Take a minute to look at this and hit the like button if you understand or hit the reply button for questions..! image
For all those Dumb takes on supporting Tornado cash and privacy doomers... here's an opposite argument... It is a known fact that Lazarus Group, a state-sponsored cyber-hacking group operating out of North Korea laundered over $500M through tornado-cash. Here are some examples of the damage they have inflicted: Financial Losses The Bangladesh Bank Heist (2016): Lazarus Group successfully stole $81 million from Bangladesh's central bank by hacking into the SWIFT banking system. This was one of the largest cyber heists in history. Cryptocurrency Thefts: They have targeted and stolen millions from cryptocurrency exchanges and users, with estimates ranging from hundreds of millions to over $1 billion stolen over the years. Bank Heists: In addition to Bangladesh Bank, they have stolen funds from banks in multiple countries like Ecuador ($12 million from Banco del Austro), Poland, and Mexico. Operational Disruption WannaCry Ransomware (2017): The WannaCry ransomware attack crippled over 300,000 computers across 150 countries, causing significant disruption particularly in healthcare systems like the UK's NHS which had to divert emergency patients. Sony Pictures Hack (2014): Lazarus Group stole massive amounts of data and destroyed 75% of Sony Pictures' internal servers, leading to reputational damage and the cancellation of the movie "The Interview" theatrical release. Critical Infrastructure Targeting Recent evidence suggests Lazarus Group targeted energy providers in the US, Canada, and Japan in 2022 by exploiting Log4j vulnerabilities to gain persistent network access, posing risks to critical energy infrastructure. The group's evolving tactics, including supply chain attacks and exploiting zero-day vulnerabilities, make them an persistent threat capable of crippling operations and causing major financial losses across industries and nations. Look at from the victim's standpoint. And imagine they use the money to create nuclear bomb and destroy human civilization? Link to paper that references this. https://www.emerald.com/insight/content/doi/10.1108/JFRC-04-2023-0065/full/html
mash.com is shutting down.. take out any funds if you have on their wallet. https://x.com/getmash/status/1787863323825893499 image
is any nostr client using NIP-29? #asknostr - relay based groups? πŸ“ƒ.md
WTF Starbucks Pay? image
My Contrarian Take on the Recent Samurai Team Arrest The arrest of the Samurai team should not be viewed as an attack on privacy. I urge you not to rely on any articles published by Coindesk, Forbes, or any other Bitcoin influencer or crypto expert who might be trying to spin their own narrative. Instead, please refer directly to this site: The crux of the article highlights, β€œWhile offering Samourai as a β€˜privacy’ service, the defendants were aware that it was a safe haven for criminals to engage in large-scale money laundering and sanctions evasion. Indeed, as the defendants intended and clearly understood, a substantial portion of the funds processed by Samourai were criminal proceeds, funneled through Samourai for the purpose of concealment.” Therefore, it is the responsibility of law enforcement to demonstrate that the team was aware of the criminal activities, including large scale money laundering, yet failed to report them. Failing to report known criminal activity is an offense, as illustrated by the case of Charlie Sherem, a prominent Bitcoiner and CEO of BitInstant, who was jailed for knowing about illicit activities and not taking action to report or prevent them. The team did not simply create a piece of software and share it on GitHub, as Satoshi and the creators of other Bitcoin wallets like Electrum and Blue Wallet have done. Instead, they actively marketed it as a mixing service, earned millions of dollars in profit, and if these actions are proven by the prosecution, they rightfully deserve to face legal consequences. It's noteworthy that personalities like Michael Saylor and Jack have refrained from commenting on this matter, a stance affirmed by a tweet from Samson Mow. Equating this issue to an attack on β€œprivacy” and suggesting that everyone becomes a money transmitter is misleading and obscures the real issue. Furthermore, if you are manufacturing a USB cable that, when plugged into a Visa/Mastercard machine, obscures the user's identity and you advertise this cable as a mixing tool, then you can expect the SDNY to pursue legal action against you. Stay calm, HODL