I've been saying it for years. I don't trust that scumbag. Proof of reserves or GTFO.

Need proof? Ask their custodian, the highly credible shitcoin casino Coinbase. Who is definitely not in on it.

I’ll take your word on 1). Regarding 2) - the hires are there for connections in to the government; like how you see acquihires in the private sector where a startup will get bought out for the people, private selling to Gov you need to bring in people with networks and clearances and shit to get a foot in the door to sell to them. I’ve worked at companies that has done exactly this and they weren’t fronts for the Gov. $50M may seem immaterial today but there’s probably a 10-20 year horizon at play here and it’s probably a 60% margin; once you get software in to Government it just grows and grows and that number will go up and up. It’s the hardest market to break into but once in its by far the easiest to milk. Looking at the logos on here, they’ve probably got a lot of upside there; https://www.strategy.com/software/solutions/federal-government 3) I recognise the timing, just wondering why you’re raising it now and why that would get you banned on Xitter? 4) they don’t make it a secret. Gov has all their own requirements to sell to them. Like FedRAMP; that’s compliance specific to Gov, kind of equivalent to SOC2 or ISO27001 but you can have those two and they still won’t touch your shit, so you need to additionally do FedRAMP and that means dedicated infrastructure so that A) you’re not jeopardising your other compliances and B) Gov has more stringent requirements on multi-tenancy and data sovereignty. I don’t see anything nefarious in this, they have a Gov division which every tech company does, it’s not hidden, they might have some big names but they’re also 10 minutes away from CIA headquarters so easier for them to hire than some tech company in Seattle or Austin say. I wrote about MicroStrategy’s “Orange” DIDs on Bitcoin years ago and noted the only way that product would go anywhere was if they could get the Gov to require it: @note1q3zk4f5uxg4nfj8qr5h3568mg0seafm3rwsz3mkdkksu53w3pz3sr30hzs They’ve said nothing on that product in 2 years so I don’t think they’ve managed to do that but that would be a better indicator they’re a front. Otherwise I still believe it to be true but haven’t seen compelling evidence to confirm it yet but will read your full write up with an open mind.