stocks that were a part of any company he owned leaving him with nothing in return. Basically sweeping the owner's name tag out from under his feet. I would then corrupt the hard drive and throw the laptop in the dumpster. After this, it was time to burn everything he owned to the ground. I wanted to leave him and the people he worked for with nothing in return … absolutely nothing.
submitted by idonthavemuchtime12 to mrcreeps [link] [comments]

[Part 1] KAVA Historical AMA Tracker! (Questions & Answers)

ATTN: These AMA questions are from Autumn 2019 - before the official launch of the Kava Mainnet, and it's fungible Kava Token.
These questions may no longer be relevant to the current Kava landscape, however, they do provide important historical background on the early origins of Kava Labs.
Please note, that there are several repeat questions/answers.

Q1:

Kava is a decentralized DEFI project, why did you implement the countries restrictions to run the node? Will there be such restrictions by the time of the mainnet?

Q2:

According to the project description it has been indicated that staking reward (in KAVA tokens) varies from 3 to 20% per annum. But how will you fight with inflation?

We all know how altcoins prices are falling, and their bottom is not visible. And in fact, we can get an increase in the number of tokens for staking, but not an increase in the price of the token itself and become a long-term investor.

  • Answer: Kava is both inflationary with block rewards, but deflationary when we burn CDP fees. Only stakers who bond their Kava receive inflationary rewards - users and traders on exchanges do not get this. In this way, rewards are inflated, but given to stakers and removed value from the traders who are speculating like a tax. The Deflationary structure of fees should help counterbalance the price drops from inflation if any. In the long-term as more CDPs are used, Kava should be a deflationary asset by design if all things go well

Q3:

In your allocation it is indicated that 28.48% of the tokens are in the "Token treasury" - where will these tokens be directed?

  • Answer: Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released.
  • No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q4:

Such a platform (with loans and stable coins) is just the beginning since these aspects are a small part of many Defi components. Will your team have a plan to implement other functions, such as derivatives, the dex platform once the platform is successfully launched?

  • Answer: We believe Kava is the foundation for many future defi products. We need stable coins, oracles, and other infrastructure first that Kava provides. Once we have that, we can apply these to derivatives and other synthetics more easily. For example, we can use the price feeds and USDX to enable users to place 100x leverage bets with each other. If they both lock funds into payment channels, then they can use a smart contract based on the price feed to do the 100x trade/bet automatically without counter party risk. In this way, Kava can expand its financial product offerings far beyond loans and stable coins in the future.

Q5:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer: This is a good #Q . Kava simply provides loans to users in USDX stable coins. What the users do is completely up to them. They can use the loans for everyday payments if they like. Leverage and hedging are just the main use cases we foresee - there are many ways people can use the CDP platform and USDX.

Q6:

Most credit platforms do not work well in the current market. What will you do to attract more people to use your platform and the services you provide? Thank you

  • Answer: Most credit platforms do not work well in the current market? I think that isn't correct at least for DeFi. Even in the bear market, MakerDao and Compound saw good user growth. Regardless, our efforts at Kava to build the market are fairly product and BD focused. 1) we build more integrations of assets and expand financial services to attract new communities and users. 2) we focus on building partnerships with high quality teams to promote and build Kava's core user base. Kava is just the developer. Our great partners like Ripple, Stakewith.Us, P2P, Binance - they have the real users that demand Kava. They are like our system integrators that package Kava up nicely and present it to their users. In order to grow, we need to deepen our partnerships and bring in new ones around the world.

Q7:

KAVA functions as a reserve currency in situations where the system is undercollateralized. In such cases new KAVA is minted and used to buy USDX off the market until USDX becomes safely overcollateralized.

Meaning, there will be no max supply of KAVA?

  • Answer: Yes, there is no max supply of Kava.

Q8:

Why Kava?

  • Answer: ...because people are long BTC and the best way to go long BTC without giving up custody is Kava's platform. Because it is MakerDao for bitcoin. Bitcoin has a 10x market cap of ETH and Maker is 10x the size of Kava. I think we're pretty undervalued right now.

Q9:

How do you plan to make liquidity in Kava?

  • Answer: Working with Binance for the IEO and as the first exchange for KAVA to trade on will be a huge boost in increasing the liquidity of trading KAVA.

Q10:

Most crypto investors or crypto users prefer easy transaction and low fees, what can we expect from KAVA about this?

  • Answer: Transaction fees are very low and confirm if seconds. The user experience is quite good on Tendermint-based blockchains.

Q11:

How do I become a note validator on KavA?

Q12:

It is great to know that KAVA is the first DEFI-supported project sponsored by Binance Launchpad, do you think this is the meaning that CZ brings: Opening the DEFI era, as a leader, you feel like how ?

  • Answer: We are the first DeFi platform that Launchpad has supported. We are a very strategic blockchain for major crypto like BNB. Kava's platform will bring more utility to the users of BNB and the Binance DEX. It feels good of course to have validation from the biggest players in the space like Cosmos, Ripple, CZ/Binance, etc.

Q13:

Since decentralized finance applications is already dominating, how do you intend to surpass those leading in the market?

  • Answer: The leaders are only addressing ethereum. BTC, XRP, BNB, ATOM is a much larger set to go after that current players cannot.

Q14:

What does Ripple play in the Kava's ecosystem, since Ripple is like a top tier company and it’s impressive that you are partnered with them?

  • Answer: Ripple is an equity investor in Kava and a big supporter of our work in cross-chain settlement research and implementations. Ripple's XRP is a great asset in terms of users and liquidity that the Kava platform can use. In addition, Ripple's money service business customers are asking for a stable coin for remittances to avoid the currency heading risk that XRP presents. Ripple will not use USDC or other stable coins, but they are open to using USDX as it can be XRP-backed.

Q15:

Considering the connectivity, Libra could be the biggest competitor if KAVA leverages interchain for efficiency.

  • Answer: With regard to USDX, it is important to understand the users interacting with the Kava blockchain have no counterparty that people could go after for legal actions. A user getting a USDX loan has no counterparty. The software holds the collateral and creates the loan. The only laws that would apply are to the very users that are using the system.

Q16:

Wonder how KAVA will compete with the tech giants

  • Answer: Libra is running into extreme issues with the US Senate and regulators. Even the G7-G20 groups are worried. Its important to understand that Libra is effectively a permissioned system. Only big companies that law makers can go after are able to run nodes. In Kava, nodes can be run by anyway and our nodes are based all over the world. It's incredibly hard for a law maker to take down Kava because they would need to find and legally enforce hundreds of business in different jurisdictions to comply. We have an advantage in this way over the larger projects like Libra or Clayton.

Q17:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Technical risk is unavoidable for DeFi. Only time will tell if a system is trustworthy and its never 100% that it will not fail or be hacked. This is true with banks and other financial systems as well. I think for DeFi, the technical risk needs to be priced in to the expected returns to compensate the market. DeFi does have a better user experience - requiring no credit score, identity, or KYC over centralized solutions.
  • With our multi-collateral CDP system, even with it overcollateralized, people can get up to 3x leverage on assets. Take 100 USD in BTC, get a USDX loan for 66 USDX, then buy $66 BTC and do another loan - you can do this with a program to get 3x leverage with the same risk profile. This is enough for most people.
  • However, it will be possible once we have Kava's CDP platform to extend it into products that offer undercollateralized financial products. For example, if USER 1 + USER 2 use payment channels to lock up their USDX, they can use Kava's price feeds to place bets between each other using their locked assets. They can bet that for every $1 BTC/USD moves, the other party owes 3x. In this way we can even do 100x leverage or 1000x leverage and create very fun products for people to trade with. Importantly, even in places where margin trading is regulated and forbidden, Kava's platform will remain open access and available.

Q18:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Kava believes that stable coins should be backed not just by crypto or fiat, but any widely used, highly liquid asset. We think in the future the best stablecoin would be backed by a basket of very stable currencies that include crypto and fiat or whatever the market demands.

Q19:

Compound, maker they're trying to increase their size via the competitive interests rates. THough it shows good return in terms of growth rate, still it's for short-term. Wonder other than financial advantage, KAVA has more for the users' needs?

  • Answer: Robert, the CEO of Compound is an investor and advisor to Kava. We think what Compound does with money markets is amazing and hope to integrate when they support more than just Ethereum assets. Kava's advantage vs others is to provide basic DeFi services like returns on crypto and stable coins today when no other platform offers that. Many platforms support ETH, but no platform can support BTC, XRP, BNB, and ATOM in a decentralized way without requiring centralized custody of these assets.

Q20:

The vast majority of the cryptocurrency community's priorities is symbolic pricing. When prices rise, the community rejoices and grows. When they fall, many people begin to cast in a negative way. How will KAVA solve the negative problem when the price goes down? What is your plan to strengthen and develop the community to persuade more people to look at the product than the price?

  • Answer: We believe price is an important factor for faith in the market. One of Kava's key initiatives was selecting only long-term partners that are willing to work with kava for 2 years. That is why even after 6 months, 0 private investor or kava team tokens will be liquid on the market.
  • We believe not in fast pumps and then dumps that destroy faith, but rather we try and operate the best we can for long-term sustainable growth over time. It's always hard to control factors in the market, and some factors are out of our control such as BTC price correlations, etc - however, we treat this like a public company stock - we want long-term growth of Kava and try to make sure our whole community of Kava holders is aligned with that the best we can.

Q21:

Do you have any plans to attract non-crypto investors to Kava and how? What are the measures to increase awareness of kava in non-crypto space?

  • Answer: We are 100% focused on crypto, not the general market. We solve the problems of crypto traders and investors - not the average grandma who needs a payment solution. Kava is geared for decentralized leverage and hedging.

Q22:

Adoption is crucial for all projects and crypto companies, what strategy are you gonna use/follow or u are now following to get Kava adopted and used by many people all over the world?

Revenue is an important aspect for all projects in order to survive and keep the project/company up and running for long term, what are the ways that Kava generates profits/revenue and what is its revenue model?

  • Answer: We have already partnered with several large exchanges, long-term VCs, and large projects like Ripple and Cosmos. These are key ways for us to grow our community. As we build support for more assets, we plan to promote Kava's services to those new communities of traders.
  • Kava generates revenue as more people use the platform. As the platform is used, KAVA tokens are burned when users pay stability fees. This deflates the total supply of Kava and should in most cases give rise to the value of KAVA like a stock-buyback in the public markets.

Q23:

In order to be success in Loan project of Cryptocurrency, I think marketing is very important to make people using this service without any registration. What is main strategy for marketing?

  • Answer: Our main strategy is to build a great experience and offer products that are not available to communities with demand. Currently no DeFi products can serve BTC users for example. Centralized exchanges can, but nothing truly trustless. Kava's platform can finally give the vast audiences of BTC, BNB, and ATOM holders access to core DeFi services they cannot get on their own due to the smart contract limitations of those platforms.

Q24:

Currently, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the KAVA team plans to implement policies and incentives for KAVA ambassadors?

  • Answer: Yes, we will be creating a KAVA ambassador program and releasing that soon. Please follow our social media channels to learn about it in the coming weeks.

Q25:

Currently there are so many KAVA tokens sold on exchanges, why is this happening while KAVA is going to IEO on Binance? Are those KAVA codes fake or not?

  • Answer: For everyone's safety, please understand Kava tokens do not exist yet and they will only exist starting with the Binance IEO. Any other token listings or offerings of Kava are not supported by Kava Labs and I highly discourage you all from trying to get them there. It is most likely a big scam. Please only trust Binance for this.

Q26:

KAVA have two tokens, the first is called Kava - a governance and staking token; the second is called USDX - an algorithmically managed crypto-backed stable coin. What are the advantages of USDX compared to other stablecoins such as: USDT, USDC, TUSD, GUSD, ...?

  • Answer: USDX is one of the few stablecoins to be fully backed by crypto-assets. This means that we do not deal with fiat to back the value, and thus we don't have some of the issues when it comes to storing fiat funds with banks and custodians. This also makes our product fully digital and built for the future of crypto growth.

Q27:

As a CEO, does your background in Esports and Gaming industry help anything to your management and development of KAVA Labs?

  • Answer: Esports no. But having been a multi-time venture-backed foundeCEO and have gone through the start-up phase before has made creating and running a 2nd company easier. Right now Kava is still small, Fnatic had over 80 employees. It was at a larger scale. I would say developing software is much more than doing the hardware at fnaticgear.com

Q28:

Why did Kava choose to launch IEO on Binance and not other exchanges like: Kucoin, Houbi, Gate, ....?

  • Answer: Kava had a lot of interest from exchanges to partner with for IEO. We decided based on a lot of factors such as userbase, diverse exposure across multiple regions and countries, and an amazing team that provides so much insight into so many communities such as this one. Binance has been a tremendous partner and we also look forward to continuing our partnership far into the future.

Q29:

Currently if Search on coinmarketcap has 3 types of stablecoins bearing the USDX symbol (but these 3 stablecoins are no information). So, what will KAVA do to let users know that Kava's USDX is another stablecoin?

  • Answer: All these USDX have no volume or listings. We will be on Binance. I am not worried.

Q30:

In addition to the Token Allocation for Binance Launchpad, what is the Token Treasury in the Initial Circulating Supply?

  • Answer: This is controlled by Kava Labs, but with the big cash we have saved from fundraising, we see no reason why these tokens would be sold on the market. The treasury tokens are for use in grants, ecosystem growth initiatives, development, and other incentive programs to drive adoption of the platform.

Q31:

How you will compete with your competitors? Currently i don't see much but for future how you will maintain this consistency ? No doubt it is Great and Unique project, what is the main problem that #KAVA is currently facing?

  • Answer: Because our industry is just starting out, I don't like to think of them as our direct competitors. We are all working to grow the size of the pie rather than get a larger slice from a small pie. The one thing that we believe will allow us to stand apart is the community we are building. Being able to utilize our own community along with Cosmos and our other partners like Binance for the IEO, we have a strong footing to get a lot of early users onto our platform. Also, we are also focusing on growing Kava internationally particularly Asia. We hope to build our platform for an even larger userbase than just the west.

Q32:

How do you explain your project to a random person who has never heard of your project?

  • Answer: non-crypto = Kava is a lending platform for users of cryptocurrencies.
  • crypto = Kava is a cross-chain DeFi platform for loans and stablecoins backed by BTC, BNB, XRP, ATOM and other major cryptocurrencies.

Q33:

Will KAVA team have a plan on implementing DAO module on your platform since its efficiency on autonomy, decentralization and transparency?

  • Answer: All voting is already transparent on the Kava blockchain. We approved a number of proposals on our test net.

Q34:

how to use usdx token :only for your platform or you have plan to use usdx for payment ?

  • Answer: Payments is a nice use case, but demand for crypto payments is still small. We may choose to focus here later if demand for crypto payments increases. Currently it is quite small with the bulk of use remaining in trading and speculative use cases.

Q35:

Do you have plans to spread KAVA ecosystem across other continents. if yes, what are the strategies and how can I as a community member contribute to making it possible?

  • Answer: We are already across many continents - I don't think we are in antarctica yet. Africa might be light on nodes as well. I think as we grow on major exchanges like Binance, new node operators will get interested and help decentralize Kava further.

Q36:

Maker's CDP lending system is on top in this market and its Dominance is currently sitting on 64.90 % , how kava will compete will maker and compound?

  • Answer: adding assets like bitcoin which have more value and more users than ETH. It's a bigger market that Maker cannot compete with Kava in.

Q37:

Currently, the community is too concerned about the price. As prices rise, the community rejoice and grow, when falling, many people start throwing negatively. So what is KAVA's solution to getting people to focus on the project rather than the price of the token?

What is your plan to strengthen and grow the community to persuade more individuals to look at the product than the price?

  • Answer: We also share similar concerns as price and price direction is always a huge factor in the crypto industry. A lot of people of course are very short-term focused on flipping for bigger profits. One of the solutions, and what Kava has done, is to make sure that everything structured is for the long-term. So that makes sure that our investors and employees are all focused on long-term gains and growth. Locking vesting periods are part of that alignment. Another thing is that we at Kava are very transparent in our progress and development. We will be regularly posting updates within our own communities to allow our users and followers to keep up with everything we're up to. Please follow us or look at our github if you're interested!

Q38:

How did Kava get on Piexgo?

  • Answer: We did not work with Piexgo. We have not distributed tokens to any exchange other than Binance. I cannot speak to what is going on there, but I would be very wary of what is happening there.

Q39:

Why was the 1st round price so much lower than the current price

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.

Q40:

What is the treasury used for?

  • Answer: Kava's treasury is for ecosystem growth activities.
  • Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released. No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q41:

Everyone have heard about the KAVA token, and read about it. But it would be great to hear your explanation about it. What is the Kava token, what is it's utility? :)

  • Answer: The Kava token plays many roles. KAVA is the native staking token of the Kava blockchain and is used for securing the network. KAVA is delegated to validators, basically professional node operators that run highly-available servers to secure the Kava blockchain. The top 100 validators by weight of staked KAVA earn block rewards that range from 3-20% APR based on the total amount staked in the network. These rewards are split between the validators and the KAVA holders.
  • When users of the platform repay their loans, they must a stability fee (a percentage of the loan) in KAVA tokens. These tokens are burned by the system, effectively deflating the total supply overtime as more users use the CDP system.
  • KAVA is also the primary token used in governance of the platform. KAVA token holders can vote on key system parameter changes and upgrades such as what assets to support, how much USDX in total can be loaned by the system, what the debt-to-collateral ratio needs to be, the stability fees, etc. KAVA holders have a very important responsibility to govern the system well.
  • Lastly, Kava functions as a "Lender of Last Resort" meaning if USDX ever gets undercollateralized because the underlying asset prices drop suddenly and the system manages it poorly, KAVA is inflated in these emergency situations and used to purchase USDX off the market until USDX reaches a state of being over collateralized again. KAVA holders have incentive to only support the good high quality assets so risk of the system is managed responsibly.

Q42:

No matter how perfect and technically thought-out a DeFi protocol is, it cannot be completely protected from any unplanned situations (such as extreme market fluctuations, some legal issues, etc.)

Ecosystem members, in particular the validators on whom KAVA relies on fundamental decision-making rights, should be prepared in advance for any "critical" scenario. Considering that, unlike the same single-collateral MakerDAO, KAVA will be a multi-collateral CDP system, this point is probably even more relevant here.

In this regard, please answer the following question: Does KAVA have a clear risk management model or strategy and how decentralized is / will it be?

  • Answer: Simialar to other CDP systems and MakerDAO we do have a system freeze function where in cases of extreme issues, we can stop the auction mechanisms and return all collateral.

Q43:

Did you know that "Kava" is translated into Ukrainian like "Coffee"? I personally do love drinking coffee. I plunge into the fantasy world. Why did you name your project "Kava" What is the story behind it? What idea / fantasy did your project originate from, which inspired you to create it?

  • Answer: Kava is coffee to you.
  • Kava is Hippopotamus to Japanese.
  • Cava is a region in Spain
  • Kava is also a root that is used in tea which makes your mouth numb.
  • Kava is also crow in Hindi.
  • Kava last but not least is a DeFi platform launching on Binance :)
  • We liked the sound of Kava it was as simple as that. It doesn't have much meaning in the USA where I am from. But it's short sweet and when we were just starting, Kava.io was available for a reasonable price

Q44:

What incentives does a lender get if a person chooses to pay with KAVA? Is there a discount on interest rates on the loan amount if you pay with KAVA? Do I have to pass the KYC procedure to apply for a small loan?

  • Answer: There is no KYC for Kava. Its an open blockchain software platform where anyone with a computer can connect to it and use it.

Q45:

Let's say, I decided to bond my cryptocurrency and got USDX stable coins. For now, it`s an unknown stable coin (let's be honest). Do you plan to add USDX to other famous exchanges? Also, you have spoken about the USDX staking and that the percentage would be higher than for other stable coins. Please be so kind to tell us what is the average annual interest rate and what are the conditions of staking?

  • Answer: Yes we have several large exchanges willing to support USDX from the start. Binance/Binance-DEX is one you should all know ;)
  • The average annual rates for USDX will depend on market conditions. The rate is actually provided by the CDP fees users pay. The system reallocates a portion of those fees to USDX users. In times when USDX use needs to grow, the rates will be higher to incentivize use. When demand is strong, we can reduce the rates.

Q46:

Why should i use and choose Kava's loan if i can use the similar margin trade on Binance?

  • Answer: If margin is available to you and you trust the exchange then you should do whatever is cheaper. For a US citizen and others, margin is often not available and if it is, only for a few asset types as collateral. Kava aims to address this and offer this to everyone.

Q47:

The IEO price is $ 0.46 while the price of the first private sale is $ 0.075. Don't you think that such price gap can negatively affect the liquidity of the token and take away the desire to buy a token on the exchange?

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.
  • TLDR - I think KAVA is undervalued and the liquid supply of tokens is primarily from the IEO so its a safer bet than other IEOs. If the price drops, it will be from the overall market conditions or fellow IEO users not due private sale investors or team sell-offs.

Q48:

Can you introduce some information abouts KAVA Deflationary Fee Structure? With the burning mechanism, does it mean KAVA will never reach its max supply?

  • Answer: When loans are repaid, users pay a fee in Kava. This is burned. However, Kava does not have a max supply. It has a starting supply of 100M. It inflates for block rewards 3-20% APR AND it inflates when the system is at risk of under collateralization. At this time, more Kava is minted and used to purchase USDX off the market until it reaches full collateralization again.
  • TLDR: If things go well, and governance is good, Kava deflates and hopefully appreciates in value. If things go wrong, Kava holders get inflated.

Q49:

In your opinion what are advantage of decentralized finance over centralized?

  • Answer: One of the main advantages is not needing to pay the costs of regulation and compliance. Open financial software that is usable by anyone removes middle men fees and reduces the barrier for new entrants to enter and make new products. Also DeFI has an edge in terms of onboarding - to get a bank account or an exchange account you need to do lots of KYC and give private info. That takes time and is troublesome. With DeFi you just load up your funds and transact. Very fast user flows.

Q50:

Plan, KAVA how to raise capital? Kava is being supported by more than 100 business entities around the world, including major cryptocurrency investment funds like Ripple and Cosmos, so what did kava do to convince investors to join the project?

  • Answer: We have been doing crypto research and development for years. Ripple and Cosmos were partners before we even started this blockchain with Kava Labs. When we announced Kava the DeFi platform they knew us already to do good work and they liked the idea so they support us.
submitted by Kava_Mod to KavaUSDX [link] [comments]

Looking back 18 months.

I was going through old emails today and came across this one I sent out to family on January 4, 2018. It was a reflection on the 2017 crypto bull market and where I saw it heading, as well as some general advice on crypto, investment, and being safe about how you handle yourself in cryptoland.
I feel that we are on the cusp of a new bull market right now, so I thought that I would put this out for at least a few people to see *before* the next bull run, not after. While the details have changed, I don't see a thing in this email that I fundamentally wouldn't say again, although I'd also probably insist that people get a Yubikey and use that for all 2FA where it is supported.
Happy reading, and sorry for some of the formatting weirdness -- I cleaned it up pretty well from the original email formatting, but I love lists and indents and Reddit has limitations... :-/
Also, don't laught at my token picks from January 2018! It was a long time ago and (luckliy) I took my own advice about moving a bunch into USD shortly after I sent this. I didn't hit the top, and I came back in too early in the summer of 2018, but I got lucky in many respects.
----------------------------------------------------------------------- Jan-4, 2018
Hey all!
I woke up this morning to ETH at a solid $1000 and decided to put some thoughts together on what I think crypto has done and what I think it will do. *******, if you could share this to your kids I’d appreciate it -- I don’t have e-mail addresses, and it’s a bit unwieldy for FB Messenger… Hopefully they’ll at least find it thought-provoking. If not, they can use it as further evidence that I’m a nutjob. 😉
Some history before I head into the future.
I first mined some BTC in 2011 or 2012 (Can’t remember exactly, but it was around the Christmas holidays when I started because I had time off from work to get it set up and running.) I kept it up through the start of summer in 2012, but stopped because it made my PC run hot and as it was no longer winter, ********** didn’t appreciate the sound of the fans blowing that hot air into the room any more. I’ve always said that the first BTC I mined was at $1, but looking back at it now, that’s not true – It was around $2. Here’s a link to BTC price history.
In the summer of 2013 I got a new PC and moved my programs and files over before scrapping the old one. I hadn’t touched my BTC mining folder for a year then, and I didn’t even think about salvaging those wallet files. They are now gone forever, including the 9-10BTC that were in them. While I can intellectually justify the loss, it was sloppy and underlines a key thing about cryptocurrency that I believe will limit its widespread adoption by the general public until it is addressed and solved: In cryptoland, you are your own bank, and if you lose your password or account number, there is no person or organization that can help you reset it so that you can get access back. Your money is gone forever.
On April 12, 2014 I bought my first BTC through Coinbase. BTC had spiked to $1000 and been in the news, at least in Japan. This made me remember my old wallet and freak out for a couple of months trying to find it and reclaim the coins. I then FOMO’d (Fear Of Missing Out”) and bought $100 worth of BTC. I was actually very lucky in my timing and bought at around $430. Even so, except for a brief 50% swing up almost immediately afterwards that made me check prices 5 times a day, BTC fell below my purchase price by the end of September and I didn’t get back to even until the end of 2015.
In May 2015 I bought my first ETH at around $1. I sent some guy on bitcointalk ~$100 worth of BTC and he sent me 100 ETH – all on trust because the amounts were small and this was a small group of people. BTC was down in the $250 range at that point, so I had lost 30-40% of my initial investment. This was of the $100 invested, so not that much in real terms, but huge in percentages. It also meant that I had to buy another $100 of BTC on Coinbase to send to this guy. A few months after I purchased my ETH, BTC had doubled and ETH had gone down to $0.50, halving the value of my ETH holdings. I was even on the first BTC purchase finally, but was now down 50% on the ETH I had bought.
The good news was that this made me start to look at things more seriously. Where I had skimmed white papers and gotten a superficial understanding of the technology before FOMO’ing, I started to act as an investor, not a speculator. Let me define how I see those two different types of activity:
So what has been my experience as an investor? After sitting out the rest of 2015 because I needed to understand the market better, I bought into ETH quite heavily, with my initial big purchases being in March-April of 2016. Those purchases were in the $11-$14 range. ETH, of course, dropped immediately to under $10, then came back and bounced around my purchase range for a while until December of 2016, when I purchased a lot more at around $8.
I also purchased my first ICO in August of 2016, HEAT. I bought 25ETH worth. Those tokens are now worth about half of their ICO price, so about 12.5ETH or $12500 instead of the $25000 they would be worth if I had just kept ETH. There are some other things with HEAT that mean I’ve done quite a bit better than those numbers would suggest, but the fact is that the single best thing I could have done is to hold ETH and not spend the effort/time/cost of working with HEAT. That holds true for about every top-25 token on the market when compared to ETH. It certainly holds true for the many, many tokens I tried to trade in Q1-Q2 of 2017. In almost every single case I would have done better and slept better had I just held ETH instead of trying to be smarter than Mr. Market.
But, I made money on all of them except one because the crypto market went up more in USD terms than any individual coin went down in ETH or BTC terms. This underlines something that I read somewhere and that I take to heart: A rising market makes everyone seem like a genius. A monkey throwing darts at a list of the top 100 cryptocurrencies last year would have doubled his money. Here’s a chart from September that shows 2017 year-to-date returns for the top 10 cryptocurrencies, and all of them went up a *lot* more between then and December. A monkey throwing darts at this list there would have quintupled his money.
When evaluating performance, then, you have to beat the monkey, and preferably you should try to beat a Wall Street monkey. I couldn’t, so I stopped trying around July 2017. My benchmark was the BLX, a DAA (Digital Asset Array – think fund like a Fidelity fund) created by ICONOMI. I wasn’t even close to beating the BLX returns, so I did several things.
  1. I went from holding about 25 different tokens to holding 10 now. More on that in a bit.
  2. I used those funds to buy ETH and BLX. ETH has done crazy-good since then and BLX has beaten BTC handily, although it hasn’t done as well as ETH.
  3. I used some of those funds to set up an arbitrage operation.
The arbitrage operation is why I kept the 11 tokens that I have now. All but a couple are used in an ETH/token pair for arbitrage, and each one of them except for one special case is part of BLX. Why did I do that? I did that because ICONOMI did a better job of picking long-term holds than I did, and in arbitrage the only speculative thing you must do is pick the pairs to trade. My pairs are (No particular order):
I also hold PLU, PLBT, and ART. These two are multi-year holds for me. I have not purchased BTC once since my initial $200, except for a few cases where BTC was the only way to go to/from an altcoin that didn’t trade against ETH yet. Right now I hold about the same 0.3BTC that I held after my first $100 purchase, so I don’t really count it.
Looking forward to this year, I am positioning myself as follows:
Looking at my notes, I have two other things that I wanted to work into this email that I didn’t get to, so here they are:
  1. Just like with free apps and other software, if you are getting something of value and you didn’t pay anything for it, you need to ask why this is. With apps, the phrase is “If you didn’t pay for the product, you are the product”, and this works for things such as pump groups, tips, and even technical analysis. Here’s how I see it.
    1. People don’t give tips on stocks or crypto that they don’t already own that stock or token. Why would they, since if they convince anyone to buy it, the price only goes up as a result, making it more expensive for them to buy in? Sure, you will have friends and family that may do this, but people in a crypto club, your local cryptocurrency meetup, or online are generally not your friends. They are there to make money, and if they can get you to help them make money, they will do it. Pump groups are the worst of these, and no matter how enticing it may look, stay as far away as possible from these scams. I even go so far as to report them when I see them advertise on FB or Twitter, because they are violating the terms of use.
    2. Technical analysis (TA) is something that has been argued about for longer than I’ve been alive, but I think that it falls into the same boat. In short, TA argues that there are patterns in trading that can be read and acted upon to signal when one must buy or sell. It has been used forever in the stock and foreign exchange markets, and people use it in crypto as well. Let’s break down these assumptions a bit.
i. First, if crypto were like the stock or forex markets we’d all be happy with 5-7% gains per year rather than easily seeing that in a day. For TA to work the same way in crypto as it does in stocks and foreign exchange, the signals would have to be *much* stronger and faster-reacting than they work in the traditional market, but people use them in exactly the same way.
ii. Another area where crypto is very different than the stock and forex markets centers around market efficiency theory. This theory says that markets are efficient and that the price reflects all the available information at any given time. This is why gold in New York is similar in price to gold in London or Shanghai, and why arbitrage margins are easily <0.1% in those markets compared to cryptoland where I can easily get 10x that. Crypto simply has too much speculation and not enough professional traders in it yet to operate as an efficient market. That fundamentally changes the way that the market behaves and should make any TA patterns from traditional markets irrelevant in crypto.
iii. There are services, both free and paid that claim to put out signals based on TA for when one should buy and sell. If you think for even a second that they are not front-running (Placing orders ahead of yours to profit.) you and the other people using the service, you’re naïve.
iv. Likewise, if you don’t think that there are people that have but together computerized systems to get ahead of people doing manual TA, you’re naïve. The guys that I have programming my arbitrage bots have offered to build me a TA bot and set up a service to sell signals once our position is taken. I said no, but I am sure that they will do it themselves or sell that to someone else. Basically they look at TA as a tip machine where when a certain pattern is seen, people act on that “tip”. They use software to see that “tip” faster and take a position on it so that when slower participants come in they either have to sell lower or buy higher than the TA bot did. Remember, if you are getting a tip for free, you’re the product. In TA I see a system when people are all acting on free preset “tips” and getting played by the more sophisticated market participants. Again, you have to beat that Wall Street monkey.
  1. If you still don’t agree that TA is bogus, think about it this way: If TA was real, Wall Street would have figured it out decades ago and we would have TA funds that would be beating the market. We don’t.
  2. If you still don’t agree that TA is bogus and that its real and well, proven, then you must think that all smart traders use them. Now follow that logic forward and think about what would happen if every smart trader pushing big money followed TA. The signals would only last for a split second and would then be overwhelmed by people acting on them, making them impossible to leverage. This is essentially what the efficient market theory postulates for all information, including TA.
OK, the one last item. Read this weekly newsletter – You can sign up at the bottom. It is free, so they’re selling something, right? 😉 From what I can tell, though, Evan is a straight-up guy who posts links and almost zero editorial comments.
Happy 2018.
submitted by uetani to CryptoCurrency [link] [comments]

Diary of a Douchebag: FC does a gun show, Part 2.

Friday, 1PM: I leave work early. I have to set up for the gun show early because the only time my mechanic has for the alignment rack for the next week and a half is friday afternoon and I am in need of an alignment to keep my Michelin Defender's in a nice predictable wear pattern.
My loadout this weekend includes a whole bunch of the usual stuff, Colts, Sigs, HK's, Glock's a few Springfields and four Daniel Defense rifles and an FN SLP Mk 1. I haul over a few used guns that I just took on trade too, a Tavor 556 LH and a Mossberg 500 that I got for $100 off someone wanting to trade it towards a new Glock 23. Four trips with the hand truck gets everything in before the rain starts.
I have reserved two tables but I have enough merchandise to cover three. The exhibitor tells me tables went up so two tables cost me $160 for the weekend and I consider it a small expense to view the express train to hell that is the gun culture.
45 minutes flies by as I set up my table just the way I want it and I get to Lenny's to get my alignment done. He's been doing an alignment for me no charge for the past 3 years after I told him NOT to buy an old Browning shotgun he fell in love with on gunbroker. He wanted to use it for upland hunting, sporting clays, skeet and anything moving through the air killing. It was an old gun that had FIXED barrel chokes - Full and Full. I told him RUN LIKE HELL. He said my advice saved him from a $1500 mistake and the least he can do is keep my car on the road no charge. He gets my car set up on his $80,000 hunter alignment rack and finds my toe in is way out of spec. He spends a few minutes banging around with a wrench and everything is all good. As he's doing that, since I know he won't take my money - I walk to the 7-11 across the street and grab him a tall boy of Rolling Rock. His week is so shitty that he shotguns it faster than Brett Kavanaugh circa 1982. Time to head home. I'm halfway there when the phone rings ring ring
FC: Go for FC
1: Hey FC, it's Captain Bob. How's it going?
FC: Good! I got your stuff fixed and ready to go on my desk.
1: I can be there in 15 minutes!
FC: I'll turn around, see you in 15.
Captain Bob is a four stripe left seat pilot for Delta on the triple. We love talking airplanes and guns. He's had me tune up an old 220 he wants to use at a class he's taking at FLETC later this year. Like a good pilot, he believes in a comprehensive pre flight inspection. And since his type rating says B777 and not P220, he wanted someone to make sure he's not taking a dud to class. All I did to it was give it a visual, clean and lube and although it probably didn't need it - it had a 20 year old recoil spring so I installed a new one just as a precaution.
I get back to my desk and get his gun ready, cleared and slide locked back as he walks in the door. He just got home from running a 777LR to Johannesburg and back and is very pleased to see his old 220 ready to roll. I take my glasses off and point out he's got a little bit of slide peening in a few spots but just keep it lubricated and it's normal wear and tear since he does not shoot it much.
He asks me if I have any 300 blackout ammo, I pull a case of 220gr OTM off the shelf. I tell him $450 on the ammo and the pistol inspection and recoil spring is on the house and he's having none of it. Hands me five crisp hundos and tells me to keep it. Just as I'm tucking the cash into my desk drawer, my door opens up and since I'm not wearing my glasses - I see a blurry silhouette of.....is that wonder woman? HUGE TITS on a small frame. I can't tell what's going on.
FC: Hi!
Lady: Hey FC, it's Lisa. I was just getting my wedding dress altered next door and wanted to say hi!
FC: Oh hey! I'm not wearing my glasses so I have no idea what's happening!
Lisa: See you tomorrow!
FC: I'l be there! So anyways Bob, that was strange. I am normally not used to having my door flung open by halfway attractive women.....
Bob: Neither am I! You should see some of the FA's on the J'burg route!
We have a laugh. Some more airplane talk about the old 72's and I tell him about the time I greased it in the box on the A320. Turns out he flew A320's as well as boeings and we revel in the differences in both the airplanes. I really like the Airbus design and their workflow even though Boeing guys love to hate it. He's happy with his 220 and we pull chocks.
I head home, throw a ribeye on the grill and go to bed early. I've got a busy day in the morning.
Saturday morning I wake up at 7AM and look at my to do list. Shit shower and shave. The gun show closes at 5. Lisa's wedding is at 6. The venue is at the lake 39 minutes from the VFW hall. I have a plan. I will leave STRAIGHT to the venue from the gun show and I'll put on dress clothes below the belt. After all, how often do you look at another man's pants? I throw on an HK black NO COMPROMISE Polo shirt untucked with a black alligator belt and Canali navy slacks with my new Allen Edmonds boulevards in black. Socks by Brumell and boxers by Fruit of the Loom. I walk into the VFW hall with a non iron Lauren white spread collar shirt, Ted Baker tie and Canali jacket slung over my shoulder. Nobody notices the pitter patter sound of leather soles on the concrete as the show starts coming to life.
It's 8:55. Lets get this show on the road.
The loudspeaker crackles and lets everyone in the hall know the doors are about to open up and asks us to check all our guns for ammo and zip ties. I get my table ready and pull out my 4473's on clipboards and check my pens. FFL in frame is standing up on the table, everything is tagged and tied. There will be no discharge of firearms at my table as a result.
9AM: Show opens. It's dead. Deader than dead. Like, life support dead. Typically there is a line from the entryway of the hall and around the building to get into the show every time.
This is not the show of years ago. This summer has been atrocious. I talked to the promoter and lots of vendors did not reserve tables for this and the next show. The numbers are way down.
Some people start to trickle in but it's not a good sign.
9:30AM: A fellow walks up and asks me if I have a Sig 226 TACOPS with TB in stock. I don't but vendors do. He drove 2 hours to this show to try and find one since his local place did not have it. They're on contract with sig and refuses to order one from distribution to make him happy and Sig has no idea when they're going to make more out of New Hampshire. Well, thanks to Ron Cohen making 26 SKU's for every single pistol - that's what you get.
9:41AM: Fellow wearing an INFOWARS shirt molests way too much merchandise on my table than I'm comfortable with. I shoot a knowing eye roll to Noah over at the next table. He's a 27 year old jewish gold bullion dealer from Long Island that votes libertarian and laughs at all my jokes. He adjusts his RON PAUL FOR PRESIDENT banner hanging off the edge of his table as I wait for Finger McBangerson here to go away so I can wipe down all my stuff.
10:23AM: Guy walks up to me and he says he's looking for a shotgun for competition. I point him towards the SLP at the end of the table.
10:24AM: Older fellow walks up to me and says he's looking for a gun for his wife as he lifts up a Colt Commander. I tell him that will definitely kill his wife. Guy looking at the SLP cracks up laughing. Older guy looks at me mortified. Then he gets the joke. Asks me about suitability of a steel framed colt commander for her. I say probably not a good first choice. Perhaps you should send her to an NRA basic pistol class.
10:39AM: Guy asks me what's the best I'll do on a Glock 17L. I tell him the tag is already priced more than fair. He asks if he can buy it with cash if he can get a discount. I'm like let me see. I ask him if he's got a state CWL. He says yes. I take off $20. He says it's a deal, hands me a stack of money, current CWL and a California drivers license.
FC: Do you have residency in this state?
1: No, I'm here visiting for work
FC: And you want me to sell you a gun with a California drivers license and no residency?
1: DUDE! KEEP IT DOWN! Do you have any idea what would happen if people found out I didn't live here?
FC: YES I DO! They wouldn't be a party to you breaking the law!
I hand him all his shit back and tell him to get on the next flight to Fresno.
12:01 PM: Lunchtime. I pick up my sammich from Jersey mikes and nobody fails to interrupt me to throw money at me. This is not a very good sign.
12:16 PM: I am scarfing down the last of my sandwich as Infowars shirt guy comes back around. We chat a bit about 1911's and he eventually tries to convince me that I need to buy the water filter that Alex Jones is selling to keep us from turning homosexual. I tell him now I'm not gay, but look at these shoes. I pull my left hock up and put a nice shiny new Allen Edmonds boulevard on the table. He seems to recoil in horror. As he walks away, I tell him he didn't even notice that I had them straight laced! They're fabulous!
Nobody understands my humor.
12:33 PM: The vendor to the left of me is selling clothing offensive to the left. MAGA hats, anti snowflake shirts, ISIS hunting permit graphic tees, etc. I debate calling one of my guys and having "MAKE 45ACP GREAT AGAIN" hats made up. I call up r_shackleford and he thinks this is genius. We trade witty banter back and forth for a few minutes.
12:49 PM: The vendor in front of me is a gigantic pawn shop with 16 tables. There's a woman trying to sell them a rifle, and not succeeding at all. Sam looks over at me and points and says to her "you know, he buys guns too!"
FUCK YOU SAM.
FUCK YOU LONG.
FUCK YOU HARD.
The hambeast approaches and thrusts a rifle in my face. "WE BUILT IT CUSTOM" she says. "I NEED MONEY FOR CHEMO" she says. The barrel says 223 Wylde. The lower says Aero Precision. The price tag says $1500 OBO. I tell her she'd be lucky if she got HALF that in this economy. She complains that they really need the money and her two demon spawn that are traveling with her seem to be tired of her getting the same speech from every vendor in the hall.
NO YOUR GODDAMN HOMEBUILT 223 WYLDE AR15 IS NOT WORTH $1500
It's not even worth $750
It's worth MAYBE the same price as a new PSA rifle - $350, $450 tops if you threw in the little girl.
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The lady looks at me like a truck stop rapist and inevitably proclaims that SHE KNOWS WHAT SHE'S GOT. Words fail me. I shake my head as she walks away with her demon spawn and I shoot a look back at sam and mouth very carefully YOU FUCKER back at him. Sam cracks up laughing.
1:12PM: I'm asked if that's a Dead Air Sandman on my table. I say yes. Guy asks to look at it and explains to his friend that it's a DAA Sandman and talks about the mounting system.
FC: You know your stuff.
1: Yeah I just bought one.
FC: I'm the only DAA dealer around here, you don't look familiar. Who'd you get it from?
1: Silencershop. Used the kiosk at a dealer in another city 1.5 hours away
FC: Uh, I stock the sandman and would have made you a deal. Why'd you do go through them if you don't mind my asking?
1: Well it was a timesaver.
FC: How's that? I mean that place I know is an hour and a half away without traffic, so you made a trip there to do your stuff - then back. That's 3 hours. Then another 3 hours after your stamps clear - so that's 6 hours in a car total. I can call the PD, make an appointment for you to roll your prints and you're done in 15 minutes. Photos at CVS are another 15 minutes. How is 6 hours a timesaver instead of 30 minutes?
1: Well I just knew that if I had to make more than one stop I'd never do it, so it was spend 6 hours in a car and get it done in one shot or spend 15 minutes doing fingerprints or photos and being too lazy to do the other one and never sending in the paperwork. So this was the better choice for me.
FC: Uh. Okay?
1: Why don't you have a kiosk?
FC: I'm not paying $9000 for something that's going to save you time and cost me money and then have to deal with being tech support and having a device in my place of business that compresses my own margins. We're down to making $50 on a can from making $350. This isn't a position I'm interested in taking.
1: Well, sucks to be you. I'm buying all my cans from silencershop now!
FC: Enjoy your 6 hour drive.
1:30 PM: Man walks up with an old stainless combat commander colt. Series 70. No original box and sights. Looks well used.
Thinks I’m crazy when I say I won’t give him $1000 on trade.
1:39 PM: Guy comes back. Guy wants me to put a can on his 1917 eddystone that is not threaded. He asks what he can get for $150
1:45 PM: Lady picks up a Trijicon RMR and asks to turn it on. I shove a battery in it and turn it on.
1: This is a laser sight right?
FC: This is an RMR from Trijicon and RMR stands for Ruggedized Miniature Reflex sight - it uses a laser of sorts and projects it onto this lens here....
1: THIS COSTS $500? AND IT DOES NOT EVEN PUT IT ON THE TARGET?
FC: Well if you just look through the lens here you can see the red dot projected onto the glass.....
1: I CAN BUY A $30 LASER POINTER AND DUCT TAPE IT TO MY GUN AND I'D BE $470 CHEAPER AND IT WOULD PUT THE LASER ON THE BAD GUY! WHAT IS THIS GARBAGE YOU'RE TRYING TO SELL?
She walks away. My mouth is agape.
2:15PM: Old guy walks up and points at a Glock 34 I have on the table. MY FRIEND BOUGHT A GLOCK IN 89 WITH NYPD AND SHOT HIMSELF HOLSTERING IT. I DONT TRUST THE DAMN THINGS and shuffles away without me having time for a rebuttal
2:21PM: Someone walks up asking me if I want to buy a used les Baer Comanche. I tell him I buy when I can make money. I look at it. It’s clean.
He wants $1600. Street is about $1600, that's all the money. Street the gun sells for about $1799 NEW, which means I can buy it for less than $1600 new. I tell him this. He looks at me like Elizabeth Warren looks at Brett Kavanaugh and shuffles away. I shake my head as I notice a familiar face walk up. I can't place it. He looks at some guns.
2:25PM: I'm asked if I have a card from the familiar stranger. I reach down into my wallet and fish one out, I hand it to him and he smiles at me. It finally clicks.
FC: Dr Livingstone, I presume.
Doc: I haven't seen you in years, how have you been?
(The doc is FC's old therapist. He can't say hi to me walking around due to HIPAA but if I open a dialogue, it's okay)
FC: Eh, same old shit different day. I uh made some mistakes a few weeks ago and I thought of you.
Doc: Oh really? How so.
FC: Well uh. You remember that day when I told you to go back to the Office of the Bursar at UCLA and ask for a refund on your $125,000 post graduate education because it was nothing but academic detritus?
Doc: Well, I hadn't thought about it for a few years but it sounds like something you would say.
FC: It was right after you told me that I used 3 different quotes from 3 different academics in a span of less than 5 minutes to answer your question. You said that I intellectualize as a defense because I don't like getting close to people. I said you're full of shit. You asked me do I even know what intellectualize means? I said of course I know what it means, what do you think I'm some kind of idiot? Then you sat there grinning like a Cheshire cat at the thought of making me eat my own words.
Doc: Haha. Now, that sounds familiar. I remember that.
FC: Well I don't know how many patients are willing to say it but you were right and I was wrong.
Doc: I don't get much pleasure in hearing that, but did you learn anything about yourself?
FC: It took a few years to realize you may have been right all along but yeah.
Doc: Then what does it matter who's right or wrong as long as you learned something?
FC: Hmm. That's not bad. How's business?
Doc: Full appointment book and not taking new patients.
FC: I guess you could say it's........a little crazy?
Doc: I missed your humor. Tell me about this Glock 45...
I show him a few different guns and crack jokes about disgruntled patients. He says he'll think about arming himself what with crime and mentally unstable people being growth sectors in this post-trump apocalyptic nightmare. I tell him to be fore warned is to be fore armed. He seems reticent, but I can only lead the horse to water. I can't make him drink.
2:51PM: Fellow walks up.
1: I need a colt ladysmith. Do you have one?
FC: the colt or the ladysmith?
1: The colt ladysmith
FC: is it a colt or a smith?
1: smith
FC: which model?
1: the ladysmith!
FC: I know but I need to know what model. They put that on a bunch of different guns
1: it’s the one with writing on the side of the gun. It says. LADY SMITH on it. You know the one
I realize the strongest case for repealing the second amendment is spending a day talking to people at the gun show.
3PM: Two hours left to go! The end is in sight! I haven't sold a single fucking gun yet!
3:02 PM: Man walks up. Hey do you have the new Sig 925?
FC: You mean 365?
1: No the 925
FC: Sig does not make a 925
1: Yes they do, it's the new one.
FC: The 365?
1: No! The 925!
FC: Can you show me a picture?
1: It's the one on the magazine.
FC: Most of sigs guns have magazines.
1: I mean the one in print. It's on the cover.
FC: The cover of the periodical you mean?
1: Yeah! You know the new one!
FC: Well if it's on the cover, it should be easy to find on google. Can you show me a picture?
1: There's nothing coming up on google for the Sig 925
FC: Maybe perhaps its because it's the sig 365?
1: I'm telling you it's not that. It's the new one they just came out with. It's the 925.
FC: Care to make a wager?
1: No.
FC: If you bring me a photo I can try to narrow it down.
1: I'll find the magazine at home and bring it in tomorrow.
FC: Periodical.
1: Whatever.
3:11: https://www.youtube.com/watch?v=SUFSB2plwzM
3:12: Numismatist neighbor Noah asks me a question
Noah: Hey! What's a hi point?
FC: A cry for help!
(everyone laughs)
Noah: No I mean price wise?
FC: Like $100, they're garbage guns.
Me and Noah start talking. I am moving more and more libertarian every day. He's the treasurer of his local LP chapter in Suffolk county. For a jewish kid from Riverhead, we sure have a lot in common. We get into an animated debate on the virtues of Kelo v New London in that it was a shitty position for the town of New London to take Susette Kelo's house for redevelopment under eminent domain. If they wanted to redevelop it, for the government to use eminent domain is a government run amok. As a libertarian, he hates government overreaching - as someone who also hates that sort of thing, we are in very vocal agreeance.
The tshirt vendor is listening to us debate the merits of the case and how the SCOTUS created a TERRIBLE precedent regarding government using the takings clause and when we finish he asks us a question.
TShirtGuy: How the fuck do you two know so much about a supreme court case?
Noah: Well, when you went to college and you're an economics and pre law major....
FC: Let me make it simple. WE ARE NERDS!
Everyone has a laugh.
TShirtGuy: Speaking of funny, check this out! He holds up a shirt.
It says in big print on the front: the the reason gun shows exist is so women can know what it’s like for when they drag men to the mall
I chuckle.
3:13 PM: I get in an argument with the republican candidate for office of something or other on gun laws. He is stupid and he is going to lose.
3:23 PM: A nice lady walks up. She looks familiar. She looks at some guns and feels up a 226 and remarks how well she likes how it handles.
FC: You're Bernice, aren't you?
Bernice: Why yes I am! You do not look familiar. How do I know you?
FC: You're still working at the courthouse right?
Bernice: That's right!
FC: Judge Snyder, right?
Bernice: No! He moved up to the appellate circuit last month it's...
FC: Judge Reinhold! That's right, one of his JA's called me to buy a gun last month. I forgot Christine told me, you're right.
Bernice: Holy crap, you have an incredible memory. When was the last time you were in front of Judge Snyder?
FC: Four years ago. I was the one that filed the motion citing the big lebowski.
Bernice: OH MY GOD THAT WAS YOU? I remember that!
FC: Yeah and I had to go dumpster diving to get my phone back. Shit, was that really 4 years ago? Fuck.
We talk more about guns and stuff. She loves her old West German 226. I tell her that if she really wants to have some fun, she should ask Judge Snyder to tag along on his next range day. About two years ago, the judge called me up asking for some advice. He's Tet offensive era USMC and wanted a new toy to reach out and touch someone and was dead set on getting a new SR25.
I talked him out of it because SR25's are stupid expensive. I knew of another dealer that had a T&E 20" SR25 that they were looking to unload cheap and I told him that with the amount of money he'd save going to the T&E gun versus the new one - the delta would more than cover a Nightforce NXS, rings and mounting and that would save him money and be a good performer. I'm friends with his daughter on facebook and they both looked like they had a lot of fun ringing the gong at the gun club.
Bernice is impressed. Too bad she's not my type, we'd get along fantastically if I was 15 years older.
4 PM: 60 minutes left to this shit show.
4:04PM: The loudspeaker crackles. ATTENTION ATTENTION: BRETT KAVANAUGH HAS JUST BEEN CONFIRMED TO THE SUPREME COURT.
The proletariat rejoices and hooting and hollering typically reserved for the LSU game breaks out in the hall.
ALSO WILL THE RED JEEP PARKED IN THE FIRE LANE PLEASE MOVE - YOU ARE BLOCKING THE BBQ GUY FROM LEAVING. RED JEEP. MOVE OR YOU WILL BE TOWED.
4:11 PM: Guy walks up in civvies.
1: I wanna buy this but I’m not a state resident
FC: well what’s your deal? Give me some more to work with.
1: I’m from Texas but I’m in the military
FC: if you got your orders - PCS to any base in this state says you’re a state resident, but if you don't - I can't help you. I know a lot of guys don't travel around with their orders....
JUST AS I SAY THAT the guy pulls out a wad of hundreds out of his pocket and his PCS paperwork, signed, rubber stamped and billeted.
THIS HAS NEVER HAPPENED BEFORE.
I give him the clipboard as I look at his paperwork. No blank spaces, approved change of station to Barksdale AFB, address reads base housing, everything is in order for the young airman.
HOLY FUCKING SHIT. THIS IS AMAZING.
Forms done correct on the first swing.
I AM WAITING FOR THE OTHER SHOE TO DROP.
I call in the transaction and they tell me that the national system is down. NO IDEA WHEN IT'S GOING TO BE BACK UP.
I tell the USAF that the system is down and we can't do anything. He takes my card and hands me money and says just call him when it's ready to be picked up. Huh. Okay, he's cool with that. His girlfriend lives over here so he's back here every weekend. Done! I mark up the paperwork with some notes.
4:23 PM: One guy just walked up and told me that he had no idea HK made rifles. Apparently made a bunch of rifles a few years ago and stamped glocks name on them for Glock. Since Glock can't be found out to be making rifles. This captures the attention of another guy who asks me if my Glocks on the table have fluted firing pins. I tell him they do not make fluted firing pins. That makes no sense. He says yes they do make sense. They're fluted so they shoot underwater.
4:28 PM: Noah's table has someone in front of it debating buying some gold. As they delve into the discussion of gold and FIAT currency, I hear the following.
1: Bitcoin is a webpage. It’s like buying stock. Bitcoin issues shares and it dilutes so the price goes down.
Noah: I don't think that's how it works.
1: You’re basically buying a part of a big webpage
FC: This is like listening to someone try to explain that pi is exactly 3.
Noah: What's wrong with you?
FC: I am the Anthony Bourdain of the gun world. I eat, I drink and I yell at idiots.
4:45 PM It's getting close to show close, I need to get ready for the wedding. I grab my Lauren shirt that thankfully is non iron and just dressy enough to work and just casual enough to be worn without a tie if you need to and whip off my HK polo. I put on the shirt and tuck it in as I notice a lovely couple walk up out of the corner of my eye. Its Jim and Jane, Jane is a pharmacist that works at the hospital and Jim is a Gastroenterology resident at the hospital too. They buy lots of guns from me. I finish tucking in my shirt as we talk shop.
Jim wants 6 cans, 3 handgun and 3 rifle and wants to know what his options are. I rattle off all the options I would look at and I write some down on a legal pad for Jane to show him on the computer when he gets home. We talk 762 vs 556, 45 vs 9mm and direct thread vs QD for about 10 minutes as I tie off my blue Ted Baker tie into a Pratt knot. The apex of the tie just touches my belt buckle. Length is right on the money, and I didn't even have a mirror. Jane approves of my knot and color selection. Go me.
4:55 PM: Fabulousness achieved, I call back in and find out national system is still down. FUCK. Well this is gonna have to wait till tomorrow. I shove Airman Cecil O'Malley's paperwork under the table and start stowing stuff since the show is about to close.
4:59 PM: Table is covered up and FC is walking out the door as the announcement crackles over the loudspeaker. THE SHOW IS CLOSED. PLEASE LEAVE THROUGH THE FRONT DOOR.
5:01 PM: On the way to the wedding! I stop at Target along the way because I've forgotten to get a card. I find one that says "It was meant to brie" on the front. It has some greeting card herpes, aka glitter on it but I have no time to be picky. As I'm in line to checkout I write something cheeky.
"I always said love was cheesy and I camembert it sometimes.....Love, FC"
The cashier scans it, I plug my amex into the card reader as I slip in a yard in there and seal up the envelope and slide it into my jacket pocket.
The ride to the lake breaks every speed limit in two counties.
5:45PM: I arrive 15 minutes before the ceremony is about to begin and the parking staff puts me in the back lot. I hike over to the open bar and get a fresca. I'm supposed to behave myself, so FC quit drinking and is just chilling with a fresca as he scans the room.
I know NOBODY at this wedding except the bride, groom and MAYBE the bride's massage therapist. Nope. I know nobody here. Awwwkward. I behave myself and sip on a fresca as the wedding starts. She gets married. She says yes. He says yes. FC is an ordained minister and can step up and marry someone in case there's an emergency but my services will not be needed at this wedding because things are going smoother than a cold filtered miller genuine draft. It's all good. The DJ announces the new couple and they walk down the aisle together as husband and wife for the first time. The music starts playing.
https://www.youtube.com/watch?v=NNEgUPKxk7A
ITS HEAVY D AND THE BOYZ! I HAVE ALWAYS WANTED TO GO TO A WEDDING WHERE THEY PLAY THE COUPLE OFF TO HEAVY D! I mention this to the people sitting next to me and they're like it's just like hitch!
I'm like what?
They go on to explain to me that it's a movie. Starring Will Smith. Huh. Didn't see that one.
5:45 PM: The open bar and the food is coming out. I look around and I definitely do not know ANYBODY HERE. I need to eat and go home. I grab a plate of cocktail shrimp and some lobster sliders and sit down at a picnic table away from the crowd. I don't even notice a busty brunette with cleavage showing also sitting at the table staring at her phone across from me until she says hi.
1: Hi.
FC: Hi.
(I scarf down a lobster slider. Munch munch)
1: So how do you know the lovely couple?
FC: Well she was a friend of a friend and next thing you know I'm showing up to the Christmas party and the wedding. Then Seth is showing up and then they're getting married. You?
1: I work with Lisa, I'm a flight attendant. But I've been out of work for a few months. We had this thing at work. It's called a fume event. I happens when well uh how do I say?
FC: Contaminated bleed air via the pneumatic air conditioning kit - or PACK - gets into the cabin, causing all sorts of respiratory irritation and all sorts of other things for the crew. You're on the 320, right?
1: The airbus? Yeah. Me and Lise are also on the....
FC: 321 and the 319. Yeah, I'm familiar with the technology.
1: You're a pilot.
FC: Not exactly. I just know airplanes really well.
1: So you're an aerospace engineer.
FC: I wouldn't go that far. Hahaha. That's stretching it. A lot.
1: Let me get this right. You're friends with Lisa and Seth, you know airplanes, you're the only one at this wedding actually wearing a suit......
FC: To be fair, it's Louisiana in October. We're lucky most of the folks here aren't wearing Mossy Oak and Realtree.
1: Hahahahahhah! You must live in Baton Rouge!
FC: I do.
1: Me too! What part of the city? I live in (names neighborhood)
FC: I'm over in (neighborhood next to her)
1: OH MY GOD! That's 10 minutes from my house! So anyways, you're smart, you're funny, where have you been all my life? I'm Ally.
FC: I'm Will.
1: You wanna get dinner together? I literally do not know anyone else here and I was thinking about leaving before I met you.
FC: Uh sure. Lemme just top this fresca off.
1: I'll join you.
6:15 We're told by the bartenders to grab a ceremonial wedding tervis tumbler with a patch commemorating the happy couple's nuptials hermetically sealed inside. They didn't want a bunch of red solo cups going to the dumpster so they decided to ball out. I walk up to the table where there's literally 200 tumblers in varying colors to choose from and I grab a random one as Ally grabs one too. We head to the bar, she fills her with vodka and sprite. I top off with ginger ale because I'm staying sober and I have to drive 45 minutes back to casa de FC in BTR.
She asks me how I know so much about airplanes, I tell her it's been a lifelong obsession and I've done some ground school on the 320 and the 737 and I much prefer the 320. I ask her what's tough about her job and she tells me that most people don't know they only get paid when the doors close. I say yeah, block time is a real bitch sometimes. She looks at me like I'm crazy. I'm like what? She's like HOW DO YOU KNOW ABOUT BLOCK TIME? I told you, I know airplanes. We chat some more as the crowd gets drunker and drunker and more ridiculous on the dance floor. Someone requested Strokin' by Clarence Carter and the DJ ACTUALLY PLAYED IT. Goddamnit Lisa! HAVE YOU EVER HEARD OF A DO NOT PLAY LIST? Wow.
7:10 PM We find some seats for dinner as the buffet opens up, I pile a bunch of chicken marsala and beef wellington on my plate and we head back to the table. She's only a few years older than me and cannot believe that I am single. She asks if I've tried tinder. I tell her the tinder story about me being stuffed into the back of a police car and it is met with raucous laughter.
1: So, do you dance?
FC: I do a lot of things, but I don't dance. Baton Rouge is the city that rhythm forgot.
1: I don't really dance either. As a matter of fact, I'm perfectly content to people watch all night with you here by my side.
Her hand ran down to touch mine. It had a ring on it.
FC: What does your husband think about that?
Next thing I know, Lisa and Seth have dropped by the table to say hello. They're taking pictures with everyone and we can't continue the conversation we were just having. Lisa dives in to hug Ally, Seth gives me a handshake, sips my drink and asks why there isn't any bourbon in that tumbler.
FC: Gotta behave myself. Long drive back home.
Ally: OH MY GOD LISA! Will is FANTASTIC! Where have you been keeping him? He's funny, he's amazing and he looks hot in a suit! If I wasn't married, he'd be the perfect guy!
(We're cut off by Lisa, she looks at me sternly.)
Lisa: WHAT THE FUCK IS WRONG WITH YOU?
FC: What?
Lisa: Yesterday! When I was getting my wedding dress fitted! You called me a half attractive woman.....
FC: It's not a normal occurrence! Most of the women who open my door are total heifers! For real! Take the compliment!
Lisa cracks up, and Seth who has had a few drinks laughs so hard that he damn near falls over. You can hear the cackle of his laugh carry across the lake. The best man props him back up and they all have a laugh. The wedding planner slides in and tells the bride that her cake has been outside of refrigeration for an hour and 15 minutes now and is structurally deficient. They need to cut it now before it collapses in upon itself like a black hole. Lisa grabs Ally, Seth grabs me and the rest of the table follows. We're now part of the wedding cake cutting crew.
7:15 PM: The entourage all takes their Instagram positions as Lisa cuts into her structurally deficient cake and Seth resists the urge to do anything cheeky and fun with frosting. It's cute, everyone toasts the newlyweds.
7:20 PM: I pull Lisa aside privately and I ask her - what the fuck is Ally's deal? "If I wasn't married he'd be the perfect guy?" WHO THE FUCK SAYS THAT? A married woman? At a wedding? To a guy she JUST MET?
Lisa: Look, I have no idea how her marriage is going or what her deal is. But just because there's a goalie doesn't mean you can't score.
FC: WHAT THE FUCK IS THAT SUPPOSED TO MEAN?
Lisa: It means that maybe, if she's throwing herself at you......you should catch her. I gotta go throw the bouquet. Brb.
FC: .....
7:25 Lisa goes to throw her bouquet and Ally has found me and is back at my side.
1: Where were we? I was just saying to Lisa that I was wondering where a guy like you has been all my life? You are awesome.
FC: I am awesome, and you are married.
1: Yeah, I know. Come on, I really want you......I mean I really want you......to go photobooth with me. Come on, it'll be fun.
She grabs my arm and drags me to the photobooth and she puts ridiculous hats and stuff on me. I'm like no, I've been looking ridiculous enough from birth. i'm good. She literally begs me with puppy dog eyes and does that thing where she shows cleavage.
FC: Isn't this like against one of the ten commandments? Thou shalt not......photobooth with another man's wife?
1: Hmm. Yeah, I guess. You're really sweet though. If I was single, I'd be all over you right now.
FC: Who says that? Really?
1: So, answer me this. You're not an engineer. You're not a pilot. What do you do?
FC: Gun dealer.
1: So if I had something like an AR15 that needed some work, you'd be the guy to call?
FC: Maybe, depending on what you needed - there's a lot of things where I'll just tell you flat out what you're trying to do is uneconomical and a bad idea.
1: Well, I'd really like it if you could check out some of my equipment sometime.
FC, internal monologue: WHAT THE FUCK IS GOING ON HERE
FC, external monologue: Bring it by the gun show this weekend and I'll see what I can do.
I crack an uneasy smile as she gets up to go use the bathroom. I decide it's time to get the fuck out of here.
8:11 Making my escape plan proves to be a little tougher than I expected. The parking at the venue at the lake is dark and unlit and I have to navigate my way back to my car in the dark using the light from my phone. I reach into my jacket and I realize that their card is still inside. Fuck. I gotta go back. I turn around and head back to the gift table and I use some ninja recon skills I picked up in catholic school to make sure Ally is nowhere nearby. The coast is clear. I walk up to the little birdcage they have for cards, drop mine in confidently and get ready to turn on my heel and leave. I start making my way back to the parking lot when Seth is just walking out of the bathroom next to the gift table.
1: Hey man, you heading home?
FC: I am now, forgot to drop off your card.
1: Ally thought you left without saying goodbye to her, so she asked me for your number. I gave it to her.
FC: Oh dear lord.
1: What?
FC: Did you hear that woman? "If I was single, you'd be the perfect guy!" Those words are not in a vocabulary of any married woman I know.
1: Dude, you just gotta chill out and go with the flow man. It's not your marriage. If she wants a piece of you, cut her off a slice.
FC: Are you serious?
1: When I met Lisa, she was still married to Freddie. Look at us now, 7 years later and we're happy. You want to be happy, don't you?
FC: Yeah but....
1: No but's! Go storm the castle! I gotta go, but I'll catch you at the afterparty tomorrow night! You going?
FC: Yeah at your house right?
1: Yeah, what time the gun show wrap up?
FC: 4, so I'll be out by 5.
1: I got steaks going on the grill at 3, I'll get save a nice one for you. You still a medium rare guy?
FC: You know it!
1: I think Ally is gonna be there too, you two should get to know each other a little better.
FC: That's what I'm afraid of!
Seth goes back to his wedding, I hop in the car and drive home. It's almost 10PM as I approach the Jersey mikes by my house. I stop in to grab a sandwich for Sunday.
Just as I walk up I hear one of the sandiwch makers swear she's going to slit the throat of the next person who orders a sandwich. Eep. I tell her I need a giant 9. She starts making me one. I ask her if she's trying to get out of here right at 10? She says yeah, she's trying to catch the end of the Yankees/Red Sox game. I tell her my old man was from Brighton and my mom was from Elmhurst, so there's no love lost there. We have a laugh. She caught the Yankees pummeling the A's in the wild card on Wednesday. I whip out my phone and check the score for her. Yankees are up 6-2. I tell her she should be able to catch the end of it at home or whatever sports bar she's going to. She tells me she's going to the outback steakhouse the next block over to watch it and they better have the game on when she rolls up in 15. I tell her I'll do her one better. I dated the bartender there (once, she friendzoned me) and I'll message her on facebook to have it on for you. It is at this moment, I am asked for the second time that evening - from a strange woman I've just met - where have I been all her life?
I head home, throw my sandwich in the fridge and head to bed wondering WHAT THE FUCK IS GOING ON HERE?
Did FC like get game all of a sudden?
Donald Trump is President.
The Eagles won the super bowl.
You can't make this shit up.
I got one more day at the gun show too.
Postscript: As I write this, it's Columbus day and the Indians, the Redskins and Braves all got their asses handed to them.
We truly live in interesting times.
submitted by FirearmConcierge to guns [link] [comments]

sharkT4nk dotonion

So I’m a 28 year old guy, and not exactly what most people would consider a normal one, thank god. No one, including any of my friends, knows just how deep that actually goes. Not even my best friend of 19 years, who I’m gonna call John, suspected a thing until it was too late. I’m gonna call myself Ghost for this, cause as far as any of you, or the feds for that matter, are concerned that’s all I am or ever will be. Every single thing I post as Gh0sT666 comes from a different IP address and its original location is completely untraceable, lol everything about Gh0sT666 is completely untraceable too for that matter. I learned the skills needed to do this kinda shit through years of using the dark web.
Its been 8 or 9 years now, and the dark web has been a blessing so to speak. I went from watching the same old shit on BestGore to getting to see some real shit, live videos in all of their glorious and grotesque carnage. Shit I hadn’t ever seen before. It was love at first site. I’m not gonna go into depth on how I found out about this place or any hacking technicals, or even what this beautiful place is called. If you have to ask you’ll never know. I love this place way too much to risk it being compromised. Besides, we already have plenty of active patrons.
My first experience with what I’m gonna call SharkT4nk for the purpose of writing this was when I was around 19 or 20 or some shit. It was extremely hard to get into and took hours of coding work (now ive gotten it down to just the press of a button and a randomized 26 character password, including letters like æ œ ø and ß so even if the feds do manage to find me, good luck guessing it ;) ) to access, but the second I heard that first scream I was sold. The page had a chat room on the right side of the screen, grey background, neon green text, and a loading video player taking up the rest of the screen.
You could drag the chat box around wherever you want, and there was a control panel under it that listed off camera numbers and tip amounts. The video was taking time to load, still stuck on the same frame as when it appeared, the sound was coming through though. The sound of a power tool of some kind was dominating most of the audio but there was a super high pitched scream along with it. Finally, after what felt like 10 minutes, the video loaded and I saw it. The most beautiful piece of throbbing erection inducing gore I had ever seen. I can still remember it perfectly to this day.
There was a large dark room, all you could see from the fluorescent light held up over the scene was a metal table with a girl strapped to it and a men next to her. There was what looked to be a tarp or plastic wrap or something all over the floor, and a small surgical table with the tools of the trade that id come to know so well placed on it. You could just barely see the shadowy outline of a forklift in the background. The girl was held down to the metal table with what looked like leather straps that were probably once white, now caked with deep reddish brown stains with bright red blood splattered on top, reflecting the light from the fluorescent bulb about 5 or 6 feet above.
The man standing next to her was wearing a dark sweatshirt with a brownish red stained leather smock over it, dark pants, and a guy fawkes mask soaked with blood. The power tool I had heard was a sawzall, it wasn’t being used anymore unfortunately, but you could clearly tell what had been done with it. The bicep on this 20 something year old girls left arm was hanging off the bone, and the man in the guy fawkes mask was grabbing and squeezing and pulling at her torn bicep, all the while the girl on the table was screaming and sobbing the beautiful harmonies of agony. In a frenzy of dialed in, unadulterated sexual energy I unzipped my pants and began pleasuring myself, very careful not to finish too soon without seeing what happened next. I noticed the chat box had filled up with new requests, some of the user names having a gold star next to them and a bitcoin tip next to the requests. I scroll back and see one with a gold star and a tip of around 250 usd worth of bitcoin.
“Cut the muscle off of its arm with a hack saw”
I scroll down to the bottom and see the most recent starred request with a $500 tip. “cut the connective tissue in its jaw, clamp its head and neck down to the table, and rip its jaw off with the forklift”
Need I describe the mess I had to clean up off the back of my laptop?
I later learned that those gold stars next to their ambiguous user names were to show that they were one of that particular videos sponsors, and they had helped pay the fee for the kidnapping of the person in the video (we call them livestock) and the materials to be used in it. for a price that varied based on their original contribution, they could choose what happens next to the Livestock. Well needless to say my friends, I quickly learned that I wanted to be at the top of that list of sponsors on every video that I could be. The thrill of just watching something this beautifully macabre, so blissfully dark, so magically grotesque, wasn’t enough. I knew I needed more control than id get by being just another one of the plebs that were just watching.
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Me and john had been really close ever since we were kids. We were the only ones in our town that were into comic books, sci fi, and fantasy and shit, so we naturally gravitated towards each other. I had a couple family members that I liked, which was was nice. Unfortunately john never did, his older brother hated him for some reason, and most of his family were shitty to him. He didn’t like to talk about that stuff though.
We were both pretty small growing up, and never exactly all that brave, but one time we were down by the pond in our town and there were a couple older kids picking on us, and one of them threw my bike in the pond and pushed me down. John picked up the biggest rock he could throw and lobbed it straight at the kids head, busting him open and actually making him cry. They ran off pretty quick after that. John picked me up and I nodded my thanks. He said “you know you’re the closest thing I have to family, I got you bro”. It meant a lot considering he never spoke about family related stuff.
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I started sponsoring feeds on Shark_T4nk a couple years after finding it. I had a pretty well paying job at the time working as a coder for a tech company, as well as a bit of credit card fraud on the side, so I had plenty to spare. just watching was starting to get boring. The hours spent at that job felt like a horrible waste of time, but I knew I needed to grind through it to be able to afford to keep sponsoring Feeds. At this point I was just a base level contributor, I donated 750 usd to the funding pool which gave me rights to place low priority bids on what happens to the livestock and got me a silver star.
I did this for around a year, until I got a promotion and started making enough that I could finally spend more, much much more towards my now fully engulfing addiction. For around 1500 I got a gold star, top priority bids and access to a pov camera attached to the handlers (the guy doing the actual torturing) mask. For 2500 you got a green star, top bidding, pov cam, you get to choose some of the materials and tools used, and you can buy souvenirs taken from the victim (usually articles of clothing, personal belongings, sometimes teeth or skull fragments, even cuts of meat if you so desired and wanted to Fork up the cash for it, if you’ll excuse my pun) mailed to a P.O. box of your choosing. Those were the main levels that everyone bought into, but I wanted more.
The top level of sponsorship was extremely rare, ive watched almost every feed for the past couple years at this point and I had never seen one. Not once. It cost 15000 usd and with that you get the works, you get all the perks of the green star except you now have a purple star, you can choose all of the materials and tools used, what happens and when it happens, whether the video is private or for the whole group (private is an extra 5000), and best of all seeing you’re the only contributor you get to choose the Livestock. You can choose anyone you want, excluding public officials.
For the base level 15k purple star you can choose from their current lineup of livestock, you can see their stories, screen shots of their facebook pages with all of their friends and family members posts saying “we miss you” “we love you” and all that gushy shit. For 30,000 it can be anyone in the US. For 40,000 anyone in north America. For 100,000 anyone in the world. Apparently public officials can be chosen too, but those prices range from a million to 20 billion and costs 5,000 to 25,000 to even watch it and is reserved for VIP purple stars only (4 time purple sponsor).
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As me and john got older we started gravitating more towards the world of drugs and music. Wed go to festivals in the summer and take ecstasy and acid and have a blast, and in the winter we’d do coke and and ketamine in my room listening to music on my dads record player. We never really had “problems” with drugs, we just enjoyed them. I was always kind of like a kid brother to john, even though he was only a couple years older than me, so he was a bit awkward about introducing me to the stuff at first, but I eventually talked him into it, and god damn am I glad he did.
To this day some of my best memories were of me and him rolling our faces off walking around outside in the rain with no shoes on; and seeing massive geometric patterns in the night sky on acid thinking we were talking to god, talking about the meaning of life and all of our deepest passions and fears. At this point we were without a doubt as thick as blood, we knew each other inside and out, but more importantly we trusted each other and that’s hard to come by in this life.
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The first time I got to see a purple star next to my name was glorious. I decided to keep the video private, in celebration of my first time holding the reins. I chose this 30 year old French man from their stock, who was acquired thanks to its lack of knowledge on protecting its identity while browsing the Dark Web. The only tools and materials I picked were pliers, a kitchen knife, a ball peen hammer, and a drum of hydrochloric acid. First I had the handler grab the livestocks bottom lip and pull it down till it bled profusely, almost ripping it from its face, and smash its teeth in with the ball side of the hammer. The sound of his teeth breaking, like shattering plastc or ceramic, and his whimpering scream made me quiver with pure ecstasy (which I had taken a lot of 30 minutes prior to starting the Feed, obviously got it from john). As the .4 of pure MDMA that I took was just rushing in and my teeth started to grind I told the handler to crush his left testicle with the pliers.
He had a rough time of it too, it kept popping out from in between the jaws of the pliers. I had to settle for him holding it in place with his hand, blocking most of the good stuff from my view. At least I could still hear the scream and the squish. The Feed went on for another couple hours and it climaxed, around the same time and the same fashion as I did (for the third time), in a sticky puddle. The handler funneled acid down the livestocks throat, melting it from the inside out, along with part of the table. The sizzling, bubbling, gurgling sounds are still embedded in my memory, and still arouse me to this day.
Once every six months I would fully fund a Feed, usually just going for the pre caught livestock, but after a while even that got boring. I needed something better. More personal. I decided to spend the 30 grand on something special.
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I had been hanging out with my friend John quite a bit in recent weeks, and when we weren’t hanging out we were texting each other almost constantly. one day he stopped replying to my texts entirely. I went to his house later that night and knocked, and his mom answered the door. “hello Mrs Doe!” I said to her, “is john here?”. “No, he isn’t hun, I just got home, haven’t seen him all day” she said with a polite smile. This wasn’t exactly out of the ordinary for him, john was still living with his parents technically but he spent most of his time away from the house hanging out with people, getting drunk and doing coke.

“Im sorry mrs doe, but could I run up to johns room for a second? I think I left my phone charger up there last night.”. “Of course dear, just make sure you take off your shoes before going up” after all these years she still reminded me to take my shoes off when I come in the house. She was a nice lady, a bit too much so, at least when people were watching. She spoiled the shit out of John growing up, that’s why he’s still living at his moms house, which she must deeply regret seeing how she treats him now.
I took my shoes off at the door, ran up the stairs and around the corner, opened the door to his room and shut it behind me. Looking around as quickly as I could, searching through mountains of trash and piles of comics and records, I found what I was looking for under the sheet next to his pillow. He had kept a journal ever since he was a kid, It was a small notebook with a light blue cover with a couple of fresh blood drops on it and a couple hundred pages of lined paper. I doubt he knew I, or anyone for that matter, knew about that book. What can I say? I get nosey when im fucked up. I tucked it under my shirt, pulled his phone charger out of the wall socket and headed back down stairs. “thanks Mrs Doe! Have a good night!” I said cheerily as I walked out the door and back to my car.
When I got home I opened the notebook up to the most recent page and turned back a few pages until I found what I was looking for
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After reading the notebook I opened my laptop, set up all of my security (which takes about 5 minutes) and logged onto Shark_T4nk. I already received my conformation. this brought a smile to my face, I knew that the fun part was just around the corner. I felt like a teenager rushing home to watch porn.
I replied to the conformation with my conformation code
“Package secure” said one of the gold crowns (admins)
“Question. I’ve been a purple star for 4 years now. You know I’m not a narc or a casual, I’ve spent hundreds of thousands here. Is there any way I could do it myself this time? I would pay literally anything and go literally anywhere.”
20 minutes went by.
“Get a secured burner phone and text this number with your confirmation code. You will receive a location pin. Be there on February 24 at 2:00 am. Not a second later. Park at least a mile away and walk the rest of the way. The cost will be 1mil” he messaged back, along with a number.
When you reach VIP purple star status after 4 purple level sponsorships you receive and code, a string of sixteen random words in different languages, some letters replaced by numbers, some by symbols. I sent that code and the reply was almost instant, I clicked the link and it brought me to that phones map app. It was a 16 hour drive into the next state over. I knew it would be well worth every second and droplet of gas it took. Now I just had to wait 6 days, and let me tell you, they dragged by slower than a spoiled little kids week before Christmas.
I could barely contain myself that whole week, everyone at work was asking me what I was so excited about, I kept having to say I was going on vacation to Aruba for a few days and ended up getting the whole week off. John never came home the day I grabbed his notebook, My friends started asking if I had seen him. I hadn’t.
Eventually the week of waiting came to pass and it was time to hit the road. I was practically shaking too bad to drive, but I tried to contain myself. I felt like I was on a small dose of molly, but a bit more anxious. Not in the scared sense, in the excited sense. The 16 hours of driving went by surprisingly fast, I only stopped twice, once to piss and once to eat. I don’t remember cheap fried chicken and mashed potatoes with gravy ever tasting so good.
Finally, around 1:35, I got to the town I was meeting them at. it was a dark, empty town with not too much in it. I parked in a free parking lot next to a small movie theater. Walked down the road past the police station and the fire station, past a fast food place, and took a left past a convenience store and a video game store down a dark unlit road that led out towards the woods just outside if town. The road continued until the lights from town were all but invisible, after several minutes of walking (no small feet for a hacker that sits in front of a computer all day) I got to a small improvised parking area that was dug out from years of teenagers slamming their parents cars into park to go smoke weed in the woods. This is where the map was bringing me. I had to use the burner phones flashlight to see where I was going. I checked the phone to see what time it was, 1:59, perfect.
Sure enough, at precisely 2am, a small black van came driving down the road, going just about the speed limit. It pulled just past me, and the two back doors opened. A large dark figure wearing a guy fawkes mask jumped out of the back of the van, and before I had the time to react he was putting a black cloth bag over my head. I was definitely scared but I tried to contain it, I knew it would probably have to be something like this, they wouldn’t just come pick me up without taking precautions. When we were in the back of the surprisingly spacious van, he said in a highly modulated voice “do you have any electronics on you? Phone? Ipod?” “yeah, just the burner phone” I replied as the van started moving. “is it untraceable back to you?” “of course” I said, trying to not sound too cocky.
He told me to give him the phone and that he was going to strip search me for wires or bugs of any kind, and I agreed. He took all of my clothes off, careful not to remove the black bag and I sat down, completely naked except for the mask. I could hear him thoroughly patting all of my clothes down. He must’ve been content, cause I heard him open a lockbox under his seat and put everything except for the phone in, taking out a bag with new clothes, and a mask for me. I clumsily put on everything he gave me, it was all a bit small for me but I wasn’t about to complain. When I felt the mask in my hands I was filled with an exhilarating excitement and almost started quivering violently.
I heard him unscrew the lid of a container which sounded like it had liquid in it. He gently placed something down in it and screwed the cap back on right as it started to quietly sizzle. “you lose the phone, you’ll get your clothes back when we return.” The modulated voice said. I heard him pull something out of his pocket, and unscrewed the cap off a different bottle, tipped the bottle over, apparently soaking the handkerchief or rag he had, and placed the rag over my face. I felt myself being dragged down into a deep pit of sleep.
I’m not sure how long I was out, or how long the rest of the drive was, but I was sure about the headache I had. It was one of the worst I had ever experienced. When I woke up I was in a dark room in a warehouse, seated on a couch. Well, less seated than laid the fuck out. The bag was gone, but the dark masked figures weren’t. Three of them were now standing as tall as trees in front of me, arms crossed, the sound of their breath reverberating off the inside of the plastic masks filling my ears. I could see they had modulators strapped around their throats like shock collars.
One of them reached a hand out to me, and I was about to take it thinking he was trying to help me up, but he lowered his hand and showed me that he had two pills for me. “chew and swallow. They're for the headache,” the distorted voice said “let us know when you’re ready to start.”. As apprehensive as I was about taking two random pills from people like this, at a place like this, I decided to just take them. I had come this far, and plus, im a huge contributor, why would they fuck themselves out of a probable future fortune. Two of the three figures walked out the door to the left of where I was sitting, and the other looked back at me through his mask, held the door open, waved me through, and cocked his head to the side.
I got up off the couch, and started to walk up when he said “Mask.”. I looked around to room, and back at the couch, it was laying there next to where I just was. I grabbed it, and donned the fabled Shark_T4nk mask, in all of its harrowing glory. This is when I could feel the true weight and intensity in the air, eluding to the magic of what was about to happen. This really is a beautiful life isnt it?
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The last time I saw john before he disappeared was two days prior. We got some breakfast, drove around and smoked weed. To be honest that day wasn’t too different than any of the other times we hung out. He commented on my excited behavior, and asked what was up. I could barely suppress the keen, knowing glint in my eye. I just shrugged it off and told him I’ve been feeling really good lately. Like a changed man. I hadn’t thought of the vacation excuse yet, and even if I did I wouldn’t have told it to him. We tell each other basically everything with almost no exceptions, he would definitely think its suspicious that I planned a trip without telling him.
He kept looking at me with slightly concerned eyes, and it just made me beam even harder. I couldn’t control it, I was overflowing with excitement and anticipation. I could tell he was a bit weirded out cause we ended up cutting our day short and going our separate ways for the evening, which was fine with me, I wasn’t sure how much longer I’d be able to keep the tiny bit of a poker face I still had up.
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After walking through the door, me and the three looming dark figures were walking through a much larger room in the warehouse. There were what looked to be large dog cages with shadowy unseen contents stacked up on top of each other arranged in long aisles. The room reeked of a long used and poorly cleaned animal barn. I was, being one if their top contributors at the time, very well trusted by them. At least in a business sense. They were showing me the livestock they had available.
They were telling me that they were willing to add on another Feed or two for 40% off. The viewers would have loved to see someone new handling the livestock. I said I would let them know when we were done with the one I paid for. They did have some really good ones in stock right now too. There was this young girl, couldn’t be older than 18 or 19, red hair, pale skin, skinny. Her small-medium sized tits were dirty brown, and the smell of her was horrific. She must have been a fairly new acquisition because she still had fire in her eyes and fight left in her. The rest didn’t, and were a lot more docile. The hopelessness shining through their empty gazes as dark as night.
Amidst her screams of “LET ME THE FUCK OUT OF HERE!” and “WHO ARE YOU? WHAT DID I DO??” the others just sat silently. The sound of her terrified and furious voice started to make my dick chub up. I looked around at the rest of what this toy store of forbidden delights had to offer. Cold, dead, and zoned out eyes trained on their food dishes like starving dogs in a neglectful house, as far as the eye could see. I turned to one of my companions on this walk around the supermarket of delicious delicacies and said “I'm ready”.
Me and one of the handlers walked towards a different door, one I hadn’t even noticed through the excitement of seeing all of the wonders this place contained. This door led to what looked like a garage, filled with all kinds of tools and blood stained pain implements. There were vice grips, clamps, chains, barbed wire, bolt cutters, sledgehammers, all kinds of knives and swords, even a weed wacker and so, so much more. The possibilities were as endless as my lust. It was so beautiful it brought a tear to my eye. The first my eyes had felt in a long, long time. I picked out my favorites, and asked the handler in a voice probably more akin to a kid asking his dad how many toys he can bring to his friends house than a man about to torture and kill his first person. “can I come back and choose new stuff if I get bored of these?” the man nodded.
I couldn’t see his smirk but I could certainly feel it, I felt a bit awkward about that not gonna lie. I told myself to act a little more scary and mean while I was in the Feeding room.
As we were heading to the next room, he stopped me dead in my tracks with a big beefy hand on my shoulder. He had a modulator in his other hand and strapped it around my neck like a father tying his sons tie for his first school dance (or at least that’s how it felt to me) and waves me to walk through the door. And there I was, after all these years spent wishing I could be here in person, after all of this time waiting and planning, and reveling in the thought of the glory ahead, finally I was here. The Feeding room.
Walking through the spacious dark room towards the metal table with a man strapped to it, I was now filled with a kind of focused aggression. The ominous sound of the buzzing flourescent light that I had heard in the beginning of so many Feeds flipped a switch in my mind. Everything seemed to be moving in slow motion, my heart was pounding, adrenaline pumping, not even a trace of second thought. I was all in on this, and loving every sweet, sweet second of it.
The man that was strapped to the table was just starting to come to, the chloroform they have probably been keeping him under with clearly wearing off. The metal table was angled up, so the man was almost standing straight up, and we were coming in from behind it. You could hear him starting to struggle a little bit as he realized he was strapped to a metal table, naked and alone. It wouldn’t be long now until he truly grasped his fate. Coming up to the table now, I turned to face him, the man that walked me in still pushing the cart with the tools I chose for this task. I could now see the man of the hour, ( hopefully more like several hours) the one everyone had been asking me about for the past week. Jesus did he look skinnier than I’d ever seen him, apparently the don’t feed their guests here too well. John was standing there, completely naked strapped to the table, fear embedded in his eyes.
The only thing I could think to say was “I always knew you had a small dick”. “who the fuck are you, you piece of shit?” he stammered. I just stood there silently, and could now feel my pulse in my throat and head, euphoria coursing through my veins. “All in due time.” I said to him through the modulator. Turning to the handler I had watched in so many videos over the past several years I said “are we ready to start? Cameras off and everything?”. He gave one silent nod. I smiled under my mask, and reached over to the table that was just out of johns site, the handler lowering the table. My hand came back into johns view holding a pickaxe, and he really started struggling now. “woah what the fuck? Dude stop” I chuckled as I stabbed it through the bottom of his foot. He screamed “please what the fuck I don’t know what I did but I’m sorry! Please PLEEASE can we just talk about this?”. He pissed himself, and by himself I mean all over the table, almost getting it all over me. “well that wasn’t very nice of you,” I said “lets see if we can make sure that wont happen again.”
Walking all the way around the table, nice and slow, strutting, almost dancing, plucking the pick axe that was still stuck into his foot with my finger with every step. His head followed my every movement, occasionally letting out a whimper or a scream as I plucked away at the axe. I pulled a knife off the table, as well as a small propane blow torch. “woah dude wait what the fuck man? Please dude please fucking stop please I don’t even know what I did” the last word more of a sob than a plead. he sounded like a little kid being put in the corner when he wanted to be playing with his friends. It was a tone I had never heard out of him before.
I gently place the knife at the base of his dick, and grabbed the rest of it. He was really squirming and screaming now. With a slow intensity, I sliced off his penis, millimeter by millimeter, and he let out some of the most sexually gratifying screams I had ever heard in my life. I laughed, put his penis down on the table next to him and picked up the torch. He was crying a weak, broken, and desperate cry now. As I turned on the gas and lit the flame I said “well we can’t have you bleeding out just yet, now can we?”. As i cauterized his nub he screamed louder and louder, I was getting sick of his melodrama. Everyone screamed, yeah, but usually they had given up hope by this point. I had to figure something out to stop that.
I walked over to the table and looked around, eventually finding something that might do the trick. It was a handle for a tapping drill, the bits used to thread holes so you can tighten screws into them. I grabbed that and some adjustable straps, and walked back over to his now amputated dick. Picking up the flaccid and pale penis I put it in between the jaws of the tap handle and tighten the jaws down on it. He let out a desperate whine as he watched, and looked the other way, seeming more and more defeated by the second. Once the jaws were sufficiently tightened around it, I looped one end of the strap around the handle of the tool, walked over to him, forced the dick in his mouth as well as the squared center of tap handle itself, stretching his jaw wider that it had probably ever been stretched. I secured the other end of the strap and began tightening it. His eyes went cold, still weakly sobbing. He finally truly grasped the depravity he was about to suffer.
A few hours went by like this, and my friend was barely recognizable anymore. Skin and muscle hanging off broken bones, mangled and amputated body parts like fingers and toes and a foot laying on the table and the floor, discarded like the snack wrappers john had strewn all over his room. He was going to bleed out soon and all three of us knew it. So I raised the table back up into a standing position, grabbing the knife I had used earlier to remove his genitals while I did it. You could tell he would have been too weak to hold himself up, but the strap that had been secured to his forehead had made sure his head stayed in place.
After removing the makeshift ball gag, I slowly lifted my mask from my face, took of the modulator, and dropped them both on the floor. I could tell he thought he was hallucinating. “hello john,” I said with my normal voice “nice to see you again.” He began to cry. “w…. Why?” He cried weakly. I just smiled, raising the knife to his strapped down head. As I began to cut off his face, he got quiet. Clearly too confused and betrayed by this situation to care what happened to him at this point.
Once it was fully removed from his skull, I move over to the table, and grabbed the final tool. The tool that would take his life. I walked back in front of this weakened, dying friend of mine holding the tool, wearing his face over mine like a mask, he was making eye contact, not that he had much choice due to his lack of eye lids. "goodbye john" I said with a smile. I raised the Kukri up, and swung it horizontally at his neck. Within two full chops and a final slice, his head was removed, and his life was over.
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The reason I told you this story is simple. I have gotten bored of watching, and at this point even participating in these Feeds. The thrills of the Feed alone aren’t even enough to make me cum weakly anymore. So I figured telling all of the fine people of reddit about my exploits could help that goal along. With the knowledge that people know exactly what I, and people like me are doing, regardless of whether or not you know me, and knowing you can do nothing to stop it, I will find the purest ecstacy.
Whether or not you believe in my story or about my existence, just know that there are thousands upon thousands of people just like me. We are everywhere. We are ghosts. If you don’t know one of us directly chances are you know someone that does. We could be your neighbor, a new acquaintance, a police officer in your town, your mayor, your best friend of 20 years, your brother, your father, or your sister. And by the time you realize you’ve chosen the wrong associations, before you even come close to getting a whiff of our stench of reality and death, the Feed will have already begun.
“I'm the fall of man
Giving birth to sin
Your god knew my disguise
And still allowed me in
I am a slave to pain
Without a chance of peace or love
But I'd rather reign below
than be a servant up above”
– Reckless “Judas Iscariot”
submitted by Gh0st_666dot to nosleep [link] [comments]

Bitcoin, Cryptocurrency, Finance & Global News - March 22nd 2020 Will This Technical Indicator CRASH Bitcoin? -30% Last Time It Happened! How to Value a Bitcoin  New Ellipal hardware wallet This man threw away $6 million worth of Bitcoins - BBC ... Bitcoins hard drive worth £4m accidentally thrown away

A man who threw away a computer hard drive containing more than £4m of the digital currency Bitcoin has told Sky News he is devastated. Mr Howells told Sky News: "It's absolutely devastating to be honest, there's not a feeling I can compare it to." Mr Howells only realised the value Bitcoin operates in a really interesting way as that price becomes that signal to the market, like, hey, come pay attention to this, but it also signals to the businesses, like, hey, be prepared as the price goes down, be prepared for a drop in your customers, and it’s really, really hard when Bitcoin businesses when they had, you know, let’s say you have…you know you could be paid in ... A few months later it was worth $9.9 million. I was annoyed, pissed off, sick. I spoke to the people at the landfill and told them that I threw away a hard drive worth $10 million. They looked at ... You actually only lost out on $4k worth of BitCoin. As you stated yourself, a few months later when you remembered that you threw the drive away with the current value at $4k, you said you could have used the money then. It's safe to assume that if you still had the bitcoin then, you would have attempted to sell at that price. Bitcoin's upcoming halving has led to a surge in interest from investors in the cryptocurrency, with some enthusiasts making wild predictions about how much it could be worth over the next few years.

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Bitcoin, Cryptocurrency, Finance & Global News - March 22nd 2020

James Howells is kicking himself after throwing away a computer hard drive worth millions of pounds. The IT technician made the massive blunder after accidentally getting rid of the drive which ... Free Stock Video Recommended for you. 41:56. Radiohead - Creep - Duration: 3:57. Radiohead Recommended for you. 3:57. Hard Drive Repair -ซ่อมฮาร์ดดิสก์ ... How to Identify the Signs that Fake News is Driving the Stock Market Wealth ... HUGE CRASH IN STOCK MARKET!! BITCOIN $11,000 TARGET & Bybit $100 GIVE-AWAY!! - Duration: 10:01. The Moon 22,261 ... Earn Free Bitcoin 2020 - How to Earn Bitcoins Legal - Earn Money Online Earn Bitcoin HERE→ http://bit.ly/BTCMINERPRO ← #Crypto #HowToEarnFreeBitcoin #Blockch... bitcoin has been the best preforming asset for the past 10 years, the volatility may scare many investors away, but the question still remains… How do we val...

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