How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style:
Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵
An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.
Here's everything you need to know.
The $UST Depeg Thread:
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Here's a summary of the deep dive I did this week into $DAG and @Conste11ation for a new YT video
I've held this for a while but only recently realized the full potential of the tech.
If you're wondering why DAG seems to be everywhere right now, this thread 🧵 is for you...
This On-Chain Bubblemap HELPED me spot a RUG in 2 minutes! 🚨
And today I am going to show you how you can do it too, and how to know what it means…🧐
This is NOT a fool-proof way to know if a project is BAD, but it can help you spot ONE WAY that projects RUG.
Read along 👇🧵
Millions of Twitter users are upset today.
Not because they fear they will be banned or censored.
But because they fear the people that disagree with them may not be banned or censored.
1913...The year that led to today's economic torture
Both the income tax & The Fed were created that year.
The income tax made everyone's earnings the property of the government first.
What the government allows people to keep is then relentlesly stolen by The Fed's inflation.
Elon Musk on personal consumption:
“I don't even own a home right now, I'm literally staying at friends places. I don't have a yacht, I really don't take vacations."