HOLY CR*P 🚨 Minnesota Rep Krista Knudsen says they just found out the state TURNED OFF tracking for money being sent overseas
They turned it on for 2 weeks. Saw all the money leaving, and Democrats quickly SHUT OFF TRACKING to allow it to keep happening
READ THAT AGAIN
“Today in the fraud committee, the Department of Human Services testified that they haven't been tracking the IP addresses of money that's being literally flown out of our state and where it's going.
They did turn on that reporting for 2 weeks, and they found that yes, a lot of those IP addresses were tied to overseas computers, and then they quickly shut it off after just 2 weeks of seeing where this money is actually going”
“Every time we turn around, it's just more and more fraud scandals in our state”
I was recently invited to @fox5dc to talk about NFT Day with @MaureenUmehFox5. We covered the basics, but here is an old post of mine from way back in the day when the entire #NFT craze was going full-tilt.
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What are you buying when you pay for an NFT?
It seems lots of folks aren't all that clear, potentially including the ones doing the buying. Without getting too far into the technical weeds, you are paying to have a transaction permanently recorded in a public ledger. Anyone can look at it to verify that transaction. In case of NFTs, that transaction establishes your "ownership" of a digital asset.
In essence, you're buying a receipt to show others how much you spent to "own" a digital artwork. Ah, but yes, but of course, we're "redefining the concept of ownership," you see. Uh-huh.
When you buy a Ferrari as a status symbol/signal, at least you get to drive it. NFTs are like buying the title to the Ferrari that everybody else gets to drive, then reminding them it's yours every time they drive it.
You're not even renting them the Ferrari. You're just standing on the corner watching them drive it as you point at it and yell, "Hey, everybody, that's my car they're driving, I have the title right here!"
No intrinsic economic value is conveyed by your "ownership" interest. So, what are you "buying?" Bragging rights? A ticket on the latest iteration of the meme-stock crazy train?
Hence, the thinking that this is all a digital tulip mania cum money laundering Ponzi scheme. Which it increasingly looks to be.
Now, who wants to buy some limited edition Bored Igor NFTs? Only 1ETH or 680,539 $IGOR coins "while supplies last!"
Supplies of gullible cryptobros, that is.
#NFT #cryptocurrency
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