Comments on a cultural reality between past and future.

This blog describes Metatime in the Posthuman experience, drawn from Sir Isaac Newton's secret work on the future end of times, a tract in which he described Histories of Things to Come. His hidden papers on the occult were auctioned to two private buyers in 1936 at Sotheby's, but were not available for public research until the 1990s.

Showing posts with label Currency. Show all posts
Showing posts with label Currency. Show all posts

Friday, February 8, 2019

QuadrigaCX: Opinions and Sources

Image Source: PrestonMartelly.

[NOTE: I am away from the blog, March-April 2019. On return, I will update this post.]

This blog will embark on a larger exploration into decentralized institutions and how they are relating to mainstream institutions, governments and globalism. To support that research, this post will feature links, opinions, and sources on the QuadrigaCX crypto exchange collapse. See my initial post on QuadrigaCX's meltdown, here.

11 February 2019: TRON CEO Justin Sun offered a job to QuadrigaCX client Tong Zhou who lost $422,000 on the exchange. Image Source: UToday.

Vlog - QuadrigaCX, how I lost my life savings, how I am dealing with it so far.. (15 February 2019). Video Source: Youtube.

By the second week of February 2019, the picture of QuadrigaCX as presented by CEO Gerald Cotten's widow, Jennifer Robertson, began falling apart under scrutiny of different cryptocurrencies' blockchains. See the 'Blockchain Forensics' section below in this post for details.

Social Media Innovation:
Crowd-Sourced Truth and Justice

In an innovative twist, Quadriga's users banded together on social media in early February 2019 to change the narrative. Instead of the funds being automatically lost, they set out to discover the truth about the exchange, because this affair is possibly "just the tip of the iceberg" in the cryptosphere and beyond it.

Together, Quadriga's users are launching their own investigation and are slowly turning the tide of opinion, first in the establishment, which refuses to touch the crypto space or treat it as a legitimate enterprise. On 8 February 2019, Reuters reported that Canada's biggest securities regulator (the Ontario Securities Commission) was looking into QuadrigaCX and cooperating with an RCMP investigation.

Second, Quadriga's users may sway the crypto sphere, where conventional wisdom and cynicism take lack of trust for granted; anyone who leaves fiat or crypto on an exchange is considered a fool who got what is coming to him or her. Some crypto users would rather look the other way and look at this crime as a non-issue. Quadriga is a transitional test case for mainstream adoption; thus, complacency in crypto circles about the collapse of this large exchange and crimes committed therein will affect that space over the long term.

Unfortunately, it appears that there was a difference between what Quadriga seemed to be and what it really was. Informal investigations and unconfirmed and dodgy information related to Quadriga are listed in the 'Theories' section near the bottom of this post.

On 7 February 2019, Quadriga's users set up a Wiki, qcWiki.org dedicated to their online investigation. Declaring that they were seeking "Crowd Sourced Truth and Justice," the site's founders stated:
"The events surrounding QuadrigaCX are extremely suspect; the official story simply doesn't make sense. As things stand, we're left with a mix of facts, rumors and hearsay. This wiki has been created to organize and verify facts. It will help eliminate the spread of misinformation, bring clarity to those interested in following the case and help law enforcement with their investigation.

If you have information/evidence of potential crimes committed by QuadrigaCX or individuals associated with it, you can contact RCMP Toronto West who are currently investigating.

Phone: (905) 876-9500

-This post will be continually expanded and updated in chronological order and will serve as a resource and links dump for researchers. Suggestions are welcome in the comments below the post. Over time, I will try to make it as complete as possible.

Wednesday, February 6, 2019

Stateless Futures: Crypto, Quadriga, and Anarchy in Acapulco

Court photograph showing Quadriga's book-keeping system; incredibly, the published photograph reveals personal and business data. Image Source: Twitter via Reddit. You can follow updates from Quadriga here.

On the heels of the Dark Overlord 9/11 hacks and bitcoin ransoms, the primary and most reputable Canadian cryptocurrency exchange, QuadrigaCX, has melted down over the past two months after its missing 30-year-old CEO 'died' (or maybe, 'did not die') on 9 December 2018. He supposedly was the only person who had the passwords to the company's cold wallets. A dig into Quadriga reveals interests in charitable orphanages (human trafficking?), e-gold, and money laundering.

The crypto exchange has filed for court protection, which was granted by the Supreme Court of Nova Scotia. As of 5 February 2019, Quadriga has a 30-day stay of proceedings to stop lawsuits from its clients and account holders. The company has to find CAD $250 million in that time. Third-party observer Ernst and Young will oversee the process; they are publishing relevant documents here.

[Addendum: the above three tweets were added to this post on 7 February 2019, after the original publication date of the post.]

This case and a recent murder in Acapulco, Mexico reveal how tech-driven internationalism is faring as an alternative to globalism. The latter is growing out of older institutions, legal systems, governments and similar structures. The former is the Wild West: there are thousands of start-ups in the world which are trying to develop decentralized, scalable infrastructure based on block chain technology and smart contracts.

The real question is how these two worlds are contrasting and, more surprisingly, colliding. They are becoming integrated in the shadows.

The conventional assumption is that the established world is legitimate and legal and the alt-world is illegitimate and illegal. The alt-world maintains that the established system is completely corrupt, a rotten, eaten-out hulk, staffed by passive blue pills, complicit agents, and masterminds who want to impoverish and destroy the common people. Underground circles assumed that anything anti-establishment was automatically virtuous, a signpost to a new and better world. Quadriga's collapse suggests that the truth is much more murky and everything is connected.

Wednesday, August 29, 2018

Redefinitions of Currency 3: Kim Dotcom's Scary Tweets

Kim Dotcom (aka Kim Schmitz), the Finnish-German-Kiwi Internet pirate, has decided that the USA is going to go the way of Venezuela. Dotcom is piloting a new crypto-powered ecosystem, K.im, and his own branded KimCoin, to reward content creators. This month, the Megaupload and Mega founder, Assange ally, Deep State foe, and founder of the Internet Party has also been writing scary tweets about the future of the US and global economy.

Dotcom has an axe to grind, because his companies' copyright violations led in July 2018 to a New Zealand court ruling that he could face extradition to the United States for racketeering, money laundering, fraud, and criminal copyright charges. While this gives him a motive to trash talk the US, and he is fundraising for a new project to cover his legal bills, Dotcom really believes that America's economy is about to go bust.

He has thought so for awhile. Originally, the hacker was based on the top floor of the five-star Grand Hyatt Hotel in Hong Kong. But Dotcom moved to New Zealand because he felt it was the best place to start and raise a family during and after World War III. As he put it:
"You wouldn't want to be stuck in a penthouse at the top of a hotel tower when it's end days. ... That's why I was looking for a place. And I thought that if I had somewhere in the South Island, shielded by mountain ranges on both sides, I would install a really sophisticated solar power plant. I was thinking if I had something like that, you could survive. New Zealand strategically is the safest spot in the world. It has everything that is required to sit it out and start again."
Dotcom is not alone. The very rich are talking about the end of the world and building bunkers in preparation. They see the future just like the backwoods and doomsday cult preppers, except billionaires build nicer bunkers.

Sunday, August 26, 2018

Redefinitions of Currency 2: Crypto Venezuela

Venezuela: then and now. Image Source: Total Crypto.

To paraphrase Chris Dixon, technology has changed the underlying drivers of wealth; once, wealth was determined by commodities; then it was decided by politics; and now, wealth is based on mathematics. There is no better indicator of that shift than in Venezuela.

Fiat collapse: Venezuela's currency crisis (20 August 2018). Video Source: Youtube.

Return to the world's oldest economy: Venezuela's economic crisis fuels sex trade (23 August 2018). Video Source: Youtube.

Venezuela: New currency fails to curb hyperinflation | Al Jazeera English (22 August 2018). Video Source: Youtube.

Venezuela is currently Ground Zero for bad news. In one month, the president, Nicolás Madurododged a historic first drone assassination attempt on a world leader. The country survived a 7.3 magnitude earthquake. Millions of Venezuelans are migrating to neighbouring countries, which are becoming less and less welcoming.

The hacktivist group Anonymous dismissed the Maduro assassination attempt as a government hoax, perhaps similar to a recent incident in Zimbabwe; note the discrepancy in footage that showed - and did not show - Maduro's wife, Cilia Flores, from two different cameras. Note also that the source of the differing footage is the Russian network RT (Ruptly) and these could be two separate occasions. Otherwise, this means that there were two versions of the footage of the attack, which were filmed separately. Anonymous - LA VERDAD sobre supuesto atentado contra Nicolás Maduro 2018 [Anonymous - THE TRUTH about alleged attack against Nicolás Maduro 2018] (5 August 2018). Video Source: Youtube.

Maduro's popularity is in the toilet; back-chamber rumours are circulating that he knows secrets about Hugo Chávez's death, that he is in league with the devil, and that he is not a true Venezuelan, but perhaps was born in Colombia, and in any event - it is whispered - he will die soon, though not by assassination. Other rumours are circulating the president tried to escape Venezuela in secret on 26 August 2018, knowing that the situation is irreparable. The cult of personality may not provide a suitable replacement, since alternatives to Maduro, like María Gabriela Chávez, are not popular either.

Wednesday, January 17, 2018

Redefinitions of Currency 1: Óscar Pérez and the Rise of the Petro-Yuan

Óscar Alberto Pérez, ex-policeman and Venezuelan rebel leader died on Monday (7 April 1981 – 15 January 2018). Image Source: Newsweek.

This post is a preface to a series of posts in which I will begin to explore how technology and globalization are changing what we call 'currency' in all its forms: from Canada's sale of the country's total gold reserves in 2016, to the ups and downs of Bitcoin and other cryptocurrencies, to the evolution of the Internet into an economy of value (and what that means).

For today, we start with a glance at Venezuela, where President Nicolás Maduro Moros last September planned that his country would abandon the Petro-Dollar and take up the Petro-Yuan. Since 1974, the American dollar has functioned as the de facto global currency because it was the main currency for oil purchases, and thus for all other commodities and trade.

Now that arrangement is changing, under the leadership of Russia, China, and Iran, as oil is being priced in the Chinese Yuan: "This is about the implementation of a huge, new alternative reserve currency zone, bypassing the US dollar." If you believe sources like Russia Today, we are watching the American Petro-Dollar die, and the period from 1974 to the present is dying with it, including its power structure, its key players, and its principles of control. This is the start of a new era.