amycastor
patreon
Another QuadrigaCX documentary in the works
🕑 Added 2021-03-04 01:09:50 +0000 UTCDear Patrons,
I just wanted to drop a note and thank you all for your kind support— and share some news.
I’ll be in another film!
I’m filming for another QuadrigaCX documentary on Saturday.
I can’t tell you much more until an official announcement about the film comes out, but I’ll try and post photos—if and when I can.
The filming will be all day. It’s completely exhausting getting ready for this, because now, in the midst of COVID, I suddenly have to consider what to wear and how/where to get my hair done. My last haircut was in July, and I haven’t thought about clothes for a long while.
Plus, like a lot of us, I’ve been eating too much pasta and potatoes, so stuff no longer fits. This is a problem!
Also, I have to review the Quadriga material all over again. And of course, my mind these days has turned to Tether. I haven’t been thinking about Quadriga as much.
As far as the filming itself, there are strict rules to follow and everything has to be COVID compliant. I had to take a home COVID test and send the results into a lab yesterday.
Apparently, there will be a COVID officer onsite making sure everyone follows the rules. Sadly, the actual filmmakers won’t be there—they will be on video asking questions.
It’s all so strange and surreal. We (me and the filmmakers) were lamenting this morning about how fun it would be to meet in person and go out for dinner after the filming, but none of that will happen, unfortunately.
As a reminder, I’m also featured—alongside David Gerard—in a Quadriga documentary for the Canadian broadcast CBC, which will be coming out soon. First in film festivals, and later on television. I'm not sure of the exact dates yet.
Why it’s important
When the general public learns more about Quadriga, they will ask a lot of questions. How did this happen? Where were the regulators? Is Gerald Cotten—the co-founder of the failed Candian exchange—really dead? Or is he sipping Pina Coladas on some beach somewhere?
The Quadriga story will put more focus on bitcoin and Tether. Because what happened within Quadriga on a smaller scale is happening with Tether and unregulated exchanges all across the world on a larger scale.
Cotten funded alias accounts on Quadriga with fake bucks and used those to buy bitcoin. He also funded his alias accounts with fake bitcoin and sold those to customers for fiat. By the end of 2017, there were 20,000 fake bitcoins on Quadriga.
When bitcoiners tried to sell their bitcoin and cash out on Quadriga in 2018, as the market was crashing, they soon learned the money they thought was there, wasn't there.
Now, we have tethers—$36 billion worth—used to buy bitcoin. And when this bubble crashes, hodlers are going to come to similar realizations: what they saw on price charts was all meaningless dribble.
I was a coiner, briefly
In other news, some random person tipped me $1,000 worth of bitcoin cash this week on Reddit. Normally, I don’t touch crypto because it's poison. But in this instance, I was tempted by the devil. I needed the money to get my hair done.
So, unbeknownst to many of you, I've been a coiner for the last three days. It really does take over your brain. Will the amount go up or down? Should I liquidate now or wait? Maybe if I wait five more minutes, I’ll make another $20, and so on.
It’s also terrifying to send the funds from one address to another. One little mistake and all the money you thought you had will vanish. For instance, you better copy the SEND address carefully and make sure you are sending it to another BCH address and not a BTC one.
In the end, I liquidated as soon as I was set up on Coinbase. Back to being a nocoiner again, but I wanted to come clean.
Cheers,
Amy
