So, why did $TRUMP choose to start a shitcoin and why on Solana?
Shall we follow the 'MoNeY' to find out if there are any conflicts of interest and misaligned incentives?
🧵
Shall we follow the 'MoNeY' to find out if there are any conflicts of interest and misaligned incentives?
🧵
1. Who is David Sacks and why was he chosen to be the CrYptO Czar for Trump's administration?
He is a general partner of Craft Ventures, a venture capital fund he co-founded in late 2017.
Craft ventures focus on 'Leaders in B2B software'.
And also seem to have a keen interest on anything Musk is building.
Including:
Space X
X
XAi (grok)
and even The Boring Company, weird.
Ok, so is there any connection to Musk?
craftventures.com/portfolio
He is a general partner of Craft Ventures, a venture capital fund he co-founded in late 2017.
Craft ventures focus on 'Leaders in B2B software'.
And also seem to have a keen interest on anything Musk is building.
Including:
Space X
X
XAi (grok)
and even The Boring Company, weird.
Ok, so is there any connection to Musk?
craftventures.com/portfolio
2.
Well, yes and more than both being South African-Americans.
Musk and Sacks are connected through Paypal.
Sacks was COO whilst Musk was CEO.
Nicely sitting atop the tree of the Paypal Mafia.
en.wikipedia.org/wiki/David_O._…
Well, yes and more than both being South African-Americans.
Musk and Sacks are connected through Paypal.
Sacks was COO whilst Musk was CEO.
Nicely sitting atop the tree of the Paypal Mafia.
en.wikipedia.org/wiki/David_O._…
3. But what does this have to do with Solana, the appointment of Crypto Czar or the TRUMP shitcoin?
Well, we now have to assess whether or not there is a conflict of interest, signs of insider trading or nepotism.
So let's dig in.
Sacks also invested, via Craft Ventures into another fund called MultiCoin.
Here is his own article about why:
multicoin.capital/2018/03/12/why…
Well, we now have to assess whether or not there is a conflict of interest, signs of insider trading or nepotism.
So let's dig in.
Sacks also invested, via Craft Ventures into another fund called MultiCoin.
Here is his own article about why:
multicoin.capital/2018/03/12/why…
4. Who are Multicoin?
"As a crypto-native fund, we actively engage and participate in the networks we invest in. Moreover, we are intimately familiar with the crypto technology landscape and market structure. We are hands-on investors, and will do everything in our power to maximize the success of our portfolio companies."
multicoin.capital/about/
"As a crypto-native fund, we actively engage and participate in the networks we invest in. Moreover, we are intimately familiar with the crypto technology landscape and market structure. We are hands-on investors, and will do everything in our power to maximize the success of our portfolio companies."
multicoin.capital/about/
5.
So to recap, Sacks, through Craft Ventures now has a direct interest in the success of any companies that MultiCoin have invested in.
Who, to use their own words from their own website "will do everything in our power to maximize the success of our portfolio companies".
Ok, so who do MultiCoin invest in?
Well, literally 100's of Shitcoin projects, you have to scroll it to believe it.
multicoin.capital/portfolio/
So to recap, Sacks, through Craft Ventures now has a direct interest in the success of any companies that MultiCoin have invested in.
Who, to use their own words from their own website "will do everything in our power to maximize the success of our portfolio companies".
Ok, so who do MultiCoin invest in?
Well, literally 100's of Shitcoin projects, you have to scroll it to believe it.
multicoin.capital/portfolio/
6.
So how would Sacks be able to help steer these companies in the right direction and make sure there is enough hype around them to make sure his investments clear any 'lock-up' period so the funds can make an exit and make huge profits?
Well, from Sacks Wiki page:
he is a co-host of the All In podcast, alongside Chamath Palihapitiya, Jason Calacanis and David Friedberg.
Yes, he has a CrYpTo Podcast.
But Suuuuurely he would never brag about investments or exits he has made on that podcast with his other slimeball co-hosts, would he?
@SilvermanJacob has this clip of them doing exactly that below in 2021:
x.com/silvermanjacob…
So how would Sacks be able to help steer these companies in the right direction and make sure there is enough hype around them to make sure his investments clear any 'lock-up' period so the funds can make an exit and make huge profits?
Well, from Sacks Wiki page:
he is a co-host of the All In podcast, alongside Chamath Palihapitiya, Jason Calacanis and David Friedberg.
Yes, he has a CrYpTo Podcast.
But Suuuuurely he would never brag about investments or exits he has made on that podcast with his other slimeball co-hosts, would he?
@SilvermanJacob has this clip of them doing exactly that below in 2021:
x.com/silvermanjacob…
7.
So, yes, the clip shows them bragging about their Solana 'bags' and how they have pumped and beginning to dump them on retail.
"You better clear that Solana position, what's your lock up, 24 months?"
"Your holding right"
"Ish"
"ish, yeah me too".
Disgusting.
Watch again, then please share and bookmark Jacob's post.
x.com/SilvermanJacob…
So, yes, the clip shows them bragging about their Solana 'bags' and how they have pumped and beginning to dump them on retail.
"You better clear that Solana position, what's your lock up, 24 months?"
"Your holding right"
"Ish"
"ish, yeah me too".
Disgusting.
Watch again, then please share and bookmark Jacob's post.
x.com/SilvermanJacob…
8.
So back to MultiCoin, could they have invested in any 'projects' that were dependant on the Solana BlOcKcHaIn?
Loads:
01
Coral
Fractal
Hubble
Jito
MarginFi
Metaplex
Saber
Sec3
Serum
SOLANA
Solscan
Strata Protocol
Wormhole.
So back to MultiCoin, could they have invested in any 'projects' that were dependant on the Solana BlOcKcHaIn?
Loads:
01
Coral
Fractal
Hubble
Jito
MarginFi
Metaplex
Saber
Sec3
Serum
SOLANA
Solscan
Strata Protocol
Wormhole.
9. Wait, did they invest directly into SOLANA
Yes, yes they did.
"Today I’m excited to share Multicoin’s investment thesis in Solana, alongside the fact that we led an $20M investment in Solana. Here's Solana's press release."
Here is the press release.
multicoin.capital/2019/07/30/the…
Yes, yes they did.
"Today I’m excited to share Multicoin’s investment thesis in Solana, alongside the fact that we led an $20M investment in Solana. Here's Solana's press release."
Here is the press release.
multicoin.capital/2019/07/30/the…
10.
Wait, wait, wait, wait a minute.
So Sacks is now directly tied to dozens of companies running on the Solana BlOcKcHaIn AND the network itself!?
And is advising the President on CrYptO as his Czar?
This can't get anymore conflicted.
Can it?
Wait, wait, wait, wait a minute.
So Sacks is now directly tied to dozens of companies running on the Solana BlOcKcHaIn AND the network itself!?
And is advising the President on CrYptO as his Czar?
This can't get anymore conflicted.
Can it?
11.
We haven't fully considered nepotism yet.
So, Sacks is up to his knees in the Solana network, tokens AND dozens of 'UnIcOrnS' running shitcoin projects on it's BlOckChAin.
What was the weird part about Musk earlier and their connection via PayPal, it seems kind of weird to point that out.
We haven't fully considered nepotism yet.
So, Sacks is up to his knees in the Solana network, tokens AND dozens of 'UnIcOrnS' running shitcoin projects on it's BlOckChAin.
What was the weird part about Musk earlier and their connection via PayPal, it seems kind of weird to point that out.
12.
After leaving PayPal both went separate ways to start new ventures, famously Musk founded (joined) Tesla Motors and became (pushed aside existing) CEO.
There have been many ups and downs through the Tesla journey of Musk, but no story is weirder than the one involving the 2.6 BILLION acquisition of Solar City in 2016.
This acquisition left Tesla shareholders enraged as they saw it to be a "Bailout".
"Tesla shareholders alleged the company’s acquisition of the solar installer amounted to a bailout, pushed through by Musk who sat on both company boards at the time."
cnbc.com/2022/04/27/elo…
After leaving PayPal both went separate ways to start new ventures, famously Musk founded (joined) Tesla Motors and became (pushed aside existing) CEO.
There have been many ups and downs through the Tesla journey of Musk, but no story is weirder than the one involving the 2.6 BILLION acquisition of Solar City in 2016.
This acquisition left Tesla shareholders enraged as they saw it to be a "Bailout".
"Tesla shareholders alleged the company’s acquisition of the solar installer amounted to a bailout, pushed through by Musk who sat on both company boards at the time."
cnbc.com/2022/04/27/elo…
13.
So who were Solar City and why would shareholders believe this to be a 'Bailout' rather than a straight forward business acquisition?
Who were the founders and CEO of Solar City?
Lyndon and Peter Rive.
Big whoop, why does that matter?
"Lyndon Robert Rive (born 22 January 1977) is a South African-American businessman known as the co-founder of SolarCity, and its CEO until 2016."
"SolarCity is a provider of photovoltaic systems and related services. Rive co-founded SolarCity with his brother Peter in 2006."
en.wikipedia.org/wiki/Lyndon_Ri…
So who were Solar City and why would shareholders believe this to be a 'Bailout' rather than a straight forward business acquisition?
Who were the founders and CEO of Solar City?
Lyndon and Peter Rive.
Big whoop, why does that matter?
"Lyndon Robert Rive (born 22 January 1977) is a South African-American businessman known as the co-founder of SolarCity, and its CEO until 2016."
"SolarCity is a provider of photovoltaic systems and related services. Rive co-founded SolarCity with his brother Peter in 2006."
en.wikipedia.org/wiki/Lyndon_Ri…
14.
Big whoop.
Who cares that two South African-American brothers founded a Solar company that was acquired by Musk?
- For 2.6 Billion dollars.
- Against the wishes of his shareholders.
Well, you see, Lyndon and Peter are Elon's cousins, sons of his mother's twin sister.
So, yes, maybe the shareholders were onto something when they alleged that it could be a bailout rather than a prudent business acquisition.
ghanafuo.com/elon-musk-cous…
Big whoop.
Who cares that two South African-American brothers founded a Solar company that was acquired by Musk?
- For 2.6 Billion dollars.
- Against the wishes of his shareholders.
Well, you see, Lyndon and Peter are Elon's cousins, sons of his mother's twin sister.
So, yes, maybe the shareholders were onto something when they alleged that it could be a bailout rather than a prudent business acquisition.
ghanafuo.com/elon-musk-cous…
15.
Fear not, the shareholders were judged to be conthpirathy theorists and Musk won his case.
"Vice Chancellor Joseph R. Slights, who decided the case shortly before retiring, sided with Musk, writing: “Elon was more involved in the process than a conflicted fiduciary should be. And conflicts among other Tesla Board members were not completely neutralized. With that said, the Tesla Board meaningfully vetted the Acquisition, and Elon did not stand in its way.”
Fear not, the shareholders were judged to be conthpirathy theorists and Musk won his case.
"Vice Chancellor Joseph R. Slights, who decided the case shortly before retiring, sided with Musk, writing: “Elon was more involved in the process than a conflicted fiduciary should be. And conflicts among other Tesla Board members were not completely neutralized. With that said, the Tesla Board meaningfully vetted the Acquisition, and Elon did not stand in its way.”
16.
So what the AF does this have to do with Sacks, Solana, Musk and Trump?
Well....
Step up @realJakeSimmons with this report:
newsbtc.com/news/solana/el…
So what the AF does this have to do with Sacks, Solana, Musk and Trump?
Well....
Step up @realJakeSimmons with this report:
newsbtc.com/news/solana/el…
17.
WAIT WHAT?
Rive was bailed out (allegedly) then disappears to become an Angel Investor and is one of the first investors in Solana?
No way.
No fkn way.
Wait, what's this @martypartymusic ?
WAIT WHAT?
Rive was bailed out (allegedly) then disappears to become an Angel Investor and is one of the first investors in Solana?
No way.
No fkn way.
Wait, what's this @martypartymusic ?
https://x.com/martypartymusic/status/1721321570227159069
18.
Damn, this is getting weird.
So let's recap.
- Sacks is Trump's Crypto Czar and is knee-deep across the whole Solana spectrum.
- Trump's DOGE - Department Of Governmental Efficiency - (An anagram clearly chosen to pump another Shitcoin) is chaired by Musk.
- Musk's cousin is one of the first seed Angel Investors in Solana.
Damn, this is getting weird.
So let's recap.
- Sacks is Trump's Crypto Czar and is knee-deep across the whole Solana spectrum.
- Trump's DOGE - Department Of Governmental Efficiency - (An anagram clearly chosen to pump another Shitcoin) is chaired by Musk.
- Musk's cousin is one of the first seed Angel Investors in Solana.
19.
So, could it be at all claimed that maybe, just maybe there is a conflict of Interest, Insider Trading and Nepotism involved in launching $TRUMP ?
A Presidential Shitcoin on the SOLANA network!?
Would those involved be able to:
1. Protect pre-existing investments?
2. Pump pre-existing investments?
3. Dump pre-existing investments?
I am sure the Donald is very much the innocent party in this debacle and has been the victim of poor advice.
Perhaps he should consider clearing house of his CrYpTo AdViSorS on day -1 of his presidency?
Perhaps he shoud de-list $TRUMP effect immediately and make any tricked investors whole.
Perhaps we should be more vigilant (toxic) in the #bitcoin space and be ready to call out scams, even if they are at the highest level.
Or maaaaaybe this is all just me being a silly conthpirathy theorist.
Have a great Sunday, don't let all of this information worry you......
So, could it be at all claimed that maybe, just maybe there is a conflict of Interest, Insider Trading and Nepotism involved in launching $TRUMP ?
A Presidential Shitcoin on the SOLANA network!?
Would those involved be able to:
1. Protect pre-existing investments?
2. Pump pre-existing investments?
3. Dump pre-existing investments?
I am sure the Donald is very much the innocent party in this debacle and has been the victim of poor advice.
Perhaps he should consider clearing house of his CrYpTo AdViSorS on day -1 of his presidency?
Perhaps he shoud de-list $TRUMP effect immediately and make any tricked investors whole.
Perhaps we should be more vigilant (toxic) in the #bitcoin space and be ready to call out scams, even if they are at the highest level.
Or maaaaaybe this is all just me being a silly conthpirathy theorist.
Have a great Sunday, don't let all of this information worry you......
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