Minds, Steemit...

in crypto •  6 days ago

So as many know, I have been playing over on Minds, and I really like the functionality...but then I get this message...

"We have some EPIC news!

Minds has just raised $6M from Patrick Byrne and Medici Ventures, a team dedicated to Internet freedom, advancing blockchain technology and decentralizing the web."

First off, ALL Ventures have one goal in mind, making as much money off their investment as they can.

It usually goes like this...investing, pumping up the volume (of users, sales, etc...), falsely inflating the numbers, bringing it public...pocketing as much as they can...then flat-line it once they made their money.

These steps are often accomplished with alot of complaining by the users or customers about how bad the changes are...to no avail, because we are of no concern aside from getting us to spend, or stripping the value off whatever we have invested...

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From Wiki
"Patrick M. Byrne is an American entrepreneur, e-commerce pioneer and CEO of Overstock.com. In 1999, Byrne launched Overstock, after leading two smaller companies, including one owned by Warren Buffett's Berkshire Hathaway. In 2002, Byrne took Overstock.com public."

https://www.cnbc.com/2017/11/10/overstock-may-soar-if-sells-e-commerce-focuses-on-bitcoin-blockchain.html
UPDATED FRI, NOV 10 2017
Overstock shares may soar 60 percent if company sells retail biz to focus on bitcoin, analyst says

https://www.cnbc.com/2018/09/11/overstock-ceo-sells-10percent-of-shares-but-warns-investors-in-a-bizarre-letter-not-to-be-alarmed.html
"Overstock CEO sells $20 million worth of stock but warns investors in letter ‘not to be alarmed’
PUBLISHED TUE, SEP 11 2018 • 10:32 AM EDT"

Overstock stock is down 60% over the last year...just sayin'

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Second...I noticed everyone was freaking out with misled joy that Patrick was getting involved with Hardfork...

HardFork Welcomes Overstock.com’s CEO Patrick Byrne to its Advisory Board!
https://steemit.com/story/@hardfork-series/hardfork-welcomes-overstock-com-s-ceo-patrick-byrne-to-its-advisory-board

Overstock.com founder & CEO Patrick Byrne talks Bitcoin with Fox
https://steemit.com/bitcoin/@ka82/overstock-com-founder-and-ceo-patrick-byrne-talks-bitcoin-with-fox

Patrick Byrne Reveals tZERO ICO Details
https://steemit.com/cryptocurrency/@cryptopress/cryptocurrency9834

CEO Patrick Byrne is launching a $250 million initial coin offering (ICO) on Monday
https://steemit.com/bitcoin/@adyjee/ceo-patrick-byrne-is-launching-a-usd250-million-initial-coin-offering-ico-on-monday?sort=votes

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Third...

Medici Ventures is a wholly-owned subsidiary of Overstock.com launched in 2014. Our goal is to change the world by advancing blockchain technology.
https://www.mediciventures.com/

George Soros Joins The Cryptoworld With $100 Million Investment In Overstock.Com – Inc (OSTK) – Update
February 19, 2018 at 8:55 pm by Crypto Guru
https://www.valuewalk.com/2018/02/george-soros-overstock-com-inc-ostk/

"Overstock.com gets $100 million investment from George Soros. George Soros is renowned as a Hedge fund manager and is reckoned as a heavy weight in the world of investments. Just before the year 2017 wound down, Quantum Fund, which is managed by George Soros, invested $100 million in Overstock.com by exchanging one warrant issued by Overstock.com Inc (NASDAQ: OSTK) and receiving 2,471,188 shares of Overstock’s common stock.

Patrick Byrne, CEO of Overstock also confirmed that significant part of the investment from George Soros would be used to fund blockchain work undertaken by the company. He also added that some $20 million would be deployed in funding DeSoto inc. Which is a joint venture in blockchain property venture and that these two businesses of Overstock.com would work more closely in the days to come. He added further that it could be the time that Overstock is seen as two different businesses. He went on to say that some 40 million unique visitors came to Overstock’s retail platform during the last month. And that as the company develops the blockchain companies and blockchain applications, its retail business would be significantly valuable in bringing traffic and awareness to its blockchain properties that the company expects to grow.

How George Soros investment in Overstock.com impacts the cryptocurrency landscape

Overstock is already upbeat about the crypto markets and the blockchain technology. The Overstock CEO is on record that he would possibly be looking at hiving off all the retail business it is involved with now, and focus on about ten blockchain companies owned by Overstock, through Medici Ventures which is a subsidiary of Overstock.com. Although this move comes at a time when the SEC (Securities Exchange Commission) is getting more and more concerned about fast-growing listed companies with multibillion-dollar taking the ICO route to raise fund, for Byrne, the CEO of Overstock.com, that is not a significant bottleneck. In fact, he states that 2017 has seen a considerable amount of ICO craze and many people have ended up with substantial losses, perhaps playing the wrong cards at the wrong time. The ICO markets rose from a mere $14 million in 2014 to a whopping $4 billion in 2017.

Byrne is also pretty much convinced that the Blockchain technology would change our world more than what the internet has done and goes on to say that sooner, than later, people would give up the federal currency and adopt the digital currency. He also finds the ICO route a more a convenient option to raise money for investment in business as compared to the more formal SEC or Wall Street."

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Speech by George Soros at the conference "Tackling hate speech: Living together online" ...source, youtube

...

Shocking memo reveals George Soros behind Google, Facebook censorship
Freedom Of Speech, George Soros, Google-Facebook-Youtube-Twitter-Amazon-Apple Cabal, Internet Censorship, Media Bias

August 27, 2018 (WorldNetDaily.com) - You can't make this stuff up.

Never, even in my fertile imagination, would I have guessed that we would find a smoking-gun 49-page memo revealing how George Soros operatives, including David Brock, were there at the genesis, the planning stages, with their hands on the ignition key, of the most concerted, well-funded, diabolical attack on free speech in the history of America.

source; https://www.lifesitenews.com/opinion/the-shocking-soros-speech-code-cartel-memo

Please continue digging...but it's pretty clear what is happening.

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Hi there @elew, good to see you here again.

Some first class digging and investigation there. I did set up a Minds account a while back but have never got round to trying it.

Think I will stay away now.



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Hey @Pennsif, good to see you too!

I think the problem might be, Patrick is on the hardfork board...and getting enmeshed in all crypto happenings...but soros pulls his strings. As soon as this investment happened we started seeing alot of censorship, but give it a minute if it is not already here. They started the whole 'too many downvotes gets you a time out' thing as well, sound familiar?