Sunday, November 13, 2022

Serhiy Zhadan's Peace Prize speech


Loneliness services were for the elderly. Now they help people in their 20s

   Serhiy Zhadan's Peace Prize speech 

       The Orphanage-author Serhiy Zhadan picked up this year's Peace Prize of the German Book Trade yesterday, and his speech is now available also in English translation, as: Let This Not Be About the War

In September of 2012 James Zhong used a hack to steal approximately 50,000 bitcoin from the dark web’s Silk Road. Yesterday the US Attorney announced that just last year they had arrested Zhong and  recovered almost all of the stolen bitcoin. Here’s the amazing bit:

On November 9, 2021, pursuant to a judicially authorized premises search warrant (the “Search”), IRS-CI agents recovered approximately 50,491.06251844 Bitcoin of the Crime Proceeds from ZHONG’s Gainesville, Georgia, house.  Specifically, law enforcement located 50,491.06251844 Bitcoin of the approximately 53,500 Bitcoin Crime Proceeds (a) in an underground floor safe; and (b) on a single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet.

At the time the Bitcoin was worth $3 billion dollars. Lots to think about here. Are they going to give the money back to Silk Road users? Will they burn it? If not isn’t this just seignorage going to the US government? How can you walk by $3 billion in your closet every day and not spend it? What willpower! Why didn’t Zhong move to say Morocco?