I had the opportunity to goto @TheBitcoinConf and it shifted some of my thinking on investing in crypto and opened my eyes to how much is actually happening with $BTC.
I'm gonna do my best to recap from memory and tag anyone that was mentioned.
🧵
Someone saying something’s been confirmed and that person actually showing receipts are two different things. Remember that before reaching any conclusions about anything.
Azero Schmazero
It is a sad week for Aleph Zero fans, and that includes us. We do not yet know what exactly happened here, but it seems to have been greed and mismanagement that tanked the token. Adam Gagol, Nick Fisher and Daniel Ozluer seem to have stolen significant funds, and the price has crashed. Adam Gagol posted on X last week that he's leaving the team. There is no confirmation and proof yet, some have already complained to the Swiss regulator, and social media is abuzz with speculation. We have always been huge fans of the tech, based on our intimate conversations with Dr. Matthew Niemerg, who is behind most of the excellent privacy tech Azero has developed. This rug, if confirmed, isn’t just devastating for investors and our ego, it’s also a setback for privacy tech, since it removes an important critic of zk-proof and a great alternative. However, the brewing scandal seems to have nothing to do with Azero technology or the chain, and we are confident that it will be saved (bought up) by someone else. So for the intrepid, this is a chance to buy AZERO on the cheap and wait for the bailout.
I have been invited to collaborate with members of the Polish and Italian Aleph Zero communities to analyse docs & DMs about the Common heist and their plan to steal millions from $AZERO - from perfectly timed unstakes to liquidity manipulation.
This will be a multi part series