Post by Diego

Why might BitFinex suspend margin trading, mostly shorting, on BSV, when they hate BSV and Craig?

For guidance, look no further than Sammie Fries. When FTX was taken over by Mr Ray (who closed out Enron), he said the FTX books were the worst he's ever seen, and he's seen a bunch of frauds. He intimated that all that was there was some spreadsheets. Most, especially the rigged media who want Sammie to look good bc he's very politically connected, viewed this to mean that Sammie was aloof and a poorly organized guy who just couldn't keep track of everything. This is the NARRATIVE Sammie wants you to believe. But is it the reality? Maybe Sammie did what all GOOD criminals do, and "delete the logs" before the company was turned over? Even the CIA man who brought all but one Anonymous member AND #FreeRoss Ullbricht to justice said criminals shouldn't leave notes un-deleted!

So if you're gonna crook, then be good at deleting records and files. This is likely why Mr Ray found nothing but some spreadsheets with FTX's numbers on them. He certainly wasn't going to find the TRADES! Mu ah hah hah!

So, if BitFinex has been involved with some BSV manipulations, such as maybe rigging a double-spend attack to hit right after BSV hit $492 on a "Satoshi Spike", then just the record of shorting on BitFinex could be used by a prosecutor to understand the sentiment at that moment in time before the highly-coordinated attack was planned. But how would BitFinex trades and volumes and charts show this?

When some large entity with a big name arranges a hit, it's always executed by underlings, mafia style. Those underlings, however, can give out little "hints" to brothers, sisters, mothers, friends, etc…. "Shrimp" as the cryptoBros call them. Those shrimp don't get to trade on Binance Pro and Coinbase Pro or Genesis Trading (for funds only), and so they go to a retail site which offers "legal" shorting (with borrow). BitFinex. But these shrimp, when combined, can create a tell, like short-interest climbing right before it's a perfect time to short BSV. How did they know? A good prosecutor would simply hunt them down using subpeonas, and ASK them! When asked, with a little pressure of prosecution, people squeek. Shrimp especially don't mind squeeking, and they turn in the mafiaoso underlings, who then turn in the "bosses" or "whales". Anti-BSV whales are VERY well known. Keep in mind BitMart, the exchange who supposedly didn't know how to do ANY KYC/AML for customer, was the only one which was "hacked" by the double-spend attack, and is owned by none other than Vitalik Buterin.
No accusations here! Just pointing to some facts you can look up yourself.

So magically, let's say short interest on BitFinex goes up, right before that Summer 2021 attack, with BSV at $400 plus. Then with perfect timing, a multi-pronged pre-coordinated attack occurs. Well, SOMEONE knew that attack was coming, yes? So like an Al Quaheda shorting an airline before 9/11, word gets out on the "fix" and shrimp and playas begin putting on their shorts ahead of the fix. BUT, a trail is left behind on both instances (including 9/11) which can investigated later. So what's a mafia gangsta to do? DELETE THE LOGS.

This is very SUSPECT if an organization just deletes logs. Sure, if SBF does it at the very end, it's because it's necessary. But SBF's finances weren't really public, so much easier. BitFinex's short interest and charts relating to its BSV derivatives ARE publicly accessible with screenshots and other techniques (maybe even an API?). So what to do?

From my research experience, do you know what's really hard? Getting old data which you remember was easily begotten in 2007, like the top 20 websites of that era. That USED to be easy. Now it's hard, because data companies have died, the internet changes, and people lose interest in old information. One thing that's REALLY hard to get, is even simple price charts on stocks which have gone bankrupt. PurchasePro (PPRO) was a big stinky short of mine, but there's been many in my career (BIDS, MPPP, AHWY, Pets.com, some small banks from the real estate collapse like BKUNA, etc…), which is even now hard to get information on, despite being readily on the internet at the time of the short, 20 years ago. But when a company goes bankrupt, the data companies like Yahoo finance and Bloomberg and others can begin to stop providing the data, as who wants info on a pancaked bankrupt stock? Well, historians maybe, but there aren't many financial historians worth a salt. But prosecutors are also game to want that access.

So what do you do, if you wanna delete the logs? DELIST! As fast as you can. Make it so you can say 'well, we delisted, why would we save the logs?". Voila, you have a legit-sounding excuse, and can delete logs and telltale data without worry of looking suspect.

It's like you can delete all the person's records, of the person you just murdered. Phone calls (to you the murderer), payments (to you, or your enemy), and other telltale signs of what may have triggered the crime can be deleted. In a murder case, this may not be possible, but in BitFinex wild wild wild west cryptoshit world, SBF is now what people EXPECT!

So is it time for FOSers to cover up? (Friends of Sam— put that in SLictionary.com/CreateWord/FOS/@/@/ )

Here's another suggestion which came from a BSVer on Tw@ttr:
Another bennie of maybe shutting down margin trading on the BSV derivatives, is if some HODLers had massively levered-long positions on BSV, and are now sitting on a huge loss they haven't quite taken. Maybe the naked shorters though they could END these borrowers positions and force them to sell BSV for $19? BUT but but, they had trouble because some BIG BIG buyers came out of the woodwork at $35-40 and prevented the collapse-price from being reached. Then the SBF guy and his weirdo CEO chick are looking all Prisoner's Dilemma-ey recently, and panic sets in. Get rid of the logs!

Well, to collapse these positions for a loss at a HIGHER price, just force it. End margin trading.

Conclusion:
It's a great sign for BSV that a potential colluder/fixer/rigger is being taken out in SBF. The squeeky noises now coming out of BitFinex is another good sign. But ending legal (WITH borrow) shorting isn't good for BSV; I'd even say it's bad (but won't go into it here). Especially not if logs can be buried/burned. But overall, the fact that BitFinex might FINALLY be worried, is something which was pointed out last December when discussing 2022 might be BSV's "year".
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https://sym.re/J2MMqdT
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Looking very wrong about that call, from a price standpoint, but from a catalyst standpoint BSV is having a much better year minus the zero-txn miner fiasco. I look forward to more pressure from regulators on CZ, Binance, Tether, BitFinex, OKex, Huobi and Vitalik Buterin (who owns a certain exchange which should be familiar to BSVers).

Lastly, if you think BSV isn't manipulated (since probably 2018), after seeing all the evidence eminating out of SBF/FTX, then "I'm sorry, I can't help you, I don't have time" or whatever that Satoshi quote is.
If you own BSV, you have to accept the fact that it's likely been highly rigged. What you're betting on, over the LONG 5-8 year run, is that at some point it becomes QUITE uncomfortable for perps and mafiaosa to mess with it. At $10 and $20 it becomes quite hard to mess with BSV, just given the size of some BSVers in the sector. So even tho there's no THEORETICAL limit to how low BSV can be manipulated (see a previous post of mine on that subject), there's some PRACTICAL limits on what criminals can do, due to risk of being exposed. Logs of shrimp shorting might be one of those little "odds and ends" BitFinex would sure like to see disappear as soon as possible given all the pressure they are under. No?

This is all conjecture of course, pure fictional reading for conspiracy theorist madmen like Twetchnians, or is it Twetchsters? Only SLictionary will know for sure, in the end. Put up a bounty and own the words to find out:

https://www.slictionary.com/BeABaron/@/?w=Twetchnian&b=11
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https://www.slictionary.com/BeABaron/@/?w=Twetchsters&b=11
(Warning: this generates NFTs which you will own, and may result in cash-flows coming your way in perpetuity as people seek these words and pay 70% of their seek fee to viddy)

More fun FICTIONAL reading:
https://sym.re/HeT1z42
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