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20 Mar, 10 tweets, 5 min read
1/ There are many that are shocked by the @CFTC's press release condemning @coinbase (and @brian_armstrong) criminal behavior.

But that's likely because you all forgot that this is who @coinbase has always been!

Let's take a trip down memory lane, shall we?
2/ In 2015, it was revealed that Coinbase had lied about its regulatory status - sfgate.com/business/artic…
3/ On July 18th, 2018, Coinbase published an announcement informing the cryptocurrency space that it had lied about receiving regulatory approval from the U.S. government to “list coins considered securities” - cointelegraph.com/news/coinbase-… (Coinbase Retracts Announcement)
4/ On June 20th, 2018, Mashable published a bombshell article revealing that scores of complaints had been filed against Coinbase at the SEC and other government agencies alleging fraud, negligent practice, and other general malfeasance - mashable.com/article/sec-co…
5/ On July 2nd, 2018, it was revealed that Coinbase’s broker had been censured and fined by the SEC for lying about how they were handling user funds (they used money for investment to pay off loans & ball out) - sec.gov/news/press-rel… Image
6/ In June 2016, a bombshell Reddit post exposed numerous half-truths and opaque background associations related to Coinbase and Circle - reddit.com/r/Bitcoin/comm…
7/ On March 6th, 2018, Coinbase was sued by investors for their nefarious, surprise Bitcoin Cash listing (which they promptly stopped trading for almost immediately after its listing on the exchange) - cnbc.com/2018/03/06/bit…
8/ June 5th, 2018, investors filed suit in the Northern District of SF, alleging gross negligence on Coinbase’s part due to the failure on their part to prevent the owner of the now-defunct crypto exchange, Cryptsy, from cashing out funds he had stole coindesk.com/judge-reopens-…
9/ Most recently [December 2020], the New York Times published a bombshell report detailing Coinbase’s flagrantly racist and sexist employment practices in explicit detail = nytimes.com/2020/12/29/tec…
10/ In 2018, the New York OAG Published a Comprehensive Report on Various Exchanges in the Crypto Space ; In the OAG’s Report They Exposed the Fact That Coinbase Was Counter Trading Against Their Own Users (among other nefarious market practices) = coindesk.com/coinbase-dispu…

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More from @librehash

librehash Profile picture
23 Mar
1/ Assuming you're referring to the CFTC report on Coinbase's market activity, you can trace this via unusual activity occurring in one of the deposit addresses.
2/ That's how I discovered that QuadrigaCX was trading on its own exchange (and more specifically, that it was Gerry Cotten or someone else in an administration role). The analysis was painstaking, but I'll walk down a super brief example in the next tweets.
3/ Attached to this tweet is a screenshot of the 0x0247BC4E03142079CfA2E3Daf500722Ed0F9A6b2 address.

The pattern we see of funds being sent in and then immediately being swept to the exchange means that this is more than likely a deposit address (i.e., should be a custie addy) Image
Read 11 tweets
librehash Profile picture
20 Mar
1/ This post is going to break down the @monero backdoor that I've been referencing (that got @fluffypony so riled up he had to make false, defamatory claims about me "exit scamming"; imagine he was red in the face banging his keyboard when he wrote this one) Image
2/ To be clear, this post is referring to this Monero proposal: ccs.getmonero.org/proposals/xiph…; which was successfully funded with 181 XMR, currently worth > $40,000.

Here's the relevant GH repo we're going to dissect = github.com/tevador/monero… (linked from the proposal) ImageImageImage
3/ To start, the idea that this wallet repo will save "5 bits reserved" for "future updates", makes zero sense.

The bits he's referring to here are generated from entropy & only exist in an ephemeral, indistinguishable form (how would one select the "5-bits"?) Image
Read 16 tweets
librehash Profile picture
20 Mar
1/ ICYMI, I schooled the entire @monero community and exposed @fluffypony as a pseudo-intellectual wannabe bully that forgot he ran into the crypto space's biggest bully.

See them get humbled here - reddit.com/r/Monero/comme…
2/ To be clear, the original Reddit post was created to urge the community to pay @veorq more money than what they offered because he's actually worth more - and he has the intelligence, expertise & proven ability to help curate unique solutions that could enhance Monero. ImageImageImage
3/ @fluffypony attempted to respond...and, well, let's just say that this is where it got embarrassing (he was mad that I pointed out that Monero is trying to push a wallet solution with a backdoor in it) Image
Read 5 tweets
librehash Profile picture
17 Jan
1/ Wrote an article here about an exchanger that allows you to swap several different cryptocurrencies for Monero without KYC or logins at all

librehash.org/alfacash-a-mon…
2/ Being the eternal skeptic, wanted to test if this website was actually legitimate (there are a lot of crypto scams out there; way too many)..

So we start off visiting the main website and set up a LTC:XMR conversion.
3/ The Monero address that you see in the picture above was created using this "mindwallet" altered tool created by Pactito (patcito.github.io)
Read 11 tweets
librehash Profile picture
17 Jan
1/ Polkadot is a really well-designed project with some extremely smart folks at the helm - but their plan for interoperability with Bitcoin won't work for a few reasons that will be explained in detail within this thread. #Polkadot $DOT #Parity
2/ Documentation on the proposed 'bridges' for $DOT can be found here = wiki.polkadot.network/docs/en/learn-…

This is where the 'XClaim' protocol is introduced.
2a/ One major setback stopping this from being trustless from the jump is the fact that Polkadot does not use Proof of Work (that is necessary) - but even putting this to the side, there are critical elements missing.
Read 21 tweets
librehash Profile picture
16 Jan
1/ Anyone can be in crypto if they want to be.

But there needs to be a lot more transparency in this space for those using the technology directly as well as those that are investing.
2/ The Electrum wallet hacks are a prime example of how you can get screwed in this space even if you are just a "user"..

zdnet.com/article/bitcoi…

This problem has been pervasive for Electrum wallet users for over 2 years.
3/ Of course, we don't even need to speak on Ledger wallet users - that debacle has only gotten worse over time.

cointelegraph.com/news/ledger-da…
Read 5 tweets

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