🟠 Faketoshi strikes back
TLDR inside TLDR: Craig forgot to take his medication again, famous scam artist gets exposed and bitcoin hodlers reach an ATH
It’s Arsen, bringing you the third edition of TLDR - the newsletter that keeps you informed AND entertained.
This time there are 221 of you reading this.
Thankful for you all. Let me tell you why.
So, I started this newsletter for a few reasons:
Life is busy. We all know that. And this newsletter is an excuse for me to stay on top of what’s happening in bitcoin.
I want to improve my writing. I‘m not the best writer, but also not the worst. Writing this newsletter for you guys will help me maintain and improve my this skill.
At the beginning of the year, I promised myself this: I will write about bitcoin every week.
Not even after two weeks into 2023 I broke this promise.
Because I was writing into an empty vacuum. No one was reading it, so I didn’t have that fire under my ass actually to deliver something - something people actually want to read.
What was missing was there was nobody to keep me accountable.
This is why I launched TLDR as a newsletter: so you guys can keep me accountable.
And If I ever miss even a single edition, you know where to shame me.
So, thank you to all 221 of you reading this.
Alright, let’s get into it.
Block time: 775119
Estimated read time: 3 minutes and 47 seconds
Here’s what I got for you this week:
Faketoshi Strikes Back
Scam-ception: Internet detective Exposes A Scam Artist
Bitcoin Diamond Hands At All-Time-High
Faketoshi Is Taking 16 Developers To Court To Change The Code
If you’re like me, you probably eat the nasty veggies first and leave the delicious steak for the end.
I have the same approach to this edition’s news - we got the shittyness out of the way so we can get to the good stuff.
So, talking about shit, Craig Wright aka Faketoshi is back in the spotlight.
Faketoshi has decided to take 15 developers to court.
Why, you ask?
According to this deluded maniac, the Bitcoin core developers must change the code to recover the $2.4B a hacker stole from his company Tulip Trading.
And you thought Greenpeace’s “Change The Code” campaign was dumb?
Faketoshi claims that Bitcoin Core developers owe "fiduciary duties” to re-write the protocol code to get back the 111,000 BTC stolen from him during the Mt. Gox hack.
It’s truly sad to see courts enable this.
A quick Google search is enough to see that Faketoshi is a scammer with a long record of fabricating lies.
I am eagerly waiting with my popcorn to hear what else he will claim to have invented.
Internet Detective Exposes A Scam Artist
This a juicy one.
By now, I’m hoping you understand that I am a hardcore bitcoiner and I only write about bitcoin - for other bitcoiners
If you’re mETH-head, please unsubscribe from this newsletter.
If I ever write about cRyPto, it’s only to make fun of it.
Alright, let’s make fun of crypto.
It begins with Coffeezilla, a famous internet detective known for exposing crypto scams.
And crypto being crypto, he has no shortage of work
Here’s his Proof-of-Work:
Het got SBF to accidentally admin fraud during an interview
Exposed Logan Paul's NFT project for being run by a group of felons
But this time, instead of investigating a scam, he launched his own. He did this to scam an alleged scammer.
Talk about a scam-ception.
The target was Dillon Janis - a pro-MMA fighter with two jobs:
Getting people rekt in the octagon
Getting people rekt in crypto
Yes, the same guy who “felt bad” for people scammed in Logan Paul’s NFT rug pull.
Here’s Coffeezilla’s genius plan:
Create a fake NFT collection. He called it SourzNFT Candies Are Moonbound, which literally spells out that it’s a scam.
Reach out to Dillon to promote the project. A measly $5K was the price of Dillon’s reputation.
Change the NFT website last minute to expose Dillon’s previous scam. When the NFT promotion went live, Coffeezilla changed the website from showing the NFT collection to showing a gallery of over 20 rug pulls that Dillon has previously promoted.
Here’s the funny part: Coffeezilla told Dillon precisely what he was doing.
Before paying Dillon, Coffezilla shared a legal document with Dillon that outlines the terms of the deal - in plain english.
Here are some highlights from the document:
Said that Dillon would be the “butt of a joke”
Said that the purpose of the project was to show that people in crypto don’t do due diligence
Said that they would redirect traffic from the NFT promotion page to a website that showed Dillon’s previous scam promotions
Said that Dillon cannot sue Coffeezilla
It was all explained in that document.
Coffeezilla’s plan worked perfectly, and Dillon Danis was exposed for the scam artist that he is.
You could say our MMA fighter got knocked the f*ck out!
50% Of Bitcoiners Have Been Diamond Hands For The Past 2 Years
I came across an interesting stat from Glassnode, an on-chain analytics tool (I felt dirty saying that)
According to them, bitcoiners have diamond hands. As a matter of fact, 49% of the total supply has stayed in the same wallet for over 2 years.
That’s an ATH! 🎉
This shows that there’s a ton of confidence in Bitcoin long term.
Alternatively, a bunch of you don’t know how to store your seed phrases.
Anywho, long-term hodlers’ conviction is not shaken, even with Bitcoin being down over 70% from ATH.
Volatility is the price you pay for generational wealth.
Shoutout to @bitcoin.baddie for the meme
Rabbit Hole Reads
OG P2P Exchange 'LocalBitcoins' Shuts Down After Over a Decade of Operation. An end of an era.
A Dormant BTC Wallet Awakens earning 120,000,000% profit (*if he sold the coins)
Addicted to degen crypto trading? Welcome To New Crypto Rehab Centers
This week in a meme
Shoutout to @thefatbitcoin for the meme.
Job of the week
A bitcoin DCA service Coinbits is looking for Digital Marketer to help them with SEO.
Their meme is pretty good. This is coming from a fellow meme connoisseur
From the archive
Don’t you just hate when bitcoin is crashing, your girlfriend goes out to a lesbian bar, so you drunkenly misspell ‘hold’ and invent the biggest Bitcoin meme known to date?
Yeah, me too.
9 years ago.
Shoutout to my fiancee for managing not to suffocate me in my sleep after hearing me speak nonstop about bitcoin for the last 5 years.
That’s it for this one.
What’d you think of this week’s email?
Let me know in the comment section below or by responding to this email.
See you next Sunday,
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