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Cory Swan | PacificBitcoin.com Profile picture
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Nov 8 • 11 tweets • 4 min read
It’s time for a greatest hits thread about FTX and Scam-Bankster Fraud.

The signs were there all along.

A thread 🧵 👇

Starting with the most obvious contradiction:

Continuing with this classic, in which SBF explains exactly how defi frauds work

I was but one of MANY Bitcoiners who didn’t buy the “SBF is the JP Morgan of crypto” b.s. for even a split-second

The obviously self-serving economics of SBF trying to bail out the failing cefi lenders to protect himself:

Taking a break for a fantastic meme

Blatant lies are usually a pretty good tell.

Quick side note that SBF’s pet pump-and-dump Solana is completely full of sh*t

And a reminder that “Web3” is fake, just crypto scammer marketing from SBF and @a16z

SBF was never actually smart in the most important ways (like not going to zero)

Even during the collapse, it’s obvious that fairness and justice were never part of the equation for the supposed “altruist"

Why do I care? Because I’m sick of having Bitcoin associated with scammers and charlatans.

It’s BITCOIN, not crypto, not blockchain.

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More from @coryklippsten

Cory Swan | PacificBitcoin.com Profile picture
Nov 6
This would be hilarious. Clash of the Sh*tcoin Titans 😂

The theory is that CZ is about to rekt Scam Bankster-Fraud.
Read 4 tweets
Cory Swan | PacificBitcoin.com Profile picture
Nov 4
The FLYWHEEL SCHEME has been the dominant business model in “crypto” “cefi” from the past three years. It was as dirty as ICOs, maybe worse in wealth destruction and delay of Bitcoin adoption.

Major perpetrators:
FTX/Alameda
Celsius
Crypto dotcom
Nexo
Babel
Voyager
and more Image
From dirtybubblemedia.substack.com/p/is-alameda-r… by @MikeBurgersburg
STEP 1

“Create a token: Tokens are literally just bits of code on a blockchain. Program that sucker up and get rolling. Make sure you retain the majority of those tokens on your balance sheet for maximum flywheeling.”
Read 7 tweets
Cory Swan | PacificBitcoin.com Profile picture
Nov 4
Bitcoin is the 6th Technological Revolution

1) Industrial - beginning c. 1771

2) Steam & Rail - 1829

3) Steel, Electricity & Heavy Engineering - 1875

4) Oil, Autos & Mass Production - 1908

5) Information & Telecommunications - 1971

6) Bitcoin - 2009
Do NOT expect a technology adoption curve, like for iPads.
A technological revolution like #Bitcoin disrupts ALL industries, not just one or a few. These cycles take 50-60 years historically, not just one or two decades.

Applying Carlota Perez's framework to Bitcoin, I think we're still in Irruption, and we haven't seen Frenzy yet.
Read 6 tweets
Cory Swan | PacificBitcoin.com Profile picture
Nov 3
Cory in March 2022: "Do Kwon gives me Elizabeth Holmes vibes."

@samcallah in November 2022:"Sam Bankster-Fraud gives me Do Kwon vibes." 😂
Read 5 tweets
Cory Swan | PacificBitcoin.com Profile picture
Oct 3
1/ TD₿: Stop Drinking the Elite's Kool-Aid by @nayibbukele

TL;DR - If El Salvador succeeds with Bitcoin, many countries will follow, which is why institutions are fighting them so hard.
2/ El Salvador making Bitcoin legal tender in September 2021 was without a doubt one of the biggest stories in Bitcoin over the last 5 years. It solidified a place in history for this small Latin American country as the first sovereign nation to officially adopt Bitcoin as money.
3/ Since then, it has been extraordinary to watch the pushback ES has received from the mainstream media and international financial institutions around its Bitcoin policy.

The IMF called on ES to "narrow the scope of the Bitcoin law by removing Bitcoin's legal tender status.”
Read 15 tweets
Cory Swan | PacificBitcoin.com Profile picture
Sep 15
TD₿: The Future of Bitcoin Mining Protocols: Making Every Watt Count by Rachel Rybarczyk

TL;DR Stratum V2 makes communication between miners and mining pools more efficient and protects the network against the risk of pools censoring transactions.
I’d like to turn your attention to a part of Bitcoin you may have never heard of before if you are not in the mining industry.
Stratum V1 is a Bitcoin messaging protocol that allows miners to communicate with mining pools to contribute hash rate to the network and create blocks in a standardized manner.
Read 21 tweets

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