Quote
According to the numbers provided by Singh, the buyer of the home was left with an extra $1.3 million after the purchase of the home.
“With that extra money, he went and bought a Lamborghini at Newport Beach, Orange County, which also accepts bitcoin with Bitpay,” added Singh. “He got a house for pretty much 25 percent cheaper, as well as a free Lamborghini essentially.”
“With that extra money, he went and bought a Lamborghini at Newport Beach, Orange County, which also accepts bitcoin with Bitpay,” added Singh. “He got a house for pretty much 25 percent cheaper, as well as a free Lamborghini essentially.”
That's interesting!
Timeline:
Anonymous dude flushed with bitcoins wants to purchase $4M home via bitcoins.
Anonymous dude ask anonymous broker if he, seller and/or respective banks can process a bitcoin payment.
Anonymous broker needed to get up to speed so he contacts Sonny Singh of Bitpay.
Anonymous broker is satisfied and allows the bitcoin dealing to go through some time later, of which during the interim bitcoin price was on a tear.
Anonymous purchasing dude doles out less bitcoins then originally thought he would, so he opts to purchase a Lamborghini because the garage was empty.
Shortly thereafter, Sonny Singh proclaims to the world about how one, now two of Bitpay's clients sold and purchased a $4M home via bitcoins. Further, Sonny let's the world know more about Bitpay's client by stating that the anonymous dude purchased a Lamborghini also with bitcoins using Bitpay as the third-person payment provider from the Lamborghini dealership that accepts bitcoins.
Now, if you went to your local bank and took out a loan for some abstract purchase, and later in the day while at some restaurant you overhear a conversation between two unknowns speaking about said abstract purchase by some anonymous dude unbeknownst to them, you would be highly pissed and be on the phone contacting your lawyer because the only people privy to the transaction were you and your banker, with the former owner of the abstract residing in some foreign country, thus eliminating him or her from the equation of leaking said purchase.
Yet, here we have the Bitpay CCO during exactly such that, thinking that speaking of the parties anonymously protects their identity. Well, I got some sad news to report to you, Sunshine. Thanks to the blockchain and the timeframes alluded to, I'm now the proud owner of the txID and am 99% certain as to who the purchaser is, again, all thanks to blabbermouth Sonny Singh. And, if I can uncover such with my rudimentary skills, imagine what some others could do with better forensic tools at their disposal. Imagine further if such a person were nefarious actor with some major ill-intent in mind. Get the picture?
To be clear, THERE IS NO WAY IN MOTHERFUCKIN HELL THAT SONNY SIGNH, BITPAY'S CCO, SHOULD'VE EXPRESSED ANY FUCKIN THING ABOUT A SINGLE CLIENT OF THEIRS OUTTA FEAR OF CAUSING THEM UNDUE HARM. If some subordinate employee of Bitpay were caught disclosing vitals of a client no matter how mundane, they would, or should be immediately terminated. If not, they Bitpay would have some major explaining to do. Oh, wait! They now have some MEGA explaining to do thanks, again, to blabbermouth Sonny Signh.
On a side note, I wonder what Block Pierce has been doing lately there in
