Cosima

Digital currency advisor and business development consultant

[Cosima @CosimaCapital]

@PortfolioXpert I tend to agree with you; but spelled Lessons wrong 😑

[Cosima @CosimaCapital]

@Lamborghini My revuelto has been at the dealer for over 150 days(!) @in yr 1 STILL unresolved. The customer service has been some of the worst I’ve ever experienced. @Lamborghini please help. This is no way to treat a customer…

[Cosima @CosimaCapital]

@DCGco You stole billions in $BTC from @GenesisTrading customers. Now you are being sued until DCG ultimately has to file for BK bc it is a criminal enterprise. @BarrySilbert = JAIL

[Cosima @CosimaCapital]

@visegrad24 And they dragged their anchor on the seabed for hours and hour and over hundred miles

[Cosima @CosimaCapital]

@WuBlockchain Tell me you missed this run up without telling me you’ve missed this massive run up 😿

[Gabor Gurbacs @gaborgurbacs]

Public markets are increasingly exclusionary, broken and inefficient. I am bullish that Bitcoin-infrastructure will have a second-order-effect of fixing this. Here are some mind-blowing stats illustrating how deep the issues are:

+ Accredited investor rules exclude 87% of U.S. households.

+ Top 10% of Americans own 89% of stocks; bottom 50% own just 1%.

+ IPO costs exceed $4M upfront, $1M+ annually, pricing out small firms.

+ Small-cap IPO volume has plummeted 92% since 1994.

+ Public companies dropped from 8,000 in 1996 to 4,000 today, a 50% decline.

+ Private equity AUM surged 470% to $12T.

+ Over 50% of venture capital goes to just CA, NY, and MA.

+ 145 IPOs in 2023 vs. 845 in 1996, an 83% drop.

+ Stock buybacks hit $1.2T in 2022, wages grew only 4.6%.

+ High-frequency trading drives 50%+ of equity volume, disadvantaging long-term investors.

+ 70% of equity trades in 2023 were off-exchange, reducing transparency.

[Brian Armstrong @brian_armstrong]

We've let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a client of theirs.

Senior partners at these law firms seem unaware of the crypto industry's position on this.

For instance, Milbank recently messed up and hired Gurbir. We don't work with them now (and never will while he works there).

It's an ethics violation in my book to try and unlawfully kill an industry while refusing to publish clear rules. If you were senior there, you cannot say you were just following orders. They had the option to leave the SEC and many good people did. It was not a normal SEC tenure.

They can go work in other areas (I don't believe in permanently cancelling people), but we as an industry should not be putting money in their pocket after the abuse. Let your law firms know that hiring these folks means losing you as a client.

[ZachXBT @zachxbt]

1/ An investigation into the social engineering scammer Ronaldd (Ronald Spektor) who allegedly helped steal $6.5M last month from a single victim by impersonating Coinbase support.

[Cosima @CosimaCapital]

@bkclaims @novogratz Why aren’t you in jail ?

[Cosima @CosimaCapital]

@MKBHD It’s a well known issue amongst revuelto owners that the speedometer is way off - 10-15% so although he was still speeding it was no where near the number depicted.

[Cosima @CosimaCapital]

@alex_valaitis @chamath Because he doesn’t have any nuclear exposure in his book- he only pitches his book

[Cosima @CosimaCapital]

@The0xJuan @molly0xFFF She’s not the brightest bulb in the chandelier.

[Cosima @CosimaCapital]

@molly0xFFF Support your work 😆 ? But your work isn’t worth supporting… 🤡 it’s bozo talk.

[Cosima @CosimaCapital]

@krassenstein lol @elonmusk why is my feed full of these nut jobs ?

[Cosima @CosimaCapital]

@ErikVoorhees https://t.co/VyRuF0hdJM

[End Wokeness @EndWokeness]

The current scene in Harehills, England. Is this what cultural enrichment looks like?

[Cosima @CosimaCapital]

@elonmusk @Rothmus Nahhhh now this is called “selling your own book” or “talking your book”. YOU benefit from a world that wants to minimize c02 by buying electric cars - if that wasn’t true you wouldn’t feel the need to comment imo. And that’s ok but readers should just be aware…

[Cosima @CosimaCapital]

@AriDavidPaul Where do you get 20% interest Ari? To all the egomaniacs mansplaining this travesty instead of identifying it as a severe oversight and problem that needs solving- you will be forgotten to history. Not great. Not a hero. Not an intellect. Just a pleb repeating the wrongs

[Cosima @CosimaCapital]

@freddyriz @medx0 Like what?

[medx @medx0]

Thank you everyone for spreading the word. We need to fight this together as a united front. If any well-known trusted parties like @cobie (sorry to drag you into this) or someone else would like to escrow defense funds, let's take this fight public.

Lastly, continue to decentralize crypto & finance. In unity.

[medx @medx0]

Celsius Network has officially sued me and thousands of innocent users in New York courts this week. Every single person & entity in crypto needs to be fighting alongside us against this bs. Because if we lose, it will affect every user of a cex.

We are every day people who used the platform as normal, not insiders, not bad actors, and because we happened to take our money off the platform 90 days before they declared bankruptcy they are trying to clawback all those funds plus more because they are suing for June 14, 2024 market rates, not 2022 rates. WTF!!

They are asking for outrageous sums of money, basically my entire net worth is what I'm being sued for, for doing absolutely nothing wrong.

At first I thought this was a scam and then some shakedown, but now that the suit is actually filed, I have to spend thousands to retain an attorney.

In addition, they have more than doubled the amount of money they are suing for because they changed the ask to current pricing of btc/eth vs originally asking for 2022 pricing. They are causing emotional turmoil, because they can. It's insanity.

The lawyers say they are going to give the money to other users of the platform and spread it around, but that's a fucking joke, those folks will get fractions of a penny on the dollar. All of this money will go into pockets of lawyers. This lawsuit will destroy the lives of thousands of innocent people.

Everyone in the industry needs to unite against this. We need to get this case tossed. @cobie
@GCRClassic @zachxbt @brian_armstrong @justinsuntron @jespow

These are the lawyers making everyone's life hell. Along with Cam Crews of the Celsius LOC.