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2019: Year in Review

Every year, I do a year in review, with highlights and lowlights and a summary so this is my year in review for 2019.

Highlights

-I found a great job at a great company with great co-workers at Kong
-Had a great time in Korea this year, met all my friends again, made a Korean gf
-Went on a nice cruise with my family this year

Lowlights

-Still recovering from all the financial issues I suffered last year mainly losing the majority of my life savings because of the QuadrigaCX crypto exchange collapse
-More difficult to make new friends in Vancouver than I expected

Summary

I don’t have a whole lot of updates for this year, because this year was pretty much a recovery year from the disaster that was last year. Last year took away my San Francisco apartment, my life savings, and most of my best friends away from me. I started out this year with almost no savings, no house, unemployed and with no friends in Vancouver.

The start to this year was really rough. I was told that the exchange that I used last year to transfer my savings over to Canada, QuadrigaCX had gone under with over $215M CAD owing to creditors once the CEO died under mysterious circumstances in India. The rest of this year was basically waiting for updates from the ongoing lawsuit – Ernst&Young being the bankruptcy trustee and Miller Thomson being the lawyers.

So far they are still processing claims, and have been doing so for the last 4 months with no updates to us creditors so far. They have roughly $33M + $12M (the CEO and his widow enriched themselves by purchasing Nova Scotia property so there’s extra assets here) for us but roughly $7M I estimate will be in legal fees paid to EY and MT. After that there’s roughly $38M left in the pot for us creditors, depending on how much people claim. There’s $215M in total claims outstanding but me and several other creditors theorize that at least half of those claims are not real or left on the exchange by money launderers. And then there’s the CRA (Canada’s IRS) waiting to take even more money from us.
So I calculated it and I think roughly we’ll get back anywhere from 15% (worst case scenario) to 40% (best case)  with 25-30% being the most likely percentage we’ll get back. I have no idea how long this process will take but hopefully sometime next year we’ll get it back.

So that being the backdrop, a hammer that was dropped on me at the beginning of the year, you can see the rest of the year takes a backseat to this whole lawsuit thing.
I did manage to luck out finding a great SF company to work for (Kong Inc) that I could work remotely for, and everything about that company I liked better than my previous company. My manager, coworkers, the type of work I was doing etc I learned way more in 6 months than I did in a whole 1.5years at my previous company.
And I did manage to have some time to travel to Korea for a bit and that was a really great experience, much better than last year (God really had it in for me last year), got to meet all my friends again and dated a bunch of girls, etc it really transported me back to the days when I lived there (2015-2016). I also got a chance to go on a cruise with my family (to the Bahamas) which I haven’t traveled with since late 2013 and especially getting to see my brother again is nice since he’s usually busy and very isolated since he lives in Winnipeg.

But once I got back to Vancouver, it became lonely again, and I think it might be just because its hard in general to make friends once you’re out of school but even harder when you work from home and have no co-workers to really talk to. At least in San Francisco I still have one really good friend to hang out with. In Vancouver I didn’t know anyone. I tried going to some language exchange meetups but the people I meet there are always very transient, they change every time so its hard to meet someone stable.
I did get into a relationship with a girl I met in Korea but its long distance and that’s always really difficult to maintain. I hope I can though, because she seems much more stable than my ex gf was, and much more mature (she’s 3 years older than me). On top of that, I don’t really like my landlord and am looking to find a new place to move to next year. He is incredibly strict with his house rules and seems always ready to fine me since he blames me for  everything that happens around the house (I have 6-7 housemates) and raised my rent by $100 because he said I ‘stayed at home too much thus using more electricity’ which is ridiculous. 

So yeah this year is mostly a recovery year, but after the initial shock that happened early this year and lucking out into finding a good company to work for, the rest of the year went reasonably smoothly. Let’s hope that next year will continue to go smoothly and hopefully I’ll have some luck finally with crypto (I still have some reserves but its down a whopping 80% and I missed a good chance to sell it in the summer, hopefully it will go back up next year), and with the lawsuit as well (oh please don’t let that $215M in claims be a real number, hopefully most of those big claims are fake).

Otherwise I’m just slowly saving up money again trying to afford a place in Vancouver eventually. This process might be considerably faster or slower depending on how much crypto goes up/down next year and how much/when money I get back from the QuadrigaCX lawsuit…

 

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