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Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

sofiaglobe.com

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Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#121
post #119

Earlier quoted context omitted.

> skeptical of yield products Yield products aren't the problem, they're a symptom. The problem is wanting to buy something that has no value and hoping to sell it to someone else who in turn is also hoping to sell it to someone else even higher. Bitcoin, NFT, yield products, etc, they're all manifestations of the same thing.

You just described basically the entirety of finance

You just showed you don't know anything about finance.

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#122

> She said that investigators had proof that a Nexo client, who used the company’s platform to transfer cryptocurrencies, was a person officially designated as financing terrorism, but gave no further details. All crypto is some form of crime, money laundering, evading sanctions, funding terrorism, or just a ponzi scheme, it's just different sides of the same thing. I wish this space would totally collapse. Maybe if…

To be fair, crypto was the easiest option when I ordered some stuff from Russia, so score one to it.

Which website, may I ask? Or were you literally just buying from one Russian individual.

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#123

Earlier quoted context omitted.

Shady. Willing to be paid in strange currencies deposited in overseas banks. Likely to have tax troubles one day. Knows how to buy a plane ticket using cash. Strong opinions on Krugerrand valuation. Owns a motorcycle without an odometer. Bought a house with a series of 9,999$ travelers checks. More likely to install a Kim Dotcom-type panic room than run for public office.

Out of curiosity: why motorcycle without odomet?

The same reason your cell phone fell out of your pocket in the driveway before the trip. So that it never happened.

I think this is easier with bikes because there's more repair culture and more off-roading. Off-road bikes generally have all non-essentials stripped and left in a box, blinkers, odometer, fancy fenders...

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#124
post #19

Earlier quoted context omitted.

Disruptive product-oriented technologist, with a mind for optimizing customer-business needs.

Shady. Willing to be paid in strange currencies deposited in overseas banks. Likely to have tax troubles one day. Knows how to buy a plane ticket using cash. Strong opinions on Krugerrand valuation. Owns a motorcycle without an odometer. Bought a house with a series of 9,999$ travelers checks. More likely to install a Kim Dotcom-type panic room than run for public office.

> Shady.

> Willing to be paid in strange currencies deposited in overseas banks.

I'd need a more concrete definition for 'strange currencies', but discriminatory behaviour shouldn't be applied to anyone that has an account overseas, especially in the age of global banking & cross-border payments.

> Likely to have tax troubles one day.

On the one hand, this will definitely happen: Internationally-acquired income often subsequently leads to poor tax handling, especially if the individual involved is unfamiliar with the intricacies of filing taxes for such sources of income.

However, it is also a consequence of overlapping jurisdictions & law enforcement, with unified, clear & unambiguous definitions being the exception rather than the norm.

> Knows how to buy a plane ticket using cash.

Why is using cash a problematic behaviour now? Just because I still use cash doesn't mean that I should be classified as 'shady'.

> Strong opinions on Krugerrand valuation.

Tried to search this & only found references to the gold coin with the same name. As similarly stated beforehand, why is being a goldbug now 'shady'?

> Owns a motorcycle without an odometer.

...I can see why: An odometer, coupled with the motorcycle's purchase histories, is a good way of finding out the roads that a person used to travel on with some reliability.

> Bought a house with a series of 9,999$ travelers checks.

Same as the plane ticket: The large denomination will raise eyebrows, but it shouldn't be used as a marker for discrimination.

> More likely to install a Kim Dotcom-type panic room than run for public office.

...This is similar to the odometer-less motorcycle: The individual wanting to install a panic room is likely someone that's thinking about worst case scenarios, & planning with that in mind.

------

All of the listed "shady" traits stem from a core: Paranoia, specifically paranoia of a malicious State. More generally, it's the fear that the State will use the information it gathered about a person for unwarranted surveillance & eventually prosecution over the slightest infractions.

In earnest: Why is paranoia suddenly a "shady" thing?

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#125
post #116

[flagged]

financing terrorism (most likely related to the Russian/Ukrainian war as this is a conventional war, what do you mean financing terrorism? was he financing russia or ukraine?

You're mistaking insurgency for terrorism. This is referring to Russia terrorizing the civilian population of Ukraine by systematically attacking purely civilian targets.

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#126
I've recently tried sending money using different cryptos - Bitcoin, Ethereum, and USDC - this was the slowest, most expensive, and overly complicated funds transfer I've ever done! During the same week, I transferred money via Wise and Revolut - from one currency to another, etc. Of course, that latter beats any crypto! Not to mention that with regular wires you're charged a fixed fee - even if you send millions, the cost is the same, unlike with crypto, which ended up being a huge percentage trying different means to minimize the cost. To be honest, the only wonderful thing crypto offers is the ability to sign stuff with your wallet right in the browser - nothing else in the crypto world makes any sense! Everything else is just an elaborate pyramid or daylight robbery scheme and nothing more!

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#127
post #125
post #116

Earlier quoted context omitted.

financing terrorism (most likely related to the Russian/Ukrainian war as this is a conventional war, what do you mean financing terrorism? was he financing russia or ukraine?

You're mistaking insurgency for terrorism. This is referring to Russia terrorizing the civilian population of Ukraine by systematically attacking purely civilian targets.

Didn't America do the same in Iraq? In fact, the first thing America did there was to destroy civilian infrastructure.

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#128
post #125

Earlier quoted context omitted.

You're mistaking insurgency for terrorism. This is referring to Russia terrorizing the civilian population of Ukraine by systematically attacking purely civilian targets.

Didn't America do the same in Iraq? In fact, the first thing America did there was to destroy civilian infrastructure.

We're not only talking about infrastructure. We're also talking about wholesale killing of civilians. And, if someone else does it, does that change what it is? Terrorism does not have an ambiguous definition.

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#129
post #128

Earlier quoted context omitted.

Didn't America do the same in Iraq? In fact, the first thing America did there was to destroy civilian infrastructure.

We're not only talking about infrastructure. We're also talking about wholesale killing of civilians. And, if someone else does it, does that change what it is? Terrorism does not have an ambiguous definition.

You should check America's own data on the hundreds of thousands of civilians killed in Iraq! And this is not even mentioning the estimated half a million children who died due to the embargo before the war, which Madeleine Albright said was worth it in an interview!

Re: Bulgarian law enforcement raids offices of cryptocurrency firm Nexo

#130
post #128

Earlier quoted context omitted.

Didn't America do the same in Iraq? In fact, the first thing America did there was to destroy civilian infrastructure.

We're not only talking about infrastructure. We're also talking about wholesale killing of civilians. And, if someone else does it, does that change what it is? Terrorism does not have an ambiguous definition.

And there's no such thing as terrorism during a war! Did America terrorize civilians in Serbia during the bombing - it surely did! Did it declare war on Serbia? Certainly not!
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