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There's being audited where the people do intrusive examinations of your books and chase leads as far as they're legally permitted (which is a lot) to ensure GAAP compliance, and there's attestations where you give them a set of books and they do a checksum on the numbers presented and give a thumbs up or down on whether your numbers add up. Naturally, if you have a spreadsheet that says you have $500 billion in reserve grade assets, $490 billion in customer assets, with $10 billion in equity, that in fact balances and you can get it attested. But that leaves the onus on the entity whose books it is, not the accounting firm, on the validity of the statements therein. So an attestation is essentially an arithmetic test.
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Jan 16, 2024 13:38
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They better watch out or I'll send a complaint to the BBB! If they really piss me off I'm not afraid to get it notarized and sent by certified mail!!
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Jan 16, 2024 13:43
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Didn't a ton of companies walk out of doing attestations for crypto because of how much they gamed it? https://www.cnbc.com/2022/12/16/mazars-suspends-all-work-with-crypto-clients-including-binance-cryptocom.html
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Jan 16, 2024 14:01
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Strong Sauce posted:I too have watched The Beekeeper. They should have given lead to Kitboga. The mechanics happen between 3 & 9 minutes. https://www.youtube.com/watch?v=rnwkX9fmZG0&t=119s It is a little heartwarming that the latest action blockbuster stars Jason Statham getting revenge for granny, good for him. It probably has better effects than the one I linked.
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Jan 16, 2024 16:02
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Beekeeper was like a 90s era Segal films only Statham has charisma.
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Jan 16, 2024 17:03
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doomrider7 posted:If I recall he posted some "apology" or "explanation" for why his usage of the n-word and japanese slurs were "totally not racist guys" and taken out of cultural context or some bullshit of that nature. Naturally the community bought it, forgave him, and canonized him as divine figure of hardline gaming jounalism. Iirc, his explanation video more focused on "one friend I don't know super well turned out to be a Nazi so I broke it off with him, now there is a smear campaign on me based on the association", and I don't recall him mentioning much (if any) personal wrongdoing. He also did this as a preamble to an unrelated video subject which makes it difficult to find again. I wouldn't support him in any material sense, but in a journalism sense he is good at bringing receipts and sources to his breakdowns and investigations.
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Jan 16, 2024 17:43
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Evilreaver posted:Iirc, his explanation video more focused on "one friend I don't know super well turned out to be a Nazi so I broke it off with him, now there is a smear campaign on me based on the association", and I don't recall him mentioning much (if any) personal wrongdoing. He also did this as a preamble to an unrelated video subject which makes it difficult to find again. He was hanging out with them in Nazi places as they said Nazi things. I'm sure he was very shocked that they turned out to be Nazis. Did he also trip and fall into writing a pick-up artist book, too?
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Jan 16, 2024 17:49
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Like I said, I don't support him as a person, and his explanation video left a lot of gaps.
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Jan 16, 2024 17:56
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Lammasu posted:Beekeeper was like a 90s era Segal films only Statham has charisma. I saw the trailer for that and had a hearty lol at the neon cyberpunk scam call centre, having seen actual scam call centres getting raided in scambaiter YouTube videos.
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Jan 16, 2024 18:31
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Sentient Data posted:They better watch out or I'll send a complaint to the BBB! If they really piss me off I'm not afraid to get it notarized and sent by certified mail!! I can't stop chuckling at this, well done
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Jan 16, 2024 19:38
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Foxfire_ posted:That is still what they're claiming. They're just almost certainly lying since, like you've noticed, they're saying they regularly get implausibly large dollar amounts deposited and also that they will not tell you anything more about where they came from or went. bitfinex'ed said for years that tether was issuing "loans" of unbacked tethers, and accounting the "loan" as the asset backing the tethers. just like banks do! tether denied it. then in sep 2021, alex mashinsky of celsius just said in an interview that celsius got loans from tether, lol. then a few weeks later the cftc detailed the same thing. then in sep 2023 tether said it had started making loans like this again. so yeah, i don't believe a single dollar moved for any of the recent prints. not even the dollar they're backing it with.
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Jan 17, 2024 02:31
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surprising no one, it took very little time for filings to come in for leveraged and inverse bitcoin ETFs https://twitter.com/ETFhearsay/status/1747381745404510626 options too https://twitter.com/ETFhearsay/status/1745975777575813586 surely this is the thing that is good for bitcoin
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Jan 17, 2024 02:51
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Gutcruncher posted:For a few years I had a job at Walmart selling money orders and wiring money. A large portion of my job was telling people they were being scammed and getting yelled at because they think I’m lying. A shitload of people, especially olds, basically do whatever someone who sounds remotely like A Trusted Authority tells them. Especially bad when dementia is starting to set in. And it's almost impossible to talk them out of this is you're their child or in a service job because they see you as beneath them, to be taking orders, not giving them.
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Jan 17, 2024 11:45
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Evilreaver posted:I wouldn't support him in any material sense, but in a journalism sense he is good at bringing receipts and sources to his breakdowns and investigations. his most recent piece of 'journalism' consisted of him posting a video that can only be described as extreme levels of cope after billy mitchell settled out of court and got a bunch of poo poo he wanted out of said settlement, so
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Jan 17, 2024 12:28
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edit: nvm Not really bitcoin-related
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Jan 17, 2024 15:36
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Ghost Leviathan posted:A shitload of people, especially olds, basically do whatever someone who sounds remotely like A Trusted Authority tells them. Especially bad when dementia is starting to set in. And it's almost impossible to talk them out of this is you're their child or in a service job because they see you as beneath them, to be taking orders, not giving them. https://en.m.wikipedia.org/wiki/Strip_search_phone_call_scam People can do some really hosed up things because they think the police or some corporate higher up is telling them to.
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Jan 17, 2024 16:52
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TVs Ian posted:https://en.m.wikipedia.org/wiki/Strip_search_phone_call_scam They made a movie based on this. It's called "Compliance" and... it is difficult to watch.
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Jan 17, 2024 20:10
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Hmmm it seems weird that this person on the phone is telling me to get naked and then force my teenage staff to get naked but on the other hand they DID say they were from corporate sooooo….. Edit: when a person falls for the scam and forces an employee to strip, do they get in legal trouble? Like yeah they were duped but surely at some point the judge has gotta say “dude, really? You never once second guessed this?” Gutcruncher fucked around with this message at 21:52 on Jan 17, 2024 |
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Jan 17, 2024 21:44
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Gutcruncher posted:Edit: when a person falls for the scam and forces an employee to strip, do they get in legal trouble? Like yeah they were duped but surely at some point the judge has gotta say “dude, really? You never once second guessed this?” According to the Wikipedia entry the manager took a plea deal and got a year of probation, and the manager's fiancé, who was called in to take over for the manager since she had to go back to work and who did some horrible stuff, got a reduced sentence of 5 years in exchange for his testimony against the scammer. So I guess, yes, the person who falls for the scam does get in legal trouble. The crazy thing is they caught the scammer then let him so since they didn't think there was enough evidence to get a conviction. And of course McDonald's corporate says they're not to blame by pointing to a section in the manager's handbook that specifically says strip searches are prohibited, and that the worst stuff was done by the manager's fiancé who is not an employee and was not even supposed to be allowed in the back office at all.
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Jan 17, 2024 23:27
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I feel bad that the employee got worn out by the appeal process and just took the 1.1m instead of the 6m the jury awarded her. And what the hell happened with McDonalds and their lawyers being sanctioned for withholding evidence?!
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Jan 17, 2024 23:37
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the manager got a 6 figure settlement too 
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Jan 18, 2024 00:04
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I know it's reddit, but it's too good not to share. From /r/TrueOffMyChest Today with my boyfriend, I felt genuine disgust for the first time. quote:My boyfriend has a tendency to believe anything he comes across online, no matter how absurd. Today, he shared a tweet with me that claimed Angelina Jolie said something like "cryptocurrency is important." Seems like even relationships can become fungible thanks to the magic of crypto currency. Busters fucked around with this message at 07:18 on Jan 19, 2024 |
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Jan 19, 2024 07:15
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PSA: we got another billion dollars we promise. Note this is an authorized but not issued transaction, meaning that this amount is extremely real and good. Insurance and chain swaps buy Buy BUY BUY BUY
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Jan 19, 2024 07:40
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Busters posted:I know it's reddit, but it's too good not to share. From /r/TrueOffMyChest I'm actually surprised the replies in there were supportive instead of the standard reddit misogyny, etc.
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Jan 19, 2024 13:34
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Busters posted:I know it's reddit, but it's too good not to share. From /r/TrueOffMyChest General Bullshit > Bitcoin: he is tainted to me
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Jan 19, 2024 14:31
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https://www.sec.gov/news/statement/crenshaw-statement-spot-bitcoin-011023 Err, also pulled from a Reddit post, but the damning evidence is too golden not to quote: One analysis of 29 major crypto exchanges found that wash trading was, on average, as high as 77.5% of the total trading volume on unregulated exchanges.[7] The same researchers estimated that wash trading was present in over $4.5 trillion of crypto spot market trading and $1.5 trillion in crypto derivatives trading in the first quarter of 2020 alone.[8] Likewise, the Commission’s complaint against Binance and its affiliates alleges that the Defendants failed to implement trade surveillance or manipulative trading controls on the Binance.US platform (despite the fact that such controls were touted to investors); and, that the lack of such controls enabled Binance affiliates to engage in wash trading in select cryptocurrencies in order to artificially inflate trading volume.[9] Specifically with regard to bitcoin, an analysis of 157 crypto exchanges found that 51% of the reported daily bitcoin trading volume was likely bogus.[10] In fact, though reporting regarding bitcoin frequently discusses the enormous size of the market, one market participant who now seeks to sponsor a spot bitcoin ETP has admitted that “approximately 95%” of the data used by many participants are “fake and/or non-economic.”[11] Indeed, in one salient example, according to testimony by one of his co-conspirators, the former CEO of FTX may have engaged in bitcoin price manipulation in an effort to keep its price under $20,000, presumably to the benefit of his company and himself.[12] In short, prices and demand for bitcoin may not actually be what they appear to be.
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Jan 19, 2024 15:28
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They're implying that the current upward trend of bitcoin's price is because SBF is too busy being in jail to do more price fixing which is a wild notion to think about.
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Jan 19, 2024 15:32
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I wonder how our very special boy is doing in prison. Do we know what kind of facility he went to?
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Jan 19, 2024 22:25
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Impossibly Perfect Sphere posted:I wonder how our very special boy is doing in prison. Do we know what kind of facility he went to? Still in MDC Brooklyn awaiting sentencing, tapping out yet more crimes in Morse code on the water pipes
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Jan 20, 2024 14:22
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drk posted:I gotta believe GBTC holders are going to dump as soon as possible, minus nearly $3B in six days  edit: there is some speculation in the comments that FTX may be a big GBTC seller here. it would be very funny if sam's last revenge was tanking crypto by dumping billions of bitcoin on the market drk fucked around with this message at 17:21 on Jan 20, 2024 |
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Jan 20, 2024 17:11
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Grayscale
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divabot posted:Still in MDC Brooklyn awaiting sentencing, tapping out yet more crimes in Morse code on the water pipes
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Jan 20, 2024 17:36
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Collateral Damage posted:-- -.-- -.-. .-. .. -- . ... lol
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Jan 20, 2024 17:41
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MYCRIMES.SOS 
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Jan 20, 2024 17:57
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-... ..- - - -.-. --- .. -.
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Jan 20, 2024 19:35
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Collateral Damage posted:-- -.-- -.-. .-. .. -- . ... wait poo poo that might be true
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Jan 20, 2024 19:58
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CannonFodder posted:Telegram is good for Bitcoin. Not public enough…Buttcrime must be transparent for maximum laughs
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Jan 20, 2024 20:15
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Space Fish posted:https://www.sec.gov/news/statement/crenshaw-statement-spot-bitcoin-011023 No poo poo. Wow. Blowing my loving mind here. lmao
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Jan 20, 2024 20:18
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I worked for a tech startup that blatantly stated they were willing to wash trade when the NFT boom hit. They recently shut down after wasting $50mil of investor money (these are big names, Winklevoss, etc). If there's a way to profit off of being a rat I totally would, but I didn't have a chance to record the meeting where they stated they were willing to wash trade to manipulate prices. One of my former coworkers sued the employers, not sure how much or why, but I know there's some dark poo poo going on behind the scenes of these NYC/Silicon Valley startups. Oh yeah and as employees we were asked to buy some of the NFTs with our own money, I did but quickly sold since I knew they were useless pieces of poo poo without an actual game. And I was the one making the game and art for them. The only reason I worked for them is because I couldn't get a job in my standard industry around the year or two that investors were throwing money at those companies. During the launch each NFT was selling for $300-400, with a peak of $1200 on certain ones. There was $4,300,000 worth of trading volume on our NFTs, without any type of playable game. Each one is now worth less than $20 dopesilly fucked around with this message at 21:19 on Jan 20, 2024 |
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Jan 20, 2024 21:04
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dopesilly posted:I worked for a tech startup that blatantly stated they were willing to wash trade when the NFT boom hit. They recently shut down after wasting $50mil of investor money (these are big names, Winklevoss, etc). If there's a way to profit off of being a rat I totally would, but I didn't have a chance to record the meeting where they stated they were willing to wash trade to manipulate prices. One of my former coworkers sued the employers, not sure how much or why, but I know there's some dark poo poo going on behind the scenes of these NYC/Silicon Valley startups. Oh yeah and as employees we were asked to buy some of the NFTs with our own money, I did but quickly sold since I knew they were useless pieces of poo poo without an actual game. And I was the one making the game and art for them. The only reason I worked for them is because I couldn't get a job in my standard industry around the year or two that investors were throwing money at those companies. Tell us everything lol. Was there an actual design document or was it just vibes based? How much progress did you make on the game? I really want to know what design meetings were like.
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Jan 20, 2024 21:33
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Gubbinal Girl posted:Tell us everything lol. Was there an actual design document or was it just vibes based? How much progress did you make on the game? I really want to know what design meetings were like. One game designer, previously worked on some idle clicker mobile bullshit game. Game design doc was stupid, the founders were stupid. The whole scam to investors was them saying "app-less gaming! play your games on tiktok, snapchat, facebook, etc!" which is all bullshit cause it was just a web publishing version of Unity. They basically sold investors on tech that already existed, and claimed that they were the first to do it. I left before the game was finished because the game idea was stupid, boring, out of touch, and irrelevant to their "target demographic". I didn't get much out of the experience, I was paid $125k/year and I lasted a little over a year. The unfortunate part for me is that now I have a gap in my resume and I haven't been able to find work for over a year. Lost a few friends because they thought I was scamming people or something, but really it was just silicon valley idiots scamming investors. I have quite a few stories about crypto-related projects since I dabbled in working on them since 2017. I was excited about "cryptoart" and data ownership over digital art, and I saw a lot of my fellow artists finally being able to start up their dream projects. Unfortunately institutional money got involved, people started calling art "NFTs", and then came the scammers completely ruining any type of legitimate relevancy that the technology offered. There are some cryptoart projects out there that are genuinely really cool and made by artists who slaved away at corporate offices for decade+ until they were able to pursue their passion projects. There was also this awesome resurgence of programmers making digital art which reminded me of the demoscene days. Unfortunately tech bros fuckin ruined it all. gently caress Silicon Valley and NYC rich hipster fucks. I hope karma comes for them all. Edit: As far as design meetings go, it was just the two founders arguing with the team over semantics and making arbitrary constraints for us to develop around. They had absolutely no idea how to run a technology company, nevermind a video game studio. It really irked me because I could've made a hell of a game with even 1/10th of the investor money they were given. I've got 12 years of experience in the industry and worked on a couple successful AAA titles that costed $30-$80mil each. dopesilly fucked around with this message at 21:56 on Jan 20, 2024 |
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Jan 20, 2024 21:49
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