Daniel Prince's avatar
Daniel Prince princey@primal.net 11 months ago
Ok. So here is the NOSTR version of my Tweet this morning about $TRUMP So, why did $TRUMP choose to start a shitcoin and why on Solana? Shall we follow the 'MoNeY' to find out if there are any conflicts of interest and misaligned incentives? 1. Who is David Sacks and why was he chosen to be the CrYptO Czar for Trump's administration? He is a general partner of Craft Ventures, a venture capital fund he co-founded in late 2017. Craft ventures focus on 'Leaders in B2B software'. And also seem to have a keen interest on anything Musk is building. Including: Space X X XAi (grok) and even The Boring Company, weird. Ok, so is there any connection to Musk?
Craft Ventures - Portfolio
This is the portfolio for Craft Ventures working with SaaS clients and many more.
 2. Well, yes and more than both being South African-Americans. Musk and Sacks are connected through Paypal. Sacks was COO whilst Musk was CEO. Nicely sitting atop the tree of the Paypal Mafia. 3. But what does this have to do with Solana, the appointment of Crypto Czar or the TRUMP shitcoin? Well, we now have to assess whether or not there is a conflict of interest, signs of insider trading or nepotism. So let's dig in. Sacks also invested, via Craft Ventures into another fund called MultiCoin. Here is his own article about why:
Why we Invested in Multicoin
Multicoin Capital recently announced an impressive list of new investors, of which we are excited to be a part. Crypto is a unique asset class that...
 4. Who are Multicoin? "As a crypto-native fund, we actively engage and participate in the networks we invest in. Moreover, we are intimately familiar with the crypto technology landscape and market structure. We are hands-on investors, and will do everything in our power to maximize the success of our portfolio companies."
About
Multicoin Capital is a thesis-driven cryptofund that invests in tokens and companies reshaping entire sectors of the global economy
 5. So to recap, Sacks, through Craft Ventures now has a direct interest in the success of any companies that MultiCoin have invested in. Who, to use their own words from their own website "will do everything in our power to maximize the success of our portfolio companies". Ok, so who do MultiCoin invest in? Well, literally 100's of Shitcoin projects, you have to scroll it to believe it.
Portfolio
Multicoin Capital is a thesis-driven cryptofund that invests in tokens and companies reshaping entire sectors of the global economy
 6. So how would Sacks be able to help steer these companies in the right direction and make sure there is enough hype around them to make sure his investments clear any 'lock-up' period so the funds can make an exit and make huge profits? Well, from Sacks Wiki page: he is a co-host of the All In podcast, alongside Chamath Palihapitiya, Jason Calacanis and David Friedberg. Yes, he has a CrYpTo Podcast. But Suuuuurely he would never brag about investments or exits he has made on that podcast with his other slimeball co-hosts, would he? @SilvermanJacob has this clip of them doing exactly that below in 2021:
X (formerly Twitter)
Jacob Silverman (@SilvermanJacob) on X
This 2021 video is notorious on crypto twitter and deserves wider viewership. Watch VCs David Sacks and Chamath Palihapitiya brag about buying huge...
 7. So, yes, the clip shows them bragging about their Solana 'bags' and how they have pumped and beginning to dump them on retail. "You better clear that Solana position, what's your lock up, 24 months?" "Your holding right" "Ish" "ish, yeah me too". Disgusting. Watch again, then please share and bookmark Jacob's post. 8. So back to MultiCoin, could they have invested in any 'projects' that were dependant on the Solana BlOcKcHaIn? Loads: 01 Coral Fractal Hubble Jito MarginFi Metaplex Saber Sec3 Serum SOLANA Solscan Strata Protocol Wormhole. 9. Wait, did they invest directly into SOLANA Yes, yes they did. "Today I’m excited to share Multicoin’s investment thesis in Solana, alongside the fact that we led an $20M investment in Solana. Here's Solana's press release." Here is the press release.
The World Computer Should Be Logically Centralized
Vitalik conceived Ethereum as the world computer: a single, composable, open, permissionless state machine that could run trust-minimized code.
 10. Wait, wait, wait, wait a minute. So Sacks is now directly tied to dozens of companies running on the Solana BlOcKcHaIn AND the network itself!? And is advising the President on CrYptO as his Czar? This can't get anymore conflicted. Can it? 11. We haven't fully considered nepotism yet. So, Sacks is up to his knees in the Solana network, tokens AND dozens of 'UnIcOrnS' running shitcoin projects on it's BlOckChAin. What was the weird part about Musk earlier and their connection via PayPal, it seems kind of weird to point that out. 12. After leaving PayPal both went separate ways to start new ventures, famously Musk founded (joined) Tesla Motors and became (pushed aside existing) CEO. There have been many ups and downs through the Tesla journey of Musk, but no story is weirder than the one involving the 2.6 BILLION acquisition of Solar City in 2016. This acquisition left Tesla shareholders enraged as they saw it to be a "Bailout". "Tesla shareholders alleged the company’s acquisition of the solar installer amounted to a bailout, pushed through by Musk who sat on both company boards at the time."
CNBC
Elon Musk wins shareholder lawsuit over Tesla's $2.6 billion SolarCity acquisition
Tesla shareholders alleged that Tesla buying the solar installer amounted to a bailout, pushed through by Elon Musk who sat on both company boards ...
 13. So who were Solar City and why would shareholders believe this to be a 'Bailout' rather than a straight forward business acquisition? Who were the founders and CEO of Solar City? Lyndon and Peter Rive. Big whoop, why does that matter? "Lyndon Robert Rive (born 22 January 1977) is a South African-American businessman known as the co-founder of SolarCity, and its CEO until 2016." "SolarCity is a provider of photovoltaic systems and related services. Rive co-founded SolarCity with his brother Peter in 2006."
Lyndon Rive - Wikipedia
 14. Big whoop. Who cares that two South African-American brothers founded a Solar company that was acquired by Musk? - For 2.6 Billion dollars. - Against the wishes of his shareholders. Well, you see, Lyndon and Peter are Elon's cousins, sons of his mother's twin sister. So, yes, maybe the shareholders were onto something when they alleged that it could be a bailout rather than a prudent business acquisition.
Ghanafuo News
Elon Musk cousins: Meet Lyndon and Peter Rive, age, jobs, family
Elon Musk is a Canadian-American businessman, inventor, and investor who was born in South Africa. Musk has a $199 billion net worth.
 15. Fear not, the shareholders were judged to be conthpirathy theorists and Musk won his case. "Vice Chancellor Joseph R. Slights, who decided the case shortly before retiring, sided with Musk, writing: “Elon was more involved in the process than a conflicted fiduciary should be. And conflicts among other Tesla Board members were not completely neutralized. With that said, the Tesla Board meaningfully vetted the Acquisition, and Elon did not stand in its way.” 16. So what the AF does this have to do with Sacks, Solana, Musk and Trump? Well.... Step up @realJakeSimmons with this report:
NewsBTC
Elon Musk’s Cousin Among First Investors In Solana: Expert Reveals
MartyParty has renewed interest in the early investment patterns around Solana, particularly Lyndon Rive, a cousin of Elon Musk.
 17. WAIT WHAT? Rive was bailed out (allegedly) then disappears to become an Angel Investor and is one of the first investors in Solana? No way. No fkn way. 18. Damn, this is getting weird. So let's recap. - Sacks is Trump's Crypto Czar and is knee-deep across the whole Solana spectrum. - Trump's DOGE - Department Of Governmental Efficiency - (An anagram clearly chosen to pump another Shitcoin) is chaired by Musk. - Musk's cousin is one of the first seed Angel Investors in Solana. 19. So, could it be at all claimed that maybe, just maybe there is a conflict of Interest, Insider Trading and Nepotism involved in launching $TRUMP ? A Presidential Shitcoin on the SOLANA network!? Would those involved be able to: 1. Protect pre-existing investments? 2. Pump pre-existing investments? 3. Dump pre-existing investments? I am sure the Donald is very much the innocent party in this debacle and has been the victim of poor advice. Perhaps he should consider clearing house of his CrYpTo AdViSorS on day -1 of his presidency? Perhaps he shoud de-list $TRUMP effect immediately and make any tricked investors whole. Perhaps we should be more vigilant (toxic) in the #bitcoin space and be ready to call out scams, even if they are at the highest level. Or maaaaaybe this is all just me being a silly conthpirathy theorist. Have a great Sunday, don't let all of this information worry you......

Replies (54)

TBH's avatar
TBH tbh@nostrplebs.com 11 months ago
Play fiat games, win fiat prizes. This is just the next generation of Goldman Sachs employees heading the Treasury Department.
Zaikaboy's avatar
Zaikaboy 11 months ago
Bit of a Sunday dive. Do it. Especially you Septics that think The Orange man is a saviour. He IS a POLITICIAN
Daniel Prince's avatar Daniel Prince
Ok. So here is the NOSTR version of my Tweet this morning about $TRUMP So, why did $TRUMP choose to start a shitcoin and why on Solana? Shall we follow the 'MoNeY' to find out if there are any conflicts of interest and misaligned incentives? 1. Who is David Sacks and why was he chosen to be the CrYptO Czar for Trump's administration? He is a general partner of Craft Ventures, a venture capital fund he co-founded in late 2017. Craft ventures focus on 'Leaders in B2B software'. And also seem to have a keen interest on anything Musk is building. Including: Space X X XAi (grok) and even The Boring Company, weird. Ok, so is there any connection to Musk?
Craft Ventures - Portfolio
This is the portfolio for Craft Ventures working with SaaS clients and many more.
 2. Well, yes and more than both being South African-Americans. Musk and Sacks are connected through Paypal. Sacks was COO whilst Musk was CEO. Nicely sitting atop the tree of the Paypal Mafia. 3. But what does this have to do with Solana, the appointment of Crypto Czar or the TRUMP shitcoin? Well, we now have to assess whether or not there is a conflict of interest, signs of insider trading or nepotism. So let's dig in. Sacks also invested, via Craft Ventures into another fund called MultiCoin. Here is his own article about why:
Why we Invested in Multicoin
Multicoin Capital recently announced an impressive list of new investors, of which we are excited to be a part. Crypto is a unique asset class that...
 4. Who are Multicoin? "As a crypto-native fund, we actively engage and participate in the networks we invest in. Moreover, we are intimately familiar with the crypto technology landscape and market structure. We are hands-on investors, and will do everything in our power to maximize the success of our portfolio companies."
About
Multicoin Capital is a thesis-driven cryptofund that invests in tokens and companies reshaping entire sectors of the global economy
 5. So to recap, Sacks, through Craft Ventures now has a direct interest in the success of any companies that MultiCoin have invested in. Who, to use their own words from their own website "will do everything in our power to maximize the success of our portfolio companies". Ok, so who do MultiCoin invest in? Well, literally 100's of Shitcoin projects, you have to scroll it to believe it.
Portfolio
Multicoin Capital is a thesis-driven cryptofund that invests in tokens and companies reshaping entire sectors of the global economy
 6. So how would Sacks be able to help steer these companies in the right direction and make sure there is enough hype around them to make sure his investments clear any 'lock-up' period so the funds can make an exit and make huge profits? Well, from Sacks Wiki page: he is a co-host of the All In podcast, alongside Chamath Palihapitiya, Jason Calacanis and David Friedberg. Yes, he has a CrYpTo Podcast. But Suuuuurely he would never brag about investments or exits he has made on that podcast with his other slimeball co-hosts, would he? @SilvermanJacob has this clip of them doing exactly that below in 2021:
X (formerly Twitter)
Jacob Silverman (@SilvermanJacob) on X
This 2021 video is notorious on crypto twitter and deserves wider viewership. Watch VCs David Sacks and Chamath Palihapitiya brag about buying huge...
 7. So, yes, the clip shows them bragging about their Solana 'bags' and how they have pumped and beginning to dump them on retail. "You better clear that Solana position, what's your lock up, 24 months?" "Your holding right" "Ish" "ish, yeah me too". Disgusting. Watch again, then please share and bookmark Jacob's post. 8. So back to MultiCoin, could they have invested in any 'projects' that were dependant on the Solana BlOcKcHaIn? Loads: 01 Coral Fractal Hubble Jito MarginFi Metaplex Saber Sec3 Serum SOLANA Solscan Strata Protocol Wormhole. 9. Wait, did they invest directly into SOLANA Yes, yes they did. "Today I’m excited to share Multicoin’s investment thesis in Solana, alongside the fact that we led an $20M investment in Solana. Here's Solana's press release." Here is the press release.
The World Computer Should Be Logically Centralized
Vitalik conceived Ethereum as the world computer: a single, composable, open, permissionless state machine that could run trust-minimized code.
 10. Wait, wait, wait, wait a minute. So Sacks is now directly tied to dozens of companies running on the Solana BlOcKcHaIn AND the network itself!? And is advising the President on CrYptO as his Czar? This can't get anymore conflicted. Can it? 11. We haven't fully considered nepotism yet. So, Sacks is up to his knees in the Solana network, tokens AND dozens of 'UnIcOrnS' running shitcoin projects on it's BlOckChAin. What was the weird part about Musk earlier and their connection via PayPal, it seems kind of weird to point that out. 12. After leaving PayPal both went separate ways to start new ventures, famously Musk founded (joined) Tesla Motors and became (pushed aside existing) CEO. There have been many ups and downs through the Tesla journey of Musk, but no story is weirder than the one involving the 2.6 BILLION acquisition of Solar City in 2016. This acquisition left Tesla shareholders enraged as they saw it to be a "Bailout". "Tesla shareholders alleged the company’s acquisition of the solar installer amounted to a bailout, pushed through by Musk who sat on both company boards at the time."
CNBC
Elon Musk wins shareholder lawsuit over Tesla's $2.6 billion SolarCity acquisition
Tesla shareholders alleged that Tesla buying the solar installer amounted to a bailout, pushed through by Elon Musk who sat on both company boards ...
 13. So who were Solar City and why would shareholders believe this to be a 'Bailout' rather than a straight forward business acquisition? Who were the founders and CEO of Solar City? Lyndon and Peter Rive. Big whoop, why does that matter? "Lyndon Robert Rive (born 22 January 1977) is a South African-American businessman known as the co-founder of SolarCity, and its CEO until 2016." "SolarCity is a provider of photovoltaic systems and related services. Rive co-founded SolarCity with his brother Peter in 2006."
Lyndon Rive - Wikipedia
 14. Big whoop. Who cares that two South African-American brothers founded a Solar company that was acquired by Musk? - For 2.6 Billion dollars. - Against the wishes of his shareholders. Well, you see, Lyndon and Peter are Elon's cousins, sons of his mother's twin sister. So, yes, maybe the shareholders were onto something when they alleged that it could be a bailout rather than a prudent business acquisition.
Ghanafuo News
Elon Musk cousins: Meet Lyndon and Peter Rive, age, jobs, family
Elon Musk is a Canadian-American businessman, inventor, and investor who was born in South Africa. Musk has a $199 billion net worth.
 15. Fear not, the shareholders were judged to be conthpirathy theorists and Musk won his case. "Vice Chancellor Joseph R. Slights, who decided the case shortly before retiring, sided with Musk, writing: “Elon was more involved in the process than a conflicted fiduciary should be. And conflicts among other Tesla Board members were not completely neutralized. With that said, the Tesla Board meaningfully vetted the Acquisition, and Elon did not stand in its way.” 16. So what the AF does this have to do with Sacks, Solana, Musk and Trump? Well.... Step up @realJakeSimmons with this report:
NewsBTC
Elon Musk’s Cousin Among First Investors In Solana: Expert Reveals
MartyParty has renewed interest in the early investment patterns around Solana, particularly Lyndon Rive, a cousin of Elon Musk.
 17. WAIT WHAT? Rive was bailed out (allegedly) then disappears to become an Angel Investor and is one of the first investors in Solana? No way. No fkn way. 18. Damn, this is getting weird. So let's recap. - Sacks is Trump's Crypto Czar and is knee-deep across the whole Solana spectrum. - Trump's DOGE - Department Of Governmental Efficiency - (An anagram clearly chosen to pump another Shitcoin) is chaired by Musk. - Musk's cousin is one of the first seed Angel Investors in Solana. 19. So, could it be at all claimed that maybe, just maybe there is a conflict of Interest, Insider Trading and Nepotism involved in launching $TRUMP ? A Presidential Shitcoin on the SOLANA network!? Would those involved be able to: 1. Protect pre-existing investments? 2. Pump pre-existing investments? 3. Dump pre-existing investments? I am sure the Donald is very much the innocent party in this debacle and has been the victim of poor advice. Perhaps he should consider clearing house of his CrYpTo AdViSorS on day -1 of his presidency? Perhaps he shoud de-list $TRUMP effect immediately and make any tricked investors whole. Perhaps we should be more vigilant (toxic) in the #bitcoin space and be ready to call out scams, even if they are at the highest level. Or maaaaaybe this is all just me being a silly conthpirathy theorist. Have a great Sunday, don't let all of this information worry you......
View quoted note →
christo's avatar
christo christo@zaps.lol 11 months ago
I would share your note on @Stacker News but within nanoseconds nostr:npub1lxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqpm5xlcwill be saying ok shitcoiner, out you go 🤣🤣🤣
Big Barry Bitcoin's avatar
Big Barry Bitcoin BigBarryBitcoin@Nostr-Check.com 11 months ago
They get bitcoin at the price they deserve. If they are arrogant enough to dismiss the warnings and facts because they are winning in fiat terms and that means they are above those warnings, they will learn the hard way.
Fred Johnston's avatar
Fred Johnston freddms@nostrplebs.com 11 months ago
The worst thing about this is it POINTS to shit coins as a way out of the US$ GRC mess instead of a #Bitcoin standard. Excellent homework. There were a few things I did not know - the brothers being Elon's cousins, how the hell did I miss that. The shit coin world is full of gangsters, con artists, and charlatans. Study history - the world ALWAYS has this element during rapid change. Let's see how smart Trump is - and the rest of the gang, including Musk, generally does the right thing (generally, not always). Trust but verify EVERYTHING! Bitcoin is a NEW MODEL to replace the old - we should all expect these type of shenanigans. Posts like yours help people understand! Thank you! image
Default avatar
marp 11 months ago
Pelosis on steroids.
Bitcopath's avatar
Bitcopath bitcopath@verified-nostr.com 11 months ago
Thanks for the great post and your efforts. The SBR shit and the so called "crypto" advisors around Trump was always suspicious. Many have written about it. Personally I don't trust any politician they always have an angle and they are ready to change it if it benefits them. SBR not happening and instead some Dogecoin shit SDR or Solana shit SSR happening is better in the long run. If anything other than SBR happens which I always believed will happen is good. It will clear all these names including Elon and Trump from the history and will show people what they really are. It needs to happen, there are too many "Bitcoiners" still believing in celebrities. Bitcoin's fundamental is not to trust anyone. If anyone thinking a bright Bitcoin future depends on a person is on the wrong track and there are people like this. So we need to clear tracks before we move on and it seems to be time. I saw similar things before .com era. There were many projects most for scamming but I could see the bright future of Internet and continue building at and after the crash times. Do you remember any flash scammer names from those era? You probably don't but there were lots of them. Bitcoin is no different and it will pass the same way as Internet and after this era will be the time of Bitcoin. If it can't pass this era it wasn't worth it all along. From the last events I guess we have like 5-10 years for that to happen but I think we have started. Will be hard times but continue building if you are in the blockchain business or by stacking and hodling. Who have continued building or stacking Amazon, Apple, Microsoft, etc. after the crash? And where are they now? Good luck all.
3 replies ↓
The Weather'd Report 's avatar
The Weather'd Report 11 months ago
Cool article, but how does this affect Bitcoin and why should a Bitcoiner care? The age old practice of "conflict" will exist because it's a perception rather than a bloodline of coincidence. I'm not saying your wrong, or that your comment is irrelevant. we're all in this ShitCoin show together and even with the best education, still the charlatan's rise to the occasion. Thank you for the read. it's going to be interesting to see what develops over the next 4 years.
1 replies ↓
BitLo's avatar
BitLo bitlo.21m@iris.to 11 months ago
I’m very confident an SBR will happen. Only question is what form will it take. What was foolish was for some to think an opportunist (like Trump) wouldn’t take advantage of an opportunity to make piles of fiat by shitcoining.
Foxfire Mushrooms's avatar
Foxfire Mushrooms 11 months ago
I think it’s kind of hilarious really, I thought it was a real bummer to see so many bitcoiners supporting Trump. This is what you get when you keep voting for the “lesser of 2 evils” over and over again instead of deciding to opt out. Also, not super stoked on a bitcoin strategic reserve either. What do I want the government to be owning a bunch of bitcoin for? It will just make them more powerful, prop up the US dollar for longer and give them another reason to steal people’s money. Why would we want this? Just so the price goes up?
Anchorite's avatar
Anchorite 11 months ago
Good info but what do you want to do about it? Let them make money off idiots in this new, voluntary way, and let's see if they end the old, involuntary and suicidal way.
Chef Tommy's avatar
Chef Tommy ChefTommy@primal.net 11 months ago
Bitcoin is for everyone, including shit people, corporations and governments. Ultimately we as bitcoiners succeed but at the cost of including the said above.
Default avatar
npub1z6x3...aam9 11 months ago
Forget all that. This MF threw a cryoto ball with some of the biggest stars... Then fed them Mcdz 😂😂 only Trump.
Daniel Prince's avatar Daniel Prince
Ok. So here is the NOSTR version of my Tweet this morning about $TRUMP So, why did $TRUMP choose to start a shitcoin and why on Solana? Shall we follow the 'MoNeY' to find out if there are any conflicts of interest and misaligned incentives? 1. Who is David Sacks and why was he chosen to be the CrYptO Czar for Trump's administration? He is a general partner of Craft Ventures, a venture capital fund he co-founded in late 2017. Craft ventures focus on 'Leaders in B2B software'. And also seem to have a keen interest on anything Musk is building. Including: Space X X XAi (grok) and even The Boring Company, weird. Ok, so is there any connection to Musk?
Craft Ventures - Portfolio
This is the portfolio for Craft Ventures working with SaaS clients and many more.
 2. Well, yes and more than both being South African-Americans. Musk and Sacks are connected through Paypal. Sacks was COO whilst Musk was CEO. Nicely sitting atop the tree of the Paypal Mafia. 3. But what does this have to do with Solana, the appointment of Crypto Czar or the TRUMP shitcoin? Well, we now have to assess whether or not there is a conflict of interest, signs of insider trading or nepotism. So let's dig in. Sacks also invested, via Craft Ventures into another fund called MultiCoin. Here is his own article about why:
Why we Invested in Multicoin
Multicoin Capital recently announced an impressive list of new investors, of which we are excited to be a part. Crypto is a unique asset class that...
 4. Who are Multicoin? "As a crypto-native fund, we actively engage and participate in the networks we invest in. Moreover, we are intimately familiar with the crypto technology landscape and market structure. We are hands-on investors, and will do everything in our power to maximize the success of our portfolio companies."
About
Multicoin Capital is a thesis-driven cryptofund that invests in tokens and companies reshaping entire sectors of the global economy
 5. So to recap, Sacks, through Craft Ventures now has a direct interest in the success of any companies that MultiCoin have invested in. Who, to use their own words from their own website "will do everything in our power to maximize the success of our portfolio companies". Ok, so who do MultiCoin invest in? Well, literally 100's of Shitcoin projects, you have to scroll it to believe it.
Portfolio
Multicoin Capital is a thesis-driven cryptofund that invests in tokens and companies reshaping entire sectors of the global economy
 6. So how would Sacks be able to help steer these companies in the right direction and make sure there is enough hype around them to make sure his investments clear any 'lock-up' period so the funds can make an exit and make huge profits? Well, from Sacks Wiki page: he is a co-host of the All In podcast, alongside Chamath Palihapitiya, Jason Calacanis and David Friedberg. Yes, he has a CrYpTo Podcast. But Suuuuurely he would never brag about investments or exits he has made on that podcast with his other slimeball co-hosts, would he? @SilvermanJacob has this clip of them doing exactly that below in 2021:
X (formerly Twitter)
Jacob Silverman (@SilvermanJacob) on X
This 2021 video is notorious on crypto twitter and deserves wider viewership. Watch VCs David Sacks and Chamath Palihapitiya brag about buying huge...
 7. So, yes, the clip shows them bragging about their Solana 'bags' and how they have pumped and beginning to dump them on retail. "You better clear that Solana position, what's your lock up, 24 months?" "Your holding right" "Ish" "ish, yeah me too". Disgusting. Watch again, then please share and bookmark Jacob's post. 8. So back to MultiCoin, could they have invested in any 'projects' that were dependant on the Solana BlOcKcHaIn? Loads: 01 Coral Fractal Hubble Jito MarginFi Metaplex Saber Sec3 Serum SOLANA Solscan Strata Protocol Wormhole. 9. Wait, did they invest directly into SOLANA Yes, yes they did. "Today I’m excited to share Multicoin’s investment thesis in Solana, alongside the fact that we led an $20M investment in Solana. Here's Solana's press release." Here is the press release.
The World Computer Should Be Logically Centralized
Vitalik conceived Ethereum as the world computer: a single, composable, open, permissionless state machine that could run trust-minimized code.
 10. Wait, wait, wait, wait a minute. So Sacks is now directly tied to dozens of companies running on the Solana BlOcKcHaIn AND the network itself!? And is advising the President on CrYptO as his Czar? This can't get anymore conflicted. Can it? 11. We haven't fully considered nepotism yet. So, Sacks is up to his knees in the Solana network, tokens AND dozens of 'UnIcOrnS' running shitcoin projects on it's BlOckChAin. What was the weird part about Musk earlier and their connection via PayPal, it seems kind of weird to point that out. 12. After leaving PayPal both went separate ways to start new ventures, famously Musk founded (joined) Tesla Motors and became (pushed aside existing) CEO. There have been many ups and downs through the Tesla journey of Musk, but no story is weirder than the one involving the 2.6 BILLION acquisition of Solar City in 2016. This acquisition left Tesla shareholders enraged as they saw it to be a "Bailout". "Tesla shareholders alleged the company’s acquisition of the solar installer amounted to a bailout, pushed through by Musk who sat on both company boards at the time."
CNBC
Elon Musk wins shareholder lawsuit over Tesla's $2.6 billion SolarCity acquisition
Tesla shareholders alleged that Tesla buying the solar installer amounted to a bailout, pushed through by Elon Musk who sat on both company boards ...
 13. So who were Solar City and why would shareholders believe this to be a 'Bailout' rather than a straight forward business acquisition? Who were the founders and CEO of Solar City? Lyndon and Peter Rive. Big whoop, why does that matter? "Lyndon Robert Rive (born 22 January 1977) is a South African-American businessman known as the co-founder of SolarCity, and its CEO until 2016." "SolarCity is a provider of photovoltaic systems and related services. Rive co-founded SolarCity with his brother Peter in 2006."
Lyndon Rive - Wikipedia
 14. Big whoop. Who cares that two South African-American brothers founded a Solar company that was acquired by Musk? - For 2.6 Billion dollars. - Against the wishes of his shareholders. Well, you see, Lyndon and Peter are Elon's cousins, sons of his mother's twin sister. So, yes, maybe the shareholders were onto something when they alleged that it could be a bailout rather than a prudent business acquisition.
Ghanafuo News
Elon Musk cousins: Meet Lyndon and Peter Rive, age, jobs, family
Elon Musk is a Canadian-American businessman, inventor, and investor who was born in South Africa. Musk has a $199 billion net worth.
 15. Fear not, the shareholders were judged to be conthpirathy theorists and Musk won his case. "Vice Chancellor Joseph R. Slights, who decided the case shortly before retiring, sided with Musk, writing: “Elon was more involved in the process than a conflicted fiduciary should be. And conflicts among other Tesla Board members were not completely neutralized. With that said, the Tesla Board meaningfully vetted the Acquisition, and Elon did not stand in its way.” 16. So what the AF does this have to do with Sacks, Solana, Musk and Trump? Well.... Step up @realJakeSimmons with this report:
NewsBTC
Elon Musk’s Cousin Among First Investors In Solana: Expert Reveals
MartyParty has renewed interest in the early investment patterns around Solana, particularly Lyndon Rive, a cousin of Elon Musk.
 17. WAIT WHAT? Rive was bailed out (allegedly) then disappears to become an Angel Investor and is one of the first investors in Solana? No way. No fkn way. 18. Damn, this is getting weird. So let's recap. - Sacks is Trump's Crypto Czar and is knee-deep across the whole Solana spectrum. - Trump's DOGE - Department Of Governmental Efficiency - (An anagram clearly chosen to pump another Shitcoin) is chaired by Musk. - Musk's cousin is one of the first seed Angel Investors in Solana. 19. So, could it be at all claimed that maybe, just maybe there is a conflict of Interest, Insider Trading and Nepotism involved in launching $TRUMP ? A Presidential Shitcoin on the SOLANA network!? Would those involved be able to: 1. Protect pre-existing investments? 2. Pump pre-existing investments? 3. Dump pre-existing investments? I am sure the Donald is very much the innocent party in this debacle and has been the victim of poor advice. Perhaps he should consider clearing house of his CrYpTo AdViSorS on day -1 of his presidency? Perhaps he shoud de-list $TRUMP effect immediately and make any tricked investors whole. Perhaps we should be more vigilant (toxic) in the #bitcoin space and be ready to call out scams, even if they are at the highest level. Or maaaaaybe this is all just me being a silly conthpirathy theorist. Have a great Sunday, don't let all of this information worry you......
View quoted note →
Chad Lupkes's avatar
Chad Lupkes 11 months ago
By the time we hear about a memecoin, it's already too late to get anything out of it. DCA --> BTC, and let others try to profit from noise. View quoted note →
BHG's avatar
BHG 11 months ago
Thank you .. wild
FENIX's avatar
FENIX 11 months ago
Nice investigation. Thank you. Not surprised at all.
Daniel's avatar
Daniel 11 months ago
Thanks for the read. Pretty demoralizing that the PayPal mafia is really going to have its roots so deep in this administration.
Emperor Kuzco's avatar
Emperor Kuzco 11 months ago
Not going to dispute any of this. What I will add though is a bit of insight of how Trump operates. He's known for keeping enemies close to him and putting them on display. Maybe it's David Sacks turn to be on display? It's wise to keep an eye on everyone in government. They have taken an Oath to the People. It's the People's responsibly to continually evaluate each elected official.
Default avatar
npub1326e...fr84 11 months ago
Thanks for compiling all of this information and sharing it Daniel.
sayLess's avatar
sayLess 11 months ago
they’re just modern day robber barons
JaviOfEarth's avatar
JaviOfEarth 11 months ago
They know the stock market is as subjective as culture itself so they see the parallels in crypto. If you control the narrative, you control the culture. If you control the culture, you control the perceived value of that narrative. If you have all those elements, you know exactly when to profit because you’re the one calling the shots.
Daniel Prince's avatar
Daniel Prince princey@primal.net 11 months ago
To cap off my last thread about $TRUMP: Did $Trump launch a shitcoin as the SEC chair was swivelling, just before his inauguration, just before signing an exec order that he knew the context of whilst being advised by people knee deep in CrYpTo investments? I see no conflict of interest, insider trading or nepotism here. I'm just a stupid salty #Bitcoin maxi trying to join the dots but just coming up with conthpirathy theories. Scroll on by, nothing to see here. View quoted note →
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Papa Figos's avatar
Papa Figos papafigos@nostrcheck.me 11 months ago
Not to defend Solana or anything, but had he surrounded himself by laser-eyed bitcoin maxis with very heavy bags who've been proclaiming HFSP to nocoiners and "shitcoiners" for years, would you also have pointed out the collusion and rampant bias?
1 replies ↓
Papa Figos's avatar
Papa Figos papafigos@nostrcheck.me 11 months ago
I know, and I'm not saying Bitcoin and Solana are on the same level quality-wise. You do believe in free markets though, right? Nobody forced anyone to buy Solana, and it's not like the initial distribution was unknown or hidden or covered up. For whatever reasons, people bought it, knowing the conditions of the deal. Some made money, some didn't, and that's what a free market is. My point though was that we'd probably be cheering it on had Trump surrounded himself with only hardcore bitcoiners, most of which are already unreasonably wealthy by normie standards, and who'd have become even more ridiculously wealthy had the Trump crypto move been a Bitcoin-only deal. But it wasn't and now people are riled up. For someone on the outside, Solana or Bitcoin, same shady deal. At the end of the day, his network and trusted people leaned more in another direction and they bet on that, he wanted his own token, and Bitcoin can't do that today, so he went with a production-ready smart contract-capable chain, which ended up being Solana because that's what his closest and most trusted lieutenants knew. Honestly I don't see the big deal (hah) here, and also I don't see how this is not good for crypto (including bitcoin). The more people who are well versed with wallets, addresses, hardware wallets, self-custody etc, the better. A substantial proportion will figure it out in the end (less tokens with zero utility, more tangible stuff like btc). And that'll be one of the outcomes of this whole shenanigan, in my opinion. Also, I am pretty sure Bitcoin will be part of the strategic reserve. It just won't be BTC only, that was always a maxi fantasy. Just my 2 sats.
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