Mario

[Mario @Token_Mario]

Bitcoin is trading below production cost 25 days from halving... last time bitcoin was trading below production cost into the halving it rallied 2,700%. $BTC #bitcoin @caprioleio @PrestonPysh

[Mario @Token_Mario]

@chamath Warren doesn’t ever have a view on the market.

[Hon. Vickie Paladino @VickieforNYC]

Let’s all get ready for our new trampoline park economy, courtesy of the dumbest people in the history of western civilization.

[Pedro Domingos @pmddomingos]

CEOs have affairs all the time. Get over it.

[JC Bahr-de Stefano @jbahrdestefano]

HUGE fintech round as @ImprintPayments raised $130M in a round co-led by @khoslaventures + @psumvc at a $1.88B val (up from $1.2B last Dec)

Imprint builds + runs co-branded credit card programs for brands, owning the full stack from issuing + processing to rewards + loyalty

some stats on the biz:
> expects ~$400M in GAAP rev this year, up 150% (w/ headcount only up 30%)
> 2M+ cardholders, up from ~15K 3 yrs ago
> 130M+ txns processed to date

customers include Kroger, Albertsons, Shell, H-E-B, @bookingcom, Rakuten + now Fanatics

https://t.co/zuRujwMMvR

[Mario @Token_Mario]

@caprioleio @PhilCrypto77 Fooled by randomness? Explain to me please why and how this makes anyone make a long term investment decision that pays out.

[Mario @Token_Mario]

@PhilCrypto77 Better hope not

[Mario @Token_Mario]

@sofiafonsoferre Useful idiots

[Mario @Token_Mario]

@nic_carter @clavicular Sad thing is he’s right 😂

[Mario @Token_Mario]

@nosheks @spectatorindex Even if this is the case North Korea is a proxy for China anyways

[Charles Edwards @caprioleio]

As you know for a long time I have been concerned about the Quantum threat on Bitcoin, and our industry's effective zero progress on solving it. Over the last 6 months the AI threat has also become large, perhaps a greater threat to the ecosystem generally.

Today's Binance hack is a major event.

If the king can't protect itself, how can any other exchange be trusted?
How can "smart" contracts be trusted?
How can elliptic curve cryptography be trusted?

The answer to all of the above is they can't.

Tether halted $1.8B of the Binance hack today, showing the need for a hu-man in the middle. If it's BTC or any other coin in a hack? No one is stepping in to save you.

Decentralization of trust doesn't work during the birth of Superintelligence.

I've been through a dozen hacks and the failure of the biggest exchanges, from Bitmex operations ceasing on 12 March 2020 to the FTX fraud in 2022. Nothing compares to this moment in time, not because of the severity of the hack, but because of what it means.

The historic events were standalone and brought big market opportunities. This is the opposite.

Today we can't trust cold wallets. The Ledger supply chain is cooked, Coldcard is a Cheetos door lock. And now the world's best exchanges are not safe either.

The biggest strength of crypto in the past was decentralization - removing the human. Today this is fast becoming the biggest weakness. Banks can block wires, they can refund hacked accounts and they have insurance. The need for "rollbacks" grows with AI threats. This is something I couldn't have imagined saying 5 years ago, but IT security simply cannot keep pace with the threats in a super intelligence world.

Exploits are discovered, utilized within minutes, then patches are made and finally (days or weeks later) deployed.

Ultimately the Super Intelligence wave will harden all infrastructure, as better and more robust encryption is discovered tested and deployed. But we know with certainty that what Bitcoin has today isn't good enough, and the lifespan of elyptic curves is less than 5 years from today, due to Quantum alone.

I said early this year, Bitcoin won't get a new ATH until a Core governed Quantum Proof roadmap is established.

ATH's are looking more and more distant today. It's becoming harder and harder to be a long-term crypto investor.

[Mario @Token_Mario]

@JoeConsorti Everything will be hacked.

[Jameson Lopp @lopp]

Looks like this was the largest exchange hack of all time with over $5B in assets stolen today from Binance hot wallets.

[SaltyGoat @SaltyGoat17]

Did we really spend 20 years fighting Jihadist terrorists over there

Just to watch people elect them over here?

How TF did we end up in this clown world?

[Mario @Token_Mario]

@PhilCrypto77 @AlexanderSoros Facts

[Mario @Token_Mario]

@AmiriKing Never seen anything like this in my life. It’s unbelievable

[Mario @Token_Mario]

@C_S_Skeptic You are the very fool you speak of.

[Mario @Token_Mario]

@runews How have the country’s leaders not been thrown in jail yet for letting this invasion happen?

[Vinod Khosla @vkhosla]

Robots making rapid progress in "learning to learn"

[Mario @Token_Mario]

@balajis You’re way too smart for your own good man…