MJTechViews☀️

System Engineer Manager by day, photographer for fun.

[NEW YORK KNICKS @nyknicks]

we really did it dawg.

[Milk Road @milkroaddaily]

Jamie Dimon has called Bitcoin a fraud. A Ponzi scheme. A pet rock. He's said it on stages, in earnings calls, in interviews...

So here's a fun one:

JPMorgan Chase is now being sued for allegedly acting as the sole bank for a $328M crypto Ponzi scheme - for over two years.

The firm is called Goliath Ventures, formerly Gen-Z Venture Firm. Its CEO, Christopher Delgado, was arrested February 24 and faces up to 30 years in federal prison if convicted on all counts.

Here's the part that stings:

Investors say JPMorgan knew. Not suspected - knew.

The complaint alleges that JPMorgan's own Know Your Customer protocols revealed Goliath was operating as an unlicensed "private equity" crypto pool operator, collecting money from investors without a license to sell those investments.

And yet the bank kept banking them.

JPMorgan was Goliath's sole banking partner from January 2023 through May or June 2025.

Allegedly, over 2,000 investors handed over at least $328M, all via fraudulent wire transfers flowing through JPMorgan's infrastructure.

The class-action was filed Tuesday in the US District Court for the Northern District of California.

I don't know how this one plays out.

But it's a strange look for the bank whose CEO has spent years lecturing everyone about how dangerous crypto is.

Apparently the call was coming from inside the house.

[The Wolf Of All Streets @scottmelker]

A man deposits $10,000 in a bank.

The bank thanks him and records the deposit on its balance sheet. But not where you might expect. For the bank, that $10,000 is actually a liability – because technically it belongs to the customer and might have to be returned.

So the bank does what banks do. It lends $9,000 of that money to someone buying a car.

Now something interesting happens. The $9,000 loan appears on the bank’s books as an asset – because someone now owes the bank money.

So the same $10,000 is doing two jobs at once. The depositor believes he has $10,000 safely in the bank. The borrower now has $9,000 to spend.

That $9,000 gets deposited somewhere else. The next bank lends $8,100. That gets deposited again. Then $7,290 gets lent out.

Soon the original $10,000 has quietly turned into tens of thousands of dollars of loans scattered across the economy.

Everyone believes they have money. Depositors see balances in their accounts. Borrowers have the money they spent. Banks show healthy assets on their balance sheets because people owe them money.

And here’s the best part.

Banks charge interest on all those loans – maybe 7%. But the depositor who supplied the original money might earn only 0.5% on their savings account.

So banks collect interest on money that mostly wasn’t theirs to begin with – and keep the difference.

The system works beautifully.

As long as nobody asks for the money back at the same time.

[Yogi @Houseofyogi]

New York wants to ban you from asking AI a question

You're sitting on the bathroom floor at 11pm.

Your kid is screaming. The rash is spreading up his arm. You're holding your phone with one hand and holding him with the other.

You don't have insurance. You don't have $400 for a doctor. The urgent care closed an hour ago.

You're Googling symptoms and getting ten different answers from ten sketchy websites.

So you open Claude. You describe the rash. It tells you it's probably contact dermatitis. Try hydrocortisone cream tonight. See a doctor if it spreads or your kid gets a fever.

Your hands stop shaking. You sleep.

Kathy Hochul wants to take that away from you.

You're the dad who works 3 shifts. You come home and there's a paper taped to your door. You read it three times and still don't understand what it means.

You have seven days.

You call a lawyer. $317 an hour. You have $40 in your checking account and two kids asleep inside an apartment you might lose by Friday.

You open AI. In ten seconds you find out the notice isn't even legal. It tells you your rights. It tells you what to file. It tells you what to say.

New York wants to make that illegal.

You're the kid from the small town who left the farm for your first job in the city.

Your employer puts a contract in front of you. Non-compete. Arbitration clause. Words you've never seen before. Your parents never signed anything like this. They worked with their hands.

You ask AI to explain it in plain English. It does. For free. At midnight.

New York wants to make that illegal too.

Senate Bill S7263. Bans AI from giving "substantive responses" about medicine, law, dentistry, nursing, psychology, social work, engineering, and more.

Not banning AI from pretending to be your doctor.

Not banning AI from writing prescriptions.

Banning AI from answering your questions.

North Korea controls what you can read. New York wants to control what you can ask.

So you have to go back to paying $317 an hour for a lawyer. $400 for a doctor visit. $200 for a therapist.

Money you don't have. Money that goes right back into the pockets of the people who wrote this bill.

Who does this actually hurt?

It's not the guy on Park Avenue. He has a doctor on speed dial. He has a lawyer on retainer. He has a therapist he sees on Tuesdays.

It's the single mom in the Bronx with no insurance and a sick kid at 11pm. It's the grandma who just got served papers she can't read. It's the first-gen college kid signing a contract nobody in his family has ever seen before.

For the first time, a single mom had access to the same information as the guy on Park Avenue. Not better care. Not a free lawyer. Just answers. Just enough to know what questions to ask.

You want to know why? Follow the money.

Any trial lawyer in New York can sue AI companies and collect fees when they win. It's a lawsuit printing press.

$377 million was spent lobbying Albany last year. A record.

The healthcare lobby alone spent $11.5 million. Trial lawyer PACs pumped $4.7 million into New York politicians. Governor Hochul took over $545,000 from them personally.

One company gave her office $300,000 in donations and got $400 million in Medicaid contracts back.

Every $317/hour law firm that doesn't want you getting free answers. Every hospital billing $400 for a ten-minute visit. The entire industry that profits from keeping you confused.

The lobbyists write the bill. The politicians file the bill. The lawyers profit from the bill.

And the single mom in the Bronx loses the only help she could afford.

In the 1800s they called public libraries dangerous because poor people had unsupervised access to books.

In 1910 they shut down Black medical schools to "protect patients."

Every time the gates start to crack open for regular people, someone with a billing rate shows up to weld them shut.

They want you poor and stupid. And they'll call it consumer protection.

And the kid with the rash at 11pm? He goes back to ten sketchy websites and a mom who can't sleep.

New York shouldn't be North Korea.

[MJTechViews☀️ @MJTechViews]

There needs to be a law put in place that tells you who exactly is making these proposals and the companies supporting these bills.

[Polymarket @Polymarket]

BREAKING: New York bill would ban AI from answering questions related to medicine, law, dentistry, nursing, psychology, social work, engineering, & more.

[HustleBitch @HustleBitch_]

🚨 PEOPLE TURNING 40 ARE REALIZING THEIR ENTIRE LIVES HAVE BEEN ONE GLOBAL CRISIS AFTER ANOTHER

A man sat down and started listing everything people have lived through before turning 40.

The list is insane:

• Y2K panic
• 9/11
• The DC Sniper
• Anthrax attacks
• Hurricane Katrina
• Hurricane Sandy
• The 2008 financial crisis
• COVID-19
• H1N1 / swine flu
• Bird flu
• SARS
• Ebola
• Zika virus
• Monkeypox
• Mad Cow disease
• The opioid epidemic
• The Flint water crisis
• Afghanistan war
• Iraq war
• Russia-Ukraine war
• Missing Malaysian Airlines flights
• The Deepwater Horizon oil spill
• The January 6 attack
• The Maui wildfires
• Over 1,000 school shootings
• Groceries becoming unaffordable
• Rent and housing becoming unaffordable
• Health insurance becoming unaffordable
• Summers getting hotter
• Winters getting colder

Then he adds something else: Aliens were just confirmed to be real.

And now World War III.

Has any generation ever lived through this much chaos before?

[Ladyofyourlife @orleansway]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[MJTechViews☀️ @MJTechViews]

@Voyager4IR @XRPRay589 @AliGthe1st @Ripple @BNYglobal @TheFCA XRP was never about fees or on-chain volume; it’s about reducing prefunding and freeing trapped capital. If tokenization increases fragmentation, bridge liquidity becomes more valuable not less. But some of your comment was valid a few years back.

[MJTechViews☀️ @MJTechViews]

@Voyager4IR @XRPRay589 @AliGthe1st @Ripple @BNYglobal @TheFCA XRP was never about fees or on-chain volume; it’s about reducing prefunding and freeing trapped capital. If tokenization increases fragmentation, bridge liquidity becomes more valuable not less. But some of your comment was valid a few years back.

[MJTechViews☀️ @MJTechViews]

@_presto_t @UsherNBA Facts I was like where's Mike? Wonder what that says about his greatness

[MY NAME IS MY NAME 🇺🇸🪮 @ctreid89]

This makes a lot of sense.

[Digital Asset News @NewsAsset]

Crypto exchanges are silently robbing you!!!
I compared Binance, Coinbase, Crypto(.)com, and Kraken - and what we found was both shocking and disappointing 🧵

[MJTechViews☀️ @MJTechViews]

@CryptoTweetie @SteveLovesAmmo That actually makes so much sense.

[Wall Street Apes @WallStreetApes]

McDonald’s Price Increases from 2019 to 2024

Medium French Fry $1.79 -> $4.19
McChicken $1.29 -> $3.89
Big Mac $3.99 -> $7.49
10 McNuggets $4.49 -> $7.58
Cheeseburger $1.00 -> $3.15

Some of this is over a 200% increase in price. This isn’t inflation, it’s robbery.

[Joshua Neal @joshuaneall]

I don’t care sister Patriece.

[Spectre @spectre0799]

March Madness but the beat is Lost

[MJTechViews☀️ @MJTechViews]

@mikeshothoney This is 🔥

[First Class 🏁 @1DJFirstClass]

Wasn’t Expecting A Kevin Hart Tiny Desk But It IS April Fools’ Day 😆

[ALLINCRYPTO @RealAllinCrypto]

Me in 2030 after following my crazy cousin's crypto advice to invest in $XRP $ADA & $HBAR :