Topic: Speaking of sensationalized news ... (Read 2016 times)

http://Bitcoin's Privacy Gets 'Failing Grade' in 2016 Threat Report


It'll keep getting worst as long as the likes of Sonny Singh keeps babbermouthing about Bitpay's well-to-do clients making large purchases via bitcoins like multi-million-dollar homes and lamborghinis.

This is a great news and also a good testimonial to motivate others by using bitcoin! It is really positive that we can earn a lot from bitcoin community. You only need to commit your time in doing research and other things before investing on different sites and market your skills and talents to gain more bitcoin

Translated from Greek: https://www.digitallife.gr/kapios-agorase-ena-spiti-me-bitcoin-ke-egine-kata-13-ekatommiria-dolaria-plousioteros-85176


Even in Greece, one can't differentiate between a profit of $1.3M and saving $1.3M. It's almost like these publishers have a Leroy Fodor math book at their ready for easy reference when espousing rudimentary functions.

Q. If a farmer had one cow and bought another cow, how many ...
A. Chicken!
Test giver: Close enough. You won a Lamborghini.
Q. What's a Lamborghini?
A. It's like a chicken but with wheels and is more profitable.
Test taker: Can we go outside and play now? Sally wants me to park my chicken in her garage.

And you can't have a home purchased via bitcoins without some mortgage-based rag making mention of it, but first about the periodical in question: http://nationalmortgageprofessional.com/about-us


Now onto the BULLSHIT they're feeding their user base, NMP citing a venerable trade rag in the cryptocurrency space - CoinTelegraph:

http://nationalmortgageprofessional.com/news/61947/homebuyer-makes-profit-using-bitcoin


To recap:

Sonny Singh clearly states on a broadcast that a real estate developer initiated the conversation with Bitpay.

The story was first picked up by Bitcoin Magazine.

A couple other rags followed suit, basically rehashing the same story.

Some rags have the seller making the profit, not the buyer, in spite of there not being any profit.

CoinTelegraph then published the same account adding their facts to the article.

A real estate trade rag opted to quote CoinTelegraph because they are .

Meanwhile, this thread tries to present the truth of the matter, yet crickets from any rag.

And we wonder why crypto is having a hard time gaining cred in spite of some homeless dude finding a laptop loaded with 30,000 bitcoins whose name has never been indexed by Google et al. prior to the find - Carl Pattersfield. I guess that goes hand-in-hand with this space having a Bitcoin Jesus; a Christian dude vouching for BFL on April Fools Day; a lead dev vouching for Craig Steven Wright as being Satoshi Nakamoto; a Chinese relic collector who hacks an exchange but returns the bitcoins, later put on another exchange in Japan that goes belly-up thanks to a dude who left France to avoid prosecution but was vetted to run Mt Gox under the auspices of an entity named after his cat across the street from Bitcoin Jesus who once went on the air ...; a stolen valor dude who just so happened to work across the street from a Section 8 housing project where the office of his future boss was located, later it - BFL - fucking over thousands of its users while said employee was later able to purchase a half-million-dollar home via bitcoins on a $50K-a-year salary; need I continue?

Thanks to Bitpay's CCO, Sonny Singh, the following could now happen to a Hermosa Beach resident as news of the infamous two purchases make the rounds across the globe: https://uk.news.yahoo.com/bitcoin-robbery-as-new-york-man-forced-at-gunpoint-to-hand-over-cryptocurrency-155116002.html

Another foreign article on the same subject, this time with a twist: http://criptonoticias.com/sucesos/suertudo-gana-13-millones-dolares-vendiendo-casa-bitcoins/#axzz4XOewpfeX


Not only was the house moved from Hermosa Beach to Newport Beach, both in California (else more permits would've been needed if crossing a border - NV or OR or MX over the wall), but clearly is was the seller who profited, allowing him to purchase the Lamborghini. BTW, the real estate developer has been demoted to merely an agent.

I'd say this story has Carl Pattersfield's name written all over it. Google his name is you're not up to speed. The dude's amazing!

And the STORY gains traction around the globe (unless you're a flat-Earther): http://www.tamindir.com/bitcoin-ile-ev-aldi-13-milyon-dolar-kar-etti_h-19347/


Unless lost in translation, this version has the seller willing to accept bitcoins as payment, not the real estate developer-cum-broker.

I do see that since Bitcoin was a preferred investment vehicle in 2016, purchasing a Lamborghini at the start of 2017 was an appropriate way to celebrate.

Thank you, CoinTelegraph, for adding more twists to the drama: https://cointelegraph.com/news/real-estate-buyer-makes-13-million-buying-home-with-bitcoin




Revisiting the original boadcast - https://assets.bwbx.io/av/users/iqjWHBFdfxIU/vAYHE__RECQg/v2.mp3 (at the 7:00 mark) - Sonny Singh states that it was a reale state developer (hell, not even a real estate broker, but one who develops [new] properties oppose to merely acting as a [legal] third-party intermediary) and NOT the buyer who initiated contact with Bitpay's CCO.

Further, the CoinTelegraph rag advances the notion that the exchange started at the beginning of the month (January). Interesting, given ...



... given that Bitcoin's meteoric rise started in the latter part of 2016 when at one point the exchange rate was at $750 per, hitting $1,000+ per on the New Years Day, climbing higher prior to the correction(?) on the 5th of January, CT's twist on the original account is now blown outta the water BY ME.

Sonny Singh was clear in his account (see link to broadcast above) of how a developer made contact with him (Bitpay) last month (December) because a purchaser wanted to pay with bitcoins and wasn't sure what that was, how it could be processed, etc. Nowhere does Sonny mention that the buyer purchased bitcoins for the sole purpose of purchasing a Hermosa Beach, CA, home, for he was supposedly only in contact with the developer-com-broker, again, NOT the buyer, also again, not privy to how the buyer used the bitcoins he was able to retain thanks to the exchange rate being in his favor, yet Sonny was supposedly versed on how said buyer went and purchased a Lamborghini from a dealership who just so happens to not only accept bitcoins, but uses Bitpay as their third-party payment provider to facilitate the bitcoin transaction to fiat, deposited into their bank account within 48 hours.


I'm not even going to get into how a non real estate entity in Georgia was able to negotiate a real estate transaction in the state of California where fiat, bitcoins or seashells was the currency of choice being considered.

So, if Bitpay's CCO is so open in publicly disclosing its client's transactions, what are they saying openly sans broadcasts about their other clients' purchasing and selling habits?

Again, I state that this is either a made up story, or Bitpay's CCO, Sonny Singh, has put one of it well-to-do clients in harm's way. THAT'S THE STORY with no other options, and now thanks to myriad periodicals picking up Sonny's story, rest assured that at least one nefarious actor having ill-intend is considering the possibilities if the latter is the case, all thanks to Sonny Singh. Genius!

And more hits just keep on a comin': http://insidebitcoins.com/news/man-accidentally-makes-1-3-million-buying-house-bitcoin/36964

http://www.financemagnates.com/cryptocurrency/education-centre/sonny-singhs-ten-predictions-for-the-fintech-industry-in-2017/


http://narativ.com/


Speaking of storytelling, why invest in Narativ when one can now simply declare that they invested in Narativ thanks to Narativ's vision?

And the hits just keep on a comin': https://www.cryptocoinsnews.com/lucky-timing-california-home-buyer-gains-an-extra-1-million-by-paying-with-bitcoin/

Quote

Dorky • an hour ago

"when the contract was signed and when the transaction took place."

FAKE NEWS!!

If the price adjusted upward AFTER the contract was signed, the buyer would overpay.
If the price adjusted upward BEFORE the contract was signed, it would need to be re-negotiated.

There was ZERO mention of the contract being re-negotiated to reflect the new Bitcoin price.
I believe this news is FAKE.

Few significant details omitted, leading to a questionable article.

Well, at least Dorky got the "fake news" aspect correct as he failed in re the contract negotiation facet. The contract negotiation he speaketh of consists of a back-and-forth exchange between the buyer and seller - with the broker acting as the intermediary - negotiating the asking price, e.g. $4.3M --> $3.8M --> $4.175M --> $3.95M --> $4M --> SOLD! Further, there's the home inspection, among other niceties, mostly mundane, being negotiated unrelated to the means of payment with the exception that the buyer has the means, in this case via bitcoins which the broker, not the seller, supposedly needed to get up to speed, hence supposedly approaching Sonny Singh, CCO of Bitpay, who then couldn't wait to blabbermouth the dealing once the sale finalizes, becoming dealings, viz el Lambo, thanks to the exchange rate being in the buyer's favor, else he would've been stuck with his likes of a years-old BMW to cruise the beaches in sans lookers from lookers.

The Lamborghini purchase shouldn't have even come into play if the buyer isn't a Bitpay client, the broken just becoming a client of Bitpay so that he can facilitate the moneys from crypto to fiat via the broker's bank account, then cutting a check to the seller minus his commission. The broken shouldn't even have known about the Lambo purchase since it occurs after the home sale unless he and the buyer bounded while enjoying some hot tub after dark with Romulan Ale at the ready poolside, and if such was the case, the broker shouldn't have relayed the info to Bitpay's CCO, same true if the assumed male buyer bragged to the broker that with the windfall he's now able to afford the complete sex change operation he's always wanted. Remember, Sonny supposed got the info from the broker, NOT THE [ANONYMOUS] BUYER.

Yep, there's a lot of holes in this story, a major one being that there was no $4M home sold in Hermosa Beach, CA, as Sonny claims on the initial radio broadcast, especially not one sold during the brief runup timeframe, albeit others homes sold are within the expressed price range and timeframe, with one or two coming fairly close, but if one of them, further holes in the story are revealed.

For you newbies in this space, here's the first home sale in the US purchased via bitcoins from the buyer to the broker, both interviewed, with Bitpay acting as the third-person payment provider, all documented: https://www.youtube.com/watch?v=IM861KXyNSg



The above brought to you at the risk of having the restraining order against my scammy Dumb-ass ass being extended for a third year because the victim, a known stolen valor dude residing in said home, fears for his life.  

My bad! You're right! We need more FLUFF articles that have no semblance to the truth in advancing the Bitcoin cause to those who don't know their asses from holes in the ground, whereupon they can tell their friends about the real deal they've just learnt about. What the fuck was I thinkin'? I guess that's why I've yet to participated in sig campaigns like you do - managers figured out long ago that I'm not smart enough.


Since those who participate in sig campaigns like yourself don't read past the OP of a thread when replying, allow me to once again provide a link where you'll learn firsthand that no home in Hermosa Beach, CA, was recently sold for $4M: http://www.realtor.com/soldhomeprices/Hermosa-Beach_CA/sby-10. Ergo, no home in said city was sold via bitcoins OR the sale price was less (doubt more) than $4M.

Remember, it was Bitpay, BFL and Hashtrade that publicly stated that Bitpay acted as a third-party payment provider in processing the first ever million-dollar bitcoin transaction between BFL and Hashtrade, a stated fact that later, like within days, I blew outta the water as being a falsehood complete with proof outta my ass [and via the blockchain (maybe you've heard of it - blockchain)].

We're not talkin' rocket science here, else I'd be outta my league, albeit at one time I could and have easily explained in layman's terms how much thrust it would take to put a salt and pepper shaker in orbit with half my brain tied behind my back. Today, I would need the help of Google because I failed in life to find a company seeking a brainiac able to conduct said math/science in sending a set of salt and pepper shakers into orbit, let alone send them to the nearest star, whatever that white dwarf system is called, thus forgetting how to perform the calculations.

Since when do we complain about positive fluff pieces in the media, when the same media use Fud to write shill articles to give a negative perception about Bitcoin? Let them write what they want, we cannot do anything about that. What proof would be needed to substantiate the claims that were pushed in that article, without doxing the owner of those bitcoins?

We need more Fluff articles like this to cancel out all the negative shilling being done by bigger media outlets. ^smile^

RawDog needs to get his ass in gear to reprimand them Reddit users for starting duplicate threads: https://www.reddit.com/r/Bitcoin/duplicates/5qmebl/man_buys_house_in_bitcoins_lucks_into_13_million/



A many of the replies center around idiot posters seriously concerned about the seller incurring a lost because ... wait for it ... the buyer incurred a profit.   And these are people within our ranks. Imagine what those not versed in cryptocurrencies believe.

And, if that were enough to date, we have another site rehashing the same bullshit: http://www.newsbtc.com/2017/01/28/buying-real-estate-bitcoin-netted-us1-3m-profit/

No need to post its content, for its virtually the same, so let's bring light to its author, mmmkay?


Much cred! Such wow!

And of course we have our very own thread in the Press section: https://bitcointalksearch.org/topic/2017-01-27-man-buys-house-with-bitcoin-lucks-into-a-13m-profit-1767305

Aside: That's how one who participates in sig campaigns should be penning posts, and I'm not just saying that because in this case the poster's echoing my sentiment (seriously, for I'm on record in sticking it up myriad posters' asses echoing my sentiments who also participate in sig campaigns because the intend of such were obvious). Bravo, dude.

I wish there were less retarded articles like this, a lot of this stuff is absolutely insane when you consider the amount of clicks they get from something like this and how it is, in its essence, clickbait. Literally nothing beneficial beyond sensationalized information.

It's a shame that internet journalism has devolved this far.

Thank you, Lulu Chang, for not doing due diligence prior to you, too, publishing a rehashed account in re Bitpay having no issues with its CCO, Sonny Singh, blabbermouthing about it rich clients' affairs, inadvertedly putting them in harms way of nefarious actors known to going through great lengths to secure what is not rightfully theirs: http://www.digitaltrends.com/business/bitcoin-home-buying-profit/

A fuckin retard, myself included, can now deduce exactly which home was purchased during the cited timeframe via http://www.realtor.com/soldhomeprices/Hermosa-Beach_CA/sby-10. From there, it's only a matter of viewing the public records to learn who purchased the home, again, all thanks to Bitpay's CCO, Sonny Singh, releasing the information of one of Bitpay's rich clients under the guise of a FAILED anonymous account, most likely designed to bring awareness to their brand akin to when Bitpay released the following lie which I had no problem exposing as a falsehood, then worst, as an illegal transaction by another dude named Sonny of BFL fame:


To be clear, you or I can't use Bitpay as an exchange, viz. sending them X bitcoins whereupon they deposit X dollars in your bank account. But that's exactly what happened with that supposed million dollar payment from HashTrade back in the day. The million had been sitting in BFL's bitcoin coffer for a period of time prior to Sonny sending it to Bitpay for fiat directed to some bank account - ALL FUCKIN DOCUMENTED! Further, Sonny Vleisides of BFL continued to funnel bitcoins toward Bitpay to the tune of ... wait for it ... millions of dollars stemmed from dated miner purchases processed by Bitpay and, as we all now know, mined bitcoins stemmed from the days-long burn-in process of BFL's clients' bitcoin miners.

Ironically, the above PROVEN account has never been picked up by any crypto-themed rag, but they have no problem publishing the likes of what this thread's about or, you're gonna love this, about Carl Pattersfield - https://bitcointalksearch.org/topic/homeless-man-veteran-finds-30k-btc-on-hard-drive-1665977 - where instead of speaking of some anonymous dude, merely create a persona that's never been indexed by Google et al. because, perhaps, the dude's been homeless since his birth weaving in and out of society prior to finding a laptop flushed with bitcoins brought to light to Carl by a person versed in Bitcoin who just so happened to be dining at a cafe walking distance of the dumpster from where Carl just came, still pushing his shopping cart with a growling stomach, musing about his next meal ... and bath (unlike Marshall Long).

I'm just gonna leave this here: https://www.youtube.com/watch?v=UGr5HrNl4UM (sometimes I do such for no reason at all  )

https://www.youtube.com/watch?v=F6IqAFDuxjU


"Seriously, mom, I bought a brand new Lamborghini with the bitcoins I saved when I purchased my $4M home. Please sent me an eGift card for Walmart so that I can eat next month. Love you, mom."

Bitcoin Magazine or whoever wrote the article doesn't seem to think that way.


Free Lambo! Sign me up for that


My thoughts exactly. Especially because the dealer in question doesn't even like publicity... in several websites or communities... nor do they have a nice social media presence...
And apparently neither BitPay are fans of "Lambo's", maybe someone's just a big fan of BitPay.

Man buys house with Bitcoin, lucks into a $1.3M profit: https://thenextweb.com/money/2017/01/27/bitcoin-buyer-house-profit/

How do we know that the [once] anonymous purchaser acquired $4M worth of bitcoins at a $750 (per) price point, assumed by Sonny Singh, Bitpay's CCO, then rehashed virtually verbatim by trusted news outlets, thus definitively espousing an exact (more or less) profit of $1.3M? The [once] anonymous purchaser may have procured the bitcoins at a much lower exchange rate or at its all time high back in the fall of 2013 during the time I was digging an imu pit so to cook some turkeys for the homeless at Satoshi Forest prior to heading to a Bitcoin conference in Las Vegas where I donned a pink tutu (sans knee pads) to bring awareness to the Tutu Project, but I digress.

Unless Sonny had inside knowledge as to what price point the [once] anonymous purchaser procured $4M worth of bitcoins, opting not to disclose such in spite of blabbermouthing about the dude's high-end purchases, there's no way for sure to calculate the profit true amount of bitcoins saved thanks to an [unexpected] rise in the exchange rate when the deed papers were finalized, then affording the buyer to purchase a Lamborghini with the windfall because that's what one does when they have extra money in their pocket after purchasing a new den [complete with a guest house, all surrounded by a privacy wall a stone's throw from the Pacific].

Ergo, a sensationalize story published so to garner eyeballs to periodicals that rely on ad revenue to survive if not making bank off other ventures directly linked from the news sites also under the same auspices.

Hey, if I'm off-base here with my assessment, then why the hell didn't the Lamborghini dealership release a story of how a [once] anonymous dude was able to make a purchase via bitcoins after purchasing a $4M home using less bitcoins for said purchase than originally expected, hence affording him to now drive around in style up and down the California beaches as the radio blares Let's Hear It for the Boy? I'd say that'll be an excellent free advertisement for the dealership under the guise of news. Then again, a dealership, or a broker, or a third-party payment provider could easily make up similar stories involving anonymous dudes so to freely advance their respective endeavors via rumors under the pretense of breaking news.

Think about it!