1/18 @SimonDixonTwitt, I could have sent you this by Twitter DM, but decided to send it to you on Twitter so that the entire community can see what I’m thinking. (For the record, I’ve never sent Mr. Dixon a DM before)
2/18 Mr. Dixon, (@SimonDixonTwitt), your greatest strength is raising money and our greatest strength is the community. So let’s have a discussion.
3/18 I would not ask you to raise money and demand you make us 100% whole because that is truly unfair to you and your investors, because you could make us 100% whole today and we all withdraw our funds and run off on you because we, the depositors, have no skin in the game.
4/18 Let’s do an 80/20 split then, meaning we get 80% of our funds back withdrawable over a six-month or one-year time period (we can use my CEL utilities tier system proposal that @cryptoismyjam, @iTzAnthonyNap and I worked on).
5/18 I think we do limited withdrawals over said time period until you guys get your legs under you. This will be a true team effort between you and your investors and the community, and we will all put our best foot forward to make this work once we exit Chapter 11.
6/18 I propose an 80/20 split so that the community has enough skin in the game and you and your investors will feel very comfortable that we won’t run off en masse on you because you’re the ones putting up the cash to bail us out.
7/18 If you make us 80% whole and give us 20% equity, I personally will stay with you, I promise, I won’t run off, and lots of people in the community would also stay with you, meaning stay with Celsius.
8/18 We would be ungrateful SOB's if you, @SimonDixonTwitt, rescues us from Chapter 11, we then withdraw all of our coins and leave you en masse, thereby making your investment in us worthless. That won't happen. We are a very loyal community, albeit every one of us in this
9/18 community feels hurt and betrayed right now by what @Mashinsky did with our coins without our consent, mainly changing the Terms of Use on us and investing our coins in the #Bitcoin mining facility. I can promise you I would never run off on you,

10/18 and I’m sure many people in the community feel the same way. We would be honored to stay with you and help you build this company and create the biggest borrowing/lending company the size of @coinbase the world has ever seen, take it public and we exit together through an
11/18 IPO, making you and your investors billions of dollars, and we collect our 20% equity. And guess what, we would be going up against @FTX_Official, and you already know how we #CELShortSqueezers feel about @FTX_Official. So it would be my pleasure to stay and help you build
12/18 this thing and fight @FTX_Official every step of the way. @FTX_Official already stole @investvoyager away from you in a "suspect" bid, and I know now based on what you told me that @investvoyager was part of your plan, along with @SaltLending & @CelsiusNetwork.
13/18 Let's put our heads together and do our best to not let them steal @CelsiusNetwork. I still feel 100% confident that if @CelsiusNetwork and @SaltLending come together we can make this happen, and both depositors and you and your investors will benefit tremendously.
14/18 Mr. Dixon, we are in a down market, which means the hole has shrunk by about 25% to 30% (not 100% sure of the math). I think about $850 million at current #Bitcoin and #ETH prices will plug the hole.
15/18 Keep in mind the 3 assets that were used to finance the #Bitcoin mining facility are #Bitcoin, Ethereum and USDC, and if you look at the Coins report submitted to the Court by Celsius, those are the 3 buckets that are affected. Most other assets were not touched.
16/18 The #Bitcoin mining facility alone will be worth billions in the next bull market, so let’s do this. #LFG
17/18 CEL token can be discussed later. We can discuss this via DM or other means of communicaiton and do what's best for the community. I know I'm willing to try my best to strike a deal that benefits both you and the community. The world needs a company like @CelsiusNetwork.
18/18 If you agree with me and want @SimonDixonTwitt and I to work together for the good of the community to accomplish this goal, like/RT and comment why.

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More from @otisa502

Oct 1
1/12 All of you — except a select few that participated in the #CelShortSqueeze — sat there and did nothing. Now the same FTX that shorted $CEL to death is now coming to buy @CelsiusNetwork from under us, and none of you did anything to stop it, under the presence that
2/12 the #CelShortSqueeze people are a bunch of idiots and they don’t know what they’re talking about. I know we tried, and only a few select people tried to help in the war; the rest of you sat on your hands and did nothing, only to realize now that SBF and FTX has always been
3/12 hunting down @CelsiusNetwork, and now they’ll try to succeed and exit their 20 million CEL short position by just buying the company for pennies on the dollar and leaving us with nothing. I know what people will say, how do you know they’re shorting $CEL? Well, all
Read 12 tweets
Sep 30
He clearly didn’t tell us about @SALTLending talks, so that’s a lie by omission. He did say he couldn’t tell us because @Mashinsky was CEO, though, which I accept. You continue your lying spree.

A @Mashinsky backer wouldn’t tweet this to the community:

That’s not what I said. You are a liar. I said a million times, and I’m telling you again, stop being on @Mashinsky’s side and stop being on @SimonDixonTwitt’ side. Be on your fellow user’s side. You’re complaining I treated @SimonDixonTwitt harshly, yet Simon
is not complaining. Are you his defender? Simon can defend himself very well, and he does a great job defending himself. You were not in the spaces last night when @SimonDixonTwitt came and explained things to us and that yes, he made mistakes, that he’s human, etc., then he told
Read 7 tweets
Sep 30
1/5 The hole is basically $1.2 billion — which is disputable — which will now be less because the market has crashed even worse since the June 12, 2022 “Pause.” On the date Celsius “Paused” withdrawals, #Bitcoin was at $28,500, which meant the hole was $1.2 billion.

@CelsiusUcc
2/5 Now that #Bitcoin is at $19,500, the hole is smaller, meaning the hole will be below $1 billion, perhaps $850 billion. Make no mistake, that hole didn’t get smaller because @CelsiusNetwork paid it down or generated revenue; the hole is smaller because the price of
3/5 #Bitcoin and ETH dropped significantly. #Bitcoin dropped $9,000 between the June 12th “Pause” date until today. Also, the reverse is true, meaning if #Bitcoin goes to $37,500 the hole will get significantly bigger, perhaps a $2.1 billion hole. I say all this to say: Celsius
Read 6 tweets
Sep 29
You’re clueless. And believe me, I don’t want to be a leader, I just want my coins back. I have no desire to do this but for the fact that I want my coins back, and if I can get my coins back everybody else will get their coins back. You think I like spending hours making videos,
writing Twitter threads and writing Medium articles? Believe me when I tell you I have better things to do with my time. But I do it because no one else will and people like you are simply ungrateful and will never be satisfied. All I try to do is look out for your best interest
and you are upset. I don’t wish to be your leader or anyone else’s leader. I just want my coins back, and I will do whatever it takes to get them back, even if some people see that as being a “leader.” What have you don’t to help this community get their coins back? Nothing.
Read 4 tweets
Sep 25
1/6 Thank you very much. We put a lot of time and effort into this. We don’t talk and present nothing. We tell the community what we are doing, then put the plan in writing + YT video for everyone to see, then we hold a Spaces and allow the community to ask us questions about
2/6 our plan. This is how it should be, you present a plan to the @CelsiusUcc and the community for all to see your motives and what your agenda is — and you better believe I have an agenda, which is to make us as whole as possible. The only question you as a Celsius user need to
3/6 ask yourself is does my agenda of making us as whole as possible conflict with your agenda. That’s the question you need to ask yourself. And I don’t just talk about what I want, I produce evidence backed by numbers and show the community in writing and video what I want and
Read 6 tweets
Sep 23
1/33 CEL Token Utility is Essential for Chapter 11 Recovery Plan & Onwards

6 ways to increase CEL utility, build up Celsius' treasury & ensure a bank run NEVER happens again

📽️ @YouTube explainer video:

📝 @Medium article: link.medium.com/lDf9uay4ytb

🧵 👇
2/33 Every great crypto company has a great utility token.

@Binance has $BNB, @FTX_Official has $FTT & @cryptodotcom has $CRO.

When Luna crashed in May 2022, Binance didn’t bat an eyelash at the $1.5 billion loss.

Why?
3/33 Binance has $BNB (market cap of $50 billion at the time of the crash, $42 billion in today’s valuation), at its disposal.

By creating strong utilities around $BNB, Binance also created a war chest, which insulated them from the staggering $1.5 billion loss on Luna.
Read 33 tweets

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