21 Burst results for "Tackett"
WTOP
"tackett" Discussed on WTOP
"Sports at 15 and 45 powered by maximus. Moving people and technology forward. All right, let's see what's happening in the sports world. No better person to get us caught up to speed than Jay Brooks. No, thank you, Micah. We'll start off with some college basketball, the appetizer to the NFL playoffs which start at the top of the hour. Maryland down 52 47 with 6 30 to go at Purdue. So it's getting close down towards the end. Maryland women, though, in the second with four minutes to go up 20 and 11 as they're taking on Nebraska. NFL playoffs Kansas City awaiting the winner of today's game at three, of course, buffalo is hosting Cincinnati good news to mar Hamlin was in the locker room but won't be on the field. So that should boost the bill's fans and players mood ahead of today's game. Elsewhere, of course, the eagles are awaiting the winner of tonight's 6 30 kick between the niners and the cowboys, the D.C. sports huddles this past week at WTO P sports director George Wallace on why Washington head coach Ron Rivera needs to hit a home run with his next hire at offensive coordinator. Rivera has to swing for the fence here because here's the deal. You got to make a strong impression on the new owner quickly. So you can't, you know, and who knows if you start winning football games and maybe Ron sticks around. I personally don't think Dan Snyder is selling, but anyway, check out the D.C. sports huddle on the podcast D.C. apple or wherever you get your podcasts. To the ice caps who were 6 two losers in Vegas yesterday, missed Alex Ovechkin. First time all season lower body entry waiting for more information on that also former capitals head coach Bruce brut out in Vancouver enter former cap Rick tackett. Jay Brooks WTO sports. Thank you, Jay. It is two 46. The city of Annapolis is hitting the brakes on new major construction projects. This comes after a judge ruled the city doesn't have enough police officers to support new development in the city, city developers need certificates that confirm the city has things such as sewer systems, stormwater management, facilities, and enough police officers to support new projects. The Annapolis police department and the cities office of law says it will no longer sign off on those certificates. Now city leaders are trying to figure out a solution here. The department and city planners are working on that and they plan to try to hash things out at upcoming meetings
Unchained
"tackett" Discussed on Unchained
"These intercompany loans are basically the pipes by which Sam and FTX Alameda were sort of funneling funds around. So when I was sort of frozen everything, we're going to start if we're in a liquidation in the Africans that unwinding everything and sort of see where we end up, right? Because let's say this paper bird incorporated old Alameda money assuming it's the case, right? Let's say they have borrowed money from Alameda to make their invention investments, then Alameda calls back this loan from paper bird to do that, paper bird has to go to subsidiary to liquidate its venture holdings in order to upstream proceeds into paper bird to then pay down Alameda, Alameda then also intercompany loan to FDX trading, it will then sort of take the proceeds it's recovered from paper bird and sort of pay down its known to FDA's trading. It's basically what basically just unwinding all these transactions at this point. Okay, so another solution which actually was seeing you tweeted, it was you. And I saw Zayn tackett the head of institutional institutional sales maybe at FTX. He used to work at bitfinex at the time that it was hacked. And they ended up issuing a token that actually worked, it did eventually make customers whole there. And you tweeted a similar suggestion, and I was curious, first of all, actually, why don't you describe how this would work? And then talk about how this is similar to the bitfinex situation where it's different. Yeah, just give the aunts of how likely this is to pan out. Or to happen and pan out. Okay, I mean, to some extent, it's basically a sort of a modified debt to equity swap, which sort of practitioners in this base would be quite familiar with, except with sort of adapted it. But it took for the crypto space. So it's not a debt to token swap. So what we're basically looking at sort of the chapter 11, you've got all your assets frozen, right? And now you're looking at a plan to potentially maximize revenue potentially maximize recovery to credit this. So what we have here are broadly groups is the FTX U.S. group, this FTX international group, and this is the Alameda group. The Alameda group is the sort of trading arm, which is lost in crap ton of money, which is why it had to borrow money from FTX international and that's why it tipped FTX international into insolvency as well when it couldn't make money to pay it on the bank run. So the thinking is this, right? You've got a bunch of customers who have money stuck in FDA international. And FTX international can not pay back these customers right now. So what you could do is you plug that you plug that hole in the aspects international balance sheet and issue customers recovery tokens, which will over time depending on how you structure it. The next style, you make it look a little bit more like equity. It basically turns FTX international sort of solvent again. Balance sheet solving again, because you've got a real liabilities. These are now sort of assets on you've got rid of those libraries. Or you have deferred them, even. Depending on how you've done it. And it came to me in the middle of the night because I thought wouldn't it be an incredible comeback story if one of the best exchanges in the world was run so fraudulently and run in such a horrible manner and then at the end of the day, you have that to actually solve and you turn into essentially a decentralized ownership but centralized exchange that's run by the community for the community, which is by traders for traders, which is the FTX Logan. So I thought that was Bill was quite an interesting idea. Just to kind of distinguish it from the FTT token, which many people are aware was part of the demise or was part of the cause of the demise of FTX. The difference here would be that it wouldn't be something kind of like more centralized, but basically a community owned token like hopefully more properly decentralized is that kind of what the difference would be. Ironic is that that was part of the reason that FTX went under. But now you're saying a solution would be for FTX to have a token. So I'm trying to explain why this would be better and not. Okay, so let me sort of explain from a study or think maybe three to 5 minutes. I'll go into it in some not too much detail about some level of detail. And I sort of gone through this in my tread a little bit, but I'm assuming not all of the viewers have sort of read it. So I'll start off just run through it quite quickly. So according to Zane, as you say, we have about 8 billion of liabilities, 900 million of liquid assets. You mentioned this earlier, you have got the semi liquid assets and the illegal assets that you were talking about earlier, including Trump to lose 2024. What we're looking at here is that there is a hole in the balance sheet. By a hole in the balance sheet it means that there are more liabilities than our assets right now, therefore rendering this company insolvent and incapable of operating. Let's just assume, okay, we've also lost $450 million to the hack. So let's just assume semi worst case scenario. Hoping it's not more than $3 billion. But let's say there is a $3 billion hole in the balance sheet that needs to be fixed.
WTOP
"tackett" Discussed on WTOP
"Big changes could be coming down the pike for New York avenue corridor in northeast Mayor muriel Bowser recently released a road map detailing plans to upgrade the three mile corridor which includes communities of IV city Brentwood and langdon The changes include adding new community facilities improving infrastructure and adding good paying jobs Because it takes good paying jobs to afford these great housing units that we're going to build across the city Some of the goals are to advance racial equity and to improve the quality of life for residents as the city continues to bounce back from the pandemic We will ensure equitable comeback for D.C. Acacia James WTO P news D.C.'s first elevated park is going to have an interactive play area celebrating efforts to repopulate the river's musel population Did you know there are thousands of muscles in the anacostia river Well you'll be able to learn more about the project who reinstall native muscles into the river when the 11th street bridge park opens in a few years The play area will include sculptures of muscles sea grass climbers and slides muscles have been reintroduced into the river to pull out toxins an adult muscle can filter ten to 20 gallons of water a day The 11th street bridge park will be the city's first elevated park it's a partnership between D.C. and the ward 8 based nonprofit building bridges It'll be located on the piers of the old 11th street bridge Shaina still in WTO news the IRS says four people in Virginia and D.C. defrauded COVID-19 benefit programs Gregory tackett Lee Gregory tach excuse me and Leland Czechia of southwest Virginia were sentenced to 9 years in prison for scamming the feds for nearly half a $1 million Kenneth gagan of D.C. pleaded guilty to taking more than 2 million in federal relief loans using stolen identity The IRS says he used that money to buy a yacht row house luxury cars and pay.
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"And <Speech_Male> it really does <Speech_Male> show <Speech_Male> the strength of this <Speech_Male> industry and <Speech_Male> how well we've <Speech_Male> done <SpeakerChange> and building <Speech_Male> out something that's <Silence> very strong. <Speech_Male> <Speech_Male> Awesome man, <Speech_Male> well Zayn, thank you for <Speech_Male> joining the show. <Speech_Male> It's great to have that <Speech_Male> first person <Speech_Male> look at <SpeakerChange> a crazy <Speech_Male> historical moment. <Speech_Male> Yeah, <Speech_Male> thanks for having me on. <Speech_Male> Yeah, very <Speech_Male> very excited to see what <Speech_Male> else comes <SpeakerChange> out in <Speech_Male> the coming days. <Speech_Male> <Speech_Male> Back to MLW <Speech_Male> here. And <Speech_Male> by way of wrapping up, <Speech_Male> I want to hone in on <Speech_Male> <Advertisement> something Zayn said about <Speech_Male> <Advertisement> how it feels like <Speech_Male> <Advertisement> we're probably going to <Speech_Male> learn a lot more about <Speech_Male> this. <Speech_Male> I think that that's true. <Speech_Male> I think that there are <Speech_Male> so many <Speech_Male> questions about <Speech_Male> how this particular <Speech_Male> couple came to have <Speech_Male> this Bitcoin, <Speech_Male> what the actual process <Speech_Male> of the hack <Speech_Male> was, where they <Speech_Male> involved with that, <Speech_Male> did they just buy it <Speech_Male> later, et cetera, et <Speech_Male> cetera, there's going to be <Speech_Male> a ton, a never <Speech_Male> ending basically <Speech_Male> set of lurid <Speech_Male> fascinating details <Silence> for us to pour <Speech_Male> over. But <Speech_Male> I also can't <Speech_Male> help but reflect <Speech_Male> that this story <Speech_Male> comes in a <Speech_Male> significant time. <Speech_Male> The crypto <Speech_Male> industry has had not one <Speech_Male> but two hearings <Speech_Male> this week <Speech_Male> and is in the midst of <Speech_Male> transitioning <Speech_Male> from this perception <Speech_Male> of it being <Speech_Male> the wild west <Speech_Male> to something <Speech_Male> that exists in <Speech_Male> a public policy <Speech_Male> framework that regulators <Speech_Male> and traditional <Speech_Male> <Advertisement> businesses can wrap <Speech_Male> <Advertisement> their heads around. <Speech_Male> On the one <Speech_Male> hand, this <Speech_Male> story brings up a <Speech_Male> reminder of <Speech_Male> that wild west <Speech_Male> time in the industry's <Speech_Male> <Advertisement> history. <Speech_Male> <Advertisement> But on the other hand, <Speech_Male> <Advertisement> it's a sign of <Speech_Male> <Advertisement> things getting cleaned <Speech_Male> <Advertisement> up, and I <Speech_Male> can't help but think <Speech_Male> that in many <Speech_Male> ways. No <Speech_Male> matter what comes out <Speech_Male> about these <Speech_Male> particular defendants, <Speech_Male> and what <Speech_Male> happened precisely with <Speech_Male> the hack, <Speech_Male> many if not most <Speech_Male> of the important <Speech_Male> lessons that came out <Speech_Male> of it have already <Speech_Male> found their way <Speech_Male> into common practice <Speech_Male> in the industry <Speech_Male> <Advertisement> in terms of how <Speech_Male> we think about custody <Speech_Male> in terms of exchange <Speech_Male> risk in terms of <Speech_Male> all of those <Speech_Male> things which are now just <Speech_Male> embedded as <Speech_Male> expectations <Speech_Male> in how we <Speech_Male> operate and function. <Speech_Male> As painful <Speech_Male> as some of these memories <Speech_Male> can be, they <Speech_Male> are also the stepping <Speech_Male> stones that made the <Speech_Male> industry able <Speech_Male> to grow the way that <Speech_Male> <Advertisement> it has <Speech_Male> and handle the <Speech_Male> volume and the interest <Speech_Male> <Advertisement> that it currently <Speech_Male> <Advertisement> does. <Speech_Male> I think we don't need <Speech_Male> to shirk away from <Speech_Male> our history, but we do <Speech_Male> need to understand <Speech_Male> it. And I hope this <Speech_Male> gave you at least one person's <Speech_Male> perspective <Speech_Male> on that history today. <Speech_Male> <Advertisement> I want to <Speech_Male> <Advertisement> say thanks again to my sponsors, <Speech_Male> <Advertisement> nexo <Speech_Male> IO, arculus, <Speech_Male> FTX and <Speech_Male> mal dot com. <Speech_Male> Thanks to Zayn for joining <Speech_Male> me and thanks to you guys for listening. Until tomorrow be safe and take care of each other. Peace
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"Yeah, I think that you're right when you say that this is probably there's a lot more in this story to come. I guess any other kind of like final takeaways or wrap ups. I know it's kind of crazy to have what feels like ancient history, especially in crypto time, drag back up, but do you think that, you know, what's the net impact of things like this? Does it just restart old kind of conspiracy narratives or frustrating narratives? Or is this just basically like unreservedly good for the industry to have criminals that actually have taken advantage of the industry and kind of given it the reputation that it continues to try to shed a good thing? I don't see a way in which this is a bad thing. On one hand, I think it definitely should demotivate potential hackers. You see how hard it is to clean the stolen money. They were offered $400 million for it and they could have just taken it as a bug bounty and walked away. So I do think it's good to show that it's not as easy as just stealing the money. There's a whole lot after that that you're going to have to deal with and you're always going to have to look over your shoulder. I do also think it's good that hopefully I'm assuming that bit the next we'll get the money back and it'll go to people that believed in X either through the RT or VFX REO or however they end up doing that, which I think that's good. People that have supported them for the last 6 years will get rewarded for that. As to some of the conspiracies it brought up, one thing that it's at least my personal opinion I think that in any exchange should be self custody in their funds. And if you look at the way that all the big exchanges operate now, you see binance binance doesn't use custodian or custodian integration. FTX, same thing, coinbase, same thing. And so you've kind of seen this move away from trusting a third party vendor to deciding to do it in-house. Which massively reduces information leakage and attack surface. You're not relying on another party to also not have any issues or be compromised. And so I think that's a great thing. And I do think that it's also kind of proven the formidability or of just the hot cold wallet setup. Bitco had worked with Bitcoin, had the real time proof of reserves. Everybody has their own address. It was fancy..
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"Breakdown to support the show. So this ended up being the beginning of the end of your tenure there. As you kind of left and got into other roles in the crypto industry, were there any big takeaways for you or just different differences in how you thought about things after or just kind of any big, big kind of high level reflections. Yeah, there were a lot. So one, I think the biggest one was that you really find out who you want to do business with in moments like this. There were a lot of clients that the people that lost the most money by far. Not even close. The people that lost the most money were the ones that were the easiest to deal with were the best to deal with that instead of saying you guys, how am I going to get my money back? We're saying, hey, how can we help what can we do to get things back and make people whole and so you really kind of saw people through colors and who was there for who was a good partner. And one of those was B two C two the CEO of Macs where I ended up going after bitfinex reached out in first thing he said was like, hey, you know, let's talk about your future. And yeah, so he had been looking into going into the OTCs face for a while and then he had pretty good timing on picking me. But yeah, I would say that was my biggest takeaway. And not dealing with the public at large is a much less draining job. Yeah. So what was it like then hearing this news yesterday? Was it just sort of totally out of the blue for you? Oh my God. You have no idea. Historically, they had done they had moved coins very infrequently. And I was always like that, that's super smart. If I were them, I would just be racking up debt left and right and not touching that Bitcoin until way longer so that better tools could come out to try and hydrate tracks because any single time you touch that Bitcoin, you're basically leaving a trail. And they might not be able to find it when it happens. But years down the line, there might be some better technology that allows them to look back and see what mistakes you made. So to see that they had finally got caught and not shortly after that 10,000 BTC movement. It was surreal. To be honest, I didn't really think the Bitcoin were going to ever come back because they had been pretty prudent with not moving it, and it didn't seem like they were very reckless. Now that we have all the details that obviously isn't the case, and I'm not going to let it just seeing Heather Heather Morgan seeing her Twitter and the top post was you have enemies good. That means you stood up for something in your life. That..
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"We got this no problem. We'll pay everybody back. And how to full plan. And then at that point, it's a lot easier for me to do my job because it's just like, all right, I need to keep things alive until we can execute this plan. There must have been intense skepticism scrutiny like I can't even imagine the state of conversations at that point. Yeah. And for better or for worse, the real time proof of reserves did exactly as advertised people could check in real time whether or not they're their own funds were stolen. People saw how much was stolen. And then conspiracy theories started to fly, people were holding. I got a lot of death threats, but whatever people are asked if you want to say you're going to kill me, you know. Be my guest. But the suicide notes were much harder to take. Because I did you could see that their money was gone. And I did really affect people. So that was much harder, but basically I just thought, you know, I'm going to try and be as transparent as possible, provide as much information as possible. As soon as I have updates, I'll share it. And then, yeah, there was like a war room going on with bits and X internally. How what's going on what's happening, pushing out updates. There was a lot of chats with bitco about what's going on, how are we going to get our funds back to bring up the site so that people can withdraw, because there was still a lot of Bitcoin held at the exchange and people obviously were not very comfortable with the hack having just happened. And then still having money on the exchange. So priority number one was to get the exchange back up and running without any trading functionality and just facilitate withdrawals. So that if anybody wants to withdraw, they can get off whatever other assets they have. And then we can work to rebuild. Nexto is a trusted and easy to use crypto platform, where you can buy cryptocurrencies at the touch of a button and start earning up to 18% annual interest that is.
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"So then hearing a 119,756 was lost, was like holy crap. You know? Just kind of rocked me. And then I think my next question was, all right, so are we dead? Is this it? Just pack up and go home. And John Carlo, who if anybody's ever met him, knows that he's a very confident person, believes in himself believes in his team believes in the product. And to hear him say, yeah, I don't know, was sort of shocking. I was like, oh my God. If this guy is shook, what could be going on? And John Carlos actually on vacation when it happened, I think he was out on a boat or something. With very poor Wi-Fi. And then I was like, right then, you just kind of get that adrenaline dump. All right, it's time to start handling stuff, so I hopped off the phone with Giancarlo started. Prepping the communications, trying to figure out how we want to notify the users about this. And I remember the first thing I put I typed it into Twitter and it was just the worst thing you could have ever put on. Something like bit X hacked customer funds lost. And then I was like, wait, nah, that's not very good. And then we thought, okay, and so, like, limiting us to a 140 characters of Twitter, probably better to just say, there was a security incident with a breach more details and linked to an announcement on bit snacks. So started kind of just trying to prepare for that initial announcement and then starting trying to prepare all the how we want to frame this how we want to go about it. Do we want to release the exact amount do we want to release how we're going to try to handle it? We don't we're not really sure yet. And so at the beginning, we didn't release how much was stolen and that didn't last for very long because people could just see the P two SH, how much Bitcoin was held in P two SH addresses multi sig addresses. When down by about a 120,000. So people had a pretty good idea very quickly how much was lost. So we came out and confirmed that it was a 119,756. And then I think it was something like 42 hours or something without any sleep. Just going through interviews with the media going through Twitter, Reddit, trying to get everybody as much information as possible about what happened, how are we going to deal with it? And the biggest crux of how are we going to deal with it? Is there two ways of thinking about it? One was the people that lost money, bummer, you basically have a security deposit box. And that's security deposit box was compromised. And so your funds are gone, and that doesn't affect anybody else. But then as you're looking at it, it didn't really make sense to do that. And one of the reasons why is it the guy the hacker started from the largest addresses and drained it down until we stopped it. And so you would basically be just taking the money from all of the people that had the most on your exchange, which probably isn't a good way to secure your survival. And so in the end with 36% across the top haircut and then Giancarlo and Phil started working on the BFFs idea and I mentioned before Giancarlo it was weird to see his confidence shook and I think within a day he was back like, nope, we're going to be back..
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"But that was actually quite a popular place as well. And then something called team speak. Which had a lot of the, I guess, you would say pro tail or power user traders. But Reddit was always my favorite medium, Bitcoin markets was my favorite subreddit like it had a lot of really good high level discussion. Okay, so the optimism is returning. There's some momentum. There's wind on yourselves. Talk to us about what the sort of the very initial feeling was or how you guys started to figure out that something was wrong and what that very first period was like. Yeah, so I'll just go back a little bit further right after I left John Carlos things were going so well that I do remember thinking like, man, life can't be this easy. Things we go in so well, something bad has to have just can't keep going like this. And I think it was like four days later, 5 days later this happened. And yeah, I was out with a Chinese client really large client of ours living in Amsterdam at the time. The night before go out and wake up and hungover and we weren't crediting deposits, which this Chinese client was starting to get a bit frustrating, kept hitting me up. Hey, why isn't my deposit landed? What's going on? And I kept putting it in slack. And it was really weird that I wasn't getting a response because usually Paulo or somebody on the team would respond within minutes. And there was almost never a need for multiple things in this time. I'd probably send it three or four times. And I started to get a little bit frustrated and I was like, all right guys, seriously, what's going on? Tell me. And we had an all hands call. And we get on and I think it was Phil that just kind of goes like, all right, guys, we were hacked. And I'd been through a hack if that's next before. Actually, almost as soon as I joined the next got hacked and we just ate the loss and this was right before we moved over to Bitcoin and with Bitcoin we had the per account limit. So each account had their own address. On the blockchain so that you could have real time proof of reserves. And so we had every single account or wallet address had its own limits, and then there was a global limit. And so when we got hacked, it was bummer, but who cares? It's only 2000 Bitcoin. We can survive that because we had a global limit of 2000. So I was like, all right, so we lost 2000 Bitcoin went next and I was like, no, it's a little bit bigger. And I was like, oh, you know, it's kind of weird because we have the global limit in place. How much bigger could it be? And so I remember what 5000. And he's like, yeah, no, it's a bit bigger. And I was like, ten, 10,000? How big are we getting here? And he's like, oh, we're not sure yet and kind of danced around it a bit. And I just hopped off and called John Carlo directly. And I was like, you know what? Where are we at? How much did we lose? How bad is this? And he was like, yeah, a 119,756 Bitcoin and just oh man. Yeah, just shook my world. I was pretty sure that we could only lose 2000..
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"However, since this is so fresh, I wanted to do something a little bit different and give you a first person historical perspective. Zayn tackett is currently the head of institutional sales at FTX, where I work with him regularly. But back then, he led community and product for bitfinex and was on the front lines of this entire affair. I asked Zane to come on the show and give that first person in history sort of point of view. And so I hope you enjoy this conversation. All right, Zayn, welcome to the breakdown. How are you doing, sir? Doing all right. Interesting day. Yeah, I vet. So I appreciate you jumping on really quickly. Obviously, I've given a bit of background in context in the intro to this show. But I thought it would be super fun to have you on as sort of a first person witness and participant in a historical moment that now has a very important new phase in the story. So I guess to go back then, first, remind me again of your exact title. That was the director of community and product development. And that effectively meant the director of community in particular. You were sort of more public facing than just about anyone, yeah? Yeah. So I pretty much did all the outward facing interviews or communication, and then also I was the only Chinese speaker. So handle all the Chinese market. Most of the listeners at this point came into the industry, a lot of them came in in 2020 or 2021. And even the ones who came in before that often weren't here in 2016. So I want to kind of zoom back and talk about just what the state of the industry was around this time, right? In terms of what was different about who was around what was different in terms of the kind of conversations that were going on, we had just had the Dow hack a few months earlier, I think. But yeah, what was it like in 2016, you know, even before this happened? So right before this happened, things in the industry were actually going extremely well. I remember I did go out to see Giancarlo for the first time the CFO of bits next. In July. And we had just done 1.4 billion in volume that month, which was like, oh my God, unheard of, which is kind of funny now 'cause that's a bad day. But we had kind of finally gotten over the bear market from 2014, 2015, 2016 was just starting to build up speed. The next was just hugely dominant doing over 40% of the BTC USD volume pretty much every day. And sometimes getting above 50% even close to 60%. So things were going very well in the industry. It was still very small. But building back up from the bear market, starting to gain momentum and bits and X was just the King of the Hill. And even in terms of like, there are a bunch of like subtle differences too, right? Where Reddit, for example, stood as a communication channel as compared to Twitter was pretty significantly different. Any other kind of big notable things like that in terms of which channels you had to engage with or who represented who was represented in the communities of participants. Yeah, so this is Twitter was just starting to get a bit of usage in crypto at this time. Reddit was still definitely the place where most people were. And the other place was actually trading view, which is kind of funny like trading view had chats or has still has..
The Breakdown with NLW
"tackett" Discussed on The Breakdown with NLW
"And I was like, all right, where are we at? How much did we lose? How bad is this? And he was like, yeah, a 119,756 Bitcoin and just oh man. Yeah, it just shook my world. Welcome back to the breakdown with me, and I'll W. It's a daily podcast on macro Bitcoin and the big picture power shifts remaking our world. The breakdown is sponsored by nexo dot IO, arculus, NFTX, and produced and distributed by coin desk. What's going on guys, it is Wednesday, February 9th, and today we are talking about this crazy court case. The U.S. government has seized $3.6 billion worth of Bitcoin, connected to the 2016 bitfinex hack, and it's all everyone is talking about. Today we're going to have a conversation with someone who is in a first person position to see that all go down back in the day. But first, if you are enjoying the breakdown, please subscribe rate and review the show and then go check out our breakers Discord. It's the place where all the conversation about the show happens and you can find the link in the show notes or go to bit dot Lee slash breakdown pod. Also a disclosure, in addition to them being a sponsor of the show, I also work with FTX. And one more thing before we get into today's crazy show. This week I am thrilled to have an extra special sponsor in meld. If you've ever wondered how the rich are able to spend their money and still stay rich, it's because they borrow against their assets. Mel is creating a protocol that can be used by.
Conversations
"tackett" Discussed on Conversations
"That phil harris built for alice faye spanish hacienda. So is really a piece of hollywood history. And i had the stangeland windows in their own. My personal idols. The beatles were there. Paul and already where they're joni mitchell. Bob dylan was there and these these there were two of the panels and they were as big as that. Each one was as big as as as that wall that whole wall and it was it was it. Was you know as i as time went by. I came to know all those people And then eventually a. After i got married my wife one of the first my first wife one of the first thing she said was the stained glass windows half to go by. Yeah and somehow were taken out of the house. And i was under the impression that i was donating them to ucla and that they were going to use them in the student center but something very very bizarre happened. Those windows disappeared. Think if anyone's got us utterly disappeared. And i have a picture of them in my book. I think there's one of them and even though it's in black and white you can see that it's all this lustrous you know glass and i'm thinking that maybe someone might contact me and say you know i've seen that. One of the figures on that window was johnny mitchell. The time that she came to your house along with the la philharmonic whether we're a bunch of players from the philharmonic lived out in panga canyon and my guitar player. Freddy tackett and his wife. Patricia lived out there and They were very much into the artsy seen Almost too much into the arts. He saying she was a kind of a modern day is door. Dunkin and patricia was her nickname was oshana and the reason was that when she said her mind on something. It was like holding back. The ocean mean the idea was that we were going to have a nude concert. Of course we're going to. And i would have never thought of this i would. I have lived my whole life quite happily and never thought of this thought. But she and i said well. I don't know what. How practical is that you know. And the first thing. I know you know she set the day and she's got the members of make this clear members of the la philharmonic. She's got them all lined up to come take their clothes off and play and then there's little concert there's little groups there's a quartet and there's a oboe assed and a pianist and they're a little Sort of fragments of the orchestra that her split off into other and place that it was six acres this yard and so so there's plenty of room to have different different things going on at the same time and the only the only Prerequisite was that when you arrived you had to take your clothes off. I remember when the phone rang in the kitchen and the the property was crawling with musician of new music musicians. It was a one pregnant one lady who was blessedly pregnant. She was cellist. We we cut her some slack. Where skirt okay. So at one point the phone rang. And it was david geffen and i said oh hi dave. He says what's going on. I said oh nothing. Nothing really just run ordinary day and now in barrett is he said well good..
Conversations
"tackett" Discussed on Conversations
"That phil harris built for alice faye spanish hacienda. So is really piece of hollywood history. And i had the stangeland windows in their own. My personal idols. The beatles were there. Paul and already where they're joni mitchell. Bob dylan was there and these these there were two of the panels and they were as big as that. Each one was as big as as as that wall that whole wall and it was it was it. Was you know as i as time went by. I came to know all those people And then eventually a. After i got married my wife one of the first my first wife one of the first thing she said was the stained glass windows half to go by. Yeah and somehow were taken out of the house. And i was under the impression that i was donating them to ucla and that they were going to use them in the student center but something very very bizarre happened. Those windows disappeared. Think if anyone's got us utterly disappeared. And i have a picture of them in my book. I think there's one of them and even though it's in black and white you can see that it's all this lustrous you know glass and i'm thinking that maybe someone might contact me and say you know i've seen that one of the figures on that window. Was johnny mitchell me about the time that she came to your house along with the la philharmonic whether we're a bunch of players from the philharmonic lived out in panga canyon and my guitar player. Freddy tackett and his wife. Patricia lived out there and They were very much into the artsy seen Almost too much into the arts. He saying she was a kind of a modern day is door. Dunkin and patricia was her nickname was oshana and the reason was that when she said her mind on something it was like holding back the ocean. I mean the idea was that we were going to have a nude concert. Of course we're going to. And i would have never thought of this i would. I could have lived my whole life quite happily and never thought of this thought. But she and i said well. I don't know what. How practical is that you know. And the first thing. I know you know she set the day and she's got the members of make this clear members of the la philharmonic. She's got them all lined up to come take their clothes off and play and then there's little concert there's little groups there's a quartet and there's a oboe assed and a pianist and they're a little Sort of fragments of the orchestra that her split off into other and place that it was six acres this yard. So there's plenty of room to have different different things going on at the same time and the only the only Prerequisite was that when you arrived you had to take your clothes off. I remember when the phone rang in the kitchen and the the property was crawling with musician of new music musicians. It was a one pregnant one lady who was blessedly pregnant. She was cellist. We we cut her some slack. Where skirt okay. So at one point the phone rang. And it was david geffen and i said oh hi dave. He says what's going on. I said oh nothing. Nothing really just run ordinary day and now in barrett is he said well good..
DeaconLive
"tackett" Discussed on DeaconLive
"To live. It is now time for up to speed. Take hey good afternoon. I'm no you guys are all familiar with the usb cables when she used for charging you phones or hooking up be between a phone and computer. They have this lightening cable for apple and a logger to hacker. Who said that. He has a kid wireless key logger inside. The cable. cabled enable someone to keep up to a mile away. He can trace the key. Logger can say exactly what you type in a hold on dan. You gave me a whole earful there. So you're saying my. I don't have apple i've gotta android because i'm cool and my charger. There's a key logger in the charger in no in. The cable is in the cable self. And i'm looking at one of these cables. It's about eighth of an inch thick. Hold on in my existing cable right now or is this something that aftermarket. He's got deep. He puts them in. He does he can. He can take your cable kitchen. He like cracking the flight. The cody stick. He's putting a crack in the cable inside the cable so that he can run a spyware on your machine by fi he can create a wi fi hotspot and get into your computer. I have no idea how that works. How would you do that. The cables only. He's putting he says he can put. I've seen a picture of the cable and seen a picture of the hardware he's going and i physically don't think it can happen. I mean if someone did do that they'd have to be within three hundred feet of your house to be able to do that and crack and get your password so You know the guys got this thing. Say that's going on. But i i'm i'm i don't look. Does he have to cut the court open an inserted he can cut the cord opening inserted and put it all back and i mean i can't take something out of a cardboard box and put it back the same way i i just. I don't know i'm i'm just calling bullshit on this. I don't think it's i haven't been able to find any body you know. There's about six sites that say it's happening and i haven't seen anybody say they couldn't do it so you think or hack. Yeah i think it's scat when you take the vcr and you get all those nice goodies out of it right. That's that's old school but yes what else go the touch. Id sensor on apple devices on your iphone your ipad. It measures both electrical capacity and uses radio frequency to terminate the finger pressed against the read. The reather is attached to a living person. So that means that you know if it means you know you see in the movie where they cut. Somebody's finger off and they stick it on the censor and it opens up the volvo right. Well you can't do that with you may be able to do it with one of these fancy security systems. What about your. I if you or your face where they do face recognition. If i get your face off. Dan can open up your phone. Yes well that was that. Was that movie with john. Travolta the faceoff movie but you know they say if you're gonna if you need to unlock somebody's iphone or i pat do it. When they're asleep and then kill him later. Just do it in the radar so knock him out knock them out and have their phone or put their finger on the phone and then go from there. Yeah you can do that. But if they if you've already killed them you're not going to be able to get into the fingerprint. That's to eliminate a whole lot of theories behind movies like this could actually happen. It's kind of like mythbusters. If the i've seen movies with Like i dunno. They're breaking tom cruise. You know he gets the fingers. And that's it's going to eliminate all that well if it's done by apple android alarm system million dollar alarm system but it's also i love when they break into a car and they smashed the window and then the guy goes any cut. Some wise anita dashboard on anything built after nineteen eighty and steering wheel locks right. Sorry you can stop the car up and they still pull it down and take you still have to pull it down and drive in no matter what you do with. Starting the engine the steering wheel call them has a lock on it and maybe they think that maybe. That's why the screwdriver that you stick it in the ear of the column. I'd just see him reach a neat to dashboard and grabbed two wires and take off. Yeah and they're hooked on nine volt battery probably okay so he's a little interesting tidbit if you're if you're using the youtube app or actually The netflix hulu the disney and other video apps. If you're watching the video and you tap on the left hand side of the screen. Double tap it. It goes back ten second tv. And now if you if you plan youtube on your phone oh okay. If you're on your phone on your ipad if you're watching the video you double tap it on the right and it moves forward to ten seconds. Triple tackett moves twenty-second so if you're watching the video you can just tap it a little bit. I see my white. I see my wife do it all the time and then i'm go because she does that kind of stuff. She watches the videos. And she'll tap the screen and co own a new recipe. She'll tap the thing. And let's get to the par- doesn't that look good. And then i watched like video so i can cheat at whatever video game. I'm playing and tap the screen. And for whatever reason i tap the screen i go to some other commercial or something so i don't know if i'm tapping the right partner with controls that's right on the left hand left. Hand side goes backwards. Right hand side goes forward. Tv had touch screen on my big one hundred six inch tv in my movie studio. Well walk up. Hey hold on. I want to go back and hit the screen a couple of times. No but that doesn't explain why you got fingerprints all of your screen. We saw that. It doesn't work that way sa no. It doesn't work that way. But it's i think that's kind of cool with youtube videos on. It does on the youtube app. Hulu one disney one. Well i guess. Yeah i don't know i mean there's a little kids run around with tablets and stuff all the time and they get confused and they touch the screen left and right and the parents don't know what they're doing there you go. What else you got anything. Don't be apparent. Don't be apparent and did you have any jobs this week. Gemini a yard or two words. What apparent parrot apparent. No a seward's okay. Do you have any computer jobs or anything. That happened exciting this week. I don't know if it's a totally exciting. But i'm working on that digital recorders system in a maintenance building and We haven't had placed higher drive. Put all the software in. And now once i do that. It doesn't recog- the cameras are all password protected they were. Someone put a password on before i started working on them and ilna way reset. The password is physically. climb up a pole. Open up the camera and press the reset button. You can't have a sticker. Something retaliate with a nail on the end of that lower. Fortunately is only three cameras. Imagine if you went to a place that had you know fourteen fifteen cameras and all these different because there is no software way to do that. They probably have android sesame. You could just do you know touchscreen or something. Yeah but that's just kind of a different thing that people don't realize happens. Hire these cameras Probably like fifteen feet high. But that's not too bad at all all right but just the fact you've got to. You know get ladder thrown in the truck drive down there and climb up just to reset password is kind of weird so okay all right then and if you want to know more about dan you have questions for dan you can email me at deacon it profit radio dot com if you have any kind of it questions for him and the way you find that email is go over to profit radio dot com while you're there get some free stuff and follow us on all our social networks backup. More things will wrap up the show. You're listening to live ham radio back..
Academy of Neurologic Physical Therapy Podcast
"tackett" Discussed on Academy of Neurologic Physical Therapy Podcast
"And you can get a copy from their administrative support line but they won't issue it directly to a patient because they feel strongly that patients need to be supervised through the exercise program but basically it really kinda mimics. What would be like a concussion. Return to play graded exercise protocol but it starts in a more recumbent position so that the individual is not challenged against gravity and is able to maintain control over the excessive inappropriate so to speak tackett cardia that happens with an standing postures and so a lotta times people start on rowing machines recumbent bicycles or even just trying to be in a swimming pool to eliminate gravity recommendations vascular issue That's leading to some of the dizziness. I mean of course. The ted compression stockings abdominal binders. And then doing more incremental positional changes. I'm while monitoring the vitals and doing more exercises in supine or sitting before changing and going to the anti gravity so we can facilitate venus return and decrease the intensity of symptoms that the patients are could potentially feel great..
Side Hustle Pro
"tackett" Discussed on Side Hustle Pro
"How many things so asking line called immerses central that i started twenty And i started the business. Because i wanted to learn about the business. I wanted as a serial entrepreneur. It was important to me that i learned other industries and how to get people to transact on real items matt dislike internet ads right. Wow i've so much respect for my friends who are product businesses. I remember texting my league and being like says god. Would you tell me that. We're houses are nightmares. You know so that business. I don't think is for me in how i set it up. Like i don't have the time to Like sit in my kitchen and like shit. Labels like en- because of profit margins Different costs you of need to start that way. When you're growing your product business you need to start with a low cost which you're doing a lot more of human labour. I don't have the time to do that. So i picked the wrong business margin point of view so even if we make a lot of money. Profit margins are bad. Because i'm not at the scale that i need to be to Give those economies of scale and get a higher profit margin. So i still spend some time with inroads. But it's mostly on automation right now. Until i actually have time to build up my product business conversely the growth. Which is a notebook that i designed that. Just kind of models Notebook that i used take. My notes is great because It's just two products. So the other thing mistake i made with. Emrah central gladys sweeter products accused accuser collects user inc But the growth notebook is to products. So i would recommend anybody who's starting a product business to actually just do it. Hero product bundle start something small really marketed. Get your value proposition. Riot and focus on the supply chain in the operations. I hired an incredible woman. Aulia who runs a company called the product place. You can check out on instagram. And so she was really helpful at helping me do the supply chain to the right materials paper and everything and make sure that it was organized. He that's awesome. thank you. i will link to that you guys so that you guys can take advantage and learn more about that. that's awesome. That's good to know that. Hey product is hard. But here's a better way that you can think about it so hero product and with hiring the person that you just mentioned. Does that take away. Some of the nightmare of warehouse and like the margins are less. Because it's like one product you know what it's going to be and you can adjust like cost and and not cost like how much you charge and all of that. Yeah definitely takes some of the concern on the fluctuations of unexpected costs out of it. It it's great for me because it's not my primary source of income for demonic college more like passive income. So we've priced it right so that every month every week just profit. But it's not gonna be like i'm not going to retire off of the growth roy. Yup so i think it's good for people who are assigned bus lers. How do you keep your day job but didn't have something that's giving you this passive income but you can set it up. Forget it you know. We have social media manager. They can pre schedule all this content now and i use it all the time. I it in my instagram post. And seven tackett. We sell a bunch. So i do like the kind of batch working of products where i can go over six months build a product get it into the warehouse do protesting etc find a distribution partner build the website the assets. And then someone else can run the day to day of the marketing the products. already sitting. there. I do like about product businesses. Now and i was just about to ask you about the promotion and marketing side of it because we all multi passionate. We have different ideas. We want to be multi hyphen liking. However how he new structure your time and your brain to okay. I'm going to promote this thing that we're doing we'll to promote upcoming conference today but also to promote my beauty line but i'm also needs to tag my notebook and then i also want to show off march for work for.
KOMO
"tackett" Discussed on KOMO
"Especially because Boeing recently owned up to criminal fraud in the Max is certification process. All 157 on board died when Ethiopian flight 302 crashed in March. 2019 the airlines claim against Boeing is separate from the suits. Boeing settled with Victimsfamilies Corwin Heiko Mo News. Alaska Airlines will receive an additional half billion dollars from the federal cares Act if they stopped laying off workers, Alaska's chief financial officer Shane Tackett, Says the pandemic forced them to cut jobs last year. We have approximately 23,000 employees and we would likely need is many of 7000 fewer active in the fourth quarter and the Puget Sound Business Journal reports to qualify for $533 Million in payroll support Alaska pledge not to lay off more employees or cut their compensation through March, 31st The civil trial, accusing initiative promoter Tim I'm out of campaign finance violations is wrapped up. The state accuses Ironman of illegally moving funds between two initiative campaigns, getting a kickback from a signature gathering vendor and failing to report hundreds of thousands of dollars in contributions. The Everett Herald reports secure. A Superior Court Judge James Dixon, who conducted the bench trial, says he hopes to issue a decision in the next two weeks. Me to. The advocates want to know where Seattle's mayor and city leaders are, as they worry. The latest protest could become yet another disastrous nightly pattern in a city already hurting almost Jonathan Show with Maura there, Jenny Jerking and Council member Andrew Lewis did not want to be interviewed. But they were the on Lee ones to send us email statements. Let me read some of those right now. Mary Durkin's spokesperson says violent threats, vandalism and misogynistic and homophobic hate speech are unacceptable in our community. They're jerking has consistently denounced individuals were targeting small businesses and government facilities. Council member Luis sent us a statement that reads in part property destruction is a crime, not free speech. The small group of people committed acts of vandalism in downtown Seattle and were promptly arrested. It has never been hard for me to distinguish between acts of petty vandalism committed by opportunists. However, some community members say these statements are not enough. They say the mayor and council member Luis should be meeting with impacted business owners. Neighbors and at the very least, they want their elected officials to hold press conferences during times like this to reach more people in to come up with a stronger message calling out the protesters again. Cobos, Jonathan choke someone who's done. 11 40 more home run King Hank Aaron has died. Died peacefully in his sleep. Earlier today, Aaron endured racist threats during his pursuit of Babe roots all time record, which he broke during the pre steroid era. His record of 755 stood for more than 33 years. No cause was given. He was 86 years old. Mariners pitchers and catchers will report to spring training in Peoria, Arizona, around February 17th. The rest of.
Morning Edition
Los Angeles - 4-Acre Brush Fire Sparks In Sepulveda Basin
"Fire crews are fighting a wind driven brush fire in his state this morning the equestrian fires this place is being called is burning just off the five freeway near Tackett canyon road officials say the fire began around three forty five and has burned about twenty acres so far no structures are currently threatened several other brush fires have been reported including one of the spell the damn basin much of the region is under a red flag fire warning this morning because the windy conditions and dangerously low
News, Traffic and Weather
Cash crunch from coronavirus crisis will force Seattle-based Alaska Air to shrink
"Executives at Alaska air say the airline will have to get smaller and stop burning cash to emerge from it pandemic related financial crisis more from Kamose Corwin hate Seattle based Alaska air is announcing two hundred thirty two million dollars in net losses for the first fiscal quarter of twenty twenty well almost no money is coming in during the collapse in air travel executive vice president Shane Tackett says a lot of money is going out we burned about four hundred and sixty seven million of cash from the beginning of the year it says the company has received nine hundred ninety two million dollars from the federal government in payroll protection money still Alaska president Dan Manushi says with a return to normal no where in sight this company is going to get smaller well the prospect of us potentially smaller companies that's something we would have wanted we are realistic about the challenges ahead when she says the airline is perhaps better position to recover than some others because of its all narrow body fleet and limited exposure to the brutal international air travel market
Bloomberg Daybreak: Europe
Mitsotakis appoints his cabinet
"Turning to grace the newly elected prime minister Kiriakis mixer Tackett has assembled his cabinet and he's tough to budget specialist for finance minister books a Laney have reports Greek prime minister okay yeah cause me to die case has chosen cases take with us as finance minister dust with negotiating the relaxation of Greece's fiscal targets to free up room for tax cuts and other measures designed to boost economic growth Kim ministers in the cabinet of Nicholas and yes at the foreign ministry I'm not is here yeah these at the economy and investment ministry handling important privatization projects ankles decided that case at the country's energy ministry facing up troubled public power corporation in a sense a landing strip up Bloomberg they break
BBC World Service
Spain to have world's longest life expectancy by 2040
"Behaviors, so if the good old fashioned Mediterranean diet, but also lower smoking race is one of the things that hip stem ahead of Japan who which has a slightly higher smoking rate, particularly in men, and that's how Spain is managed to leap up the table and his life expectancy is still rising in most countries. Whether or not there high middle income countries well globally. They're expecting a four point four year increase in life expectancy over the next decade in a bit. However, it is a mixed picture, and you get a lot of rich countries making a huge amount of progress places like Japan, Singapore Spain and Switzerland or we're going to have life. Expectancies over eighty five years on average according to this forecast, but you get other countries Central African Republic's involve way samayoa sofa all under sixty five years. So what you're seeing is that while there has been progress being made that huge gap in between the poorest, and the richest countries is in closing. And this report also has a warning that what is attempted to do is work out the best case scenario and the worst case scenario is for life expectancy in the coming decades. And it says that in its worst case scenario if things go quite badly, wrong them half of countries around the world Karachi their life expectancy falling. So don't think that living into your middle eight hundred hundred Dundee accordia, thanks for that may to Spain. Now, James let me ask you a question. Do you say me grain or migraine? I say migraine I have no idea if I'm right on well, I checked with the BBC pronunciation unit and first of all the sites said me grain. But then it also says that migraine is also. An attested variant. So we find with either you'll be pleased to know. Now last week we look to the humble and sometimes not so humble headache. And heard that the everyday tension type headache can usually be treated with ibuprofen or paracetamol and for a real boost with a Cup of coffee at the same time because the caffeine helps but a headache can also be one of the main symptoms of migraine and collasped days, and that's what we're focusing on this week. Our reporter Katie Tackett sukey has been in search of new treatments. This is the Tim S device. It's a single pounds. Testimonial. Magnetic stimulation device. Andrei direct to have had eight research at the headache center. Guys instant Thomas's hospital in London shows me a new portable device for migraine sufferers on the patient house boarded like this. And the pulses when you get a migraine nerves attend on new rooms in nerves fire, and that's why you feel pain this small magnetic pulse to the outer part of the brain from the TMS device changes the activity of those neurones and which uses the pain over time. It found recused the frequency of their tax and reduce the severity of the attacks. Say this device patients, take it home. Yes. So this technique has been in in the Kleenex for over thirty years. However, it involves a big machine. So this is the first time we have a portable device patients can take at home, and they can treat themselves to actually prevent their attacks. I'ma says they're seeing good results with three months. Eve's patients reporter, welcome reduction in the number and severity of attacks. And as someone who suffers for migraine, she knows all too. Well, how disabling they can be woke up with a migraine probably because let's. From your coming here. And what do they feel like for you describe the experience the migraine attack begins before the actual headache? I experienced what we called Pomona, Tori, symtoms yawning need to have more watering intake food intake, and so on then the henna comes in which is a disabling part on the attack and payroll. Zero. You just want to lie down just give in the dark Brown, quiet and just try to sleep more the attack. After the headaches stops you still have this hungover left from the attack and how long does an attack typically last four year. If I don't read it successful. They can go up to three days. Typical actually directional for migraine attack, ripping things out and dispose full Coakley. He has no respite from his chronic migraine rabid serious condition. It's effects about ten percent of people. He's had it for seventeen years. It doesn't come doesn't go. It's always there. No treatment has ever been successful. So we started proves a welcome distraction. Worst. I would say I well. Oh, sort of cuddled up on the sofa clutching my head, basically. And just wishing it would go away. What kind of treatment? Have you had four? Medication of all sorts and descriptions, both talks is one of them. That was tried. I've had various things stuck in the neck and pumped with things other inclined stand, but nothing that any of the treatment of had made any impact on the continuous nature the treatments Paul tried and not specifically for migraine. We've never had for the communist newer logical cause of disability on the planet. We've never had of specific preventive till now, she's a really big deal. Pizza coats is professor of neurology at King's College, London