The Fall of the House of Kucoin - a tragedy in three parts

The Fall of the House of Kucoin - a tragedy in three parts


Cryptonauts we love ya!! But we gather today to mourn Kucoin.  Member how we once loved Kucoin?? 

YESSSS ya DO!!!  no KYC, fees were nothing, exciting chit happening alla time it was AWESOME EVERYBODY loved Kucoin!! don't be shy admit it!!!  79bf1a2a7c3fb5e55f3f37d4e815f26937fd728b5bde3eb6f44cdce76cbf5ee8.png: and hey man, Kucoin loved us back!!  Who helped us hedge out when PEPE bit the radish!!  Smooth intuitive interface baby!! (#$*&$*(#@! YEAH!!! 

 Kucoin gave us free transactions off Igor's stunning Publish0x when we cashed (coined?) out our love, blood, sweat & tears crypto earned from every red click of the Watch ARMY!!!   OK even Kucoin  wouldn't take SPOT ah HA HA HA HA HA. er,  but that's fair, no blood no foul, it was a love thang we all haid wit KuCoin. 

 

But not just little stuff - Kucoin ran one of the MOST POPULAR mining pools EVER!!   KUCOIN POOL WAS CRANKING!!!!   YESSSSS BABY YESSSSSS!!!!  0c3e31054990b4f45364d513b29cfbda42abbb708669b94dc16038310fdfd771.png

RIOT mining does what 10, 11 EH/s hash rate ?  KUCOIN WAS DOING 8-9!!!! 

Yeeeee haw right?? Good on em!!  

But then one day - everybody squealed when KYC came to town6f83295c586347cd0ddcb6fdbd56598b680817789b7ac5eb5cd712798ccd39a7.png

and then KuCoin shut down their MINING OH OH OH & mighty watch army riders KNOW we don't even CARE about  RIOT, but pools are different oh sob sob sob. 

& the hate started to ROLL!! WTF Kukoo coin?  oh but wait!! the REAL STORY - back in March -of course we shoulda known

7ed505a7b2abdff963a0f63b1020d777f4b21b9e9b702efd05174f4041977371.pngswe shoulda known 2dc540f22eb45a0bfa02b223a309c400f3bd31cec49d1fd4a63d202e1ed2ea40.pngTLDR: the real story:  it's pretty funny, like of everyone, Kucoin was selling eth as a security ?  NOT.   Did Kucoin deserve to have to kill it's mining pools?  No Letetia, no, Eth is not a security, at least not the way Kucoin sold it. 

Kucoin didn't comingle anybody's funds.  Kucoin never Wait wait tho - WE KNOW !! KUCOIN never broke all the campaign financing laws to give to Letitia!!!!! 

Never forget what they stole from you!! 

 

56a03b6fb5ff14b7041e7282d07cd8a9876d9ec402ad15e5f75acdc1de70b52e.png

while we are at it: 2d48772d40f590da635e095a68e23f8d43f1424e010948562ca3622b0046852b.png

ok we are cooked !! we admit it!!

Peace out snooze heavily mighty watch army tomorrow we laugh!! 

please keep them recruits coming your army will ride to glory!! soon now!! 

Peace out 

love

Dave

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


Accelerationist Shit Show - buy Bitcoin NOW
Accelerationist Shit Show - buy Bitcoin NOW

Face it. The geopolitical world is going down hard in a blaze of money printing. America freaking out makes the world freak out, burning cities, riots and total polarization while the MMT monkeys at the Fed make the printers go brrrrrrt as we whack the world economy with Covid. Join us as we go crawlin thru the wreckage. A lot of things that were going good just stalled hard. A lot of things going bad are getting there faster and faster. to quote Nina Hagen, FUTURE is NOOOOWWWW!!!!

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