Halloween is the theme. The time when nightmares consume dreams...and u get a whole lot of candy. With a pseudo holiday looming on the horizon the city is filling with travelers. There are already parties with people adorned in masks and furry costumes. During this period when days are shorter and the nights colder it's good to catch up on world news because things are getting interesting. Around the globe there is fear of economic collapse, devaluation of almost every currency against the dollar and many other fearful headlines. That's only half the news. The juicy stories about innovations in science, technology, and renewable energy get pushed to page two. Lets talk about those stories and the new developments with the Celsius case. Alex Mashinsky was serving nice guy Kool-Aid and we were all drinking it. Similar to cult leader Jim Jones of the Jonestown massacre, Celsius caused many people to commit suicide. We'll unpack that news later.
First, Sinogene Biotechnology, a company out of Beijing successfully cloned the first wild Artic wolf. The Artic wolf Maya, died sixteen years ago. The new Maya is a clone created by a process called ¨Somatic Cell Nuclear Transfer¨. A Beagle was used as the surrogate host that allowed Maya to be born. Beagles are genetic ancestors of the artic wolf. Maya is the first of her kind. But she's not the first clone created using this technology. The first successful clone was Dolly the sheep in 1996. Cloning technology in movies like Jurassic Park show how dinosaurs and other extinct animals could be revived by collecting enough of their DNA, then hybridizing it with a modern ancestor. Science is now at the threshold of being able to achieve that same goal. Imagine in ten years u could go to a zoo and see a miniature Stegosaurus right along side the lions, tigers, and bears.
In the field of alternative energy a Dutch company named Flower Turbines has created a tulip shaped wind turbine. These turbines are on a vertical axis and designed to collect wind from any direction. When flower turbines are grouped together they drive wind into one another which results in a fifty percent increase in energy output. The turbines unique design helps them function at very low wind speeds, only generate sound from the wind, and makes them safe for birds. This technological advancement in renewable energy comes in a range of sizes and colors which makes them idea for a household or off the grid backpacker. The creators tried to combine beauty, art and functionality. Just one full sized turbine can reduce the energy costs of a household by one third. This could be helpful for people in low income environments with less access to electricity.
As the Celsius bankruptcy battle unravels in court the story has more twist and turns than a spy novel. There are many facts that were revealed by the courts that the owners lied about. One of the most shocking developments in the case was the doxing of all users of the Celsius platform. Doxing is the release of company information to the public. That means all the creditors who were part of Celsius when they went bankrupt had their account information released to the public. As surprising and damaging to privacy as that was, some aspects were not a bad thing. The reason why is, once the information was made public we (the creditors) found out that at least twenty percent of the people ranting about Celsius on social media don't have money on the app. Some don't even hold Cel token. There are people who just like drama and are involved to spread dissent in the community. I left five figures in the Celsius app and I invested another five figures through bnktothefuture buying equity in Celsius company. That means I have skin in the game and the right to speak on the situation. If u don't have crypto on the Cel app, or in Celsius custody, u are not part of the conversation. Therefore u need to sit down, watch the news, have an ice cream, and shut the f**k-up! Nobody is interested in your opinion.
Here are the facts that were released to the public. While Alex was telling everyone to trust Celsius things were going to be fine. Him and his top Celsius buddies removed their funds before withdrawals were halted. The company was insolvent long before withdrawals were halted due to over leveraged trading using creditor funds. In laymen terms Celsius was gambling with the creditors money while telling us the funds were in a savings account. The hole that Celsius created is in the billions. Now it makes sense that Alex would try to leave the country as the news reported. The Celsius community is strong and has almost a cult type following. No one (including me) wanted to believe all the negative rumors. Alex had the nice guy routine perfected and a lot of really smart people fell for it.
Now that Celsius is in Chapter 11 bankruptcy there is going to be a bidding process. Depending on how that process goes private companies could confiscate the assets and creditors get nothing. There is a group of individuals involved in the case trying to make sure that outcome doesn't happen. One of the people at the forefront of the fight is co-founder of bnktothefuture, Simon Dixon. I've always had respect for Simon for what he's accomplished in the crypto space. That's one of the reasons I've been a member of bnktothefuture for so long and why I invested into Celsius through his platform. At first I was critical of Simons intentions because he was saying a lot of things that, at the time couldn't be corroborated. Also there were rumors that he was a vulture and wanted to buy the company assets for pennies on the dollar. No one knew what to believe. Fast forward three months and the truth is revealed. Everything Simon said would happen with the company did. He was right. Also, Simon is a creditor like the rest of us with funds trapped on the Celsius platform. He has compiled a seven part video series discussing his proposal for a Celsius recovery. His plan is gaining traction from the community but it will be some time before we find out if it can be implemented. Understand that I am in no way indorsing or opposing his plan. I'm only sharing public information that u may not be aware of. Check out the first part of his video series below.
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