HMAC doesn't just hash data. It takes a "key" as well. The key is input into the function before hashing the data.

The key for Bitcoin = "Bitcoin seed" <—- literally, those words alone.

HMAC has a weird function where if you

Took a while for me to find their specific code but here it is = https://github.com/tevador/monero-seed/blob/master/src/pbkdf2.c

They specifically forego Argon2, to implement this PBKDF2.

Backdoor found. If you use Monero past a certain point then you failed 1st three times.

Bring it to Spagni and he'll deny it and dance around all of this information that's being presented in here.

Downgrading Argon2 For PBKDF2

I'll give anyone following this channel $10,000+ to find one source on the internet that says that this is a good idea .

Edit: Game over and this doesn't really need to be addressed anymore. This is it for the Monero project in the eyes of this channel because they wish to backdoor all of their users. Anyone using Monero is not safe with idiots like Spagni anywhere near the project (he publicly says that he isn't, but he definitely still is). One has to question whether they're working with the gov't at a certain point because that could be another great use for giving you all weaker keys.

Monero = NSA Coin

Michael Saylor is an Idiot (Confirmed)

A few weeks ago, we looked at just how stupid MIchael Saylor really is and there were some people that got really offended about that.

They let me and everyone else know that Saylor was a savant and a genius that made an exquisite investment in Bitcoin and that even going as far as to debt finance $500M-$1B just to buy more Bitcoin a roaring ATH was the best decision that anyone in mankind could have made.

Let's see whether those people were correct or not (drumroll)

MicroStrategy down >50% since February 9th.

Lost >$6B in market capitalization over that span.

It would be false to say that Bitcoin has been down by that much. It seems like investors are not super enthused about MicroStrategy making a desperate visionary pivot to Bitcoin.

MicroStrategy's stock has only appreciated by +800% since 1998.

To put that in perspective for everyone, that's only slightly better than investing in the Nasdaq index itself over that time period (+681%).

Amazon has gained 80,000% over that same time frame.

Please explain to me again why Saylor is a genius. I'll wait.

Riot Blockchain is a much smaller company than MicroStrategy. They also pivoted to blockchain and invested their company's resources.

But they were smart enough to mine.

They almost beat MicroStrategy's gains for all of 2020 in just the first month of 2021.

Saylor is a genius at figuring out how to consistently lose with a royal flush

Digital Currency Group Portfolio

The companies on Digital Currency Group's portfolio investments never ceases to surprise ; take a look here: https://dcg.co/portfolio/

Someone get in contact with Deltec Leaks and tell them Librehash is more than happy to pick apart each and every single piece of their document leak & publish thorough, comprehensive articles that leave no stone unturned. This is our specialty.

Corrected My Understanding of Grayscale Significantly

https://librehash.org/grayscale-bitcoins-black-box-part-one/

This article once more covers the fundamental concepts behind Grayscale's operation so that we all can be on the same page here as we move forward, because there are quite a few 'truths' in this space that provide elevate the 'bear argument', considerably.

This Channel Was Wrong About One Critical Characteristic of Grayscale

Grayscale's BItcoin Trust didn't get popular in spite of its premium, but rather because of it.

That's because they were primarily receiving Bitcoin in exchange for shares in the Trust.

"Why Would Someone Give Grayscale Bitcoin in Exchange For Shares in a Trust With Value Backed by Bitcoin?"

At the outset, this proposition sounds really fucking dumb.

The concept of GBTC has been marketed to us as a vehicle for investors to gain exposure to Bitcoin without having to go through a "sketchy" exchange and/or having the technical know-how to send/receive it.

But when GBTC was trading at a premium, giving them bitcoins actually made more sense.

Some Key Facts

- Grayscale's Trust is setup so that X amount = 1 share, so 2x = 2 shares, 3x = 3 shares etc. ; in this scenario, let's just pretend that 'X' = 1 bitcoin

- Since 1 bitcoin = 1 bitcoin, it doesn't matter what the premium/discount on these shares are relative to the NAV (average exchange price) is going for when you exchange your bitcoins for shares.

- So let's say 1 share = 1 bitcoin, then if you invest 5 bitcoins, you'll get 5 shares. It doesn't matter what the premium is at. You'll still always be able to get 5 shares for 5 bitcoins.

The only 'catch' here is that these shares that are being distributed to you (you're the imaginary investor with 5 bitcoins here) cannot be traded on an open market for 6 months (Rule 144A).

BUT ... let's say you wait it out. Since GBTC's share price is anchored to a NAV, the price of the shares benefit directly from bullish price action.

Premium is Free Money Almost

Let's say there's a 30% premium on GBTC shares.

You're the same investor from before. You take your 5 bitcoins and get 5 shares back.

Those 5 shares you own are now valued at 30%+ more than the underlying average exchange price of Bitcoin. If Grayscale's premium is still there in 6 months, then you can sell those 5 shares on a market like OTCQX and realize profit (potentially) from price appreciation + an additional +20-30% based on the premium rate at that point.

Jennifer Cotten Was Represented by Crypto Capital Co.

As her attorneys, in specific. That entity that she went with originally.

Edit: ^^ Woops! (hit the enter key a bit early)
—-

This is in relation to this specific request that was made by Miller Thompson to the RCMP to "exhume" the body of Gerry Cotten.

They would only be asking that because they believe that foulplay occurred.

Based on all of the research I performed + information aggregated, I definitely agree with them.

Allow this channel a second to touch on that Jennifer Robertson claim that was made above*.

It seems random, but nobody else has really shelled out this connection, so figures that it should be excised here, then published on the blog (and elsewhere), so that its at least online for anyone else that finds themselves digging down the same rabbit hole...

You know what? Let's go ahead and dig into her right now. Buckle your seatbelts kids.

Remember When the ProofofResearch Twitter Got Hacked?

So much of this space (like PeterMcCormack) went around claiming that the operator of this channel threatened another user through DMs and that, that was the reason that Twitter had suspended the account.

This is Partially Correct

What they forgot to mention was that the "threat" was one that was made to inform this individual of the consequences they would face if they ever attempted to make a personal visit to bully, harass, etc.

This individual in question was a member of Crypto Capital Co. and their name is Kyle Horak.

Here is a direct screenshot of the threat that this individual issued toward the operator of this channel first.

This was actually posted in this channel when it happened (before the Twitter was suspended, which proves what you're reading is unequivocally true)

Here is the link to the original post here in the Telegram channel: https://t.me/librehash/21785

Ibinex (yes, this all ties back to Jennifer Robertson; promise)

Notice that last message? It says, "I'm glad I got out of Ibinex when I did."

That's in reference to the exchange that he worked at.

If you're wondering how the hell the operator of this channel managed to stumble across an exchange operator working for Crypto Capital Co.... it was actually an accident.

There was a suspicious Telegram channel someone provided a link to via private message.

Later on, due to some suspicions that began forming due to their shifty nature, I went back through our chat history & saw that invite link there.

Since they stated that the channel was for "influencers and power networking", I figured jumping in & exporting the channel's entire history would be the best course of action.

Here is a screenshot from that chat. Even finding this was pure chance.

I went back to see the beginning of the channel log because I was curious who created it and that's when I saw one of the first invites / joins into the channel was an account named "CRYPTO CAPITAL" (in all caps).

I thought, "No way...", and then keyword searched it just to see if it would come up again.

That's when I stumbled across this.

Edit: There's no timestamp in this photo but the messages Horak was sending were from either late 2017 / early-ish 2018 ; well before there was any suspicion about Crypto Capital Co. at all

Going to dump a few more screenshots from Kyle Horak (that's far from the only one of him; he spoke extensively about Crypto Capital)

Here's Kyle Horak promoting an article he wrote and published on LinkedIn detailing "tips for anyone looking to start their own crypto exchange"

Since this was published on LinkedIn under his account (this person was not hidden in the least), getting his actual LinkedIn was easy from there