Wednesday reminder: keep learning, keep building, and keep showing up.
Progress doesn’t always happen loudly. Sometimes, consistency is the biggest move you can make. :::
KiiChain: What Happens to Your Money Between Payments?
Payments are only one part of the financial system. The infrastructure connecting currencies, accounts and transfers matters too.
In a livestream with Ice, @KiiChainio CEO @DanyelArenas Arenas discussed the team's approach to building that infrastructure. Here's the part of the product story worth understanding.
What makes Pogo special for me?
🔹If u're a creators: A network of real KOLs backing each other's alpha. Good takes get amplified, farming gets punished.
🔸If it's for projects: Your campaign moves through the fabric of CT: KOLs reacting to KOLs, then everyone else.
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You guys ready for the next run of $STAKD?
After a huge shake of over 100%, I think all weak hands must be out for good, or they’re gonna jump in at the high point..
Personally, I still think stakd could be the next $PONS. If you wanna know why, you can check their tech, their launches, etc.
NFA. Do not ape blindly, do your own research!
okay i’m aping this one @Arcmanonarc
$ARCMAN has my attention, especially with the community pushing hard and the OKX campaign adding more eyes to it
small bag, high conviction on the upside
CA: 0x5849fd68a097b3ee7d87ce88a0fcbb76857648ff
let’s see where this goes 👀
Went looking for the catch in the price schedule.
There isn’t one.
All 10 rounds were already live on the site before Round 1 even opened.
Round 1: $0.015. Only 3M tokens.
$100 = 6,666 $BTOWN + the Round 1 founder mark.
Get involved now 👇
https://t.co/Yw9AsHbp3Z
Thorchain calls itself decentralized and permissionless, like Bitcoin and Ethereum, funny
When you send BTC through Thorchain, your BTC is held in vaults controlled by a group of Thorchain validators.
Think of it like a shared safe.
No single validator has the key.
Instead, the validators have to agree before funds can move. Thorchain uses something called TSS to make this possible.
That makes it harder for one person to steal the funds.
But it also means something else:
Thorchain does have a group of people who collectively control the vaults.
So the question isn’t just “Can one person control the money?”
It’s also “What can the group do together?”
Quite a lot, actually.
Thorchain validators can vote on certain network decisions, including stopping trading on specific chains.
We’ve already seen them do it.
During the Bybit hack, some Thorchain validators voted to stop ETH trading after the FBI asked crypto companies to block addresses linked to North Korea.
Other validators later reversed that decision.
Then in May, Thorchain itself was hit and around $10.7M was reportedly lost from one of its vaults.
The network responded by stopping trading, stopping signing and pausing nodes.
So we’ve clearly seen you guys have the ability to stop activity when the validators decide it’s necessary.
BNB Chain did something similar after its bridge was exploited in 2022. Its validators coordinated a halt of the chain.
So when we talk about decentralized networks, we need to be more specific.
“Decentralized” doesn’t always mean “nobody can stop anything.”
Sometimes it means nobody can stop it alone,
Thorchain is a good example.
A group of validators collectively controls the vaults and has certain powers over the network.
Some Thorchain front ends also screen addresses that have been flagged as suspicious.
TRM Labs has previously described Thorchain as a route used heavily in North Korea-linked laundering activity.
Now we’re seeing another major hack move through the same cross-chain infrastructure.
>Circle and Tether have frozen some related funds.
>OKX says it has been tracking the funds and blocking what it can.
@star_okx said security is a shared responsibility across the industry.
If validators collectively control the keys to billions of dollars and have the ability to stop activity, what responsibility comes with that power?
If validators can step in when their own money is at risk, why shouldn’t they be expected to do the same when everyone else’s money is at risk?
We are not a serious industry.