The Don-ge
Still there?
This is the story of a young visual artist graduate from a know New York School. The son of poor Russian Immigrants doesn't have a quarter to his name and, at age 27, he cannot even buy a computer strong enough to handle his visualizations in 3-d Max, Boris FX, etc. even though he lends his talents to non- or very little paid semi-professional projects and even directs or co-directs an amateur short film. He's determined to get his computer and starts a crowdfunding campaign to get the $3,500 he needs to buy it. He offers, in exchange for donations, to laser-engrave aluminum logos in Mac laptops, but he is not as successful as he would have liked and the elusive computer cannot be bought with the $1,000 that his campaign collects.
Smart young man, he hooks up with people that have computers. And technical expertise. There are websites to build, logos to design... maybe they can do something there... then, they discover cryptoland. And the DOGE. They are able to create a little game called "The Doge of Wall Street". The other young man, will eventually be known as StGNU. They both describe themselves as "...just a couple of Joe Sixpacks with some spare Dogecoin and some time on weekends. We enjoy our privacy so we wont say anymore on that subject. If you're feeling generous and would like to buy us a coffee or beer, send your Dogecoins to the applicable address below."
Ah but our two Joe Sixpacks are about to hit it big. They have become miners in cryptoland and they happen on a new coin, Blackcoin in the end, that is just a fork of Peercoin with a couple more lines of code by another techie, Russian "rat4". And they still have a few coins to spare, pretty powerful mining equipment, and absolutely nothing to lose and millions to gain launching the new coin. The key to the riches, of course, lays in filling up their coffers before the sheep get access to their coin so, on any hint of success, no matter how modest, they will get out with quite a bit of real dough.
To avoid being too obvious, they decide to invent something that technically is "no instamine" and "no premine" but that in reality is a mixture of both for while they make the mining available to anyone, no one has even remotely the power that they have prepared to get the most out of the 7 days of mining in which the entire 75 million coins are going to be distributed. They don't need much: By the end of the 3rd day, way more than half of the coins have already been mined and StGNU and his associate -who we now know as Eugene (Yevgeniy) Rokhlin- have gotten the bulk of the lot. Tens of millions. Not a bad nest if the coin is to go anywhere... and go it does indeed. GNU has the knowledge and the business savvy to come up with the idea of creating a multipool that will mine the most profitable coins and will allow a steady output of BTC in the market that will contribute to propel the price higher, maybe. Cannot hurt. And, if successful, not only will they be able to unload the tens of millions of coins at succulent (millions of dollars) gains, but also establish a business on the side with the 2% of all mining collected by the pool. The fanboys of the coin will eat that and make a business, if the coin was successful, with the easiest of benefits.
But there's more: Money comes rolling in now and there's an organized group of "investors" that want a piece of the action if the three Russians "play ball". Boy do they want to play that kind of ball. The game is lifted to quite another level. They just have to keep selling the old bicycle to unsuspecting investors and fan-boys. The plan is so successful that the coin is taken, within days and through pumps and dumps, to 95,000 sat per unit. It's time to finally cash in. And they do. Massively. It's the opportunity of a lifetime so what the heck. They take millions of dollars out of the dump. More than 4 million in fact. And then...
Well, there are still millions to dump, but the Don-ge and his countrymen are already wealthy beyond whatever they could have ever expected to be so it is time to reconsider options. The pool can definitely be the nice business they thought it could be months ago. The sheep is relentless and eat up bullshit like no other, completely oblivious to what's happening. No rush to dump more, just steady and... maybe... what about ... but that's another chapter, though.
For this one, Rokhlin and GNU are working on yet another dreamed off business on the side:Building websites (remember?) So they create The Legend Group. Mind you, there are no such a business, this is just websites. No accountancy, no chamber of commerce permits, no books, no.... TAXES???...
Huuumm... Hello Mr Rokhlin? This is the IRS calling? This is America, the old USA, remember? Nothing could stick on Capone, but income tax evasion did him in, so you better cover your back because they WILL be calling. And it may not be very nice when they read these snippets. And the charges of fraudulent manipulation and unethical business activities... Just a thought...
Oh the other chapter? well, it would be a bit of science and a bit of fiction, of course, for it has to do with the future, but has everyone thought, read about and learn what a 51% attack is? You all know the holdings in those top 20 wallets. You all know there's an organized "group of investors" (The Black Hand), contracts drawn and papers signed, operating in the background of the trading dealings of this coin under the direct supervision of the don-ge. Well, think a little bit ok? Look beyond your blinding greed and take a close peek at what the future may bring you.... way sooner than you think.
Of course all of this is probably mostly conjecture...
