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Joined 1 year ago
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Cake day: July 11th, 2023

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  • I think I understand why this is a double-edged sword. Most consulting companies basically invoice hours. Even a lot of software development is charged by the hour. So now empoyees use AI, come up with awesome work much faster, and all that looks like a big advantage - until you get to the end of the month and find out that you now have a lot less billable hours logged.

    The bright side is that you can now deliver more projects - so you now have to do much more work to invoice the same as before, and all the competition is now also delivering awesome work. It’s a race to the bottom, more stress and less money for everyone involved.





  • The article you referred to appears to delve into the actions and subsequent consequences faced by Jimmy Zhong, a 28-year-old computer expert from Athens, Georgia. The narrative begins when Zhong reports a theft of a substantial amount of cryptocurrency from his residence, leading to an investigation unveiling one of the most significant cryptocurrency crimes in history .

    In 2012, an individual pilfered 50,000 bitcoins from Silk Road, an illicit dark web marketplace. The valuation of these stolen bitcoins soared over time to surpass $3 billion, marking one of the colossal mysteries within the cryptocurrency realm for many years. Nearly a decade post this heist, a grave mistake by the perpetrator enabled the IRS-Criminal Investigation division to resolve the case .

    Jimmy Zhong, known for his partying tendencies and also for his exceptional computer skills, was the person behind this massive theft. His downfall was linked to his report about the crypto theft, which was a cover-up, and his robust digital home surveillance system which perhaps played a part in his identification .

    Following his conviction in 2022, a raid on his Georgia residence led to the confiscation of approximately 50,676 bitcoins, then valued at over $3.36 billion. Zhong cooperated with the authorities and forfeited the stolen assets .

    This tale highlights a significant event within the cryptocurrency community and demonstrates the long-term investigative efforts that can span several years before reaching a resolution.