Best Twitter threads of the day – December 9th

1) I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like.

But as the committee still thinks it would be useful, I am willing to testify on the 13th. https://t.co/KR34BsNaG1

— SBF (@SBF_FTX) December 9, 2022

2) I will try to be helpful during the hearing, and to shed what light I can on:

–FTX US's solvency and American customers

–Pathways that could return value to users internationally

–What I think led to the crash

–My own failings

— SBF (@SBF_FTX) December 9, 2022

3) I had thought of myself as a model CEO, who wouldn't become lazy or disconnected.

Which made it that much more destructive when I did.

I'm sorry. Hopefully people can learn from the difference between who I was and who I could have been.

— SBF (@SBF_FTX) December 9, 2022

.@SBF_FTX,

Based on your role as CEO and your media interviews over the past few weeks, it’s clear to us that the information you have thus far is sufficient for testimony. (1/3) https://t.co/YUVVjOkC40

— Maxine Waters (@RepMaxineWaters) December 5, 2022

As you know, the collapse of FTX has harmed over one million people. Your testimony would not only be meaningful to Members of Congress, but is also critical to the American people. (2/3)

— Maxine Waters (@RepMaxineWaters) December 5, 2022

It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later. (3/3)

— Maxine Waters (@RepMaxineWaters) December 5, 2022

SCOOP: BLOCKCHAIN EVIDENCE SUGGESTS GENESIS BLOCK WAS A FRONT FOR ALAMEDA RESEARCH.

Customer transfers to Genesis Block were sent directly to Alameda's addresses. What kind of hedge fund was this?

Summary 👇 (1/)https://t.co/nVTmmCWnEy

— DIRTY BUBBLE MEDIA: LAUNDROMAT (@MikeBurgersburg) December 9, 2022

Genesis Block is (was?) a Hong Kong-based OTC crypto exchange.

The FT recently reported that Genesis Block was closely tied to FTX/Alameda in multiple ways, including sharing leadership, offices, and other close ties… (2/)https://t.co/oAxJPP0mDY

— DIRTY BUBBLE MEDIA: LAUNDROMAT (@MikeBurgersburg) December 9, 2022

We can report that we have evidence demonstrating cryptocurrency ostensibly transferred to Genesis Block was, in reality, sent directly to at least two addresses controlled by Alameda Research. (3/)

— DIRTY BUBBLE MEDIA: LAUNDROMAT (@MikeBurgersburg) December 9, 2022

In addition to this evidence, blockchain flows through these addresses strongly indicate these were consumer-facing addresses enabling deposits and withdrawals.

This is not how we would expect a "hedge fund" wallet to behave: (4/) pic.twitter.com/9fREo7BahJ

— DIRTY BUBBLE MEDIA: LAUNDROMAT (@MikeBurgersburg) December 9, 2022

The two addresses that received Genesis Block deposits have processed over $20 billion in transfers in their existence.

This raises an interesting question: Was Alameda Research really a hedge fund? Or were they something else? (5/) pic.twitter.com/yhi4eT4uku

— DIRTY BUBBLE MEDIA: LAUNDROMAT (@MikeBurgersburg) December 9, 2022

Bitcoin can now physically change hands like cash or gold coins.

This NFC card, built by @coinkite, has a private key sealed inside it that only the card itself knows. I sent ₿0.006 (~$100) to its address, and now I can hand the card over to you just like a 100 dollar bill. pic.twitter.com/jUjxOKZNhX

— Mike Kelly (@NicerInPerson) December 8, 2022

Until the key is unsealed; whoever has the card, owns those Bitcoin. Handing over the card is an instant, unrecorded transaction.

I've built an app that talks to the card over NFC so you can verify it's authentic, the key is sealed, and what the balance is on chain: pic.twitter.com/7M476m7IBf

— Mike Kelly (@NicerInPerson) December 8, 2022

If you want pull the Bitcoin off the card, you unseal the key and transfer the balance to a wallet. The card now reports the key as unsealed (failing a check in my app) until you use the app to tell the card to generate a fresh sealed key – which effectively resets the card.

— Mike Kelly (@NicerInPerson) December 8, 2022

If you have a @SATSCARD and would like an early access invite to the app, or you’d like to be involved in the project in some other way, send me a DM.

Thanks to @nvk, @DocHex, and the coinkite team 🙂

— Mike Kelly (@NicerInPerson) December 8, 2022