HN user
https://en.wikipedia.org/wiki/Texas_Interconnection
The Texas Interconnection is tied to the Eastern Interconnection with a 220 MW DC tie near Oklaunion, and a 600 MW DC tie near Monticello, and is tied to NERC (North American Electric Reliability Corporation) systems in Mexico with a 300 MW DC tie near McAllen, and a 100 MW VFT tie near Laredo.[29] There is one AC tie switch in Dayton, Texas
You bought it once at X price, it's realized when you sell it, it's unrealized while "open"
If they held it for 100 years and finally sold it, then profit/loss is realized now
i've been using chat gpt for 'chatting/questions' kind of things + snippets of code
it's plenty good on free tier
as soon as they start adding restrictions / raising prices / etc won't take long to look for alternatives
450 million and counting people would still prefer to live and work in the EU than anywhere else
majority of population of any given country doesn't emigrate ever, even inside EU where it would be extremely easy
no :)
Comparison/benchmark to other alternatives?
Cambodia is also big player in money laundering
(not only for these cambodia originated crimes)
Also keep in mind all the bribes, all the money laundering mentioned in the article by the 100s of affiliated subsidiares of the criminal group all in Cambodia
the big casinos which directly and indirectly support additional laundering
https://www.fincen.gov/system/files/2025-10/Huione-Group-Fin...
https://www.kharon.com/brief/huione-group-cambodia-treasury-...
Every business has revenue / costs
The indictment mentions they were doing 30M/day ~ 10B / year, could be an old message when they were smaller
Guessing that's revenue
They're just one of many organizations in the "industry"
It's a small / under developed country
the economy is not that big to start with :)
GDP $49.8 Billion (nominal; 2025)
Some examples
https://www.business-humanrights.org/en/latest-news/cambodia...
Direct link to the indictment https://www.justice.gov/usao-edny/pr/chairman-prince-group-i...
Cambodia's specifically 30-50% of the economy can be directly attributed to scamming plus casinos
This one of the other organizations / major bank used for money laundering directly linked to Hun Sen
https://en.wikipedia.org/wiki/Huione_Group
The company is linked to Cambodia's ruling Hun family, which includes the current prime minister, Hun Manet.[4] His cousin Hun To is a major shareholder and director of Huione Pay
dissuade the public from digital currency.
Did you read the article?
The reason to move to ECB would be for ECB garanteed deposits, which many could find safer than their local bank
Flight to safety would see 13 banks out of cash
By July, 3 million accounts have been closed
this wasn't a swift action overnight
they could be blocking this many accounts on a yearly basis just from scam reports at the police station
or more which seems to be the case recently, but not overnight
this is bad article
that doesn't account for personal income tax
Though the next steps are planned, uncertainties in the team's scientific funding have put them on hold
take my money!
personally Hetzner SX295 that has 14x 22 TB on a ZFS setup
It ingests 70k lines per second without a sweat
reads are just as fast
this ASN is also popular among most VPN providers so you block this ASN and you could possibly remove a lot of abuse
I've done it at work, this is on a blacklist of ASNs that require "extra" authentication
This would help mega projects in middle east
all the labor is imported from abroad and live in miserable conditions, no unions or paperwork, just lots of earthworks to be done
When they say global warming is killing fishing population, and avoid talking about the real problem - a huge ghost fleet using environmental devastating methods of fishing all over the planet
good use case for bitcoin mining?
- lots of cheap power - deploy 100s of ASICs, let each of them fail as they go
You can find situation like this in twitter a lot
It's a shame that it's too good to be true, until you get blocked and then it takes weeks/months to get the account back
Certainty can't trust one single institution to hold all your funds
They already increased price from $5 to $6 sometime ago
Financial statements indicate they selling services at 50% margin, but all the extra sales/admin/R&D add up to a loss
They could cut all of that I guess, it's not like object storage need a lot of innovation and they've already stopped making their own storage servers and
Backblaze business is 50% object storage (from financial statements)
That's where Wasabi is taking customers
tl;dr
this is activist short seller report/investigation, some of the points made:
- never been profitable
- execs selling aggressively
- loosing customers to Wasabi
- accused of cooking the books
- being sued by former execs for anti whistleblower/wrongful termination
- execs leaving
money is only routed via Ireland, not kept there :)
https://www.coindesk.com/policy/2024/04/18/mango-markets-exp...
Avi Einsenberg did the same with Mango Markets,
got away with 110M and is now looking at 20 year sentence
And Mango was being sued by the SEC too https://www.sec.gov/newsroom/press-releases/2024-154
SEC Charges Entities Operating Crypto Asset Trading Platform Mango Markets for Unregistered Offers and Sales of the Platform’s “MNGO” Governance Tokens
Pair of affiliated entities separately charged for acting as unregistered brokers
0.61% with just a few contracts
the context missing in the title: he said this at "Border Security Expo" full of private companies who could in the future have a role
so of course he uses business analogies
I mean negotiating power to acquire/lease new space as they'll likely relocating/downsizing :)
keeping a lot of buildings cost a lot of money so even if they're sold at lower than expected prices saves money long term
commercial real estate still recovering from post covid / work from home situation
so federal government has plenty of negotiating power
also with layoffs the space requirements may have changed and such large buildings may be excessive
before coming to say that Musk is getting government contracts due to corruption/special access please read the full article
get a firsthand look at the current system, learn what air traffic controllers like and dislike about their current tools, and envision how we can make a new, better, modern and safer system
[media] will claim Elon’s team is getting special access, let me make clear that the @FAANews regularly gives tours of the command center to both media and companies